LIC equity holding crosses 6 lakh crore

With the rising equity market, the market value of LIC portfolio across all NSE listed companies (where its holding is more than 1 per cent), stood at an all time high of Rs 6.26 lakh crore at the end of December 2017, witnessing an increase of 14.65 per cent over that in the previous quarter. The portfolio value grew 34 per cent over December 2016 when it stood at Rs 465,194 crore.

Data sourced from Prime Database shows that even as LIC’s portfolio value grew significantly, its overall ownership in NSE listed companies has come down over the last one-year from 4.54 per cent in December 2016 to 4.24 per cent in December 2017. This is lowest in 11-quarters as the previous low was in March 2015 when its ownership across NSE listed companies stood at 4.23 per cent.