Monday, June 14, 2021
HomeUncategorizedLIC may invest $9.8 billion in Indian equities in FY15

LIC may invest $9.8 billion in Indian equities in FY15

Life Insurance Corporation (LIC) of India chairman S.K. Roy is positive about Indian stocks.

Mr. Roy says LIC’s 2014-15 equity investments seen at Rs. 60,000 crore ($9.79 billion).

“I see further upside for market in FY15,” said Mr. Roy.

He added, LIC’s overall investments in 2014-15, including outside of equities, may cross Rs. 3 lakh crore.

Mr. Roy also said he does not see the impact of poor monsoon on the economy and added that RBI holding rates are positive for markets.

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