Mutual funds now hold more Indian stocks than LIC2 min read . Updated: 02 Nov 2016, 04:35 AM IST
At the end of September, the value of mutual fund equity portfolio in listed firms stood `4.94 lakh crore compared to `4.75 lakh crore held by LIC, says Prime Database
Mumbai: Six months of continued inflows into equity funds and a change in the investment strategy at Life Insurance Corp. of India (LIC) has led to the country’s 44-firms strong mutual fund industry overtaking the state-run insurer as a bigger owner of local stocks for the first time.
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