However, a reversal of the trend has been witnessed in May.
As per latest depositories data, FPIs pulled out a net sum of Rs 4,786.38 crore from equities and Rs 1,612.62 crore from the debt market during May 2-17, taking the total net outflow to Rs 6,399 crore.
The broader economic growth has slowed down while uncertainty over the general election results has prompted the foreign investors to adopt a "wait and watch" stance, experts said.
"This change in trend is not entirely unexpected. It can be attributed to both domestic as well as global scenario turning unfavourable. The fallout of the US-China trade talk has waned investors' risk appetite globally," said Himanshu Srivastava, Senior Research Analyst, Morningstar Investment Adviser India.
Additionally, slowing global economy and declining liquidity adversely impacted the flows into the Indian equity markets and the broader economy also does not augur well for India, he said.