LIC may invest Rs 2 lakh cr across asset classes in FY11

State-run insurance giant Life Insurance Corporation of India (LIC) has invested Rs 8,363 crore in the equity market in the first two months of 2010-11 and expects to invest Rs 2,00,000 crore across asset classes in the fiscal, a senior LIC official said today.

"We have invested Rs 8,363 crore in the equity market in the first two months of the current fiscal. We had put a little over Rs 61,000 crore in the stock market last year," LIC's Executive Director (Investment-Operations) N Mohan Raj told reporters on the sidelines of a press meet here today.

Asked about this year, Mohan Raj said that it would grow to Rs 2,00,000 crore across asset classes from 2009-10's Rs 1.91 lakh crore.

 

Cumulatively, the corporation has invested Rs 26,000 crore in various asset classes in the first two months, April and May, of this fiscal.

The exact numbers on the amounts allotted to each asset class and the total outlay this year will depend on communication on premium collection numbers which come from the marketing department, he said.