New Delhi, Dec 1 (PTI) Mirroring their faith on the Indian economy, overseas funds have infused a staggering USD 4.78 billion in the capital market in November, taking the year-to-date total to USD 39 billion.

With an investment of USD 4.78 billion in November, the total inflows of foreign institutional investors (FIIs) so far in 2010 have crossed record USD 38.76 billion-mark.

As per the data available with the capital market regulator Securities and Exchange Board of India (Sebi), FIIs have made investment worth USD 4.11 billion in equity and poured 667.71 million in debt market.

According to analyst, FIIs have been pumping funds into emerging markets like India because of their strong growth potential. Besides, rising concerns over the Korean conflict and Ireland's debt issue are driving foreign funds into the equity market. Foreign portfolio inflows into Indian capital markets rose, with regulator data showing equity and debt allocations and analyst rationale. Securities and Exchange Board of India data reported significant foreign institutional investor inflows in November, providing month and year-to-date totals and breaking down the investments into equity and debt market components. The release notes analysts' explanations linking allocations to emerging market growth prospects and international risk events, serving as regulator-sourced disclosure of portfolio movements.