FPI gross buys, AUM hit all-time records in June

ET Intelligence Group: Foreign portfolio investors (FIP) are increasing their stakes in Indian equities on expectations of policy continuity and the relatively lower weight they have assigned to India among emerging markets. Gross FPI purchases reached a record high in June at ₹4.79 lakh crore ($57.48 billion), as per NSDL data. This figure is nearly double the monthly average of ₹2.32 lakh crore for the past two years. This is also only the