How LIC made a killing with its fairness technique

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In the meantime, international portfolio traders, too, pumped in almost Rs 1.7 lakh crore in equities in 2020 which is highest amongst all rising markets.

Synopsis

Indian fairness markets plunged over 40 per cent from January highs to a four-year low on March 24 when a nationwide lockdown triggered a panic that earnings would collapse as companies shuttered. International traders, mutual funds and particular person retail traders fled in March and April fearing the worst.

Mumbai: Life Insurance coverage Company (LIC), India’s largest institutional investor, is heading in the right direction to register its best-ever annual fairness returns. It raised inventory purchases by 60 per cent within the first 9 months of the fiscal as its huge money flows helped the insurer guess on a vivid future when the remainder of the investing neighborhood panicked.The insurance coverage behemoth bought equities price Rs 64,801 crore within the first 9 months of the fiscal

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