The table below is year wise and captures the gist of the FPI flows into equity and debt to give you an idea of how the flows have been from FPIs across asset classes.

Monthly FPI/FII Net Investments (Calendar Year - 2019)

Calendar Year

INR crores

Equity

Debt

Hybrid

Total

January

-4262

-1301

7

-5556

February

17220

-6037

871

12053

March

33981

12002

2769

48751

April

21193

-5099

634

16728

May

7920

1187

2264

11370

June

2596

8319

2196

13111

July

-12419

9433

-17

-3003

August

-17592

11672

49

-5871

September

7548

-990

25

6582

October

12368

3670

31

16069

November **

14436

4767

48

19251

Total - 2019

82989

37623

8877

129485

Monthly FPI/FII Net Investments (Calendar Year - 2018)

Calendar Year

INR crores

Equity

Debt

Hybrid

Total

January

13781

8523

-32

22272

February

-11423

-254

3

-11674

March

11654

-9044

51

2662

April

-5552

-10036

26

-15561

May

-10060

-19654

-61

-29776

June

-4831

-10970

7

-15795

July

2264

43

-43

2264

August

1775

3414

-44

5146

September

-10825

-10198

-11

-21035

October

-28921

-9978

-6

-38906

November

5981

5610

4

11595

December

3143

4749

-3

7889

Total - 2018

-33014

-47795

-109

-80919

Monthly FPI/FII Net Investments (Calendar Year - 2017)

Calendar Year

INR crores

Equity

Debt

Hybrid

Total

January

-1177

-2319

0

-3496

February

9902

5960

0

15862

March

30906

25355

0

56261

April

2394

20364

0

22758

May

7711

19155

0

26866

June

3617

25685

0

29302

July

5161

18867

0

24028

August

-12770

15447

0

2677

September

-11392

1349

0

-10043

October

3055

16064

0

19119

November

19728

531

0

20258

December

-5883

2350

-11

-3544

Total - 2017

51252

148808

-11

200048

As you can see from the above table, the FPI flows have been positive in 2017 and 2019 but were negative in the year 2018 when FPIs sold heavily across asset classes due to the NBFC crisis, the liquidity crunch and rich valuations.