Foreign institutional investors (FIIs) are investors in a country who are from another country. In other words, they are registered investors of the foreign country.
FIIs can be a single individual or usually a fund. In case of a fund, they can be of various types like long-only funds or hedge funds (which can go short on the market too).
They can be pension funds, mutual funds, insurance funds, private portfolio investment funds, hedge funds, private equity funds, venture capital funds, investment banks, etc. They can invest in equity, markets, debt markets, or both, depending on the type.
All FIIs must be registered with SEBI to participate in the Indian financial markets.
To know which stocks FIIs are buying, check out Equitymaster’s Indian stock screener.
This screen tracks the stocks recently bought by FIIs in India and the stocks recently sold by FIIs in India.