For a quarter now, #FIIs have been taking quite a bit of money out from the Indian markets. But how significant is this retreat in the larger scheme of things? How bad is it? Our research team decided to dig deeper and they did find some gold. Read on.
(1/6)
(1/6)
The FIIs have withdrawn about ₹1.05 Lakh Cr from India till date. That’s a massive amount. But the question is, how much is still invested in #India? The answer is a whopping ₹44.5 Lakh Cr. Compared to last year, there was actually a gross addition of ₹3.3 Lakh Cr. (2/6)
Not looking like a doomsday situation after all. Here’s something to note about how FII holding has changed over the last year - the biggest drop is in banks where the holding dropped from 20.4% to 17.3%. They also dropped their holdings in financial services. (3/6)
Is this a commentary on the #IndianBanking space? Hard to say, at the moment. The other sector that has seen a drop in FII holdings is #automobiles and auto components. The drop is almost 1% compared to last year. Not racing towards India’s e-vehicle plan, it seems like! (4/6)
What FIIs seemed to have put money behind is #software and services. They seem to have increased their holdings in these to 14.9%, compared to 13.4% last year. (5/6)
The lesson for us is clear: numbers in isolation don’t tell the whole story. A little bit of perspective never hurt anybody. Always look at the context in which the numbers are presented, especially when making decisions on their basis. Till next time. #WealthManagement (6/6)
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