FPIs turn bullish on insurance stocks amid revival in premium collection

ET Intelligence group: (FPIs) increased focus on the insurance companies in June amid the ebbing second wave of the pandemic. They invested nearly a billion dollars (Rs 7,044 crore) in the insurance stocks. It accounted for nearly 41 per cent of the total inflow of $ 2.3 billion (Rs 17215 crore) by FPIs during the month, according to the NSDL data. The share of the insurance sector in the total FPI equity portfolio reached 2.5 per cent in June,