HDFC Life says the funds are likely to be put into cement makers, suppliers of building materials such as tiles and paints, and financiers of road and housing project. Photo: MintMumbai: HDFC Standard Life Insurance Co. is looking to invest more in the capital goods sectors and a range of companies that are expected to benefit from a major government push to build more homes and roads. Funds are likely to be put into cement makers, suppliers of building materials such as tiles and paints, and financiers of road and housing projects, Prasun Gajri, chief investment officer at HDFC Life told Reuters. Gajri said he would also look to “allocate a bit more” to commodity stocks, especially metals, as a supply clampdown in China has led to higher prices in India. The insurer has just under 60% of its assets invested in debt and the remainder in equity.

Source: Mint November 24, 2017 08:15 UTC