New Delhi: Foreign institutional investors (FIIs) have pulled out Rs 8,400 crore from local stocks since the beginning of this year. But they are still overweight on some financial sector stocks as the following tables send by Edelweiss Securities show.
There are three financial services companies in the top 10 overweight list of FIIs. Compare this to mutual funds preferences, you will find only two banking stocks in their top 10 overweight list.
Overall, FIIs seems to prefer more privately owned companies.