IEX: Mutual funds slash stake while FPIs and retail investors raise exposure in June quarter
cut their stake in
Indian Energy Exchange
(IEX) during Q1, while
foreign portfolio investors
(FPIs) and
retail investors
raised their holdings, BSE data shows.
Mutual funds had a holding of 27.83% in IEX as of June quarter against a holding of 28.14% in March quarter. The data further showed that ICICI Prudential Mutual Fund,
SBI Mutual Fund
, Mirae Asset Mutual Fund, and
Parag Parikh Mutual Fund
held Indian Energy Exchange in their portfolios.
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Among the four fund houses, SBI Mutual Fund had 9.57% holding in IEX as of June quarter. Parag Parikh Mutual Fund and ICICI Prudential Mutual Fund had 5.06% and 4.73% respectively and Mirae Asset Mutual Fund had 2.35% holding in this stock.
As of June quarter, foreign portfolio investors had 18.53% holding in IEX up from 16.12% in March quarter, according to BSE quarterly data.
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Under Foreign Portfolio Investors Category I, Massachusetts Institute Of Technology had a holding of 1.63% and in Foreign Portfolio Investors Category II, Aquamarine Master Fund L.P had 1.05% holding.
Public shareholding data shows that the retail investors holding has increased from 28.09% in March 2025 to 29.42% in June 2025 (individual shareholders holding nominal share capital up to Rs 2 lakh) whereas holding for individual shareholders holding nominal share capital in excess of Rs 2 lakh has just declined marginally to 1.56% in June from 1.57% in March.
Shares of IEX have crashed nearly 28% to the day's low of Rs 135.2 on NSE after the Central Electricity Regulatory Commission (CERC) formally approved the implementation of market coupling for India's power sector.
Also Read |
Who is Madhu Lunawat? The first Indian woman to launch a mutual fund business
The CERC's order, issued late Wednesday, sets in motion the coupling of the Day-Ahead Market (DAM) by January 2026, under which multiple power exchanges will submit buy and sell orders to a central Market Coupling Operator (MCO). The MCO will aggregate these bids to discover a single market-clearing price across platforms. This development is expected to have significant implications for IEX, which currently holds a dominant position in the day-ahead and real-time segments of electricity trading.
The stock, which was already under pressure in recent sessions, opened with a significant gap down and hit the lower circuit limit, triggering widespread investor concerns.
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