Mumbai, Oct. 16 -- Foreign portfolio investors (FPIs) will eventually return as net buyers of Indian equities despite sustained selling in recent months, as the country's long-term economic fundamentals remain strong, HDFC Asset Management Company Managing Director and CEO Navneet Munot said on Friday.

His remarks come amid continued foreign investor withdrawals from Indian equities, driven by elevated global interest rates, high crude oil prices and concerns over emerging market investments.

Speaking on the sidelines of the listing of the HDFC FTSE India Equity ETF at the National Stock Exchange (NSE) in Mumbai, Munot said foreign investors continued to show interest in select investment opportunities, including initial public offering...