DII stake in the NSE500 stocks stood at 14.6 per cent in September 2020 and 14.8 per cent in September 2019. It stood at 13.6 per cent in September 2018.
As per the brokerage, domestic institutions trimmed stake in several sectors such as technology (down 170 basis points), consumer durables (down 110 basis points), capital goods (down 70 basis points), chemicals (down 60 basis points), utilities (down 60 bps ), among others, on a sequential basis.
Meanwhile, DIIs were significantly overweight on pockets of PSU banks, metals, capital goods, automobiles, and consumer, while being underweight in technology, NBFCs, and private banks.
The institutional class was seen raising stakes in pockets such as PSU banks (up 130 basis points), healthcare (up 80 basis points), private banks (up 60 basis points), insurance (up 60 basis points), automobiles (up 50 basis points and Retail (up 30 basis points). Consumer (up 30 bps), Cement (up 30 bps), and NBFCs (up 20 bps).
Out of the total $450 billion worth of ownership DIIs had in Nifty500 companies as of September 30, private banks topped at $68 billion, followed by technology at $48 billion and oil & gas at $45 billion.
Their top 5 holdings include Reliance Industries ($29.4 billion), HDFC Bank ($22 billion), ICICI Bank ($22 billion), ITC ($17.1 billion), and Infosys ($15.1 billion).
