New Delhi, Sept. 26 -- Foreign portfolio investors (FPIs) are moving money out of Indian equities as the artificial intelligence-led rally in the US and Asian markets such as South Korea and Taiwan attracts capital, NSE Managing Director and CEO Ashish Chauhan said, adding that he expects some of these funds to return to India when the current cycle fades.

"Due to the AI story, the American market has risen from $25 trillion to about $75 trillion, similar seen in Korea and Taiwan," Chauhan said during an interaction with journalists after NSE's listing on the BSE.

"FPIs are fund managers who take out their money and go there for a cycle, and they do this often. Since they are foreigners, they can take out their money and cycle it," he a...