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Global funds sour on India stocks as some cut allocation to zero
Global investors are reducing Indian equity exposure due to a lack of AI investment themes. Foreign portfolio ownership has fallen to a seventeen-year low as funds exit the market.
- Global funds cutting India stock allocations to zero
- Lack of AI theme and poor corporate earnings cited
- Foreign portfolio ownership hits 17-year low
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Global funds turn wary of Indian stocks as AI boom draws money elsewhere
India's appeal to global fund managers is weakening amid muted corporate earnings and the lack of a major AI investment theme, pushing foreign ownership of NSE-listed companies to a 17-year low