LIC MF Equity Savings Fund
Equity SavingsModerateOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹28.59+0.33%1 day
- Return since launch
- 6.9%
- 52-week range
- ₹26.66 — ₹28.83
- AUM
- ₹38.68 Cr
LIC MF Equity Savings Fund is a Equity Savings hybrid fund from LIC Mutual Fund with ₹38.68 Cr under management, launched in 2011. Over three years it has returned 5.2% a year, against 8.0% for its category. The expense ratio is 2.83% and the SEBI riskometer reading is Moderate.
Performance
LIC MF Equity Savings Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.5% against +2.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.2% | +0.5 pts | 3.7% | 4.4% |
| 2Y | 4.4% | −0.8 pts | 5.1% | 4.4% |
| 3Y | 5.2% | −2.8 pts | 8.0% | 4.8% |
| 5Y | 6.7% | −0.2 pts | 6.9% | 6.4% |
| 7Y | 7.3% | −0.7 pts | 8.0% | 7.0% |
| 10Y | 7.2% | −0.4 pts | 7.6% | 7.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.3% | −0.9 pts | 2.2% | 2.5% |
| 3M | -0.1% | −0.8 pts | 0.7% | 0.4% |
| 6M | 1.2% | −1.6 pts | 2.8% | 2.8% |
| 1Y | 1.5% | −2.2 pts | 3.7% | 2.6% |
| 2Y | 4.3% | −0.3 pts | 4.7% | 4.1% |
| 3Y | 7.7% | −0.3 pts | 8.0% | 6.9% |
| 5Y | 6.3% | −0.7 pts | 6.9% | 6.0% |
| 7Y | 7.6% | −0.6 pts | 8.2% | 7.4% |
| 10Y | 6.5% | −1.1 pts | 7.6% | 7.0% |
Since launch (14 Feb 2011): 6.9%
Calendar-year returns
Category average9.7%
10.1%
2.9%
11.9%
8.9%
7.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.3% | 0.0 pts | 7.3% |
| 2024 | 8.9% | −3.0 pts | 11.9% |
| 2023 | 11.9% | −2.4 pts | 14.3% |
| 2022 | 2.9% | −1.3 pts | 4.2% |
| 2021 | 10.1% | −3.4 pts | 13.6% |
| 2020 | 9.7% | −0.8 pts | 10.5% |
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
2.80%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.99%
- Brokerage
- 0.11%
- Transaction charges
- 0.02%
- Statutory levies
- 0.68%
- 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 Equity Savings TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderate
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.18 | 0.93 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.22 | 0.59 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.31 | 0.72 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 7.28 | 6.22 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Equity Savings Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity34.4%
- Debt11.7%
- Other53.9%
Market cap split
- Large60.4%
- Mid30.7%
- Small8.9%
- P/E
- 27.18
- P/B
- 4.16
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 54.53% | ₹21.09 Cr | +112.15% | +108.60% | +111.33% |
| LIC MF Liquid Fund - Direct Plan | Unclassified | 9.73% | ₹3.76 Cr | +10.19% | +11.30% | +11.85% |
| Eternal Ltd. | Services | 2.01% | ₹0.78 Cr | -1.77% | -1.73% | — |
| Bajaj Auto Ltd. | Automobile | 1.79% | ₹0.69 Cr | +1.27% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 1.68% | ₹0.65 Cr | +1.63% | — | — |
| Solar Industries India Ltd. | Chemicals | 1.60% | ₹0.62 Cr | — | — | — |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.59% | ₹0.61 Cr | +1.40% | — | — |
| LG Electronics India Ltd. | Consumer Discretionary | 1.47% | ₹0.57 Cr | +0.84% | +0.88% | — |
| Ajanta Pharma Ltd. | Healthcare | 1.47% | ₹0.57 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.41% | ₹0.55 Cr | -0.81% | +0.65% | — |
| LIC MF Money Market Fund Direct - Growth | Unclassified | 1.33% | ₹0.52 Cr | +1.39% | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.29% | ₹0.50 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.27% | ₹0.49 Cr | +1.31% | — | — |
| Bharti Airtel Ltd. | Communication | 1.23% | ₹0.47 Cr | +1.37% | +1.31% | -1.51% |
| Endurance Technologies Ltd. | Automobile | 1.20% | ₹0.46 Cr | +0.92% | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.19% | ₹0.46 Cr | +1.21% | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.18% | ₹0.46 Cr | +1.28% | -2.96% | -2.82% |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.09% | ₹0.42 Cr | +1.34% | +1.30% | +0.51% |
| Asian Paints Ltd. | Materials | 1.09% | ₹0.42 Cr | +1.27% | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.07% | ₹0.41 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.06% | ₹0.41 Cr | -1.20% | +1.40% | +1.25% |
| National Aluminium Company Ltd. | Metals & Mining | 0.99% | ₹0.38 Cr | +1.05% | -2.70% | -1.62% |
| AU Small Finance Bank Ltd. | Financial | 0.97% | ₹0.37 Cr | +1.05% | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 0.95% | ₹0.37 Cr | +0.38% | — | — |
| CarTrade Tech Ltd. | Services | 0.90% | ₹0.35 Cr | — | — | — |
| Garware Hi-Tech Films Ltd. | Materials | 0.85% | ₹0.33 Cr | +0.86% | +0.48% | +1.20% |
| Siemens Ltd. | Capital Goods | 0.84% | ₹0.33 Cr | +0.87% | — | — |
| Muthoot Finance Ltd. | Financial | 0.71% | ₹0.27 Cr | +0.82% | — | — |
| Lumax Auto Technologies Ltd. | Automobile | 0.70% | ₹0.27 Cr | +0.55% | — | — |
| Bharat Electronics Ltd. | Capital Goods | 0.68% | ₹0.26 Cr | +0.76% | +0.84% | +0.47% |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.67% | ₹0.26 Cr | +0.67% | +0.60% | +0.15% |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 0.67% | ₹0.26 Cr | +0.67% | +0.47% | +0.26% |
| CreditAccess Grameen Ltd. | Financial | 0.49% | ₹0.19 Cr | — | — | — |
| Thermax Ltd. | Capital Goods | 0.48% | ₹0.19 Cr | +0.78% | — | — |
| Jubilant FoodWorks Ltd. | Services | 0.00% | ₹0.00 Cr | -1.44% | +1.68% | +1.31% |
| Persistent Systems Ltd. | Technology | 0.00% | ₹0.00 Cr | -1.79% | -1.75% | -1.95% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.00% | ₹0.00 Cr | -1.75% | -2.02% | -2.81% |
| United Spirits Ltd. | Consumer Staples | 0.00% | ₹0.00 Cr | -1.77% | -1.82% | -2.15% |
| Kotak Mahindra Bank Ltd. | Financial | 0.00% | ₹0.00 Cr | -2.61% | -2.64% | -3.23% |
| Max Financial Services Ltd. | Financial | -0.00% | ₹-0.00 Cr | -1.75% | — | — |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.00 Cr | +1.71% | +2.77% | +2.69% |
| Ultratech Cement Ltd. | Materials | -0.00% | ₹-0.00 Cr | -3.12% | -3.34% | -4.12% |
| Maruti Suzuki India Ltd. | Automobile | -0.00% | ₹-0.00 Cr | -2.34% | -2.30% | -3.24% |
| Tata Consultancy Services Ltd. | Technology | -0.00% | ₹-0.00 Cr | -3.00% | -3.08% | -4.08% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | -0.00% | ₹-0.00 Cr | -1.29% | -1.00% | -1.41% |
| ICICI Bank Ltd. | Financial | -0.01% | ₹-0.00 Cr | +2.12% | -2.11% | -2.55% |
| Tube Investments Of India Ltd. | Automobile | -0.01% | ₹-0.00 Cr | -1.34% | -1.25% | -1.67% |
| Bajaj Finance Ltd. | Financial | -0.01% | ₹-0.00 Cr | -2.08% | -1.87% | -2.53% |
| Eicher Motors Ltd. | Automobile | -0.01% | ₹-0.00 Cr | -1.95% | -2.05% | — |
| Infosys Ltd. | Technology | -0.01% | ₹-0.00 Cr | -1.98% | -2.78% | -3.48% |
| HDFC Asset Management Company Ltd. | Financial | -0.01% | ₹-0.00 Cr | -2.20% | -2.07% | -2.79% |
| Hero Motocorp Ltd. | Automobile | -0.01% | ₹-0.00 Cr | -2.35% | -2.84% | -3.29% |
| Coforge Ltd. | Technology | -0.01% | ₹-0.00 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | -0.01% | ₹-0.00 Cr | -2.87% | +2.48% | +1.23% |
| Hindalco Industries Ltd. | Metals & Mining | -0.01% | ₹-0.00 Cr | -2.95% | -3.09% | -2.88% |
| APL Apollo Tubes Ltd. | Metals & Mining | -0.01% | ₹-0.00 Cr | -3.12% | -2.11% | — |
| Trent Ltd. | Services | -0.01% | ₹-0.00 Cr | -4.06% | -2.05% | -3.16% |
| Ashok Leyland Ltd. | Automobile | -0.01% | ₹-0.01 Cr | -3.50% | -3.84% | -3.78% |
| Bank Of Baroda | Financial | -0.02% | ₹-0.01 Cr | -4.41% | -4.52% | -5.11% |
| State Bank of India | Financial | -0.02% | ₹-0.01 Cr | -5.12% | +0.87% | +1.27% |
| Cipla Ltd. | Healthcare | -0.02% | ₹-0.01 Cr | -6.21% | -2.29% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 34.46% | 31.94% | -2.51% |
| Max Financial Services Ltd. | -0.81% | 0.71% | +1.52% |
| Ajanta Pharma Ltd. | 0.00% | 1.47% | +1.47% |
| Oracle Financial Services Software Ltd. | 1.13% | 0.00% | -1.13% |
| Sun Pharmaceutical Industries Ltd. | 1.07% | 0.00% | -1.07% |
| LG Electronics India Ltd. | 0.86% | 1.47% | +0.61% |
| Radico Khaitan Ltd. | 0.87% | 1.41% | +0.54% |
| Torrent Pharmaceuticals Ltd. | 1.18% | 1.59% | +0.41% |
| Ujjivan Small Finance Bank Ltd. | 0.71% | 1.07% | +0.35% |
| Bajaj Auto Ltd. | 1.49% | 1.79% | +0.30% |
| Endurance Technologies Ltd. | 0.93% | 1.20% | +0.28% |
| Sona BLW Precision Forgings Ltd. | 1.05% | 1.29% | +0.24% |
| Ashok Leyland Ltd. | -1.83% | -1.61% | +0.22% |
| State Bank of India | -2.44% | -2.25% | +0.19% |
| Tata Consultancy Services Ltd. | -1.63% | -1.43% | +0.19% |
| Trent Ltd. | -1.69% | -1.54% | +0.15% |
| Coforge Ltd. | -1.22% | -1.08% | +0.13% |
| Titan Company Ltd. | 1.32% | 1.19% | -0.13% |
| Cipla Ltd. | -2.81% | -2.68% | +0.13% |
| Infosys Ltd. | -1.05% | -0.93% | +0.12% |
| Godfrey Phillips India Ltd. | 1.21% | 1.09% | -0.12% |
| Maruti Suzuki India Ltd. | -1.05% | -0.93% | +0.12% |
| National Aluminium Company Ltd. | 1.11% | 0.99% | -0.11% |
| FSN E-Commerce Ventures Ltd. | 1.38% | 1.27% | -0.11% |
| Asian Paints Ltd. | 1.20% | 1.09% | -0.11% |
| Hindalco Industries Ltd. | -1.48% | -1.38% | +0.11% |
| Eicher Motors Ltd. | -1.04% | -0.93% | +0.11% |
| HDFC Asset Management Company Ltd. | -0.99% | -0.89% | +0.10% |
| Bajaj Finance Ltd. | -1.04% | -0.94% | +0.10% |
| Allied Blenders And Distillers Ltd. | 0.58% | 0.67% | +0.10% |
| Hitachi Energy India Ltd. | 1.04% | 0.95% | -0.09% |
| Apollo Hospitals Enterprise Ltd. | 1.15% | 1.06% | -0.09% |
| ICICI Bank Ltd. | -1.05% | -0.96% | +0.09% |
| United Spirits Ltd. | -0.93% | -0.84% | +0.09% |
| Tube Investments Of India Ltd. | -0.58% | -0.50% | +0.08% |
| Ultratech Cement Ltd. | -1.49% | -1.42% | +0.08% |
| Persistent Systems Ltd. | -1.09% | -1.02% | +0.07% |
| LIC MF Liquid Fund - Direct Plan | 9.66% | 9.73% | +0.07% |
| Thermax Ltd. | 0.55% | 0.48% | -0.07% |
| Hero Motocorp Ltd. | -1.30% | -1.23% | +0.07% |
| AU Small Finance Bank Ltd. | 1.04% | 0.97% | -0.07% |
| Siemens Ltd. | 0.91% | 0.84% | -0.07% |
| Muthoot Finance Ltd. | 0.77% | 0.71% | -0.06% |
| Crompton Greaves Consumer Electricals Ltd. | -0.52% | -0.47% | +0.05% |
| Jubilant FoodWorks Ltd. | -0.78% | -0.73% | +0.05% |
| Larsen & Toubro Ltd. | -0.73% | -0.68% | +0.05% |
| Eternal Ltd. | 2.05% | 2.01% | -0.05% |
| Bharat Electronics Ltd. | 0.72% | 0.68% | -0.04% |
| Bank Of Baroda | -1.80% | -1.76% | +0.04% |
| Bharti Airtel Ltd. | 1.26% | 1.23% | -0.03% |
| HDFC Life Insurance Co Ltd. | -0.77% | -0.74% | +0.03% |
| CreditAccess Grameen Ltd. | 0.53% | 0.49% | -0.03% |
| Solar Industries India Ltd. | 1.63% | 1.60% | -0.03% |
| Divi's Laboratories Ltd. | 1.71% | 1.68% | -0.03% |
| Kotak Mahindra Bank Ltd. | -1.32% | -1.29% | +0.03% |
| CarTrade Tech Ltd. | 0.93% | 0.90% | -0.03% |
| Hindustan Aeronautics Ltd. | 0.69% | 0.67% | -0.02% |
| APL Apollo Tubes Ltd. | -1.81% | -1.80% | +0.02% |
| Garware Hi-Tech Films Ltd. | 0.87% | 0.85% | -0.01% |
| LIC MF Money Market Fund Direct - Growth | 1.32% | 1.33% | +0.01% |
| HDFC Bank Ltd. | -1.20% | -1.20% | 0.00% |
| Tata Steel Ltd. | 1.18% | 1.18% | 0.00% |
| Lumax Auto Technologies Ltd. | 0.70% | 0.70% | 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 | ₹3,311 Cr | 2.20% | 7.5% | 7.4% | 9.0% |
 Kotak Equity Savings Fund | ₹10,443 Cr | 2.13% | 3.6% | 5.6% | 8.0% |
 Mirae Asset Equity Savings Fund | ₹1,994 Cr | 1.72% | 7.4% | 7.3% | 8.8% |
 Edelweiss Equity Savings Fund | ₹1,704 Cr | 2.10% | 8.7% | 8.5% | 9.4% |
 HSBC Equity Savings Fund | ₹1,558 Cr | 2.37% | 10.1% | 9.4% | 11.0% |
 Axis Equity Savings Fund | ₹855 Cr | 2.68% | 8.0% | 6.3% | 7.8% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide regular income by investing in debt and money market instruments and using arbitrage and other derivative strategies. Also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments.
Fund managers
- Pratik Harish ShroffMr. Shroff has done B.Com, M.Com, CFA, FRM and Executive Programme in Applied Finance â IIM, CalcuttaPrior to joining LIC Mutual Fund, he was associated with CTBC Bank Ltd, IndusInd Bank Ltd, Industrial and Commercial Bank of China, Tata Mutual Fund and LKP Securities
- Siddharth PanjwaniCFA Institute, USA, MBA - Carnegie Mellon University, B.E., Computer SciencePrior to joining the LIC AMC, he was associated with People Hum Technologies Pvt Ltd, Engati Technologies Pvt Ltd, PiMonk Tech Pvt Ltd, Quinbay Technologies Pvt Ltd, Pickright Technologies Pvt Ltd, Quintessential Investment Advisors LLP and Lazard Asset Management.
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 months1.19% absolute | ₹60,000 | ₹60,714 | 1.19% | |
| 1 year1.49% annualised | ₹1,20,000 | ₹1,20,973 | 0.81% | |
| 3 years7.67% annualised | ₹3,60,000 | ₹4,05,923 | 12.76% | |
| 5 years6.25% annualised | ₹6,00,000 | ₹7,05,859 | 17.64% |
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 Equity Savings Fund?
The NAV of LIC MF Equity Savings Fund is ₹28.59 as on 6 Nov 2026.
What is the expense ratio of LIC MF Equity Savings Fund?
The expense ratio of LIC MF Equity Savings Fund is 2.83% per year.
What is the minimum SIP amount for LIC MF Equity Savings Fund?
You can start a SIP in LIC MF Equity Savings Fund with ₹3,000 a month.
What returns has LIC MF Equity Savings Fund given?
LIC MF Equity Savings Fund has returned 4.2% over 1 year, 5.2% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Equity Savings 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 Equity Savings Fund?
LIC MF Equity Savings Fund is rated Moderate on the SEBI riskometer and belongs to the Equity Savings category.
Which fund house manages LIC MF Equity Savings Fund?
LIC MF Equity Savings Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,860 Cr under management.