Quote on FII Outflows by Vaibhav Porwal, Co-Founder, Dezerv
Below the Quote on FII Outflows by Vaibhav Porwal, Co-Founder, Dezerv
1. India is undergoing a market correction, with all major equity indices falling by approximately 11%–25%. US bonds currently offer attractive yields without the volatility or currency risk associated with emerging market equities. In addition, US interest rates have risen.
2. Additionally, the 3% rupee depreciation has eroded returns for FIIs. Moreover, India levies taxes of 12.5% on long-term and 20% on short-term capital gains for FIIs, whereas alternative markets offer zero or lower tax environments.
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