During the March quarter’s market slump, Life Insurance Corporation of India deployed nearly $2 billion into 10 stocks, adding to positions in names such as Bajaj Finance, Bharti Airtel, TCS, and Infosys despite price declines. LIC also trimmed exposure in other holdings, signaling a selective contrarian strategy rather than broad buying.
Equity mutual funds fell sharply, with some schemes dropping up to 7% in a single week. Technology-focused funds were hit hardest, losing roughly 3.14% to 7.17% as investors pared risk. Funds such as HDFC Technology Fund, Tata Digital India Fund, and ICICI Prudential Technology Fund saw notable declines during the latest downturn.
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