Life insurers chase autos, new-age stocks in May (opens original article in a new tab)

Indian life insurers increased investments in automobile and new-age stocks while reducing holdings in some banks and power companies in May.

• Life insurers purchased ₹462 crore of Mahindra & Mahindra shares in May.
• Automobile and new-age stocks saw increased investments while some bank and power stocks were reduced.
• HDFC Bank remained the largest holding across insurers with ₹26,714 crore investment.