Top FPIs ride out storm, outrun Nifty & Sensex in Q1
During the June quarter, leading international funds encountered remarkable gains within Indian equities, significantly boosting their reported portfolio values. This strong performance exceeded that of key Indian stock market indices, primarily driven by astute investments in mid- and small-cap companies, reinforcing India's reputation as a promising landscape for discerning stock pickers.
Mumbai: Foreign investors, such as Goldman Sachs and Capital Group, outperformed the Sensex and Nifty during the June quarter, despite the global uncertainty caused by the Iran crisis. A study by Prime Database revealed that 75% of the top 20 foreign portfolio investors (FPIs) experienced a value increase of between 10% and 37% in India, surpassing the gains from the leading indices.
While the market's resilience amid volatile oil prices and surging global shipping rates is notable, India's reputation as a stock picker's market is gaining traction. A combination of stock gains and fresh buying, along with successful stock selection, contributed to the notable performance of certain funds and portfolios. Notable FPIs, including Capital Group, INQ Holdings LLC, Fidelity, IFC Emerging Asia Fund, and Goldman Sachs, were among the winners.
In contrast, broader market indices like the Sensex (6.3%) and Nifty (6.8%) saw gains, while Asian counterparts like China (22.2%), Taiwan (46.3%), and South Korea (64.24%) experienced more significant growth.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
