Massive FII Sell-Off: $15.5 Billion Pulled Out in 2025, Market Cap Shrinks by $1.3 Trillion

Foreign Institutional Investors (FIIs) have been aggressively offloading Indian equities in 2025, with total outflows reaching $15.46 billion so far. This marks one of the most significant sell-offs in recent history, trailing only the $17.02 billion exodus in 2022. The sharp decline in FII participation has already wiped out $1.3 trillion in market value, raising concerns over the sustainability of current valuations and the impact of global macroeconomic shifts.

FII Equity Flows Over the Years

Year Net Equity Flows ($ billion)
2025 -15.46
2024 -0.75
2023 21.43
2022 -17.02
2021 3.76
2020 23.37

Data as of March 7, 2025. 

While the outflows may seem concerning, it is crucial to place them in the context of significant inflows over the past 5 years. Many global investors still view India as a long-term structural growth story, with high valuations being a necessary trade-off for strong economic expansion.

The Selling Spree Intensifies

The sell-off has gained momentum since October 2024, with FIIs withdrawing a staggering $28 billion during this period. January 2025 alone saw outflows of $8.42 billion, the highest in recent months.

FII Monthly Equity Flows

Several factors have contributed to this aggressive selling, including concerns over high valuations, global economic uncertainty, and potential interest rate movements in developed markets.

 

Month Net Equity Flows ($ billion)
Mar-25* -1.69
Feb-25 -5.35
Jan-25 -8.42
Dec-24 1.32
Nov-24 -2.68
Oct-24 -10.94

Data as of March 7, 2025. 

Large-Cap Sell-Off: FPI Stakes Hit Multi-Year Lows

The sharp sell-off has had a pronounced impact on large-cap stocks, with Foreign Portfolio Investor (FPI) holdings in NSE-listed firms and Nifty 50 companies dropping to multi-year lows.

  • FPI stakes in NSE-listed companies fell to 17.4%, the lowest level in 13 years.
  • FPI holdings in Nifty 50 stocks declined to 24.3%, the lowest in 12 years.

According to the NSE India Inc. Ownership Tracker for Q3 FY25, the value of FPI holdings in NSE-listed firms dropped 8.3% quarter-on-quarter (QoQ) to ₹75.8 lakh crore, marking the first decline in seven quarters. The report also highlights a shifting ownership pattern, with both FPIs and domestic promoters reducing their stakes.

What Lies Ahead for FII Investments in India?

Despite the recent sell-off, foreign investors continue to view India as a compelling long-term growth market. While near-term caution persists, many investors are likely to re-enter once valuations adjust to more attractive levels.

The current outflows reflect a rebalancing of global portfolios rather than a fundamental shift in sentiment towards India. As economic growth stabilises and external factors become clearer, FII inflows could see a revival in the coming quarters

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Hindustan Zinc to Raise Funds Worth ₹500 Crore Via Private Placement

Fundraising Details

On March 10, 2025, Vedanta Group Ltd announced the approval of an issuance of unsecured, redeemable, rated, listed, non-convertible debentures (NCDs) amounting to ₹500 crore through private placement. This strategic financial move was sanctioned by the company’s Committee of Directors.

The Non-Convertible Debentures (NCDs) will be structured into three Separate Transferable and Redeemable Principal Parts (STRPPs): STRPP 1 and STRPP 2, each for ₹100 crore (10,000 debentures), and STRPP 3 for ₹300 crore (30,000 debentures), totalling 50,000 debentures. The total principal amount issued will be capped at ₹500 crore.

Power Delivery Agreement Details

Hindustan Zinc has significantly boosted its commitment to renewable energy by signing an expanded power delivery agreement (PDA) with Serentica Renewables. The new PDA, increasing their round-the-clock renewable energy capacity to 530 MW (from 450 MW), will cover over 70% of the company’s total power needs.

Notably, this agreement guarantees a minimum of 315 MW of uninterrupted power every 15 minutes, a pioneering approach for round-the-clock renewable energy in India. The project, involving new solar, wind, and energy storage installations across multiple locations, is slated for completion by 2027 and will operate under a captive structure.

Share Price Performance

At 1:32 PM on March 11, 2025, Hindustan Zinc Ltd shares traded 0.26% down at ₹425.35 per share on the NSE.

Conclusion

This NCD issuance reinforces Vedanta Group’s strategic financial planning, ensuring liquidity and supporting its long-term growth objectives. Vedanta Group is a globally diversified natural resources company headquartered in India. It operates in key sectors including metals, mining, oil & gas, and power, playing a crucial role in India’s industrial and economic growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Anupam Rasayan Signs Letter of Intent Worth $106 Mn With a Korean MNC

Anupam Rasayan India Ltd. is a premier speciality chemicals manufacturer with a strong foothold in both domestic and international markets. Founded in 1976, the company has evolved into a trusted partner for global giants across industries such as pharmaceuticals, agrochemicals, personal care, pigments, and polymers.

LOI Details

In a significant stride towards global expansion, Anupam Rasayan has secured a long-term Letter of Intent (LOI) on March 10, 2025 with a leading multinational corporation valued at $106 million (approximately ₹922 crore), further cementing its position as a pioneer in speciality chemicals.

Statement From Company Management

“Securing this long-term LOI with a global industry leader is a testament to our cutting-edge R&D capabilities and unwavering commitment to innovation. The speciality chemical covered under this agreement serves niche applications in the aviation and electronics sectors. 

Our robust backward integration capabilities ensure a stable and efficient supply chain, providing reliability and consistency to our global clientele. Expanding into South Korea marks a significant milestone, positioning Anupam Rasayan for sustained growth in one of the world’s most advanced manufacturing powerhouses.”

Pioneering Innovation in Speciality Chemicals

The company’s latest agreement underscores its expertise in high-performance materials, crucial for sectors demanding precision and reliability. The aviation and electronics industries thrive on technological excellence and material integrity, making Anupam Rasayan’s offerings indispensable. 

By leveraging state-of-the-art R&D and world-class manufacturing, the company ensures superior quality and sustainability—an essential factor in today’s evolving industrial landscape.

Strategic Expansion into South Korea

South Korea stands at the forefront of technological and industrial advancements, particularly in electronics, semiconductors, and aerospace. Anupam Rasayan’s foray into this high-growth market strengthens its global presence while unlocking lucrative opportunities in a region known for its stringent quality standards and cutting-edge innovations.

By entering South Korea, the company further diversifies its geographic footprint, reducing dependency on existing markets and reinforcing its status as a preferred global partner in the speciality chemicals domain.

Share Price Performance 

At 1:18 PM on March 11, 2025, Anupam Rasayan India Ltd. shares traded a 0.45% down at ₹784.40 per share on the NSE.

Conclusion

Anupam Rasayan’s long-term LOI marks a key milestone in its global expansion, strengthening its presence in South Korea.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Emcure Pharmaceuticals Enters OTC Wellness Market with Arth Supplements Expansion

Emcure Pharmaceuticals Ltd, an Indian pharmaceutical company focused on women’s health, has expanded its over-the-counter (OTC) portfolio with the Arth supplement range. The company has introduced three new products to address intimate care, sleep quality, and cognitive health. 

The expansion is an entry into the daily wellness segment, combining traditional Indian herbs like Brahmi with modern scientific formulations, as per the filing.

New Additions to the Arth Range

The newly introduced supplements under the Arth brand include:

  • Intimate Care – A supplement designed to address issues in intimate areas.
  • Sleep Support Gummies – A product aimed at improving sleep quality and relaxation.
  • Brain Fog Aid – A supplement formulated to support cognitive function and focus.

To amplify awareness around women’s health, Emcure has partnered with Vidya Balan, for the same. On joining hands with Emcure, Balan expressed her enthusiasm for the brand’s mission. She talked about how women’s health often takes a backseat despite their crucial role in families and society. She hopes that her association will encourage women to prioritize self-care through informed choices.

Market Position and Expansion 

Emcure Pharmaceuticals, founded in 1981 and headquartered in Pune, is ranked as the 12th largest pharmaceutical company in India based on domestic sales (MAT June 2024). The company operates in over 70 countries, including Europe and Canada, with a focus on R&D-driven pharmaceutical development. The launch of the Arth range is an expansion into the non-prescription wellness segment.

Market Performance

As of March 11, 2025, 09:30 AM,  Emcure Pharmaceuticals Ltd was trading at ₹942.80, showing a 0.28% increase (+₹2.60). The stock has recorded a 15.12% decline over the past month and a 33.99% drop in the last six months.

Conclusion

The launch of Arth supplements broadens Emcure’s product portfolio beyond prescription drugs. The company is expanding its OTC offerings, focusing on science-backed health solutions in the wellness market. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Vikas Kaushal Appointed as HPCL CMD

Hindustan Petroleum Corporation Ltd (HPCL) has appointed Vikas Kaushal as its new Chairman and Managing Director (CMD) for a five-year term. This is the first time a private-sector executive has been chosen to lead a public sector oil company in India.

As of March 11, 10:17 AM, Hindustan Petroleum Corp Ltd is trading at ₹328.70, up ₹2.90 (0.89%) for the day, but down 19.72% over the past six months and 3.67% over the past year.

Background

Kaushal has over 30 years of experience in oil and gas, power, and renewables. Before joining HPCL, he was the global leader for energy and process industries at Kearney, a management consulting firm. He also served as Managing Director and Country Head for Kearney India for five years.

Kaushal holds a chemical engineering degree from Punjab University and an MBA from IIM Ahmedabad. He was elected twice to Kearney’s Global Board of Directors.

Work with Public Sector Oil Companies

Kaushal has worked closely with Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), GAIL, and HPCL in various capacities. His work involved:

  • IOC: Helped establish the petrochemicals and gas divisions, worked on refinery maintenance improvements, and handled cost transformation projects.
  • HPCL: Set up a Centralised Procurement Office, introduced energy-saving measures, and contributed to petrochemical diversification strategies.
  • BPCL: Led net-zero planning and developed petrochemicals strategies.

Experience in the Power Sector

Apart from oil and gas, Kaushal has worked on corporate planning and maintenance strategies for NTPC and Tata Power. He has also been involved in industrial power sales strategies for a global firm.

Conclusion

All in all, the appointment comes at a time when HPCL is focusing on expanding its operations and working on projects related to energy transition. With his consulting and industry background, he will oversee HPCL’s operations and long-term projects.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Kotak Nifty 200 Quality 30 ETF Filed Draft Papers With SEBI

Kotak Mahindra Mutual Fund has filed draft papers with SEBI for its new Exchange-Traded Fund (ETF), the Kotak Nifty 200 Quality 30 ETF. This open-ended scheme aims to mirror the Nifty 200 Quality 30 Index by investing in the same 30 stocks that make up the index, subject to tracking errors.

Listing and Trading

Upon launch, the ETF will be listed on the National Stock Exchange (NSE). Investors can trade units on the stock exchange like any listed security. To maintain liquidity, the asset management company will appoint at least two market makers.

For large investors and market makers, transactions can be conducted directly with the fund in “creation units” of 1,50,000 units per batch.

  • NFO Price: ₹10 per unit
  • Minimum Investment: ₹5,000 during the NFO
  • Exit Load: None

Index Composition and Criteria

The Nifty 200 Quality 30 Index is derived from the Nifty 200 Index, selecting stocks based on three financial metrics:

  • Return on Equity (ROE)
  • Financial Leverage (Debt/Equity ratio)
  • Earnings Growth Variability over the last five years

Stock weights in the index are determined based on quality scores and market capitalization, with a 5% cap per stock. The index undergoes semi-annual rebalancing in June and December.

Allocation and Strategy

The ETF will follow a passive investment strategy with the following allocations:

  • 95%-100% in equity and equity-related securities from the Nifty 200 Quality 30 Index
  • 0%-5% in debt and money market instruments

It will not actively pick stocks but will adjust holdings in line with the index composition.

Benchmark and Performance Tracking

The ETF’s benchmark will be the Nifty 200 Quality 30 Index (Total Return Index – TRI). While the fund aims to replicate the index, market fluctuations, liquidity issues, and tracking errors may impact actual performance.

Conclusion

Since this is a passively managed fund, returns are dependent on index movements. Investors should consider factors such as market volatility, liquidity risks, and tracking errors before investing. Units will be tradable on the stock exchange, but market demand will influence prices.

The fund is currently awaiting regulatory approval.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

NFO Alert: Edelweiss Mutual Fund Launches Low Duration Fund

Edelweiss Mutual Fund has launched the Edelweiss Low Duration Fund, an open-ended debt scheme investing primarily in low-duration debt and money market securities. The fund aims to generate income by maintaining a short investment horizon, with a short-term debt exposure.

NFO Details

The New Fund Offer (NFO)  details are as follows:

  • Issue Dates: March 11, 2025 – March 18, 2025
  • Fund Category: Debt – Low Duration
  • Fund House: Edelweiss Mutual Fund
  • Plans Available: Growth and IDCW (Income Distribution cum Capital Withdrawal)
  • Minimum Investment: ₹100
  • Lock-in Period: None
  • Exit Load: Nil
  • Risk Level: Low to Moderate
  • Benchmark: CRISIL Low Duration Debt A-I Index

Investment Strategy

The scheme’s primary objective is to generate income by investing in short-term debt instruments. As a low-duration debt fund, it typically invests in securities with maturities ranging from 6 to 12 months. 

These funds are structured to provide liquidity while aiming for moderate returns with lower volatility compared to long-duration debt funds.

Risk and Benchmark

The riskometer categorises this fund as low to moderate risk, indicating that while it carries lower risk compared to equity investments, it is still subject to interest rate fluctuations and credit risks associated with debt instruments. The fund’s performance will be measured against the CRISIL Low Duration Debt A-I Index, which tracks similar short-term debt securities.

Fund Management

The scheme is managed by Pranavi Kulkarni, who oversees the investment strategy and asset allocation. The Registrar & Transfer Agent (RTA) for the fund is KFin Technologies Ltd., responsible for processing transactions and investor servicing.

Conclusion

With no exit load and no lock-in period, investors can redeem their investments at any time without additional costs. The low minimum investment of ₹100 makes the fund accessible to retail investors.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Income Distribution Declared Across Axis and ITI Mutual Fund Schemes

Axis Mutual Fund and ITI Mutual Fund announced income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for multiple schemes. Investors holding units in these funds as of March 11, 2025, the record date, will receive varying payouts per unit.

Income Distribution: Axis Mutual Fund

Under its IDCW plans, Axis Mutual Fund has declared the following per-unit distributions:

Among these, the Axis Innovation Fund – Regular Plan has declared the highest income distribution at ₹1.54 per unit. The Axis ESG Integration Strategy Fund has also distributed a notable amount.

Income Distribution: ITI Mutual Fund

In addition to Axis Mutual Fund, ITI Mutual Fund has also declared an IDCW payout of ₹0.10 per unit under the ITI Balanced Advantage Fund, applicable to both direct and regular plans. The record date for this distribution is March 11, 2025.

What Investors Should Know

Investors opting for the IDCW plan receive periodic income distribution but must note that these payouts are subject to taxation, as per prevailing tax laws. Additionally, since these distributions are deducted from the Net Asset Value (NAV)of the respective schemes.

Conclusion

With March 11, 2025, set as the date, existing investors in Axis and ITI Mutual Fund’s IDCW schemes should review their holdings. Investors should assess their financial goals and tax implications before opting for IDCW or growth plans.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India Reports ₹107.21 Crore in Cyber Fraud Losses in First 3 Quarters of FY25

India lost ₹107.21 crore to cyber fraud in the first three quarters of the financial year 2024-25, according to data presented in the Lok Sabha. A total of 13,384 cases involving fraud amounts of ₹1 lakh and above were reported by commercial banks and financial institutions between April and December 2024.

Increase in Cyber Fraud Over the Years

The number of cyber fraud cases has grown significantly over the years. In FY15, 845 cases were recorded, leading to losses of ₹18.46 crore. By FY24, fraud cases had risen to 29,082, with financial losses amounting to ₹177.05 crore. The number of cases in FY25 has already crossed 13,000, indicating a continued rise in fraudulent activities.

Financial Year-Wise Cyber Fraud Data 

Financial Year Cases Reported(₹1 lakh and above) Total Loss (₹ Crore)
2014-15 845 18.46
2015-16 1,191 26.90
2016-17 1,372 27.78
2017-18 2,058 79.79
2018-19 1,866 51.74
2019-20 2,677 44.22
2020-21 2,545 50.10
2021-22 3,596 80.33
2022-23 6,699 69.68
2023-24 29,082 177.05
2024-25* 13,384 107.21
Total 65,315 733.26

Measures Taken to Address Cyber Fraud

To address the rise in fraud cases, the Reserve Bank of India (RBI) issued guidelines in July 2024, requiring banks to:

  • Implement Early Warning Systems (EWS) to detect suspicious transactions.
  • Conduct stricter monitoring of non-KYC-compliant and high-risk accounts.
  • Set up a Market Intelligence Unit to analyse fraud trends.

Other government initiatives include:

  • CERT-In (Indian Computer Emergency Response Team): Issues cybersecurity advisories and conducts mock drills.
  • National Cybercrime Reporting Portal & Helpline 1930: Allows victims to report fraud.
  • Chakshu (Sanchar Saathi Portal): Enables reporting of scam-linked messages and calls.

Reports indicate that India faced over 500 million cyberattacks in Q1 2024, followed by 750 million more in Q2, further bringing out security concerns in digital transactions.

Conclusion

The increase in cyber fraud cases shows that security measures need to keep up with the growing digital economy. Fraudsters are finding new ways to exploit gaps, making it important for banks, regulators, and users to stay vigilant. Stricter monitoring and faster response systems will be helpful in reducing financial losses and preventing large-scale scams.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Premier Explosives Enters a Strategic JV With Global Munition

Premier Explosives Limited (PEL) has formalised a joint venture agreement with Global Munition Limited (GML), a subsidiary of NIBE Ordnance and Maritime Limited. The partnership aims to strengthen the production capabilities in the defence and aerospace sector. This strategic collaboration marks a significant milestone in the industry by leveraging the expertise of both entities.

Purpose and Structure of the Joint Venture

The primary objective of this agreement is to manufacture defence and aerospace products, capitalising on the technological expertise and industry experience of both companies. The joint venture company will have a defined shareholding structure, with GML holding 51% and PEL owning 49%. Additionally, the governance structure is designed to ensure balanced decision-making, with GML nominating three directors and PEL appointing two. The CEO, CFO, and other key managerial personnel will be jointly selected, ensuring a collaborative leadership approach.

Key Terms and Implications

The agreement also outlines significant rights and obligations, such as share subscription rights and restrictions on capital structure changes. These measures aim to maintain stability and protect the interests of both parties. The issuance of shares will be at a face value of ₹10 per share, with GML subscribing to 51,000 shares and PEL to 49,000 shares. Importantly, the transaction does not fall under related party transactions, ensuring compliance with regulatory norms.

Premier Explosives Share Performance 

As of March 11, 2025, at 11:00 AM, the shares of Premier Explosives are trading at ₹332.00 per share, down by 1.78% from the previous closing price.

Conclusion

This joint venture between Premier Explosives Limited and Global Munition Limited represents a significant step in bolstering India’s defence and aerospace manufacturing capabilities. By combining resources and expertise, the partnership is set to enhance production efficiency and contribute to the country’s self-reliance in strategic sectors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.