Domestic MFs gain ground, FIIs losing the plot
New Delhi, May 6 -- Stakes of domestic mutual funds(MFs) in listed companies rose to an all-time high of 8.92% on 31 March, up from 8.81% a quarter ago, according to data collated by primeinfobase.com.
With this, the share of foreign institutional investors shrank to an 11-year low of17.68% during the quarter, down by 51 basis points. One basis point is one-hundredth of a percentage point.
These figures represent the value of shares held by investors as a percentage of the total value of shares of the companies analyzed.
In fact, MFs gained for the third consecutive quarter, driven by robust net inflows of Rs.81,539 crore during January-March. The analysis was based on the latest data on shareholding patterns of companies listed on the...
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