LIC MF Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹103.81+0.28%1 day
- Return since launch
- 7.2%
- 52-week range
- ₹86.80 — ₹109.69
- AUM
- ₹1,038 Cr
LIC MF Flexi Cap Fund is a Flexi Cap equity fund from LIC Mutual Fund with ₹1,038 Cr under management, launched in 1993. Over three years it has returned 6.0% a year, against 12.4% for its category. The expense ratio is 2.90% and the SEBI riskometer reading is Very High.
Performance
LIC MF Flexi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.3% against -0.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.4% | +5.0 pts | 2.4% | 5.7% |
| 2Y | 6.5% | +0.3 pts | 6.2% | 3.8% |
| 3Y | 6.0% | −6.4 pts | 12.4% | 4.6% |
| 5Y | 9.7% | −0.1 pts | 9.8% | 9.3% |
| 7Y | 11.0% | −2.3 pts | 13.3% | 11.8% |
| 10Y | 10.7% | −2.6 pts | 13.3% | 11.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 3.1% | −0.9 pts | 4.1% | 5.3% |
| 3M | -4.1% | −3.2 pts | -0.9% | -1.2% |
| 6M | 5.7% | +1.9 pts | 3.8% | 4.8% |
| 1Y | 1.3% | −1.1 pts | 2.4% | -0.9% |
| 2Y | 1.1% | −1.5 pts | 2.5% | 1.3% |
| 3Y | 10.5% | −1.9 pts | 12.4% | 10.8% |
| 5Y | 8.3% | −1.5 pts | 9.8% | 8.6% |
| 7Y | 11.1% | −3.4 pts | 14.5% | 12.5% |
| 10Y | 10.2% | −3.2 pts | 13.3% | 11.5% |
Since launch (11 Jan 1993): 7.2%
Calendar-year returns
Category average13.4%
28.0%
-1.8%
25.9%
18.6%
2.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.0% | −2.2 pts | 4.2% |
| 2024 | 18.6% | −3.2 pts | 21.8% |
| 2023 | 25.9% | −3.8 pts | 29.7% |
| 2022 | -1.8% | −3.4 pts | 1.7% |
| 2021 | 28.0% | −6.4 pts | 34.4% |
| 2020 | 13.4% | −5.6 pts | 19.0% |
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
2.88%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.90%
- Brokerage
- 0.21%
- Transaction charges
- 0.01%
- Statutory levies
- 0.76%
- 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 500 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.
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 | -0.61 | 5.44 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.01 | 1.01 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.27 | 0.62 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.33 | 0.84 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.05 | 17.12 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Flexi Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity95.7%
- Other4.3%
Market cap split
- Large42.0%
- Mid34.5%
- Small23.5%
- P/E
- 38.88
- P/B
- 4.78
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.64% | ₹48.15 Cr | +4.76% | — | — |
| Solar Industries India Ltd. | Chemicals | 4.27% | ₹44.33 Cr | +3.73% | — | — |
| Others | Others | 4.26% | ₹44.23 Cr | -3.56% | +5.91% | -0.98% |
| Samvardhana Motherson International Ltd. | Automobile | 3.52% | ₹36.53 Cr | +2.88% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 3.50% | ₹36.27 Cr | +3.21% | +2.13% | +1.61% |
| Eternal Ltd. | Services | 3.36% | ₹34.88 Cr | +2.04% | — | — |
| Interglobe Aviation Ltd. | Services | 3.13% | ₹32.43 Cr | +3.32% | +2.15% | +2.26% |
| Neuland Laboratories Ltd. | Healthcare | 3.11% | ₹32.24 Cr | +2.04% | — | — |
| Larsen & Toubro Ltd. | Construction | 3.04% | ₹31.55 Cr | +3.30% | +1.81% | +2.05% |
| 360 One Wam Ltd. | Financial | 3.01% | ₹31.22 Cr | — | +0.50% | — |
| Indusind Bank Ltd. | Financial | 2.98% | ₹30.96 Cr | +3.02% | — | — |
| Shriram Finance Ltd | Financial | 2.96% | ₹30.76 Cr | +2.11% | +1.40% | +2.64% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.88% | ₹29.86 Cr | +3.26% | +2.77% | +2.20% |
| Pidilite Industries Ltd. | Chemicals | 2.80% | ₹29.05 Cr | +1.50% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.77% | ₹28.79 Cr | +2.80% | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 2.70% | ₹28.04 Cr | +2.49% | — | — |
| Coforge Ltd. | Technology | 2.64% | ₹27.37 Cr | +2.18% | — | — |
| The Phoenix Mills Ltd. | Construction | 2.43% | ₹25.20 Cr | +2.41% | — | — |
| Aditya Birla Capital Ltd. | Financial | 2.40% | ₹24.89 Cr | +2.19% | +0.52% | — |
| AU Small Finance Bank Ltd. | Financial | 2.39% | ₹24.75 Cr | +1.92% | — | — |
| One 97 Communications Ltd. | Services | 2.27% | ₹23.59 Cr | +1.94% | +1.70% | +1.63% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 2.14% | ₹22.19 Cr | +2.95% | +3.17% | +2.17% |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.13% | ₹22.06 Cr | +2.10% | +2.30% | +1.83% |
| Apar Industries Ltd. | Consumer Staples | 2.10% | ₹21.75 Cr | +1.87% | +0.61% | — |
| Cohance Lifesciences Ltd. | Healthcare | 2.06% | ₹21.35 Cr | — | — | — |
| Jindal Stainless Ltd. | Metals & Mining | 2.06% | ₹21.39 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | 2.04% | ₹21.14 Cr | +1.87% | — | — |
| VA Tech Wabag Ltd. | Capital Goods | 2.03% | ₹21.03 Cr | +1.95% | +2.19% | +2.60% |
| Endurance Technologies Ltd. | Automobile | 2.02% | ₹20.95 Cr | +1.26% | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 2.02% | ₹20.96 Cr | +2.17% | — | — |
| Eicher Motors Ltd. | Automobile | 2.01% | ₹20.83 Cr | +1.96% | — | — |
| Oracle Financial Services Software Ltd. | Technology | 1.95% | ₹20.27 Cr | +1.95% | +0.93% | — |
| Mrs. Bectors Food Specialities Ltd. | Consumer Staples | 1.89% | ₹19.66 Cr | — | +0.85% | — |
| CreditAccess Grameen Ltd. | Financial | 1.86% | ₹19.33 Cr | +2.15% | +2.58% | +2.71% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.73% | ₹17.93 Cr | +1.93% | — | — |
| Lumax Auto Technologies Ltd. | Automobile | 1.69% | ₹17.50 Cr | +0.94% | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 1.41% | ₹14.68 Cr | — | — | — |
| Marico Ltd. | Consumer Staples | 1.41% | ₹14.66 Cr | +1.48% | — | — |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.30% | ₹13.49 Cr | — | — | — |
| Ather Energy Ltd. | Automobile | 1.09% | ₹11.33 Cr | +2.01% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Asset Management Company Ltd. | 2.33% | 0.00% | -2.33% |
| ITC Hotels Ltd. | 1.90% | 0.00% | -1.90% |
| Bharti Airtel Ltd. | 1.86% | 0.00% | -1.86% |
| Others | -0.23% | 1.55% | +1.78% |
| Kei Industries Ltd. | 1.45% | 0.00% | -1.45% |
| 360 One Wam Ltd. | 1.70% | 3.01% | +1.31% |
| Sona BLW Precision Forgings Ltd. | 0.00% | 1.30% | +1.30% |
| Ather Energy Ltd. | 2.24% | 1.09% | -1.15% |
| Neuland Laboratories Ltd. | 2.11% | 3.11% | +1.00% |
| Jindal Stainless Ltd. | 1.13% | 2.06% | +0.93% |
| Torrent Pharmaceuticals Ltd. | 3.03% | 2.14% | -0.89% |
| Endurance Technologies Ltd. | 1.27% | 2.02% | +0.75% |
| Mrs. Bectors Food Specialities Ltd. | 1.51% | 1.89% | +0.38% |
| Solar Industries India Ltd. | 4.02% | 4.27% | +0.25% |
| VA Tech Wabag Ltd. | 1.79% | 2.03% | +0.24% |
| The Phoenix Mills Ltd. | 2.20% | 2.43% | +0.23% |
| Eternal Ltd. | 3.18% | 3.36% | +0.18% |
| Oracle Financial Services Software Ltd. | 2.12% | 1.95% | -0.17% |
| Pidilite Industries Ltd. | 2.97% | 2.80% | -0.17% |
| Lumax Auto Technologies Ltd. | 1.56% | 1.69% | +0.13% |
| Apar Industries Ltd. | 1.97% | 2.10% | +0.13% |
| Shriram Finance Ltd | 3.09% | 2.96% | -0.13% |
| Samvardhana Motherson International Ltd. | 3.39% | 3.52% | +0.13% |
| One 97 Communications Ltd. | 2.14% | 2.27% | +0.13% |
| Indusind Bank Ltd. | 3.10% | 2.98% | -0.12% |
| Ujjivan Small Finance Bank Ltd. | 2.01% | 2.13% | +0.12% |
| Coforge Ltd. | 2.76% | 2.64% | -0.12% |
| Schneider Electric Infrastructure Ltd. | 1.61% | 1.73% | +0.12% |
| Cohance Lifesciences Ltd. | 1.95% | 2.06% | +0.11% |
| Navin Fluorine International Ltd. | 3.39% | 3.50% | +0.11% |
| Radico Khaitan Ltd. | 1.91% | 2.02% | +0.11% |
| Interglobe Aviation Ltd. | 3.03% | 3.13% | +0.10% |
| Amber Enterprises India Ltd. | 1.49% | 1.41% | -0.08% |
| ICICI Bank Ltd. | 4.71% | 4.64% | -0.07% |
| Marico Ltd. | 1.36% | 1.41% | +0.05% |
| Eicher Motors Ltd. | 2.06% | 2.01% | -0.05% |
| Hitachi Energy India Ltd. | 2.75% | 2.70% | -0.05% |
| Sun Pharmaceutical Industries Ltd. | 2.80% | 2.77% | -0.03% |
| AU Small Finance Bank Ltd. | 2.36% | 2.39% | +0.03% |
| Larsen & Toubro Ltd. | 3.02% | 3.04% | +0.02% |
| Aditya Birla Capital Ltd. | 2.38% | 2.40% | +0.02% |
| CreditAccess Grameen Ltd. | 1.84% | 1.86% | +0.02% |
| Apollo Hospitals Enterprise Ltd. | 2.89% | 2.88% | -0.01% |
| UNO Minda Ltd. | 2.05% | 2.04% | -0.01% |
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 | ₹26,433 Cr | 2.01% | 14.5% | 9.9% | 14.9% |
 HDFC Flexi Cap Fund | ₹1,08,547 Cr | 1.36% | 10.5% | 9.5% | 15.1% |
 Motilal Oswal Flexi Cap Fund | ₹13,446 Cr | 1.97% | 14.7% | 9.0% | 14.6% |
 Invesco India Flexi Cap Fund | ₹5,488 Cr | 2.08% | 15.4% | 9.7% | — |
 Bank of India Flexi Cap Fund | ₹3,098 Cr | 2.29% | 11.9% | 9.1% | 15.0% |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.33% | 20.0% | 12.2% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks maximum possible capital growth consistent with reasonable levels of safety with predominant investment in equity, it may also take exposure in debt market securities. It was made in to an open-ended scheme from April 1998.
Fund managers
- Nikhil KapoorExecutive MBA IIM Indore, Post Graduate Diploma in Business Management - NMIMS, Bachelor of Management Studies.Prior to joining the LIC MF, he was associated with JM Financial Servies Ltd.
- Sudhanshu AsthanaMr. Asthana is a M.A (Economics) from Mumbai University and PGDM (Investment Management) from NMIMS.Prior to joining LIC MF, he has worked with UTI Mutual Fund, Tamohara Investment Managers, Axis Mutual Fund, Barclays Wealth Management, SBI Mutaul Fund, Quantum Mutual Fund and BRICS Securities Ltd.
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 months5.72% absolute | ₹60,000 | ₹63,432 | 5.72% | |
| 1 year1.30% annualised | ₹1,20,000 | ₹1,20,848 | 0.71% | |
| 3 years10.51% annualised | ₹3,60,000 | ₹4,24,761 | 17.99% | |
| 5 years8.29% annualised | ₹6,00,000 | ₹7,45,464 | 24.24% |
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 Flexi Cap Fund?
The NAV of LIC MF Flexi Cap Fund is ₹103.81 as on 6 Nov 2026.
What is the expense ratio of LIC MF Flexi Cap Fund?
The expense ratio of LIC MF Flexi Cap Fund is 2.90% per year.
What is the minimum SIP amount for LIC MF Flexi Cap Fund?
You can start a SIP in LIC MF Flexi Cap Fund with ₹3,000 a month.
What returns has LIC MF Flexi Cap Fund given?
LIC MF Flexi Cap Fund has returned 7.4% over 1 year, 6.0% over 3 years and 9.7% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Flexi Cap 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 Flexi Cap Fund?
LIC MF Flexi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Flexi Cap category.
Which fund house manages LIC MF Flexi Cap Fund?
LIC MF Flexi Cap Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,860 Cr under management.