S Naren Flags Valuation Concerns as FIIs Shift Focus from Indian Equities to Cheaper Global Markets

Foreign Institutional Investors (FIIs) are increasingly reallocating capital away from Indian equities, citing stretched valuations and more attractive opportunities abroad. S Naren, CIO of ICICI Prudential AMC, has called Indian stocks an “expensive asset class,” urging investors to moderate return expectations.

 

Key highlights from Naren’s remarks:

Market dynamics and outlook:

As global conditions evolve, FIIs may return once valuations normalize and growth visibility improves. For now, India’s equity premium is both its strength and its stumbling block.

 

Sources: NDTV Profit, MSN India, Economic Times, Moneycontrol, Upstox, Reuters, ICICI Prudential AMC