India Equity Strategy_ Why FPI Flows Matter
2025-02-28 05:14
February 25, 2025 03:05 PM GMT India Equity Strategy | Asia Pacific M Idea Why FPI Flows Matter FPIs have made solid returns in India: Our work shows trailing US$ IRR of 10% – but in recent years, FPIs have struggled to beat MSCI India, underperforming since 2022. The positive long-term returns should be an important factor in flow reversal. The market is likely forming a trough: Our view is that share prices ultimately depend on growth, not on flows (flows are always net zero). Since we think growth is lik ...