NEW DELHI: The Finance Ministry does not issue any advisory or direction to LIC in connection with matters related to the investment of the LIC funds, Finance Minister Nirmala Sitharaman told Parliament on Monday.
In a written reply to a question in the Lok Sabha the Finance Minister stated that the investment decisions of the LIC are taken by the LIC alone following strict due diligence, risk assessment and fiduciary compliance and are governed by the provisions of Insurance Act, 1938 as well as regulations issued by the Insurance Regulatory and Development Authority of India (IRDAI), the Reserve Bank of India (RBI), and the Securities and Exchange Board of India (SEBI) from time to time.
She further contended that broadly, the LIC's investments reflect that it invests in the top 500 companies listed on NSE and BSE, and a major portion of LIC’s investment currently is in the larger companies out of these. The book value of the LIC’s investment in Nifty 50 companies, as on 30th Sept 2025, is Rs 4, 30, 776.97 crore, which is 45.85 per cent of its total equity investment.