A sharp recovery in equity markets from its March 2020 low has pushed the value of the equity portfolio of Life Insurance Corporation (LIC) by Rs 1.5 trillion since April. The insurer’s holdings in listed companies at the end of the March 2020 quarter stood at Rs 4.32 trillion, which is now valued at Rs 5.79 trillion, translating into a rise of Rs 1.47 trillion, or 34 per cent. Thus far in the financial year 2020-21 (FY21), the S&P BSE Sensex and the Nifty 50 have rallied around 30 per cent each.
The study is based on 351 companies’ data