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LIC’s holdings at all-time low; MFs’ share in NSE firms at new highs

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  1. Domestic mutual funds’ share in NSE-listed companies reached an all-time high of 8.81% in the December quarter, driven by a net inflow of Rs 58,198 crore.
  2. Life Insurance Corporation of India’s (LIC) share decreased to an all-time low of 3.64% by December 31 due to profit-booking in bullish markets.
  3. Overall, the share of domestic institutional investors (DIIs) fell slightly to 15.96%, despite net inflows of Rs 54,925 crore.
  4. Foreign institutional investors (FIIs) also saw a decline in their share to 18.19%, despite net inflows of Rs 50,588 crore.
  5. The gap between DII and FII holdings narrowed to an all-time low, with DIIs now just 12.23% lower than FIIs.
  6. Sectorally, both DIIs and FIIs increased allocation in utilities and decreased in financial services.
  7. The government’s share as a promoter increased to a six-year high of 9.38%, driven by the strong performance of several PSUs.
  8. Private promoters’ share declined to a 5-year low of 41.31% by December 31, 2023.
  9. Retail investors’ share marginally decreased to 7.57%, while HNIs’ share increased slightly to 2.06%.
  10. The combined share of retail, HNI, and MFs reached an all-time high of 18.44%.
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