Page 9 - Fpis

FPIs pull out of debt, selling pressure may continue until bond inclusion

Selling pressure may continue until India's inclusion in JPM index in June

FPIs infuse Rs 13,300 cr in April so far amidst bullish economic outlook

Foreign investors have infused over Rs 13,300 crore in Indian equities in the first two weeks of the month owing to a resilient domestic economy with promising growth prospects. Going ahead, concerns over changes in India-Mauritius tax treaty will weigh on Foreign Portfolio Investor (FPI) inflows in the near-term till clarity emerges on details of the new treaty, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Another major concern is the surcharged geopolitical situation in the Middle East with heightened tensions between Iran and Israel. These will keep the markets on tenterhooks in the near-term, he added. Since domestic institutional investors (DIIs) are sitting on huge liquidity and the retail and HNIs in India are highly optimistic about the Indian market, FPI selling will be largely absorbed by domestic money. According to the data with the depositories, FPIs made a net investment of Rs 13,347 crore in Indian equities this month (till April ...

FPIs jettison FMCG and auto shares during March voyage, shows data

FMCG sells short on hope; auto stocks rev up for profit pullback

FPIs make remarkable comeback; infuse Rs 2 trillion in equities in FY24

Foreign investors made a strong return by injecting more than Rs 2 lakh crore into Indian equities in 2023-24, driven by optimism surrounding the country's robust economic fundamentals amidst a challenging global environment. Looking forward to 2025, Bharat Dhawan, Managing Partner at Mazars in India, said that the outlook is cautiously optimistic and anticipates sustained FPI inflows supported by progressive policy reforms, economic stability, and attractive investment avenues. "However, we remain mindful of global geopolitical influences that may introduce intermittent volatility, emphasising the importance of strategic planning and agility in navigating market fluctuations," he added. The outlook for FY25 from an FPI perspective, continues to remain strong, Naveen KR, smallcase Manager and Senior Director at Windmill Capital, said. In the current fiscal 2023-34, Foreign Portfolio Investors (FPIs) have made a net investment of around Rs 2.08 lakh crore in the Indian equity marke

FPIs invest over Rs 38K cr in equities in Mar so far amid positive outlook

FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539 crore in February and a massive outflow of Rs 25,743 crore in January, data with the depositories snowed. With this, foreign portfolio investors' (FPIs) investment has turned positive to the tune of Rs 13,893 crore in equities so far in 2024 and Rs 55,480 crore in the debt market. Himanshu Srivastava, Associate Director at Manager Research at Morningstar Investment Research India, highlighted that FPIs have become significant buyers in March. The improved global economic conditions and positive Indian macroeconomic scenario have driven FPIs to invest in high growth-oriented markets like India. Additionally, the recent market correction has provided a buying ...

Growing interest: FMCG, telcos on foreign portfolio investors hot list

Analysts said large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore

FPIs infuse over Rs 40,000 cr in Indian equities on strong economic growth

FPIs came back strongly to invest in the Indian equity markets, buying shares worth Rs 40,710 crore in the first fortnight of the month amid an improvement in the global economic landscape and robust domestic macroeconomic outlook. The inflows came following a modest investment of Rs 1,539 crore in February and an outflow of Rs 25,743 crore in January, data with the depositories snowed. FPIs have been changing their strategy in response to the changes in the bond yields in the US. Therefore, now that US bond yields have again spiked up in response to stubborn inflation, they may again turn sellers in some of the days, going forward, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. In March, Foreign Portfolio Investors (FPIs) turned big buyers but this figure includes some bulk deals executed through the stock exchanges and, therefore, is not a true indicator of FPI activity. However, the rising trend of FPI investment continues, he added. "The ...

Mauritius is ensuring transparency, there are no shell companies: Minister

Mauritius is ensuring transparency in the financial services sector and there are no shell companies there, Mauritian minister Soomilduth Bholah has said as he pitched the island nation as the platform for Indian companies to tap the African market. In an exclusive interview to PTI in the national capital, Bholah said that Mauritius is looking for investments from India, which he described as an economic powerhouse. Mauritius always promotes good governance and focused on transparency. The country would love to learn from India in each and every sector, the Mauritius Financial Services and Good Governance Minister said. The island nation, which has a long standing strong bilateral ties with India, is mainly looking for collaborative opportunities in the fintech space. "It is a pleasure to be in India. I would say that while India is important for Mauritius, Mauritius is also important for India, especially in the financial services sector," he said. In response to a query on ...

Sebi board may ease IPO norms, approve same-day settlement framework

Exemption to certain FPIs from granular disclosures, passive funds from single co exposure also on anvil

FPIs inject over Rs 6,100 cr in equities in March on strong economic growth

Foreign Portfolio Investors (FPIs) are turning steady buyers as they bought Indian equities worth Rs 6,139 crore so far this month driven by strong economic growth, market resilience and decline in US bond yields. This came following a modest investment of Rs 1,539 crore in February and massive outflow of Rs 25,743 crore in January, data with the depositories snowed. "FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market," Manoj Purohit, Partner and leader - FS Tax, Tax and Regulatory Services, BDO India, said. On the regulatory front, announcements such as removal of UAE from the grey list, Sebi's consultation paper for easing disclosures norms for regulated FPIs have been the major catalysts to put India on the forefront for potential long term investments for the ...

FPI count at GIFT City doubles in last four months, shows NSDL data

Many fund managers are increasingly looking to redomicile their base to India's maiden International Financial Services Centre (IFSC), say legal experts

FPIs reverse trend; inject Rs 1,500 crore into Indian equities in Feb

Foreign investors made a significant turnaround and injected over Rs 1,500 crore into Indian equities in February, reversing the massive outflows seen in the preceding month, primarily due to robust corporate earnings and positive economic growth. Additionally, Foreign Portfolio Investors (FPIs) continued to be bullish on the debt markets as they put in over Rs 22,419 crore during the month under review, data with the depositories showed. Looking ahead to March, the outlook for FPI flow appears promising, provided the current economic trajectory and corporate performance sustain their positive momentum, potentially continuing to attract foreign investment into Indian equities, Mayank Mehraa, smallcase manager and principal partner at Craving Alpha, said. According to the data, FPIs invested a net sum of Rs 1,539 crore in the Indian equities in February. This came following a net withdrawal of Rs 25,743 crore in January. The latest influx can be attributed to robust corporate earnin

FPI inflows remain muted in February amid high valuations, shows data

Overseas funds seen favouring less expensive Korea, Taiwan markets

Sebi proposes further exemptions of granular disclosures for select FPIs

It is proposed that disclosure exemption will be given only if the composite holding of all such FPIs in the group is less than three per cent of the total equity share capital

Sebi mulls relaxing enhanced disclosure framework for certain FPIs

Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed exempting funds with concentrated holdings in entities without a promoter group, where there is no risk of breaching Minimum Public Shareholding (MPS) requirements, from enhanced reporting obligations. The Securities and Exchange Board of India (Sebi) has sought comments till March 8 from the public on the proposals. This came after Sebi, in August last year, mandated FPIs to disclose detailed information about entities holding any ownership, economic interest, or control in them, without any threshold. This granular disclosure framework required for FPIs meeting either o

Mkt regulator Sebi warns investors against fraudsters claiming to be FPIs

This is the second caution against fraudsters in this month. This follows several complaints regarding such activities and entities

FPIs trim financial exposure: Lowest in six years at 29%, shows data

At 28.97%, allocation lowest since 2018; Down from peak of 41.17%

Cautious FPIs take out Rs 3,776 cr in Feb due to spike in US bond yields

Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front. In contrast, they are bullish on the debt market and injected Rs 16,560 crore in during the period under review, data with the depositories showed. ' According to the data, Foreign Portfolio Investors (FPIs) pulled out a net sum of Rs 3,776 crore from the Indian equities this month (till February 16). This came following a net withdrawal of Rs 25,743 crore in January. With this, the total outflow for this year has reached Rs 29,519 crore. "The spike in US bond yields triggered by the higher-than-expected consumer price inflation led to sustained selling by FPIs," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Also, the latest selling could be attributed to the uncertainty surrounding the interest r

FPIs' investment value in equities jumps 13% to $738 bn in Dec quarter

The value of FPIs (Foreign Portfolio Investors) holding in Indian equities reached USD 738 billion in the three months ended December 2023, marking a surge of 13 per cent from the preceding quarter, driven by the strong performance of the domestic stock market, according to a report by Morningstar. The value of FPIs investment was at USD 651 billion in the September quarter of the current fiscal. On a year-on-year basis, the value of such investments rose 26 per cent from USD 584 billion in December 2022. "This could be attributed to the good performance of the domestic equity markets as well as strong net inflows from FPIs," the report noted. However, FPIs' contribution to Indian equity market capitalisation fell marginally during the quarter under review to 16.83 per cent from 16.95 per cent in the previous quarter. After withdrawing USD 5.38 billion in the September quarter, foreign investors were net buyers in the Indian equity markets to the tune of USD 6.07 billion in the th

FPIs on bullish stance; infuse over Rs 15,000 cr in debt market in Feb

Foreign Portfolio Investors (FPIs) continued their bullish stance on the country's debt markets with a net infusion of over Rs 15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy. This followed a net investment of Rs 19,836 crore in January, making it the highest monthly inflow in more than six years. This was the highest inflow since June 2017, when they infused Rs 25,685 crore. On the other hand, foreign investors pulled out more than Rs 3,000 crore from equities during the period under review. Before this, they withdrew a massive Rs 25,743 crore in January, data with the depositories showed. "The main trigger for this divergent trend in equity and debt is the high valuation in the Indian equity market and the rising bond yields in the US," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Himanshu Srivastava, Associate Director - Manager Research, Morningstar