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Trichy, Tamil Nadu, India
Working as an Assistant in LIC of India, Rockfort BO, Trichy, TN. Having a strong belief that LIC's welfare is our welfare and always trying to work towards that. Also functioning as an office bearer of AIIEA Thanjavur Division.

Sunday, June 27, 2010

So far LIC invested Rs.9,600 Cr. in the equity market

In an interview with CNBC-TV18, N Mohanraj, ED, LIC says:

  As of yesterday, we have invested Rs 9,600 crore in the equity market. When compared to corresponding period last year, it was only Rs 3,600 crore. That means in the span of nearly three months, we have pumped in a net addition of Rs 6,000 crore.
    Wealth Plus closed on May 8, during 90 days of its existence, it was closed under scheme, we have collected over Rs 11,000 crore, of course it was split over this financial year. In this financial year itself, we got about Rs 3,800 crore from that scheme and another scheme Market Plus is also doing very well.
   Our investment in various asset classes for the year will be a little over Rs 2 lakh crore. Anyway we will not be investing less than Rs 60,000 crore in equity whether it is secondary or primary market put together, will not be less than that.
Source: moneycontrol.com, 25.6.2010

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