Foreign institutional investors's ownership or FII holdings in the Nifty-500 companies fell to a 5-year low, declining 140 basis points quarter-on-quarter to 21% in the January to March quarter, according to note from Motilal Oswal.
Compared year-on-year, it is a decline of 80 basis points. FII ownership as a proportion of free float of the Nifty-500 declined 180 bps quarter on quarter to 42.3%, the report said.
FIIs reduced ownership in 67% of Nifty-500 companies and 90% of Nifty-50 companies on a quarter-on-quarter basis. The Nifty fell over 30% in the January to March quarter, hit by record outflows from FIIs amid the coronavirus crisis.