LIC’s ₹84,000 Crore Portfolio Erosion: What’s Behind the Market Rout? India’s biggest investor, LIC, just took a massive ₹84,000 crore hit in its stock portfolio as markets tumbled. In just over a month, the value of its holdings fell from ₹14.27 lakh crore to ₹13.87 lakh crore, with major losses in ITC, Larsen & Toubro, SBI, TCS, and Jio Financial. Sectors like IT, banking, and NBFCs were the biggest culprits, while Bajaj Finance, Maruti Suzuki, and Bharti Airtel provided some relief and gains. With market volatility expected to continue, LIC’s patience will be tested. Will it double down on its bets or reshuffle its portfolio? Only time will tell.