Top fund managers and start-up veterans pushed for increasing the domestic capital pool by removing investment restrictions on insurance companies and pension funds. They felt even a fraction of investible funds from these behemoths could bring in a lot more funds than what the government is directly planning to invest through its Fund of Funds.
In a session titled ‘Start Up Nation’ at the India Economic Summit, jointly organised by the Confederation of Indian Industry and the World Economic Forum, Mahesh Murthy, entrepreneur and founder of Seedfund, said: “The largest potential LP (limited partner) in India is LIC (Life Insurance Corporation of India).
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