LIC investment limit raised to 30%

POSTED BY Vishwas Gupta ON November 23, 2012 1:08 pm COMMENTS (2)

Do you think that the current government is triggering another scam by raising the LIC investment limit in one company to 30%?

The hard earned money of people like us is being forced to be invested in expensive PSU stocks when there are no other institutional buyers.

2 replies on this article “LIC investment limit raised to 30%”

  1. Jiski Lathi usi ki Bhains !

  2. Vikash says:

    I think, It’s good.

    More limit means they can invest more in a particular company.

    You are mistaken about one thing. If limit is increased to 30%, it doesn’t mean LIC can invest 30% in one company. it depends on free floating share available in market. Most of the PSU have around 30% stake for market participant. It’s difficult for LIC to buy even 10% stake in any company.

    BTW, PSU are not expensive but trading at very cheap valuation due to lack of innovation, consistency in performance, etc.

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