Sat. Nov 28th, 2020

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HNI holdings in Nifty companies soar in Q1

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Holdings of high net-worth individuals (HNIs) in 479 companies in the Nifty 500 index climbed to at least a 10-quarter high in the April-June period.

Market data showed the ownership of HNIs in the companies under review for NSE 500 index was 3.17% by percentage shares in the June quarter compared to 3.09% in the previous three months, while it was 2.98% in the same period last year. By value, HNI holdings in these companies was 1.69% or 2.20 trillion in the June quarter from 1.68% or 1.76 trillion in the previous quarter.

For 1,594 firms among all listed companies on the NSE, HNIs’ holdings increased to 1.84% by June-end from 1.78% in March. In absolute value terms, HNI holding was 2.50 trillion in April-June, an increase of 28.12% over the previous quarter. HNI ownership by value percentage for all listed firms went up to 3.73% in the quarter ending June from 3.61% quarter-on-quarter.

In the three months ended March, benchmark indices had crashed around 29% with a more than 20% slump in a single day in the month while the markets gained nearly 19% in the April-June period.

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