The shareholding of domestic institutional investors closed in further on that of overseas investors, with the gap between the two dropping to an all-time low and set to reverse in the coming quarters.
Atmanirbhar Market: Mutual funds share in Indian markets hits fresh high! DIIs playing strong counter balancing role against FIIs - Money News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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 .
The share of FIIs was down by 51 bps quarter-on-quarter (QoQ), resulting in the gap between FII and DII holdings narrowing further to an all-time low in this quarter. The DII holding is now just 9.23% lower than the FII holding.
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