In the past one year till August, the assets under management (AUM) of passive FPIs have increased by about 8% from $59 billion in August 2021 to $64 billion in August 2022. Allocation of foreign ETFs to India was $45 billion in August 2020. FPIs have sold Indian shares worth $14.4 billion in 2021 and $24.5 billion in 2022 till August.
"Increase in FPI ETF AUM, coupled with substantial active money withdrawal, has resulted in an increase in the share of FPI ETFs to overall FPI equity ownership in India - from 9% in August 2021 to 10.6% in August 2022," said GV Giri, head of research, IIFL Securities. "This comes on the back of India's resilient markets."
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price