Mutual funds at all-time high, FII holding down at 11-year low

New Delhi: While the share of mutual funds in listed companies rose to another all-time high, FII holdings declined to an 11-year low.

The share of domestic Mutual Funds (MFs) in NSE-listed companies rose to another all-time high of 8.92 per cent as of March 31, 2024, from 8.81 per cent as of December 31, 2023.

This was powered by strong net inflows of Rs 81,539 crore during the quarter, as per Primeinfobase, an initiative of Prime Database.

According to Pranav Haldea, Managing Director, PRIME Database Group, Indian markets are moving towards atma nirbharta (self reliance) with the share of DIIs set to overtake that of FIIs in the next few quarters.

“For years, FIIs have been the largest non-promoter shareholder category in the Indian market with their investment decisions having a huge bearing on the overall direction of the market. Markets would tank when FIIs would pull out. This is no longer the case. DIIs along with retail investors have now been playing a strong counterbalancing role,” he said.

On the other hand, the share of Foreign Institutional Investors (FIIs) declined to an 11-year low of 17.68 per cent as of March 31, 2024, down by 51 bps from 18.19 per cent as of December 31, 2023, resulting in the gap between FII and DII holding narrowing further to an all-time low in this quarter with DII holding now being just 9.23 per cent lower than FII holding, as per the report.

The widest gap between FII and DII holding was in the quarter ending March 31, 2015, when DII holding was a staggering 49.82 per cent lower than FII holding.

The share of private promoters declined to a 5-year low of 41 per cent as of March 31, 2024. Over the last 18 months alone, it has fallen by 361 basis points from 44.61 per cent on September 30, 2022. According to Haldea, stake sales by promoters to take advantage of bullish markets, relatively lower promoter holding in some of the IPO companies and also overall institutionalisation of the market have resulted in this.


RBI tightens rules for domestic money transfers

Mumbai: The Reserve Bank of India (RBI) has tightened the framework for domestic money transfers in order to keep track of both cash pay-in and pay-out services. In a circular...

Sensex closes lower, midcap and smallcap outshine largecap stocks

Mumbai: Indian equity indices closed in the red on Wednesday following profit booking in largecap stocks. At closing, Sensex was down 280 points or 0.35 per cent, at 80,148 and...

9 priorities of Union Budget: FM unveils road map for ‘Viksit Bharat’

New Delhi: Finance Minister Nirmala Sitharaman, presenting her seventh-consecutive Budget and her first in Modi 3.0, spotlighted nine priority areas for generating ample opportunities for all. She also said that...

Sensex recovers after robust budget, Titan and ITC top gainers

Mumbai: Indian equity indices made a smart recovery from the day's lows and closed flat on Tuesday, following robust budget announcements. At closing, Sensex was down 73 points or 0.09...

Economic Survey lists six key growth areas for ‘Amrit Kaal’

New Delhi: After a fruitful decade of reforms, the government’s focus must turn to bottom-up reform and the strengthening of the plumbing of governance so that the structural reforms of...

Sensex ends lower ahead of Union Budget 2024-25

Mumbai: Indian equity indices closed in red on Monday following profit booking before the Union Budget 2024-25 which will be presented in the Parliament on Tuesday. At close, Sensex was...

India’s GDP growth for FY25 to surpass Economic Survey’s forecast: CII

New Delhi: The Economic Survey 2023-2024 is positive about the India growth story, and India's GDP growth for FY25 will surpass the forecast and has the potential to reach 8...

Market Outlook: Budget, Q1 results & FII inflows key factors for upcoming week

Mumbai: India equity indices witnessed volatility in the last week. At the start of the week, indices experienced buying but in the last session profit booking was seen in the...

Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism

New Delhi: As the Centre is set to present the Union Budget 2024-2025 on July 23, stock market experts bet big on four key sectors -- capital goods, defence, electronics...

Study shows how cancer cells evade drug treatments

New Delhi: US researchers have found during a study how cancer cells manage to evade despite treatment. Published in the Proceedings of the National Academy of Sciences, the study delves...

UPI adding up to 60 lakh new users every month, global adoption surge

New Delhi: The digital payment growth continues to surge and Unified payments Interface (UPI) is now adding up to 60 lakh new users every month. The stupendous growth in UPI...

Economic Survey to be tabled in Parliament on July 22

New Delhi: Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on July 22, a day ahead of the Union Budget, which will be a report card on...

Read Previous

Foreign Secretary to visiting Dhaka, invite PM Hasina

Read Next

Russia announces tactical nuclear forces exercises

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By :