LIC may invest $9.8 bln in Indian equities in FY2015-TV

Updated: Aug 6 2014, 19:04pm hrs
Life Insurance Corporation (LIC) of India Chairman S.K. Roy is positive about Indian stocks, according to an interview with TV channel ET Now on Tuesday. Roy says LIC's 2014-15 equity investments seen at 600 billion rupees ($9.79 billion).

"I see further upside for market in FY15," Roy tells ET Now.

Adds LIC's overall investments in 2014-15, including outside of equities, may cross 3 trillion rupees.

Roy also says he does not see the impact of poor monsoon on the economy, adds RBI holding rates is positive for markets.