Sensex, Nifty, stockbrokers
Foreign portfolio investors invested heavily in financial and industrial stocks in December 2023, followed by consumer durables and IT stocks, data analyzed by Kotak Institutional Equities showed. In the calendar year 2023, the financial sector saw a net FPI flow of $6,012 million and industrial stocks saw a flow of $7,127 million.
Land Allocations. Allocations to China and India make up 45% of the average fund portfolio in Asia ex-Japan. Allocations of funds from Asia ex Japan to India rose to 19.2% in December from 18.7% in November, while allocations of Global Emerging Market (GEM) funds to India rose sharply from 16.6% in November to 17.5% in December.
The largest amount of FPI AUC comes from US-based investors
FPI AUC of top five countries investing in India, end of March, 2020-2024 (US$ billion)
Asia ex-Japan non-ETF allocations to India rose to 19.7% in December from 19.2% in November; allocations to India by GEM non-ETFs rose to 15.9% in December from 15.1% in November, according to the Kotak report.
Fund allocations to India by GEM funds rose sharply from 16.6% in November to 17.5% in December
Exchange-traded funds witnessed $2 billion inflows in December 2023, led entirely by ETF inflows. India-dedicated funds witnessed $3.1 billion inflows, split into $2 billion in ETF inflows and $1.1 billion in non-ETF inflows, while GEM funds saw outflows of $247 million.
India EPFR fund flows and AUM split into different geofocus funds and investment styles (ETF/non-ETF)
Disclosure: Entities controlled by the Kotak family have a significant stake in Business Standard Pvt Ltd
First print: January 25, 2024 | 11:03 am IST