INSURANCE behemoth, Life Insurance Corporation of India, has pumped around Rs 26,000 crore into the equities markets (April 2009-October 2009), according to a senior company official. In comparison, overseas funds during the same period have bought Indian stock worth about $16 billion. The largest insurer in the country, has also increased its investments in nonconvertible debentures (NCDs) of many blue-chip companies and has invested a little over Rs 17,000 crore in the same period. NCDs are structured debt product that cannot be converted into equity shares of the issuing company but carry a high interest rate. The life insurer has also disbursed close to Rs 5,000 crore towards various infrastructure projects including power, roads, airport and education in the current financial year.
Best SIP Funds to Invest Online SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich For further information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com