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    FPIs stay focussed on India’s consumption theme despite market volatility

    Synopsis

    FPIs heavily invest in India's consumption sectors like auto, FMCG, and telecom. Auto sector leads with 7% weight due to premiumization growth. Stable rural MPCE CAGR at 9.2% indicates long-term consumption trends. The assets under management (AUM) of the consumption stocks in the FPI portfolio rose by 55% to $176 billion over the past 12 months.

    ET Intelligence Group: The lure of India's consumption theme continues to remain strong among the foreign portfolio investors (FPIs) amid the conviction of premiumisation-led growth for the sector and rising consumption of non-food items.The weight of the consumption related sectors including automobiles, consumer durables, consumer services, FMCG, and telecommunications in the FPI portfolio rose by 187 basis points year-on-year to a record
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