Data by primeinfobase shows that the share of domestic mutual funds (MFs) in NSE-listed companies touching an all-time high of 8.81% at the end of the December quarter, up from 8.73% as on September 30. The rise in holdings was powered by a net inflow of Rs 58,198 crore during the quarter.
However, Life Insurance Corporation of India’s (LIC’s) share declined to an all-time low of 3.64% as on December 31 from 3.73% as on September 30. This was across the 277 entities in which its holding exceeds 1%. LIC is the country’s largest institutional investor. According to Pranav Haldea, MD of PRIME Database Group, this was primarily on account of profit-booking to take advantage of the bullish markets.
Insurance companies sold a net Rs 15,622 crore during the quarte…