Undeterred by global central banks’ moves, long-term FPIs stay put in Indian equities
Business

Undeterred by global central banks’ moves, long-term FPIs stay put in Indian equities

By Nick J Adam

Synopsis

The share of sticky foreign funds – these include global central banks, pension funds, sovereign funds, and entities where a majority stake is owned by governments – in equity assets held by foreign portfolio investors rose to a record 24.30% last month, data from NSDL show. The increased share of sticky funds is an indication that redemption pressure on Indian equities will be relatively lower during the period of extreme risk aversion.

ET Intelligence Group: Extremely hawkish global central banks have not deterred the faith of long-term foreign portfolio investors in Indian equities.

The share of sticky foreign funds – these include global central banks, pension funds, sovereign funds, and entities where a majority stake is owned by governments – in equity assets held by foreign portfolio investors rose to a record 24.30% last month, data from NSDL show. The increased share

BY

ET Bureau

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Nick J Adam 105178 posts