Foreign Portfolio Investors Benefit From Increased Holdings Due to Indian Government Bond Inclusion in JP Morgan Index

Tuesday, 16 July 2024, 07:23

The recent inclusion of Indian government bonds in the JP Morgan Index has led to a significant boost in the holdings of Foreign Portfolio Investors (FPIs). According to a report by SBI, FPI aggregate holdings have surged by ₹16,990 crore since June 24 and ₹95,687 crore since the bond inclusion announcement by JPMorgan Chase & Co in October 2023. This positive response signals a growing interest in Indian bonds among international investors, contributing to enhanced market confidence and capital inflows.

Business Insider — Foreign Portfolio Investors Benefit From Increased Holdings Due to Indian Government Bond Inclusion in JP Morgan Index

Key Points:

Foreign Portfolio Investors (FPIs) increase holdings post inclusion of Indian government bonds in JP Morgan Index.

Impact:

Significant surge: FPI aggregate holdings spike by ₹16,990 crore post-June 24 and ₹95,687 crore since Oct 2023

Conclusion:

The positive response from FPIs following the incorporation of Indian government bonds in the JP Morgan Index reflects increased confidence in the Indian market and highlights the attractiveness of these bonds to international investors.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Key Points:

Impact:

Conclusion:

Related posts