LIC MF Small Cap Fund
Small CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹34.33+0.81%1 day
- Return since launch
- 14.0%
- 52-week range
- ₹25.84 — ₹36.11
- AUM
- ₹841 Cr
LIC MF Small Cap Fund is a Small Cap equity fund from LIC Mutual Fund with ₹841 Cr under management, launched in 2017. Over three years it has returned 10.4% a year, against 12.9% for its category. The expense ratio is 2.63% 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 +14.5% against +7.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 20.7% | +12.5 pts | 8.2% | 12.1% |
| 2Y | 11.8% | +2.5 pts | 9.2% | 8.5% |
| 3Y | 10.4% | −2.5 pts | 12.9% | 8.0% |
| 5Y | 14.8% | +1.6 pts | 13.2% | 13.2% |
| 7Y | 19.6% | +0.7 pts | 19.0% | 17.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -0.5% | +0.3 pts | -0.8% | -1.0% |
| 3M | -0.3% | +2.2 pts | -2.5% | -3.0% |
| 6M | 7.1% | +1.2 pts | 5.9% | 5.0% |
| 1Y | 14.4% | +6.3 pts | 8.2% | 7.6% |
| 2Y | 2.5% | −1.1 pts | 3.6% | 2.9% |
| 3Y | 15.7% | +2.8 pts | 12.9% | 12.5% |
| 5Y | 14.4% | +1.3 pts | 13.2% | 12.4% |
| 7Y | 21.0% | −1.0 pts | 22.1% | 19.8% |
Since launch (1 Jun 2017): 14.0%
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
2.63%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.98%
- 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 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 | 3.63 | 6.95 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.96 | 0.91 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.48 | 0.65 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.66 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 22.30 | 20.78 | 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 30 Sep 2026
Asset allocation
- Equity94.2%
- Other5.8%
Market cap split
- Large1.5%
- Mid9.1%
- Small89.4%
- P/E
- 24.21
- P/B
- 4.34
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.85% | ₹49.19 Cr | -0.58% | -0.49% | -0.94% |
| Garware Hi-Tech Films Ltd. | Materials | 4.72% | ₹39.75 Cr | +4.91% | +1.96% | +0.80% |
| Manorama Industries Ltd. | Consumer Staples | 3.14% | ₹26.40 Cr | +3.17% | +2.45% | +2.41% |
| Avalon Technologies Ltd. | Capital Goods | 3.06% | ₹25.74 Cr | +3.95% | +2.47% | +2.36% |
| INDO-MIM Ltd. | Capital Goods | 3.04% | ₹25.59 Cr | — | — | — |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 2.90% | ₹24.36 Cr | +2.93% | +2.39% | +2.62% |
| Navin Fluorine International Ltd. | Chemicals | 2.87% | ₹24.15 Cr | +3.03% | +2.83% | +1.66% |
| Neuland Laboratories Ltd. | Healthcare | 2.35% | ₹19.79 Cr | +1.82% | +1.45% | +1.54% |
| SML Mahindra Ltd. | Automobile | 2.32% | ₹19.54 Cr | +1.04% | — | — |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.16% | ₹18.16 Cr | +2.51% | +2.37% | +1.43% |
| Brigade Enterprises Ltd. | Construction | 2.13% | ₹17.95 Cr | +1.43% | — | — |
| Lumax Auto Technologies Ltd. | Automobile | 2.11% | ₹17.78 Cr | +1.27% | — | — |
| Pricol Ltd. | Automobile | 2.11% | ₹17.73 Cr | +1.92% | +1.89% | +1.25% |
| Leela Palaces Hotels & Resorts Ltd. | Services | 2.05% | ₹17.21 Cr | — | — | — |
| Kennametal India Ltd. | Capital Goods | 2.03% | ₹17.09 Cr | +1.70% | +1.57% | +1.32% |
| Arvind Ltd. | Textiles | 2.03% | ₹17.04 Cr | +1.57% | +0.98% | +0.77% |
| Ather Energy Ltd. | Automobile | 1.94% | ₹16.34 Cr | +1.12% | — | — |
| CarTrade Tech Ltd. | Services | 1.93% | ₹16.27 Cr | — | — | — |
| Multi Commodity Exchange Of India Ltd. | Services | 1.91% | ₹16.08 Cr | +1.48% | +1.68% | +0.95% |
| KSH International Ltd. | Capital Goods | 1.88% | ₹15.82 Cr | +2.34% | +2.14% | — |
| Oracle Financial Services Software Ltd. | Technology | 1.88% | ₹15.78 Cr | +1.38% | — | — |
| City Union Bank Ltd. | Financial | 1.84% | ₹15.46 Cr | +1.92% | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 1.76% | ₹14.78 Cr | +1.59% | +0.91% | — |
| One 97 Communications Ltd. | Services | 1.73% | ₹14.59 Cr | +1.33% | — | — |
| Arvind Fashions Ltd. | Textiles | 1.73% | ₹14.52 Cr | +2.37% | +2.03% | +2.17% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.70% | ₹14.34 Cr | +2.44% | +2.05% | +1.05% |
| Ratnamani Metals & Tubes Ltd. | Metals & Mining | 1.68% | ₹14.15 Cr | +1.36% | — | — |
| DCB Bank Ltd. | Financial | 1.65% | ₹13.90 Cr | +1.20% | +1.08% | — |
| Vidya Wires Ltd. | Capital Goods | 1.65% | ₹13.89 Cr | +1.37% | +1.03% | — |
| BEML Ltd. | Capital Goods | 1.61% | ₹13.52 Cr | +1.47% | +0.96% | +1.28% |
| Elecon Engineering Company Ltd. | Capital Goods | 1.58% | ₹13.28 Cr | +1.35% | — | — |
| Aavas Financiers Ltd. | Financial | 1.54% | ₹12.95 Cr | +1.01% | — | — |
| Piramal Pharma Ltd. | Healthcare | 1.49% | ₹12.50 Cr | +1.37% | +1.50% | +1.83% |
| Aditya Birla Sun Life AMC Ltd. | Financial | 1.46% | ₹12.27 Cr | +1.92% | +1.96% | +1.44% |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 1.42% | ₹11.98 Cr | — | — | — |
| Ingersoll-Rand (India) Ltd. | Capital Goods | 1.42% | ₹11.94 Cr | +1.74% | +1.30% | +1.28% |
| Transport Corporation Of India Ltd. | Services | 1.41% | ₹11.86 Cr | +1.69% | +1.41% | +0.23% |
| Carraro India Ltd. | Capital Goods | 1.39% | ₹11.73 Cr | +1.60% | +1.67% | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.38% | ₹11.57 Cr | +1.93% | — | — |
| Gillette India Ltd. | Consumer Staples | 1.36% | ₹11.48 Cr | +1.69% | +1.10% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.29% | ₹10.88 Cr | +1.75% | +1.32% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 1.21% | ₹10.21 Cr | +1.51% | +1.45% | +1.02% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.21% | ₹10.21 Cr | +1.43% | +0.99% | — |
| Onesource Specialty Pharma Ltd. | Healthcare | 1.17% | ₹9.81 Cr | +1.43% | +1.72% | +1.17% |
| Affle 3I Ltd. | Technology | 1.11% | ₹9.31 Cr | +0.89% | +1.22% | +0.72% |
| Foseco India Ltd. | Chemicals | 1.08% | ₹9.08 Cr | — | +0.36% | +0.34% |
| S.P. Apparels Ltd. | Textiles | 1.07% | ₹9.02 Cr | +1.43% | +0.84% | +0.76% |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 1.04% | ₹8.79 Cr | +1.24% | +1.35% | — |
| Bikaji Foods International Ltd. | Consumer Staples | 1.04% | ₹8.71 Cr | +1.02% | +1.32% | +1.38% |
| Vinati Organics Ltd. | Chemicals | 1.02% | ₹8.61 Cr | +1.33% | +1.28% | +1.47% |
| Shakti Pumps (India) Ltd. | Capital Goods | 0.98% | ₹8.24 Cr | +1.40% | +1.21% | +1.35% |
| Cohance Lifesciences Ltd. | Healthcare | 0.96% | ₹8.08 Cr | — | — | — |
| Delhivery Ltd. | Services | 0.93% | ₹7.78 Cr | — | — | — |
| Campus Activewear Ltd. | Consumer Discretionary | 0.89% | ₹7.49 Cr | +1.13% | +1.25% | +1.34% |
| Gujarat Energy Ltd. | Energy | 0.65% | ₹5.50 Cr | +1.02% | — | — |
| GSPL Transmission Ltd. | Energy | 0.13% | ₹1.11 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| INDO-MIM Ltd. | 1.64% | 3.04% | +1.40% |
| Pfizer Ltd. | 1.11% | 0.00% | -1.11% |
| Avalon Technologies Ltd. | 4.14% | 3.06% | -1.08% |
| CarTrade Tech Ltd. | 0.88% | 1.93% | +1.05% |
| Leela Palaces Hotels & Resorts Ltd. | 1.03% | 2.05% | +1.02% |
| Cohance Lifesciences Ltd. | 0.00% | 0.96% | +0.96% |
| Bharat Bijlee Ltd. | 0.86% | 0.00% | -0.86% |
| SML Mahindra Ltd. | 1.82% | 2.32% | +0.50% |
| Ather Energy Ltd. | 2.37% | 1.94% | -0.43% |
| Elecon Engineering Company Ltd. | 1.18% | 1.58% | +0.40% |
| Allied Blenders And Distillers Ltd. | 2.52% | 2.90% | +0.38% |
| Oracle Financial Services Software Ltd. | 2.24% | 1.88% | -0.36% |
| Neuland Laboratories Ltd. | 2.01% | 2.35% | +0.34% |
| Multi Commodity Exchange Of India Ltd. | 1.58% | 1.91% | +0.33% |
| Brigade Enterprises Ltd. | 2.46% | 2.13% | -0.33% |
| Arvind Fashions Ltd. | 2.04% | 1.73% | -0.31% |
| Ingersoll-Rand (India) Ltd. | 1.68% | 1.42% | -0.26% |
| Bikaji Foods International Ltd. | 1.26% | 1.04% | -0.22% |
| Vidya Wires Ltd. | 1.43% | 1.65% | +0.22% |
| Navin Fluorine International Ltd. | 3.06% | 2.87% | -0.19% |
| Pricol Ltd. | 2.29% | 2.11% | -0.18% |
| Kirloskar Oil Engines Ltd. | 1.99% | 2.16% | +0.17% |
| Kennametal India Ltd. | 2.19% | 2.03% | -0.16% |
| Vinati Organics Ltd. | 1.18% | 1.02% | -0.16% |
| Tata Motors Passenger Vehicles Ltd. | 1.52% | 1.38% | -0.14% |
| DCB Bank Ltd. | 1.79% | 1.65% | -0.14% |
| Garware Hi-Tech Films Ltd. | 4.86% | 4.72% | -0.14% |
| ZF Commercial Vehicle Control Systems India Ltd. | 1.33% | 1.21% | -0.12% |
| Dr. Agarwal's Health Care Ltd. | 1.54% | 1.42% | -0.12% |
| Arvind Ltd. | 1.91% | 2.03% | +0.12% |
| Delhivery Ltd. | 1.04% | 0.93% | -0.11% |
| S.P. Apparels Ltd. | 1.18% | 1.07% | -0.11% |
| Cholamandalam Financial Holdings Ltd. | 1.40% | 1.29% | -0.11% |
| SKF India (Industrial) Ltd. | 1.32% | 1.21% | -0.11% |
| Carraro India Ltd. | 1.50% | 1.39% | -0.11% |
| Manorama Industries Ltd. | 3.24% | 3.14% | -0.10% |
| Aditya Birla Sun Life AMC Ltd. | 1.56% | 1.46% | -0.10% |
| Gillette India Ltd. | 1.45% | 1.36% | -0.09% |
| Aavas Financiers Ltd. | 1.62% | 1.54% | -0.08% |
| KSH International Ltd. | 1.80% | 1.88% | +0.08% |
| Campus Activewear Ltd. | 0.97% | 0.89% | -0.08% |
| Piramal Pharma Ltd. | 1.56% | 1.49% | -0.07% |
| Affle 3I Ltd. | 1.18% | 1.11% | -0.07% |
| Ujjivan Small Finance Bank Ltd. | 1.82% | 1.76% | -0.06% |
| Shakti Pumps (India) Ltd. | 1.04% | 0.98% | -0.06% |
| One 97 Communications Ltd. | 1.79% | 1.73% | -0.06% |
| Schneider Electric Infrastructure Ltd. | 1.75% | 1.70% | -0.05% |
| City Union Bank Ltd. | 1.88% | 1.84% | -0.04% |
| Gujarat Energy Ltd. | 0.69% | 0.65% | -0.04% |
| Ratnamani Metals & Tubes Ltd. | 1.65% | 1.68% | +0.03% |
| Others | -0.23% | -0.20% | +0.03% |
| BEML Ltd. | 1.58% | 1.61% | +0.03% |
| Lumax Auto Technologies Ltd. | 2.14% | 2.11% | -0.03% |
| Techno Electric & Engineering Company Ltd. | 1.03% | 1.04% | +0.01% |
| Onesource Specialty Pharma Ltd. | 1.18% | 1.17% | -0.01% |
| Foseco India Ltd. | 1.09% | 1.08% | -0.01% |
| Transport Corporation Of India Ltd. | 1.42% | 1.41% | -0.01% |
| GSPL Transmission Ltd. | 0.13% | 0.13% | 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 | ₹12,980 Cr | 2.04% | 22.0% | 13.6% | 19.5% |
 Bandhan Small Cap Fund | ₹35,856 Cr | 1.73% | 11.0% | 11.3% | 19.5% |
 Invesco India Small Cap Fund | ₹16,321 Cr | 1.83% | 24.4% | 15.3% | 20.0% |
 Mahindra Manulife Small Cap Fund | ₹5,373 Cr | 2.17% | 21.8% | 12.1% | — |
 Bank of India Small Cap Fund | ₹3,685 Cr | 2.25% | 31.1% | 15.8% | 18.8% |
 ITI Small Cap Fund | ₹3,666 Cr | 2.20% | 21.6% | 13.7% | 19.6% |
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
- 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 months7.07% absolute | ₹60,000 | ₹64,242 | 7.07% | |
| 1 year14.45% annualised | ₹1,20,000 | ₹1,29,820 | 8.18% | |
| 3 years15.70% annualised | ₹3,60,000 | ₹4,62,051 | 28.35% | |
| 5 years14.43% annualised | ₹6,00,000 | ₹8,82,571 | 47.10% |
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 ₹34.33 as on 9 Nov 2026.
What is the expense ratio of LIC MF Small Cap Fund?
The expense ratio of LIC MF Small Cap Fund is 2.63% 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 20.7% over 1 year, 10.4% over 3 years and 14.8% 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 ₹50,860 Cr under management.