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Post JP Morgan index inclusion, FPIs turn sellers in FAR securities

After completion of inclusion process of domestic government securities in JP Morgan Indices on March 31, 2025, FPIs have net sold ₹31,262 crore worth of FAR securities so far

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After the announcement of the inclusion in JP Morgan indices, there was net active inflow worth ₹92,302 crore between September 2023 and June 2024. (Photo: Shutterstock)

Anjali Kumari Mumbai

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Passive inflow, amount (in ₹ crore) 
 
Foreign portfolio investors net bought ₹1.09 trillion worth of Indian government securities designated under the FAR (fully accessible route)  route after the official inclusion of domestic securities in the JP Morgan indices between July 2024 and March 2025. The inclusion process was phased over a 10-month period with 1 per cent weight included each month until March 31, 2025.
 
After completion of inclusion process of domestic government securities in JP Morgan Indices on March 31, 2025, FPIs have net sold ₹31,262 crore worth of FAR securities so far. The selling was primarily driven by