Foreign portfolio investors (FPIs) have bought equities worth $7.5 billion in the Indian markets in 2016 so far, according to data obtained from Bloomberg, reports fe Bureau in Mumbai. The main reason for inflows being lower this year is an outflow of $1.70 billion in the month of January, which was the biggest outflow in any single month so far this calendar year. On the other hand, the month that saw the highest inflow this year was March in which foreign investors bought Indian equities worth $ 4.08 billion. This makes India the third biggest destination for FPIs after Taiwan and South Korea which have seen inflows of $14.3 billion and $ 9.4 billion respectively.Thailand ranks fourth with foreign inflows of $ 3.8 billion followed by Indonesia which received foreign investment worth $ 2.6 billion. In 2016 so far, the Sensex gained 8.14% and Nifty50 gained 9.96%.