LIC MF Small Cap Fund Direct Growth

LIC MF Small Cap Fund Direct Growth

NAV as on 21-04-2025

₹ 32.15

1.4%

1D

Inception Returns

16.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
1237 people have invested ₹ 57.8L in LIC MF Small Cap Fund Direct Growth in the last three months

About LIC MF Small Cap Fund Direct Growth

LIC MF Small Cap Fund Direct Growth is an equity fund. This fund was started on 21 June, 2017. The fund is managed by Nikhil Rungta. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Small Cap Fund Direct Growth has ₹494 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

LIC MF Small Cap Fund Direct Growth has given a CAGR return of 16.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.38%, 18.73% and 33.90% respectively.

Holdings

LIC MF Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Basic Materials, Utilities, Consumer Defensive, Financial Services, Health, Communication, Tech, Real Estate. Its top holdings are JTL Industries Ltd, Housing & Urban Development Corp Ltd, Sanathan Textiles Ltd, Concord Enviro Systems Ltd, International Gemmological Institute (India) Ltd

Taxation

As it is a small-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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of LIC MF Small Cap Fund Direct Growth

The Investment 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 Small Cap 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 Small Cap Fund Direct Growth has no lock in period.

LIC MF Small Cap Fund Direct Growth Overview

Expense ratio0.97%
Benchmark
Nifty Smallcap 250 TR INR
AUM₹494 Cr
Inception Date21 June, 2017
Min Lumpsum/SIP₹5000/₹200
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
684.33%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

INDmoney Rank for LIC MF Small Cap Fund Direct Growth

Powered by IND quant engine
14
/18
53% Performance
27% Risk Management
10% Cost
14 out of 18 among small-cap
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Beats FD returns for both 3Y & 5Y
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Highly volatile within category
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Poor track record of Recovering losses quickly
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Smaller AUM within category

Trailing Returns

as on (21-Apr-25)

Period
LIC MF Small Cap Fund Direct Growth
Nifty Smallcap 250
small-cap
1M
2%
3.3%
2.6%
3M
-9.6%
-4.4%
-4.4%
6M
-12.1%
-12.2%
-11.7%
1Y
12.4%
3.9%
7.4%
3Y
18.7%
17.4%
18%
5Y
33.9%
35%
34.8%

Fund Distribution

as on (31-Mar-25)

  • Equity 96%

  • Debt & Cash 4%

Small cap
80.9%

Mid cap
10.8%

Large cap
2.9%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Industrial
37.5%
Consumer Cyclical
17.6%
Basic Materials
10.6%
Utilities
8.3%
Consumer Defensive
7.8%
Financial Services
6.6%
Health
4.5%
Communication
3.3%
Tech
3%
Real Estate
0.7%
All changes are between Jan'25 and Mar'25
Mar'25
Feb'25
Jan'25
Fund Returns
8.65%
-16.21%
-10.17%
Nifty Smallcap 250
9.80%
-13.23%
-11.49%
  • This fund’s returns stands at 8.65% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at 9.80% as on Mar'25
  • This fund underperformed Nifty Smallcap 250 by 1.15% in Mar'25
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 493.7 Cr
₹ 433.6 Cr
₹ 491.4 Cr
  • AUM of the fund stands at 493.7 Cr as of Mar'25
  • AUM increased by 60.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Enviro Infra Engineers Ltd's allocation increased from 0.44% to 2.19%
Enviro Infra Engineers Ltd's allocation increased from 0.44% to 2.19%
JTL Industries Ltd's allocation increased from 2.48% to 3.12%
JTL Industries Ltd's allocation increased from 2.48% to 3.12%
Johnson Controls - Hitachi Air Conditioning India Ltd's allocation increased from 1.5% to 1.94%
Johnson Controls - Hitachi Air Conditioning India Ltd's allocation increased from 1.5% to 1.94%
Top Stocks sold last month
International Gemmological Institute (India) Ltd's allocation decreased from 2.85 % to 2.64 %
International Gemmological Institute (India) Ltd's allocation decreased from 2.85 % to 2.64 %
Navkar Corp Ltd's allocation decreased from 2.34 % to 2.26 %
Navkar Corp Ltd's allocation decreased from 2.34 % to 2.26 %
Navin Fluorine International Ltd's allocation decreased from 1.97 % to 1.93 %
Navin Fluorine International Ltd's allocation decreased from 1.97 % to 1.93 %
Large Cap allocation has gone up from 2.8% to 2.9%
Large Cap allocation has gone up from 2.8% to 2.9%
Small Cap allocation has gone down from 81.6% to 80.9%
Small Cap allocation has gone down from 81.6% to 80.9%
Mid Cap allocation has gone up from 10.6% to 10.8%
Mid Cap allocation has gone up from 10.6% to 10.8%
Cash allocation has gone up from 3.2% to 4%
Cash allocation has gone up from 3.2% to 4%

Top 3 Sectors in March were Industrial, Consumer Cyclical & Basic Materials

Mar'25
Industrial
38%
Consumer Cyclical
18%
Basic Materials
11%
Feb'25
Industrial
35%
Consumer Cyclical
17%
Basic Materials
14%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
LIC MF Small Cap Fund Direct Growth
LIC MF Small Cap Fund Direct Growth
12.38%
18.73%
33.9%
16.08%
Bandhan Small Cap Fund Direct Growth
Bandhan Small Cap Fund Direct Growth
19.46%
27.2%
38.43%
34.64%
Axis Small Cap Fund Direct Growth
Axis Small Cap Fund Direct Growth
13.75%
18.6%
32.49%
23.86%
UTI Small Cap Fund Direct Growth
UTI Small Cap Fund Direct Growth
13.42%
16.76%
-
23.97%
  • Gainers

  • Losers

Fund
Mar'25
Feb'25
Jan'25
No of Holdings
68
69
71
Top 5 Company Concentration
14.4%
14.9%
14.6%
Company having highest exposure
JTL Industries Ltd (3.1%)
JTL Industries Ltd (3.8%)
JTL Industries Ltd (3.4%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
81.9%
82.6%
82.2%
Sector having highest exposure
Industrial (37.5%)
Industrial (34.7%)
Industrial (36.4%)
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Nikhil Rungta
Nikhil Rungta
Fund Manager of LIC MF Small Cap Fund Direct Growth, since 1 July 2024
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹29.68K Cr
as on 31-Mar-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

Insights icon
In the last 1 year, Motilal Oswal Small Cap Fund Direct Growth has given 20.53% return, outperforming this fund by 8.15%.
Insights icon
In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 50.17% return, outperforming this fund by 16.27% per annum.
Insights icon
In the last 3 years, Bandhan Small Cap Fund Direct Growth has given 27.2% return, outperforming this fund by 8.47% per annum.
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Over the last 3 months, this fund has decreased expense ratio by 36.6% moving from 1.53 to 0.97.
Insights icon
This fund expense ratio is slightly on the lower side within the category (small-cap). Its expense ratio is 0.97% which is lower than the category average expense ratio of 1.19%.
Insights icon
Over the last 6 months, this fund has experienced a 33.4% growth in AUM moving from 370.18 Cr to 493.73 Cr.

LIC MF Small Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.08% since inception which is less than its category average return of 17.75%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.04% in Equity, 0% in Debt and 3.96% in Cash related instruments
AUM size ₹494 Cr

AUM size ₹494 Cr

This fund has AUM of ₹494 Cr which is less than its category average of ₹ 9875 Cr
Expense Ratio 0.97%

Expense Ratio 0.97%

This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.28%
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Frequently Asked Questions for LIC MF Small Cap Fund Direct Growth

The current NAV of LIC MF Small Cap Fund Direct Growth is ₹32.15 as on 21-Apr-2025.
Existing (Absolute + CAGR) as on 21-Apr-2025.
LIC MF Small Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.96%
1.96%
6 Month Returns
-12.09%
-12.09%
1 Year Returns
12.38%
12.38%
3 Years Returns
67.37%
18.73%
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.
0.97% as on March 2025
₹494 Cr as on March 2025
JTL Industries Ltd(3.12%), Housing & Urban Development Corp Ltd(3.04%), Sanathan Textiles Ltd(2.94%), Concord Enviro Systems Ltd(2.71%), International Gemmological Institute (India) Ltd(2.64%) as on March 2025
Industrial(36.02%), Consumer Cyclical(16.94%), Basic Materials(10.19%) as on March 2025
The alpha ratio for the LIC MF Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF Small Cap Fund Direct Growth
6.85
0.96
3.77
As on March 2025
The alpha for LIC MF Small Cap Fund Direct Growth is calculated against Nifty Smallcap 250 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF Small Cap Fund Direct Growth
1.04
0.89
0.79
As on March 2025
The Beta for LIC MF Small Cap Fund Direct Growth is calculated with Nifty Smallcap 250 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 Small 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 Small Cap Fund Direct Growth
0.33
0.61
1.46
As on March 2025
The sharpe ratio for LIC MF Small Cap Fund Direct Growth is calculated with Nifty Smallcap 250 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 Small 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 Small Cap Fund Direct Growth
27.6
19.46
18.21
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 0.91 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Nikhil Rungta is the fund manager of LIC MF Small Cap Fund Direct Growth
The Exit load of LIC MF Small Cap Fund Direct Growth is 1%