The flight of the foreign portfolio investors, in charts
- FPIs have made record exits from the Indian capital markets in the last seven months, outdoing the outflows during the global financial crisis. However, domestic mutual funds stand tall
With a flight of nearly $23 billion out of India since October 2021, the nervousness of foreign portfolio investors (FPIs) is quite palpable in the stock markets. This protracted exodus, the longest since the 2008 subprime crisis, is visible across companies and sectors. At 22%, the FPI shareholding in India’s top listed companies sank to at least a six-year low in March after five successive quarters of decline, shows a Mint analysis.