MFs' share in NSE firms rises to a new high
Financial Express Mumbai|February 08, 2024
DOMESTIC INSTITUTIONAL INVESTORS have strengthened their holdings in listed entities, buoyed by inflows from retail investors.
SIDDHANT MISHRA

Data by primeinfobase show that the share of domestic mutual funds (MFs) in NSE-listed companies touched an all-time high of 8.81% at the end of the December quarter, up from 8.73% as on September 30, powered by a net inflow of ₹58,198 crore.

anc However, the share of Life InsurCorporation of India (LIC) declined to an all-time low of 3.64% as on December 31, from 3.73% as on September 30. This was across 277 entities in which its holding exceeds 1%. According to Pranav Haldea, MD of PRIME Database Group, this was primarily on account of profit booking to take advantage of the bullish markets.

Insurance companies sold a net ₹15,622 crore during the quarter, mostly attributable to LIC as it commands a substantial chunk of investments by insurers in equities (close to 68% share or 13.02 trillion).

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