LIC Reduced Its Holdings In The Second Quarter

LIC's holdings in 281 NSE-listed companies where it owns more than 1% of the stock declined to 3.69% of the total market value of these companies as of September 30. This is a decrease from 3.91% at the end of September last year and an all-time high of 5 percent in June 2012. The overall shareholding of domestic institutional investors (DIIs) fell to a three-year low in the second quarter of FY22. As of September 30, LIC's stock investment had hit an all-time high of $9.39 trillion, an increase of 11.4 percent over the preceding months. Domestic institutional investors' shareholding dropped to a three-year low of 13.12 percent in September, down from 13.94 percent the previous year.

This is the case even though domestic institutional investor inflows increased to 132,019 crores in the quarter. Foreign portfolio investors' stakes in NSE-listed companies fell to 21.47 percent as of September 30, down from 21.52 percent the previous year. Institutional investor interest increased in public sector banks, healthcare, private banks, insurance, automobiles, retail, consumer, and non-banking financial enterprises. Retail holdings reached an all-time high of $18.16 trillion, according to Prime Database.