LIC Invested 44,000 Crores In Stock Market, Financial Gain from Dept Instrument Attenuated
life insurance corporation enterprise of India (LIC) has invested Rs 44,000 crore in stock market from April to November this 12 months, which is 52 per cent greater than remaining 12 months. In the identical time final year, LIC had invested Rs. 29 000 crores. in the final months, the company invested Rs 47 000 crore.
LIC's Unexpectedly Rising Funding ..
LIC has invested Rs 39,224 crore between April and September this year, against Rs 18,000 crore in the identical duration final 12 months. LIC Chairman VK Sharma stated that this funding has increased as a result of the rate of the federal government's disinvestment application. LIC is a long run investor and invested wherever he will get the opportunity.
LIC has invested Rs 39,224 crore between April and September this year, against Rs 18,000 crore in the identical duration final 12 months. LIC Chairman VK Sharma stated that this funding has increased as a result of the rate of the federal government's disinvestment application. LIC is a long run investor and invested wherever he will get the opportunity.
Aggressive Investment Won't do Now ...
LIC Chairman told that LIC will no longer be an aggressive investor within the equity market in this monetary year. He stated that we will be able to not invest further in equity.In his opinion, the stock market is presently on its peak and we will now handiest buy the activities.
LIC Chairman told that LIC will no longer be an aggressive investor within the equity market in this monetary year. He stated that we will be able to not invest further in equity.In his opinion, the stock market is presently on its peak and we will now handiest buy the activities.
Debt Gadgets Led by Way of Interest Rates Lower
LIC Chairman informed that the discount in rates of interest on LIC has resulted in an investment in debt instrument reduction. LIC invests an increasing number of in govt securities, facilitating policyholders and pensioners. He informed that LIC can make investments 10 to 20 thousand crores in debt instrument in the remaining 4 months of this year.
First Top Rate Income Increased
In the first six months of the present financial 12 months, the primary top rate income increased through 24 per cent to Rs 68,224.29 crore. complete premium has elevated by means of 12 per cent to Rs 1,48,037 crore. throughout the same length ultimate year it was once Rs 1,32,257 crore.
LIC Chairman informed that the discount in rates of interest on LIC has resulted in an investment in debt instrument reduction. LIC invests an increasing number of in govt securities, facilitating policyholders and pensioners. He informed that LIC can make investments 10 to 20 thousand crores in debt instrument in the remaining 4 months of this year.
First Top Rate Income Increased
In the first six months of the present financial 12 months, the primary top rate income increased through 24 per cent to Rs 68,224.29 crore. complete premium has elevated by means of 12 per cent to Rs 1,48,037 crore. throughout the same length ultimate year it was once Rs 1,32,257 crore.
Gross Total Earnings Grows with The Aid of 13 %
LIC's gross whole income has increased 13 p.c to Rs 2,50,267 crore in the first half. LIC's profits all the way through the same time last year was once Rs 2,22,350 crore.whole property rose to Rs 27,25,808 crore, from Rs 23,90,056 crore within the corresponding period remaining year.It recorded a rise of 14.04 %.
LIC's gross whole income has increased 13 p.c to Rs 2,50,267 crore in the first half. LIC's profits all the way through the same time last year was once Rs 2,22,350 crore.whole property rose to Rs 27,25,808 crore, from Rs 23,90,056 crore within the corresponding period remaining year.It recorded a rise of 14.04 %.
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