How LIC made a killing with its equity strategy

Meanwhile, foreign portfolio investors, too, pumped in nearly Rs 1.7 lakh crore in equities in 2020 which is highest among all emerging markets.

Synopsis

Indian equity markets plunged over 40 per cent from January highs to a four-year low on March 24 when a nationwide lockdown triggered a panic that earnings would collapse as businesses shuttered. Foreign investors, mutual funds and individual retail investors fled in March and April fearing the worst.