Long-term FPIs raise bets on Indian equities amid soaring indices

ET Intelligence Group: The long-term foreign portfolio investors (FPIs), also known as the sticky funds, have raised bets on the Indian equities, shows an analysis of the data on assets under management (AUM) from NSDL. This may offer some solace to market observers worried over the increasing influence of the hot money or short term investments by FPIs. The long-term funds include sovereign wealth funds, pension funds, central banks, funds