EquityLarge Cap FundRegularGrowthVery High

LIC MF Large Cap Fund

Q: What is the NAV of LIC MF Large Cap Fund?

As of 01 Oct 2026, the NAV of LIC MF Large Cap Fund is ₹50.80 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Large Cap Fund delivered?

LIC MF Large Cap Fund has returned -8.47% over 1 year, +5.70% per year over 3 years, +4.38% per year over 5 years and +7.34% 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 Large Cap Fund?

LIC MF Large Cap Fund charges an expense ratio of 2.48% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of LIC MF Large Cap Fund?

LIC MF Large Cap Fund's largest holdings are ICICI Bank Ltd. (9.7%), HDFC Bank Ltd. (5.8%), Larsen & Toubro Ltd. (5.5%), Bharti Airtel Ltd. (4.3%) and Axis Bank Ltd. (4.1%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Large Cap Fund?

LIC MF Large Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.9% and its worst peak-to-trough fall in our sample was -64.6%. 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 -0.06 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Large Cap Fund's -0.06 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of LIC MF Large Cap Fund?

LIC MF Large Cap Fund is benchmarked against the NIFTY 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Large Cap Fund?

LIC MF Large Cap Fund is managed by Dikshit Mittal, Mahesh Bendre and Nikhil Kapoor at LIC.

Q: How is LIC MF Large Cap Fund taxed?

LIC MF Large 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.

LIC Mutual Fund · Best Large Cap Mutual Funds

NAV

₹50.80

-0.99% 1D

as of 01 Oct 2026

This is the Regular plan of LIC MF Large 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.

Compare SIP calculator

Performance

-7.60%CAGR

52-week rangePrev NAV ₹51.31

Latest ₹50.80

Low ₹48.3426th percentile of its 52-week rangeHigh ₹57.86

Scorecard

★☆☆☆☆1/5 vs 32 of 34 Large 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 Large Cap Fund (same plan and option). 32 of the 34 Large Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +5.70% · ranks 25 of 30 Large Cap Funds

RiskModerate

Volatility 13.9% vs 13.4% category avg

CostHigh

2.5% expense vs 2.2% category avg

ConsistencyHigh

97% 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

Consistent — positive in 97% of rolling 3-year windows

Concerns

1-year return (-8.47%) trails the Large Cap Fund average (-5.13%)
3-year return (+5.70%) trails the Large Cap Fund average (+7.83%)
5-year return (+4.38%) trails the Large Cap Fund average (+7.17%)
Ranks #30 of 33 on 1-year return in its Large Cap Fund cohort
Weaker risk-adjusted returns — Sharpe -0.06 below the Large Cap Fund average of 0.09

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.48%

Category 2.20%▲0.28%

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

23.00

Category —

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

-0.06

Category 0.09▼0.15

Scheme Info

Definitions

Plan

Regular · Growth

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

None

12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 12 months from the date of allotment of units., 1% on remaining units if redeemed or switched out on or before completion of 12 months from the date of allotment of units, Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.

Up to 1.00%

tiered — see the full terms

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

₹200

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY 500 Multicap 50:25:25 TRI

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.

31 Oct 2007

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.54%

Absolute return over the last 3 months (not annualized)

-4.46%

Absolute return over the last 6 months (not annualized)

+3.03%

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

-11.40%

Annualized returns (≥1Y — CAGR)

Definitions

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

-8.47%

3-year annualized return (CAGR)

+5.70%

5-year annualized return (CAGR)

+4.38%

10-year annualized return (CAGR)

+8.93%

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.

+7.34%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

13.88%

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

-0.06

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

-0.08

Largest peak-to-trough decline over full history

-64.61%

Benchmark ratios (vs Nifty 100 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 100 TRI

-1.77%

Sensitivity to Nifty 100 TRI moves; 1 = moves with the index

1.01

How much of the fund's movement Nifty 100 TRI explains

96.7%

Excess return per unit of beta (market risk)

-0.43

Active return over the benchmark per unit of tracking error

-0.69

Annualized std dev of fund-minus-benchmark returns

2.79%

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

96.5%

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

106.1%

Computed vs the Nifty 100 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 (Large Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-5.54%	-5.83%	+0.29%
3M abs	-4.46%	-4.52%	+0.06%
6M abs	+3.03%	+3.58%	-0.55%
1Y CAGR	-8.47%	-5.13%	-3.34%
3Y CAGR	+5.70%	+7.83%	-2.13%
5Y CAGR	+4.38%	+7.17%	-2.79%

Category average across peers in Large Cap Fund (up to 34 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 34 peers in Large Cap Fund

1Y return

-8.47%

Beats 9.4% · rank #30

3Y return

+5.70%

Beats 17.2% · rank #25

5Y return

+4.38%

Beats 3.8% · rank #26

Sharpe

-0.06

Beats 17.2% · rank #25

Sortino

-0.08

Beats 17.2% · rank #25

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

₹6.50L

Absolute

+8.37%

XIRR

+3.28%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into LIC MF Large 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 100 TRI	Diff
2026part	-11.40%	-10.54%	-0.86%
2025	+5.97%	+10.40%	-4.43%
2024	+14.22%	+13.11%	+1.11%
2023	+16.87%	+21.72%	-4.85%
2022	-1.58%	+5.03%	-6.61%
2021	+23.77%	+26.41%	-2.64%
2020	+13.81%	+16.49%	-2.68%
2019	+14.99%	+11.77%	+3.22%
2018	+0.72%	+2.35%	-1.63%
2017	+26.77%	+32.57%	-5.80%

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Fund manager change — now managed by Dikshit Mittal, Mahesh Bendre, Nikhil Kapoor; Sumit Bhatnagar stepped away
25 Sep 2026

History points

4,616

Expense ratio

2.48%

AUM

₹1,346Cr

Portfolio turnover

67%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

23.0

P/B ratio

5.4

Avg market cap

₹4,27,368Cr

P/E & P/B are portfolio-weighted harmonic means across 39 of 46 equity holdings (86% of the portfolio); loss-making companies are excluded.

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 · Large Cap Fund

Compare all


LIC MF Large Cap FundThis fund LIC · Regular · Growth	★☆☆☆☆	-8.47%	+5.70%	+4.38%	—	2.48%	₹1,346Cr
Taurus Large Cap Fund Taurus · Regular · Growth	★★☆☆☆	+5.85%	+12.18%	+9.92%	—	2.73%	₹49.42Cr
Invesco India Large Cap Fund Invesco · Regular · Growth	★★★☆☆	-1.33%	+11.10%	+8.99%	—	2.18%	—
quant Large Cap Fund quant · Regular · Growth	★★★☆☆	+1.87%	+10.85%	—	—	2.87%	₹3,172Cr
Bandhan Large Cap Fund Bandhan · Regular · Growth	★★★☆☆	-3.57%	+10.17%	+8.41%	—	2.21%	₹2,004Cr
WhiteOak Capital Large Cap Fund WhiteOak Capital · Regular · Growth	★★★★★	-4.91%	+10.05%	—	—	2.48%	₹1,167Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap82.4%
Mid cap13.6%
Small cap4.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.49%
Cash & Equivalents1.52%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Axis Large Cap Fund Axis · Large Cap Fund	58.7%	★★★☆☆	0.92%	+7.70%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	58.5%	★★★★☆	0.63%	+8.81%
Invesco India Multi Asset Allocation Fund Invesco · Multi Asset Allocation	56.5% of 37% equity	★★★★☆	0.54%	—
HSBC Large Cap Fund HSBC · Large Cap Fund	56.1%	★★☆☆☆	1.41%	+9.04%
360 ONE ELSS Tax Saver Nifty 50 Index Fund 360 One · Index Funds	55.7%	★★☆☆☆	0.37%	+5.47%
Edelweiss Nifty 50 Index Fund Edelweiss · Index Funds	55.6%	★★★☆☆	0.14%	+5.53%
Zerodha Nifty 50 ETF Zerodha · Other ETFs	55.6%	—	0.06%	—
Nippon India Index Fund - Nifty 50 Nippon India · Index Funds	55.6%	★★★☆☆	0.13%	+5.54%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

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.

-64.6%04 Jan 2008 → 09 Mar 2009
Fell over 14 months, back to the old high on 28 May 2014 — 5.2 years under water after the low.
-33.2%13 Feb 2020 → 23 Mar 2020
Fell over 39 days, back to the old high on 18 Nov 2020 — 8 months under water after the low.
-22.5%03 Mar 2015 → 25 Feb 2016
Fell over 12 months, back to the old high on 06 Sep 2016 — 6 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.

Fund size over time

Quarterly average AUM · AMFI

₹1,346Cr

April - June 2026

-4%

since January - March 2026

+₹42.31Cr

est. net flow, last quarter

At or near its largest, ₹1,409Cr 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.

Launched

19 Apr 1994

Total AUM

₹49,535Cr+6.6% QoQ

Avg AUM · April - June 2026

Website

licmf.com

Fund Managers

DMDikshit MittalManaging since 01 Dec 2022

Role

Senior Equity Research Analyst & Fund Manager

Education

• MBA (Finance) - ICFAI Business School, Hyderabad • CFA - CFA Institute, • B -Tech (Chemical) - Punjab Technical University

Experience

Mr. Dikshit Mittal has overall 19 years of experience which consist of following: • Fund Manager - LIC Mutual Fund Asset Management Ltd. th (w.e.f. 6 Sept 2021) (Last position held Fund Manager - Equity & Senior Equity Research Analyst) • Senior Equity Research Analyst - LIC Mutual Fund Asset Management Ltd. (15th December 2020 onwards) • Equity Research Analyst - Subhkam Ventures Pvt. Limited. (November 2012 - December 2020) • Equity Research Analyst - SBI Capital Securities (July 2011 - October 2012) • Equity Research Analyst - Alchemy Shares and Stock Brokers (June 2009 - July 2011)

Funds managed (6)

All schemes Dikshit Mittal runs →

MBMahesh BendreManaging since 01 Sep 2026

Education

• PhD (Finance) - Indian Institute of Management Studies and Research, Pune • MBA (Finance) – Dept of Management Science Pune University (PUMBA), Pune B.E (Mechanical) – MIT, Pune

Experience

Mr. Mahesh Bendre has overall 19 years of experience which consist of following: • Fund Manager (Equity) - LIC Mutual Fund Asset Management Ltd. (with effect from 1st July 2024) • Senior Equity Analyst – LIC Mutual Fund (April 2024 – June 2024) • Principal Officer & Head – PMS- LIC Mutual Fund Asset Management Ltd. ( April 2023 till April 2024) • Senior Equity Analyst -LIC Mutual Fund Asset Management Ltd. (October 2022 till April 2023) • Senior Analyst IDBI Capital ( June 2021 till October 2022) • Investment Analyst- Vervene Asset Management (August 2020 till May 2021) • Equity Analyst Stewart & Mackertich ( December 2019 till March 2020) • Equity Analyst Karvy Inst. Equity (October 2017 till November 2019) • Equity Analyst -Way2wealth Inst. Equity (March 2015 till September 2017) • Equity Analyst – Quantum Securities (March 2012 – June 2014)

Funds managed (4)

All schemes Mahesh Bendre runs →

NKNikhil KapoorManaging since 01 Sep 2026

Role

Head Research & Fund Manager – Equity

Experience

• 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.

Explore from here

Fund managers

Dikshit Mittal Mahesh Bendre

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.Larsen & Toubro Ltd.Bharti Airtel Ltd.Axis Bank Ltd.State Bank of India Eternal Ltd.InterGlobe Aviation Ltd.The Indian Hotels Company Ltd.Bajaj Finance Ltd.SBI Life Insurance Company Ltd.Divi's Laboratories Ltd.

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.

Run SIP calculator Add to compare

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 Large Cap funds

Large cap funds invest mainly in India's 100 biggest listed companies. They tend to be steadier than mid- and small-cap funds, with more modest but more dependable growth.

Frequently asked questions

What is the NAV of LIC MF Large Cap Fund?

As of 01 Oct 2026, the NAV of LIC MF Large Cap Fund is ₹50.80 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Large Cap Fund delivered?

LIC MF Large Cap Fund has returned -8.47% over 1 year, +5.70% per year over 3 years, +4.38% per year over 5 years and +7.34% 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 Large Cap Fund?

LIC MF Large Cap Fund charges an expense ratio of 2.48% 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 Large Cap Fund?

LIC MF Large Cap Fund's largest holdings are ICICI Bank Ltd. (9.7%), HDFC Bank Ltd. (5.8%), Larsen & Toubro Ltd. (5.5%), Bharti Airtel Ltd. (4.3%) and Axis Bank Ltd. (4.1%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Large Cap Fund?

LIC MF Large Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.9% and its worst peak-to-trough fall in our sample was -64.6%. 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 -0.06 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Large Cap Fund's -0.06 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of LIC MF Large Cap Fund?

LIC MF Large Cap Fund is benchmarked against the NIFTY 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Large Cap Fund?

LIC MF Large Cap Fund is managed by Dikshit Mittal, Mahesh Bendre and Nikhil Kapoor at LIC.

How is LIC MF Large Cap Fund taxed?

LIC MF Large 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.