Kotak shares valuable information for investors | Yes Bank, Bandhan Bank, Tata Power, FPIs, MFs

Kotak Institutional Equities highlights ownership Navigator, sequential changes in September 2020 quarter. The September 2020 quarter witnessed Rs 469 bn of buying by FPIs (Foreign portfolio investment). FPI holding (including ADR and GDR) in the BSE-200 Index increased to US $415 bn in the September 2020 quarter from US $360 bn at the end of the June 2020 quarter. FPI ownership in the BSE-200 Index stood at 23.3% in September 2020. FPIs were net buyers in banks, diversified financials, IT services and oil, gas & consumable fuels sectors. DIIs holding in the BSE-200 Index declined to 13.6% in the September quarter from 14% at the end of the June 2020 quarter. DIIs sold IT services, oil, gas & consumable fuels and pharmaceuticals sectors. BFIs stand for Banking, Finance, Insurance and Securities.  

Highest increase in stake:

FPIs – Bandhan Bank, Yes Bank and Laurus Labs
MFs – CEAT, Mindtree and Bandhan Bank
BFIs – IndusInd Bank, Gujarat Pipavav Port and MRF

Highest decrease in stake:

FPIs – HCG, Indiabulls Housing and Equitas Holdings
MFs – HCG, Future Retail and Emami
BFIs – Yes Bank, Tata Power and Sadbhav Engineering

Key sectoral changes:

FPIs – bought banks, diversified financials and oil, gas & consumable fuels
MFs – sold consumer staples and oil, gas & consumable fuels
BFIs – sold IT services, oil, gas & consumable fuels and pharmaceuticals

Overweight/underweight sectors:

FPIs were overweight on banks, diversified financials and IT services; underweight on consumer staples and pharmaceuticals.
MFs were overweight on electric utilities and pharmaceuticals; underweight on diversified financials and IT services

Notes:

Assumption: BSE-200 is the primary investable universe for institutions
FPIs include ADR/GDR
BFIs include banks, financial institutions and insurance companies
Others include entities such as corporate bodies, HUF, NRI and trusts
LIC portfolio only comprises stocks with more than 1% holding