&w=3840&q=100)
LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag
Deepak Korgaonkar Puneet Wadhwa Mumbai / New Delhi
Listen to This Article
Life Insurance Corporation of India (LIC), India's largest domestic institutional investor, has seen over ₹45,000 crore erosion in the value of its equity holdings after a fall in the equity markets thus far in July. The benchmark indices, Nifty 50 and BSE Sensex have slipped 2.6 per cent from their June 2025-end level to 24,837 and 81,463.09 levels, respectively.
From ₹16.10 trillion as on June 30, 2025, the value of LIC's 322-stock has declined to ₹15.64 trillion as on July 25, 2025, marking ₹46,000 crore mark-to-market loss. However, LIC's portfolio value is still higher by ₹1.94 trillion from April 7,
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
‘Will AI take my job?' Harsh Goenka says Artificial Intelligence will create THESE jobs - ‘New winners will be…'
Industrialist Harsh Goenka on Tuesday shared his thoughts about the ongoing discussion on artificial intelligence and the impact of AI on jobs, saying that it will reinvent work. In a short but insightful post on X, the RPG Group Chairperson said workplace landscape will change due to AI and 'new winners' will be those who can adapt. 'Everyone asks: 'Will AI take my job? What new jobs is AI creating?' AI will disrupt work & reinvent it. There will be new jobs like Prompt engineers, AI product managers, AI ethics specialists & workplace landscape will change. New winners will be the smartest & most adaptable,' Goenka said. The debate around AI and its impact on jobs gained weight when companies started to restructure themselves to adapt to the new technology and eliminated several roles. The latest example is the TCS layoffs, which is cutting its workforce as part of its restructuring plan. Harsh Goenka's insightful post elicited a range of well-thought replies from his followers on X. One person said that AI will not take ones job but would rather create new ones, agreeing with Goenka. 'AI will not take one's job as one need to guide AI and as you have quoted there are multiple job options available with AI. AI has actually opened the job market and why do companies like Capgemini have started recruiting freshers. I do like the AI ethics specialists as this is really required with to identify the real from the reel and it is us who can guide AI,' he said. 'AI will definitely disrupt our lives while bringing in new applications. However, the fact remains that humans and human feelings will still be important. Hopefully, after 20 or 30 years (when we are NOT ON THIS PLANET) people will want to go back to village life and live like normal humans,' another user added. A third user said that AI will make work more productive and in turn improve the economy.
Time of India
4 hours ago
- Time of India
Retail fund flows surge: Mid, smallcap schemes draw Rs 20,255cr in Q1; investors chase high returns despite expensive valuations
Retail investors are continuing to pour large sums into mid and smallcap mutual fund schemes, chasing high returns even as experts warn of stretched valuations and recommend a shift to safer ground. Tired of too many ads? go ad free now According to data from the Association of Mutual Funds in India (AMFI), investors allocated Rs 20,255 crore into mid and smallcap schemes in the first quarter of FY26—accounting for 30% of total equity inflows of Rs 66,689 crore during the period. Over the past 12 months, retail investments into these funds stood at Rs 90,075 crore, making up 23% of total equity flows of Rs 3.9 lakh crore, ET reported. 'A lot of retail investors continue to chase past performance,' said Harshvardhan Roongta, principal financial planner at Roongta Securities. 'Returns from mid and smallcap funds for three and five-year periods have been very high compared to large caps, which has kept investor interest intact.' According to Value Research data, midcap mutual funds have delivered 21.3% average returns over the past three years and 27.4% over five years. Smallcap funds did even better, with 21.94% returns over three years and 31.28% over five. In comparison, Nifty 50 returned 13.55% and 18.58% over the same periods. 'Investors are looking to get exposure to some of the faster-growing segments of the economy, reflected in their preference towards midcap and smallcap funds,' said Dikshit Mittal, senior fund manager – equity, LIC Mutual Fund. ICICI Prudential Mutual Fund noted in its July outlook that both midcap and smallcap indices continue to trade at valuation multiples far higher than historical averages. While valuations have eased slightly since their September 2024 peaks, they remain elevated. Tired of too many ads? go ad free now The price-to-earnings (PE) ratio for the Nifty Smallcap 250 stands at 32 and Nifty Midcap 150 at 33.4—significantly higher than Nifty 50's 21.7, ET report said. A Whiteoak Capital study showed that while large caps currently trade at a 10% discount to their five-year average, midcaps are at a 14% premium and smallcaps at a 28% premium to long-term averages. Given this, wealth managers are urging caution. 'Aggressive investors should allocate only 10–15% of their equity portfolio to the mid and small cap space,' said Vishal Dhawan, founder, Plan Ahead Wealth Advisors. Dhawan advised investors to stagger their investments through SIPs and maintain a long-term horizon of at least 10 years to avoid potential disappointment. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India) Stay informed with the latest business news, updates on bank holidays and public holidays.
Business Standard
4 hours ago
- Business Standard
TCS extends partnership with Weatherford International
Tata Consultancy Services (TCS) has secured a five-year renewal and expansion of its contract with Weatherford International (NASDAQ: WFRD), a multinational oilfield service company headquartered in North America. Under this extended agreement, TCS will leverage its expertise in automation, artificial intelligence, and digital optimization to drive enterprise-wide business transformation initiatives for Weatherford. The partnership will focus on enhancing operational efficiencies across critical domains such as finance, supply chains, and human resources. TCS plans to introduce advanced AI-driven solutions to streamline Weatherford's finance and accounting processes, reduce costs, and improve scalability. Additionally, TCS' advisory capabilities will support Weatherford in simplifying workflows, fostering innovation, and enabling outcome-based strategies aimed at maximizing agility and long-term financial resilience.
