Pension funds trim India bets, assets down nearly Rs 60,000 cr in 2022

China's reopening of the economy could be one factor for the trend, say analysts

Pension funds, among the largest long-term sources of foreign portfolio inflows, scaled back their India bets in 2022.

The value of their holdings has fallen by 13.3 per cent or Rs 57,242 crore, from Rs 4.3 trillion at the end of 2021 to Rs 3.7 trillion when December closed in 2022, shows an analysis of the depository data.

Overall equity investment by foreign portfolio investors (FPIs) in India dropped 0.5 per cent from Rs 48.6 trillion to Rs 48.3 trillion in the same period. The benchmark S&P BSE Sensex gained 4.4 per cent.

A large part of the outflows happened in the first