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DII equity holdings touch multi-quarter high in Jan-March

The AUM of DIIs and FIIs was Rs 20.4 lakh cr & Rs 24.4 lakh cr, respectively, in April 2020.

, ET Bureau|
Last Updated: Jun 03, 2020, 11.26 AM IST
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DIIs’ holding has reached to nearly one-third of the total free-float market capitalisation of the BSE-500 index.
ET Intelligence Group: The latest institutional holdings data reflect that the impact of the exodus of foreign institutional investors (FIIs) has partially been offset by the sustained flow from the domestic institutional investors (DIIs). DIIs’ holding in Indian equities rose to a record high of 14.8 per cent in the March 2020 quarter, according to Axis Capital.

DIIs are local mutual funds, insurance companies, local pension funds, and banking and financial institutions. The extent of domestic inflows can be gauged from the fact that the assets under management (AUM) of local pension funds and banks treasury grew by 20 per cent and 47 per cent, respectively, since the beginning of the year at a time when the total institutional AUM fell by 16.5 per cent.
DII-graph

The AUM of DIIs and FIIs was Rs 20.4 lakh crore and Rs 24.4 lakh crore, respectively, in April 2020. The figures have dropped by 10 per cent and 21.3 per cent in that order since the beginning of 2020. Year to date, DIIs have invested close to 72,000 crore while FIIs have pulled out 39,000 crore. The ratio of FPI-DII ownership dropped to 1.2 in April 2020 from the peak of 3.8 in April 2015.

DIIs’ holding has reached to nearly one-third of the total free-float market capitalisation of the BSE-500 index. Domestic investors increased their stake by more than 1 per cent in 106 companies and pruned in 42 in the BSE 500 index during the March 2020 quarter. FII holding fell by 70 basis points to 21.5 per cent in the BSE 500 index. They trimmed stake in 27 companies of the Nifty 50.

The prominent large companies where DIIs raised stakes are Power Grid Corporation, Eicher Motors, NTPC, Coal India and ONGC by putting more than 15,000 crore in the March quarter.

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