FPI: FPIs go big on realty, insurance in March

Mumbai: Real estate and insurance stocks absorbed the bulk of the foreign fund inflows in March. While flows have tapered to $1.43 billion during the month compared to an average net inflow of $5 billion in the previous five months due to the fresh uncertainties over rising US bond yields and increase in Covid-19 cases, this is the first time in many years these investors have focused on the real estate sector.

Data from Edelweiss Alternative