Historical NAV & Returns
Absolute
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162 people have invested ₹ 16.1L in LIC MF Midcap Fund Direct Growth in the last three months
About LIC MF Midcap Fund Direct Growth
LIC MF Midcap Fund Direct Growth is an equity fund. This fund was started on 25 January, 2017. The fund is managed by Karan Doshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Midcap Fund Direct Growth has ₹302 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
LIC MF Midcap Fund Direct Growth has given a CAGR return of 13.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 2.40%, 14.25% and 25.88% respectively.
Holdings
LIC MF Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Basic Materials, Tech, Health, Communication, Consumer Defensive, Real Estate, Utilities, Energy. Its top holdings are Shakti Pumps (India) Ltd, Trent Ltd, UNO Minda Ltd, The Federal Bank Ltd, SRF Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of LIC MF Midcap Fund Direct Growth
The objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies. However there can be no assurance that the investment objective under the scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Midcap Fund Direct Growth has no lock in period.
LIC MF Midcap Fund Direct Growth Overview
| Expense ratio | 1.33% |
Benchmark | Nifty Midcap 150 TR INR |
| AUM | ₹302 Cr |
| Inception Date | 25 January, 2017 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 559.26% |
| STCG | Selling mutual fund 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 |
INDmoney Rank for LIC MF Midcap Fund Direct Growth
Powered by IND quant engine
18
/19
38% Performance
24% Risk Management
0% Cost
18 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Does not beat the benchmark consistently
Highly volatile within category
Poor track record of protecting capital in bear phase
Trailing Returns
as on (09-Apr-25)
Fund Distribution
as on (28-Feb-25)
Mid cap
65%
Small cap
19.6%
Large cap
11.3%
Sector Allocation
Consumer Cyclical
29.8%
Industrial
21.4%
Financial Services
13.3%
Basic Materials
8.9%
Tech
7.2%
Health
6.6%
Communication
4.3%
Consumer Defensive
3.2%
Real Estate
2.3%
Utilities
1.7%
Energy
1.3%
All changes are between Dec'24 and Feb'25
- AUM of the fund stands at 276.7 Cr as of Feb'25
- AUM decreased by 30.4 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Cholamandalam Investment and Finance Co Ltd's allocation increased from 0.89% to 1.7%
Voltas Ltd's allocation increased from 1.94% to 2.26%
Global Health Ltd's allocation increased from 1.33% to 1.63%
Top Stocks sold last month
Shakti Pumps (India) Ltd's allocation decreased from 5.11 % to 4.86 %
Trent Ltd's allocation decreased from 3.8 % to 3.55 %
UNO Minda Ltd's allocation decreased from 3.26 % to 3.16 %
Small Cap allocation has gone up from 14.7% to 19.1%
Mid Cap allocation has gone down from 69.2% to 65.8%
Large Cap allocation has gone up from 11.2% to 11.5%
Cash allocation has gone up from 1.8% to 2.6%
Top 3 Sectors in February were Consumer Cyclical, Industrial & Financial Services
Feb'25
Consumer Cyclical
30%
Industrial
21%
Financial Services
13%
Jan'25
Consumer Cyclical
31%
Industrial
23%
Financial Services
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Shakti Pumps (India) Ltd | 4.68% | 0% | |
 Trent Ltd | 3.38% | 0% | |
 UNO Minda Ltd | 3.07% | 0% | |
 The Federal Bank Ltd | 2.87% | 0% | |
 SRF Ltd | 2.75% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 LIC MF Midcap Fund Direct Growth | 2.4% | 14.25% | 25.88% | 13.12% |
 Invesco India Mid Cap Fund Direct Plan Growth Option | 11.3% | 19.77% | 30.31% | 20.52% |
 Motilal Oswal Midcap Direct Growth | 7.95% | 23.76% | 35.56% | 22.91% |
 Nippon India Growth Fund - Direct Plan - Growth | 5.94% | 20.2% | 32.92% | 18.05% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Bharat Electronics Ltd | 3.4% |
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Karan Doshi
Fund Manager of LIC MF Midcap Fund Direct Growth, since 31 July 2023
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹30.83K Cr
as on 28-Feb-2025
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 6 months, this fund has experienced a 15.7% drop in AUM moving from 328.26 Cr to 276.69 Cr.
In the last 1 year, Invesco India Mid Cap Fund Direct Plan Growth Option has given 11.3% return, outperforming this fund by 8.89%.
Over the last 3 months, this fund has decreased expense ratio by 15.3% moving from 1.57 to 1.33.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 35.56% return, outperforming this fund by 9.69% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 23.76% return, outperforming this fund by 9.51% per annum.
LIC MF Midcap 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 13.12% since inception which is less than its category average return of 17.43%
Fund Allocations
This fund has an allocation of 96.97% in Equity, 0% in Debt and 3.03% in Cash related instruments
AUM size ₹302 Cr
This fund has AUM of ₹302 Cr which is less than its category average of ₹ 11371 Cr
Expense Ratio 1.33%
This fund has an expense ratio of 1.33% which is more than its category average expense ratio of 1.21%
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5Y CAGR
▲ 32.26
5Y CAGR
▲ 25.10
5Y CAGR
▲ 32.82
5Y CAGR
▲ 18.83
5Y CAGR
▲ 21.53
Frequently Asked Questions for LIC MF Midcap Fund Direct Growth
The current NAV of LIC MF Midcap Fund Direct Growth is ₹27.5 as on 09-Apr-2025.
Existing (Absolute + CAGR) as on 09-Apr-2025.
LIC MF Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.66% | -3.66% |
6 Month Returns | -19.11% | -19.11% |
1 Year Returns | 2.4% | 2.4% |
3 Years Returns | 49.12% | 14.25% |
5 Years Returns | 216.06% | 25.88% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.33% as on March 2025
₹302 Cr as on March 2025
Shakti Pumps (India) Ltd(4.68%), Trent Ltd(3.38%), UNO Minda Ltd(3.07%), The Federal Bank Ltd(2.87%), SRF Ltd(2.75%) as on March 2025
Consumer Cyclical(27.86%), Industrial(19.99%), Financial Services(13.31%) as on March 2025
The alpha ratio for the LIC MF Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Midcap Fund Direct Growth | 5.57 | -1.52 | -2.84 |
As on March 2025
The alpha for LIC MF Midcap Fund Direct Growth is calculated against Nifty Midcap 150 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 Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF Midcap Fund Direct Growth | 1.09 | 1 | 0.94 |
As on March 2025
The Beta for LIC MF Midcap Fund Direct Growth is calculated with Nifty Midcap 150 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 Midcap 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 Midcap Fund Direct Growth | 0.4 | 0.7 | 1.24 |
As on March 2025
The sharpe ratio for LIC MF Midcap Fund Direct Growth is calculated with Nifty Midcap 150 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 Midcap 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 Midcap Fund Direct Growth | 22.34 | 17.66 | 17.64 |
As on March 2025
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 1.15 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Karan Doshi is the fund manager of LIC MF Midcap Fund Direct Growth
The Exit load of LIC MF Midcap Fund Direct Growth is 1%