Business

FPI return to India may be tactical, not structural yet: HSBC MF’s Venugopal Manghat

The Economic Times · 22 August 2026 at 10:22 am

Foreign investors are cautiously returning to Indian equities, but a durable FPI reallocation remains unconfirmed.

HSBC Mutual Fund’s Venugopal Manghat highlights improving earnings, stable domestic demand and manufacturing growth, while stressing valuation discipline.

Sustained foreign inflows will depend on earnings delivery, rupee stability, global liquidity, and India’s relative emerging-market valuations.

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FPI return to India may be tactical, not structural yet: HSBC MF’s Venugopal Manghat

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