Fairval

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Shareholding of Indian markets

Posted by fairval on August 29, 2010

An interesting chart from an Alchemy report. Note the sharp rise in holding percentage of DIIs. All the ULIP money pouring into insurance cos seems to have become quite sizable. The difference with FIIs is not much. FIIs will still drive the markets, tho, since hedge fund money can enter and exit far more easily than insurance money. For ex, if FIIs think indian markets are overvalued, they can easily sell $3bn worth in one month. And at these valuations, insurance companies arent going to be willing buyers.

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