FPIs turned net buyers in both equity and debt in April, investing ₹11,631 crore in Indian equities and ₹806 crore in the debt market, as per NSDL data.
The Covid-19 pandemic failed to affect the bulls’ spirits, as benchmark indices saw absolute annual gains between 75.2% and 117.2% while FPIs pumped in a record ₹2.74 lakh crore into equities.
In the five years since 2016, FPIs recorded their second worst performance on total flows in the nine months ended September 2020, with debt flows recording their worst show of five years.
