FII money came via emerging market funds

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Foreign institutional investors or FIIs pumped in more than $24 billion into Indian stocks during 2012. (Reuters) Foreign institutional investors or FIIs pumped in more than $24 billion into Indian stocks during 2012. (Reuters)
SummaryTop 10 emerging market funds accounted for $4.50 bn of FII infows in 2012

with assets in excess of $75 billion at the end of 2012, of which an estimated $5 billion was invested in Indian stocks. Its net allocation to Indian stocks went up from 5.5 per cent at 2011-end to 7.2 per cent at September-end 2012.

Another emerging market index fund, iShares MSCI Emerging Markets Index Fund also registered an estimated inflow of $679 million into Indian stocks during the year 2012, helped by an overall inflow of $10.5 billion into the fund during the year.

Besides Virtus, other active emerging market funds like Oppenheimer Developing Markets Fund, Vontobel Emerging Markets Eq, and Aberdeen Global Emerging Markets Equity also registered robust portfolio flows into India, primarily helped by the strong overall inflows into these funds in 2012.

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