IndiaInsurance
2nd July 2010, 07:38 AM
Life Insurance Corporation (LIC) has emerged as a major counterweight to foreign institutional investors (FII) in the equity markets if one goes by latest data on the insurance major s total equity investment, which has grown nearly 50% in 2009-10. In 2009-10, net investment by foreign institutional investors in Indian equity markets was Rs 1,10,744 crore. The only entity which came close was LIC, which made an equity investment of Rs 61,463 crore. Significantly, while FIIs have covered their exposure to stocks by taking up positions in derivatives, LIC s entire investment is unhedged. The Insurance Regulatory and Development Authority rules do ...
More... (http://in.biz.yahoo.com/100701/50/bavvz1.html)
More... (http://in.biz.yahoo.com/100701/50/bavvz1.html)