LIC MF Midcap Fund
Mid CapVery HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹29.99-0.60%1 day
- Return since launch
- 11.9%
- 52-week range
- ₹25.09 — ₹31.72
- AUM
- ₹369 Cr
LIC MF Midcap Fund is a Mid Cap equity fund from LIC Mutual Fund with ₹369 Cr under management, launched in 2017. Over three years it has returned 5.9% a year, against 15.0% for its category. The expense ratio is 3.08% and the SEBI riskometer reading is Very High.
Performance
LIC MF Midcap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.5% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.2% | +1.9 pts | 3.3% | 2.9% |
| 2Y | 4.7% | −1.4 pts | 6.1% | 5.0% |
| 3Y | 5.9% | −9.1 pts | 15.0% | 6.3% |
| 5Y | 12.1% | −0.6 pts | 12.7% | 12.6% |
| 7Y | 14.8% | −2.4 pts | 17.2% | 16.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | −0.6 pts | 1.1% | 2.2% |
| 3M | -3.2% | +0.4 pts | -3.6% | -4.7% |
| 6M | 0.5% | 0.0 pts | 0.5% | 0.3% |
| 1Y | 2.5% | −0.9 pts | 3.3% | 1.5% |
| 2Y | 0.9% | −1.9 pts | 2.8% | 3.1% |
| 3Y | 13.7% | −1.3 pts | 15.0% | 13.4% |
| 5Y | 10.2% | −2.5 pts | 12.7% | 11.7% |
| 7Y | 16.4% | −2.8 pts | 19.2% | 17.7% |
Since launch (5 Jan 2017): 11.9%
Calendar-year returns
Category average24.3%
36.6%
-4.1%
35.9%
28.8%
-1.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -1.2% | −4.3 pts | 3.1% |
| 2024 | 28.8% | −1.5 pts | 30.3% |
| 2023 | 35.9% | −2.8 pts | 38.7% |
| 2022 | -4.1% | −7.8 pts | 3.8% |
| 2021 | 36.6% | −9.3 pts | 45.8% |
| 2020 | 24.3% | −1.2 pts | 25.5% |
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
3.07%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.21%
- Transaction charges
- 0.01%
- Statutory levies
- 0.75%
- Exit load
- Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Midcap 150 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 | -0.94 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.04 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.42 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.57 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 19.70 | 19.25 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Midcap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity94.4%
- Other5.6%
Market cap split
- Large2.8%
- Mid86.9%
- Small10.3%
- P/E
- 40.24
- P/B
- 4.74
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.56% | ₹20.53 Cr | -0.22% | -0.49% | -0.55% |
| AU Small Finance Bank Ltd. | Financial | 3.98% | ₹14.69 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 3.89% | ₹14.35 Cr | — | — | — |
| Aurobindo Pharma Ltd. | Healthcare | 3.72% | ₹13.73 Cr | +1.91% | +1.95% | +1.46% |
| Neuland Laboratories Ltd. | Healthcare | 2.99% | ₹11.05 Cr | — | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 2.99% | ₹11.02 Cr | — | — | — |
| UNO Minda Ltd. | Automobile | 2.97% | ₹10.95 Cr | +2.47% | +2.87% | +4.10% |
| Motilal Oswal Financial Services Ltd. | Financial | 2.95% | ₹10.88 Cr | +1.41% | +0.96% | +0.01% |
| Info Edge (India) Ltd. | Services | 2.92% | ₹10.79 Cr | — | — | +0.90% |
| One 97 Communications Ltd. | Services | 2.86% | ₹10.57 Cr | +1.67% | +1.72% | +1.81% |
| Aster DM Quality Care Ltd. | Healthcare | 2.84% | ₹10.49 Cr | — | — | — |
| Azad Engineering Ltd. | Capital Goods | 2.81% | ₹10.37 Cr | +0.56% | — | — |
| Coforge Ltd. | Technology | 2.80% | ₹10.32 Cr | +1.79% | — | — |
| Aditya Birla Capital Ltd. | Financial | 2.79% | ₹10.30 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 2.78% | ₹10.28 Cr | +1.37% | +1.89% | +1.68% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.74% | ₹10.13 Cr | +2.02% | +1.51% | +0.97% |
| Solar Industries India Ltd. | Chemicals | 2.67% | ₹9.85 Cr | — | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.57% | ₹9.50 Cr | +1.31% | +1.55% | — |
| JSW Infrastructure Ltd. | Services | 2.53% | ₹9.35 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 2.39% | ₹8.82 Cr | +2.22% | +1.88% | +1.83% |
| Indusind Bank Ltd. | Financial | 2.25% | ₹8.31 Cr | — | — | — |
| Godrej Properties Ltd. | Construction | 2.18% | ₹8.04 Cr | — | — | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 2.18% | ₹8.04 Cr | — | — | — |
| The Federal Bank Ltd. | Financial | 2.12% | ₹7.83 Cr | +3.22% | +3.10% | +1.90% |
| Endurance Technologies Ltd. | Automobile | 2.08% | ₹7.66 Cr | +1.65% | +1.68% | — |
| Jindal Stainless Ltd. | Metals & Mining | 2.04% | ₹7.53 Cr | — | — | — |
| Fortis Healthcare Ltd. | Healthcare | 2.03% | ₹7.49 Cr | +1.57% | +1.60% | +1.75% |
| GE Vernova T&D India Ltd | Capital Goods | 2.03% | ₹7.48 Cr | — | — | — |
| Ashok Leyland Ltd. | Automobile | 1.98% | ₹7.30 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 1.92% | ₹7.10 Cr | +1.57% | +2.09% | +1.63% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.92% | ₹7.08 Cr | +0.89% | +0.89% | +1.19% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.92% | ₹7.08 Cr | +1.48% | +1.65% | +2.20% |
| Gujarat Fluorochemicals Ltd. | Chemicals | 1.91% | ₹7.05 Cr | — | — | — |
| Oracle Financial Services Software Ltd. | Technology | 1.85% | ₹6.82 Cr | — | — | — |
| PB Fintech Ltd. | Services | 1.80% | ₹6.64 Cr | +1.28% | +1.37% | — |
| Anthem Biosciences Ltd. | Healthcare | 1.75% | ₹6.45 Cr | +0.85% | +0.89% | — |
| Schaeffler India Ltd. | Capital Goods | 1.71% | ₹6.30 Cr | +1.84% | +2.07% | +2.03% |
| Jubilant FoodWorks Ltd. | Services | 1.71% | ₹6.30 Cr | +0.88% | +1.12% | +1.17% |
| 360 One Wam Ltd. | Financial | 1.46% | ₹5.41 Cr | — | — | — |
| National Aluminium Company Ltd. | Metals & Mining | 1.44% | ₹5.31 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| AU Small Finance Bank Ltd. | 0.00% | 3.98% | +3.98% |
| Garware Hi-Tech Films Ltd. | 3.10% | 0.00% | -3.10% |
| Neuland Laboratories Ltd. | 0.00% | 2.99% | +2.99% |
| FSN E-Commerce Ventures Ltd. | 0.00% | 2.99% | +2.99% |
| Aditya Birla Capital Ltd. | 0.00% | 2.79% | +2.79% |
| Thermax Ltd. | 2.69% | 0.00% | -2.69% |
| Hitachi Energy India Ltd. | 2.58% | 0.00% | -2.58% |
| JSW Infrastructure Ltd. | 0.00% | 2.53% | +2.53% |
| Kei Industries Ltd. | 2.40% | 0.00% | -2.40% |
| Indusind Bank Ltd. | 0.00% | 2.25% | +2.25% |
| Godrej Properties Ltd. | 0.00% | 2.18% | +2.18% |
| Aster DM Quality Care Ltd. | 0.69% | 2.84% | +2.15% |
| Kirloskar Oil Engines Ltd. | 2.14% | 0.00% | -2.14% |
| CG Power and Industrial Solutions Ltd. | 2.01% | 0.00% | -2.01% |
| Ashok Leyland Ltd. | 0.00% | 1.98% | +1.98% |
| BSE Ltd. | 1.87% | 0.00% | -1.87% |
| Oracle Financial Services Software Ltd. | 0.00% | 1.85% | +1.85% |
| Allied Blenders And Distillers Ltd. | 1.79% | 0.00% | -1.79% |
| Shakti Pumps (India) Ltd. | 1.79% | 0.00% | -1.79% |
| Aurobindo Pharma Ltd. | 1.95% | 3.72% | +1.77% |
| Bharat Forge Ltd. | 1.72% | 0.00% | -1.72% |
| Jubilant FoodWorks Ltd. | 0.00% | 1.71% | +1.71% |
| Shriram Finance Ltd | 1.56% | 0.00% | -1.56% |
| SRF Ltd. | 1.48% | 0.00% | -1.48% |
| 360 One Wam Ltd. | 0.00% | 1.46% | +1.46% |
| Info Edge (India) Ltd. | 4.35% | 2.92% | -1.43% |
| DEE Development Engineers Ltd. | 1.38% | 0.00% | -1.38% |
| INDO-MIM Ltd. | 2.53% | 3.89% | +1.35% |
| Alkem Laboratories Ltd. | 1.35% | 0.00% | -1.35% |
| Coromandel International Ltd. | 1.34% | 0.00% | -1.34% |
| SIRCA Paints India Ltd. | 1.33% | 0.00% | -1.33% |
| Trent Ltd. | 1.32% | 0.00% | -1.32% |
| Manorama Industries Ltd. | 1.24% | 0.00% | -1.24% |
| The Federal Bank Ltd. | 3.27% | 2.12% | -1.15% |
| Honeywell Automation India Ltd. | 1.01% | 0.00% | -1.01% |
| PI Industries Ltd. | 0.96% | 0.00% | -0.96% |
| Bharat Dynamics Ltd. | 0.92% | 0.00% | -0.92% |
| JK Cement Ltd. | 0.82% | 0.00% | -0.82% |
| Anthem Biosciences Ltd. | 0.93% | 1.75% | +0.82% |
| Coforge Ltd. | 3.54% | 2.80% | -0.75% |
| GE Vernova T&D India Ltd | 1.31% | 2.03% | +0.71% |
| Fortis Healthcare Ltd. | 1.40% | 2.03% | +0.63% |
| SML Mahindra Ltd. | 0.60% | 0.00% | -0.60% |
| Jindal Stainless Ltd. | 1.61% | 2.04% | +0.43% |
| PB Fintech Ltd. | 1.38% | 1.80% | +0.42% |
| Endurance Technologies Ltd. | 1.67% | 2.08% | +0.41% |
| Mahindra & Mahindra Financial Services Ltd. | 1.65% | 1.92% | +0.27% |
| Azad Engineering Ltd. | 2.55% | 2.81% | +0.25% |
| UNO Minda Ltd. | 2.72% | 2.97% | +0.25% |
| Lenskart Solutions Ltd. | 2.34% | 2.57% | +0.23% |
| Dixon Technologies (India) Ltd. | 1.73% | 1.92% | +0.19% |
| One 97 Communications Ltd. | 2.76% | 2.86% | +0.10% |
| Solar Industries India Ltd. | 2.56% | 2.67% | +0.10% |
| Schneider Electric Infrastructure Ltd. | 2.08% | 2.18% | +0.10% |
| APL Apollo Tubes Ltd. | 1.84% | 1.92% | +0.08% |
| Multi Commodity Exchange Of India Ltd. | 2.66% | 2.74% | +0.08% |
| National Aluminium Company Ltd. | 1.51% | 1.44% | -0.08% |
| Nippon Life India Asset Management Ltd. | 2.47% | 2.39% | -0.08% |
| Schaeffler India Ltd. | 1.66% | 1.71% | +0.05% |
| Motilal Oswal Financial Services Ltd. | 2.91% | 2.95% | +0.04% |
| Others | -0.19% | -0.17% | +0.02% |
| Persistent Systems Ltd. | 2.78% | 2.78% | +0.01% |
| Gujarat Fluorochemicals Ltd. | 1.92% | 1.91% | -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 | ₹13,644 Cr | 1.99% | 8.3% | 11.8% | 17.4% |
 Edelweiss Mid Cap Fund | ₹19,230 Cr | 1.87% | 2.4% | 8.4% | 15.7% |
 HSBC Midcap Fund | ₹16,800 Cr | 2.15% | 14.2% | 13.8% | 18.8% |
 Invesco India Mid Cap Fund | ₹15,832 Cr | 1.85% | 12.2% | 14.1% | 19.3% |
 WhiteOak Capital Mid Cap Fund | ₹8,400 Cr | 2.25% | 10.1% | 12.3% | — |
 ICICI Prudential Mid Cap Fund | ₹7,961 Cr | 1.83% | 2.8% | 10.2% | 15.8% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of 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 months0.48% absolute | ₹60,000 | ₹60,288 | 0.48% | |
| 1 year2.45% annualised | ₹1,20,000 | ₹1,21,604 | 1.34% | |
| 3 years13.69% annualised | ₹3,60,000 | ₹4,47,151 | 24.21% | |
| 5 years10.24% annualised | ₹6,00,000 | ₹7,85,952 | 30.99% |
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 Midcap Fund?
The NAV of LIC MF Midcap Fund is ₹29.99 as on 6 Nov 2026.
What is the expense ratio of LIC MF Midcap Fund?
The expense ratio of LIC MF Midcap Fund is 3.08% per year.
What is the minimum SIP amount for LIC MF Midcap Fund?
You can start a SIP in LIC MF Midcap Fund with ₹3,000 a month.
What returns has LIC MF Midcap Fund given?
LIC MF Midcap Fund has returned 5.2% over 1 year, 5.9% over 3 years and 12.1% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Midcap Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months..
How risky is LIC MF Midcap Fund?
LIC MF Midcap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages LIC MF Midcap Fund?
LIC MF Midcap Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,860 Cr under management.