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FII equity play returned Rs 5,776 crore in 10 years

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Kishor Kadam Mumbai
Last Updated : Feb 26 2013 | 1:25 AM IST
 The appreciation in value of investments is the difference between the current value of their equity holdings and net cumulative value of their investment in the domestic equity markets since 1994.

 The Securities and Exchange Board of India (Sebi) compiles cumulative data on FII investments, both in dollar and in rupee terms. These numbers can be seen as the book value of investments and their market value on a particular date.

 Data sourced from Sebi shows FIIs invested a net amount of Rs 67,132 crore between January 1993 and July 2003. This is the cumulative net value of their investments taking exchange rate movements into account.

 Based on the current equity holdings in companies, according to data sourced from the Bombay Stock Exchange (BSE) website, the market value of FII investments as on August 1, aggregated at Rs 72,908 crore. This means FII investments have appreciated by Rs 5,776 crore in the last 10 years.

 The FIIs have been back in action again in the current year by recording net investments of Rs 8,522 crore during the first seven months of calendar 2003. In the last three months of 2003, FIIs had made net investments of Rs 6,248 crore. They bought shares worth Rs 1,208 crore in May, Rs 2,612 crore in June and Rs 2,428 crore in July.

 It is only after 2001 that FIIs have been so active in Indian equities. In 2001, FII investment was at an all-time high of Rs 12,820 crore. In the last ten years, the FIIs were net sellers only once, in 1998, when they sold stocks worth Rs 728 crore on a net basis.

 As of August 1, the market value of FIIs

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First Published: Aug 05 2003 | 12:00 AM IST

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