LIC MF Balanced Advantage Fund
Dynamic Asset AllocationVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹13.64-1.37%1 day
- Return since launch
- 6.9%
- 52-week range
- ₹12.55 — ₹14.15
- AUM
- ₹696 Cr
LIC MF Balanced Advantage Fund is a Dynamic Asset Allocation hybrid fund from LIC Mutual Fund with ₹696 Cr under management, launched in 2021. Over three years it has returned 3.6% a year, against 8.3% for its category. The expense ratio is 3.02% and the SEBI riskometer reading is Very High.
Performance
LIC MF Balanced Advantage Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.4% against +0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.7% | +1.1 pts | 0.6% | -0.5% |
| 2Y | 1.6% | 0.0 pts | 1.6% | 1.6% |
| 3Y | 3.6% | −4.7 pts | 8.3% | 3.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.1% | −0.5 pts | -2.6% | -2.7% |
| 3M | 1.1% | +1.6 pts | -0.5% | -0.5% |
| 6M | 5.9% | +1.5 pts | 4.3% | 4.1% |
| 1Y | 0.4% | −0.2 pts | 0.6% | 0.7% |
| 2Y | 0.8% | +0.7 pts | 0.1% | 0.3% |
| 3Y | 6.7% | −1.6 pts | 8.3% | 7.9% |
Since launch (20 Oct 2021): 6.9%
Calendar-year returns
Category average5.4%
13.3%
12.0%
3.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.2% | −3.4 pts | 6.7% |
| 2024 | 12.0% | −2.2 pts | 14.2% |
| 2023 | 13.3% | −6.7 pts | 20.0% |
| 2022 | 5.4% | +0.3 pts | 5.1% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.94%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.05%
- Brokerage
- 0.19%
- Transaction charges
- 0.01%
- Statutory levies
- 0.69%
- Exit load
- Exit load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 50 Hybrid Composite Debt 50:50 Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | 1.29 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.30 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.38 | 0.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 9.03 | 10.95 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Balanced Advantage Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity78.1%
- Debt17.7%
- Other4.2%
Market cap split
- Large51.5%
- Mid34.1%
- Small14.4%
- P/E
- 36.04
- P/B
- 5.51
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Jamnagar Utilities and Power Pvt. Ltd. | Capital Goods | 7.46% | ₹51.91 Cr | +7.49% | +7.21% | +6.60% |
| ICICI Bank Ltd. | Financial | 5.56% | ₹38.69 Cr | +4.55% | -0.66% | +2.91% |
| Bajaj Finance Ltd. | Financial | 4.34% | ₹30.18 Cr | +0.41% | — | — |
| Others | Others | 4.17% | ₹29.00 Cr | -0.03% | +42.52% | +35.24% |
| Navin Fluorine International Ltd. | Chemicals | 3.70% | ₹25.77 Cr | +3.90% | — | — |
| GOI | Sovereign | 3.67% | ₹25.53 Cr | +1.54% | +1.52% | +1.33% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.76% | ₹19.21 Cr | +2.58% | -0.76% | -0.37% |
| Larsen & Toubro Ltd. | Construction | 2.49% | ₹17.31 Cr | +2.58% | -0.53% | +2.22% |
| Solar Industries India Ltd. | Chemicals | 2.41% | ₹16.79 Cr | +1.89% | — | — |
| Shriram Finance Ltd | Financial | 2.39% | ₹16.65 Cr | +1.40% | — | +0.52% |
| AU Small Finance Bank Ltd. | Financial | 2.30% | ₹16.02 Cr | +1.42% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 2.25% | ₹15.68 Cr | +2.08% | +0.19% | — |
| company:7037 | Technology | 2.21% | ₹15.36 Cr | — | -2.02% | -2.09% |
| Info Edge (India) Ltd. | Services | 2.18% | ₹15.20 Cr | — | — | — |
| Coforge Ltd. | Technology | 2.14% | ₹14.89 Cr | +1.42% | — | — |
| Kei Industries Ltd. | Capital Goods | 2.02% | ₹14.06 Cr | — | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.95% | ₹13.60 Cr | +0.66% | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.93% | ₹13.42 Cr | +1.73% | -0.40% | -0.29% |
| Eternal Ltd. | Services | 1.89% | ₹13.12 Cr | — | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.81% | ₹12.60 Cr | — | — | 0.00% |
| Radico Khaitan Ltd. | Consumer Staples | 1.80% | ₹12.56 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 1.76% | ₹12.26 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.68% | ₹11.72 Cr | +1.44% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.66% | ₹11.54 Cr | +1.70% | — | — |
| Bharat Heavy Electricals Ltd. | Capital Goods | 1.65% | ₹11.51 Cr | +1.60% | — | -0.95% |
| Interglobe Aviation Ltd. | Services | 1.63% | ₹11.35 Cr | +0.70% | +0.73% | +0.49% |
| Ultratech Cement Ltd. | Materials | 1.56% | ₹10.88 Cr | +1.19% | -0.52% | -0.36% |
| Hitachi Energy India Ltd. | Capital Goods | 1.55% | ₹10.80 Cr | +1.71% | — | — |
| Thermax Ltd. | Capital Goods | 1.54% | ₹10.73 Cr | +2.03% | — | — |
| SRF Ltd. | Chemicals | 1.54% | ₹10.73 Cr | +1.95% | -0.58% | -0.50% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.54% | ₹10.71 Cr | +0.37% | -0.32% | — |
| Persistent Systems Ltd. | Technology | 1.52% | ₹10.57 Cr | +1.02% | — | — |
| Bharti Telecom Ltd. | Communication | 1.49% | ₹10.36 Cr | +1.50% | +1.41% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.48% | ₹10.30 Cr | +0.98% | +1.04% | +0.49% |
| Small Industries Devp. Bank of India Ltd. | Financial | 1.46% | ₹10.18 Cr | +1.47% | — | — |
| Endurance Technologies Ltd. | Automobile | 1.43% | ₹9.94 Cr | +0.67% | +0.25% | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.21% | ₹8.39 Cr | +1.38% | -1.08% | -0.72% |
| Oracle Financial Services Software Ltd. | Technology | 1.10% | ₹7.64 Cr | +0.90% | +0.60% | +0.69% |
| National Aluminium Company Ltd. | Metals & Mining | 0.99% | ₹6.87 Cr | — | — | — |
| Shakti Pumps (India) Ltd. | Capital Goods | 0.98% | ₹6.80 Cr | +1.30% | +1.31% | +1.92% |
| company:15272 | Materials | 0.98% | ₹6.79 Cr | — | — | — |
| Karur Vysya Bank Ltd. | Financial | 0.97% | ₹6.76 Cr | +0.13% | +0.14% | — |
| PB Fintech Ltd. | Services | 0.97% | ₹6.75 Cr | — | — | — |
| Neuland Laboratories Ltd. | Healthcare | 0.96% | ₹6.67 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 0.94% | ₹6.54 Cr | +0.95% | — | — |
| Eicher Motors Ltd. | Automobile | 0.90% | ₹6.25 Cr | +0.26% | -0.06% | +0.54% |
| Siemens Energy India Ltd. | Energy | 0.81% | ₹5.65 Cr | +0.73% | — | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.77% | ₹5.34 Cr | +0.77% | — | — |
| Export-Import Bank Of India | Financial | 0.71% | ₹4.94 Cr | — | — | — |
| Quality Power Electrical Equipments Ltd. | Capital Goods | 0.67% | ₹4.63 Cr | — | — | — |
| company:15106 | Healthcare | 0.59% | ₹4.08 Cr | — | — | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 0.58% | ₹4.07 Cr | — | — | — |
| company:1218 | Materials | 0.41% | ₹2.84 Cr | +2.32% | +1.52% | +1.11% |
| JK Cement Ltd. | Materials | 0.32% | ₹2.20 Cr | +0.33% | +0.34% | — |
| SML Mahindra Ltd. | Automobile | 0.20% | ₹1.38 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Bank Ltd. | -0.45% | 5.56% | +6.01% |
| company:7037 | 0.00% | 2.21% | +2.21% |
| Axis Bank Ltd. | 2.15% | 0.00% | -2.15% |
| Others | 1.66% | 0.15% | -1.51% |
| GOI | 2.33% | 3.67% | +1.34% |
| Reliance Industries Ltd. | -1.17% | 0.00% | +1.17% |
| company:15272 | 0.00% | 0.98% | +0.98% |
| company:15106 | 0.00% | 0.59% | +0.59% |
| Nippon Life India Asset Management Ltd. | 2.26% | 1.68% | -0.58% |
| INDO-MIM Ltd. | 1.27% | 1.76% | +0.49% |
| company:1218 | 0.00% | 0.41% | +0.41% |
| Multi Commodity Exchange Of India Ltd. | 1.57% | 1.95% | +0.38% |
| Navin Fluorine International Ltd. | 4.08% | 3.70% | -0.38% |
| CG Power and Industrial Solutions Ltd. | 2.01% | 1.66% | -0.36% |
| Hitachi Energy India Ltd. | 1.88% | 1.55% | -0.32% |
| SRF Ltd. | 1.86% | 1.54% | -0.31% |
| Shakti Pumps (India) Ltd. | 1.27% | 0.98% | -0.30% |
| Coforge Ltd. | 1.88% | 2.14% | +0.26% |
| Kei Industries Ltd. | 1.79% | 2.02% | +0.24% |
| Divi's Laboratories Ltd. | 2.48% | 2.25% | -0.23% |
| Bajaj Finance Ltd. | 2.41% | 2.21% | -0.21% |
| Thermax Ltd. | 1.73% | 1.54% | -0.18% |
| Solar Industries India Ltd. | 2.24% | 2.41% | +0.17% |
| Jamnagar Utilities and Power Pvt. Ltd. | 7.62% | 7.46% | -0.16% |
| National Aluminium Company Ltd. | 1.15% | 0.99% | -0.16% |
| Neuland Laboratories Ltd. | 0.81% | 0.96% | +0.15% |
| PB Fintech Ltd. | 0.84% | 0.97% | +0.13% |
| Eternal Ltd. | 1.76% | 1.89% | +0.12% |
| Bharat Heavy Electricals Ltd. | 1.54% | 1.65% | +0.11% |
| Kirloskar Oil Engines Ltd. | 1.92% | 1.81% | -0.10% |
| Oracle Financial Services Software Ltd. | 0.99% | 1.10% | +0.10% |
| Shriram Finance Ltd | 2.29% | 2.39% | +0.10% |
| Ultratech Cement Ltd. | 1.65% | 1.56% | -0.09% |
| Quality Power Electrical Equipments Ltd. | 0.74% | 0.67% | -0.08% |
| Mahindra & Mahindra Ltd. | 1.55% | 1.48% | -0.07% |
| Schneider Electric Infrastructure Ltd. | 0.53% | 0.58% | +0.05% |
| AU Small Finance Bank Ltd. | 2.25% | 2.30% | +0.05% |
| Torrent Pharmaceuticals Ltd. | 1.98% | 1.93% | -0.05% |
| Sun Pharmaceutical Industries Ltd. | 2.81% | 2.76% | -0.05% |
| Info Edge (India) Ltd. | 2.15% | 2.18% | +0.04% |
| Tata Steel Ltd. | -0.04% | 0.00% | +0.04% |
| Endurance Technologies Ltd. | 1.39% | 1.43% | +0.04% |
| Radico Khaitan Ltd. | 1.77% | 1.80% | +0.03% |
| Apollo Hospitals Enterprise Ltd. | 1.57% | 1.54% | -0.03% |
| Hindalco Industries Ltd. | 1.17% | 1.21% | +0.03% |
| Larsen & Toubro Ltd. | 2.46% | 2.49% | +0.03% |
| SML Mahindra Ltd. | 0.22% | 0.20% | -0.03% |
| JK Cement Ltd. | 0.34% | 0.32% | -0.02% |
| Small Industries Devp. Bank of India Ltd. | 1.48% | 1.46% | -0.02% |
| Bharti Telecom Ltd. | 1.51% | 1.49% | -0.02% |
| JSW Steel Ltd. | 0.93% | 0.94% | +0.01% |
| Siemens Energy India Ltd. | 0.82% | 0.81% | -0.01% |
| Indian Railway Finance Corporation Ltd. | 0.78% | 0.77% | -0.01% |
| Persistent Systems Ltd. | 1.53% | 1.52% | -0.01% |
| Export-Import Bank Of India | 0.72% | 0.71% | -0.01% |
| Interglobe Aviation Ltd. | 1.64% | 1.63% | 0.00% |
| Eicher Motors Ltd. | 0.90% | 0.90% | 0.00% |
| Karur Vysya Bank Ltd. | 0.97% | 0.97% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹39,803 Cr | 1.98% | 0.3% | 5.2% | 9.8% |
 HDFC Balanced Advantage Fund | ₹1,07,296 Cr | 1.31% | -3.8% | 3.3% | 10.5% |
 ICICI Prudential Balanced Advantage Fund | ₹75,399 Cr | 1.57% | 1.2% | 6.7% | 9.4% |
 Aditya Birla Sun Life Balanced Advantage Fund | ₹10,125 Cr | 1.95% | 4.6% | 7.5% | 9.6% |
 Baroda BNP Paribas Balanced Advantage Fund | ₹5,343 Cr | 2.05% | 1.4% | 6.3% | 9.6% |
 Quant Dynamic Asset Allocation Fund | ₹852 Cr | 3.03% | -2.1% | 2.5% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments.
Fund managers
- Mahesh BendreMr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities
- Rahul SinghMr. Singh is a B.Sc Economic Hons.and holds a PGDM from IIM-A.Prior to joining LIC Nomura Mutual Fund , he has worked with BOI AXA Investment Managers(August 2009-August 2015) , ING Investment Management (May 2008- August 2009) Standard Chartered Bank (intern)( April 2007- May 2007) and Ashika Capital ( Jan 2004 - April 2006).
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.89% absolute | ₹60,000 | ₹63,534 | 5.89% | |
| 1 year0.40% annualised | ₹1,20,000 | ₹1,20,260 | 0.22% | |
| 3 years6.65% annualised | ₹3,60,000 | ₹3,99,410 | 10.95% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of LIC MF Balanced Advantage Fund?
The NAV of LIC MF Balanced Advantage Fund is ₹13.64 as on 24 Sep 2026.
What is the expense ratio of LIC MF Balanced Advantage Fund?
The expense ratio of LIC MF Balanced Advantage Fund is 3.02% per year.
What is the minimum SIP amount for LIC MF Balanced Advantage Fund?
You can start a SIP in LIC MF Balanced Advantage Fund with ₹3,000 a month.
Is there a lock-in or exit load on LIC MF Balanced Advantage Fund?
Lock-in: None. Exit load: Exit load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months..
How risky is LIC MF Balanced Advantage Fund?
LIC MF Balanced Advantage Fund is rated Very High on the SEBI riskometer and belongs to the Dynamic Asset Allocation category.
Which fund house manages LIC MF Balanced Advantage Fund?
LIC MF Balanced Advantage Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.