InvestorQ : What are the stocks that FPIs have been buying principally in the last one year?
Dawn Cherian made post

What are the stocks that FPIs have been buying principally in the last one year?

Answer
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Dilmini Mercia answered.
8 months ago


FPI have been consistent buyers in several domestic stocks with insurance being the biggest theme where they are substantially underexposed and where they see huge potential in India due to under-penetration. Consider these samples. During the year, FPI stake in SBI Life move up from 4.9% to 26.4%. Similar hike in stake was seen in HDFC Life and in ICICI Pru Life also. In addition, FPIs also hiked their stake in Zee Entertainment from 41.5% to 67.40%. The big story clearly appears to be the stake hike in insurance stocks, most of which got listed in 2017 only. Life insurers operate in an industry that is dominated by LIC but is gradually losing market share and also there is a huge underpenetrated retail and institutional market.