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

Foreign Portfolio Investors (FPIs) turned net buyers in Indian equities during July 2026, ending a significant four-month streak of continuous selling. These overseas funds injected a net Rs 20,200 crore into the market last month.

Equity Inflows Mark Reversal

This positive July inflow follows substantial net outflows observed in the preceding months, reflecting a volatile period for foreign capital in the Indian stock market.

• June saw FPIs withdraw Rs 49,340 crore.
• In May, outflows totaled Rs 32,963 crore.
• April recorded a significant withdrawal of Rs 60,847 crore.
• March experienced the largest outflow at Rs 1.18 lakh crore.

The last instance of FPIs being net buyers in Indian equities was in February, with investments amounting to Rs 22,615 crore. Despite July’s rebound, FPIs remain cumulative net sellers for the calendar year, having pulled out Rs 2.54 lakh crore between January and July 2026.

Debt Market Sees Strong Inflows

Beyond equities, foreign investors also showed robust interest in the Indian debt market throughout July, channeling significant capital into various debt instruments.

• Investments via the general debt route reached Rs 29,212 crore.
• The debt-VRR route saw an investment of Rs 3,033 crore.
• However, FPIs simultaneously pulled out Rs 13,584 crore from debt instruments under the VRR category.

Across all asset classes, including equities, debt, hybrid instruments, mutual funds, and alternative investment funds, the net foreign portfolio investment for July stood at Rs 40,031 crore. This figure marks the strongest monthly inflow recorded for the calendar year to date.

This comprehensive data was compiled by the National Securities Depository Ltd (NSDL), based on reports submitted by custodians to SEBI and depositories, covering trades executed by FPIs up to July 31, 2026.