FPIs pump in Rs 52,910 crore as Budget aims to foster stable investment environment
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The foreign portfolio investor (FPI) community, which is set to play a major role in positioning India as the third largest economy in the world, has pumped in nearly 52,910 crore in equity and debt this month (till July 26). FPIs were consistent buyers as the Union Budget 2024-2025 focused on fostering a stable and mature equity investment environment. Market experts, citing the data by National Securities Depository Limited (NSDL), said that FPIs have invested Rs 33,688 crore in equity and Rs 19,222 crore in debt so far this month (July 26). For the full year-to-date, FPI investment in equity stands at Rs 36,888 crore and Rs 87,846 crore in debt in the country. Analysts said this massive flow of money into the domestic mutual funds and the newfound clout of the retail investors have "strengthened the domestic investors over their foreign counterparts".According to them, the reason for a quick rebound in the capital markets can...