LIC MF Equity Savings Fund
Equity SavingsModerateOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹28.54+0.21%1 day
- Return since launch
- 7.0%
- 52-week range
- ₹26.66 — ₹28.83
- AUM
- ₹38.78 Cr
LIC MF Equity Savings Fund is a Equity Savings hybrid fund from LIC Mutual Fund with ₹38.78 Cr under management, launched in 2011. Over three years it has returned 5.7% a year, against 7.6% for its category. The expense ratio is 2.90% 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 +2.6% against +2.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.1% | +0.6 pts | 3.5% | 1.8% |
| 2Y | 4.7% | +0.9 pts | 3.8% | 3.2% |
| 3Y | 5.7% | −1.9 pts | 7.6% | 4.4% |
| 5Y | 7.0% | +0.2 pts | 6.8% | 6.1% |
| 7Y | 7.6% | −0.3 pts | 7.9% | 7.0% |
| 10Y | 7.3% | −0.1 pts | 7.4% | 6.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.8% | −0.1 pts | -0.8% | -0.9% |
| 3M | 2.1% | +1.4 pts | 0.6% | 0.3% |
| 6M | 6.2% | +2.0 pts | 4.2% | 3.6% |
| 1Y | 2.6% | −0.9 pts | 3.5% | 2.6% |
| 2Y | 3.8% | +0.7 pts | 3.1% | 2.6% |
| 3Y | 7.5% | 0.0 pts | 7.6% | 6.6% |
| 5Y | 6.4% | −0.4 pts | 6.8% | 5.9% |
| 7Y | 7.8% | −0.4 pts | 8.2% | 7.4% |
| 10Y | 6.5% | −1.0 pts | 7.4% | 6.8% |
Since launch (14 Feb 2011): 7.0%
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
2.85%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.99%
- Brokerage
- 0.12%
- Transaction charges
- 0.02%
- Statutory levies
- 0.72%
- 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 | — | 0.87 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.37 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.51 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 7.15 | 6.16 | 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 31 Aug 2026
Asset allocation
- Equity33.7%
- Debt10.2%
- Other56.1%
Market cap split
- Large62.9%
- Mid28.8%
- Small8.3%
- P/E
- 28.56
- P/B
- 4.37
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 55.35% | ₹21.47 Cr | +108.21% | +101.05% | +114.55% |
| LIC MF Liquid Fund - Direct Plan | Unclassified | 9.66% | ₹3.75 Cr | +10.49% | +10.17% | +12.38% |
| Eternal Ltd. | Services | 2.05% | ₹0.80 Cr | -1.75% | -1.68% | — |
| Divi's Laboratories Ltd. | Healthcare | 1.71% | ₹0.66 Cr | +1.71% | — | — |
| Solar Industries India Ltd. | Chemicals | 1.63% | ₹0.63 Cr | — | — | — |
| Bajaj Auto Ltd. | Automobile | 1.49% | ₹0.58 Cr | +1.42% | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.38% | ₹0.54 Cr | +1.15% | — | — |
| LIC MF Money Market Fund Direct - Growth | Unclassified | 1.32% | ₹0.51 Cr | +1.43% | — | — |
| Titan Company Ltd. | Consumer Discretionary | 1.32% | ₹0.51 Cr | +1.16% | — | — |
| Bharti Airtel Ltd. | Communication | 1.26% | ₹0.49 Cr | +1.41% | -1.26% | -1.59% |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.21% | ₹0.47 Cr | +1.45% | +1.33% | — |
| Asian Paints Ltd. | Materials | 1.20% | ₹0.46 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.18% | ₹0.46 Cr | +1.47% | -2.97% | -2.70% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 1.18% | ₹0.46 Cr | +1.38% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.15% | ₹0.44 Cr | +1.18% | +1.33% | +1.35% |
| Oracle Financial Services Software Ltd. | Technology | 1.13% | ₹0.44 Cr | — | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 1.11% | ₹0.43 Cr | -2.74% | -2.25% | -1.46% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.07% | ₹0.42 Cr | -1.09% | -1.03% | -1.18% |
| company:16550 | Automobile | 1.05% | ₹0.41 Cr | — | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.04% | ₹0.41 Cr | — | — | — |
| AU Small Finance Bank Ltd. | Financial | 1.04% | ₹0.40 Cr | — | — | — |
| CarTrade Tech Ltd. | Services | 0.93% | ₹0.36 Cr | — | — | — |
| Endurance Technologies Ltd. | Automobile | 0.93% | ₹0.36 Cr | +0.97% | — | — |
| Siemens Ltd. | Capital Goods | 0.91% | ₹0.35 Cr | +0.96% | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 0.87% | ₹0.34 Cr | +0.72% | +0.59% | — |
| Garware Hi-Tech Films Ltd. | Materials | 0.87% | ₹0.34 Cr | +0.82% | +0.54% | +1.16% |
| LG Electronics India Ltd. | Consumer Discretionary | 0.86% | ₹0.33 Cr | +0.86% | +0.88% | — |
| Muthoot Finance Ltd. | Financial | 0.77% | ₹0.30 Cr | — | — | +0.35% |
| Bharat Electronics Ltd. | Capital Goods | 0.72% | ₹0.28 Cr | +0.79% | +0.84% | +0.45% |
| company:14561 | Financial | 0.71% | ₹0.28 Cr | — | — | — |
| Lumax Auto Technologies Ltd. | Automobile | 0.70% | ₹0.27 Cr | +0.64% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.69% | ₹0.27 Cr | +0.69% | +0.61% | +0.15% |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 0.58% | ₹0.22 Cr | +0.58% | +0.50% | +0.27% |
| Thermax Ltd. | Capital Goods | 0.55% | ₹0.21 Cr | +0.78% | — | — |
| company:11921 | Financial | 0.53% | ₹0.20 Cr | — | — | — |
| Tata Consultancy Services Ltd. | Technology | 0.04% | ₹0.02 Cr | -2.73% | -3.11% | -4.58% |
| HDFC Asset Management Company Ltd. | Financial | 0.02% | ₹0.01 Cr | -2.31% | -2.28% | -2.90% |
| Jubilant FoodWorks Ltd. | Services | 0.02% | ₹0.01 Cr | -1.54% | +1.82% | — |
| State Bank of India | Financial | 0.02% | ₹0.01 Cr | -4.99% | +0.97% | +1.23% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.00% | ₹0.00 Cr | -1.17% | -1.05% | -1.68% |
| Bank Of Baroda | Financial | 0.00% | ₹0.00 Cr | -4.52% | -5.30% | -4.81% |
| Maruti Suzuki India Ltd. | Automobile | 0.00% | ₹0.00 Cr | -2.27% | -2.52% | -3.13% |
| ICICI Bank Ltd. | Financial | -0.00% | ₹-0.00 Cr | -2.03% | -2.18% | -2.77% |
| Infosys Ltd. | Technology | -0.00% | ₹-0.00 Cr | -2.40% | -2.64% | -3.74% |
| Larsen & Toubro Ltd. | Construction | -0.00% | ₹-0.00 Cr | +1.74% | +3.06% | +2.35% |
| Tube Investments Of India Ltd. | Automobile | -0.00% | ₹-0.00 Cr | -1.45% | -1.24% | -1.68% |
| Coforge Ltd. | Technology | -0.00% | ₹-0.00 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | -0.00% | ₹-0.00 Cr | -1.88% | -2.22% | -3.00% |
| Max Financial Services Ltd. | Financial | -0.00% | ₹-0.00 Cr | +1.91% | — | — |
| United Spirits Ltd. | Consumer Staples | -0.01% | ₹-0.00 Cr | -1.75% | -1.87% | -2.22% |
| APL Apollo Tubes Ltd. | Metals & Mining | -0.01% | ₹-0.00 Cr | -3.32% | — | — |
| Eicher Motors Ltd. | Automobile | -0.01% | ₹-0.00 Cr | -2.07% | — | — |
| HDFC Bank Ltd. | Financial | -0.01% | ₹-0.00 Cr | -2.32% | +2.72% | +1.29% |
| Persistent Systems Ltd. | Technology | -0.01% | ₹-0.00 Cr | -1.77% | -1.60% | -2.25% |
| Bajaj Finance Ltd. | Financial | -0.01% | ₹-0.01 Cr | -1.95% | -2.11% | -2.33% |
| Ashok Leyland Ltd. | Automobile | -0.01% | ₹-0.01 Cr | -3.53% | -4.74% | -3.58% |
| Hindalco Industries Ltd. | Metals & Mining | -0.02% | ₹-0.01 Cr | -3.64% | -2.92% | -2.78% |
| Trent Ltd. | Services | -0.02% | ₹-0.01 Cr | -2.43% | -2.20% | -3.75% |
| Ultratech Cement Ltd. | Materials | -0.02% | ₹-0.01 Cr | -3.31% | -3.57% | -4.46% |
| Kotak Mahindra Bank Ltd. | Financial | -0.02% | ₹-0.01 Cr | -2.65% | -2.81% | -3.33% |
| Cipla Ltd. | Healthcare | -0.03% | ₹-0.01 Cr | -2.40% | — | — |
| Hero Motocorp Ltd. | Automobile | -0.03% | ₹-0.01 Cr | -2.54% | -2.90% | -3.24% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Coforge Ltd. | 1.10% | -1.22% | -2.31% |
| Radico Khaitan Ltd. | -0.87% | 0.87% | +1.74% |
| TVS Motor Company Ltd. | 1.26% | 0.00% | -1.26% |
| company:16550 | 0.00% | 1.05% | +1.05% |
| company:14561 | 0.00% | 0.71% | +0.71% |
| Solar Industries India Ltd. | 0.93% | 1.63% | +0.71% |
| Natco Pharma Ltd. | 0.55% | 0.00% | -0.55% |
| company:11921 | 0.00% | 0.53% | +0.53% |
| Torrent Pharmaceuticals Ltd. | 1.50% | 1.18% | -0.32% |
| APL Apollo Tubes Ltd. | -1.52% | -1.81% | -0.29% |
| Others | 34.72% | 34.46% | -0.26% |
| LIC MF Liquid Fund - Direct Plan | 9.89% | 9.66% | -0.23% |
| Divi's Laboratories Ltd. | 1.92% | 1.71% | -0.21% |
| Cipla Ltd. | -3.00% | -2.81% | +0.19% |
| Lumax Auto Technologies Ltd. | 0.54% | 0.70% | +0.16% |
| Bharti Airtel Ltd. | 1.41% | 1.26% | -0.15% |
| Trent Ltd. | -1.80% | -1.69% | +0.11% |
| Eternal Ltd. | 1.95% | 2.05% | +0.11% |
| Bajaj Finance Ltd. | -1.14% | -1.04% | +0.10% |
| HDFC Bank Ltd. | -1.30% | -1.20% | +0.10% |
| Oracle Financial Services Software Ltd. | 1.04% | 1.13% | +0.09% |
| Bank Of Baroda | -1.89% | -1.80% | +0.09% |
| Ultratech Cement Ltd. | -1.58% | -1.49% | +0.09% |
| LG Electronics India Ltd. | 0.78% | 0.86% | +0.08% |
| Crompton Greaves Consumer Electricals Ltd. | -0.60% | -0.52% | +0.08% |
| Asian Paints Ltd. | 1.28% | 1.20% | -0.08% |
| Thermax Ltd. | 0.63% | 0.55% | -0.07% |
| Tata Consultancy Services Ltd. | -1.70% | -1.63% | +0.07% |
| Maruti Suzuki India Ltd. | -1.12% | -1.05% | +0.07% |
| Kotak Mahindra Bank Ltd. | -1.25% | -1.32% | -0.07% |
| Tata Steel Ltd. | 1.25% | 1.18% | -0.07% |
| National Aluminium Company Ltd. | 1.04% | 1.11% | +0.06% |
| Muthoot Finance Ltd. | 0.83% | 0.77% | -0.06% |
| CarTrade Tech Ltd. | 0.87% | 0.93% | +0.06% |
| Ashok Leyland Ltd. | -1.77% | -1.83% | -0.06% |
| HDFC Asset Management Company Ltd. | -1.05% | -0.99% | +0.06% |
| Jubilant FoodWorks Ltd. | -0.73% | -0.78% | -0.05% |
| Godfrey Phillips India Ltd. | 1.27% | 1.21% | -0.05% |
| United Spirits Ltd. | -0.97% | -0.93% | +0.04% |
| Apollo Hospitals Enterprise Ltd. | 1.19% | 1.15% | -0.04% |
| Siemens Ltd. | 0.87% | 0.91% | +0.04% |
| Sun Pharmaceutical Industries Ltd. | 1.11% | 1.07% | -0.03% |
| Bajaj Auto Ltd. | 1.45% | 1.49% | +0.03% |
| LIC MF Money Market Fund Direct - Growth | 1.35% | 1.32% | -0.03% |
| HDFC Life Insurance Co Ltd. | -0.80% | -0.77% | +0.03% |
| Bharat Electronics Ltd. | 0.70% | 0.72% | +0.03% |
| Garware Hi-Tech Films Ltd. | 0.89% | 0.87% | -0.03% |
| Infosys Ltd. | -1.08% | -1.05% | +0.03% |
| FSN E-Commerce Ventures Ltd. | 1.36% | 1.38% | +0.03% |
| State Bank of India | -2.47% | -2.44% | +0.03% |
| Titan Company Ltd. | 1.29% | 1.32% | +0.02% |
| Hindalco Industries Ltd. | -1.46% | -1.48% | -0.02% |
| Hitachi Energy India Ltd. | 1.02% | 1.04% | +0.02% |
| Allied Blenders And Distillers Ltd. | 0.60% | 0.58% | -0.02% |
| Persistent Systems Ltd. | -1.11% | -1.09% | +0.02% |
| Tube Investments Of India Ltd. | -0.59% | -0.58% | +0.01% |
| Max Financial Services Ltd. | -0.80% | -0.81% | -0.01% |
| Endurance Technologies Ltd. | 0.91% | 0.93% | +0.01% |
| ICICI Bank Ltd. | -1.06% | -1.05% | +0.01% |
| Hero Motocorp Ltd. | -1.29% | -1.30% | -0.01% |
| AU Small Finance Bank Ltd. | 1.03% | 1.04% | +0.01% |
| Eicher Motors Ltd. | -1.04% | -1.04% | 0.00% |
| Hindustan Aeronautics Ltd. | 0.69% | 0.69% | 0.00% |
| Larsen & Toubro Ltd. | -0.73% | -0.73% | 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 | ₹3,230 Cr | 2.25% | 4.9% | 7.1% | 8.8% |
 Kotak Equity Savings Fund | ₹10,684 Cr | 2.12% | 3.2% | 6.0% | 8.3% |
 Mirae Asset Equity Savings Fund | ₹2,041 Cr | 1.73% | 3.4% | 6.4% | 8.3% |
 Edelweiss Equity Savings Fund | ₹1,660 Cr | 2.15% | 8.1% | 8.7% | 9.5% |
 HSBC Equity Savings Fund | ₹1,475 Cr | 2.46% | 7.4% | 9.0% | 10.8% |
 Baroda BNP Paribas Equity Savings Fund | ₹289 Cr | 2.81% | 2.3% | 5.4% | 7.2% |
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 months6.24% absolute | ₹60,000 | ₹63,744 | 6.24% | |
| 1 year2.62% annualised | ₹1,20,000 | ₹1,21,717 | 1.43% | |
| 3 years7.53% annualised | ₹3,60,000 | ₹4,05,021 | 12.51% | |
| 5 years6.40% annualised | ₹6,00,000 | ₹7,08,679 | 18.11% |
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 ₹28.54 as on 25 Sep 2026.
What is the expense ratio of LIC MF Equity Savings Fund?
The expense ratio of LIC MF Equity Savings Fund is 2.90% 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 4.1% over 1 year, 5.7% over 3 years and 7.0% 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 ₹50,329 Cr under management.