Want to invest like LIC? Here’s where India’s biggest investor is putting its 15.5 lakh crore rupees

LIC reallocates Rs 15.5L cr equity portfolio, boosting defense (Mazagon Dock, HAL), tech (Infosys), and PSU banks while cutting stakes in HDFC, ICICI, and small-cap favorites like Suzlon. Reliance remains top holding.

New Delhi: LIC is India's largest insurance company as well as the largest institutional investor. In the June 2025 quarter, LIC has made several major changes in its equity portfolio.

Shifted investment into the defense sector

LIC has a total equity portfolio of Rs 15.5 lakh crore. Seeing the vulnerability around the world for wars, LIC had started investing in the defense sector, which is considered a major change in its investment pattern. According to the latest data, it has reduced its stake in 81 companies.

In the last 6 months, the Nifty India Defense Index has increased by 34%, and the shares of defense companies have performed brilliantly, such as GRSE shares, which rose by up to 71%.

LIC has bought a 3.27% stake in Mazagon Dock Shipbuilders, worth around Rs 3,857 crore. Also, the company has also increased its stake in Cochin Shipyard, Bharat Electronics, and Hindustan Aeronautics.

This is a clear indication that LIC is making strategic investments by sensing the increasing expenditure and policy priorities of the Government of India regarding the defense sector.

Paid heed to the technology and Financial Sector

LIC has also shown interest in the technology and financial sector. It has increased its stake in Infosys, HCL Tech, and Jio Financial Services. In the auto sector, LIC has also increased its investment in Tata Motors.

In the banking sector, LIC has reduced its stake in private banks such as HDFC Bank and ICICI Bank but has increased its investment in public sector banks such as Bank of Baroda and Canara Bank.

LIC has booked profits in some small investors' favorite stocks, such as Reliance Power, Vedanta, and Suzlon Energy. The biggest cut has been made in Hero MotoCorp, where its stake has come down by 531 basis points to 6.53%. Stake has also been reduced in many other companies, such as Divi's Lab, Apollo Hospitals, Eicher Motors, Bharti Airtel, and Kotak Mahindra Bank.

Hold Reliance shares worth Rs 1.3 Lakh crore

However, LIC's biggest trust is still in Reliance Industries. The company holds shares worth Rs 1.3 lakh crore of Reliance, which is equivalent to its 6.93% stake. It is followed by ITC, in which LIC has a 15.8% stake.

Apart from this, LIC has also increased investment in renewable energy (IREDA), infrastructure (RVNL), and consumer goods (Patanjali Foods). This shows that LIC is now strengthening its presence in diverse sectors and is making investment strategies keeping in mind the future prospects.