LIC invests Rs 53,000 cr in equity markets – Feedback

Life Insurance Corporation of India (LIC) has pumped Rs 53,000 crore in stocks (equity purchases) in the current financial year till date, compared to Rs 39,000 crore a year ago, said its chairman S K Roy. He said the firm had been a net buyer this year, since markets have been down.

“Profit-booking has been Rs 10,000 crore in this financial year till now. On the debt side, we have crossed Rs 1.5 lakh crore in government securities,” he said. He said this financial year had been a little challenging from operations point of view. “We are seeing green shoots and have grown faster than competitors in December in new premiums, which have further improved in January,” he said.

http://www.business-standard.com/article/markets/lic-invests-rs-53-000-cr-in-equity-markets-116020100739_1.html

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