FPIs net buy ₹14,610 crore equities after 3 months of outflows

Foreign Portfolio Investors (FPIs) net bought equities worth ₹14,610 crore in October after three consecutive months of selling, the strongest inflow since July this year.

As of October 31, FPIs sold Indian equities worth ₹1.39 lakh crore, the worst number in three years. FPIs sold about ₹1.68 lakh crore in the 10-month period in calendar year (CY) 2022. The current year continues to be worse than CY2024, when global funds still net bought a marginal ₹6,593 crore. On a year-on-year basis however, October 2025, is better than the same month last year when FPIs sold a record ₹94,017 crore.

While FPIs’ equity buying was a marginal increase compared with the overall selling in the calendar year, they bought debt securities worth ₹3,507 crore in October, making it the third consecutive month of buying.

“The pressure on India dedicated flows continues to be from Long-only funds, which had seen a euphoric rise in flows and AUM in 2023-2024 period. This week, long-only funds saw outflows of $260 million while ETFs saw inflows of $98 million. Outflows from India dedicated Midcap funds expanded to $65 million, which is the highest weekly redemption seen since February 25,” said Sunil Jain, Vice-President at Elara Capital. “Luxembourg-domiciled funds have emerged as the key source of recent outflows from India-focused portfolios, even as U.S. fund redemptions have eased in the past two months. Japan remains a persistent source of selling since November 2024,” he said in his report.