New Delhi, Nov. 3 -- Foreign investors' ownership of Indian equities has fallen to its lowest level in nearly 15 years amid valuation concerns, geopolitical uncertainty, and elevated US bond yields, even as they returned to the market as net buyers in the September quarter.

A Mint analysis of 5,638 BSE-listed companies sourced from the CMIE database showed that foreign portfolio investors (FPIs) held 14.02% of shares at the end of the September quarter (Q2FY27), their lowest since December 2011. Their ownership fell nearly 0.4 percentage points sequentially and 154 basis points over the past year. It is now 6.07 percentage points below its December 2020 peak of 20.09%, reflecting a sustained retreat by overseas investors.

FPIs, however,...