DII holding in listed cos falls however complete worth rises to all-time excessive

The holding of home institutional traders (DII) — home mutual funds, insurance coverage corporations, banks, monetary establishments and pension funds — as an entire declined to a 10-quarter low of 13.03 per cent as of March 2021 from 13.56 per cent as on December 31, 2020.
Net outflows from DIIs was at Rs 23,124 crore in the course of the quarter. In rupee worth phrases, DII holding rose to an all-time excessive of Rs 25.75 lakh crore by this March, a rise of three.27 per cent over the past quarter.
LIC’s holding (throughout 296 corporations the place its holding is over 1 per cent) slipped to an all-time low of three.66 per cent as on March 31, 2021, down from 3.70 per cent as of December 2020 and from all-time excessive of 5 per cent as of June 2012, as per primeinfobase.com of the Prime Database Group.
According to Pranav Haldea, MD, Prime Database, this was on account of revenue reserving by India’s largest institutional investor. In rupee worth phrases although, it reached an all-time excessive of Rs 7.24 lakh crore in the course of the quarter ended March 2021 — an increase of 6.30 per cent over the earlier quarter.
The Sensex and Nifty rose by 3.70 and 5.10 per cent, respectively, on this interval. LIC additionally continues to command a lion’s share of investments in equities by insurance coverage corporations (76 per cent).
Holding of insurance coverage corporations as an entire additionally fell to a 5-year low of 4.80 per cent by March, from 5.00 per cent final December. In rupee phrases, it rose by 3.09 per cent over the earlier quarter to a brand new excessive of Rs 9.48 lakh crore in March.
Holding of home mutual funds in corporations listed on the NSE additionally fell to 7.23 per cent by March, from 7.42 per cent in December 2020.
According to Haldea, holding of mutual funds has now declined for 4 consecutive quarters, after 24 quarters of steady rise (from 2.81 per cent as on March 31, 2014 to 7.96 per cent as on March 31, 2020). Net outflows by home mutual funds stood at Rs 26,810 crore in the course of the quarter, as retail traders booked earnings. In rupee phrases, the holding of home mutual funds went up by 4.81 per cent to Rs 14.30 lakh crore from Rs 13.64 lakh crore.
Holding of overseas portfolio traders (FPIs) stood at 22.60 per cent as on March 31, 2021, down from 22.74 per cent as of December 2020, regardless of internet inflows of Rs 55,741 crore in the course of the quarter, in accordance with Haldea. In rupee phrases, FPI possession additionally reached an all-time excessive of Rs 44.66 lakh crore as of March 2021, up 6.77 per cent from Rs 41.83 lakh crore as on December 31, 2020.

According to Haldea, retail holding (people with as much as Rs 2 lakh shareholding) in corporations listed on NSE remained the identical at 6.90 per cent as on March 31, 2021. In rupee phrases, although, retail holding in corporations listed on NSE additionally reached an all-time excessive of Rs 13.63 lakh crore from Rs 12.69 lakh crore on December 31, 2020.
On an total foundation, retail holding went up in 863 corporations listed on NSE within the final one quarter. The common inventory value of those corporations in the identical interval elevated by 5.52 per cent. On the opposite hand, retail holding went down in 713 corporations. The common inventory value of those corporations elevated by a a lot greater 15.57 per cent. This additional validates the oft-used phrase that “retail buys at the peak and sells at lows”, Haldea mentioned.

He mentioned the share holding of personal promoters in corporations listed on NSE elevated marginally to 44.85 per cent as on March 31, 2021 from 44.32 per cent on December 31, 2020. Over a 12-year interval (since June 2009), non-public promoter possession has been steadily growing, having elevated from 33.60 per cent on June 30, 2009. In rupee phrases, non-public promoter holding in corporations listed on NSE has gone up over 6 occasions to Rs 88.63 lakh crore from simply Rs 14.51 lakh crore on June 30, 2009, aided by new listings. While ‘Indian’ non-public promoters’ holding has gone up from 26.45 per cent to 35.95 per cent over the past 12 years, ‘foreign’ promoters’ holding has gone up from 7.16 per cent to eight.90 per cent.