InvestorQ : How was the performance of LIC equity portfolio during the financial year FY22?
Mary Joseph made post

How was the performance of LIC equity portfolio during the financial year FY22?

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Arusha Ray answered.
8 months ago
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LIC which manages nearly Rs40 trillion in the Indian financial markets (more than what the entire mutual fund segment does, has also booked solid gains in FY22. During the year gone by, LIC realized gains of Rs42,000 crore from its equity investment. In terms of a yearly comparison with FY21, this is 16.6% higher. The interesting part is that Rs42,000 crore may look small but it is just the booked profits and not counting the MTM profits on equity.

If you consider the overall gains including the MTM gains, then the overall gain was closer to Rs500,000 crore of which only Rs42,000 crore was booked in the markets. Currently, LIC has about 25% of the AUM into equities and the balance is in debt, where it does have a gross NPA problem. LIC had recently reported 17.4% lower net profits due to higher claims pay-outs and provisions made. It declared dividend of Rs1.50 per share implying 23% payout.

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