Foreign portfolio investors and mutual funds have been lapping of stocks of blue-chip companies in the January – March 2018 (Q4FY18) quarter with their stakes in select companies hitting an all-time high.
FPIs ownership in 13 companies from the S&P BSE200 index, such as Reliance Industries (RIL), IndusInd Bank, UltraTech Cement, Ashok Leyland and ICICI Prudential Life Insurance hit record high at the end of Q4FY18, CapitalinePlus data shows. Mutual funds’ combined stake in S&PBSE 200 companies, too, hit an all-time high of 6.3 per cent during the recently concluded quarter, up 30 basis points (bps) quarter-on-quarter.
