Last year, the gross investment of the corporation stood at Rs 1,91,736 crore.

“Our gross investments in 2010-11 will not be less than Rs 2 lakh crore,” said Mr N. Mohan Raj, Executive Director in charge of investment operations.

Till May 31, the corporation has invested Rs 26,000 crore in all the asset classes put together.

He was speaking on the sidelines of an event held to announce a tie-up between LIC and the Unique Identification Authority of India.

However, he did not specify how much of the amount will be invested in equities and how much will be invested in corporate bonds and government securities in the current fiscal.

“How much will be invested in equities will be decided on the sale of unit-linked plans. It is still early to say what will be the trend. A clearer picture will emerge in a month's time,” he said.

This fiscal, till May 31, LIC had invested Rs 8,363 crore in the equity market. Last year, till June 15, the corporation had invested around 7,000 crore in equities.

In the last financial year, LIC had invested Rs 61, 463 crore in the equities market.

When asked on whether there will be any change in LIC's investment pattern this fiscal, Mr Mohan Raj said there could be some change as the corporation has decided to increase the share of traditional business this year.

Mr D.K Mehrotra, Managing Director, LIC, had recently told Business Line that LIC will look to bring down the share of ULIPs to 60 per cent from 65-66 per cent.

Mr Mohan Raj said LIC will look at new asset classes for investment this fiscal. However, he did not specify which asset classes the corporation is looking at.

Ref :- http://www.blonnet.com/2010/06/10/stories/2010061051570600.htm