EquityMid Cap FundRegularIDCWVery High

LIC MF Mid Cap Fund

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

As of 01 Oct 2026, the NAV of LIC MF Mid Cap Fund is ₹27.65 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

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

LIC MF Mid Cap Fund has returned +2.47% over 1 year, +13.36% per year over 3 years and +14.30% 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 Mid Cap Fund?

LIC MF Mid Cap Fund charges an expense ratio of 3.08% 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 Mid Cap Fund?

LIC MF Mid Cap Fund's largest holdings are Info Edge (India) Ltd. (4.3%), Coforge Ltd. (3.5%), The Federal Bank Ltd. (3.3%), Garware Hi-Tech Films Ltd. (3.1%) and Motilal Oswal Financial Services Ltd. (2.9%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Mid Cap Fund?

LIC MF Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.8% and its worst peak-to-trough fall in our sample was -21.9%. 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 0.41 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Mid Cap Fund's 0.41 means it has rewarded its volatility with excess return. Higher is better.

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

LIC MF Mid Cap Fund is benchmarked against the NIFTY Midcap 150 - TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Mid Cap Fund?

LIC MF Mid Cap Fund is managed by Sudhanshu Asthana at LIC.

Q: How is LIC MF Mid Cap Fund taxed?

LIC MF Mid 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 Mid Cap Mutual Funds

NAV

₹27.65

-0.62% 1D

as of 01 Oct 2026

This is the Regular plan of LIC MF Mid Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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Performance

+3.55%CAGR

52-week rangePrev NAV ₹27.82

Latest ₹27.65

Low ₹23.5566th percentile of its 52-week rangeHigh ₹29.77

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 Mid Cap Fund peers to rank yet

Risk—

Volatility 16.8% (no category average yet)

Cost—

3.1% expense (no category average yet)

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

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

3.08%

Category —

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

39.04

Category —

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

0.41

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

None

Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY Midcap 150 - 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 Jul 2023

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.39%

Absolute return over the last 3 months (not annualized)

-2.41%

Absolute return over the last 6 months (not annualized)

+14.19%

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

+0.87%

Annualized returns (≥1Y — CAGR)

Definitions

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

+2.47%

3-year annualized return (CAGR)

+13.36%

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.

+14.30%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.78%

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

0.41

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

0.56

Largest peak-to-trough decline over full history

-21.92%

Benchmark ratios (vs Nifty Midcap 150 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Midcap 150 TRI

-0.26%

Sensitivity to Nifty Midcap 150 TRI moves; 1 = moves with the index

1.02

How much of the fund's movement Nifty Midcap 150 TRI explains

94.2%

Excess return per unit of beta (market risk)

7.00

Active return over the benchmark per unit of tracking error

-0.07

Annualized std dev of fund-minus-benchmark returns

4.70%

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

99.7%

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

100.9%

Computed vs the Nifty Midcap 150 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 (Mid Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-6.39%	—	—
3M abs	-2.41%	—	—
6M abs	+14.19%	—	—
1Y CAGR	+2.47%	—	—
3Y CAGR	+13.36%	—	—
5Y CAGR	—	—	—

Category average across peers in Mid Cap Fund, 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

₹3.60L

Current value

₹3.88L

Absolute

+7.87%

XIRR

+5.26%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into LIC MF Mid 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 Midcap 150 TRI	Diff
2026part	+0.87%	-1.81%	+2.68%
2025	-1.25%	+6.24%	-7.49%
2024	+29.06%	+24.74%	+4.32%
2023part	+18.84%	—	—

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 up: 2.86% → 3.08%
02 Oct 2026

History points

781

Expense ratio

3.08%

AUM

₹350.29Cr

Portfolio turnover

64%

Exit load

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

P/E ratio

39.0

P/B ratio

7.6

Avg market cap

₹68,788Cr

P/E & P/B are portfolio-weighted harmonic means across 43 of 51 equity holdings (85% 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 · Mid Cap Fund

Compare all


LIC MF Mid Cap FundThis fund LIC · Regular · IDCW	—	+2.47%	+13.36%	—	—	3.08%	₹350.29Cr
WhiteOak Capital Mid Cap Fund WhiteOak Capital · Regular · IDCW	—	+9.32%	+18.33%	—	—	2.24%	₹5,514Cr
Edelweiss Mid Cap Fund Edelweiss · Regular · IDCW	—	+3.21%	+17.41%	+14.07%	—	1.87%	₹16,310Cr
JM Mid Cap Fund JM Financial · Regular · IDCW	—	+6.42%	+15.63%	—	—	2.44%	—
Kotak Mid Cap Fund Kotak Mahindra · Regular · IDCW	—	+0.34%	+14.28%	+14.14%	—	—	—
Union Midcap Fund Union · Regular · IDCW	—	+4.90%	+13.80%	+12.67%	—	2.39%	₹1,736Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 98% of the equity sleeve priced.

Large cap17.1%
Mid cap63.2%
Small cap19.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.17%
Cash & Equivalents1.82%

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 Balanced Advantage Fund LIC · Dynamic Asset Allocation or Balanced Advantage	40.1% of 78% equity	★★☆☆☆	1.43%	+7.56%
Union Midcap Fund Union · Mid Cap Fund	37.0%	★★★☆☆	1.09%	+15.40%
DSP Midcap Fund DSP · Mid Cap Fund	36.4%	★★☆☆☆	0.84%	+12.38%
Axis Midcap Fund Axis · Mid Cap Fund	34.9%	★★★☆☆	0.83%	+15.07%
Bandhan Mid Cap Fund Bandhan · Mid Cap Fund	34.3%	★★★☆☆	0.76%	+16.75%
Canara Robeco Mid Cap Fund Canara Robeco · Mid Cap Fund	32.4%	★★★☆☆	0.88%	+15.92%
Edelweiss Mid Cap Fund Edelweiss · Mid Cap Fund	32.2%	★★★★★	0.68%	+18.95%

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 — 1.38% 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 I1.38%

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.

-21.9%24 Sep 2024 → 07 Apr 2025
Fell over 6 months, back to the old high on 10 Aug 2026 — 16 months under water after the low.
-7.1%28 Aug 2026 → 01 Oct 2026
Still below that high — 34 days down, and no recovery yet.
-6.4%03 Jun 2024 → 04 Jun 2024
Fell over 1 day, back to the old high on 07 Jun 2024 — 3 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

₹350.29Cr

April - June 2026

+6%

since January - March 2026

+₹15.49Cr

est. net flow, last quarter

At or near its largest, ₹350.29Cr in April - June 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

SASudhanshu AsthanaManaging since 01 Sep 2026

Role

Chief Investment Officer Equity

Total experience

26 years

Education

• Diploma In Investment - Management, NMIMS Mumbai • M.A. Economics, Mumbai University

Experience

+ • 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)

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

Top holdings

Info Edge (India) Ltd.Coforge Ltd.The Federal Bank Ltd.Garware Hi-Tech Films Ltd.Motilal Oswal Financial Services Ltd.Persistent Systems Ltd.One 97 Communications Ltd.UNO Minda Ltd.Thermax Ltd.Multi Commodity Exchange Of India Ltd.Hitachi Energy India Ltd.Solar Industries India 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.

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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 Mid Cap funds

Mid cap funds invest in the 101st–250th largest companies. They can grow faster than large caps but fall harder in downturns — a higher-risk, higher-reward slice of the market.

Frequently asked questions

What is the NAV of LIC MF Mid Cap Fund?

As of 01 Oct 2026, the NAV of LIC MF Mid Cap Fund is ₹27.65 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Mid Cap Fund delivered?

LIC MF Mid Cap Fund has returned +2.47% over 1 year, +13.36% per year over 3 years and +14.30% 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 Mid Cap Fund?

LIC MF Mid Cap Fund charges an expense ratio of 3.08% 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 Mid Cap Fund?

LIC MF Mid Cap Fund's largest holdings are Info Edge (India) Ltd. (4.3%), Coforge Ltd. (3.5%), The Federal Bank Ltd. (3.3%), Garware Hi-Tech Films Ltd. (3.1%) and Motilal Oswal Financial Services Ltd. (2.9%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Mid Cap Fund?

LIC MF Mid Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.8% and its worst peak-to-trough fall in our sample was -21.9%. 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 0.41 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Mid Cap Fund's 0.41 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of LIC MF Mid Cap Fund?

LIC MF Mid Cap Fund is benchmarked against the NIFTY Midcap 150 - TRI. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Mid Cap Fund?

LIC MF Mid Cap Fund is managed by Sudhanshu Asthana at LIC.

How is LIC MF Mid Cap Fund taxed?

LIC MF Mid 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.