Bigger India
NRIs’ net inflows saw a jump last year
Looking at the constituents of BSE500 index, there are 32 stocks where non-promoters NRIs have consistently increased their stake in the last five quarters between December 2016 and December 2017.
Non-Resident Indians’ (NRIs) net inflows jumped to USD 5,039 million between April 2017-December 2017 compared to net outflows of -15,065 USD millions in April 2016-December 2016. Looking at the constituents of BSE500 index, there are 32 stocks where non-promoters NRIs have consistently increased their stake in the last five quarters between December 2016 and December 2017. The average returns of these 32 stocks between 30 December 2016 and 1 March 2018 was 40.1 per cent. BSE500 delivered 32.4 per cent in the same period.