News From Press MFs, FIIs place contra bets on Sensex stocks

MFs, FIIs place contra bets on Sensex stocks

Source: The Hindu Aug 3, 2016

Mutual funds have increased their stake in many companies that are part of the BSE Sensex, even as foreign institutional investors (FIIs) have pared their holdings in the three-month period between April and June.

According to the latest shareholding data, mutual funds (MFs) have emerged as a strong counter force to FIIs by increasing their stake in as many as 11 Sensex stocks in which FIIs reduced their exposure in the June quarter.

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