Indian Investors Exit – FII Holding at Highest Level
Key Indian Benchmark Indices are up whopping 30% in the last 13 Months. Foreign Institutional Investors have bought total Equity of US$31 billion since then and their ownership of Indian equities has reached all-time highs. In contrast, domestic institutional flows have been negative (US$15 billion).
We can ascertain that one of the pockets where Domestic Investors have redeemed is the Insurance Related ULIPs to the tune of $3Bn in Nov-Dec 2012.. Investors were struck in these non yielding instruments sold by private Indian insurance companies which was a big day time loot and the Indian Government did little while complaints against Insurance Sector Piled up. With rising market, the average Indians (more…)
We present to you the view of Madhusudhan Kela, Sr. Fund Manager and Chief Investment / strategist Officer with Reliance Capital Asset Management company on the occasion of Diwali.