In the latest declared shareholding pattern by ICICI Bank and Axis Bank for the December 2021 quarter, it was seen that Foreign Portfolio Investors (FPIs) or Foreign Institutional Investors (FIIs) has done profit-booking, what are the reasons behind this reduction in stake of FIIs in ICICI & Axis Bank, let’s talk more about the same in this article as we move ahead.
Due to the development of other asset classes against the equity, there might be some volatility in the equity asset class. Also, due to the same reasons, the stocks which have received premium or overvaluation might suffer rationalization in the calendar year 2022. Hence one should not follow the lumpsum manner of investing and should follow a staggered way of investing.
Disclaimer: The information here is provided for reference purposes only and should not be misconstrued as investment advice. Under no circumstances does this information represent are commendation to buy or sell stocks or MF.
Originally Published On: https://blog.investyadnya.in/why-fiis-reduce-their-stake-in-icici-and-axis-bank/