LIC MF Flexi Cap Fund
Flexi CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹103.13+0.12%1 day
- Return since launch
- 7.3%
- 52-week range
- ₹86.80 — ₹109.69
- AUM
- ₹1,125 Cr
LIC MF Flexi Cap Fund is a Flexi Cap equity fund from LIC Mutual Fund with ₹1,125 Cr under management, launched in 1993. Over three years it has returned 6.4% a year, against 11.5% for its category. The expense ratio is 3.05% 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 +4.4% against -0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.6% | +3.9 pts | 2.8% | 0.4% |
| 2Y | 5.8% | +2.5 pts | 3.3% | 1.1% |
| 3Y | 6.4% | −5.1 pts | 11.5% | 3.7% |
| 5Y | 10.1% | +0.3 pts | 9.8% | 9.1% |
| 7Y | 11.4% | −1.8 pts | 13.2% | 11.8% |
| 10Y | 10.9% | −1.9 pts | 12.8% | 11.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.4% | −2.1 pts | -3.3% | -3.2% |
| 3M | 0.9% | +0.1 pts | 0.8% | 0.5% |
| 6M | 16.2% | +4.1 pts | 12.0% | 11.1% |
| 1Y | 4.4% | +1.6 pts | 2.8% | -0.2% |
| 2Y | -2.0% | −0.4 pts | -1.6% | -3.2% |
| 3Y | 10.1% | −1.3 pts | 11.5% | 9.9% |
| 5Y | 8.7% | −1.1 pts | 9.8% | 8.7% |
| 7Y | 11.4% | −3.0 pts | 14.4% | 12.4% |
| 10Y | 9.9% | −2.9 pts | 12.8% | 10.9% |
Since launch (11 Jan 1993): 7.3%
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
2.94%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.91%
- Brokerage
- 0.22%
- Transaction charges
- 0.01%
- Statutory levies
- 0.80%
- 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 | 0.85 | 5.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.98 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.47 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.56 | 0.98 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.21 | 17.32 | 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 31 Aug 2026
Asset allocation
- Equity98.4%
- Other1.6%
Market cap split
- Large45.8%
- Mid32.3%
- Small21.8%
- P/E
- 41.76
- P/B
- 5.16
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.71% | ₹52.97 Cr | +6.35% | — | — |
| Solar Industries India Ltd. | Chemicals | 4.02% | ₹45.24 Cr | +3.29% | — | — |
| Samvardhana Motherson International Ltd. | Automobile | 3.39% | ₹38.19 Cr | +2.50% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 3.39% | ₹38.17 Cr | +3.15% | +1.94% | +1.67% |
| Eternal Ltd. | Services | 3.18% | ₹35.76 Cr | — | — | — |
| Indusind Bank Ltd. | Financial | 3.10% | ₹34.92 Cr | +1.49% | — | — |
| Shriram Finance Ltd | Financial | 3.09% | ₹34.74 Cr | +2.02% | +1.55% | +2.54% |
| Interglobe Aviation Ltd. | Services | 3.03% | ₹34.06 Cr | +2.87% | +2.35% | +1.95% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 3.03% | ₹34.06 Cr | +2.97% | +2.91% | +1.99% |
| Larsen & Toubro Ltd. | Construction | 3.02% | ₹33.94 Cr | +3.43% | +1.98% | +2.07% |
| Pidilite Industries Ltd. | Chemicals | 2.97% | ₹33.46 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.89% | ₹32.54 Cr | +3.24% | +2.61% | +2.31% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.80% | ₹31.46 Cr | +2.86% | — | — |
| Coforge Ltd. | Technology | 2.76% | ₹31.07 Cr | +2.23% | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 2.75% | ₹30.91 Cr | +2.89% | — | — |
| Aditya Birla Capital Ltd. | Financial | 2.38% | ₹26.77 Cr | +2.14% | +0.55% | +0.84% |
| AU Small Finance Bank Ltd. | Financial | 2.36% | ₹26.61 Cr | +1.44% | — | — |
| HDFC Asset Management Company Ltd. | Financial | 2.33% | ₹26.22 Cr | +1.90% | — | — |
| Ather Energy Ltd. | Automobile | 2.24% | ₹25.25 Cr | — | — | — |
| The Phoenix Mills Ltd. | Construction | 2.20% | ₹24.75 Cr | +2.31% | — | — |
| One97 Communications Ltd. | Services | 2.14% | ₹24.14 Cr | +2.01% | +1.75% | +1.21% |
| Oracle Financial Services Software Ltd. | Technology | 2.12% | ₹23.91 Cr | +1.91% | +0.85% | — |
| Neuland Laboratories Ltd. | Healthcare | 2.11% | ₹23.70 Cr | +1.03% | — | — |
| Eicher Motors Ltd. | Automobile | 2.06% | ₹23.17 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | 2.05% | ₹23.05 Cr | +2.00% | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 2.01% | ₹22.59 Cr | +2.68% | +2.36% | +0.71% |
| Apar Industries Ltd. | Consumer Staples | 1.97% | ₹22.15 Cr | +1.65% | +0.62% | — |
| Cohance Lifesciences Ltd. | Healthcare | 1.95% | ₹21.92 Cr | — | — | — |
| Radico Khaitan Ltd. | Consumer Staples | 1.91% | ₹21.53 Cr | +2.05% | — | — |
| ITC Hotels Ltd. | Services | 1.90% | ₹21.37 Cr | +2.07% | — | — |
| Bharti Airtel Ltd. | Communication | 1.86% | ₹20.93 Cr | +2.85% | +1.95% | +0.90% |
| CreditAccess Grameen Ltd. | Financial | 1.84% | ₹20.72 Cr | +1.97% | +2.52% | +2.37% |
| VA Tech Wabag Ltd. | Capital Goods | 1.79% | ₹20.19 Cr | +2.03% | +2.14% | +2.70% |
| company:13401 | Financial | 1.70% | ₹19.17 Cr | — | +0.52% | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.61% | ₹18.17 Cr | +1.96% | — | — |
| Others | Others | 1.58% | ₹17.77 Cr | -2.20% | -3.71% | +7.08% |
| Lumax Auto Technologies Ltd. | Automobile | 1.56% | ₹17.51 Cr | +1.11% | — | — |
| company:16362 | Consumer Staples | 1.51% | ₹17.02 Cr | — | +0.89% | — |
| company:15039 | Consumer Discretionary | 1.49% | ₹16.76 Cr | — | — | — |
| Kei Industries Ltd. | Capital Goods | 1.45% | ₹16.29 Cr | +0.92% | — | — |
| Marico Ltd. | Consumer Staples | 1.36% | ₹15.30 Cr | +1.54% | — | — |
| Endurance Technologies Ltd. | Automobile | 1.27% | ₹14.27 Cr | +1.09% | — | — |
| Jindal Stainless Ltd. | Metals & Mining | 1.13% | ₹12.67 Cr | — | +0.62% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Axis Bank Ltd. | 3.57% | 0.00% | -3.57% |
| company:13401 | 0.00% | 1.70% | +1.70% |
| company:16362 | 0.00% | 1.51% | +1.51% |
| company:15039 | 0.00% | 1.49% | +1.49% |
| Shriram Finance Ltd | 2.07% | 3.09% | +1.01% |
| Pidilite Industries Ltd. | 1.98% | 2.97% | +1.00% |
| Bharti Airtel Ltd. | 2.85% | 1.86% | -0.99% |
| Others | 0.39% | -0.23% | -0.63% |
| Syrma SGS Technology Ltd. | 0.59% | 0.00% | -0.59% |
| Avalon Technologies Ltd. | 0.49% | 0.00% | -0.49% |
| AU Small Finance Bank Ltd. | 1.90% | 2.36% | +0.46% |
| Radico Khaitan Ltd. | 2.34% | 1.91% | -0.43% |
| CreditAccess Grameen Ltd. | 2.25% | 1.84% | -0.41% |
| Lumax Auto Technologies Ltd. | 1.23% | 1.56% | +0.33% |
| Apar Industries Ltd. | 1.67% | 1.97% | +0.30% |
| Navin Fluorine International Ltd. | 3.10% | 3.39% | +0.29% |
| Cohance Lifesciences Ltd. | 1.65% | 1.95% | +0.29% |
| Schneider Electric Infrastructure Ltd. | 1.88% | 1.61% | -0.26% |
| Samvardhana Motherson International Ltd. | 3.14% | 3.39% | +0.25% |
| Coforge Ltd. | 2.51% | 2.76% | +0.25% |
| Torrent Pharmaceuticals Ltd. | 3.20% | 3.03% | -0.18% |
| Ujjivan Small Finance Bank Ltd. | 2.18% | 2.01% | -0.17% |
| Solar Industries India Ltd. | 3.85% | 4.02% | +0.17% |
| ICICI Bank Ltd. | 4.87% | 4.71% | -0.16% |
| One97 Communications Ltd. | 1.99% | 2.14% | +0.16% |
| Apollo Hospitals Enterprise Ltd. | 3.05% | 2.89% | -0.16% |
| Marico Ltd. | 1.51% | 1.36% | -0.15% |
| Jindal Stainless Ltd. | 0.98% | 1.13% | +0.15% |
| Sun Pharmaceutical Industries Ltd. | 2.94% | 2.80% | -0.14% |
| Oracle Financial Services Software Ltd. | 1.98% | 2.12% | +0.14% |
| Indusind Bank Ltd. | 3.24% | 3.10% | -0.13% |
| Kei Industries Ltd. | 1.32% | 1.45% | +0.13% |
| ITC Hotels Ltd. | 2.02% | 1.90% | -0.12% |
| Eternal Ltd. | 3.07% | 3.18% | +0.11% |
| Interglobe Aviation Ltd. | 3.13% | 3.03% | -0.10% |
| HDFC Asset Management Company Ltd. | 2.43% | 2.33% | -0.10% |
| The Phoenix Mills Ltd. | 2.29% | 2.20% | -0.10% |
| VA Tech Wabag Ltd. | 1.88% | 1.79% | -0.08% |
| Aditya Birla Capital Ltd. | 2.46% | 2.38% | -0.08% |
| Ather Energy Ltd. | 2.18% | 2.24% | +0.07% |
| Eicher Motors Ltd. | 2.12% | 2.06% | -0.06% |
| UNO Minda Ltd. | 1.98% | 2.05% | +0.06% |
| Neuland Laboratories Ltd. | 2.05% | 2.11% | +0.06% |
| Larsen & Toubro Ltd. | 3.08% | 3.02% | -0.06% |
| Endurance Technologies Ltd. | 1.28% | 1.27% | -0.01% |
| Hitachi Energy India Ltd. | 2.74% | 2.75% | +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 | ₹5,332 Cr | 2.22% | 12.8% | 9.8% | 15.4% |
 Motilal Oswal Flexi Cap Fund | ₹14,160 Cr | 2.05% | 12.8% | 9.3% | 14.8% |
 Invesco India Flexi Cap Fund | ₹5,709 Cr | 2.07% | 5.7% | 7.8% | — |
 Bank of India Flexi Cap Fund | ₹2,953 Cr | 2.25% | 14.0% | 10.6% | 16.0% |
 360 ONE FlexiCap Fund | ₹2,250 Cr | 2.38% | 15.0% | 10.0% | — |
 ITI Flexi Cap Fund | ₹1,588 Cr | 2.34% | 16.8% | 11.6% | — |
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 months16.16% absolute | ₹60,000 | ₹69,696 | 16.16% | |
| 1 year4.39% annualised | ₹1,20,000 | ₹1,22,892 | 2.41% | |
| 3 years10.14% annualised | ₹3,60,000 | ₹4,22,247 | 17.29% | |
| 5 years8.74% annualised | ₹6,00,000 | ₹7,54,572 | 25.76% |
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 ₹103.13 as on 25 Sep 2026.
What is the expense ratio of LIC MF Flexi Cap Fund?
The expense ratio of LIC MF Flexi Cap Fund is 3.05% 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 6.6% over 1 year, 6.4% over 3 years and 10.1% 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 ₹50,329 Cr under management.