Mutual funds have lost ₹3.5 lakh crore in information technology (IT) stocks in 2026 so far, whereas LIC lost ₹42,500 crore, CNBC-TV18 reported. Both mutual funds and LIC saw maximum loss in Infosys and TCS. The broader sell-off in IT stocks has been driven by concerns that rapid advances in AI could structurally disrupt the traditional IT services business model.