FPI has withdrawn Rs 315,750 crore from stocks in April, exceeding tariff concerns

In addition to stocks, the FPI also pulled Rs 40,77 crore from the general limit of debt and Rs 66,33 crore from the voluntary retention route. File | Image source: Reuters

Foreign investors have raised 315,750 crore from the country’s stock market so far this month, due to the turmoil caused by the U.S. imposing tariffs on most countries, including India.

This is after the net investment of Rs 309,27 crore in the six trading courses from March 21 to March 28. According to depositors, this infusion helps reduce overall outflow in March to March 3.

This marks a significant improvement compared to previous months. In February, Foreign Portfolio Investors (FPIS) took out Rs 34,574 crore for Rs 34,574 crore, while in January the outflow was even higher at Rs 780,27 crore. This shift in investor sentiment highlights the volatility and evolving dynamics of global financial markets.

According to the data, FPI pulled Rs 315,750 crore from Indian stocks between April 1 and April 11.

The total withdrawal of FPIS has reached Rs 1.48 crore in 2025.

Global Turbulence

“The turmoil in the global stock market has also affected FPI’s investment in India after President Trump imposed a countdown on tariffs,” said VK VK VIJAYAKUMAR, chief investment strategist at Geojit Investments.

He believes that only after the ongoing chaos disappears will the clear pattern of FPI strategy emerge.

“In the medium term, FPI may turn to buyers in India, as both the United States and China are causing an inevitable slowdown. Even in an unfavorable global situation, India’s global situation in FY26 could grow by 6%. This expected revenue growth in FY26 could also attract FPI investment to India, which could attract FPI investment once the dust settles, he would increase once the dust settles.”

Vinit Bolinjkar, head of research at Ventura, said the ongoing sell-off in Indian stocks is driven by macro and geopolitical risks caused by U.S. tariffs.

However, the country’s strong macro foundation remains intact. He added that strong domestic demand and ongoing trade restructuring have continued to position India without a doubt.

In addition to stocks, the FPI also pulled Rs 40,77 crore from the general limit of debt and Rs 66,33 crore from the voluntary retention route.