 "LIC's total investments in FY15 may cross Rs 3 lakh cr, says chairman")
Life Insurance Corporation (LIC) of India Chairman SK Roy is positive about Indian stocks, according to an interview with TV channel ET Now on Tuesday.
Roy said LIC’s 2014-15 equity investments are seen at Rs 60000 crore ($9.79 billion).
“I see further upside for market in FY15,” Roy told ET Now.
LIC’s overall investments in 2014-15, including outside of equities, may cross Rs 3 lakh crore.
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Roy also said he does not see the impact of poor monsoon on the economy.
Reuters
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