Domestic institutional investors (DIIs) recorded their first outflows in 2020 after five years of inflows. This is at odds with bulge bracket FIIs powering the indices to fresh highs virtually daily, as on Monday the BSE Sensex powered to a new peak crossing 49,000.
According to a report by Motilal Oswal Institutional Equities, in calendar year 2020, while FIIs inflows were at a record highs, outflows by DIIs were at fresh highs too.
FII inflows for CY20 were strong at $23.4 billion – the highest since CY12. However, DIIs recorded their first outflows (-$4.9 billion) after five years of inflows.
In CY20, mid-caps were up 22 per cent. Over the last five years, the mid-cap index has underperformed the Nifty by 20 per cent.
Read More: https://www.bhaskarlive.in/domestic-funds-see-outflows-after-5-yrs/
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