Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). Its largest holding is Reliance Industries, but its biggest returns so far this year have come from tobacco and consumer goods company ITC, which has risen by almost 30%. Tech consultancy TCS is LIC’s third largest holding, followed by State Bank of India and ICICI Bank. Among the largest holdings that have given double-digit returns are L&T, ONGC, Tata Motors and Dr Reddy’s Lab. LIC has reduced its stake in ITC but the company’s valuation there has risen above INR 80,000 crore.
How to build your portfolio for FY27? Wealth Company MF CIO Aparna Shanker shares strategy
Aparna Shanker of The Wealth Company Mutual Fund suggests a balanced investment strategy for FY27. She advises a tilt towards equities, with exposure to debt
March 23, 2026