LIC MF Value Fund
Value & ContraVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹28.58+1.25%1 day
- Return since launch
- 13.5%
- 52-week range
- ₹22.57 — ₹29.21
- AUM
- ₹336 Cr
LIC MF Value Fund is a Value & Contra equity fund from LIC Mutual Fund with ₹336 Cr under management, launched in 2018. Over three years it has returned 12.2% a year, against 12.3% for its category. The expense ratio is 3.22% 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 +17.4% against -0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 19.4% | +18.3 pts | 1.1% | 3.2% |
| 2Y | 14.4% | +10.5 pts | 3.9% | 3.1% |
| 3Y | 12.2% | −0.2 pts | 12.3% | 4.3% |
| 5Y | 14.2% | +2.8 pts | 11.3% | 10.4% |
| 7Y | 15.7% | +0.9 pts | 14.8% | 13.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.5% | −3.4 pts | 5.9% | 6.3% |
| 3M | -1.7% | −0.5 pts | -1.1% | -1.5% |
| 6M | 8.9% | +6.4 pts | 2.6% | 2.1% |
| 1Y | 17.7% | +16.7 pts | 1.1% | -0.2% |
| 2Y | 6.7% | +5.2 pts | 1.5% | 1.1% |
| 3Y | 16.0% | +3.7 pts | 12.3% | 11.7% |
| 5Y | 11.5% | +0.2 pts | 11.3% | 10.6% |
| 7Y | 15.7% | −0.4 pts | 16.1% | 15.0% |
Since launch (30 Jul 2018): 13.5%
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
3.33%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 2.10%
- Brokerage
- 0.28%
- Transaction charges
- 0.02%
- Statutory levies
- 0.93%
- 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 | 4.54 | 5.51 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.07 | 0.96 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.53 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.65 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.94 | 16.10 | 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 30 Sep 2026
Asset allocation
- Equity97.0%
- Other3.0%
Market cap split
- Large37.4%
- Mid18.9%
- Small43.7%
- P/E
- 13.05
- P/B
- 3.27
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| INDO-MIM Ltd. | Capital Goods | 7.68% | ₹25.81 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 5.03% | ₹16.89 Cr | +3.69% | +3.90% | +3.87% |
| Kirloskar Brothers Ltd. | Capital Goods | 3.60% | ₹12.08 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 3.51% | ₹11.81 Cr | +3.14% | +2.56% | +2.35% |
| National Stock Exchange | Financial | 3.36% | ₹11.29 Cr | — | — | — |
| Schaeffler India Ltd. | Capital Goods | 3.32% | ₹11.16 Cr | +2.38% | +2.21% | — |
| Nephrocare Health Services Ltd. | Healthcare | 3.14% | ₹10.56 Cr | — | — | — |
| Hyundai Motor India Ltd. | Automobile | 3.12% | ₹10.48 Cr | — | — | — |
| SML Mahindra Ltd. | Automobile | 3.06% | ₹10.29 Cr | — | — | — |
| Others | Others | 2.98% | ₹10.01 Cr | +5.90% | -0.15% | +0.57% |
| Saregama India Ltd. | Services | 2.96% | ₹9.95 Cr | +2.67% | — | +1.04% |
| Tenneco Clean Air India Ltd | Automobile | 2.95% | ₹9.92 Cr | +2.53% | +2.51% | — |
| Sansera Engineering Ltd. | Automobile | 2.84% | ₹9.55 Cr | — | — | — |
| Arvind Ltd. | Textiles | 2.75% | ₹9.22 Cr | — | +0.53% | +0.93% |
| Gabriel India Ltd. | Automobile | 2.65% | ₹8.91 Cr | +1.70% | +0.82% | +0.58% |
| Foseco India Ltd. | Chemicals | 2.59% | ₹8.69 Cr | — | — | — |
| Garware Hi-Tech Films Ltd. | Materials | 2.56% | ₹8.60 Cr | +3.31% | +2.12% | +2.01% |
| Tata Motors Ltd. | Automobile | 2.19% | ₹7.36 Cr | +3.66% | +6.28% | — |
| Bharat Dynamics Ltd. | Capital Goods | 1.95% | ₹6.56 Cr | +2.68% | +1.90% | — |
| Oracle Financial Services Software Ltd. | Technology | 1.95% | ₹6.54 Cr | +2.91% | — | — |
| State Bank of India | Financial | 1.87% | ₹6.29 Cr | +3.30% | +1.80% | +1.78% |
| KSH International Ltd. | Capital Goods | 1.82% | ₹6.10 Cr | +3.07% | +3.12% | — |
| NTPC Ltd. | Energy | 1.76% | ₹5.91 Cr | +2.32% | — | — |
| Gujarat Energy Ltd. | Energy | 1.68% | ₹5.64 Cr | +1.01% | — | — |
| Interglobe Aviation Ltd. | Services | 1.67% | ₹5.61 Cr | +2.90% | +1.60% | +1.25% |
| ICICI Bank Ltd. | Financial | 1.67% | ₹5.61 Cr | +2.60% | +2.29% | +2.83% |
| Hitachi Energy India Ltd. | Capital Goods | 1.67% | ₹5.60 Cr | +1.47% | — | — |
| Bharat Forge Ltd. | Automobile | 1.62% | ₹5.45 Cr | +1.33% | +0.98% | — |
| Tata Power Company Ltd. | Energy | 1.59% | ₹5.35 Cr | +2.56% | — | +1.59% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.55% | ₹5.22 Cr | +2.71% | +1.62% | +0.66% |
| Cipla Ltd. | Healthcare | 1.50% | ₹5.05 Cr | — | — | — |
| Delhivery Ltd. | Services | 1.33% | ₹4.48 Cr | +1.30% | — | — |
| Tech Mahindra Ltd. | Technology | 1.33% | ₹4.46 Cr | +1.83% | +2.34% | — |
| Axis Bank Ltd. | Financial | 1.25% | ₹4.19 Cr | +1.79% | — | — |
| Shriram Finance Ltd | Financial | 1.18% | ₹3.95 Cr | +2.09% | +0.95% | +1.72% |
| Bank Of Baroda | Financial | 1.15% | ₹3.87 Cr | +1.76% | +1.42% | +1.63% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.13% | ₹3.78 Cr | +1.79% | +0.23% | +1.85% |
| SKF India (Industrial) Ltd. | Capital Goods | 1.10% | ₹3.69 Cr | +2.47% | +1.83% | — |
| Gland Pharma Ltd. | Healthcare | 1.10% | ₹3.68 Cr | +1.15% | +0.36% | +0.47% |
| Neuland Laboratories Ltd. | Healthcare | 1.08% | ₹3.64 Cr | +1.16% | +0.38% | +0.51% |
| Kirloskar Ferrous Industries Ltd. | Metals & Mining | 0.91% | ₹3.06 Cr | +1.52% | +1.36% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.84% | ₹2.83 Cr | +1.68% | +1.77% | +1.97% |
| Kotak Mahindra Bank Ltd. | Financial | 0.84% | ₹2.81 Cr | +0.91% | — | — |
| Mahindra Lifespace Developers Ltd. | Construction | 0.81% | ₹2.73 Cr | +2.00% | +1.23% | +2.27% |
| K.P.R. Mill Ltd. | Textiles | 0.68% | ₹2.29 Cr | +1.09% | +0.73% | +0.99% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.63% | ₹2.10 Cr | +0.66% | — | — |
| L&T Technology Services Ltd. | Technology | 0.60% | ₹2.02 Cr | +0.87% | +2.13% | +1.17% |
| Bharat Bijlee Ltd. | Capital Goods | 0.45% | ₹1.52 Cr | +0.93% | +0.86% | +0.40% |
| Gokaldas Exports Ltd. | Textiles | 0.45% | ₹1.50 Cr | +0.85% | +0.49% | — |
| Triveni Power Transmission Ltd. | Capital Goods | 0.43% | ₹1.44 Cr | — | — | — |
| GSPL Transmission Ltd. | Energy | 0.10% | ₹0.35 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 0.84% | -6.70% | -7.54% |
| National Stock Exchange | 0.00% | 3.36% | +3.36% |
| Nephrocare Health Services Ltd. | 0.00% | 3.14% | +3.14% |
| HDFC Bank Ltd. | 0.92% | 3.51% | +2.59% |
| INDO-MIM Ltd. | 5.15% | 7.68% | +2.53% |
| Kirloskar Brothers Ltd. | 2.13% | 3.60% | +1.47% |
| Gujarat Energy Ltd. | 0.60% | 1.68% | +1.08% |
| Tata Motors Passenger Vehicles Ltd. | 6.10% | 5.03% | -1.07% |
| Ajanta Pharma Ltd. | 0.97% | 0.00% | -0.97% |
| KSH International Ltd. | 2.76% | 1.82% | -0.94% |
| Arvind Ltd. | 1.88% | 2.75% | +0.87% |
| State Bank of India | 2.65% | 1.87% | -0.78% |
| Oracle Financial Services Software Ltd. | 2.67% | 1.95% | -0.72% |
| Thermax Ltd. | 0.66% | 0.00% | -0.66% |
| Gabriel India Ltd. | 3.31% | 2.65% | -0.66% |
| Tata Motors Ltd. | 2.85% | 2.19% | -0.66% |
| Bharat Dynamics Ltd. | 1.32% | 1.95% | +0.63% |
| ICICI Bank Ltd. | 2.14% | 1.67% | -0.47% |
| Bharat Forge Ltd. | 2.06% | 1.62% | -0.44% |
| Foseco India Ltd. | 3.00% | 2.59% | -0.41% |
| Garware Hi-Tech Films Ltd. | 2.97% | 2.56% | -0.41% |
| Delhivery Ltd. | 1.73% | 1.33% | -0.40% |
| Mahindra & Mahindra Financial Services Ltd. | 1.51% | 1.13% | -0.38% |
| Shriram Finance Ltd | 1.55% | 1.18% | -0.37% |
| Interglobe Aviation Ltd. | 2.04% | 1.67% | -0.37% |
| Tenneco Clean Air India Ltd | 3.31% | 2.95% | -0.36% |
| Schaeffler India Ltd. | 3.00% | 3.32% | +0.32% |
| Tech Mahindra Ltd. | 1.65% | 1.33% | -0.32% |
| NTPC Ltd. | 2.08% | 1.76% | -0.32% |
| Axis Bank Ltd. | 1.54% | 1.25% | -0.29% |
| SML Mahindra Ltd. | 2.77% | 3.06% | +0.29% |
| SKF India (Industrial) Ltd. | 1.38% | 1.10% | -0.28% |
| Schneider Electric Infrastructure Ltd. | 1.83% | 1.55% | -0.28% |
| Neuland Laboratories Ltd. | 1.36% | 1.08% | -0.28% |
| Bank Of Baroda | 1.39% | 1.15% | -0.24% |
| Sun Pharmaceutical Industries Ltd. | 1.07% | 0.84% | -0.23% |
| Hyundai Motor India Ltd. | 2.92% | 3.12% | +0.20% |
| Tata Power Company Ltd. | 1.79% | 1.59% | -0.20% |
| L&T Technology Services Ltd. | 0.78% | 0.60% | -0.18% |
| Gland Pharma Ltd. | 1.27% | 1.10% | -0.17% |
| K.P.R. Mill Ltd. | 0.85% | 0.68% | -0.17% |
| Mahindra Lifespace Developers Ltd. | 0.96% | 0.81% | -0.15% |
| Torrent Pharmaceuticals Ltd. | 0.77% | 0.63% | -0.14% |
| Kotak Mahindra Bank Ltd. | 0.98% | 0.84% | -0.14% |
| Gokaldas Exports Ltd. | 0.59% | 0.45% | -0.14% |
| Bharat Bijlee Ltd. | 0.59% | 0.45% | -0.14% |
| Kirloskar Ferrous Industries Ltd. | 1.02% | 0.91% | -0.11% |
| Sansera Engineering Ltd. | 2.93% | 2.84% | -0.09% |
| Triveni Power Transmission Ltd. | 0.48% | 0.43% | -0.05% |
| Cipla Ltd. | 1.46% | 1.50% | +0.04% |
| Hitachi Energy India Ltd. | 1.69% | 1.67% | -0.02% |
| Saregama India Ltd. | 2.94% | 2.96% | +0.02% |
| GSPL Transmission Ltd. | 0.11% | 0.10% | -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 | ₹3,514 Cr | 2.18% | 10.3% | 9.5% | 14.6% |
 HDFC Value Fund | ₹8,039 Cr | 1.87% | 10.9% | 9.3% | 13.7% |
 DSP Value Fund | ₹2,225 Cr | 2.35% | 9.2% | 10.7% | 14.2% |
 Quant Value Fund | ₹1,917 Cr | 2.31% | 8.0% | 7.3% | — |
 Axis Value Fund | ₹1,877 Cr | 2.20% | 13.0% | 10.5% | 15.8% |
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 months8.95% absolute | ₹60,000 | ₹65,370 | 8.95% | |
| 1 year17.74% annualised | ₹1,20,000 | ₹1,32,180 | 10.15% | |
| 3 years16.01% annualised | ₹3,60,000 | ₹4,64,403 | 29.00% | |
| 5 years11.50% annualised | ₹6,00,000 | ₹8,13,572 | 35.60% |
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 ₹28.58 as on 9 Nov 2026.
What is the expense ratio of LIC MF Value Fund?
The expense ratio of LIC MF Value Fund is 3.22% 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 19.4% over 1 year, 12.2% over 3 years and 14.2% 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 ₹50,860 Cr under management.