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Canada ranking slips a notch on top FPI source list amid rising tensions

But Canada-domiciled FPIs' AUC in India rose 1% month-on-month to Rs 1.8 trillion in Sep

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Samie ModakSundar Sethuraman Mumbai

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Canada’s ranking has slipped one notch on the list of top jurisdictions for foreign portfolio investor (FPI) flows into India.

At the end of September, Norway edged past Canada as the seventh largest source of foreign capital into India. However, the drop in Canada’s ranking hasn’t come on the back of large-scale redemptions, as the assets under custody (AUC) of Canada-domiciled FPIs rose nearly 1 per cent month-on-month to Rs 1.8 trillion – slightly below the overall FPI AUC growth of 1.4 per cent. On the other hand, Norway’s AUC jumped nearly 4 per cent in September to Rs 1.81

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First Published: Oct 17 2023 | 8:43 PM IST

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