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LIC Cut Exposure To Equity, Corporate Bonds In First Half Of 2019-20
Here’s a look at LIC’s equity investments in the six months through September 2019.
02 Jan 2020, 12:16 PM IST
India’s largest insurer reduced its exposure to equities and corporate bonds even as it bought more government securities in the six months through September 2019.While Life Insurance Corporation of India’s total investment rose 8.9 percent year-on-year in the first half of the ongoing financial year, the share of equity in its portfolio dipped 1.8 percent and corporate bonds and debentures fell 20.8 percent during the period, accord...
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