EquityELSSRegularIDCWVery High

LIC MF Unit Linked Insurance Scheme (ULIS)

Q: What is the NAV of LIC MF Unit Linked Insurance Scheme (ULIS)?

As of 05 Oct 2026, the NAV of LIC MF Unit Linked Insurance Scheme (ULIS) is ₹35.42 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Unit Linked Insurance Scheme (ULIS) delivered?

LIC MF Unit Linked Insurance Scheme (ULIS) has returned -2.58% over 1 year, +6.06% per year over 3 years, +5.34% per year over 5 years and +4.55% 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.

Q: What is the expense ratio of LIC MF Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) charges an expense ratio of 2.79% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is LIC MF Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.5% and its worst peak-to-trough fall in our sample was -59.5%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.04 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Unit Linked Insurance Scheme (ULIS)'s -0.04 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of LIC MF Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) is benchmarked against the Crisil Hybrid 35 + 65 - Aggressive Index. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) is managed by Siddharth Panjwani and Pratik Harish Shroff at LIC.

Q: How is LIC MF Unit Linked Insurance Scheme (ULIS) taxed?

LIC MF Unit Linked Insurance Scheme (ULIS) 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.

LIC Mutual Fund · Best ELSS (Tax Saving) Mutual Funds

NAV

₹35.42

+0.11% 1D

as of 05 Oct 2026

This is the Regular plan of LIC MF Unit Linked Insurance Scheme (ULIS) — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed and reinvested in more units, which is why this NAV sits below the growth plan of the same fund.

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Performance

-2.77%absolute

52-week rangePrev NAV ₹35.38

Latest ₹35.42

Low ₹32.4062nd percentile of its 52-week rangeHigh ₹37.27

Scorecard

Not rated

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. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough ELSS peers to rank yet

Risk—

Volatility 10.5% (no category average yet)

Cost—

2.8% expense (no category average yet)

ConsistencyModerate

86% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.79%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.04

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

3 yrs

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

—

Crisil Hybrid 35 + 65 - Aggressive Index

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-3.82%

Absolute return over the last 3 months (not annualized)

-3.01%

Absolute return over the last 6 months (not annualized)

+6.98%

Absolute return since 1 Jan of this year (not annualized)

-2.80%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-2.58%

3-year annualized return (CAGR)

+6.06%

5-year annualized return (CAGR)

+5.34%

10-year annualized return (CAGR)

+8.78%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+4.55%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

10.48%

Excess return per unit of total volatility (rf = 6.5%)

-0.04

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.06

Largest peak-to-trough decline over full history

-59.48%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-2.49%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.73

How much of the fund's movement Nifty 500 TRI explains

90.7%

Excess return per unit of beta (market risk)

-0.19

Active return over the benchmark per unit of tracking error

-0.59

Annualized std dev of fund-minus-benchmark returns

5.63%

Fund's share of benchmark gains in up months (100 = matches index)

73.2%

Fund's share of benchmark losses in down months (lower is better)

77.9%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (ELSS)

Period	Fund	Category avg.	Diff
1M abs	-3.82%	—	—
3M abs	-3.01%	—	—
6M abs	+6.98%	—	—
1Y CAGR	-2.58%	—	—
3Y CAGR	+6.06%	—	—
5Y CAGR	+5.34%	—	—

Category average across peers in ELSS, 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.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹6.77L

Absolute

+12.90%

XIRR

+4.95%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into LIC MF Unit Linked Insurance Scheme (ULIS), 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	-2.80%	-7.18%	+4.38%
2025	+2.60%	+7.94%	-5.34%
2024	+11.77%	+16.43%	-4.66%
2023	+16.65%	+27.43%	-10.78%
2022	+0.29%	+4.34%	-4.05%
2021	+25.70%	+31.59%	-5.89%
2020	+7.25%	+18.33%	-11.08%
2019	+11.12%	+8.95%	+2.17%
2018	+1.16%	-2.33%	+3.49%
2017	+27.58%	+37.35%	-9.77%

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.

History points

5,004

Expense ratio

2.79%

Exit load

Nil (Lock-in Period:- Repurchase after lock-in period of 3 years from the date of Investment.)

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · ELSS

Compare all


LIC MF Unit Linked Insurance Scheme (ULIS)This fund LIC · Regular · IDCW	—	-2.58%	+6.06%	+5.34%	—	2.79%	—
SBI Long Term Advantage Fund - Series V SBI · Regular · IDCW	—	-1.21%	+19.11%	+13.79%	—	1.38%	₹345.73Cr
Bank of India Mid Cap Tax Fund Series 1 Bank of India · Regular · IDCW	—	+8.41%	+14.33%	+10.89%	—	1.38%	₹62.74Cr
JM ELSS - Tax Saver Fund JM Financial · Regular · IDCW	—	+3.76%	+14.32%	+11.79%	—	2.68%	₹220.95Cr
Quant ELSS Tax Saver Fund quant · Regular · IDCW	—	+8.06%	+13.55%	+12.76%	—	2.16%	₹12,619Cr
Bank of India Mid Cap Tax Fund Series 2 Bank of India · Regular · IDCW	—	+4.25%	+13.32%	+10.02%	—	1.41%	—

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-59.5%19 Nov 2007 → 27 Oct 2008
Fell over 11 months, back to the old high on 02 Mar 2015 — 6.3 years under water after the low.
-34.5%05 Apr 2006 → 14 Jun 2006
Fell over 2 months, back to the old high on 15 Oct 2007 — 16 months under water after the low.
-31.1%12 Feb 2020 → 23 Mar 2020
Fell over 40 days, back to the old high on 04 Dec 2020 — 8 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

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.

Launched

19 Apr 1994

Total AUM

₹49,535Cr+6.6% QoQ

Avg AUM · April - June 2026

Website

licmf.com

Fund Managers

SPSiddharth PanjwaniManaging since 01 Jul 2026

Role

Fund Manager- Equity

Total experience

20+ years

Education

• CFA – CFA Institute, USA • MBA – Carnegie Mellon University Tepper School of Business B.E., Computer Science – VESIT, University of Mumbai

Experience

• Fund Manager - Equity – LIC Mutual Fund Asset Management Limited (w.e.f. 1st July 2026) • Proposed Fund Manager - Specialized Investment Fund (SIF) – LIC Mutual Fund Asset Management Limited (February 2026-Present) • Chief Investment Officer & SVP Growth – People Hum Technologies Pvt Ltd (March 2025- December 2025) • Senior Director – Strategic Projects – Engati Technologies Pvt Ltd (June 2022 - February 2025) • Senior Director – Strategic Projects – PiMonk Tech Pvt Ltd (July 2021 – May 2022) • Senior Director – Strategic Projects – Quinbay Technologies Pvt Ltd (March 2021 – June 2021) • Co-Founder & Chief Strategy Officer

PSPratik Harish ShroffManaging since 26 Sep 2023

Role

Fund Manager – Fixed Income

Experience

Over 18 years of experience in the Banking and Financial Services Industry. • Fund Manager (Fixed Income)- LIC Mutual Fund Asset Management Ltd. (with effect from 18th September 2023) • Senior Associate Director Treasury – CTBC Bank LTD (February 2023 to September 2023) • Deputy Vice president GMG – IndusInd Bank Limited (August 2021 to February 2023) • Vice President Treasury – Industrial and Commercial Bank of China (November 2018 to August 2021) • Dealer Fixed Income – Tata Mutual Fund (October 2012 to November 2018) • Associate Vice President – LKP Securities (May 2007 – October 2012)

Funds managed (15)

All schemes Pratik Harish Shroff runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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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Fund managers

Pratik Harish Shroff

LIC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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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 ELSS (tax-saving) funds

ELSS funds are equity funds that qualify for a Section 80C deduction (up to ₹1.5 lakh a year) under the old tax regime. They carry a 3-year lock-in — the shortest of any 80C option.

Frequently asked questions

What is the NAV of LIC MF Unit Linked Insurance Scheme (ULIS)?

As of 05 Oct 2026, the NAV of LIC MF Unit Linked Insurance Scheme (ULIS) is ₹35.42 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Unit Linked Insurance Scheme (ULIS) delivered?

LIC MF Unit Linked Insurance Scheme (ULIS) has returned -2.58% over 1 year, +6.06% per year over 3 years, +5.34% per year over 5 years and +4.55% 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 Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) charges an expense ratio of 2.79% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is LIC MF Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.5% and its worst peak-to-trough fall in our sample was -59.5%. 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 -0.04 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Unit Linked Insurance Scheme (ULIS)'s -0.04 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of LIC MF Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) is benchmarked against the Crisil Hybrid 35 + 65 - Aggressive Index. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Unit Linked Insurance Scheme (ULIS)?

LIC MF Unit Linked Insurance Scheme (ULIS) is managed by Siddharth Panjwani and Pratik Harish Shroff at LIC.

How is LIC MF Unit Linked Insurance Scheme (ULIS) taxed?

LIC MF Unit Linked Insurance Scheme (ULIS) 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.