FPIs' India frenzy is now at a nine-year peak
At ₹2.68 trillion, foreign portfolio investment is just ₹9,625 crore away from 2014-15’s record net inflows of ₹2.77 trillion. Key Points
mintRs 29000 crore bite! Apple pie of FPIs on D-Street gets biggest share in December
Foreign portfolio investors (FPIs) bought Indian equities worth Rs 1.77 lakh crore in 2023, the highest-ever by them in history, in rupee terms. Key Points
Economic TimesRs 1.76 lakh crore bet! India sees highest-ever FPI inflows in rupee terms in 2023
In December, FPIs bought shares worth more than Rs 58,498 crore, the highest purchase by them in a month since November 2020. In November 2020, they had bought shares worth Rs 70,896 crore. Key Points
Economic TimesGoldman Sachs cuts India's CAD forecast, sees improving external balances
Goldman Sachs has revised India's 2024 current account deficit projection to 1.3% of GDP from 1.9%. Optimistic about external balances, the bank expects services exports to perform well, forecasts lower crude oil prices at $81 per barrel, and foresees strong capital flows with potential inclusion in the JP Morgan bond index. Key Points
Economic TimesFresh inflows of NRI deposits double in April-October
Relatively higher interest rates happen to be one of the driving factors, said Madan Sabnavis, chief economist, Bank of Baroda. FCNR(B) returns offered by the State Bank of India were more than 5%, compared with less than 3% returns offered by American Banks. Key Points
Economic Times
$5 billion-bet! FIIs chased these 7 sectors in June; will dollar-shower continue on D-Street?
The Nifty Auto index has rallied more than 3000 points in four months and scaled a record high of 15,471 points on Thursday. The sector has seen foreign inflows for six months in a row till June. Key Points
Economic TimesIndian rupee marks weekly gains on FII inflows; traders might see profit-booking at 83 level
The Indian rupee recorded its first weekly gain in three weeks due to rallies in domestic equities and foreign fund inflows. The rupee's strength is expected to be supported by month-end dollar inflows, central bank intervention, and lower crude oil prices. Key Points
Financialexpress$1.7 billion-bet! FII dollars chased these 5 sectors in April, will the trend continue?
Foreign institutional investors (FIIs) have increased their purchases of shares in India, leading to a revival of the Indian stock market and making it one of the best performing emerging markets. In April alone, FIIs purchased INR11,630 crore ($1.7bn) of shares, compared with INR7,935 crore the previous month. This was based on a series of factors including easing inflation both in India and the US, the Reserve Bank of India's decision to pause rate hikes, and a good set of March quarter earnings. Financial services, automobiles and fast-moving consumer goods were among the top sectors receiving investment. Key Points
Economic TimesHigh rates, chip crunch hit FDI; FY24 outlook strong
However, a large number of FDI proposals are in the pipeline , which means such inflows are going to be higher in fiscal 2024 than this fiscal year, one of the officials said. Many of these proposals pertain to sectors that are covered under production-linked incentive (PLI) schemes, such as electronics, pharmaceuticals and renewables, the official said, adding that inflows into sectors offering PLI schemes continued to be good this fiscal year as well. Key Points
Economic TimesFDI inflows decline 13 pc to $ 32 billion in Apr-Dec 2023
Foreign direct investment (FDI) inflows in India declined 13 per cent to $ 32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data. Key Points
Business Today
Retail investor puzzled by mkt volatility? SIP flows slow down but stay above Rs 13K cr in Feb
“Though markets remain volatile, retail investors seem to be more attracted towards mutual funds..Valuations in small caps have reached an attractive level and the same has been reflected in a better inflow of Rs 2,246 crores in the segment,” Kumar, head of investment advisory at Geojit Financial said. Key Points
Economic TimesWill it be a good year for Indian rupee? Here’s what Goldman Sachs says
Despite an optimistic forecast, Goldman Sachs suggested that the Indian currency may lag behind its Asian counterparts due to the RBI's active stance in managing inflows. Read to find out what the global brokerage said about the INR's run in 2024. Key Points
India TodayFlows into AI funds wane as US rate worries weigh
Inflows into exchange-traded funds (ETFs) tracking artificial intelligence (AI) companies have ebbed after their sharp run-up earlier this year, as investors fear persistently high U.S. interest rates will hurt company valuations. Key Points
ReutersOver $5 billion in 15 days! FIIs post record fortnightly buying in Indian equities
Lower U.S. bond yields on expectation of interest rate cuts by the Federal Reserve, the Reserve Bank of India raising India's growth forecast, and state election results setting the stage for policy continuity in 2024 have spurred buying, analysts said. Key Points
Economic Timesinflows into India-linked ETFs set to smash 2014 record
By Bansari Mayur Kamdar (Reuters) - inflows into U.S.-listed exchange traded funds (ETFs) tracking Indian stocks were set for their best year on record, as the country's consistent economic growth and Key Points
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India equity mutual fund inflows halve in May; SIP contributions hit record, industry data show
Inflows into Indian equity mutual funds halved sequentially to 32.4 billion rupees in May, the lowest since November 2022, data from the Association of Mutual Funds in India (AMFI) showed on Friday. Key Points
ReutersFDI equity inflows contract 22% in FY23
India's foreign direct equity investments during fiscal year 2022-23 were $46.03 billion, down 21.67% from the previous year, according to the Department for Promotion of Industry and Internal Trade. In the January-March quarter, inflows were $9.28 billion, or 41% lower than the corresponding period previously. Total FDI inflows, including additional equity investments, reinvested earnings and other capital, contracted 29.6% to $15.49 billion in the fiscal fourth quarter. Singapore was the leading investor followed by Mauritius and the US. Key Points
Economic TimesFDI inflows decline 13 pc to USD 32 billion in Apr-Dec 2023
New Delhi, Feb 29 (PTI) Foreign direct investment (FDI) inflows in India declined 13 per cent to USD 32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data. FDI inflows stood at USD 36.74 billion during the corresponding nine […] Key Points
ThePrintETMarkets Fund Manager Talk: This fund manager sees macro economic stability as main driver of capital flo
Sumit Agrawal says: After a long time, we are seeing an uptick in capex, capabilities build up and good visibility on industrial growth. Continued traction in government capex, with some pick up in the private sector as well, along with a consumption pick up sometime in the middle of next year would lead to continued growth surprises in 2024. I remain quite optimistic for India in 2024. Key Points
Economic TimesFDI inflows down 34 per cent year-on-year in April-June FY24
FDI inflows were $16.59 billion during April-June 2022-23, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed. Total FDI inflows- including fresh FDI equity inflows, reinvested earnings and other capital- were $17.56 billion as against $22.34 billion a year ago. Key Points
Economic Times
AMFI Highlights: 6 takeaways for D-Street investors from September MF data
Smallcap funds, the category that has seen consistently strong inflows in the past few months, saw a slowdown in September. The category saw net inflows of Rs 2,678 crore in September, compared to Rs 4,265 crore in August. Largecap funds saw outflows of Rs 111 crore in September, compared to outflows of Rs 349 crore in August. Key Points
Economic TimesETMarkets Fund Manager Talk: Limited inflows into midcap scheme via SIPs, deferred smallcap fund launch: W
Whiteoak Capital limits midcap scheme inflows and defers smallcap fund launch. Rally driven by earnings resurgence. SEBI restricts overseas ETF inflows. India's market outlook remains strong with potential for alpha generation. Pant says: From a prudent risk management perspective, we continue to stay fully invested at all times with a bottom-up approach to investing in great businesses at attractive valuations. Key Points
Economic TimesSIP inflows hit all-time high in March, cross Rs 14,000 crore mark for first time
Almost all the categories in the equity segment witnessed positive inflows. Largecap schemes, which have struggled to generate alpha and beat the benchmark in the past year, saw muted inflows worth Rs 911 crore. According to a report by S&P Dow Jones Indices, in the year 2022, over 88% of Indian equity largecap equity mutual funds have underperformed the benchmarks. Key Points
Economic TimesFDI equity inflows dip 24 pc to USD 20.48 bn in Apr-Sep 2023
New Delhi, Nov 21 (PTI) Foreign direct investment (FDI) equity inflows in India declined 24 per cent to USD 20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at USD 26.91 billion during the first six months of the […] Key Points
ThePrintFPI buying nosedives 94% week-on-week; are dollars taking a “U” turn on Dalal Street?
Foreign portfolio investors' (FPIs) buying spree in Indian equities appears to be losing steam, with net investments of just Rs 468 crore in domestic markets last week, compared to Rs 7,804 crore in the preceding week. The benchmarks Sensex and Nifty 50 witnessed their first weekly loss in five weeks as investors took partial profits. However, inflows from FPIs were positive for the fourth consecutive month, with over $4bn invested in July, lower than June's over $6bn inflows. Key Points
Economic Times
ETMarkets Fund Manager Talk: Capex investment likely to be enhanced in Budget 2024: Vinay Jaising, JM Fina
Vinay Jaising says: Capex investments have grown 5.6x in the last decade and now account for 3.3% of the GDP (not including PSU spend or state spend). In absolute terms, we expect over 30% growth YoY in capex expenditure by the government. Rural investments, which were a bit lower in the last two years, should get a fillip as well in both the budgets of at least 10% YoY. Key Points
Economic TimesExpected downward shift in yield curve warrants higher allocation towards bonds: Motilal Oswal Private Wea
The current inclusion of India into the JPMorgan bond index is likely to put a cap on yields in the medium to short term and will also ease out once we start receiving inflows. Softening in government bond yields across tenures could lead to a downward shift in Indias yield curve, aided by expectations of a shallow rate cut of 50-75 bps starting from Q2 FY25. Key Points
Economic TimesAnand Rathi management met yearly target in 6 months & revised guidance upwards. Here’s how
Anand Rathi, chairman of Anand Rathi Group says that their equity mutual fund has seen increased inflows, accounting for 50% of their AUM. Despite market outflows, they have had positive inflows in mutual funds, and they expect continuous inflows. Rakesh Rawal, CEO of Anand Rathi Wealth, mentions that they have achieved their FY24 AUM guidance of Rs 47,000 crore in the first half and have set a revised target of Rs 51,000 crore. They have also revised their profitability target to Rs 220 crore and their revenue target to Rs 720 crore. Key Points
Economic TimesFDI equity inflows dip 34% to $10.94 bn in April-June
Foreign direct investment (FDI) into India dipped by 34 per cent to $10.94 billion during April-June period this fiscal year, according to the Department for Promotion of Industry and Internal Trade (DPIIT). FDI inflows stood at $16.59 billion during April-June 2022-23, the data from DPIIT showed. Key Points
Economic TimesRupee heads for best monthly performance since Jan on portfolio inflows
The Indian rupee was poised for its biggest monthly advance versus the U.S. dollar since January, aided by persistent foreign equity inflows. Key Points
Reuters
FDI shrinks 7.8% in second quarter of FY24
Foreign direct investment (FDI) equity inflows in India declined 7.7% to $9.5 billion in the July-September quarter of FY24, down from $10.3 billion a year ago. The total FDI inflows declined 7.8% to $15.3 billion in the second quarter of this fiscal year. Singapore and Mauritius were the top sources of FDI. Key Points
Economic TimesAMFI Data: Equity mutual fund inflows surge 28% MoM in January to near Rs 22,000 crore-mark
The sectoral/thematic funds again managed to gain investors interest as the category saw the highest inflows to the tune of Rs 4,804.69 crore in January compared to Rs 6,005.49 crore in December. Smallcap funds witnessed the second-highest inflows of Rs 3,256.98 crore. Key Points
Economic TimesFDI equity inflows dip 22 pc to USD 46 bn in 2022-23
However, the inflows have recorded growth in sectors including services (USD 8.7 billion), trading (USD 4.8 billion), telecommunications (USD 713 million), pharma (USD 8.7 billion), 2 billion), and chemicals (USD 1.85 billion). State-wise, though Maharashtra received the highest inflows of USD 14.8 billion during the last financial year, the inflows are down as compared to USD 15.44 billion in 2021-22. Key Points
Economic TimesIndian rupee may rise to 81/USD by 2024 end amid robust inflow hopes - Goldman Sachs
MUMBAI (Reuters) - The Indian rupee is likely to appreciate to 81 against the U.S. dollar over the next 12 months amid expectations of heavy foreign capital inflows, Goldman Sachs said in a note on Key Points
ThePrintRupee rises 10 paise to 82.21 against U.S. dollar on FII inflows
The rupee appreciated by 10 paise to 82.21 against the U.S. dollar on May 16, 2023, as the American currency retreated from its elevated levels. Key Points
The Hindu
Rs 40 lakh crore poured into FY23 as Indian retail investors continued equity SIPs undeterred
SIP contributions touched a new high reaching Rs 14,276 crore in March. The SIP AUM stood at Rs 6.83 trillion in March, compared to Rs 6.74 trillion in February. Key Points
FinancialexpressStrategic investment targets initiative: DPIIT identifies 106 companies across sectors from 30 countries
The Department for Promotion of Industry and Internal Trade (DPIIT) has identified 106 firms from 30 countries to target as part of an initiative aimed at promoting investment in India. The outreach includes engagement with people of Indian origin and investment roadshows in countries including the US, Canada, the UAE and Japan. Key Points
Economic Times'Equity mutual fund inflows moderate to five-month low in April'
Inflows into Indian equity mutual funds fell 68% to INR 64.8bn ($876.7m) in April, the lowest level since November 2020, according to data from the As Key Points
Times Of IndiaIndia negotiating bilateral investment treaties with different countries: FM Nirmala Sitharaman
India is negotiating bilateral investment treaties with different countries with a view to promote foreign inflows, Finance Minister Nirmala Sitharaman said on Thursday. She said that foreign direct investment (FDI) has doubled during 2014-23 to USD 596 billion compared to the inflow received during 2005-14. Key Points
Economic TimesCAD widens, more pain ahead
While imports face upside pressures, exports may continue to underperform amid subdued global growth dynamics. Resilient domestic economic growth, nascent recovery in capex cycle and festival spending should drive import demand. Key Points
mint
Equity mutual fund inflows increase by 23% in February to Rs 26,866 crore, smallcaps record decline
The sectoral/thematic funds have continued to gain traction in February witnessing an increase in AUM by 134%. The category witnessed the highest inflows of Rs 11,262.72 crore in February, compared to Rs 4,804.69 crore in January. Large and midcap funds managed to gain investors interest with second highest inflow of Rs 3,156.64 crore. Key Points
Economic TimesMutual fund inflows swell 125% in 2023, AUM headed towards Rs 100 lakh crore in few years: ICRA
The net inflows into the mutual fund industry were to the tune of Rs 25,616 crore in November 2023, up from Rs 11,373 crore in January this year. On a year-on-year basis, net inflows surged by 93% compared with Rs 13,264 crore in November 2022, it said. The net AUM (assets under management) stood at around Rs 49.05 lakh crore as of November 30, 2023, up from Rs 39.62 lakh crore as of January 31, 2023. Key Points
Economic TimesElara Capital suggests moving back to financials from IT, gradually – here's why
Even though the Nifty IT index has outperformed the Bank Nifty this year so far, brokerage house Elara Capital suggests moving back to financials from IT, gradually. In the note, the brokerage mentioned that the relative flow momentum in financials versus IT is at multi-year support. Key Points
mintSharp decline in FDI into India from Cayman Islands, Cyprus during April-Sep
For Cayman Islands, Kumar said that in October this year, the region was removed from the grey list by FATF (Financial Action Task Force) and this may result into positive FDI flow from Cayman Islands in coming times. FDI into India declined 24 per cent to USD 20.48 billion in April-September 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma. Key Points
Economic TimesBHEL’s Q1 order inflows robust but earnings are unpredictable
In Q1, BHEL’s order inflows jumped to ₹15,600 crore to ₹15,600 crore. This gave a fillip to the order book, which stood at ₹1.01 trillion as on 30 June Key Points
mint
Delhi, Bengaluru outpace Mumbai in global real-estate investment inflows: report
Institutional investments in Indian real estate reached $1.7bn in Q1 2023, with the office sector accounting for 55% of inflows, according to a report by Colliers India. Global investors took a 76% share of investments, but domestic money in property grew fourfold YoY. The retail sector saw no investment, while mixed-use assets fell 80%. However, life sciences, senior housing and student accommodation all grew by almost 300%. Bengaluru and Delhi-NCR attracted one-third of the total investments, while Mumbai's share fell 86% YoY, with just a 2% share compared to Delhi-NCR's 23% and Bengaluru's 12%. | Mumbai news Key Points
Hindustan TimesForeign investment flow slows, but surging services exports may lead to current account surplus in Q4
The foreign direct investment (FDI) inflows dipped nearly 13% this fiscal till January, mirroring the negative sentiment in the global investment climate, while foreign institutional investors (FII) have sold equities worth $6.1 billion in the same period on net basis, Reserve Bank of India data showed. Key Points
Economic TimesEquity Mutual Fund inflows Jump 25% In February To Highest In Nine Months: AMFI Data
Net investments in equity and equity-linked schemes increased 25% from the previous month to Rs 15,685.57 crore. Key Points
BQ PrimeETMarkets AIF Talk: See debt AIFs becoming a core allocation for HNIs in 2024: Vivriti Asset Management
We are also underweight on lending based on event risks such as IPOs/PE equity infusion etc. So, you will typically not see start-ups/bridge to equity etc be any significant part of our portfolios. The converse to this is partly true too – we are constructive on industries catering to domestic demand and those which benefit from government-led capex allocations. Key Points
Economic TimesEquity Mutual Fund inflows Decline 68% In April To Lowest In Four Months
Net investments in equity and equity-linked schemes fell more than 68% to Rs 6,480.3 crore in April, according to AMFI. Key Points
BQ Prime
Markets rebound in early trade on rally in global equities, foreign fund inflows
Buying in IT stocks also adds to the positive trend in equities. Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets... Key Points
The Tribune IndiaJPMorgan sees foreign investors flocking to Indian stocks after elections
Rajiv Batra of JPMorgan Chase & Co, says global funds positioning in Indias $4.3 trillion stock market remains light and investors will use any correction as an opportunity to increase holdings. His views come as overseas flows have become more volatile ahead of the national vote amid concerns over stretched valuations. Key Points
Economic TimesRupee flat, far forward premiums extend decline to 2-1/2-month low
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee was largely flat on Wednesday as sustained dollar inflows helped ease the pressure from weakness in most Asian currencies. The rupee was at 82.90 Key Points
ThePrintMSCI announcement tomorrow: $1 billion inflow expected, 5 PSU stocks in focus
The MSCI inclusion can lead to about $ 186 million inflows in NMDC, $180 million in PNB, $156 million in BHEL, $140 million in Union Bank, and $223 million in NHPC. IREDA, Mamaearth, RR Kabel, SpiceJet, Inox Wind, Balmer Lawrie, Ethos, MSTC, and DB Realty, among others can get included in the MSCI Smallcap Index. Key Points
Economic Times