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India-dedicated funds stanch FPI sell-off in September, shows data

If not for inflows from India-dedicated funds, the FPI outflow tally in September would have crossed $2 billion.

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The total outflows from funds tracked by EPFR Global, a data provider, stood at $1.33 billion.

2 min read Last Updated : Oct 27 2022 | 11:26 PM IST

India-dedicated funds saw inflows of $416 million in September, helping mitigate selling pressure from foreign portfolio investors (FPIs).

Conversely, funds investing in global emerging markets (GEMs) and other funds (which include those investing in Asia — excluding Japan and global markets) pulled out $1,274 million and $472 million, respectively.

The total outflows from funds tracked by EPFR Global, a data provider, stood at $1.33 billion. Such funds accounted for a bulk of selling pressure from overseas investors the domestic markets witnessed in September.

According to the National Securities Depository (NSDL), total foreign portfolio investor (FPI) outflows from the domestic

Topics : India-dedicated funds Foreign Portfolio Investors Emerging markets FPI outflow Central Depository Services FPI inflows Insurance assets under management

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