LIC MF Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹35.33-0.84%1 day
- Return since launch
- 14.7%
- 52-week range
- ₹25.84 — ₹36.11
- AUM
- ₹832 Cr
LIC MF Small Cap Fund is a Small Cap equity fund from LIC Mutual Fund with ₹832 Cr under management, launched in 2017. Over three years it has returned 14.0% a year, against 15.6% for its category. The expense ratio is 2.65% and the SEBI riskometer reading is Very High.
Performance
LIC MF Small Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +15.2% against +11.5% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 32.1% | +20.0 pts | 12.0% | 21.6% |
| 2Y | 15.6% | +3.0 pts | 12.6% | 12.3% |
| 3Y | 14.0% | −1.6 pts | 15.6% | 11.5% |
| 5Y | 17.2% | +2.0 pts | 15.2% | 15.5% |
| 7Y | 21.5% | +0.5 pts | 21.1% | 19.7% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.0% | +1.3 pts | -0.3% | -0.8% |
| 3M | 6.0% | +1.0 pts | 5.0% | 4.5% |
| 6M | 30.8% | +5.7 pts | 25.1% | 23.7% |
| 1Y | 15.2% | +3.2 pts | 12.0% | 11.5% |
| 2Y | 2.1% | −0.2 pts | 2.3% | 2.1% |
| 3Y | 17.8% | +2.2 pts | 15.6% | 14.9% |
| 5Y | 16.4% | +1.3 pts | 15.2% | 14.3% |
| 7Y | 21.6% | −1.2 pts | 22.8% | 20.6% |
Since launch (1 Jun 2017): 14.7%
Calendar-year returns
Category average19.0%
64.7%
2.4%
33.4%
39.6%
-13.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -13.4% | −10.1 pts | -3.3% |
| 2024 | 39.6% | +11.4 pts | 28.2% |
| 2023 | 33.4% | −9.4 pts | 42.8% |
| 2022 | 2.4% | −0.3 pts | 2.7% |
| 2021 | 64.7% | −0.3 pts | 65.0% |
| 2020 | 19.0% | −13.1 pts | 32.1% |
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
2.64%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.98%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.53%
- 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 Smallcap 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 | 3.77 | 7.64 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.90 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.61 | 0.82 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.81 | 1.18 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 21.76 | 20.27 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
LIC MF Small Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity94.9%
- Other5.1%
Market cap split
- Large1.6%
- Mid7.6%
- Small90.7%
- P/E
- 24.82
- P/B
- 4.52
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.08% | ₹42.19 Cr | -1.06% | -0.79% | -2.53% |
| Garware Hi-Tech Films Ltd. | Materials | 4.86% | ₹40.44 Cr | +5.15% | +2.22% | — |
| Avalon Technologies Ltd. | Capital Goods | 4.14% | ₹34.44 Cr | +3.67% | +2.47% | +2.04% |
| Manorama Industries Ltd. | Consumer Staples | 3.24% | ₹26.94 Cr | +2.92% | +2.82% | +2.45% |
| Navin Fluorine International Ltd. | Chemicals | 3.06% | ₹25.41 Cr | +3.00% | +2.62% | +1.76% |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 2.52% | ₹20.96 Cr | +2.62% | +2.56% | +2.73% |
| Brigade Enterprises Ltd. | Construction | 2.46% | ₹20.46 Cr | +1.49% | — | — |
| Ather Energy Ltd. | Automobile | 2.37% | ₹19.70 Cr | — | — | — |
| Pricol Ltd. | Automobile | 2.29% | ₹19.05 Cr | +1.92% | +2.02% | — |
| Oracle Financial Services Software Ltd. | Technology | 2.24% | ₹18.62 Cr | — | — | — |
| Kennametal India Ltd. | Capital Goods | 2.19% | ₹18.18 Cr | +1.71% | +1.64% | +0.96% |
| Lumax Auto Technologies Ltd. | Automobile | 2.14% | ₹17.80 Cr | — | — | — |
| Arvind Fashions Ltd. | Textiles | 2.04% | ₹16.96 Cr | +2.40% | +2.02% | +2.23% |
| Neuland Laboratories Ltd. | Healthcare | 2.01% | ₹16.73 Cr | +1.79% | +1.41% | +1.48% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.99% | ₹16.54 Cr | +2.19% | +2.27% | +1.47% |
| Arvind Ltd. | Textiles | 1.91% | ₹15.87 Cr | +1.09% | +0.93% | +0.74% |
| City Union Bank Ltd. | Financial | 1.88% | ₹15.67 Cr | +1.68% | — | — |
| SML Mahindra Ltd. | Automobile | 1.82% | ₹15.17 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.82% | ₹15.14 Cr | +1.41% | +0.85% | — |
| KSH International Ltd. | Capital Goods | 1.80% | ₹14.97 Cr | +2.66% | +1.66% | — |
| DCB Bank Ltd. | Financial | 1.79% | ₹14.91 Cr | +1.22% | +1.16% | — |
| One97 Communications Ltd. | Services | 1.79% | ₹14.93 Cr | +1.40% | — | — |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.75% | ₹14.53 Cr | +2.52% | +2.00% | +0.56% |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 1.68% | ₹13.96 Cr | +1.41% | +1.36% | +1.30% |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 1.65% | ₹13.76 Cr | +1.12% | — | — |
| INDO-MIM Ltd. | Capital Goods | 1.64% | ₹13.65 Cr | — | — | — |
| Aavas Financiers Ltd. | Financial | 1.62% | ₹13.48 Cr | — | — | — |
| BEML Ltd. | Capital Goods | 1.58% | ₹13.14 Cr | +0.96% | +1.08% | +1.23% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.58% | ₹13.16 Cr | +1.65% | +1.56% | +0.95% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.56% | ₹12.97 Cr | +1.89% | +1.82% | +1.59% |
| Piramal Pharma Ltd. | Healthcare | 1.56% | ₹12.98 Cr | +1.51% | +1.56% | +1.84% |
| company:19686 | Healthcare | 1.54% | ₹12.83 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.52% | ₹12.60 Cr | +1.18% | — | — |
| Carraro India Ltd. | Capital Goods | 1.50% | ₹12.44 Cr | +1.74% | +1.38% | — |
| Gillette India Ltd. | Consumer Staples | 1.45% | ₹12.02 Cr | +1.89% | +0.96% | — |
| Vidya Wires Ltd. | Capital Goods | 1.43% | ₹11.92 Cr | +1.71% | +1.00% | — |
| Transport Corporation Of India Ltd. | Services | 1.42% | ₹11.80 Cr | +1.80% | +1.40% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.40% | ₹11.66 Cr | +1.79% | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.33% | ₹11.05 Cr | +1.53% | +1.46% | — |
| SKF India (Industrial) Ltd. | Capital Goods | 1.32% | ₹11.00 Cr | +1.15% | +1.11% | — |
| Bikaji Foods International Ltd. | Consumer Staples | 1.26% | ₹10.45 Cr | +1.09% | +1.23% | +0.97% |
| Affle 3I Ltd. | Technology | 1.18% | ₹9.85 Cr | +0.98% | +1.05% | +0.49% |
| Elecon Engineering Company Ltd. | Capital Goods | 1.18% | ₹9.78 Cr | +1.28% | — | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.18% | ₹9.79 Cr | +1.69% | +1.43% | +1.04% |
| S.P. Apparels Ltd. | Textiles | 1.18% | ₹9.82 Cr | +1.05% | +0.78% | +0.54% |
| Vinati Organics Ltd. | Chemicals | 1.18% | ₹9.81 Cr | +1.38% | +1.30% | +1.33% |
| Pfizer Ltd. | Healthcare | 1.11% | ₹9.24 Cr | +1.30% | +0.92% | — |
| company:1151 | Chemicals | 1.09% | ₹9.04 Cr | — | +0.37% | +0.42% |
| Shakti Pumps (India) Ltd. | Capital Goods | 1.04% | ₹8.69 Cr | +1.35% | +1.23% | +1.09% |
| company:17603 | Services | 1.04% | ₹8.67 Cr | — | — | — |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 1.03% | ₹8.56 Cr | +1.35% | +1.47% | — |
| company:19867 | Services | 1.03% | ₹8.56 Cr | — | — | — |
| Campus Activewear Ltd. | Consumer Discretionary | 0.97% | ₹8.11 Cr | +1.31% | +1.35% | — |
| company:16966 | Services | 0.88% | ₹7.28 Cr | — | — | — |
| Bharat Bijlee Ltd. | Capital Goods | 0.86% | ₹7.15 Cr | +1.83% | +1.64% | +1.74% |
| Gujarat Energy Ltd. | Energy | 0.69% | ₹5.73 Cr | +1.24% | — | — |
| GSPL Transmission Ltd. | Energy | 0.13% | ₹1.04 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Motherson Sumi Wiring India Ltd. | 1.80% | 0.00% | -1.80% |
| International Gemological Institute Ltd. | 1.58% | 0.00% | -1.58% |
| company:19686 | 0.00% | 1.54% | +1.54% |
| Aeroflex Industries Ltd. | 1.21% | 0.00% | -1.21% |
| company:1151 | 0.00% | 1.09% | +1.09% |
| Galaxy Surfactants Ltd. | 1.04% | 0.00% | -1.04% |
| company:17603 | 0.00% | 1.04% | +1.04% |
| company:19867 | 0.00% | 1.03% | +1.03% |
| Orkla India Ltd. | 1.01% | 0.00% | -1.01% |
| company:16966 | 0.00% | 0.88% | +0.88% |
| Bharat Bijlee Ltd. | 1.52% | 0.86% | -0.66% |
| Kennametal India Ltd. | 1.54% | 2.19% | +0.65% |
| Others | 0.37% | -0.23% | -0.60% |
| INDO-MIM Ltd. | 1.08% | 1.64% | +0.56% |
| Garware Hi-Tech Films Ltd. | 5.35% | 4.86% | -0.49% |
| Ather Energy Ltd. | 1.91% | 2.37% | +0.46% |
| Brigade Enterprises Ltd. | 2.01% | 2.46% | +0.45% |
| MAS Financial Services Ltd. | 0.42% | 0.00% | -0.42% |
| KSH International Ltd. | 2.19% | 1.80% | -0.39% |
| Schneider Electric Infrastructure Ltd. | 2.13% | 1.75% | -0.38% |
| Lumax Auto Technologies Ltd. | 1.77% | 2.14% | +0.37% |
| Avalon Technologies Ltd. | 3.82% | 4.14% | +0.32% |
| Tata Motors Passenger Vehicles Ltd. | 1.83% | 1.52% | -0.31% |
| Ratnamani Metals & Tubes Ltd. | 1.34% | 1.65% | +0.31% |
| Kirloskar Oil Engines Ltd. | 2.28% | 1.99% | -0.29% |
| Bikaji Foods International Ltd. | 0.99% | 1.26% | +0.27% |
| Aavas Financiers Ltd. | 1.36% | 1.62% | +0.26% |
| Ujjivan Small Finance Bank Ltd. | 2.07% | 1.82% | -0.25% |
| One97 Communications Ltd. | 1.54% | 1.79% | +0.25% |
| Allied Blenders And Distillers Ltd. | 2.77% | 2.52% | -0.25% |
| Transport Corporation Of India Ltd. | 1.67% | 1.42% | -0.25% |
| Manorama Industries Ltd. | 3.02% | 3.24% | +0.22% |
| Multi Commodity Exchange Of India Ltd. | 1.37% | 1.58% | +0.21% |
| Gillette India Ltd. | 1.65% | 1.45% | -0.20% |
| Onesource Specialty Pharma Ltd. | 1.38% | 1.18% | -0.20% |
| Cholamandalam Financial Holdings Ltd. | 1.59% | 1.40% | -0.19% |
| Shakti Pumps (India) Ltd. | 1.23% | 1.04% | -0.19% |
| Arvind Fashions Ltd. | 2.22% | 2.04% | -0.18% |
| Neuland Laboratories Ltd. | 1.83% | 2.01% | +0.18% |
| Arvind Ltd. | 1.73% | 1.91% | +0.18% |
| Gujarat Energy Ltd. | 0.84% | 0.69% | -0.15% |
| Pfizer Ltd. | 1.25% | 1.11% | -0.14% |
| Navin Fluorine International Ltd. | 2.92% | 3.06% | +0.14% |
| SML Mahindra Ltd. | 1.70% | 1.82% | +0.12% |
| DCB Bank Ltd. | 1.68% | 1.79% | +0.11% |
| Pricol Ltd. | 2.18% | 2.29% | +0.11% |
| Affle 3I Ltd. | 1.29% | 1.18% | -0.11% |
| Techno Electric & Engineering Company Ltd. | 1.13% | 1.03% | -0.10% |
| Vinati Organics Ltd. | 1.27% | 1.18% | -0.09% |
| Aditya Birla Sun Life AMC Ltd. | 1.65% | 1.56% | -0.09% |
| Campus Activewear Ltd. | 1.05% | 0.97% | -0.08% |
| Carraro India Ltd. | 1.57% | 1.50% | -0.07% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.39% | 1.33% | -0.06% |
| Vidya Wires Ltd. | 1.38% | 1.43% | +0.05% |
| Oracle Financial Services Software Ltd. | 2.19% | 2.24% | +0.05% |
| S.P. Apparels Ltd. | 1.22% | 1.18% | -0.04% |
| Ingersoll-Rand (India) Ltd. | 1.65% | 1.68% | +0.03% |
| GSPL Transmission Ltd. | 0.15% | 0.13% | -0.02% |
| Elecon Engineering Company Ltd. | 1.20% | 1.18% | -0.02% |
| City Union Bank Ltd. | 1.86% | 1.88% | +0.02% |
| BEML Ltd. | 1.57% | 1.58% | +0.01% |
| SKF India (Industrial) Ltd. | 1.33% | 1.32% | -0.01% |
| Piramal Pharma Ltd. | 1.56% | 1.56% | 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 | ₹12,460 Cr | 2.03% | 30.3% | 16.8% | 21.5% |
 Bandhan Small Cap Fund | ₹34,176 Cr | 1.72% | 20.0% | 15.6% | 22.0% |
 Invesco India Small Cap Fund | ₹15,744 Cr | 1.83% | 24.4% | 16.2% | 20.6% |
 Mahindra Manulife Small Cap Fund | ₹5,468 Cr | 2.19% | 28.0% | 14.7% | — |
 ITI Small Cap Fund | ₹3,603 Cr | 2.22% | 34.0% | 18.0% | 22.1% |
 Bank of India Small Cap Fund | ₹3,307 Cr | 2.18% | 45.2% | 19.7% | 21.2% |
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 Small-cap Companies.
Fund managers
- Dikshit MittalMr. Mittal is a MBA (Finance) - ICFAI Busines School, Hyderabad. B-Tech (Chemical) - Punjab Technical University.Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with Subhkam Ventures Pvt. Limited. SBI Capital Securities and Alchemy Shares and Stock Brokers.
- 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 months30.81% absolute | ₹60,000 | ₹78,486 | 30.81% | |
| 1 year15.22% annualised | ₹1,20,000 | ₹1,30,368 | 8.64% | |
| 3 years17.81% annualised | ₹3,60,000 | ₹4,78,349 | 32.87% | |
| 5 years16.45% annualised | ₹6,00,000 | ₹9,34,339 | 55.72% |
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 Small Cap Fund?
The NAV of LIC MF Small Cap Fund is ₹35.33 as on 24 Sep 2026.
What is the expense ratio of LIC MF Small Cap Fund?
The expense ratio of LIC MF Small Cap Fund is 2.65% per year.
What is the minimum SIP amount for LIC MF Small Cap Fund?
You can start a SIP in LIC MF Small Cap Fund with ₹3,000 a month.
What returns has LIC MF Small Cap Fund given?
LIC MF Small Cap Fund has returned 32.1% over 1 year, 14.0% over 3 years and 17.2% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Small 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 12 months..
How risky is LIC MF Small Cap Fund?
LIC MF Small Cap Fund is rated Very High on the SEBI riskometer and belongs to the Small Cap category.
Which fund house manages LIC MF Small Cap Fund?
LIC MF Small Cap Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.