LIC MF Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 05-03-2025
₹ 28.25
▲0.4%
1D
Inception Returns
13.3%
/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 ₹307 Cr worth of assets under management (AUM) as on Jan 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 13.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.48%, 17.91% and 19.54% respectively.
Holdings
LIC MF Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Tech, Basic Materials, 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.
Historical NAV & Returns
Absolute
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156 people have invested ₹ 15.7L 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
17
/19
41% Performance
26% Risk Management
0% Cost
17 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Highly volatile within category
Poor track record of protecting capital in bear phase
5Y returns in the bottom 25% of the category
LIC MF Midcap Fund Direct Growth Overview
| Expense ratio | 1.33% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹307 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 (05-Mar-25)
Fund Distribution
as on (31-Jan-25)
Mid cap
69.2%
Small cap
14.7%
Large cap
11.2%
Sector Allocation
Consumer Cyclical
30.5%
Industrial
23.1%
Financial Services
11.8%
Tech
9%
Basic Materials
7.4%
Health
4.9%
Communication
4.3%
Consumer Defensive
3.1%
Real Estate
2.5%
Utilities
1.8%
Energy
1.5%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 307.1 Cr as of Jan'25
- AUM decreased by 12.4 Cr between Jan'25 and Dec'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 1.32% to 2.29%
Oil India Ltd's allocation increased from 0.7% to 1.44%
SRF Ltd's allocation increased from 1.93% to 2.58%
Top Stocks sold last month
Shakti Pumps (India) Ltd's allocation decreased from 6.33 % to 5.11 %
Trent Ltd's allocation decreased from 4.42 % to 3.8 %
UNO Minda Ltd's allocation decreased from 3.41 % to 3.26 %
Small Cap allocation has gone down from 18% to 14.7%
Mid Cap allocation has gone up from 65.7% to 69.2%
Large Cap allocation has gone down from 11.2% to 11.2%
Cash allocation has gone up from 1.5% to 1.8%
Top 3 Sectors in January were Consumer Cyclical, Industrial & Financial Services
Jan'25
Consumer Cyclical
31%
Industrial
23%
Financial Services
12%
Dec'24
Consumer Cyclical
33%
Industrial
22%
Financial Services
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Shakti Pumps (India) Ltd | 5.11% | -14% | |
 Trent Ltd | 3.8% | 0% | |
 UNO Minda Ltd | 3.26% | 0% | |
 The Federal Bank Ltd | 2.64% | 0% | |
 SRF Ltd | 2.58% | 0% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Global Health Ltd | 16.5% |
 Cholamandalam Investment & Finance Company Ltd | 1.8% |
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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
₹30.15K Cr
as on 31-Jan-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
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 29.91% return, outperforming this fund by 12% per annum.
Over the last 1 month, this fund has experienced a 6.0% drop in AUM moving from 326.63 Cr to 307.11 Cr.
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, Quant Mid Cap Fund Growth Option Direct Plan has given 29.79% return, outperforming this fund by 10.25% per annum.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 15.56% return, outperforming this fund by 10.08%.
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 13.3% since inception which is less than its category average return of 18.17%
Fund Allocations
This fund has an allocation of 98.24% in Equity, 0% in Debt and 1.76% in Cash related instruments
AUM size ₹307 Cr
This fund has AUM of ₹307 Cr which is less than its category average of ₹ 11840 Cr
Expense Ratio 1.33%
This fund has an expense ratio of 1.33% which is more than its category average expense ratio of 1.19%
Frequently Asked Questions for LIC MF Midcap Fund Direct Growth
The current NAV of LIC MF Midcap Fund Direct Growth is ₹28.25 as on 05-Mar-2025.
Existing (Absolute + CAGR) as on 05-Mar-2025.
LIC MF Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -10.57% | -10.57% |
6 Month Returns | -19% | -19% |
1 Year Returns | 5.48% | 5.48% |
3 Years Returns | 63.94% | 17.91% |
5 Years Returns | 144.09% | 19.54% |
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 February 2025
₹307 Cr as on February 2025
Shakti Pumps (India) Ltd(5.11%), Trent Ltd(3.8%), UNO Minda Ltd(3.26%), The Federal Bank Ltd(2.64%), SRF Ltd(2.58%) as on February 2025
Consumer Cyclical(29.97%), Industrial(22.66%), Financial Services(11.63%) as on February 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 | 6.5 | -2.45 | -3.21 |
As on February 2025
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 | 1.11 | 0.98 | 0.95 |
As on February 2025
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 | 0.04 | 0.6 | 0.68 |
As on February 2025
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 | 21.21 | 17.27 | 21.91 |
As on February 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 0.96 as on February 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%