Discover the top 5 foreign investors in India for May 2025 based on deal value and trade volume. See who’s making the biggest bets on Indian stocks.
Top 5 Foreign Investors in India – May 2025 FII Rankings
Foreign Institutional Investors (FIIs) remained keen participants in the Indian equity markets in May 2025, with firm conviction in a selected group of stocks and industries. Over the month, five global investment titans dominated the charts of trading, putting billions of dollars into Indian shares, reflecting robust overseas demand in the face of economic uncertainty overseas.
Below is a closer look at the Top 5 Foreign Institutional Investors of May 2025 based on total deal value and number traded.
🔝 1. OXBOW MASTER FUND LIMITED
- Total Deal Value: ₹5,035 crore
- Total Quantity Traded: 17.8 lakh shares
- Trade Count: 2
Taking the lead, OXBOW Master Fund Limited invested with high-value strategic investments worth more than ₹5,000 crore. With merely two trades, the fund showed a concentrated investment strategy, which reflects faith in a few high-performing Indian firms. Their transactions are viewed as a positive vote for India’s long-term economic direction.
🔝 2. BOFA SECURITIES EUROPE SA
- Total Deal Value: ₹5,023 crore
- Total Quantity Traded: 17.78 lakh shares
- Trade Count: 2
Hot on Oxbow’s heels, BOFA Securities Europe SA came in a close second with ₹5,023 crore of equity investments. This is an indication of Bank of America’s ongoing focus on India as a prime emerging market. Their big bet is an indicator of robust global investor optimism about India’s corporate earnings growth and macro stability.
🔝 3. SOCIETE GENERALE
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- Total Deal Value: ₹4,637 crore
- Total Quantity Traded: 44.99 lakh shares
- Trade Count: 2
French banking giant Société Générale ranks third with nearly ₹4,637 crore invested. Notably, their trading volume was the highest among the top three, showing a broader spread of investments across multiple companies. This could indicate a diversified portfolio strategy aligned with long-term institutional returns.
🔝 4. GOLDMAN SACHS (SINGAPORE) PTE.- ODI
- Total Deal Value: ₹3,208 crore
- Total Quantity Traded: 37.9 lakh shares
- Trade Count: 2
Goldman Sachs Singapore, through its ODI (Offshore Derivative Instruments) route, maintained a strong presence with ₹3,208 crore in trades. The firm’s strategy via ODIs suggests an intent to gain exposure to Indian equities while maintaining flexibility in market exit and entry. Their activity underscores a continuing trend of sophisticated institutional flows via alternate routes.
🔝 5. MORGAN STANLEY ASIA (SINGAPORE) PTE
- Total Deal Value: ₹2,386 crore
- Total Quantity Traded: 29.16 lakh shares
- Trade Count: 7
Morgan Stanley Asia Singapore PTE did the most transactions in the top five, distributing its ₹2,386 crore investment across seven transactions. This high frequency reflects a more dynamic and responsive trading strategy, perhaps to take advantage of short-term market direction or company-specific situations.
💡 What This Means for Indian Markets
The top foreign investors’ massive capital deployment highlights the deepening trust in the Indian growth story. Their trades often act as signals for other institutional and retail investors, setting market trends. May 2025 saw high-conviction plays by global heavyweights, especially in sectors like banking, energy, and technology.
Moreover, the significant investments via Singapore-based entities underline India’s strong financial ties with the Southeast Asian financial hub.
📊 Summary Table
| Rank | FII Name | Deal Value (₹) | Quantity Traded | Trade Count |
| 1 | OXBOW MASTER FUND LIMITED | 5,035,22,645 | 17.82 lakh | 2 |
| 2 | BOFA SECURITIES EUROPE SA | 5,023,32,412 | 17.79 lakh | 2 |
| 3 | SOCIETE GENERALE | 4,637,44,081 | 44.99 lakh | 2 |
| 4 | GOLDMAN SACHS (SINGAPORE) PTE.- ODI | 3,208,15,400 | 37.90 lakh | 2 |
| 5 | MORGAN STANLEY ASIA SINGAPORE PTE | 2,386,43,030 | 29.16 lakh | 7 |
