LIC to take it slow in equity investments after bumper buy this year

During the first six months of that period, LIC's stock market investments more than doubled from a year earlier to 392.24 billion rupees

State-owned Life Insurance Corp of India (LIC) will likely slow stock purchases for the rest of the fiscal year after nearly doubling its equity market investments in the first half from a year earlier.

LIC, with assets of Rs 2,726,000 crore ($423.3 billion) as of end-September, had a target of investing Rs 50,000 crore in stocks through the year which ends in March.

During the first six months of that period, LIC’s stock market investments more than doubled from a year earlier to Rs 39,224 crore. As of end-November it had bought equities worth about Rs 44,000 crore, top executives