2022 saw the highest FIIs withdrawal worth ₹1,44,308 crores. Highest in past 15 years.
And FIIs have been constantly selling since late 2021 as I’ve mentioned here
Many expected that Indian markets would tumble to 10,000 because of this extreme selling pressure by FIIs.
Yet, here we are. At 18,000+ Nifty. 2% away from all time highs!
All this while, the Indian retail investors believed in India. Stayed invested & even bought more. In fact, the monthly SIP book swelled >₹13,000cr.
While everyone, including the ‘experts’ were making jokes on the retail investors; it’s the retail investors who are laughing all the way to banks.
FIIs got it really wrong.
Retail investors won. Again.
