Top 5 Holdings of LIC

This post is in continuation of my coat tailing series (see here)

To know what other top investors are  buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter

Life Insurance Corporation of India is India’s largest life insurer and one of the biggest investors in the Indian Equity Markets.

Its top 5 holdings as on 30 June,2017 as per stock exchanges is as given below


Company Name Symbol Entity Value (In Crores)
ITC Limited ITC Life Insurance Corporation of India 52,388
Reliance Industries Limited RELIANCE Life Insurance Corporation of India 21,080
Oil & Natural Gas Corporation Limited ONGC LIFE INSURANCE CORPORATION OF INDIA 19,275
Tata Consultancy Services Limited TCS LIFE INSURANCE CORPORATION OF INDIA 18,047

Top 5 Indian Companies By Market Cap

Source: FE

Rank Company Market Cap (In Crores)
1 TCS 4,74,479.05
2 Reliance 3,56,173.98
3 HDFC Bank 3,28,132.19
4 ITC 2,93,523.65
5 Infosys 2,39,984.78

Portfolio of EuroPacific Growth Fund

This post is in continuation of my coat tailing series (see here)

To know what other top investors are  buying/holding/selling in India, subscribe to our Investor Wisdom Newsletter

EuroPacific Growth Fund is one of the largest FII investors in the Indian markets.

Its significant holdings in India as on 31 March,2016 as per Stock Exchanges is given below:

Company Name Symbol Entity Name Date End # of Shares % Value (In Crores)
Grasim Industries Limited GRASIM EUROPACIFIC GROWTH FUND 201603 1727954 1.85 734.68
HDFC Bank Limited HDFCBANK Europacific Growth Fund 201603 98038464 4.77 11185.21
Housing Development Finance Corporation Limited HDFC EUROPACIFIC GROWTH FUND 201603 67066265 4.25 7819.93
ICICI Bank Limited ICICIBANK EUROPACIFIC GROWTH FUND 201603 1.3E+08 2.99 2945.67
Idea Cellular Limited IDEA Europacific Growth Fund 201603 78737011 2.19 894.06
Indiabulls Housing Finance Limited IBULHSGFIN EUROPACIFIC GROWTH FUND 201603 26207577 6.27 1876.72
Kotak Mahindra Bank Limited KOTAKBANK EUROPACIFIC GROWTH FUND 201603 90708514 4.94 6424.43
Mahindra & Mahindra Limited M&M EUROPACIFIC GROWTH FUND 201603 25190000 4.29 3306.82
Maruti Suzuki India Limited MARUTI EUROPACIFIC GROWTH FUND 201603 3500000 1.16 1346.19
Motherson Sumi Systems Limited MOTHERSUMI EUROPACIFIC GROWTH FUND 201603 20000000 1.51 526.7
Power Grid Corporation of India Limited POWERGRID EUROPACIFIC GROWTH FUND 201603 2.02E+08 3.86 2921.75
Reliance Communications Limited RCOM Europacific Growth Fund 201603 56198451 2.27 290.55
Reliance Industries Limited RELIANCE Europacific Growth Fund 201603 48470015 1.54 4741.09
Tech Mahindra Ltd TECHM Europacific Growth Fund 201603 61831716 6.39 3035.94

Why Reliance investors are missing Dhirubhai Ambani

Raoji's Corner

Mukeshbhai as a wealth destructor

There was an interesting article in Value Research Online on how Warren Buffett calculates ROE

Basically,he uses “owner’s earnings” to calculate ROE which is computed as below:

Owner earnings = Net income + Depreciation and Amortisation – Capital expenditures

The good folks at Value Research used this measure on Nifty companies and lo and behold, they found that Reliance has an ROE of -13.84% as opposed to a reported ROE of 11.92%

No doubt the heavy capex of Reliance is playing a role in having a negative ROE

But if the cash flows now don’t kick in, Mukeshbhai may well turn out to be the biggest wealth destructor India has ever seen.