Business

Sticky overseas funds stay glued to Indian equities amid broader sell-off

By Dan Neff

The total equity AUM of FPIs fell 6% YoY to ₹41.3 lakh crore in June 2022.

Synopsis

The cumulative share of long-term funds that include sovereign wealth funds, central banks of other countries, pension funds, and funds owned by government entities in Indian equities stood at 24.12% in June 2022, a gain of around 100 basis points in the last one year and 200 bps higher than pre-Covid period, data from NSDL show. One basis point is 0.01%.

ET Intelligence Group: Despite relentless selling by most foreign funds, long-term foreign funds (called sticky funds in technical parlance) continue to repose their faith in Indian equities and their intensity of selling has been milder than overall fund outflows.

The cumulative share of long-term funds that include sovereign wealth funds, central banks of other countries, pension funds, and funds owned by government entities in Indian

BY

ET Bureau

3 mins read, Last Updated:

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Dan Neff