LIC nets 15% gains from equity play

 In spite of mounting regulatory glare and analyst criticism, LIC has reaped rich returns from its equity market play in the last fiscal with 15 per cent gains at Rs 24,373 crore.

The benchmark BSE Sensex made 25 per cent gains during 2014-15.
LIC had made a profit of Rs 21,257 crore from the equity markets in the financial year 2014 and Rs 24,373 crore in 2014-15, which is a gain of 14.65 per cent.

The returns come even as LIC had invested Rs 7,328 crore less in 2014-15 than what it had invested in the previous year. While LIC had invested Rs 54,330 crore into the markets in 2013-14, its investments in 2014-15 were only Rs 47,002 crore,” LIC chairman S K Roy recently said.