LIC MF Large Cap Fund
Large CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹52.35-1.31%1 day
- Return since launch
- 5.9%
- 52-week range
- ₹48.34 — ₹57.86
- AUM
- ₹1,385 Cr
LIC MF Large Cap Fund is a Large Cap equity fund from LIC Mutual Fund with ₹1,385 Cr under management, launched in 1994. Over three years it has returned 0.1% a year, against 8.7% for its category. The expense ratio is 2.54% and the SEBI riskometer reading is Very High.
Performance
LIC MF Large Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -5.7% against -4.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -7.1% | −3.7 pts | -3.4% | -7.0% |
| 2Y | -3.6% | −2.1 pts | -1.5% | -2.3% |
| 3Y | 0.1% | −8.5 pts | 8.7% | 1.6% |
| 5Y | 4.7% | −2.5 pts | 7.3% | 7.1% |
| 7Y | 7.7% | −2.6 pts | 10.3% | 10.0% |
| 10Y | 8.8% | −2.0 pts | 10.8% | 10.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.2% | +0.4 pts | -4.6% | -5.0% |
| 3M | -1.7% | +0.5 pts | -2.2% | -2.6% |
| 6M | 3.3% | −0.1 pts | 3.5% | 2.6% |
| 1Y | -5.7% | −2.2 pts | -3.4% | -4.0% |
| 2Y | -5.7% | −1.9 pts | -3.8% | -4.0% |
| 3Y | 6.7% | −1.9 pts | 8.7% | 8.5% |
| 5Y | 4.5% | −2.7 pts | 7.3% | 7.1% |
| 7Y | 9.6% | −2.4 pts | 12.0% | 11.0% |
| 10Y | 9.2% | −1.6 pts | 10.8% | 9.9% |
Since launch (21 Jul 1994): 5.9%
Calendar-year returns
Category average15.4%
27.5%
0.7%
18.2%
14.1%
6.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.0% | −2.5 pts | 8.5% |
| 2024 | 14.1% | −2.2 pts | 16.3% |
| 2023 | 18.2% | −7.1 pts | 25.3% |
| 2022 | 0.7% | −2.4 pts | 3.2% |
| 2021 | 27.5% | +0.3 pts | 27.2% |
| 2020 | 15.4% | +0.4 pts | 15.0% |
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
2.49%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.52%
- 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 100 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 | -1.94 | 2.62 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 1.04 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.24 | 0.53 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.30 | 0.70 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.86 | 15.51 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Large Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity98.5%
- Other1.5%
Market cap split
- Large82.4%
- Mid15.0%
- Small2.6%
- P/E
- 26.16
- P/B
- 4.09
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 9.72% | ₹135 Cr | +8.74% | +8.03% | +6.75% |
| HDFC Bank Ltd. | Financial | 5.85% | ₹81.02 Cr | +7.78% | +9.31% | +9.30% |
| Larsen & Toubro Ltd. | Construction | 5.47% | ₹75.79 Cr | +5.74% | +5.64% | +4.67% |
| Bharti Airtel Ltd. | Communication | 4.30% | ₹59.57 Cr | +4.52% | +4.06% | +4.02% |
| Axis Bank Ltd. | Financial | 4.08% | ₹56.54 Cr | +3.61% | +2.79% | +2.07% |
| State Bank of India | Financial | 4.03% | ₹55.79 Cr | +3.58% | +3.32% | +2.62% |
| Eternal Ltd. | Services | 3.18% | ₹44.00 Cr | +1.98% | +1.34% | — |
| Interglobe Aviation Ltd. | Services | 2.88% | ₹39.94 Cr | +2.95% | +1.50% | — |
| The Indian Hotels Company Ltd. | Services | 2.78% | ₹38.46 Cr | +1.19% | +0.78% | +0.32% |
| Bajaj Finance Ltd. | Financial | 2.64% | ₹36.55 Cr | +1.74% | — | — |
| SBI Life Insurance Company Ltd. | Insurance | 2.52% | ₹34.89 Cr | +2.76% | +1.92% | +1.67% |
| Divi's Laboratories Ltd. | Healthcare | 2.44% | ₹33.74 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 2.44% | ₹33.74 Cr | +2.03% | +2.01% | +1.03% |
| Trent Ltd. | Services | 2.43% | ₹33.68 Cr | +1.54% | +1.33% | +0.50% |
| Eicher Motors Ltd. | Automobile | 2.29% | ₹31.68 Cr | +1.50% | — | — |
| Shriram Finance Ltd | Financial | 2.21% | ₹30.58 Cr | +1.45% | +0.92% | +1.22% |
| Hindustan Unilever Ltd. | Consumer Staples | 2.06% | ₹28.50 Cr | +2.80% | +2.55% | +2.71% |
| Muthoot Finance Ltd. | Financial | 2.02% | ₹28.04 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.91% | ₹26.42 Cr | +2.61% | +2.08% | +1.88% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 1.90% | ₹26.26 Cr | +1.81% | +1.62% | +1.55% |
| Hitachi Energy India Ltd. | Capital Goods | 1.89% | ₹26.13 Cr | +1.36% | — | — |
| Ultratech Cement Ltd. | Materials | 1.85% | ₹25.61 Cr | +1.73% | +1.48% | +1.45% |
| Persistent Systems Ltd. | Technology | 1.75% | ₹24.30 Cr | — | — | — |
| Bharat Dynamics Ltd. | Capital Goods | 1.63% | ₹22.52 Cr | +1.44% | +0.71% | — |
| Bharat Electronics Ltd. | Capital Goods | 1.63% | ₹22.58 Cr | +1.40% | +1.75% | +1.83% |
| Oracle Financial Services Software Ltd. | Technology | 1.63% | ₹22.64 Cr | — | — | — |
| Jindal Stainless Ltd. | Metals & Mining | 1.59% | ₹21.97 Cr | +1.53% | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.54% | ₹21.34 Cr | — | +0.47% | — |
| Others | Others | 1.52% | ₹21.01 Cr | +2.15% | +0.51% | -0.80% |
| TVS Motor Company Ltd. | Automobile | 1.47% | ₹20.41 Cr | — | — | — |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.39% | ₹19.25 Cr | +1.35% | +0.74% | — |
| NTPC Ltd. | Energy | 1.34% | ₹18.51 Cr | — | — | — |
| Coforge Ltd. | Technology | 1.15% | ₹15.89 Cr | — | — | — |
| Bajaj Auto Ltd. | Automobile | 1.13% | ₹15.66 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 1.12% | ₹15.53 Cr | +1.12% | +0.65% | — |
| company:15106 | Healthcare | 1.07% | ₹14.76 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.06% | ₹14.74 Cr | +1.25% | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.05% | ₹14.53 Cr | +2.17% | +2.16% | +1.73% |
| company:20391 | Unclassified | 1.03% | ₹14.25 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 1.02% | ₹14.06 Cr | — | — | — |
| Avenue Supermarts Ltd. | Services | 0.98% | ₹13.54 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | 0.95% | ₹13.17 Cr | +2.52% | +2.57% | +3.02% |
| Pidilite Industries Ltd. | Chemicals | 0.83% | ₹11.54 Cr | +1.44% | +1.53% | +1.54% |
| Nippon Life India Asset Management Ltd. | Financial | 0.76% | ₹10.52 Cr | +1.07% | — | — |
| company:20327 | Automobile | 0.58% | ₹8.02 Cr | — | — | — |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 0.48% | ₹6.59 Cr | +0.85% | +1.02% | +1.07% |
| company:19482 | Automobile | 0.42% | ₹5.87 Cr | — | +0.98% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Tata Motors Passenger Vehicles Ltd. | 2.16% | 0.00% | -2.16% |
| company:15106 | 0.00% | 1.07% | +1.07% |
| company:20391 | 0.00% | 1.03% | +1.03% |
| Others | 0.92% | 0.13% | -0.79% |
| MOIL Ltd. | 0.58% | 0.00% | -0.58% |
| company:20327 | 0.00% | 0.58% | +0.58% |
| company:19482 | 0.00% | 0.42% | +0.42% |
| Bharti Airtel Ltd. | 4.67% | 4.30% | -0.37% |
| Divi's Laboratories Ltd. | 2.07% | 2.44% | +0.37% |
| Bharat Electronics Ltd. | 1.27% | 1.63% | +0.36% |
| Coforge Ltd. | 1.51% | 1.15% | -0.36% |
| HDFC Bank Ltd. | 6.16% | 5.85% | -0.31% |
| Eternal Ltd. | 2.92% | 3.18% | +0.26% |
| Axis Bank Ltd. | 3.85% | 4.08% | +0.23% |
| Nippon Life India Asset Management Ltd. | 0.98% | 0.76% | -0.22% |
| Bajaj Finance Ltd. | 2.84% | 2.64% | -0.20% |
| SBI Life Insurance Company Ltd. | 2.72% | 2.52% | -0.20% |
| Oracle Financial Services Software Ltd. | 1.46% | 1.63% | +0.17% |
| Pidilite Industries Ltd. | 0.99% | 0.83% | -0.16% |
| Larsen & Toubro Ltd. | 5.32% | 5.47% | +0.15% |
| ICICI Bank Ltd. | 9.57% | 9.72% | +0.15% |
| Hindustan Unilever Ltd. | 2.19% | 2.06% | -0.13% |
| State Bank of India | 3.90% | 4.03% | +0.13% |
| Shriram Finance Ltd | 2.08% | 2.21% | +0.13% |
| INDO-MIM Ltd. | 0.90% | 1.02% | +0.12% |
| Titan Company Ltd. | 2.32% | 2.44% | +0.12% |
| Trent Ltd. | 2.53% | 2.43% | -0.10% |
| Muthoot Finance Ltd. | 2.12% | 2.02% | -0.10% |
| Hitachi Energy India Ltd. | 1.79% | 1.89% | +0.10% |
| ITC Ltd. | 1.04% | 0.95% | -0.09% |
| Tata Motors Ltd. | 1.04% | 1.12% | +0.08% |
| NTPC Ltd. | 1.41% | 1.34% | -0.07% |
| Ultratech Cement Ltd. | 1.92% | 1.85% | -0.07% |
| Jindal Stainless Ltd. | 1.66% | 1.59% | -0.07% |
| Bajaj Auto Ltd. | 1.07% | 1.13% | +0.06% |
| Ujjivan Small Finance Bank Ltd. | 1.60% | 1.54% | -0.06% |
| Eicher Motors Ltd. | 2.25% | 2.29% | +0.04% |
| Interglobe Aviation Ltd. | 2.84% | 2.88% | +0.04% |
| Bharat Dynamics Ltd. | 1.59% | 1.63% | +0.04% |
| Mahindra & Mahindra Ltd. | 1.08% | 1.05% | -0.03% |
| Tata Steel Ltd. | 1.09% | 1.06% | -0.03% |
| Godfrey Phillips India Ltd. | 1.41% | 1.39% | -0.02% |
| Persistent Systems Ltd. | 1.74% | 1.75% | +0.01% |
| TVS Motor Company Ltd. | 1.46% | 1.47% | +0.01% |
| The Indian Hotels Company Ltd. | 2.77% | 2.78% | +0.01% |
| Apollo Hospitals Enterprise Ltd. | 1.91% | 1.90% | -0.01% |
| Allied Blenders And Distillers Ltd. | 0.48% | 0.48% | 0.00% |
| Avenue Supermarts Ltd. | 0.98% | 0.98% | 0.00% |
| Sun Pharmaceutical Industries Ltd. | 1.91% | 1.91% | 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 | ₹1,872 Cr | 2.51% | -0.5% | 4.7% | 9.6% |
 Quant Large Cap Fund | ₹3,651 Cr | 2.93% | 4.4% | 5.2% | — |
 Bandhan Large Cap Fund | ₹2,180 Cr | 2.19% | -3.7% | 4.0% | 9.1% |
 Invesco India Large Cap Fund | ₹2,021 Cr | 2.19% | 1.5% | 5.9% | 10.4% |
 WhiteOak Capital Large Cap Fund | ₹1,276 Cr | 2.48% | -5.5% | 3.5% | — |
 Bank of India Large Cap Fund | ₹231 Cr | 2.75% | 0.6% | 4.6% | 9.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives.
Fund managers
- Sumit BhatnagarMr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
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 months3.33% absolute | ₹60,000 | ₹61,998 | 3.33% | |
| 1 year−5.65% annualised | ₹1,20,000 | ₹1,16,390 | −3.01% | |
| 3 years6.73% annualised | ₹3,60,000 | ₹3,99,916 | 11.09% | |
| 5 years4.54% annualised | ₹6,00,000 | ₹6,74,682 | 12.45% |
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 Cap Fund?
The NAV of LIC MF Large Cap Fund is ₹52.35 as on 24 Sep 2026.
What is the expense ratio of LIC MF Large Cap Fund?
The expense ratio of LIC MF Large Cap Fund is 2.54% per year.
What is the minimum SIP amount for LIC MF Large Cap Fund?
You can start a SIP in LIC MF Large Cap Fund with ₹3,000 a month.
What returns has LIC MF Large Cap Fund given?
LIC MF Large Cap Fund has returned -7.1% over 1 year, 0.1% over 3 years and 4.7% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Large 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 Cap Fund?
LIC MF Large Cap Fund is rated Very High on the SEBI riskometer and belongs to the Large Cap category.
Which fund house manages LIC MF Large Cap Fund?
LIC MF Large Cap Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.