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What foreign portfolio investors (FPIs) and India's active equity funds bought and sold in Financial Services, month by month, and the companies the funds moved into and out of.
FPI figures: CDSL’s fortnightly sector report, equity. Latest fortnight 16–31 Oct 2026. Mutual funds: every active equity fund’s monthly portfolio, latest month both sides are in: October 2026.
Each side’s net buying in Financial Services as a percent of what it held in the sector, so the two compare on one scale. Above the line: bought more than sold.
Net buying by active equity funds in each company of the sector, at month-end prices (a price move is not buying), across the funds that disclosed both months. FPIs are reported by sector only, so there is no company split for them.
| Company | Net | Bar | Added / cut | Funds holding |
|---|---|---|---|---|
| BSE Limited | +₹992 Cr | 47 / 18 | 113 | |
| Billionbrains Garage Ventures Ltd | +₹953 Cr | 43 / 8 | 106 | |
| Axis Bank Limited | +₹919 Cr | 63 / 36 | 219 | |
| HDFC Bank Limited | +₹837 Cr | 58 / 48 | 264 | |
| Kotak Mahindra Bank Limited | +₹488 Cr | 82 / 42 | 200 | |
| Multi Commodity Exchange of India Limited | +₹362 Cr | 44 / 20 | 178 | |
| Bank of Baroda | +₹351 Cr | 9 / 3 | 35 | |
| HDFC Asset Management Company Limited | +₹333 Cr | 10 / 6 | 67 | |
| The Federal Bank Limited | +₹322 Cr | 29 / 25 | 109 | |
| Power Finance Corporation Limited | +₹317 Cr | 10 / 6 | 44 |
| Company | Net | Bar | Added / cut | Funds holding |
|---|---|---|---|---|
| Life Insurance Corporation Of India | −₹1,104 Cr | 9 / 18 | 73 | |
| ICICI Bank Limited | −₹958 Cr | 49 / 48 | 284 | |
| Punjab National Bank | −₹523 Cr | 7 / 4 | 13 | |
| IndusInd Bank Limited | −₹498 Cr | 13 / 27 | 85 | |
| State Bank of India | −₹476 Cr | 49 / 26 | 233 | |
| Equitas Small Finance Bank Limited | −₹292 Cr | 6 / 8 | 33 | |
| HDB Financial Services Limited | −₹225 Cr | 5 / 7 | 29 | |
| Poonawalla Fincorp Limited | −₹223 Cr | 4 / 10 | 25 | |
| LIC Housing Finance Limited | −₹213 Cr | 9 / 5 | 27 | |
| Jio Financial Services Limited | −₹192 Cr | 4 / 7 | 12 |
The sector’s share of all Indian equity each side holds, at the end of each quarter. Where funds sit heavier or lighter than foreign investors, and how that changed.
| Quarter end | Active funds | FPIs | Funds vs FPIs | Funds holding |
|---|---|---|---|---|
| Sep 2026 | 28.7% | 30.2% | −1.5 pts | 560 |
| Jun 2026 | 29.3% | 30.8% | −1.5 pts | 445 |
| Mar 2026 | 28.7% | 30.5% | −1.8 pts | 375 |
| Dec 2025 | 28.6% | 31.8% | −3.3 pts | 221 |
| Sep 2025 | 27.5% | 31.2% | −3.6 pts | 223 |
| Jun 2025 | 27.5% | 31.6% | −4.0 pts | 226 |
| Mar 2025 | 27.8% | 31.3% | −3.4 pts | 245 |
| Dec 2024 | 25.6% | 28.8% | −3.2 pts | 175 |
| Sep 2024 | 26.0% | 27.8% | −1.8 pts | 178 |
| Jun 2024 | 27.1% | 28.8% | −1.7 pts | 146 |
| Mar 2024 | 28.1% | 29.0% | −0.9 pts | 143 |
| Dec 2023 | 29.2% | 31.8% | −2.6 pts | 113 |
Plus: funds hold more of the sector than FPIs do, as a share of their equity. Grey fund counts: fewer funds in the data that quarter, so the funds’ weight is from a smaller sample.
From CDSL’s report, published twice a month: net investment in the fortnight and holdings at its end.
| Fortnight | Net investment | Bar | Holdings at the end |
|---|---|---|---|
| 16–31 Oct 2026 | −₹883 Cr | ₹19.62 L Cr | |
| 1–15 Oct 2026 | −₹8,634 Cr | ₹20.36 L Cr | |
| 16–30 Sep 2026 | −₹6,943 Cr | ₹20.01 L Cr | |
| 1–15 Sep 2026 | −₹6,204 Cr | ₹20.27 L Cr | |
| 16–31 Aug 2026 | +₹3,959 Cr | ₹21.21 L Cr | |
| 1–15 Aug 2026 | +₹6,535 Cr | ₹21.09 L Cr | |
| 16–31 Jul 2026 | −₹2,669 Cr | ₹21.13 L Cr | |
| 1–15 Jul 2026 | +₹1,975 Cr | ₹21.39 L Cr | |
| 16–30 Jun 2026 | +₹14,634 Cr | ₹21.11 L Cr | |
| 1–15 Jun 2026 | −₹11,263 Cr | ₹20.6 L Cr | |
| 16–31 May 2026 | −₹5,181 Cr | ₹19.97 L Cr | |
| 1–15 May 2026 | −₹17,960 Cr | ₹20.08 L Cr | |
| 16–30 Apr 2026 | −₹11,704 Cr | ₹20.46 L Cr | |
| 1–15 Apr 2026 | −₹19,152 Cr | ₹21.18 L Cr | |
| 16–31 Mar 2026 | −₹28,824 Cr | ₹19.05 L Cr | |
| 1–15 Mar 2026 | −₹31,831 Cr | ₹20.72 L Cr | |
| 16–28 Feb 2026 | +₹2,243 Cr | ₹23.27 L Cr | |
| 1–15 Feb 2026 | +₹6,175 Cr | ₹23.41 L Cr | |
| 16–31 Jan 2026 | −₹5,402 Cr | ₹23.03 L Cr | |
| 1–15 Jan 2026 | −₹3,190 Cr | ₹22.52 L Cr | |
| 16–31 Dec 2025 | −₹4,009 Cr | ₹23.63 L Cr | |
| 1–15 Dec 2025 | −₹6,516 Cr | ₹23.57 L Cr | |
| 16–30 Nov 2025 | −₹1,137 Cr | ₹23.83 L Cr | |
| 1–15 Nov 2025 | −₹2,041 Cr | ₹23.49 L Cr |
The latest 24 fortnights. Source: CDSL.