FPIs Invest ₹20,200 Cr in Indian Equities in July

Foreign Portfolio Investors (FPIs) turned net buyers in Indian equities during July 2026, injecting Rs 20,200 crore. This marked the definitive end to a four-month period of continuous selling pressure from overseas funds.

The notable inflow in July contrasts sharply with previous months. FPIs recorded substantial net outflows, including Rs 49,340 crore in June and Rs 32,963 crore in May.

Further withdrawals saw Rs 60,847 crore exit in April, with March experiencing the largest outflow at a significant Rs 1.18 lakh crore from the equity market. The last instance of net equity buying before July occurred in February, with an investment of Rs 22,615 crore.

Despite July’s positive shift, FPIs remain overall net sellers in Indian equities for the calendar year. They have withdrawn a cumulative Rs 2.54 lakh crore between January and July 2026, according to data from the National Securities Depository Ltd (NSDL).

Debt Market Sees Continued Interest

Beyond equities, foreign investors demonstrated robust engagement in the Indian debt market. They channelled Rs 29,212 crore through the general debt route during July.

An additional Rs 3,033 crore was invested via the debt-VRR (Voluntary Retention Route) in the same month. However, FPIs also withdrew Rs 13,584 crore from debt instruments under the VRR category.

Overall, the net foreign portfolio investment across all asset classes, encompassing equities, debt, hybrid instruments, mutual funds, and alternative investment funds, reached Rs 40,031 crore in July. This figure represents the strongest monthly inflow recorded in the calendar year so far, reflecting trades executed by FPIs up to July 31, 2026.