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LIC may invest Rs 600bn in equities in FY15

LIC's overall investments in 2014-2015 may cross Rs 3 trillion, SK Roy says

August 06, 2014 3:01 IST | India Infoline News Service
LIC Chairman SK Roy said that the life insurance company is expected to invest around Rs. 600 billion in equities in the current fiscal, according to an interview with a news channel on Tuesday.
"I see further upside for market in FY15," Roy said. LIC's overall investments in 2014-2015 may cross Rs 3 trillion.
Roy also says he does not see the impact of poor monsoon on the economy, adds RBI holding rates is positive for markets.

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