The Hindu Business Line : FIIs vs MFs on the Sensex front

Between June 30, 2005 and March 31, 2006, market capitalisation of BSE-30 stocks rose by about Rs 5 lakh crore. That is, from Rs 9,33,303 crore to Rs 14,27,271 crore.

Over this period, the value of holdings by foreign institutional investors (FIIs) in the Sensex constituents has gone up by Rs 1,05,337crore, to Rs 2,81,333 crore, a 60 per cent jump. However, FII holdings, as a percentage of total market cap of Sensex, has risen only marginally, from 18.9 per cent to 19.7 per cent.

The period July 2005- March 2006 saw the mutual funds (MFs) vault by more than 100 per cent, in terms of value of their holdings in the Sensex constituents. From Rs 16,721 crore on June 30, 2005, MFs' holdings moved to Rs 34,099 crore on March 31. As a percentage of the total market cap of Sensex, the movement was from a measly 1.8 per cent to 2.4 per cent.

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