However, they put in Rs 2,744 crore in the debt markets during the period under review.
In the entire 2017, FPIs put in a collective amount of Rs 2 trillion in equity and debt markets
Waves of foreign portfolio investments worth over Rs 51,000 crore splashed into the Indian market in 2021 as overseas investors turned net buyers of domestic securities for the third straight year while excess global liquidity and other factors steered the ebb and flow of their investing ways. With the global financial system still flush with liquidity, emerging market assets, especially equities, might well remain the preferred investment avenue for many more months to come, experts opined. As the equities sizzled during most of 2021, that also saw economy slowly coming back into the recovery path, Foreign Portfolio Investors (FPIs) turned net buyers but their investment is much less compared to net inflows of Rs 1.03 lakh crore in 2020.
Geopolitical tensions in different parts of the globe and slowdown in global economy led investors to opt for safe-haven like gold over the last one year.
Experts believe FPIs will keep a close watch on coronavirus pandemic, its spread and likely impact on the economy while making decisions about investment into India.
After three consecutive years of infusing huge funds, foreign portfolio investors retreated from the Indian equity markets in a big way in 2022 with the highest-ever yearly net outflow of nearly Rs 1.21 lakh crore. The huge outflow, which surpasses by a big margin the previous record of Rs 53,000 crore net withdrawal in 2008, came amid aggressive rate hikes by central banks globally but 2023 is expected to be better on positivity about overall macroeconomic trends in India, experts said. Apart from global monetary tightening, volatile crude, rising commodity prices along with Russia and Ukraine conflict led to an exodus of foreign money in 2022.
Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity.
As a festive spirit prevailed in Ayodhya, there was an emotional outpouring among residents of the holy city as the consecration of the new idol of Ram Lalla was held on Monday and said they indeed feel they are living in a divya (divine) Ayodhya, navya (new) Ayodhya and bhavya (grand) Ayodhya.
Experts attributed the inflows to sudden rally in gold prices, mainly due to uneasy trade negotiations between the US and China and lower than expected global GDP growth.
Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive monthly withdrawal, primarily due to profit booking and portfolio rebalancing amid markets touching new highs. The pace of outflows from equities has however slowed for the third month and Gautam Kalia, head - Investment Solutions, Sharekhan by BNP Paribas said that it will likely turn positive soon as investors get used to the new normal. In addition, investors pulled out Rs 33,409 crore from debt mutual funds last month after investing Rs 13,863 crore in December, data from the Association of Mutual Funds in India showed on Tuesday.
With this, the total SIP contribution in the first seven months of the current financial year rose to Rs 57,607 crore as compared with Rs 52,472 crore in April-October 2018, according to the latest data from the Association of Mutual Funds in India (Amfi).
Outflows are likely to continue, experts say, till such time as the markets see a significant correction.
Increasing awareness about mutual funds, ease of transactions through digitisation and sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22, with experts saying the trend is likely to continue this fiscal as well. This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed. The ongoing financial year too appears to be promising in terms of folios as increase in investor accounts will enable people to move beyond fixed deposits and savings accounts, said Priti Rathi Gupta, founder of LXME, a financial platform for women.
'The good news is that money continues to flow into India-focussed offshore funds.'
Andhra skipper Hanuma Vihari batted left-handed and defied speedster Avesh Khan to add 26 runs for the 10th wicket and help his team reach 379 against Madhya Pradesh on the second day of the Ranji Trophy quarter-final.
Investors across age groups and risk appetite can invest in these schemes.
The Chandrakant Pandit-coached side lost opener Yash Dubey (9) cheaply after he was trapped in front of the wickets by pacer Mukesh Kumar (2/45).
An analysis of how DSP BlackRock Micro Cap fund has performed in the last five years
A summary of Ranji Trophy matches played on Thursday.
A roundup of Day 2 of the Ranji Trophy matches on Friday.
Demonetisation could see anywhere between Rs 8 and 12 lakh crore coming into the banking system in the next few weeks.
For 80 years, news and views aired on BBC Hindi reached audiences in the remotest parts of the country. For millions of its followers, the signature line -'yeh BBC hai (this is BBC)' -- has been like a morning alarm, and the bulletins a vital link between India and the world. That link, which began when there was no mobile phone or internet, is about to break as the radio service will fall silent after January 31. And for many living in smaller towns and in rural areas, life won't be the same again, writes Nivedita Mookerji.
A summary of Wednesday's action in Ranji Trophy matches across the country.
Jammu and Kashmir made it to the quarter-finals of the Ranji Trophy despite suffering a two-wicket defeat at the hands of Haryana in their final Group C match in Jammu on Saturday. In the quarter-finals to be played from February 20 to 24, Saurashtra will be up against Andhra, Karnataka will face Jammu and Kashmir, Bengal will take on Odisha and Gujarat will square off against Goa.
Round up of the Ranji Trophy matches being played across the country
A summary of the Ranji Trophy matches played on Monday
A round-up of all the Ranji Trophy matches played on Monday.
A summary of the second day's play in the Ranji Trophy matches played at various venues across the country.
Robin Uthappa's 16th first-class century helped Karnataka take a big first-innings lead of 263 to take the home side to a strong position on second day of their Ranji Trophy Group A match against Jammu and Kashmir.
A summary of the Ranji Trophy matches played on Sunday.
A summary of the third day's play in the Ranji Trophy matches played at various venues across the country.
Maharashtra's Swapnil Gugale slammed a triple century while Ankit Bawane hit a double hundred as the duo registered the highest-partnership in the history of the Ranji Trophy, against Delhi, in the Ranji Trophy Group B match at the Wankhede stadium in Mumbai, on Friday.
Hosts Mumbai rode on a solid batting display following their excellent bowling stint and looked poised for an outright win against Punjab on Day 3 of their Ranji Trophy match in Mumbai on Saturday.
Round-up of the Ranji Trophy games being played across the country