New Delhi, March 4 -- Actively managed foreign funds have sold more Indian stocks than passive funds in the ongoing correction, according to a Mint analysis.

Moreover, sovereign wealth funds and government-owned entities are among overseas investors that have likely purchased domestic stocks, shows the analysis of the data from the National Securities Depository Ltd (NSDL).

To be sure, the FPI selling was believed to be driven by passive funds-exchange traded funds or index funds-selling Indian stocks and buying China or Taiwan equities.

Assets under custody (AUC) of foreign portfolio investors have fallen almost 13% from Rs.78 trillion at the end of September 2024 to Rs.68 trillion as of January 2025, the data shows. However, the tota...