Now Reading: PMS net inflows Rs 3.55 lakh crore, FPIs Rs 12,290 crore
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PMS net inflows Rs 3.55 lakh crore, FPIs Rs 12,290 crore
In the first week of August, foreign portfolio investors (FPIs) pumped in a net Rs 12,290 crore into Indian markets, with equities alone drawing Rs 12,921 crore, as per NSDL data. August…
The Story in Brief
In the first week of August, foreign portfolio investors (FPIs) pumped in a net Rs 12,290 crore into Indian markets, with equities alone drawing Rs 12,921 crore, as per NSDL data. August 5 saw the strongest single-session inflow of Rs 9,323 crore. FPIs also invested Rs 622 crore in debt under the general limit, but saw outflows from other debt routes. Separately, the portfolio management services (PMS) industry recorded net inflows of Rs 3.55 lakh crore in June, a sharp recovery from Rs 4,085 crore in May, according to the Association of Portfolio Managers in India. The industry's assets under management rose 1.8% to Rs 43.27 lakh crore, and the client base grew 4% to 2.20 lakh accounts. Domestic investors accounted for 95% of total AUM.
The Indian Opinion
The data sound like a return of the bulls, but the week had two days of net FPI outflows and the PMS industry saw gross outflows of Rs 3.69 lakh crore in June. The narrative of a steady FPI comeback ignores the daily swings. The real test will be whether FPI buying holds through August and whether PMS discretionary mandates can sustain monthly inflows above Rs 1 lakh crore.
Sources (2): thehindubusinessline.com, thehindubusinessline.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
