MOSL: Morning India (20/September/19): 1. India Strategy (The ‘In And Out’ of Institutional Flows); 2. Technology (BFS: Weakness in vendor traction & client budgets not broad-based yet!)
MOrning India (20/September/19): 1. India Strategy (The ‘In And Out’ of Institutional Flows); 2. Technology (BFS: Weakness in vendor traction & client budgets not broad-based yet!)
Today’s top research theme
India Strategy : The ‘In And Out’ of Institutional Flows
- Contrasting trends were observed in DII and FII flows over the last decade. Over CY09-19, FII flows dominated with inflows of USD107b v/s DII outflows of USD22b. However, over CY15-19 YTD, DII flows dominated with inflows of USD51b v/s FII inflows of just USD16b.
- Our analysis reveals strong positive co-relation of FII flows and market returns. Over CY04-18, FII flows have been positive for 12 calendar years and the Nifty has delivered positive returns in 11 of these 12 years.
- FII holdings in India stand at USD418b (Sep'19). From a top-down perspective, FII holdings seem concentrated - the top-25 stocks account for 65% and the top-10 for 49%.
- DII holdings in India stand at USD261b (Sep'19). DII holdings seem relatively less concentrated - top-25 stocks account for 57% and the top-10 for 40%.
Piping hot news
No stressed MSME loan to be NPA till March 2020: FM Nirmala Sitharaman to PSBs
Under this scheme, the government will give partial credit guarantee for purchases of such assets up to Rs 1 lakh crore this fiscal. The guarantee will cover up to 10% of their first loss.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
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