Life Insurance Corporation of India (LIC), the country’s largest institutional investor, has seen its investment value shrink by approximately ₹42,500 crore over the last two months. The erosion is primarily attributed to the massive sell-off in major IT stocks, which form a significant portion of LIC’s equity holdings. With the Nifty IT index down nearly 20% in February, heavyweights like Infosys and TCS have disproportionately contributed to this portfolio decline. Despite the hit, LIC’s Q3 FY26 earnings remained strong, indicating robust core operations amidst market volatility.
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