LIC beefs up its investment role

Sitanshu Swain
Posted: Thursday, Aug 21, 2008 at 0306 hrs IST
Updated: Thursday, Aug 21, 2008 at 0306 hrs IST

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Mumbai, Aug 20: same period. Securities & Exchange Board of India data shows that FIIs have been net sellers of about Rs 27,848 crore.

LIC has also appointed a highly competent investment team and chartered accountants as fund managers. It is also encouraging entrepreneurial talent through participation in venture funds. In 2007-08, the corporation earned Rs 10,000 crore in profit from the sale of equities. The corporation’s equity portfolio straddles almost all major companies and nearly all sectors. LIC’s gross investments in 2007-08 was Rs 1,50,303 crore, and the book value of its investments as of March 2008 is pegged at Rs 6,65,636 crore. Assets under management in the ULIPs portfolio nearly doubled to Rs 7715.28 crore.

The corporation expects to also enhance investment expertise through training and strengthening of investment monitoring to drive its returns, the chairman’s note says.

The enhanced level of investment is due to increased volumes of its Ulip portfolio, more auctions of government securities, oil, food and fertiliser bonds, besides its normal investment activities....

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» lic-investment monitoring

Posted by kasturi on 2008-08-21 18:18:05.536634+05:30
I OPINE THAT ANY INVESTMENTS WITH CHECKS AND BALANCE WILL NOT SERVE THE PURPOSE, AS LONG AS THE VALUATION OF PUBLIC EQUITY SHARRE IS JUSTIFIED,LET THERE BE PUBLIC DEBATE ON THIS HOW MANY TIMES THE FACE VALUE THE EQUITY SHARE SHOULD BE PRICED,OTHERWISE TO PUT IN BY GURUDASGUPTA CPI LEADER MEMBER OF PARLIAMENT SHARE MARKET IS NOTHING BUT A FRENCH CASANOVA.REGARDSKASTURIRANGAN.R

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