Goldman Sachs’ India Portfolio; 10 stocks rally up to 130% in CY26
Despite the overall decline, 10 stocks delivered gains ranging from 20% to 130% during the period. CMR Green Technologies was a newly added stock to the portfolio during the June 2026 quarter
Global funds are pulling their investments out of India's stock market, with some reducing their holdings to zero, according to recent reports. Gerald Gan, the chief investment officer at Reed Capital Partners, cited the lack of an artificial-intelligence investment theme and poor corporate earnings as reasons for his decision to exit India's market.
This move follows a trend of skepticism among global money managers, who are abandoning India in favor of AI-focused investments in South Korea and Taiwan. Foreign portfolio ownership of Indian companies listed on the National Stock Exchange of India Ltd. has hit a 17-year low. Despite India's high economic growth rate and Prime Minister Narendra Modi's infrastructure projects, these factors no longer hold the same allure as they once did.
The NSE Nifty 50 Index, which represents India's stock market, is trading at a 77% valuation premium compared to the MSCI's emerging-market benchmark, making it less attractive to foreign investors. As a result, about $25 billion in net investments has been pulled out of India this year, with many fund managers shifting their focus to tech-heavy markets in Taiwan and South Korea.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Global funds sour on India stocks as some cut allocation to zero economictimes.indiatimes.com
