At a time when foreign investors are bullish on India and have increased their stakes in many companies, domestic funds have been net sellers. According to data compiled by Ace Equity, domestic institutions have offloaded almost Rs 23,820 crore of equities as on 20 July from the start of the year. (see chart below)
Almost 46 companies have seen a fall in their share holding pattern for the last four consecutive quarters until June.
Among Sensex constituents, three public listed enterprises namely, Coal India, GAIL and NTPC, reported a fall in domestic institution holding for the June quarter. Mahindra & Mahindra was the only privately listed company. Its mutual fund holding dipped by 1.96 percent to 2.36 percent.
Among BSE 100, other companies like Exide, Titan, IDBI Bank, Lupin and Godrej Consumer were some of the companies to see a fall as well.
Overall, six public listed companies have seen the exit of mutual funds.
However, MF holding has fallen sharply in small-cap companies. Jyoti Structures has seen the sharpest fall — 10.88 percent to 13.73 percent. The company is engaged in the transmission equipment space and has a market capitalisation of Rs 330 crore. In the last one year, the stock has fallen 55 percent.
Readers can use the dashboard to view the interactive chart below to check the change in the share holding pattern of companies over the last four quarters. The dashboard also contains the mutual funds investment pattern on a monthly basis and the Sensex performance, both from the start of the year 2012.