LIC turns focus on large-caps; net buys shares worth ₹18,000 crore in Sept quarter

The quarter saw LIC reducing its holdings in 84 stocks and fully exiting seven companies. Meanwhile, for the remaining 111 stocks, its stake remained unchanged. The total value of LIC’s portfolio of 293 stocks rose to ₹16.76 lakh crore, compared to ₹15.72 lakh crore in the previous quarter.