LIC MF Large & Mid Cap Fund Direct Growth
Equity
Direct
Large & Mid- Cap
NAV as on 06-09-2024
₹ 45.35
1D
Inception Returns
17.2%
/yr
About the Fund
LIC MF Large & Mid Cap Fund Direct Growth is an equity fund. This fund was started on 25 February, 2015. The fund is managed by Yogesh Patil. The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Large & Mid Cap Fund Direct Growth has ₹3221 Cr worth of assets under management (AUM) as on Jul 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
LIC MF Large & Mid Cap Fund Direct Growth has given a CAGR return of 17.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 47.61%, 20.58% and 24.33% respectively.
Holdings
LIC MF Large & Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Tech, Health, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, REC Ltd, Shakti Pumps (India) Ltd, Trent Ltd
Taxation
As it is a large & mid- cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of LIC MF Large & Mid Cap Fund Direct Growth
To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Large & Mid Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
652 people have invested ₹ 54.8L in LIC MF Large & Mid Cap Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
10
/21
59% Performance
42% Risk Management
77% Cost
10 out of 21 among large & mid-cap
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.6% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹3221 Cr |
| Inception Date | 25 February, 2015 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 46.39% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
39.9%
Mid cap
35.9%
Small cap
18.8%
Sector Allocation
Financial Services
26.8%
Industrial
23.9%
Consumer Cyclical
20.6%
Basic Materials
9.3%
Tech
5.1%
Health
4.5%
Consumer Defensive
3.9%
Energy
2.1%
Utilities
1.5%
Communication
1.4%
Real Estate
0.9%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.88% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund outperformed Nifty 500 by 1.35% in Jul'24
- AUM of the fund stands at 3.2K Cr as of Jul'24
- AUM increased by 160.2 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Global Health Ltd's allocation increased from 0.15% to 0.64%
Bharat Bijlee Ltd's allocation increased from 1.62% to 2.1%
Bharti Hexacom Ltd's allocation increased from 0.96% to 1.39%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 4.58 % to 4.4 %
HDFC Bank Ltd's allocation decreased from 4.74 % to 4.32 %
Shakti Pumps (India) Ltd's allocation decreased from 3.5 % to 3.03 %
Large Cap allocation has gone down from 40.6% to 39.6%
Small Cap allocation has gone down from 20.3% to 19.6%
Cash allocation has gone down from 3.5% to 2.7%
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Jul'24
Financial Services
27%
Industrial
24%
Consumer Cyclical
21%
Jun'24
Financial Services
28%
Industrial
24%
Consumer Cyclical
22%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 4.4% | 0% | |
 HDFC Bank Ltd | 4.32% | 0% | |
 REC Ltd | 3.06% | 0% | |
 Shakti Pumps (India) Ltd | 3.03% | -22% | |
 Trent Ltd | 2.99% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Garware Hi Tech Films Ltd | 42.4% |
 Trent Ltd | 33.5% |
 Alkem Laboratories Ltd | 16.8% |
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Yogesh Patil
Fund Manager of LIC MF Large & Mid Cap Fund Direct Growth, since 18 September 2020
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹23.19K Cr
as on 31-Jul-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com
Mutual Fund Insights
Over the last 3 months, this fund has increased expense ratio by 30.4% moving from 0.46 to 0.60.
In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 28.95% return, outperforming this fund by 7.78% per annum.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 58.36% return, outperforming this fund by 8.89%.
This fund has one of the lowest expense ratio in the category (large & mid- cap). Its expense ratio is 0.6% which is lower than the category average expense ratio of 1.19%.
Over the last 6 months, this fund has experienced a 26.3% growth in AUM moving from 2.54K Cr to 3.22K Cr.
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 31.77% return, outperforming this fund by 7% per annum.
LIC MF Large & Mid Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.19% since inception which is less than its category average return of 18.77%
Fund Allocations
This fund has an allocation of 97.29% in Equity, 0% in Debt and 2.71% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 7697 Cr
Expense Ratio 0.6%
This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of LIC MF Large & Mid Cap Fund Direct Growth is ₹45.35 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
LIC MF Large & Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.92% | 5.92% |
6 Month Returns | 27.66% | 27.66% |
1 Year Returns | 47.61% | 47.61% |
3 Years Returns | 75.33% | 20.58% |
5 Years Returns | 197.04% | 24.33% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.6% as on August 2024
₹3221 Cr as on August 2024
ICICI Bank Ltd(4.4%), HDFC Bank Ltd(4.32%), REC Ltd(3.06%), Shakti Pumps (India) Ltd(3.03%), Trent Ltd(2.99%) as on August 2024
Financial Services(26.09%), Industrial(23.22%), Consumer Cyclical(20.03%) as on August 2024
The alpha ratio for the LIC MF Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Large & Mid Cap Fund Direct Growth | 4.88 | 0.69 | 0.61 |
As on August 2024
The alpha for LIC MF Large & Mid Cap Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the LIC MF Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF Large & Mid Cap Fund Direct Growth | 1.02 | 0.93 | 0.9 |
As on August 2024
The Beta for LIC MF Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the LIC MF Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
LIC MF Large & Mid Cap Fund Direct Growth | 2.84 | 1.13 | 1.03 |
As on August 2024
The sharpe ratio for LIC MF Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the LIC MF Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
LIC MF Large & Mid Cap Fund Direct Growth | 12.81 | 13.17 | 18.03 |
As on August 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.31 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Yogesh Patil is the fund manager of LIC MF Large & Mid Cap Fund Direct Growth
The Exit load of LIC MF Large & Mid Cap Fund Direct Growth is 1%