LIC MF Flexi Cap Fund
This is the Regular plan of LIC MF Flexi Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★☆☆☆☆1/5 vs 36 of 45 Flexi Cap Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Flexi Cap Fund (same plan and option). 36 of the 45 Flexi Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +8.81% · ranks 23 of 36 Flexi Cap Funds
Volatility 15.6% vs 14.1% category avg
2.9% expense vs 2.3% category avg
92% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (-0.28%) beats the Flexi Cap Fund average (-0.80%)
- Consistent — positive in 92% of rolling 3-year windows
Concerns
- 3-year return (+8.81%) trails the Flexi Cap Fund average (+10.47%)
- 5-year return (+8.45%) trails the Flexi Cap Fund average (+9.27%)
- Weaker risk-adjusted returns — Sharpe 0.15 below the Flexi Cap Fund average of 0.27
- More volatile than its Flexi Cap Fund peers (15.6% vs 14.1%)
- High expense ratio (2.90%) vs the Flexi Cap Fund average of 2.28%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Flexi Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -7.65% | -5.13% | -2.52% |
| 3M abs | -2.98% | -2.50% | -0.48% |
| 6M abs | +12.69% | +9.38% | +3.31% |
| 1Y CAGR | -0.28% | -0.80% | +0.52% |
| 3Y CAGR | +8.81% | +10.47% | -1.66% |
| 5Y CAGR | +8.45% | +9.27% | -0.82% |
Category average across peers in Flexi Cap Fund (up to 45 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 45 peers in Flexi Cap Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into LIC MF Flexi Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | -2.40% | -7.18% | +4.78% | |
| 2025 | +1.97% | +7.94% | -5.97% | |
| 2024 | +18.77% | +16.43% | +2.34% | |
| 2023 | +28.78% | +27.43% | +1.35% | |
| 2022 | -2.58% | +4.34% | -6.92% | |
| 2021 | +20.16% | +31.59% | -11.43% | |
| 2020 | +10.37% | +18.33% | -7.96% | |
| 2019 | +13.73% | +8.95% | +4.78% | |
| 2018 | -7.67% | -2.33% | -5.34% | |
| 2017 | +25.65% | +37.35% | -11.70% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity98.43%
- Cash & Equivalents1.58%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹996.40Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
LIC Mutual Fund is sponsored by the Life Insurance Corporation of India and has been in business since 1989. It absorbed IDBI Mutual Fund's schemes in 2023 and runs a mix of equity, debt and index funds.
Fund Managers
SASudhanshu AsthanaManaging since 07 Apr 2026
Chief Investment Officer Equity
26 years
• Diploma In Investment - Management, NMIMS Mumbai • M.A. Economics, Mumbai University
+ • Presently Chief Investment Officer – Equity, LIC Mutual Fund Asset Management Limited th (11 June 2026 till date) • Head – Equity - LIC Mutual Fund Asset Management Limited th th (16 March 2026 – 10 June 2026) • Chief Business Officer & Portfolio Manager – Electrum Portfolio Managers Private Ltd- (November 2024 – February 2026) • Designated Partner – Trivarga Business Consultancy LLP (December 2021- January 2025) • Fund Manager (Equity) - UTI Asset Management Company Limited (April 2021 – November 2021) • CEO & CIO - Tamohara Investment Managers Private Limited (August 2016 - April 2021) • Senior Fund Manager (Equity) – Axis Asset Management Company Limited (August 2009 – August 2016)
NKNikhil KapoorManaging since 01 Jul 2026
Head Research & Fund Manager – Equity
• Head Research & Fund Manager- Equity th (w.e.f. 7 April 2026) • • Senior Equity Research Analyst, LIC Mutual Fund Asset Management Limited th (26 December 2023) • Equity Research Analyst- JM Financial Servies Ltd. (January 2010 - December 2023)
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Flexi Cap funds
Flexi cap funds invest across large, mid and small-cap stocks with no fixed allocation, letting the manager shift with the market cycle. That flexibility can help manage risk and chase growth wherever it is.
From the blog
Frequently asked questions
What is the NAV of LIC MF Flexi Cap Fund?
As of 01 Oct 2026, the NAV of LIC MF Flexi Cap Fund is ₹99.96 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has LIC MF Flexi Cap Fund delivered?
LIC MF Flexi Cap Fund has returned -0.28% over 1 year, +8.81% per year over 3 years, +8.45% per year over 5 years and +8.08% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of LIC MF Flexi Cap Fund?
LIC MF Flexi Cap Fund charges an expense ratio of 2.90% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of LIC MF Flexi Cap Fund?
LIC MF Flexi Cap Fund's largest holdings are ICICI Bank Ltd. (4.7%), Solar Industries India Ltd. (4.0%), Samvardhana Motherson International Ltd. (3.4%), Navin Fluorine International Ltd. (3.4%) and Eternal Ltd. (3.2%). Holdings are disclosed monthly and change over time.
How risky is LIC MF Flexi Cap Fund?
LIC MF Flexi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -64.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.15 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Flexi Cap Fund's 0.15 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of LIC MF Flexi Cap Fund?
LIC MF Flexi Cap Fund is benchmarked against the Nifty 500 TRI. Its alpha and beta on this page are measured against that index.
Who manages LIC MF Flexi Cap Fund?
LIC MF Flexi Cap Fund is managed by Sudhanshu Asthana and Nikhil Kapoor at LIC.
How is LIC MF Flexi Cap Fund taxed?
LIC MF Flexi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.