LIC MF Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 21-11-2024
₹ 31.48
1D
Inception Returns
15.8%
/yr
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 ₹315 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.6.
Returns
LIC MF Midcap Fund Direct Growth has given a CAGR return of 15.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.71%, 17.37% and 23.68% respectively.
Holdings
LIC MF Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Basic Materials, Tech, Communication, Health, Real Estate, Utilities, Consumer Defensive, Energy. Its top holdings are Shakti Pumps (India) Ltd, Trent Ltd, UNO Minda Ltd, The Federal Bank Ltd, Alkem Laboratories 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 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 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.
Historical NAV & Returns
Annualised
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144 people have invested ₹ 10L in LIC MF Midcap Fund Direct Growth in the last three months
INDmoney Rank for LIC MF Midcap Fund Direct Growth
Powered by IND quant engine
19
/19
29% Performance
13% Risk Management
0% Cost
19 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Highly volatile within category
LIC MF Midcap Fund Direct Growth Overview
| Expense ratio | 1.55% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹315 Cr |
| Inception Date | 25 January, 2017 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 559.26% |
| 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
65.9%
Small cap
16.6%
Large cap
12.7%
Sector Allocation
Consumer Cyclical
33.4%
Industrial
22%
Financial Services
11.2%
Basic Materials
10.7%
Tech
7%
Communication
4.8%
Health
3.8%
Real Estate
2.9%
Utilities
2.2%
Consumer Defensive
1.2%
Energy
0.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.37% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 0.35% in Oct'24
- AUM of the fund stands at 334.3 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
SRF Ltd's allocation increased from 0.73% to 2.01%
Tata Technologies Ltd's allocation increased from 1.01% to 1.47%
The Federal Bank Ltd's allocation increased from 2.55% to 2.8%
Top Stocks sold last month
Shakti Pumps (India) Ltd's allocation decreased from 4.76 % to 4.6 %
Trent Ltd's allocation decreased from 4.87 % to 4.58 %
UNO Minda Ltd's allocation decreased from 3.49 % to 3.3 %
Large Cap allocation has gone down from 14.5% to 12.7%
Small Cap allocation has gone up from 14.4% to 16.6%
Mid Cap allocation has gone up from 65.7% to 65.9%
Cash allocation has gone down from 2% to 1.4%
Top 3 Sectors in October were Consumer Cyclical, Industrial & Financial Services
Oct'24
Consumer Cyclical
33%
Industrial
22%
Financial Services
11%
Sep'24
Consumer Cyclical
33%
Industrial
23%
Financial Services
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Federal Bank Ltd | 6.9% |
 Himatsingka Seide Ltd | 6.9% |
 Global Health Ltd | 4.2% |
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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
₹27.84K Cr
as on 31-Oct-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 1 month, this fund has experienced a 5.7% drop in AUM moving from 334.33 Cr to 315.42 Cr.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.14% return, outperforming this fund by 25.43%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 33.13% return, outperforming this fund by 9.46% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.39% return, outperforming this fund by 16.02% per annum.
Over the last 15 months, this fund has decreased expense ratio by 4.3% moving from 1.62 to 1.55.
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 15.79% since inception which is less than its category average return of 18.78%
Fund Allocations
This fund has an allocation of 98.64% in Equity, 0% in Debt and 1.36% in Cash related instruments
AUM size ₹315 Cr
This fund has AUM of ₹315 Cr which is less than its category average of ₹ 9389 Cr
Expense Ratio 1.55%
This fund has an expense ratio of 1.55% which is more than its category average expense ratio of 1.36%
Frequently Asked Questions for LIC MF Midcap Fund Direct Growth
The current NAV of LIC MF Midcap Fund Direct Growth is ₹31.48 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
LIC MF Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.64% | -4.64% |
6 Month Returns | 7.89% | 7.89% |
1 Year Returns | 34.71% | 34.71% |
3 Years Returns | 61.7% | 17.37% |
5 Years Returns | 189.36% | 23.68% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.55% as on October 2024
₹315 Cr as on October 2024
Shakti Pumps (India) Ltd(4.6%), Trent Ltd(4.58%), UNO Minda Ltd(3.3%), The Federal Bank Ltd(2.8%), Alkem Laboratories Ltd(2.38%) as on October 2024
Consumer Cyclical(32.98%), Industrial(21.71%), Financial Services(11.03%) as on October 2024
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 | 3.78 | -3.25 | -2.58 |
As on October 2024
The alpha for LIC MF Midcap Fund Direct Growth is calculated against S&P BSE Midcap 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 | 0.98 | 0.98 | 0.94 |
As on October 2024
The Beta for LIC MF Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 | 2.11 | 0.8 | 0.89 |
As on October 2024
The sharpe ratio for LIC MF Midcap Fund Direct Growth is calculated with S&P BSE Midcap 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 | 16.46 | 16.11 | 21.09 |
As on October 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 1.46 as on October 2024. 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%