Since the new fiscal year 2024–25 (FY25) began this month, foreign portfolio investors (FPIs) have reduced their buying momentum in Indian markets and have instead become net sellers. Following the prior fiscal year’s strong inflows report, this one.
A poor global cue combined with the tax treaty between Mauritius and India has experts questioning whether the inflows would last in the foreseeable future.
National Securities Depository Ltd (NSDL) data shows that FPIs had sold off ₹5,254 crore worth of Indian shares, bringing the overall outflow to ₹8,982 crore as of April 19, accounting for debt, hybrid, debt-VRR, and equities.
Thus far this month, the total amount of debt disbursed is ₹6,174 crore.
