The share of institutional investors, mainly foreign portfolio investors (FPIs) and mutual funds (MFs), in trading turnover saw a sharp decline in June, when the benchmark indices posted a 5 per cent gain.
FPIs accounted for 12.2 per cent of the average daily turnover in the cash segment, while MFs’ participation accounted for 4.2 per cent of the volume.
This was significantly lower than May, when FPIs accounted for nearly a fifth of volumes, and domestic MFs accounted for about a tenth.
