What’s interesting to note is that about 50% of this money has chased three sectors during the year.
Data by NSDL showed that FPIs net bought stocks worth Rs 1.08 lakh crore in capital goods, consumer services, and automobile and auto components sectors in FY24.
Capital goods saw the highest inflows of Rs 46,680 crore in the last financial year, and was the only sector to see inflows in each of the months of FY24. The highest inflows was seen in August last year, to the tune of Rs 8,336 crore.
During the last quarter of FY24, FPIs net invested Rs 8,391 crore in the capital goods sector.
The second favourite sector of FPIs was consumer services, where they net invested Rs 32,198 crore in FY24. This sector saw heavy inflows particularly in the last two months of the financial year. In February and March, FPIs bought stocks worth Rs 12,179 crore in the sector. Barring October, this sector witnessed inflows in all the other months of the financial year.
The third sector to have grabbed FPIs’ attention is automobiles and auto components. In this sector, FPIs pumped in Rs 29,554 crore in FY24. Barring October 2023 and January 2024, this sector saw inflows in all the other months of the financial year.
Let’s take a look at the overall flow structure of FPIs across sectors in FY24 through the table below.
Telecom, healthcare, and financial services were the other three sectors that saw inflows of more than Rs 10,000 crore in FY24.
If not for the heavy selling in the last quarter of FY24, financial services would