By Nesil Staney
The net ownership of foreign portfolio investors (FPI) in BSE 200 companies decreased to 20.2% in the March quarter, from 20.4% in the December quarter, while that of domestic institutions such as mutual funds increased from 16.9% to 17.5%, data released by Kotak Research on Thursday showed.
FPIs sold about $15 billion worth of equities in the secondary market across sectors, barring telecommunication, in the three-month period ended March 2025. DIIs bought around $22 billion worth of equities.
The significant increase in FPI ownership, including ADR/GDR, was witnessed in 360 ONE, Cartrade Tech and Restaurant Brands Asia. Team Lease Services, Cyient and Aavas Financiers saw notable fall.
Mutual funds hiked their stake the most in Teamlease Services, AWL Agri Business and Max Financial Services while paring holdings in Aavas Financiers Samhi Hotels and Avalon Technologies.
FPIs were overweight on banks and real estate and underweight on capital goods and consumer staples. MFs were overweight on automobiles & components and pharmaceuticals and underweight on consumer staples and oil, gas & consumable fuels.
BFIs, including banks, financial institutions and insurance companies, sold in Sula Vineyards, IndusInd Bank and Cartrade Tech and bought in UCO Bank, Patanjali Foods and Central Bank.