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India’s foreign-capital problem is no longer just an equity-market story. Foreign portfolio investors (FPIs) have withdrawn nearly ₹2.60 trillion ($30 | Bitget crypto news!
Parag Parikh Flexi Cap Fund’s September portfolio shows a clear shift in select existing holdings, even as the fund exited only one stock. DLF saw the biggest increase, while major names continued to dominate the portfolio. What changed in the mutual fund’s latest portfolio?
FIIs sold Rs 13,147 crore worth of financial services stocks in September, accounting for more than a third of their total equity outflow during the month. Banks and financials have remained the biggest target of foreign selling this year, with FIIs offloading Rs 1.15 lakh crore from the sector so far.