[ad_1] Life Insurance Corporation (LIC) has made a profit of Rs 42,000 crore from investments in the equity market in the financial year ended March 31, 2022. This is 16.6% higher than the Rs 36,000 crore profit made in FY21, managing director Raj Kumar told reporters a day after the insurance company announced its first quarter results after being listed. Of its total assets (AUM) under management, 25% remains in equities, while the remainder is allocated to bonds and other instruments. “Our investment strategy is based on prescribed norms and…
Monday, April 28, 2025
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