NSDL classifies sectors based on the nomenclature set by the BSE. The country’s oldest exchange has divided 4,700 listed securities or issuers into 35 sectors and any FPI investment outside these issuers is classified under the others categories.
In the last five months, FPIs invested nearly $5.3 billion (around Rs 39,000 crore) in the others category, the highest among all the categories, followed by household products ($1.8 billion or Rs 13,266 crore), banks ($1.7 billion or Rs 12,455 crore) and oil & gas ($1.6 billion or Rs 11,800 crore). Between February and July of 2020, the average inflow in the ‘others’ category has been $203 million on a fortnightly basis.
The assets under management (AUM) in the others category accounted for less than 1 per cent of the total FPI AUM of $399 billion (Rs 29,400 crore) at the end August 2020. Financial services (31 per cent), oil & gas (12.8 per cent), software services (12.8 per cent), auto (5 per cent) and pharma (4.8 per cent) were the biggest contributors to the total FPI AUM, which accounts for nearly 20 per cent of India’s total market capitalization.
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