In the five years from FY 2010 (the financial year ending in March 2010) to FY 2014, foreign portfolio investors (FPIs) purchased close to USD 90 billion in Indian equities, providing steady support to the market. Over the same period, domestic investors were net sellers of an estimated USD 7.4 billion in Indian equities (according to CSLA, September 2015), taking equities as a proportion of total Indian household assets down from 4% to only 2.2%.
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The return of domestic investors: Providing secular support to the Indian equity market
