Apr 13, 2023
By: bhakti.makwana@timesinternet.in
Credit: Canva
Assets under management (AUM) of top five insurance companies together make up 75 percent of life insurance AUM in India, as per a report by Nuvama Institutional Equities. The insurers are - ICICI Prudential Life Insurance, SBI Life Insurance, HDFC Life Insurance, Tata AIA Life Insurance and Kotak Life Insurance.
Credit: BCCL
Top key additions by these five insurance companies include Infosys (₹596 crore), IndusInd Bank (₹257 crore), Sona BLW Precision (₹222 crore), Astral Pipes (₹202 crore) and UNO Minda (₹178 crore).
Credit: Canva
Top key reductions were Maruti Suzuki (₹140 crore), ABB India (₹124 crore), Bajaj Finserv (₹122 crore), KPR Mill (₹121 crore) and Bharat Electronics (₹116 crore).
Credit: Canva
The top holdings of these insurers were all large companies from the Nifty50 index – HDFC Bank, Reliance Industries, Infosys, ICICI Bank, HDFC, ITC, Larsen & Toubro (L&T), Hindustan Unilever (HUL), Bharti Airtel and Tata Consultancy Services (TCS).
Credit: Canva
The insurance company sold all stocks of these companies in March – Medplus Health, Vedanta, Sula Vineyards and Paytm. New entrants to the insurer’s portfolio included Campus Activewear and Alkem Laboratories.
Credit: ICICI Prudential Life Insurance
The insurer completely exited Butterfly Gandhimati and Global Health while Tube Investments and Muthoot Finance were new entrants in its portfolio.
Credit: SBI Life Insurance
The insurance company completely exited Kajaria Ceramics while it newly invested in Tube Investments and Bluedart.
Credit: HDFC Life Insurance
The insurer sold all of its shares in Laurus Labs while it newly entered L&T Technology Services and Finolex Cables.
Credit: Tata AIA Life Insurance
The insurance company sold its entire stake in Crompton Greaves and Info Edge while it newly entered M&M Financial Services and Federal Bank.
Credit: Kotak Life Life Insurance