Our Bureau
Mumbai
There has been a surge in the market for Canada-based Foreign Portfolio Investors in the past four months. The equity assets of the FPIs that are under custody have risen with leaps over the past months since the end of February by nearly Rs. 28,000 crores.
As of May 2025, the Canadian investors who are sanctioned under Securities and Exchange Board of India (SEBI) were in possession of equity assets valued at Rs. 1.76 lakh crore, or nearly $21 billion. The major contributor to this value is the Canadian Pension Fund which is one of the major investors in the market. Last dated in March 2025, the fund held a total of $12.2 billion worth of rupee assets, both listed and unlisted.
The Canadian Pension Plan has seen a decline in share of the net assets that it holds of the Indian currency. Last year at the end of March, it had 3% of the net assets which have dropped down to 2% this year.
The investments from the Canadian-based FPI peaked back in September of last year. As per the data available on the National Securities Depository Limited website, the total assets under custody back then hit an all-time high of Rs 1.98 lakh crore. After that the investments saw a gradual decline for the next 5 months but since March 2025 the investments have only surged now valuing at Rs. 1.76 lakh crores.
After the peak in September 2024, the FPIs were booking profits on their investments following the trends. This was due to the heavy participation of investors in the Donald Trump trade which dictated the trends till the United States Presidential Elections. Following that, the fluctuations led by the tariffs by the US President Trump have caused the FPIs to increase their positions in the Indian markets once more.
