Chapters in Institutional Flows, Ownership & Risk
Chapter 1 of 5 · 4 min read
FII and DII data explained
Foreign and domestic institutional flows show who is net buying or selling Indian equities.
FIIs (foreign institutional investors, also called FPIs) and DIIs (domestic institutions such as mutual funds and insurers) report net buy or sell figures for the cash segment. Positive net FII buying means foreigners added exposure that day. In recent cycles, DIIs have often absorbed FII selling.
Daily flows are noisy. Use several sessions together with index price action; flows alone do not predict the next day.
What drives FII flows
- US yields and the dollar.
- Relative valuation of India versus other emerging markets.
- Rupee outlook and earnings growth.
- Global risk appetite.
Key takeaways
- Net flows show who is absorbing supply, not where price goes next.
- Look at multi-day and monthly totals.
- DII buying has cushioned FII selling in many phases.
Put it into practice
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Keep learning
- Mutual fund holdings and portfolio overlap · Institutional Flows, Ownership & Risk
Education only, not investment advice. Updated 2026-10-09.