December FPI inflow at record high of Rs 62,016 cr

MUMBAI: As foreign portfolio investments (FPI) surged amid the pandemic, December 2020 recorded the highest-ever monthly inflow of FPIs at Rs 62,016 crore.

FPI inflows into Indian equities surpassed the previous high of Rs 60,358 crore recorded in November 2020. This was the third consecutive month of net inflows.

The year 2020 also recorded the highest-ever yearly net inflow of FPIs into equities at over Rs 1.70 lakh crore.

The foreign investments into equities came on the back of excess liquidity due to stimulus measures globally, weak dollar, and low valuation of stocks.

In terms of purchase, FPIs initially preferred large cap stocks till October. Later on, they enlarged their purchases to include the mid and small cap segments, analysts said.

In terms of sectors, IT, pharma, banks, FMCG, metals, realty and oil & gas stocks were bought the most by FPIs in this year. (IANS)

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