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LIC is India’s biggest insurer & asset manager. It manages the money of millions of insured Indians & pensioners. It’s three biggest investments are the three biggest corporate groups in India – Reliance, Tata & Adani groups. While it has been investing in Reliance & Tata groups for many years – it’s investment in Adani companies are only a recent phenomenon. I take you step by step through their investment in the Adani group stocks & how it has increased exponentially over the last few years. Although the investments have been successful for LIC till now – I end with a word of caution.
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