India’s Largest Fund to Boost Stock, Bond Investments by 8%
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Life Insurance Corp. of India, the country’s largest money manager, plans to increase investments in stocks and bonds by about 8 percent this fiscal year as its premium collections climb.
The Mumbai-based insurer may boost investments in stocks and bonds to 2 trillion rupees ($45 billion) in the year ending March 31, 2012, said D.K. Mehrotra, chairman at the government-owned insurer with $257 billion of assets.