Top FPIs Leave Sensex, Nifty Behind
What Happened
Top foreign funds such as Goldman Sachs, Capital Group, Fidelity, GQG Partners and Nalanda outperformed both the Sensex and Nifty in Q1, with portfolio gains of up to 37%, beating the Sensex's 6.3% and Nifty's 6.8% returns during the same period, driven by successful bets on mid- and small-cap stocks despite global market volatility.
Key Takeaways
While many foreign investors were reducing exposure amid the Iran crisis and global uncertainty, top stock-picking FPIs generated significantly higher returns than the broader market, highlighting India's growing reputation as a stock-pickers' market.