LIC MF Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹29.01-0.65%1 day
- Return since launch
- 14.2%
- 52-week range
- ₹22.57 — ₹29.21
- AUM
- ₹302 Cr
LIC MF Value Fund is a Value & Contra equity fund from LIC Mutual Fund with ₹302 Cr under management, launched in 2018. Over three years it has returned 14.8% a year, against 11.9% for its category. The expense ratio is 3.28% and the SEBI riskometer reading is Very High.
Performance
LIC MF Value Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +21.3% against -0.8% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 28.1% | +27.1 pts | 0.9% | -3.0% |
| 2Y | 17.0% | +15.8 pts | 1.2% | 0.0% |
| 3Y | 14.8% | +2.9 pts | 11.9% | 3.4% |
| 5Y | 15.7% | +4.2 pts | 11.5% | 10.1% |
| 7Y | 17.0% | +2.1 pts | 14.9% | 13.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 1.2% | +4.5 pts | -3.3% | -3.8% |
| 3M | 5.1% | +6.4 pts | -1.3% | -1.7% |
| 6M | 23.0% | +16.4 pts | 6.7% | 5.4% |
| 1Y | 21.3% | +20.4 pts | 0.9% | -0.8% |
| 2Y | 4.3% | +7.2 pts | -2.9% | -3.4% |
| 3Y | 16.6% | +4.7 pts | 11.9% | 11.0% |
| 5Y | 12.8% | +1.3 pts | 11.5% | 10.8% |
| 7Y | 16.2% | +0.1 pts | 16.1% | 15.0% |
Since launch (30 Jul 2018): 14.2%
Calendar-year returns
Category average13.4%
34.2%
4.6%
23.2%
28.9%
-6.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | -6.9% | −12.7 pts | 5.8% |
| 2024 | 28.9% | +6.7 pts | 22.2% |
| 2023 | 23.2% | −12.2 pts | 35.3% |
| 2022 | 4.6% | −2.8 pts | 7.5% |
| 2021 | 34.2% | −3.4 pts | 37.6% |
| 2020 | 13.4% | −3.7 pts | 17.1% |
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
3.30%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.27%
- Transaction charges
- 0.02%
- Statutory levies
- 0.91%
- 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 500 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 | 4.15 | 5.70 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.11 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.63 | 0.80 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.73 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.62 | 15.71 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
LIC MF Value Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity94.5%
- Other5.5%
Market cap split
- Large37.9%
- Mid19.3%
- Small42.8%
- P/E
- 12.58
- P/B
- 3.42
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Tata Motors Passenger Vehicles Ltd. | Automobile | 6.10% | ₹18.40 Cr | +3.69% | +3.02% | +3.22% |
| Others | Others | 5.52% | ₹16.64 Cr | +2.66% | +13.04% | -3.68% |
| INDO-MIM Ltd. | Capital Goods | 5.15% | ₹15.52 Cr | — | — | — |
| Gabriel India Ltd. | Automobile | 3.31% | ₹9.98 Cr | +1.45% | +0.98% | +0.61% |
| Tenneco Clean Air India Ltd | Automobile | 3.31% | ₹9.98 Cr | +3.17% | +3.24% | — |
| Schaeffler India Ltd. | Capital Goods | 3.00% | ₹9.03 Cr | +3.23% | +2.07% | — |
| company:1151 | Chemicals | 3.00% | ₹9.04 Cr | — | — | — |
| Garware Hi-Tech Films Ltd. | Materials | 2.97% | ₹8.94 Cr | +4.34% | +2.60% | +1.73% |
| Saregama India Ltd. | Services | 2.94% | ₹8.86 Cr | — | — | +1.15% |
| company:17031 | Automobile | 2.93% | ₹8.84 Cr | — | — | — |
| Hyundai Motor India Ltd. | Automobile | 2.92% | ₹8.81 Cr | — | — | — |
| Tata Motors Ltd. | Automobile | 2.85% | ₹8.61 Cr | +3.93% | +7.36% | — |
| SML Mahindra Ltd. | Automobile | 2.77% | ₹8.36 Cr | — | — | — |
| KSH International Ltd. | Capital Goods | 2.76% | ₹8.32 Cr | +3.98% | +3.53% | — |
| Oracle Financial Services Software Ltd. | Technology | 2.67% | ₹8.06 Cr | — | — | — |
| State Bank of India | Financial | 2.65% | ₹8.01 Cr | +3.34% | +2.18% | +1.76% |
| ICICI Bank Ltd. | Financial | 2.14% | ₹6.45 Cr | +1.99% | +2.58% | +3.16% |
| company:2024 | Capital Goods | 2.13% | ₹6.43 Cr | — | — | — |
| NTPC Ltd. | Energy | 2.08% | ₹6.27 Cr | — | — | — |
| Bharat Forge Ltd. | Automobile | 2.06% | ₹6.22 Cr | +1.25% | +1.78% | — |
| Interglobe Aviation Ltd. | Services | 2.04% | ₹6.16 Cr | +2.97% | +1.93% | +1.36% |
| company:276 | Textiles | 1.88% | ₹5.66 Cr | — | +0.79% | +0.92% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.83% | ₹5.53 Cr | +1.63% | +1.31% | +0.74% |
| Tata Power Company Ltd. | Energy | 1.79% | ₹5.41 Cr | +3.01% | — | +2.67% |
| Delhivery Ltd. | Services | 1.73% | ₹5.22 Cr | +1.34% | — | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.69% | ₹5.09 Cr | — | — | — |
| Tech Mahindra Ltd. | Technology | 1.65% | ₹4.99 Cr | +2.09% | +2.26% | — |
| Shriram Finance Ltd | Financial | 1.55% | ₹4.66 Cr | +2.44% | — | +1.74% |
| Axis Bank Ltd. | Financial | 1.54% | ₹4.64 Cr | +0.87% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.51% | ₹4.55 Cr | +1.52% | +0.30% | — |
| Cipla Ltd. | Healthcare | 1.46% | ₹4.40 Cr | — | — | — |
| Bank Of Baroda | Financial | 1.39% | ₹4.19 Cr | +1.28% | +1.81% | +1.58% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.38% | ₹4.16 Cr | +1.99% | +1.42% | — |
| Neuland Laboratories Ltd. | Healthcare | 1.36% | ₹4.10 Cr | +1.15% | +0.40% | +0.50% |
| Bharat Dynamics Ltd. | Capital Goods | 1.32% | ₹3.97 Cr | +2.54% | +1.16% | — |
| Gland Pharma Ltd. | Healthcare | 1.27% | ₹3.83 Cr | +1.12% | +0.39% | +0.48% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.07% | ₹3.24 Cr | +4.30% | +1.73% | +2.12% |
| Kirloskar Ferrous Industries Ltd. | Metals & Mining | 1.02% | ₹3.08 Cr | +1.93% | +1.52% | — |
| Kotak Mahindra Bank Ltd. | Financial | 0.98% | ₹2.96 Cr | — | — | — |
| Ajanta Pharma Ltd. | Healthcare | 0.97% | ₹2.92 Cr | +0.65% | +0.48% | +0.48% |
| Mahindra Lifespace Developers Ltd. | Construction | 0.96% | ₹2.89 Cr | +2.15% | +1.47% | +2.42% |
| HDFC Bank Ltd. | Financial | 0.92% | ₹2.78 Cr | +2.17% | +1.96% | +2.53% |
| K.P.R. Mill Ltd. | Textiles | 0.85% | ₹2.55 Cr | +0.96% | +0.78% | +0.98% |
| L&T Technology Services Ltd. | Technology | 0.78% | ₹2.35 Cr | +1.03% | +2.36% | +1.30% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.77% | ₹2.32 Cr | +0.68% | — | — |
| Thermax Ltd. | Capital Goods | 0.66% | ₹1.98 Cr | +1.50% | +2.57% | — |
| Gujarat Energy Ltd. | Energy | 0.60% | ₹1.80 Cr | +1.34% | — | — |
| Bharat Bijlee Ltd. | Capital Goods | 0.59% | ₹1.79 Cr | +0.97% | +1.00% | +0.40% |
| Gokaldas Exports Ltd. | Textiles | 0.59% | ₹1.79 Cr | +0.73% | +0.54% | — |
| Triveni Power Transmission Ltd. | Capital Goods | 0.48% | ₹1.44 Cr | — | — | — |
| GSPL Transmission Ltd. | Energy | 0.11% | ₹0.33 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:1151 | 0.00% | 3.00% | +3.00% |
| company:17031 | 0.00% | 2.93% | +2.93% |
| Tata Motors Passenger Vehicles Ltd. | 3.19% | 6.10% | +2.91% |
| Siemens Energy India Ltd. | 2.62% | 0.00% | -2.62% |
| company:2024 | 0.00% | 2.13% | +2.13% |
| Maruti Suzuki India Ltd. | 2.05% | 0.00% | -2.05% |
| Others | -1.10% | 0.84% | +1.94% |
| company:276 | 0.00% | 1.88% | +1.88% |
| Gabriel India Ltd. | 1.57% | 3.31% | +1.74% |
| INDO-MIM Ltd. | 6.83% | 5.15% | -1.68% |
| Carraro India Ltd. | 1.53% | 0.00% | -1.53% |
| Hyundai Motor India Ltd. | 1.54% | 2.92% | +1.38% |
| Hitachi Energy India Ltd. | 2.84% | 1.69% | -1.15% |
| Tenneco Clean Air India Ltd | 2.27% | 3.31% | +1.04% |
| Oracle Financial Services Software Ltd. | 3.61% | 2.67% | -0.94% |
| Bharat Forge Ltd. | 1.23% | 2.06% | +0.83% |
| SML Mahindra Ltd. | 3.56% | 2.77% | -0.79% |
| Schneider Electric Infrastructure Ltd. | 2.61% | 1.83% | -0.78% |
| Schaeffler India Ltd. | 2.26% | 3.00% | +0.74% |
| Tata Motors Ltd. | 3.39% | 2.85% | -0.54% |
| Bharat Dynamics Ltd. | 1.86% | 1.32% | -0.54% |
| Mahindra Lifespace Developers Ltd. | 1.49% | 0.96% | -0.53% |
| KSH International Ltd. | 3.29% | 2.76% | -0.53% |
| Mahindra & Mahindra Financial Services Ltd. | 2.00% | 1.51% | -0.49% |
| Tata Power Company Ltd. | 2.27% | 1.79% | -0.48% |
| NTPC Ltd. | 2.54% | 2.08% | -0.46% |
| Garware Hi-Tech Films Ltd. | 3.37% | 2.97% | -0.40% |
| Saregama India Ltd. | 2.54% | 2.94% | +0.40% |
| Delhivery Ltd. | 2.11% | 1.73% | -0.38% |
| State Bank of India | 2.97% | 2.65% | -0.32% |
| Cipla Ltd. | 1.76% | 1.46% | -0.30% |
| ICICI Bank Ltd. | 2.44% | 2.14% | -0.30% |
| Interglobe Aviation Ltd. | 2.33% | 2.04% | -0.29% |
| Tech Mahindra Ltd. | 1.93% | 1.65% | -0.28% |
| Bank Of Baroda | 1.63% | 1.39% | -0.24% |
| SKF India (Industrial) Ltd. | 1.62% | 1.38% | -0.24% |
| Kirloskar Ferrous Industries Ltd. | 1.24% | 1.02% | -0.22% |
| Shriram Finance Ltd | 1.76% | 1.55% | -0.21% |
| HDFC Bank Ltd. | 1.12% | 0.92% | -0.20% |
| Thermax Ltd. | 0.84% | 0.66% | -0.18% |
| Sun Pharmaceutical Industries Ltd. | 1.24% | 1.07% | -0.17% |
| Gujarat Energy Ltd. | 0.76% | 0.60% | -0.16% |
| Bharat Bijlee Ltd. | 0.73% | 0.59% | -0.14% |
| Axis Bank Ltd. | 1.68% | 1.54% | -0.14% |
| Triveni Power Transmission Ltd. | 0.61% | 0.48% | -0.13% |
| Torrent Pharmaceuticals Ltd. | 0.90% | 0.77% | -0.13% |
| Gokaldas Exports Ltd. | 0.71% | 0.59% | -0.12% |
| L&T Technology Services Ltd. | 0.89% | 0.78% | -0.11% |
| Ajanta Pharma Ltd. | 0.87% | 0.97% | +0.10% |
| Kotak Mahindra Bank Ltd. | 1.05% | 0.98% | -0.07% |
| Neuland Laboratories Ltd. | 1.30% | 1.36% | +0.06% |
| GSPL Transmission Ltd. | 0.14% | 0.11% | -0.03% |
| K.P.R. Mill Ltd. | 0.87% | 0.85% | -0.02% |
| Gland Pharma Ltd. | 1.27% | 1.27% | 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 | ₹3,586 Cr | 2.25% | 6.0% | 9.0% | 13.3% |
 HDFC Value Fund | ₹8,266 Cr | 1.88% | 4.1% | 8.1% | 13.1% |
 DSP Value Fund | ₹2,220 Cr | 2.40% | 2.9% | 9.6% | 13.6% |
 Quant Value Fund | ₹1,978 Cr | 2.46% | 10.4% | 9.0% | — |
 Axis Value Fund | ₹1,880 Cr | 2.27% | 6.6% | 9.5% | — |
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 along with regular income by investing predominantly in equity and equity related instruments by following value investing strategy.
Fund managers
- Mahesh BendreMr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities
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 months23.02% absolute | ₹60,000 | ₹73,812 | 23.02% | |
| 1 year21.30% annualised | ₹1,20,000 | ₹1,34,787 | 12.32% | |
| 3 years16.58% annualised | ₹3,60,000 | ₹4,68,765 | 30.21% | |
| 5 years12.79% annualised | ₹6,00,000 | ₹8,43,102 | 40.52% |
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 Value Fund?
The NAV of LIC MF Value Fund is ₹29.01 as on 24 Sep 2026.
What is the expense ratio of LIC MF Value Fund?
The expense ratio of LIC MF Value Fund is 3.28% per year.
What is the minimum SIP amount for LIC MF Value Fund?
You can start a SIP in LIC MF Value Fund with ₹3,000 a month.
What returns has LIC MF Value Fund given?
LIC MF Value Fund has returned 28.1% over 1 year, 14.8% over 3 years and 15.7% over 5 years (annualised).
Is there a lock-in or exit load on LIC MF Value 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 Value Fund?
LIC MF Value Fund is rated Very High on the SEBI riskometer and belongs to the Value & Contra category.
Which fund house manages LIC MF Value Fund?
LIC MF Value Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,329 Cr under management.