FPIs pour big money into Indian IPOs, but locals keep the market steady

Business Dec 01, 2025

In November 2025, foreign portfolio investors (FPIs) put nearly ₹11,900 crore into India's IPO scene—the most in four months—even though they pulled out more from regular stocks at the same time.
This marks five straight months of FPIs backing new listings, showing they're still interested in fresh opportunities despite some nerves about the broader market.

Domestic mutual funds step up as FPIs pull back

While FPIs have sold off a massive ₹1.4 lakh crore in Indian equities so far this year, domestic mutual funds have been on a buying spree.
In November alone, they snapped up over ₹38,000 crore worth of shares and have already invested more than last year's total—helping keep things balanced for everyone watching the markets.