LIC posts ₹683 crore profit for quarter 1 - assets of ₹41 lakh crore - In the first quarter, the corporation made gross equity investments of Rs 46,444 crore and sales of Rs 12,448 crore, resulting in a net investment of Rs 34,000 crore. The corporation’s assets under management stood at Rs 41 lakh crore — a 7. 6% increase over Rs 38. 1 lakh crore at end of the corresponding quarter of the previous fiscal. LIC owns stocks worth Rs 9.5 lakh crore! In value terms, LIC held Rs 95,274 crore worth Reliance Industries' shares as of December 31. TCS and Infosys were its next two biggest holdings at the end of the December quarter, together amounting to Rs 95,488 crore in value. ITC (Rs 43,557 crore), SBI (Rs 33,855), L&T (Rs 31,960), ICICI Bank (Rs 31,948 and Hindustan Unilever (Rs 24,747 crore) were among its biggest holdings as of December 31 in value terms. As of September 30, 2022, the Life Insurance Corporation of India's (LIC) total equity portfolio was worth approximatel...