The value of foreign portfolio investors’ holdings in domestic equities reached USD 651 billion in the three months ended September 2023, which was 15 per cent higher than the year-ago period, according to a Morningstar report.
This could be attributed to the good performance of the domestic equity markets as well as strong net FPI inflows.
According to the report, the value of FPIs’ investments in Indian equities rose from USD 566 billion as of September 2022 to USD 651 billion at the end of September 2023.
On a quarter-on-quarter basis, the value of such investment rose 4 per cent from USD 626 billion recorded in the three months ended June this year.