Team Blitz India
NEW DELHI: Foreign portfolio investors (FPIs) continued their buying streak in March, infusing Rs 38,098 crores as on March 22. Inflows rose in both debt and equities. Foreign investors streak picked up in February after being big sellers in January. Market experts have also highlighted that FPIs also invested in some bulk deals through the stock exchanges this month.
“An interesting feature of the foreign portfolio investment in India this fiscal is the steady growth in debt investment in sharp contrast to the volatile equity investment. This rising trend in debt investment is evident in March, too, with inflows of Rs 13,223 crore in debt through 22nd March,”’ said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The fundamental reason for the sustained FPI flows into debt is the inclusion of Indian bonds in the JP Morgan EM Bond Fund and Bloomberg Bond Index which is expected to bring investment of around $25 billion.
