LIC MF Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹38.16-0.08%1 day
- Return since launch
- 12.1%
- 52-week range
- ₹33.92 — ₹40.10
- AUM
- ₹2,949 Cr
LIC MF Large & Mid Cap Fund is a Large & MidCap equity fund from LIC Mutual Fund with ₹2,949 Cr under management, launched in 2015. Over three years it has returned 3.5% a year, against 13.5% for its category. The expense ratio is 2.67% and the SEBI riskometer reading is Very High.
Performance
LIC MF Large & Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -1.7% against -1.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 0.9% | −1.1 pts | 2.1% | 3.9% |
| 2Y | 1.3% | −4.5 pts | 5.8% | 3.4% |
| 3Y | 3.5% | −10.0 pts | 13.5% | 4.8% |
| 5Y | 9.1% | −1.7 pts | 10.8% | 10.4% |
| 7Y | 12.1% | −2.7 pts | 14.8% | 13.6% |
| 10Y | 12.3% | −1.2 pts | 13.5% | 13.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.8% | −1.3 pts | 4.1% | 5.6% |
| 3M | -4.0% | −2.4 pts | -1.6% | -2.0% |
| 6M | 0.4% | −1.9 pts | 2.3% | 3.2% |
| 1Y | -1.7% | −3.7 pts | 2.1% | -1.6% |
| 2Y | -1.0% | −3.8 pts | 2.7% | 1.8% |
| 3Y | 11.8% | −1.7 pts | 13.5% | 11.9% |
| 5Y | 8.8% | −2.1 pts | 10.8% | 9.8% |
| 7Y | 13.4% | −2.5 pts | 15.9% | 15.1% |
| 10Y | 12.7% | −0.8 pts | 13.5% | 13.0% |
Since launch (2 Feb 2015): 12.1%
Calendar-year returns
Category average14.1%
33.3%
-2.3%
26.7%
27.6%
0.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 0.2% | −5.2 pts | 5.4% |
| 2024 | 27.6% | +2.7 pts | 25.0% |
| 2023 | 26.7% | −4.7 pts | 31.4% |
| 2022 | -2.3% | −5.3 pts | 3.0% |
| 2021 | 33.3% | −5.8 pts | 39.1% |
| 2020 | 14.1% | −3.5 pts | 17.5% |
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
2.63%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.67%
- Brokerage
- 0.24%
- Transaction charges
- 0.01%
- Statutory levies
- 0.71%
- 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 Large Midcap 250 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 | 0.98 | 6.58 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.07 | 1.07 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.34 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.46 | 0.83 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.50 | 18.21 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Large & Mid Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity97.7%
- Other2.3%
Market cap split
- Large37.4%
- Mid43.4%
- Small19.2%
- P/E
- 37.47
- P/B
- 5.53
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| AU Small Finance Bank Ltd. | Financial | 4.16% | ₹123 Cr | +4.07% | — | — |
| Persistent Systems Ltd. | Technology | 3.99% | ₹118 Cr | +2.69% | +0.33% | +0.50% |
| Eicher Motors Ltd. | Automobile | 3.83% | ₹113 Cr | +2.36% | — | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 3.63% | ₹107 Cr | +3.19% | — | — |
| Interglobe Aviation Ltd. | Services | 3.42% | ₹101 Cr | +3.51% | +0.28% | — |
| CarTrade Tech Ltd. | Services | 3.29% | ₹96.93 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 3.17% | ₹93.54 Cr | +3.17% | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 3.16% | ₹93.10 Cr | +1.67% | +0.22% | +0.20% |
| Aditya Birla Capital Ltd. | Financial | 3.05% | ₹89.88 Cr | +2.75% | +1.12% | — |
| Divi's Laboratories Ltd. | Healthcare | 3.02% | ₹89.01 Cr | +2.04% | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.91% | ₹85.83 Cr | +3.07% | +2.20% | +1.95% |
| Larsen & Toubro Ltd. | Construction | 2.89% | ₹85.31 Cr | +3.04% | +0.64% | +0.50% |
| Marico Ltd. | Consumer Staples | 2.82% | ₹83.22 Cr | +2.86% | +1.93% | +0.60% |
| JSW Infrastructure Ltd. | Services | 2.75% | ₹80.97 Cr | +2.60% | +1.42% | +1.15% |
| Karur Vysya Bank Ltd. | Financial | 2.64% | ₹77.85 Cr | +1.96% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 2.56% | ₹75.39 Cr | — | +0.92% | — |
| City Union Bank Ltd. | Financial | 2.54% | ₹74.82 Cr | +1.99% | — | — |
| Shriram Finance Ltd | Financial | 2.43% | ₹71.59 Cr | +2.22% | +1.52% | +1.71% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.40% | ₹70.86 Cr | +1.07% | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 2.40% | ₹70.89 Cr | +2.49% | — | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 2.39% | ₹70.55 Cr | +3.33% | +1.31% | +1.13% |
| UNO Minda Ltd. | Automobile | 2.38% | ₹70.18 Cr | +2.11% | +1.11% | +1.13% |
| Oberoi Realty Ltd. | Construction | 2.37% | ₹69.75 Cr | +2.26% | — | — |
| Others | Others | 2.34% | ₹69.05 Cr | -0.44% | +0.08% | -0.06% |
| Navin Fluorine International Ltd. | Chemicals | 2.31% | ₹68.09 Cr | +2.05% | — | — |
| Trent Ltd. | Services | 2.25% | ₹66.33 Cr | +2.44% | +1.22% | +1.69% |
| Delhivery Ltd. | Services | 2.19% | ₹64.59 Cr | +2.21% | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 2.06% | ₹60.65 Cr | +1.01% | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.06% | ₹60.81 Cr | +2.02% | — | — |
| Motilal Oswal Financial Services Ltd. | Financial | 2.01% | ₹59.17 Cr | — | — | — |
| Azad Engineering Ltd. | Capital Goods | 2.00% | ₹59.01 Cr | — | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.00% | ₹58.95 Cr | +1.50% | — | — |
| One 97 Communications Ltd. | Services | 1.98% | ₹58.33 Cr | +1.28% | +0.77% | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.96% | ₹57.92 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.88% | ₹55.34 Cr | +3.32% | +2.07% | +1.11% |
| PB Fintech Ltd. | Services | 1.86% | ₹54.95 Cr | — | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.83% | ₹53.93 Cr | +1.92% | +0.94% | +0.93% |
| Zydus Lifesciences Ltd. | Healthcare | 1.71% | ₹50.55 Cr | +1.56% | — | — |
| Leela Palaces Hotels & Resorts Ltd. | Services | 1.36% | ₹40.17 Cr | +1.08% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Kei Industries Ltd. | 2.77% | 0.00% | -2.77% |
| Hindustan Aeronautics Ltd. | 0.00% | 2.56% | +2.56% |
| Bharti Airtel Ltd. | 1.86% | 0.00% | -1.86% |
| Bharat Forge Ltd. | 1.55% | 0.00% | -1.55% |
| GE Vernova T&D India Ltd | 1.05% | 1.83% | +0.78% |
| Motilal Oswal Financial Services Ltd. | 1.51% | 2.01% | +0.50% |
| JSW Infrastructure Ltd. | 2.41% | 2.75% | +0.34% |
| Azad Engineering Ltd. | 1.78% | 2.00% | +0.22% |
| Divi's Laboratories Ltd. | 2.84% | 3.02% | +0.18% |
| City Union Bank Ltd. | 2.37% | 2.54% | +0.17% |
| PB Fintech Ltd. | 2.03% | 1.86% | -0.17% |
| CarTrade Tech Ltd. | 3.13% | 3.29% | +0.16% |
| Schneider Electric Infrastructure Ltd. | 2.23% | 2.39% | +0.16% |
| Cholamandalam Investment and Finance Company Ltd. | 2.54% | 2.40% | -0.14% |
| Zydus Lifesciences Ltd. | 1.58% | 1.71% | +0.13% |
| Leela Palaces Hotels & Resorts Ltd. | 1.25% | 1.36% | +0.11% |
| Interglobe Aviation Ltd. | 3.31% | 3.42% | +0.11% |
| Marico Ltd. | 2.71% | 2.82% | +0.11% |
| One 97 Communications Ltd. | 1.87% | 1.98% | +0.11% |
| Eicher Motors Ltd. | 3.93% | 3.83% | -0.10% |
| Persistent Systems Ltd. | 3.89% | 3.99% | +0.10% |
| Schaeffler India Ltd. | 1.78% | 1.88% | +0.10% |
| Shriram Finance Ltd | 2.53% | 2.43% | -0.10% |
| Dixon Technologies (India) Ltd. | 2.09% | 2.00% | -0.09% |
| Navin Fluorine International Ltd. | 2.24% | 2.31% | +0.07% |
| Delhivery Ltd. | 2.25% | 2.19% | -0.06% |
| Oberoi Realty Ltd. | 2.31% | 2.37% | +0.06% |
| Bajaj Finance Ltd. | 3.22% | 3.17% | -0.05% |
| AU Small Finance Bank Ltd. | 4.12% | 4.16% | +0.04% |
| CG Power and Industrial Solutions Ltd. | 3.59% | 3.63% | +0.04% |
| Karur Vysya Bank Ltd. | 2.60% | 2.64% | +0.04% |
| Nippon Life India Asset Management Ltd. | 2.43% | 2.40% | -0.03% |
| Aditya Birla Capital Ltd. | 3.02% | 3.05% | +0.03% |
| Trent Ltd. | 2.28% | 2.25% | -0.03% |
| Others | -0.12% | -0.14% | -0.02% |
| FSN E-Commerce Ventures Ltd. | 3.18% | 3.16% | -0.02% |
| Larsen & Toubro Ltd. | 2.87% | 2.89% | +0.02% |
| Sun Pharmaceutical Industries Ltd. | 2.08% | 2.06% | -0.02% |
| UNO Minda Ltd. | 2.39% | 2.38% | -0.01% |
| Hindalco Industries Ltd. | 1.95% | 1.96% | +0.01% |
| Apollo Hospitals Enterprise Ltd. | 2.92% | 2.91% | -0.01% |
| Aster DM Quality Care Ltd. | 2.06% | 2.06% | 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 | ₹12,985 Cr | 2.05% | 10.9% | 10.4% | 16.0% |
 Bandhan Large & Mid Cap Fund | ₹20,650 Cr | 2.25% | 5.2% | 7.8% | 14.8% |
 Motilal Oswal Large and Midcap Fund | ₹19,832 Cr | 1.79% | 12.9% | 12.1% | 18.3% |
 Invesco India Large & Mid Cap Fund | ₹12,439 Cr | 1.85% | 20.1% | 14.9% | 18.9% |
 UTI Large & Mid Cap Fund | ₹6,220 Cr | 1.96% | 3.6% | 6.5% | 12.9% |
 HSBC Large and Mid Cap Fund | ₹5,784 Cr | 2.40% | 13.0% | 10.8% | 14.9% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.
Fund managers
- 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 months0.38% absolute | ₹60,000 | ₹60,228 | 0.38% | |
| 1 year−1.66% annualised | ₹1,20,000 | ₹1,18,926 | −0.89% | |
| 3 years11.79% annualised | ₹3,60,000 | ₹4,33,604 | 20.45% | |
| 5 years8.78% annualised | ₹6,00,000 | ₹7,55,389 | 25.90% |
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 Large & Mid Cap Fund?
The NAV of LIC MF Large & Mid Cap Fund is ₹38.16 as on 6 Nov 2026.
What is the expense ratio of LIC MF Large & Mid Cap Fund?
The expense ratio of LIC MF Large & Mid Cap Fund is 2.67% per year.
What is the minimum SIP amount for LIC MF Large & Mid Cap Fund?
You can start a SIP in LIC MF Large & Mid Cap Fund with ₹3,000 a month.
What returns has LIC MF Large & Mid Cap Fund given?
LIC MF Large & Mid Cap Fund has returned 0.9% over 1 year, 3.5% over 3 years and 9.1% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Large & Mid 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 Large & Mid Cap Fund?
LIC MF Large & Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large & MidCap category.
Which fund house manages LIC MF Large & Mid Cap Fund?
LIC MF Large & Mid Cap Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,860 Cr under management.