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Money Flow in Indian Markets: Need for more data disclosure for better insights
For the past 15-20 years, everyday, market participants look upon the NSE website for the following data. This data helps in understanding flows into Indian Equity Market by Institutional Investors
For the past 15-20 years, everyday, market participants look upon the NSE website for the following data. This data helps in understanding flows into Indian Equity Market by Institutional Investors
The data was a big deal way back 20 years ago but is the relevance same today?
Maybe or maybe not. In 2003, we were unfolding into a bull market after a 3 year downtrend and Nifty was in 3 digits. In 2020, Nifty was trading in 5 digits in the Q1.
So what exactly should we expect?
Maybe or maybe not. In 2003, we were unfolding into a bull market after a 3 year downtrend and Nifty was in 3 digits. In 2020, Nifty was trading in 5 digits in the Q1.
So what exactly should we expect?
Following are the few types of FIIs investing in India:
1)Hedge Funds
2) Foreign MF's / AMC's
3) Sovereign Wealth Funds
4) Pension Funds
5) Trusts
6) Endowments
7) University Funds
8) ETF
9) Sub Accounts /P-Notes
10) Foreign Insurance Companies.
Do we get breakup of FII data?
1)Hedge Funds
2) Foreign MF's / AMC's
3) Sovereign Wealth Funds
4) Pension Funds
5) Trusts
6) Endowments
7) University Funds
8) ETF
9) Sub Accounts /P-Notes
10) Foreign Insurance Companies.
Do we get breakup of FII data?
Similarly Indian Institutional investors can be categorised into following sections
1) AMC's (Data Available)
2) Private/Public Insurance Companies
3) Private/Public Bank Treasuries
4) AIF's
5) PMS
6) Corporate Treasury
7) Broker Proprietary Book
Do we get breakup of DII data?
1) AMC's (Data Available)
2) Private/Public Insurance Companies
3) Private/Public Bank Treasuries
4) AIF's
5) PMS
6) Corporate Treasury
7) Broker Proprietary Book
Do we get breakup of DII data?
One last piece which call complete the jigsaw puzzle is the gross buy/sell figure of Retail (individual PAN Card holders).
Reason for non availability of such break up of Data:
Some say its done so to maintain secrecy of client trades.
Agreed. But who needs the stock wise data?
Reason for non availability of such break up of Data:
Some say its done so to maintain secrecy of client trades.
Agreed. But who needs the stock wise data?
All we ask is for Gross Buy Sell Data of FII/DII with a breakup into smaller sections like mentioned above.
We don't seek names of stocks or institutions who have purchased / sold the stock.
It will help in improving market analysis.
We don't seek names of stocks or institutions who have purchased / sold the stock.
It will help in improving market analysis.
No point in just knowing how much FII bought/sold if we don't know whether the buyer/seller was a pension fund or an ETF.
All investors have to go through a rigorous KYC process while registering & exchanges in consultation with respective regulators can provide gross buy/sell
All investors have to go through a rigorous KYC process while registering & exchanges in consultation with respective regulators can provide gross buy/sell
data either on the exchange website or on the NSDL/CDSL website.
Greater disclosure and transparency in Data will help India being viewed as a potential opportunity by investors.
Hope you liked my thoughts.
To know more about me read https://twitter.com/KAnantrao/status/1238750486171271169?s=20
Greater disclosure and transparency in Data will help India being viewed as a potential opportunity by investors.
Hope you liked my thoughts.
To know more about me read https://twitter.com/KAnantrao/status/1238750486171271169?s=20
