India Strategy : FII Monthly Flow Tracker – June 2025 by JM Financial Services Ltd
In Jun’25 both FIIs and DIIs were net buyers in the Indian equity market (with buying of USD 2.4bn and USD 8.5bn respectively). Sectors which witnessed the highest FII inflows included BFSI (USD 1,042mn), Oil & Gas (USD 716mn), Auto (USD 553mn), Telecom (USD 320mn) and Chemicals (USD 278mn), while those which saw the highest outflows included Power (USD 735mn), FMCG (USD 463mn), Durables (USD 290mn) and Cap Goods (USD 215mn).
* FIIs turned net buyers as the month went on: In Jun’25, FIIs were net buyers to the tune of INR 204.2bn (USD 2.4bn) while the Nifty rose 3.1% MoM, after a 1.7% rise in May’25. This marks the fourth consecutive month of FII buying after a long selling spree. Until 16th June, FIIs were net sellers, offloading equities to the tune of USD 0.4bn. They turned net buyers post that, and purchased Indian equities to the tune of USD 2.7bn over the rest of the month.
* Power, FMCG, Durables and Cap Goods saw the largest FII outflows: Sectors that saw the highest outflows Power (USD 735mn), FMCG (USD 463mn), Durables (USD 290mn), Cap Goods (USD 215mn), Pharma (USD 47mn) and Metals (USD 42mn).
* BFSI, O&G, Auto, Telecom and Chemicals saw FII inflows: BFSI saw inflows of USD 1,042mn in Jun’25, followed by Oil & Gas at USD 716mn, Auto at USD 553mn, Telecom at USD 320mn and Chemicals at USD 278mn.
* Top 5 sectoral holdings remain unchanged, while shareholding in O&G rises marginally: BFSI, IT, Oil & Gas, Auto and Pharma remained the top 5 sectors wherein FIIs held equities in India. These 5 sectors in themselves add ~60% of FII assets in India. Of these, we saw a marginal sequential uptrend in O&G, while BFSI saw a marginal decrease. IT, Auto and Pharma remained flat. As a % of FII AUC in India, BFSI remained the highest at 31.6%, declining marginally from 31.7% in May’25. FIIs continued to remain net buyers of BFSI equities. IT services (the second highest) stood at 8.2%, remaining flat sequentially. FIIs turned net buyers of IT Services equities in Jun’25.
FII shareholding in Indian equities was 15.9% as of Jun’25, which was broadly flat compared to May’25. As of end-Jun’25, FII Equity Assets under Custody (AUC) stood at INR 74.2trln, 4.1% higher than INR 71.2trln as of May’25.
Please refer disclaimer at https://www.jmfl.com/disclaimer
SEBI Registration Number is INM000010361
