Team Blitz India
NEW DELHI: Foreign portfolio investors (FPIs) continued their bullish stance on the country’s debt markets with a net infusion of over Rs 18,500 crore so far this month. This was driven by upcoming inclusion of Indian Government bonds in the JP Morgan Index.
This came following a net investment of over Rs 19,836 crore in January, making it the highest monthly inflow in more than six years. This was the highest inflow since June 2017, when they infused Rs 25,685 crore.
“With introduction of India in global bond indices this year, Indian debt inflows should get steady flows going ahead. Also, further front-loading before actual inclusion in June this year is also expected. This is also in line with long-term aim to deepen our underdeveloped debt-markets,” Kislay Upadhyay, smallcase Manager & Founder Fidelfolio, said.
