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Equity Ownership Trends Across Investor Classes

India’s equity ownership structure shows a shift in the past 12 quarters, with domestic institution investors increasing share while foreign institution ownership continuing to decline .

FII ownership continues to decline across indices, near 12-quarter lows In the current quarter ending March 2026 , this trend continues .

FII ownership has declined across indices, with the Nifty 50 at 22.8%, the NSE Midcap 150 at 13.8%, the NSE Smallcap 250 at 11.2%, and the NSE 500 at 17.6%, all of them at the lower end of the 12-quarter range . This reflects continued reduction in foreign participation and a cautious stance toward India’s equities over the period .

DII ownership shows steady uptick across indices

DII ownership has increased steadily in the past 12 quarters and remains at or near peak levels, with the Nifty 50 at 24.9%, the NSE Midcap 150 at 16.8%, the NSE Smallcap 250 at 15.5%, and the NSE 500 at 19.9%.

Domestic investors have consistently added across large caps, midcaps, and small caps, indicating sustained participation and a gradual increase . Promoter ownership picks up in the March 2026 quarter, after the recent decline

Promoter ownership declined in the past four quarters and was at the lower end in December 2025 across indices .

While, in the current quarter, promoter share increased across indices, with the Nifty 50 at 41.0%, the NSE Midcap 150 at 54.9%, the NSE Smallcap 250 at 52.6%, and the NSE 500 at 49.4%. Promoter ownership was at higher levels in FY 24 and has shown recovery after the recent decline .

Public ownership remains mixed across indices

Public & Others ownership shows mixed trends : while participation remains higher in the NSE Small Cap 250 at 20.8%, ownership in the Nifty 50 has declined to 11.3% and is at the lower end of the 12 quarters while the Nifty Midcap 150 and the Nifty 500 are stable QoQ. This suggests retail flows remain uneven across market caps .

Sector-Wise Ownership Trends Across Investor Classes

FII: Sector-wise Ownership Trend

Despite a decrease in FII ownership across market caps, sector -wise FII ownership shows mixed movement . Uptrends are seen in chemicals, industrials, metals, sugar, telecom, and textiles . Downtrends are visible in auto, banks, cement, consumer discretionary, diversified, energy, financials, FMCG, healthcare, IT services, real estate, transportation, and utilities . This indicates sector -wise variation rather than overall decline .

DII: Sector-wise Ownership Trend

DII ownership has been increasing across market caps, and this is reflected across sectors . On a QoQ, higher additions are in auto, cement, chemicals, diversified, healthcare, industrials, IT services, media, real estate, sugar, telecom, textiles, transportation, and utilities . Minor decline is visible in banks, consumer discretionary, financials, FMCG, and metals .

Promoter: Sector-wise Ownership Trend

Promoter ownership shows limited changes across sectors . On a QoQ basis, increases are seen in banks, energy, financials, FMCG, industrials, media, real estate, and sugar . Declines are visible in auto, cement, chemicals, consumer discretionary, diversified, healthcare, metals, telecom, textiles and transportation .

Public & Others: Sector-wise Ownership Trend

Public ownership shows mixed and uneven movement across sectors . On a QoQ basis, increases are seen in auto, cement, chemicals, consumer discretionary, diversified, financials, healthcare, FMCG, and transportation . Declines are visible in banks, energy, industrials, IT services, media, metals, real estate, sugar, telecom, textiles, and Utilities . Retail participation still varies across sectors .