HDFC AMC CEO Navneet Munot said on Friday that foreign portfolio investors (FPIs) will eventually return as net buyers of Indian equities, citing strong long-term economic fundamentals despite months of sustained selling. He attributed the outflows to elevated global interest rates, high crude oil prices and concerns over emerging market investments, while noting that foreign investors still take part in select IPOs. According to NSDL data, FPIs withdrew Rs 44,166 crore in October up to October 11, pushing total 2026 outflows above Rs 3 lakh crore. Domestic institutional investors remain an important source of support. The same day, HDFC Mutual Fund listed its FTSE India Equity ETF on the NSE, tracking an index of 272 large- and mid-cap stocks.
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- FPIs will return to Indian equities despite sustained outflows : HDFC AMC CEO
HDFC AMC CEO Navneet Munot said foreign portfolio investors (FPIs) will eventually return as net buyers of Indian equities, as the country's long-term fundamentals remain intact despite sustained selling. FPIs have withdrawn Rs 44,166 crore from Indian equities from the start of October through October 11, pushing their 2026 outflows above Rs 3 lakh crore according to NSDL data, amid high global interest rates, elevated crude oil prices and emerging-market concerns. Munot noted that foreign investors still show interest in select opportunities, including IPOs. Meanwhile, HDFC Mutual Fund listed its FTSE India Equity ETF on the NSE, tracking an index of 272 stocks that provides diversified exposure to large- and mid-cap Indian companies.
- FPIs will return to Indian equities despite sustained outflows : HDFC AMC CEO
Navneet Munot, Managing Director and CEO of HDFC Asset Management Company, said foreign portfolio investors (FPIs) will eventually return as net buyers of Indian equities despite sustained selling, because the country's long-term fundamentals remain intact. According to NSDL data, foreign investors withdrew Rs 44,166 crore from Indian equities in October up to October 11, taking total 2026 outflows above Rs 3 lakh crore. Munot noted that foreign investors have still participated in several IPOs. On the same day, HDFC Mutual Fund listed its HDFC FTSE India Equity ETF on the NSE, tracking the FTSE India Equity Index of 272 large- and mid-cap stocks.
- FPIs will return to Indian equities despite sustained outflows : HDFC AMC CEO
- FPIs will return to Indian equities despite sustained outflows : HDFC AMC CEO
- FPIs will return to Indian equities despite sustained outflows : HDFC AMC CEO
- FPIs hit the sell button again : Rs 3 . 12 lakh crore exits Indian equities in 2026
Foreign portfolio investors have pulled Rs 52,100 crore from Indian equities so far in October, taking 2026 withdrawals to Rs 3.12 lakh crore, far above the Rs 1.66 lakh crore withdrawn in all of 2025. The October selling follows Rs 35,861 crore of outflows in September and is attributed to high crude prices, elevated US bond yields, a stronger dollar and the AI-led rally in North Asian markets. FPIs made a marginal net purchase on October 16, which analyst V K Vijayakumar says may be tactical, helped by the US 10-year yield easing to 5.08% and a firmer rupee. Selling concentrated in financial services and oil-related stocks, while consumer services attracted inflows. In the debt market, FPIs withdrew Rs 1,620 crore via the FAR route and Rs 772 crore via the VRR route in September, while the general route saw Rs 3,387 crore of investment.
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