Foreign portfolio investors (FPI) sold stocks in the healthcare and IT sectors in March, showed a report by Kotak Institutional Equities.
Stocks worth $223 million were sold last month by the foreign investors in the healthcare segment, while FPIs pulled out net investments worth $330 million in March from IT stocks, showed the ‘Foreign fund-flow tracker, April, 2021’.
The largest quantum of FPI AUC (assets under custody) came from US-based investors, followed by those from Mauritius and Singapore.
Fund allocations to India by global emerging market (GEM) funds increased to 10.6 per cent in March from 10.2 per cent in February.