Ownership Pattern of Central and State Government Securities - Security Analysis and Investment Management

The ownership pattern of the government securities suggests that the investor base has been diversified by the entry of cooperative banks, regional rural banks, mutual funds and non-banking financial companies in the recent period. The entry of 100 per cent gilt mutual funds has broadened the retail investor base. As a result, the share of others category in the outstanding government securities has increased, particularly in recent years. Nevertheless, commercial banks and life insurance Corporation of India (LIC) continued to hold the largest share of government stocks. The share of LIC’s holding in the Central and state government securities consistently increased to 20.5 per cent at end-March 2005 from 17.9 percent at end-march 1999.The share of commercial banks holding, on the other hand declined steadily from 2001-02.

Ownership Pattern of Central and State Government Securities

Ownership Pattern of Central and State Government Securities


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