 "Illustration by Binay Sinha")
The investment value of top foreign portfolio investors (FPIs) saw a modest increase last year, amid sustained volatility and acute polarisation of Indian equities. The holding of the top 20 FPIs in Indian shares stood at Rs 4.08 trillion as on March 31, 2019, up 14 per cent over the same period last year, according to data from Prime Database. The data has taken into account funds that own more than 1 per cent in Indian stocks.
The investors whose holdings have risen include a number of sovereign wealth funds such as the Government of Singapore, Abu Dhabi Investment Authority, Canada
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