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Long-term FPIs have been raising India bets, shows data

Sovereign and pension fund have seen a rise in their share of overall FPI assets

Photo: Reuters
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Photo: Reuters

Sachin P Mampatta Mumbai
A segment of foreign portfolio investors (FPIs) have been stepping up their India investments even as overall selling hit a record high.

Investments by sovereign wealth funds and pension funds are up 59-80 per cent since the pandemic began shows an analysis of depository data. Their assets under custody remain steady even as markets fall and other investors head for the exit.

Sovereign wealth funds look to invest a country’s wealth for future contingencies. Some of the largest ones in the world are from oil-producing countries like Norway. Pension funds look to set aside capital for the retirement of employees.

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First Published: Feb 24 2022 | 7:09 PM IST

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