What Does LIC Do With Your Cash After You Purchase A Coverage? Learn For Particulars – News18
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Whereas the identify LIC resonates from village to metropolis, the corporate’s enterprise mannequin and funding strategies stay largely unknown. Allow us to check out the businesses during which LIC has invested
LIC invested Rs. 56,000 crore, with half allotted to large-cap shares. (Consultant/News18 Kannada)
The identify of Life Insurance coverage Company of India (LIC), the nation’s largest insurance coverage firm, is thought from village to metropolis. Everybody from the poor and center class to the wealthy holds LIC insurance policies.
LIC, the biggest institutional investor within the Indian inventory market, invests a good portion of its policyholders’ funds in equities. This technique permits LIC to generate substantial earnings by its investments in a various vary of firms.
Throughout the September quarter, LIC elevated its stake in 75 of its 285 holdings and added 7 new shares to its portfolio. The company invested Rs. 56,000 crore, with half allotted to large-cap shares. Complete gross sales for the quarter amounted to Rs. 38,000 crore, whereas internet purchases reached Rs. 18,000 crore.
Throughout the quarter, LIC lowered its stake by 84 shares and fully withdrew from seven firms. Nevertheless, there was no change in its shareholding within the remaining 111 firms. Based on Prime Database information, LIC’s portfolio of 285 shares has a complete worth of Rs. 16.76 lakh crore, in comparison with Rs. 15.72 lakh crore within the earlier quarter.
LIC has invested in a number of blue-chip shares. These embody Larsen and Toubro (L&T) with Rs. 3,439 crore in purchases, adopted by Maruti Suzuki India (Rs. 2,857 crore) and Bajaj Finance Ltd (Rs. 2,659 crore). Different vital investments embody IndusInd Financial institution (Rs. 2,396 crore), Mahindra & Mahindra (Rs. 1,839 crore), State Financial institution of India (Rs. 1,824 crore), Reliance Industries (Rs. 1,686 crore), Bajaj Finserv (Rs. 1,519 crore), Kotak Mahindra Financial institution (Rs. 1,363 crore), and ICICI Financial institution (Rs. 1,351 crore).
LIC has lowered its stake in a number of massive firms. The company bought shares value Rs. 2,230 crore in NTPC and Rs. 2,129 crore in HDFC Asset Administration. LIC additionally divested shares value Rs. 2,105 crore in different unspecified firms.
Different main investments embody Hero MotoCorp (Rs 1,987 crore), Tata Consultancy Companies (Rs 1,732 crore), GAIL India (Rs 1,726 crore), Voltas (Rs 1,718 crore), Tata Energy (Rs 1,706 crore) and HPCL (Rs 1,562 crore).
LIC has just lately expanded its portfolio with the addition of seven new shares. The businesses now included in LIC’s holdings are Scient Ltd, Shyam Metals and Power Ltd, Sanofi Shopper Healthcare India, Shriram Finance, IDFC First Financial institution, Financial institution of Maharashtra and Bharat Electronics.
