As the FII investment has been on a northward drive for the past few months owning to strong fundamental of the Indian economy and the rising stock market, the market watchers are of a view that it will not overheat the Indian economy.

It is to be mentioned here that the foreign institutional investors (FIIs) have infused a record $17.88 billion (Rs 82,158 crore) in local stocks so far this year, which is the highest ever investment made by the overseas firms in a period of 12 months. It has recently surpassed its earlier record of $17.65 billion touched in the year 2007.

For the uninitiated, the huge inflow has came into the Indian market in a span of just nine months this year. Analysts are of a view that the interest rate regime followed by many advanced economies are one of the ways to attract foreign inflows to the economy.

IDBI Federal Life Insurance Chief Investment Officer Aneesh Srivastava said that as India is one of the hot spots for the FIIs, they surely see a better return from the domestic turf. Moreover, Aneesh also said that he is very bullish on the fact that trend will continue for times to come as well.