LIC invests Rs 1.5 trn in G-Secs
Life Insurance Corporation (LIC) has bought over Rs 1.5 trillion in government bonds so far this fiscal and has reached the cap, apart from being a net buyer in the equities, chairman S K Roy said. "There is a cap on our investments, in the case of the government debt it is 50 per cent of our total incremental investment. And we have already reached that level," Roy said. The chairman also said the LIC has been the net buyer of equities in the current fiscal and has already booked profit worth Rs 10,000 crore so far this fiscal. The company has so far invested over Rs 53,000 crore into equities this fiscal, Roy said.