ET Alpha Wealth Summit | FIIs haven't abandoned India, they've just reshuffled: Samir Arora (opens original article in a new tab)

Foreign institutional investors have not left India but have shifted their investments from large-cap blue-chip stocks to other sectors, with increased stakes in higher-multiple companies and a broader distribution of FII holdings across more Indian companies.

• Foreign institutional investors (FIIs) have not abandoned India but shifted their investments from large-cap blue-chip stocks to other sectors
• FIIs increased stakes in companies like Eternal, HDFC Bank, and Polycab with higher price-to-earnings multiples
• The number of Indian companies with at least 1% FII stake has grown from 900 to 1,300 over four years
• Arora argues India's market underperformance reflects valuation mispricing rather than a structural exodus of foreign capital