LIC MF Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 23-12-2024
₹ 32.59
1D
Inception Returns
16.1%
/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 ₹319 Cr worth of assets under management (AUM) as on Nov 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 16.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 33.41%, 22.05% and 24.38% 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, Bharat Electronics 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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150 people have invested ₹ 12L 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
26% Performance
15% 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 | ₹319 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 |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Mid cap
65.3%
Small cap
16.5%
Large cap
12.8%
Sector Allocation
Consumer Cyclical
33.8%
Industrial
22.2%
Financial Services
11.2%
Basic Materials
10.4%
Tech
6.9%
Communication
5.1%
Health
3.7%
Real Estate
2.9%
Utilities
1.8%
Consumer Defensive
1.2%
Energy
0.8%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.33% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
- This fund outperformed Nifty Midcap 150 by 0.87% in Nov'24
- AUM of the fund stands at 315.4 Cr as of Nov'24
- AUM decreased by 18.9 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Indian Hotels Co Ltd's allocation increased from 2.09% to 2.42%
Info Edge (India) Ltd's allocation increased from 1.94% to 2.12%
UNO Minda Ltd's allocation increased from 3.3% to 3.48%
Top Stocks sold last month
Trent Ltd's allocation decreased from 4.58 % to 4.31 %
Alkem Laboratories Ltd's allocation decreased from 2.38 % to 2.29 %
P N Gadgil Jewellers Ltd's allocation decreased from 2.36 % to 2.22 %
Mid Cap allocation has gone down from 65.9% to 65.3%
Large Cap allocation has gone up from 12.7% to 12.8%
Small Cap allocation has gone down from 16.6% to 16.5%
Cash allocation has gone up from 1.4% to 2%
Top 3 Sectors in November were Consumer Cyclical, Industrial & Financial Services
Nov'24
Consumer Cyclical
34%
Industrial
22%
Financial Services
11%
Oct'24
Consumer Cyclical
33%
Industrial
22%
Financial Services
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Shakti Pumps (India) Ltd | 4.73% | 0% | |
 Trent Ltd | 4.31% | 0% | |
 UNO Minda Ltd | 3.48% | 0% | |
 The Federal Bank Ltd | 2.86% | 0% | |
 Bharat Electronics Ltd | 2.44% | 0% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Info Edge (India) Ltd | 15.7% |
 Indian Hotels Co Ltd | 11.9% |
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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
₹29.07K Cr
as on 29-Nov-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 15 months, this fund has decreased expense ratio by 4.3% moving from 1.62 to 1.55.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 34.68% return, outperforming this fund by 10.29% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.21% return, outperforming this fund by 16.16% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.13% return, outperforming this fund by 26.72%.
Over the last 3 months, this fund has experienced a 2.7% drop in AUM moving from 328.26 Cr to 319.49 Cr.
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 16.09% since inception which is less than its category average return of 19.37%
Fund Allocations
This fund has an allocation of 98.02% in Equity, 0% in Debt and 1.98% in Cash related instruments
AUM size ₹319 Cr
This fund has AUM of ₹319 Cr which is less than its category average of ₹ 9584 Cr
Expense Ratio 1.55%
This fund has an expense ratio of 1.55% which is more than its category average expense ratio of 1.35%
Frequently Asked Questions for LIC MF Midcap Fund Direct Growth
The current NAV of LIC MF Midcap Fund Direct Growth is ₹32.59 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
LIC MF Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.72% | 2.72% |
6 Month Returns | 1.57% | 1.57% |
1 Year Returns | 33.41% | 33.41% |
3 Years Returns | 81.81% | 22.05% |
5 Years Returns | 197.69% | 24.38% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.55% as on November 2024
₹319 Cr as on November 2024
Shakti Pumps (India) Ltd(4.73%), Trent Ltd(4.31%), UNO Minda Ltd(3.48%), The Federal Bank Ltd(2.86%), Bharat Electronics Ltd(2.44%) as on November 2024
Consumer Cyclical(33.09%), Industrial(21.76%), Financial Services(10.99%) as on November 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 | 3.46 | -2.28 | -2.14 |
As on November 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 | 0.96 | 0.97 | 0.94 |
As on November 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 | 1.66 | 0.89 | 0.89 |
As on November 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 | 14.79 | 15.83 | 21.08 |
As on November 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 1.65 as on November 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%