Capital Group Cuts India Exposure by Two-Thirds Since FY2024

Capital Group Slashes Exposure to India, Falls to Third Spot Among FPIs

The world's largest active fund manager, Capital Group, with $3 trillion worth of assets, has significantly reduced its exposure to India over the last two years, according to data analyzed by Moneycontrol. As of March 2024, Capital Group held assets worth Rs 92,857 crore in Indian shares, a 68% decrease compared to just Rs 29,526 crore as of March 2026. In FY26 alone, the portfolio of Capital Group shrunk by 28% from Rs 41,056 crore.

This substantial decline in exposure has led to Capital Group falling from the coveted number one Foreign Portfolio Investor (FPI) spot to third spot currently, as per data compiled by Prime Database. Capital Group is one of the oldest foreign funds to register in India and manages multiple funds in the country, including American Funds Insurance Series – Global Small Capitalisation Fund, Europacific Growth Fund, Smallcap World Fund, and New Economy Fund, among others.