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LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY

The LIC management clarified on Tuesday that profit should be looked at from the full-year perspective

Photo: Bloomberg
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Photo: Bloomberg

Subrata Panda Mumbai
Insurance behemoth Life Insurance Corporation of India (LIC), the largest asset manager in the country with assets of Rs 42 trillion, said it realised gains of Rs 42,000 crore from its investment in the equity markets in financial year 2021-22 (FY22), an increase of 16.6 per cent from Rs 36,000 crore in FY21.

LIC invests approximately 25 per cent of its assets under management (AUM) in the equity markets, Raj Kumar, LIC’s managing director, said in a press conference on Tuesday, a day after the insurer came out with its first quarterly results after listing on the stock exchange.

“Out of the

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First Published: May 31 2022 | 6:46 PM IST

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