Instanex, a new index like Nifty and Sensex.
A new index, namely the Instanex FII index came into existence to compete Nifty and Sensex. It will track the 15 stocks in which FII funds have been invested. These stocks account for 55 per cent of the market cap of the FII holdings in India.
Since FII are the most successful investors in India and their investments and disinvestments (Inflows and outflows) also determine the direction of Indian stock market.
The index is for those investors who want to replicate what the FIIs do in the market says
Mr Gautam Chand, chairman and Ceo, Instanex Capital Consultants Pvt Ltd.
The FIIs, according to Instanex Capital statistics, have outperformed the DDIs (Domestic Institutions Investors) by over 10 per cent in the last five years. Earlier, they used to outperform the DIIs by three per cent annually but because 2008 was a bad year, the average has come down. The FIIs have also outperformed the corporate investors. Among the top four stocks of the 15 stocks in which the FII have put in most of their money are RIL, Bharati, HDFC and Infosys in the order.
The top 15 stocks account for 55 per cent of the market cap of the entire FII holding in India and the top 100 stocks they own account for 90 per cent of their holdings in India. This shows that FII have concentrated investments in India.
Instanex FII index will give the value of the portfolios owned by the FIIs.
Instanex FII Index at close on Thursday, February 12, 2009
Closing Report 12-Feb-09 % Change Weight
INSTANEX FII INDEX 215.37 -1.90% 100.00%
Reliance Industries 1,351.55 -2.35% 16.24%
Bharti Airtel 650.85 -3.46% 13.36%
HDFC 1,525.05 -0.30% 12.56%
Infosys Techn 1,254.55 -3.69% 11.66%
ICICI Bank 421.40 -3.22% 8.45%
BHEL 1,410.70 -2.62% 5.44%
HDFC Bank 933.85 0.04% 5.36%
ITC 178.30 -1.08% 4.59%
HUL 258.70 -0.08% 4.12%
ONGC 693.60 -1.90% 4.09%
SBI 1,159.20 0.03% 3.77%
NTPC 179.85 -0.14% 2.97%
L&T 682.45 -0.97% 2.69%
TCS 509.90 -0.81% 2.57%
Sun Pharma 1,108.85 1.14% 2.13%
A new index, namely the Instanex FII index came into existence to compete Nifty and Sensex. It will track the 15 stocks in which FII funds have been invested. These stocks account for 55 per cent of the market cap of the FII holdings in India.
Since FII are the most successful investors in India and their investments and disinvestments (Inflows and outflows) also determine the direction of Indian stock market.
The index is for those investors who want to replicate what the FIIs do in the market says
Mr Gautam Chand, chairman and Ceo, Instanex Capital Consultants Pvt Ltd.
The FIIs, according to Instanex Capital statistics, have outperformed the DDIs (Domestic Institutions Investors) by over 10 per cent in the last five years. Earlier, they used to outperform the DIIs by three per cent annually but because 2008 was a bad year, the average has come down. The FIIs have also outperformed the corporate investors. Among the top four stocks of the 15 stocks in which the FII have put in most of their money are RIL, Bharati, HDFC and Infosys in the order.
The top 15 stocks account for 55 per cent of the market cap of the entire FII holding in India and the top 100 stocks they own account for 90 per cent of their holdings in India. This shows that FII have concentrated investments in India.
Instanex FII index will give the value of the portfolios owned by the FIIs.
Instanex FII Index at close on Thursday, February 12, 2009
Closing Report 12-Feb-09 % Change Weight
INSTANEX FII INDEX 215.37 -1.90% 100.00%
Reliance Industries 1,351.55 -2.35% 16.24%
Bharti Airtel 650.85 -3.46% 13.36%
HDFC 1,525.05 -0.30% 12.56%
Infosys Techn 1,254.55 -3.69% 11.66%
ICICI Bank 421.40 -3.22% 8.45%
BHEL 1,410.70 -2.62% 5.44%
HDFC Bank 933.85 0.04% 5.36%
ITC 178.30 -1.08% 4.59%
HUL 258.70 -0.08% 4.12%
ONGC 693.60 -1.90% 4.09%
SBI 1,159.20 0.03% 3.77%
NTPC 179.85 -0.14% 2.97%
L&T 682.45 -0.97% 2.69%
TCS 509.90 -0.81% 2.57%
Sun Pharma 1,108.85 1.14% 2.13%
