LIC’s Rs 17.5 Lakh Crore Portfolio Goes Against the Wind: IT Stocks In, Banks Out
Life Insurance Corporation of India (LIC), the country’s largest institutional investor, has reshaped its massive ₹17.5 lakh crore equity portfolio, signaling a strategic shift that goes against prevailing market trends. The insurer has increased its exposure to information technology (IT) stocks while trimming positions in banking and financial services, a move that has caught the…