LIC Investments: LIC was an investor in Satyam, DHFL, IL&FS, Vakrangee, Yes Bank, Sintex Industries, Jaypee Infratech, Amtek Auto and Alok Industries. LIC also had exposure to Reliance Capital and Reliance Home Finance. Currently, LIC remains invested in Rajesh Exports. As per market grapevine, LIC and several mutual funds are repeating mistakes often seen among retail investors. Many investors now believe retail participants are taking more practical decisions than large institutional fund managers and their research teams.