FPIs invest ₹2.74-lakh crore in equity markets during FY21
PTI
New Delhi |
Updated on
April 06, 2021
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Inflows were positive in all months, except in April (₹6,884 crore) and September (₹7,783 crore)
The Finance Ministry on Tuesday said India witnessed strong foreign portfolio investment (FPI) inflows into the equity markets to the tune of ₹2,74,034 crore during 2020-21, despite the outbreak of Covid-19. This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the Ministry said in a statement. During the financial year 2020-21, only in April and September there were outflows of ₹6,884 crore and ₹7,783 crore respectively. “The robust FPI flows came on the back of faster-than-expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. The government and regulators had also undertaken major policy initiatives directed at improving ease of access and investment climate for FPIs
Foreign portfolio investors (FPI) put in a record amount of Rs 2.74 trillion ($37 billion) during the 12 month ended March 2021. The previous best for the highest-ever FPI flows in a financial year was in FY13, when overseas investors had pumped in Rs 1.4 trillion ($25.8 billion), data provided by NSDL showed. The Finance Ministry said on Tuesday the sharp inflows last fiscal were due the government’s policy initiatives and economic recovery. “The robust FPI flows came on the back of faster-than-expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. The government and regulators had also undertaken major policy initiatives directed at improving ease of access and investment climate for FPIs in the recent past,” it said in a press release.
Financial Year (FY) 2020-21 witnessed strong Foreign Portfolio Investment (FPI) inflows into the Indian equity markets of Rs 2,74,034 crore. The robust FPI flows came on the back of faster than expected economic recovery supported by multiple tranches of innovatively designed stimulus packages. The Government and regulators had also undertaken major policy initiatives directed at improving ease of access and investment climate for FPIs in the recent past.
These include simplification and rationalisation of the FPI regulatory regime, operationalisation of the online Common Application Form (CAF) for the purpose of registration with SEBI, allotment of PAN and opening of bank and Demat accounts etc. The increase in aggregate FPI investment limit in Indian companies from 24% to the sectoral cap has been a catalyst for increase in weightage of Indian securities in major equity indices, thus mobilising massive equity inflows, both passive and active, into Indian capital markets. The grow
Updated:
April 06, 2021 13:21 IST
This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, says Finance Ministry
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The Finance Ministry on April 6, 2021, said India witnessed strong Foreign Portfolio Investment (FPI) inflows into the equity markets to the tune of ₹2,74,034 crore during 2020-21, despite the outbreak of COVID-19. Picture used for representational purpose only. | Photo Credit:
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This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, says Finance Ministry The Finance Ministry on Tuesday said India witnessed strong Foreign Portfolio Investment (FPI) inflows into the equity markets to the tune of ₹2,74,034 crore during 2020-21, despite the outbreak of COVID-19.
FPIs invest Rs 2.74 lakh crore in equity markets during FY 21
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FPIs invest Rs 2.74 lakh crore in equity markets during FY 21
PTI / Apr 6, 2021, 15:34 IST
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(Representative image)
NEW DELHI: The finance ministry on Tuesday said India witnessed strong foreign portfolio investment (FPI) inflows into the equity markets to the tune of Rs 2,74,034 crore during 2020-21, despite the outbreak of Covid-19.
This reflects steadfast confidence of foreign investors in the fundamentals of the Indian economy, the ministry said in a statement.
During the financial year 2020-21, only in April and September there were outflows of Rs 6,884 crore and Rs 7,783 crore respectively.