The equity ownership pattern of institutional investors for the quarter ended March 31 shows acute concentration of investments, with three fourths of their portfolios in just 40 stocks, a report by Kotak Institutional Equities observes.
Forty stocks account for 75 per cent of FPIs’ equity portfolio in India, with HDFC Bank, Reliance Industries and HDFC being the top picks.
Similarly, 40 stocks account for 74 per cent of the portfolio for banks, financial institutions and insurers, with RIL, ITC and TCS being the favourites.
LIC's portfolio was the most concentrated among institutional investors, with 40 stocks accounting for 81 per