LIC's equities investment value plunges by Rs 1.90 trillion in two-and-a-half months

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Mumbai, Ta. 19 March 2020, Thursday

Life Insurance Corporation of India (LIC) investment value of state-owned life insurance fell by Rs 1.90 trillion in the two-and-a-half month period as a result of a 30 per cent decline in the BSE Sensex and Nifty 50 in the current calendar year.

LIC has significant investment in many reputed companies in the country. Only when the government plans to list the LIC, such a huge reduction in LIC investment can be a big problem for the government.

LIC's investment in listed companies, which was Rs 6.02 trillion at the end of the December 2019 quarter, has now fallen to Rs 4.14 trillion, which has fallen by 31 per cent or Rs 1.88 trillion in its investment value.

This calculation is based on a study of 209 companies in the S&P BSE 500 Index. LIC's holdings in these companies were more than 1% at the end of the December 2019 quarter. These companies accounted for 65% of the total market cap of listed companies.

In view of the declining trend in LIC's investment value, we can see that in the financial sector, including banks, NBFCs and insurance companies, 30 per cent or Rs 56810 crore, oil and gas companies Rs 36020 crore, cigarette manufacturers companies Rs 17374 crore. Investment Rs 15826 crore, Metals Rs 12045 crore, Automobiles Rs 11329 crore, Rs. Lakhakiya Rs 10669 crore in the second field, which in some areas is an investment of over Rs 10,000 crore to LIC. "There has been a significant drop in investment by companies related to the service sector," said an analyst. The agriculture sector does not see a special effect but the production chain will be affected if the supply chain is lost.

Foreign institutional investors are also withdrawing their investments from the country's stock exchanges. It is estimated that in the last 43 days, the market cap of investors has declined by more than Rs 45 lakh crore.

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