Prime Database Group’s report on Indian equity ownership shows FIIs steadily reducing their shareholding since 2021, a trend that continued in Q3FY26. DIIs overtook FIIs by March 2025, and mutual funds, part of the DII pool, have continued narrowing the gap. In several instances, DII buying has absorbed FII selling. In Q3FY26, the value of FII holdings rose the most among major investor groups, indicating FIIs outperformed other equity owners during the quarter
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