Foreign institutional investors have withdrawn about $53 billion from Indian equities since late 2024, pressuring many large-cap names even as MSCI India fell roughly 8% from September 2024 to May 2026. Yet in Q4, FIIs increased holdings in several stocks in value terms. State Bank of India led with a Rs 9,319 crore rise in FII holdings during the March 2026 quarter, followed by Power Grid, NTPC, Vedanta and others, including stock broker Billionbrains Garage Ventures and GE Vernova T&D India.
Parag Parikh Flexi Cap Fund’s AUM climbed to Rs 1.40 lakh crore in April as the manager increased exposure to multiple large caps. The portfolio reduced stakes in Coal India and Power Grid, and fully exited Balkrishna Industries. Despite the reshuffle, the fund kept a sizable cash allocation, reflecting its long-term, investment-first approach.
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