FPIs return with ₹14,610cr inflow after 3 months of selling
01 Nov 2025

Foreign Portfolio Investors (FPIs) have made a net purchase of equities worth ₹14,610 crore in October.

This marks the end of three months of continuous selling and is the highest inflow since July this year.

The development comes as a relief for the Indian stock market, as FPIs have sold Indian equities worth ₹1.39 lakh crore until October 31, recording the worst performance in three years.

Debt securities bought by FPIs
Debt purchases

Despite the recent sales, October 2025 has outperformed the same month last year when FPIs sold a record ₹94,017 crore.

In addition to equities, FPIs bought debt securities worth ₹3,507 crore in October. This marks the third consecutive month of such purchases.

Sunil Jain, Vice-President at Elara Capital, noted that "the pressure on India dedicated flows continues to be from Long-only funds," which have witnessed significant outflows recently.

Key sources of outflows from India-focused portfolios
Outflow sources

Jain further highlighted that "Luxembourg-domiciled funds have emerged as the key source of recent outflows from India-focused portfolios."

He added that while US fund redemptions have eased in the past two months, Japan continues to be a persistent source of selling since November 2024.

This highlights the complex dynamics of global investment patterns and their impact on India's financial markets.