Net investments by foreign portfolio investors (FPIs) into Indian equities stood at Rs 93,636 crore during the first one-year period since the NDA government took charge on May 26, 2014. The same for debt markets was at Rs 1,58,165 crore, taking the total to Rs 2,51,801 crore, data from the Securities and Exchange Board of India (Sebi) showed.
Market analysts believe that FPIs have been betting on the Indian market mainly on account of reforms measures initiated by the central government.
"After the change of the government at the Centre in May last year, there has been a significant change in sentiment and outlook towards India. Most foreign investors are finding India to be a far better choice that can generate returns in both short and long term," Axis Mutual Fund managing director and CEO Chandresh Nigam said.
Overseas investors remained bullish on the Indian markets throughout first year of the Modi government, barring the month of May 2015.
However, experts are bullish on FPIs inflow in the Indian capital markets in the long term.
FPIs, the main driver of the equity market, have helped the benchmark BSE Sensex gain by 2,950 points or over 15 per cent in the last one year.
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