For Quick Alerts
For Daily Alerts

Foreign Portfolio Investors Pulled Out Rs 1.2 Lakh Crore From Indian Markets In March

By Staff

As the COVID-19 pandemic sparked fears of economic uncertainty, foreign portfolio investors (FPIs) pulled significant cash out of Indian markets amid sell-off in global markets. According to NSDL data compiled by the ET Intelligence Group FPIs have withdrawn $15.9 billion (Rs 1.2 lakh crore) out of the Indian debt and equity markets in March, the highest ever monthly outflow.

March Sees Highest Ever Monthly Withdrawals By Foreign Portfolio Investors

Data verified by ET further said that FPIs have pulled out a record $15.11 billion (Rs 1.12 lakh crore) from India for the year, the most in Asia, barring South Korea.

The total impact of market value erosion and redemption pressure on fund houses brought down total Indian equity assets under management by FPIs to $341 billion (Rs 25.52 lakh crore) as on 15 March as against $431 billion (Rs 33 lakh crore) at the beginning of 2020, a 20 percent decline.

FPIs accounts for a fifth of the total market capitalisation of Indian equities and for the first 15 days of March, sell-off in financial services, banks and oil & gas sectors accounted for nearly 90 percent of the total outflow.

Read more about: fpi stock market sensex
Story first published: Wednesday, April 1, 2020, 9:51 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more