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Foreign investors bet on Ambani backed Reliance; holdings rise to record high

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      Foreign portfolio investors now hold a record 24.9% in Mukesh Ambani backed Reliance Industries as of March 2021. This is much higher than the average 20% that FPIs have held in the conglomerate over the last decade.

      The Euro pacific funds and Government of Singapore were among the top FPI investors in RIL with stakes of 2.7% and 1.2% respectively.

      Domestic mutual funds however has reduced their exposure in RIL to nearly a 3 year low of 4.3% in March from a peak of 5.3% in June 2020. This could be attributed to the underperformance by the heavyweight. RIL’s stock has underperformed the Nifty 50 by 36% in the past six months.

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