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Indian markets are moving towards Aatmanirbharta (self reliance) with the share of DIIs set to overtake that of FIIs in the next few quarters, says PRIME Database managing director Pranav Haldea

Foreign institutional investors (FII) have been the largest non-promoter investor category in Indian stock markets. But, that is expected to change soon. Fuelled by a surge in investments flowing into mutual funds, domestic institutional investors (DII) could overtake their foreign counterparts in coming quarters

Ten companies, including these three, accounted for 33% of the total spends on CSR in FY23, according to data shared exclusively with ET by primeinfobase.com, an initiative of Prime Database Group.

In 2024, Indian primary market bucked the two-decade trend of coming to a virtual standstill before a general election with record fundraising. Several issues are likely to be launched even in May as investors and companies are less uncertain about the outcome of the elections this year.

According to the report, of all the companies with equity shares listed on the NSE main board, the Big 6 Indian audit firms secured 637 assignments out of 1,961. This accounted for approximately 32.48% of the total, up slightly from 32.14% the previous fiscal year. Auditor details were missing for 47 organisations. A key standout has been the strong performance of Grant Thornton and MSKA affiliates who have established themselves as strong alternatives to the Big Four firms in audit business.

The highest mobilisation through debt private placements during the year was by NABARD (Rs 65,393 crore) followed by REC (Rs 52,140 crore), HDFC (Rs 46,062 crore), PFC (Rs 45,130) and SIDBI (Rs 38,600 crore)

Agencies Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76

Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mob­ilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corp­oration (LIC) IPO, which came out in 2022-23, IPO mobi­li­sation increased by 58 per cent from last year.

Analysis by primeinfobase.com shows that while share of MF holdings rose to an all-time high in December quarter, the trend seems to indicate that domestic institutional investors will overtake FIIs in the coming quarters

The share of domestic Mutual Funds (MFs) in companies listed on NSE rose to an all-time high of 8.81 per cent as on December 31, 2023, from 8.73 per cent as on September 30, 2023, powered by strong net inflows of Rs 58,198 crore during the ...