Saturday, May 14, 2011
LIC plans to invest Rs 60,000 cr into equities
LIC plans to invest upto Rs 60000 crores in the equity markets in India. Out of a total deployment of funds of Rs 2 lakh crores across different asset classes, about 30% i.e Rs 60,000 crores would be invested into equities. The amount that LIC invests in equities has come under pressure due to the reduced sale of ULIPS, 90% of which would be invested in the equities market. Typically a long term investor, LIC is a much needed source of stability for the Indian equity markets.