FPIs invest Rs 1,210 cr in Indian markets in first 5 trading sessions of Aug

FPIs invest Rs 1,210 cr in Indian markets in first 5 trading sessions of Aug

New Delhi: Overseas investors were net buyers to the tune of Rs 1,210 crore in Indian markets in the first five trading sessions of August on the back of domestic factors. In equities, they invested Rs 975 crore during August 2-6, as per depositories data. In the debt segment, foreign portfolio investors (FPIs) pumped in … Read more

FPIs pull out Rs 5,689 cr from Indian equities in July so far

FPIs pull out Rs 5,689 cr from Indian equities in July so far

New Delhi: Foreign portfolio investors (FPIs) offloaded Indian equities to the tune of over Rs 5,689 crore in July so far as they continued to adopt a cautious stance in view of various domestic and global factors. During July 1-23, FPIs took out Rs 5,689.23 crore from equities, as per depositories data. During this period, … Read more

FPIs seek tax clarity on variable capital companies in financial centres

FPIs seek tax clarity on variable capital companies in financial centres

Foreign portfolio investors (FPIs) are seeking clarity over the tax implications of the recently proposed variable capital company (VCC) structures in financial centres such as Gujarat International Finance Tec-City (GIFT City). Among other benefits, the VCC structure allows funds some concession from short-term and long-term capital gains tax on returns on equities. The onus of … Read more

FPIs net sellers of Indian equities worth Rs 6,427 cr in May so far

FPIs net sellers of Indian equities worth Rs 6,427 cr in May so far

NEW DELHI: Foreign portfolio investors (FPIs) pulled out Rs 6,452 crore so far in May from Indian markets amid tumbling investor sentiment due to the second wave of the COVID-19 pandemic. As per depositories data, the overseas investors pulled out Rs 6,427 crore from equities and Rs 25 crore from the debt segment during May … Read more

MNC banks ask FPI managers not to sell NRI clients’ investments

MNC banks ask FPI managers not to sell NRI clients’ investments

Besides, an NRI controlled investment manager (or the asset management company) running an FPI must register itself as a ‘non-investing FPI’ with Sebi. Synopsis FPIs have to bring down the aggregate contribution of NRIs and OCIs (along with resident Indians) in a fund to below 50% by December 31, 2020. Also, contribution by an NRI/OCI … Read more

High quality cos are fastest & biggest wealth creators: Raamdeo Agrawal

High quality cos are fastest & biggest wealth creators: Raamdeo Agrawal

The better the quality of a company, the higher should be the holding period, said Raamdeo Agrawal, chairman of Motilal Oswal Financial Services. In an interview with ET, the veteran investor spoke on markets and various findings of the firm’s 25th annual wealth creation study scheduled to be released on Tuesday. Excerpts Your wealth-creation study … Read more

MFs selling spree continues; withdraw Rs 30,760-cr from equities in Nov

MFs selling spree continues; withdraw Rs 30,760-cr from equities in Nov

NEW DELHI: Continuing their selling spree for the sixth straight month, mutual funds pulled out Rs 30,760 crore from equities in November on profit booking and experts believe the outflow trend will continue unless there is correction in markets. With this, net withdrawal by mutual funds (MFs) has reached to over Rs 28,000 crore in … Read more

FPIs invest Rs 28,203 cr in Aug so far; turn net investor in debt after 5 months

FPIs invest Rs 28,203 cr in Aug so far; turn net investor in debt after 5 months

New Delhi: Foreign portfolio investors (FPIs) remained net investors in Indian markets in the first half of August, pumping in Rs 28,203 crore in debt and equities on net basis in the period, according to the depositories data. Also, FPIs turned net investors in the debt segment in August after a gap of five months. … Read more