LIC stock portfolio shrinks by ₹1.5 lakh crore in 2025 amid stock market crash

The public sector insurer has a diversified portfolio of 310 stocks. By the end of February, the value of its stock holdings had fallen to ₹13.4 lakh crore, shedding a massive ₹1.45 lakh crore compared to ₹14.9 lakh crore recorded in the quarter ended December 2024.

In only a two-month period, LIC’s 310-stock portfolio has been wiped off by nearly ₹1.5 lakh crore, in line with the sharp decline in the benchmark indices. NIFTY 50 has shed almost 7% so far in the new calendar year.

LIC’s performance over two months can be termed the worst mark-to-market hits in the recent scenario triggered by global uncertainties.

Amid the current market crash, mid-cap and small-cap stocks have been the worst hit. However, large-cap stocks, too, haven’t been spared in the ongoing domestic market carnage.

LIC has sizable stakes in market heavyweights like ITC, TCS, Infosys, SBI, Mahindra & Mahindra, and HCL Tech, among others. The national insurer has an equity holding of over 15% in the cigarettes-to-hotels conglomerate ITC Ltd. The stock has shed 14.2% so far this year (year-to-date), wiping off over ₹17,000 crore in value.

Similarly, LIC's holding in Larsen & Toubro (L&T) stands at 12.6%. The stock has fallen 11% YTD, eroding ₹7,600 crore of its value.

So far this year, at least 35 stocks in LIC’s portfolio have caused the insurer a dent of more than ₹1,000 crore.

By value, LIC’s largest holdings include Reliance Industries (RIL), ITC, Infosys, HDFC Bank, TCS, SBI and L&T. In the country’s largest company by market capitalisation, Reliance Industries, LIC has a stock holding worth almost ₹1.04 lakh crore. LIC shares closed flat at ₹733.50 apiece, up 0.59% on the NSE.