“While the share of actively managed funds in NSE listed companies stood at 7.1%, the remaining 1.7% was held by passively managed funds. Strong net investment by mutual funds during this period led to steadily increasing fund raising through the SIP route. ,” the report said.
However, foreign investors have increased stake in companies outside the blue-chip pack and cut their stake in market giants like Reliance Industries, Adani Enterprises and Kotak Mahindra Bank in the last quarter.
Foreign fund ownership in NSE-listed companies fell 61 basis points (100bps = 1 percentage point) to 18.4% at the end of September, the report said. For NSE top 500 companies, the number was 19.5% while for Nifty companies it was 25.2%.
The report said foreign portfolio investors (FPIs) retained their large but sequentially reduced overweight stakes in the financial sector, with sequentially greater exposure to consumer discretionary and consumer staples India’s consumption There was gradually less recession on the story.
“(FPIs) maintained a negative outlook on the investment theme with an underweight position on industrials, and a neutral stance on other sectors (including) IT, communication services, healthcare, utilities, energy and real estate. “
The report also said that as of December 2022, foreign funds had stakes in around 1,770 companies, up from 1,450 companies as of December 2021 and 1,200 companies as of December 2020.
“FPIs meaningfully expanded their invested pool of companies between 2020 and 2022, but the number of companies with more than a 5% stake increased,” it said.
The report also said that MF stake in NSE-listed companies increased by 12 bps to 8.8%, the corresponding number in Nifty 500 increased by 21 bps to 9.1% and for nifty 50 It rose 35 bps to 10.1% at the end of September.
The report also found that MFs have reduced their exposure to financial companies for the third consecutive quarter, leading to being overweight on the sector among Nifty 50 companies and neutral among Nifty 500 companies.
“MFs also turned neutral on industrials for the first time since 2005. Among other sectors, mutual funds retained their negative stance on consumer goods and energy, although less so gradually, maintained overweighting on consumer discretionary and healthcare, and “Remained neutral on communication services, IT, content, real estate and utilities.”
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