 While we analyse a what is big money, we have to look at the

participants of capital market.

 There are four types of investors, 1. FII ( foreign institutional investor ),
2. DII( domestic institutional investor), 3. NII or HNI( non institutional
investor or High net-worth individuals), 4. RII ( Retail individual investor).

1. FII( Foreign Institutional investor ) : FII are those who generally invest
outside of the country where they are registered. FIIs include hedge
funds, insurance companies, pension funds, investment banks,
mutual funds and government authority. Some of the countries that
have the highest levels of foreign institutional investment are those
that have developing economies, which generally provides investors
greater growth potential than mature economies. This is one of the
reasons FIIs are commonly found in India, where the economy is
growing rapidly and encourage single companies to invest in.
All FIIs in India are required to register with the Securities and
Exchange Board of India (SEBI) for participation. But there are many
regulations out there. For example, FIIs are generally limited
to an investment of no more than 24% of the paid-up capital of the
Indian company receiving the investment. However, FIIs may invest
more than 24 per cent if the investment is approved by the Board of
Directors of the company and a special resolution is adopted. 
The limit for FII investment in Indian public banks is only 20% of the
banks' paid-up capital. For FIIs, there are two reasons to invest in
emerging market. The first one is global liquidity and other one is
macro factors. While there are three reason to withdraw their capital
from EM which are strengthening of U.S dollar , Tightening of
liquidity and rising Inflation (or rising interest rate in u.s). A few
known FIIs are government of Singapore , Goldman sach , Europacific
growth fund , JP Morgan , and others. Till today there are 10773 FIIs
registered in India.

2. DII ( Domestic institutional investor) : DII is an institutional investor

who invests in securities and other financial assets in the country of
its residence. In India there are four types of DII: Mutual fund , Indian
insurance company , Indian pension fund, banks and other financial
 companies. In India, domestic institutional investors play a very
important role in the development of the Indian stock market,
especially if foreign institutional investors are the net sellers of the
country. While asset under management (AUM) of mutual fund is
around 38,00,000 cr and these all are highly regulated in India
because its ultimate beneficiaries are retailers of India. A few known
DIIs are LIC, HDFC mutual fund, ICICI mutual fund , and others.

3. NII or HNI (Non – institutional investor or High networth investor) :

Generally, any individual who has investible surplus of ₹ 5 crore or
more is considered to be a High Net-worth Individual. In india Rakesh
Jhunjhunwala , Radhakishan Damani, Doly Khana , Ashish Kacholiya
and others are well known HNI in India . These investors may have
psychological impact on the stock market sentiment.
4. RII ( retail individual investor) : Retail Individual Investors are those
who are looking for investment upto 2 lakh in individual securities.