Life Insurance Corp. of India (LIC) and asset management companies (AMCs) have purchased shares worth an estimated $2 billion in technology companies during the March quarter, a Mint analysis of stock exchange data showed.
This is the highest purchase by fund managers in a single quarter, based on the average price of shares traded during the period. The price is determined by the volume-weighted average price (VWAP), taking both volume and price into account.
As stocks of IT, telecom and technology companies kept falling over their declining margins, below-par financials and a weakening dollar, the country’s mutual fund managers and insurance behemoth LIC rushed to increase their holdings in these companies by an estimated ₹16,400 crore during the January-March period.
Simply put, VWAP can be explained thus: if a fund buys 1,000 shares at ₹10 apiece and another 500 shares at ₹12 apiece, the VWAP of the share is ₹10.66 (1,000X10) plus (500X12)/1500.
While LIC invested an estimated ₹5,930 crore in top tech firms, MFs raised their holdings in 45-odd listed IT, telecom and technology firms by an estimated ₹10,470 crore, according to the VWAP calculation.
この記事は Mint Mumbai の May 08, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Mint Mumbai の May 08, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Hypersonic weapons in the age of A!: Be careful
Indias hypersonic missile marks a leap and updates its nuclear deterrence. But dangers lurk in the global race for these speedy and sneaky weapons, wit/z AI -use posing new risks
How to make Elon Musk's budget-slashing dreams come true
Any serious fiscal policies must go through Congress. That may end up being the key test of DOGE and Trump
BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION
They deliver on the job, but many employees are just going through the motions with one eye on the exits
Viksit Bharat needs big plans and coordinated action
Let's transform manufacturing and agriculture, decarbonize the economy and unleash growth led by women
Indonesia will need to tread a fine line after T rump's return
Jez/farms relations with China mustn,t send out the wrong signals
What if Donald Trump keeps his promises on economic policy?
The 2024 US election is one of those rare instances where there is palpable fem that the winner will actually follow through
The Indian state is still to fully unshackle our economy
Economic success needs the state to function as an enlightened referee and be less statist
Let's tackle the harsh realities of mental health at the workplace
Ensure an inclusive work environment with policies of reasonable accommodation and support
How working abroad gives young Indians a wealth edge back home
Working overseas gives them the advantage to earn in stronger currencies and benefit from exchange rates
FALLING MARKETS ARE JUST WHAT YOU NEED: HERE'S WHY
For some of you, a market downturn may be an ideal time for a complete financial reset
