Is LIC Housing Finance a good stock?
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Is LIC Housing Finance a good stock?
Quality Earnings: LICHSGFIN has high quality earnings. Growing Profit Margin: LICHSGFIN’s current net profit margins (28.1\%) are lower than last year (52.9\%).
Is LIC and LIC Housing Finance different?
LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai. LIC HFL is a subsidiary company of LIC. LIC of India also holds promoter and controller status in IDBI Bank Ltd from January 2019.
What happened to LIC Housing Finance?
LIC Housing Finance Ltd’s net profit declined by 68.7 per cent to Rs 247.86 crore in the second quarter ended September 2021 (Q2Fy22) on fall in interest income and sharp rise in expenses for impairments. It had posted a net profit of Rs 790.9 crore in Q2Fy21.
Which is better LIC or HDFC?
As per the current rates, LIC Housing Finance offers a lower interest rate of 6.66\% on Home Loan when compared to HDFC which offers a Home Loan at 6.70\%.
What is the net worth of LIC?
As of 2019, Life Insurance Corporation of India had total life fund of ₹28.3 trillion. The total value of sold policies in the year 2018–19 is ₹21.4 million….Life Insurance Corporation.
| Yogakshemam Vahamyaham | |
|---|---|
| Type | Statutory Corporation established by an Act of Parliament- LIC Act 1956 |
| Total assets | ₹380,400,000 lakh (US$510 billion) (2021) |
Can we increase EMI for LIC Home Loan?
LIC Home Loan EMI Increase There is an option to increase EMIs of your loan after continuing for the minimum tenure. If you have continued payments for the minimum tenure without any defaults and are sure of increasing your EMIs, you can go for it.
Is LIC Housing Finance Ltd Safe?
The LIC HFL FD is rated as a stable and safe investment to make by CRISIL. This means that the investment is a highly stable one that offers guaranteed returns.