HybridDynamic Asset Allocation or Balanced AdvantageDirectGrowthHigh

LIC MF Balanced Advantage Fund

Q: What is the NAV of LIC MF Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of LIC MF Balanced Advantage Fund is ₹14.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Balanced Advantage Fund delivered?

LIC MF Balanced Advantage Fund has returned -0.04% over 1 year, +7.56% per year over 3 years and +7.83% 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 Balanced Advantage Fund?

LIC MF Balanced Advantage Fund charges an expense ratio of 1.43% 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 Balanced Advantage Fund?

LIC MF Balanced Advantage Fund's largest holdings are 7.43% Jamnagar Utilities & Power Pvt. Ltd. (7.5%), ICICI Bank Ltd. (5.6%), Navin Fluorine International Ltd. (3.7%), 7.18% Government of India (3.7%) and Sun Pharmaceutical Industries Ltd. (2.8%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.8% and its worst peak-to-trough fall in our sample was -9.4%. 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 0.12 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Balanced Advantage Fund's 0.12 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is managed by Mahesh Bendre and Rahul Singh at LIC.

Q: How is LIC MF Balanced Advantage Fund taxed?

LIC MF Balanced Advantage 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 Balanced Advantage Mutual Funds

NAV

₹14.47

-0.54% 1D

as of 01 Oct 2026

This is the Direct plan of LIC MF Balanced Advantage Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+0.70%CAGR

52-week rangePrev NAV ₹14.55

Latest ₹14.47

Low ₹13.4854th percentile of its 52-week rangeHigh ₹15.30

Scorecard

★★☆☆☆2/5 vs 30 of 36 Dynamic Asset Allocation or Balanced Advantage 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 Dynamic Asset Allocation or Balanced Advantage (same plan and option). 30 of the 36 Dynamic Asset Allocation or Balanced Advantage funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceBelow avg

3Y CAGR +7.56% · ranks 22 of 30 Dynamic Asset Allocation or Balanced Advantage funds

RiskModerate

Volatility 8.8% vs 8.4% category avg

CostHigh

1.4% expense vs 1.1% category avg

ConsistencyHigh

100% 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 100% of rolling 3-year windows

Concerns

3-year return (+7.56%) trails the Dynamic Asset Allocation or Balanced Advantage average (+8.68%)
Weaker risk-adjusted returns — Sharpe 0.12 below the Dynamic Asset Allocation or Balanced Advantage average of 0.27
High expense ratio (1.43%) vs the Dynamic Asset Allocation or Balanced Advantage average of 1.07%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.43%

Category 1.07%▲0.36%

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

32.34

Category 22.51▲9.83

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

0.12

Category 0.27▼0.15

Scheme Info

Definitions

Plan

Direct · 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 3 months from the date of allotment of units. • 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units • Nil, if redeemed or switched out after completion of 3 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 50 Hybrid Composite Debt 50:50 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.

15 Nov 2021

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.55%

Absolute return over the last 3 months (not annualized)

-0.69%

Absolute return over the last 6 months (not annualized)

+6.16%

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

-1.46%

Annualized returns (≥1Y — CAGR)

Definitions

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

-0.04%

3-year annualized return (CAGR)

+7.56%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+7.83%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.84%

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

0.12

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

0.17

Largest peak-to-trough decline over full history

-9.43%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

1.22%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.62

How much of the fund's movement Nifty 50 TRI explains

83.0%

Excess return per unit of beta (market risk)

2.04

Active return over the benchmark per unit of tracking error

0.24

Annualized std dev of fund-minus-benchmark returns

6.68%

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

69.5%

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

49.0%

Computed vs the Nifty 50 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 (Dynamic Asset Allocation or Balanced Advantage)

Period	Fund	Category avg.	Diff
1M abs	-4.55%	-3.52%	-1.03%
3M abs	-0.69%	-2.07%	+1.38%
6M abs	+6.16%	+4.60%	+1.56%
1Y CAGR	-0.04%	+0.38%	-0.42%
3Y CAGR	+7.56%	+8.68%	-1.12%
5Y CAGR	—	+8.46%	—

Category average across peers in Dynamic Asset Allocation or Balanced Advantage (up to 36 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 36 peers in Dynamic Asset Allocation or Balanced Advantage

1Y return

-0.04%

Beats 40% · rank #22

3Y return

+7.56%

Beats 27.6% · rank #22

5Y return

—

Sharpe

0.12

Beats 24.1% · rank #23

Sortino

0.17

Beats 24.1% · rank #23

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

₹3.60L

Current value

₹3.79L

Absolute

+5.28%

XIRR

+3.56%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into LIC MF Balanced Advantage 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 50 TRI	Diff
2026part	-1.46%	-12.85%	+11.39%
2025	+4.80%	+11.97%	-7.17%
2024	+13.92%	+10.16%	+3.76%
2023	+15.21%	+21.69%	-6.48%
2022	+7.27%	+5.68%	+1.59%
2021part	-0.66%	—	—

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.

Expense ratio down: 1.52% → 1.43%
02 Oct 2026

History points

1,203

Expense ratio

1.43%

AUM

₹676.75Cr

Portfolio turnover

87%

Exit load

P/E ratio

32.3

P/B ratio

8.1

Avg market cap

₹2,34,347Cr

P/E & P/B are portfolio-weighted harmonic means across 40 of 48 equity holdings (68% 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 · Dynamic Asset Allocation or Balanced Advantage

Compare all


LIC MF Balanced Advantage FundThis fund LIC · Direct · Growth	★★☆☆☆	-0.04%	+7.56%	—	32.34	1.43%	₹676.75Cr
quant Dynamic Asset Allocation Fund quant · Direct · Growth	★★★☆☆	-2.15%	+12.10%	—	29.52	1.54%	₹902.64Cr
WhiteOak Capital Balanced Advantage Fund WhiteOak Capital · Direct · Growth	★★★★☆	+1.92%	+11.00%	—	22.76	0.83%	₹2,152Cr
Aditya Birla Sun Life Balanced Advantage Fund Aditya Birla Sun Life · Direct · Growth	★★★★☆	+4.42%	+10.85%	+9.68%	22.83	0.89%	₹9,211Cr
Baroda BNP Paribas Balanced Advantage Fund Baroda BNP Paribas · Direct · Growth	★★★★☆	+3.08%	+10.75%	+10.29%	24.79	0.92%	₹4,798Cr
Axis Balanced Advantage Fund Axis · Direct · Growth	★★★★☆	+0.56%	+10.74%	+9.11%	21.11	1.07%	₹3,759Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap52.5%
Mid cap37.8%
Small cap9.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity78.12%
Debt17.69%
Cash & Equivalents4.18%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

ICICI Bank Ltd.

5.56%

Navin Fluorine International Ltd.

3.70%

Sun Pharmaceutical Industries Ltd.

2.76%

Larsen & Toubro Ltd.

2.49%

Solar Industries India Ltd.

2.41%

Shriram Finance Ltd.

2.39%

AU Small Finance Bank Ltd.

2.30%

Divi's Laboratories Ltd.

2.25%

Tata Consultancy Services Ltd.

2.21%

Bajaj Finance Ltd.

2.21%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
LIC MF Aggressive Hybrid Fund LIC · Aggressive Hybrid Fund	49.9% of 69% equity	★☆☆☆☆	1.82%	+11.17%
LIC MF Flexi Cap Fund LIC · Flexi Cap Fund	45.6%	★☆☆☆☆	1.80%	+9.85%
LIC MF Mid Cap Fund LIC · Mid Cap Fund	40.1%	★☆☆☆☆	1.99%	+14.54%
LIC MF Large Cap Fund LIC · Large Cap Fund	39.0%	★☆☆☆☆	1.37%	+6.90%
LIC MF Multi Asset Allocation Fund LIC · Multi Asset Allocation	38.3% of 69% equity	★☆☆☆☆	1.07%	—
LIC MF Large & Mid Cap Fund LIC · Large & Mid Cap Fund	38.1%	★★☆☆☆	1.45%	+11.86%
LIC MF Children's Fund LIC · Children’s Fund	37.8% of 82% equity	★★☆☆☆	2.10%	+8.39%
LIC MF Equity Savings Fund LIC · Equity Savings	36.6% of 68% equity	★☆☆☆☆	1.86%	+8.05%

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.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.97% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.97%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-9.4%27 Jun 2025 → 30 Mar 2026
Fell over 9 months, back to the old high on 03 Aug 2026 — 4 months under water after the low.
-8.3%16 Dec 2024 → 03 Mar 2025
Fell over 3 months, back to the old high on 12 May 2025 — 2 months under water after the low.
-6.6%17 Jan 2022 → 17 Jun 2022
Fell over 5 months, back to the old high on 29 Jul 2022 — 42 days 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

₹676.75Cr

April - June 2026

-4%

since January - March 2026

−₹10.62Cr

est. net flow, last quarter

At or near its largest, ₹708.62Cr 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

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 (5)

All schemes Mahesh Bendre runs →

RSRahul SinghManaging since 12 Nov 2021

Role

Senior Fund Manager – Debt

Education

• Bsc. Economics Hons., • PGDM (MBA) – IIM Ahmedabad debt

Experience

Around 21 years experience in Financial Services Industry • Senior Fund Manager, Fixed Income – LIC Mutual Fund (w.e.f. 17/05/2021) • Fund Manager, Fixed Income - LIC Mutual Fund (07/09/2015 16/05/2021) • Dealer - Fixed Income - BOI AXA Investment Managers (August 2009 August 2015) • Credit Analyst – ING Investment Management (May 2008 – August 2009) • Internship – Standard Chartered Bank (April 2007 – May 2007) • Research Analyst Ashika Capital (Jan 2004 to April 2006)

Funds managed (10)

All schemes Rahul Singh runs →

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

Mahesh Bendre Rahul Singh

Top holdings

ICICI Bank Ltd.Navin Fluorine International Ltd.Sun Pharmaceutical Industries Ltd.Larsen & Toubro Ltd.Solar Industries India Ltd.Shriram Finance Ltd.AU Small Finance Bank Ltd.Divi's Laboratories Ltd.Tata Consultancy Services Ltd.Bajaj Finance Ltd.Info Edge (India) Ltd.Coforge 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 Balanced Advantage funds

Balanced advantage (dynamic asset allocation) funds move between equity and debt based on market valuations, adding more stocks when they look cheap and trimming when they look dear. The goal is a smoother ride.

Frequently asked questions

What is the NAV of LIC MF Balanced Advantage Fund?

As of 01 Oct 2026, the NAV of LIC MF Balanced Advantage Fund is ₹14.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Balanced Advantage Fund delivered?

LIC MF Balanced Advantage Fund has returned -0.04% over 1 year, +7.56% per year over 3 years and +7.83% 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 Balanced Advantage Fund?

LIC MF Balanced Advantage Fund charges an expense ratio of 1.43% 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 Balanced Advantage Fund?

LIC MF Balanced Advantage Fund's largest holdings are 7.43% Jamnagar Utilities & Power Pvt. Ltd. (7.5%), ICICI Bank Ltd. (5.6%), Navin Fluorine International Ltd. (3.7%), 7.18% Government of India (3.7%) and Sun Pharmaceutical Industries Ltd. (2.8%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.8% and its worst peak-to-trough fall in our sample was -9.4%. 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 0.12 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Balanced Advantage Fund's 0.12 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is managed by Mahesh Bendre and Rahul Singh at LIC.

How is LIC MF Balanced Advantage Fund taxed?

LIC MF Balanced Advantage 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.