Domestic investors overtake FIIs in Indian equities as DII ownership hits record high

Mumbai, Aug 3 (IANS) Backed by strong mutual fund inflows and sustained retail participation, DIIs have not only absorbed heavy foreign selling over the past two years but have also surpassed foreign institutional investors (FIIs) in ownership of Nifty 500 companies, a report said on Monday.

Domestic institutional investors have strengthened their grip on India's equity markets, with their ownership in Nifty 500 companies rising to an all-time high of 21 per cent, overtaking foreign institutional investors whose holdings have fallen to 17 per cent, according to a report by Motilal Oswal Financial Services.