LIC to infuse Rs 1.30 trn into equities
In Q1/FY25, insurance behemoth invested `38K cr in equities as against `23,300 cr in same period a year ago
LIC to infuse Rs 1.30 trn into equities
We are surely looking at the markets and price movements. We are looking to invest a good amount at least whatever we had invested in last financial year. LIC made an investment of around Rs1.32 lakh crore in FY24 - Siddhartha Mohanty, MD & CEO, LIC
Upbeat On Indian Mkt
♦ LIC made profit of Rs15,500 cr from equity mkts in Q1
♦ Market value of LIC investment in stocks at Rs15 lakh cr
New Delhi: Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty said that the corporation is looking to make fresh investments of around Rs1.30 lakh crore in equities during the current financial year.
During April-June FY25, the insurance behemoth made an investment of about Rs38,000 crore in shares as against Rs23,300 crore in the same period a year ago. LIC earned a profit of Rs15,500 crore from its investments in equity markets during the first quarter. The profit from its investment was higher by 13.5 per cent quarter-on-quarter. “We are surely looking at the markets and price movements. We are looking to invest a good amount at least whatever we had invested in last financial year. LIC made an investment of around Rs1.32 lakh crore in FY24,” he said.
