FPI AUC in India hit by ₹2 trillion IT slump; financials cushion impact

The Nifty IT index has fallen by 19.8 per cent so far this year, the worst among key sectors. During the same period, Nifty has risen by 5.5 per cent

Global funds’ assets under custody (AUC) in India have been flat this year, with a Rs 2 trillion drop in information technology (IT) holdings offset by gains in financial stocks.

 

AUC is the total market value of equities held by FPIs. The AUC of the IT pack stood at Rs 5.3 trillion as of July end: a 27.2 per cent decline compared to Rs 7.3 trillion at the end of 2024, according to data from NSDL. The plunge in holdings follows a Rs 50,000 crore selloff by foreign portfolio investors (FPIs) this year amid a muted outlook for the IT