This refers to “Large exposures to PSUs hurt LIC’s returns” (July 19). It is a matter of concern that the LIC is stepping up its investment in public sector undertakings (PSUs) and public sector banks (PSBs), many of which are either loss- making or performing poorly. What is equally disturbing is that it is selling off investments in blue chip and well-performing private companies.
This is a bit like selling the family silver to buy scrap. It seems that the LIC is involved only with giving higher dividend to the government by selling off its prime investments and acting as a
