LIC MF Large & Mid Cap Fund
Large & MidCapVery HighOPEN-ENDED
- NAV as on 23 Sep 2026
- ₹38.96+0.94%1 day
- Return since launch
- 12.4%
- 52-week range
- ₹33.92 — ₹40.10
- AUM
- ₹3,198 Cr
LIC MF Large & Mid Cap Fund is a Large & MidCap equity fund from LIC Mutual Fund with ₹3,198 Cr under management, launched in 2015. Over three years it has returned 5.8% a year, against 13.7% for its category. The expense ratio is 2.88% 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 +0.8% against -0.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | +1.4 pts | 3.1% | 2.2% |
| 2Y | 2.5% | −2.7 pts | 5.2% | 2.3% |
| 3Y | 5.8% | −7.9 pts | 13.7% | 5.4% |
| 5Y | 10.7% | −1.1 pts | 11.7% | 10.9% |
| 7Y | 13.5% | −2.0 pts | 15.5% | 14.4% |
| 10Y | 13.2% | −0.3 pts | 13.4% | 13.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.8% | −0.2 pts | -1.6% | -1.9% |
| 3M | 0.5% | −0.9 pts | 1.4% | 0.7% |
| 6M | 11.7% | −1.8 pts | 13.5% | 11.6% |
| 1Y | 0.8% | −2.3 pts | 3.1% | -0.5% |
| 2Y | -2.0% | −1.8 pts | -0.3% | -1.8% |
| 3Y | 12.9% | −0.8 pts | 13.7% | 11.9% |
| 5Y | 9.9% | −1.8 pts | 11.7% | 10.7% |
| 7Y | 14.1% | −2.0 pts | 16.1% | 15.3% |
| 10Y | 12.9% | −0.5 pts | 13.4% | 12.7% |
Since launch (2 Feb 2015): 12.4%
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
2.77%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.67%
- Brokerage
- 0.28%
- Transaction charges
- 0.02%
- 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 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 | 2.42 | 7.31 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.04 | 1.05 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.55 | 0.80 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.72 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.68 | 17.61 | 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 31 Aug 2026
Asset allocation
- Equity98.5%
- Other1.5%
Market cap split
- Large36.5%
- Mid45.4%
- Small18.1%
- P/E
- 41.00
- P/B
- 5.92
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| AU Small Finance Bank Ltd. | Financial | 4.12% | ₹132 Cr | +3.52% | — | — |
| Eicher Motors Ltd. | Automobile | 3.93% | ₹126 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 3.89% | ₹125 Cr | +3.35% | — | +0.56% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 3.59% | ₹115 Cr | +2.69% | — | — |
| Interglobe Aviation Ltd. | Services | 3.31% | ₹106 Cr | +2.98% | +0.20% | — |
| Bajaj Finance Ltd. | Financial | 3.22% | ₹103 Cr | +2.97% | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 3.18% | ₹102 Cr | +0.91% | +0.22% | +0.11% |
| CarTrade Tech Ltd. | Services | 3.13% | ₹99.99 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 3.02% | ₹96.68 Cr | +2.40% | +1.18% | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.92% | ₹93.54 Cr | +3.00% | +2.06% | +2.03% |
| Larsen & Toubro Ltd. | Construction | 2.87% | ₹91.78 Cr | +3.10% | +0.58% | +0.50% |
| Divi's Laboratories Ltd. | Healthcare | 2.84% | ₹90.69 Cr | +1.89% | — | — |
| Kei Industries Ltd. | Capital Goods | 2.77% | ₹88.46 Cr | +1.97% | — | — |
| Marico Ltd. | Consumer Staples | 2.71% | ₹86.82 Cr | +2.92% | +1.64% | — |
| Karur Vysya Bank Ltd. | Financial | 2.60% | ₹83.31 Cr | +1.48% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.54% | ₹81.24 Cr | +0.95% | — | — |
| Shriram Finance Ltd | Financial | 2.53% | ₹80.85 Cr | +2.09% | +1.68% | +1.63% |
| Nippon Life India Asset Management Ltd. | Financial | 2.43% | ₹77.66 Cr | +2.44% | — | — |
| JSW Infrastructure Ltd. | Services | 2.41% | ₹77.20 Cr | +2.52% | +1.24% | +1.09% |
| UNO Minda Ltd. | Automobile | 2.39% | ₹76.54 Cr | +2.22% | +1.03% | +1.12% |
| City Union Bank Ltd. | Financial | 2.37% | ₹75.86 Cr | +1.58% | — | — |
| Oberoi Realty Ltd. | Construction | 2.31% | ₹73.79 Cr | +2.26% | — | — |
| Trent Ltd. | Services | 2.28% | ₹72.87 Cr | +2.17% | +1.28% | +1.93% |
| Delhivery Ltd. | Services | 2.25% | ₹71.92 Cr | +2.19% | — | — |
| Navin Fluorine International Ltd. | Chemicals | 2.24% | ₹71.64 Cr | — | — | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 2.23% | ₹71.47 Cr | +3.04% | +1.25% | +1.20% |
| Dixon Technologies (India) Ltd. | Capital Goods | 2.09% | ₹66.83 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.08% | ₹66.44 Cr | +2.02% | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 2.06% | ₹65.77 Cr | +0.98% | — | — |
| company:17104 | Services | 2.03% | ₹64.97 Cr | — | — | — |
| company:1502 | Metals & Mining | 1.95% | ₹62.45 Cr | — | — | — |
| One97 Communications Ltd. | Services | 1.87% | ₹59.69 Cr | +1.30% | +0.58% | — |
| Bharti Airtel Ltd. | Communication | 1.86% | ₹59.52 Cr | +2.89% | — | — |
| Azad Engineering Ltd. | Capital Goods | 1.78% | ₹56.99 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 1.78% | ₹57.01 Cr | +3.39% | +2.09% | +1.02% |
| Zydus Lifesciences Ltd. | Healthcare | 1.58% | ₹50.52 Cr | +1.08% | — | — |
| Bharat Forge Ltd. | Automobile | 1.55% | ₹49.44 Cr | +3.08% | +1.60% | +1.11% |
| company:8781 | Financial | 1.51% | ₹48.18 Cr | — | — | — |
| Others | Others | 1.48% | ₹47.21 Cr | -1.24% | -0.78% | -1.27% |
| Leela Palaces Hotels & Resorts Ltd. | Services | 1.25% | ₹39.93 Cr | +0.97% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.05% | ₹33.66 Cr | +2.07% | +0.88% | +0.88% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Axis Bank Ltd. | 3.06% | 0.00% | -3.06% |
| company:17104 | 0.00% | 2.03% | +2.03% |
| company:1502 | 0.00% | 1.95% | +1.95% |
| Thermax Ltd. | 1.87% | 0.00% | -1.87% |
| Bharat Forge Ltd. | 3.30% | 1.55% | -1.75% |
| Indus Towers Ltd. | 1.63% | 0.00% | -1.63% |
| company:8781 | 0.00% | 1.51% | +1.51% |
| Cholamandalam Investment and Finance Company Ltd. | 1.09% | 2.54% | +1.45% |
| Schaeffler India Ltd. | 3.19% | 1.78% | -1.41% |
| CarTrade Tech Ltd. | 1.94% | 3.13% | +1.19% |
| Bharti Airtel Ltd. | 2.97% | 1.86% | -1.11% |
| Eicher Motors Ltd. | 2.88% | 3.93% | +1.05% |
| Schneider Electric Infrastructure Ltd. | 2.71% | 2.23% | -0.48% |
| One97 Communications Ltd. | 1.49% | 1.87% | +0.38% |
| Divi's Laboratories Ltd. | 2.46% | 2.84% | +0.38% |
| Bajaj Finance Ltd. | 3.55% | 3.22% | -0.33% |
| Shriram Finance Ltd | 2.20% | 2.53% | +0.33% |
| Azad Engineering Ltd. | 1.46% | 1.78% | +0.32% |
| Kei Industries Ltd. | 2.46% | 2.77% | +0.31% |
| Navin Fluorine International Ltd. | 2.00% | 2.24% | +0.24% |
| Marico Ltd. | 2.94% | 2.71% | -0.23% |
| City Union Bank Ltd. | 2.18% | 2.37% | +0.19% |
| Delhivery Ltd. | 2.43% | 2.25% | -0.18% |
| Others | 0.05% | -0.12% | -0.17% |
| Trent Ltd. | 2.43% | 2.28% | -0.15% |
| JSW Infrastructure Ltd. | 2.26% | 2.41% | +0.15% |
| Leela Palaces Hotels & Resorts Ltd. | 1.11% | 1.25% | +0.14% |
| CG Power and Industrial Solutions Ltd. | 3.46% | 3.59% | +0.13% |
| UNO Minda Ltd. | 2.26% | 2.39% | +0.13% |
| Apollo Hospitals Enterprise Ltd. | 3.01% | 2.92% | -0.09% |
| FSN E-Commerce Ventures Ltd. | 3.10% | 3.18% | +0.08% |
| Dixon Technologies (India) Ltd. | 2.02% | 2.09% | +0.07% |
| AU Small Finance Bank Ltd. | 4.06% | 4.12% | +0.06% |
| Persistent Systems Ltd. | 3.94% | 3.89% | -0.05% |
| Sun Pharmaceutical Industries Ltd. | 2.13% | 2.08% | -0.05% |
| Aster DM Quality Care Ltd. | 2.02% | 2.06% | +0.04% |
| Aditya Birla Capital Ltd. | 3.05% | 3.02% | -0.03% |
| Interglobe Aviation Ltd. | 3.34% | 3.31% | -0.03% |
| Nippon Life India Asset Management Ltd. | 2.46% | 2.43% | -0.03% |
| Karur Vysya Bank Ltd. | 2.62% | 2.60% | -0.02% |
| Larsen & Toubro Ltd. | 2.85% | 2.87% | +0.02% |
| Zydus Lifesciences Ltd. | 1.56% | 1.58% | +0.02% |
| Oberoi Realty Ltd. | 2.30% | 2.31% | +0.01% |
| GE Vernova T&D India Ltd | 1.05% | 1.05% | 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 | ₹18,618 Cr | 2.09% | 12.9% | 12.2% | 17.1% |
 ICICI Prudential Large & Mid Cap Fund | ₹33,592 Cr | 2.03% | 2.4% | 7.8% | 13.9% |
 Bandhan Large & Mid Cap Fund | ₹21,020 Cr | 2.29% | 5.9% | 9.3% | 16.0% |
 Motilal Oswal Large and Midcap Fund | ₹20,159 Cr | 1.81% | 20.9% | 15.5% | 20.4% |
 Invesco India Large & Mid Cap Fund | ₹12,387 Cr | 1.87% | 18.6% | 15.5% | 19.2% |
 HSBC Large and Mid Cap Fund | ₹5,931 Cr | 2.47% | 17.0% | 12.7% | 16.1% |
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 months11.66% absolute | ₹60,000 | ₹66,996 | 11.66% | |
| 1 year0.85% annualised | ₹1,20,000 | ₹1,20,554 | 0.46% | |
| 3 years12.88% annualised | ₹3,60,000 | ₹4,41,313 | 22.59% | |
| 5 years9.90% annualised | ₹6,00,000 | ₹7,78,699 | 29.78% |
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 ₹38.96 as on 23 Sep 2026.
What is the expense ratio of LIC MF Large & Mid Cap Fund?
The expense ratio of LIC MF Large & Mid Cap Fund is 2.88% 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 4.5% over 1 year, 5.8% over 3 years and 10.7% 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 ₹50,329 Cr under management.