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Retail holding at all time high while MFs reduce stake
TIWN
Retail holding at all time high while MFs reduce stake
PHOTO : TIWN

New Delhi, Aug 9 (TIWN) Holding of retail investors (individuals with up to Rs 2 lakh shareholding) in companies listed on NSE reached an all time high of 7.18 per cent as on June 30, 2021, from 6.96 per cent as on March 31, 2021, as per primeinfobase.com, an initiative of PRIME Database Group.

In Rs value terms too, retail holding in companies listed on NSE reached an all-time high of Rs 16.18 lakh crore from Rs 13.94 lakh crore on March 31, 2021, an increase of 16 per cent (Sensex and Nifty rose by 6.01 and 7.02 per cent respectively during this period). 

According to Pranav Haldea, Managing Director, PRIME Database Group, a buoyant secondary market and a flurry of new listings have helped in channelising retail savings into the capital market.  Holding of High Net Worth Individuals (HNIs) (individuals with more than Rs 2 lakh shareholding), in companies listed on NSE also increased to 2.10 per cent as on June 30, 2021 from 1.98 percent on March 31, 2021, taking the combined retail and HNI holding to an all time high of 9.28 per cent.  Holding of domestic Mutual Funds in companies listed on NSE, however, reduced marginally to 7.25 per cent as on June 30, 2021 from 7.26 per cent as on March 31, 2021. According to Haldea, holding of Mutual Funds has now declined for five consecutive quarters, after 24 quarters of continuous rise (from 2.80 per cent as on March 31, 2014 to 7.96 per cent as on March 31, 2020). The holding has fallen despite net inflows by domestic Mutual Funds of INR 12,069 crore during the quarter. In Rs value terms though, the holding of domestic Mutual Funds went up by 12.30 per cent to an all time high of Rs 16.33 lakh crores as on June 30, 2021 from Rs 14.54 lakh crores on March 31, 2021.

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