In November, Foreign portfolio investors (FPIs) pumped $8.1 billion in the domestic market, a record high in past 12 years. FPI owns more than 24 per cent of the domestic markets and according to foreign brokerage report, December also looks to get record inflows in the market.
With over $8.1 billion, India has received the highest FPI inflows in November, among the emerging markets as Brazil received $6.2 billion followed by $5.2 billion inflows in South Korea, Taiwan with $4.5 billion and Thailand at $1.1 billion. This inflow had a valuation premium of 5 percentage of India to other emerging markets in the MSCI Index increasing it to 46 per cent and more than 5 per cent in the long-term average, said Bank of America Securities in a report on Monday.
According to BofA, FPIs parked their maximum funds in financials at $4 billion, followed by $854 million in discretionary stocks and $687 million at industrials and had least interest where they have already picked up stock worth $104 million and pulling out $58 million from real estate. 
As of November 30, FPIs increased their overweight holdings in financials by 4.75 per cent, IT by 1.48 per cent, and discretionary by 0.03 per cent and remained underweighted on materials by 8.9 per cent, utilities by 0.56 per cent, telecom by 0.37 per cent, staples by 0.33 per cent, healthcare by 0.64 per cent, and industrials by 0.31 per cent.