MF, retail investors' share in NSE stocks surges to all-time high, FII-DII gap smallest ever: Primeinfobase
Mutual Funds (MFs) in companies listed on NSE rose to yet another all-time high of 9.17% QoQ as on June 30, 2024, from 8.93%, powered by strong net inflows of Rs 1.09 lakh crore during the quarter, according to data compiled by primeinfobase.
The share of Domestic Institutional Investors (DIIs) also increased to 16.23% from 16.07% during the quarter. Meanwhile, with Foreign Institutional Investors (FIIs) pulling out Rs 7,693 crore from the market during the quarter, their share declined to a 12-year low of 17.38%, down by 34 bps.
This has resulted in the gap between FII and DII holding narrowing to its lowest ever level with DII holding now being just 6.60% lower than FII holding. The widest gap between FII and DII holding was in the quarter ending March 31, 2015, when DII holding was a staggering 49.82% lower than FII holding.
DIIs, along with retail and High Net Worth Individuals (HNIs) investors, have now been playing a strong counter balancing role with their share reaching an all-time high of 25.85% for the quarter ended June 2024.
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Life Insurance Corporation (LIC), India’s largest institutional investor, on the other hand, saw its share (across 282 companies where its holding is more than 1%) decreasing to an all-time low of 3.64% as of June 2024.
This was despite a net buying by LIC of Rs 12,400 crore during the quarter, according to Pranav Haldea, Managing Director, PRIME Database Group.
Haldea stated that the Indian markets
