NEW DELHI, 12th August, 2024 (WAM) -- The United States accounts for the highest share of Foreign Portfolio Investors (FPIs) investing in India during the fiscal year 2023-24, highlights a report by the Securities and Exchange Board of India (SEBI), the market regulator.
Asian News International (ANI) quoted the SEBI report as saying on Monday that as of 31st March, 2024, the total number of registered FPIs in India reached 11,219. This marks a slight increase from the previous year, where the number stood at 11,081. Out of the total registered FPIs, the United States led with 3,457 investors, followed by Luxembourg with 1,393 and Canada with 804.
The report provided a detailed analysis of the country-wise distribution of FPIs, including their Assets Under Custody (AUC). The AUC refers to the total value of assets managed by these FPIs and held under the custody of custodians.
The report also revealed that equity assets made up 92.2 percent of the total AUC. The highest contributions to these equity assets came from the USA, which accounted for 39.2 percent of the total, followed by Singapore at 9.8 per cent, and Luxembourg at 7.1 per cent. This robust growth in AUC, particularly in equity assets, reflects the increasing interest and confidence of foreign investors in India's financial markets.
The SEBI report also revealed that the Foreign Portfolio Investment (FPI) in India during 2023-24 was the highest since 1992-93. It added that Foreign Portfolio Investment and foreign venture capital investment are crucial for emerging economies such as India. FY 2023-24 was an exceptional year for India in terms of foreign portfolio investment flows.