This is the Direct plan of LIC MF Value Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
Performance
Scorecard
Not ratedHow 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.
Not enough Value Fund peers to rank yet
Volatility 17.3% (no category average yet)
1.8% expense (no category average yet)
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
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Value Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.94% | — | — |
| 3M abs | +2.09% | — | — |
| 6M abs | +22.98% | — | — |
| 1Y CAGR | +19.61% | — | — |
| 3Y CAGR | +16.75% | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Value 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.
36 monthly installments of ₹10,000 into LIC MF Value 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 | +16.74% | -7.18% | +23.92% | |
| 2025 | -5.74% | +7.94% | -13.68% | |
| 2024 | +30.31% | +16.43% | +13.88% | |
| 2023part | +14.77% | — | — |
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.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio down: 1.86% → 1.78%02 Oct 2026
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- Equity94.48%
- Cash & Equivalents5.52%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹212.81Cr 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.
Fund Managers
MBMahesh BendreManaging since 01 Jul 2024
• 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
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)
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
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.
LIC MF Short Term Fund Regular-IDCW
The Economic Times · 4d ago
LIC MF ELSS Tax Saver Fund
ClearTax · 5d ago
Relief to LIC Mutual Fund: ITAT Sets Aside PCIT's Section 263 Order for Non-speaking Order [Read Order]
Taxscan · 5d ago
LIC Mutual Fund appoints Ashis Kumar as MD & CEO, sets focus on product expansion, distribution and technology
Fortune India · 6d ago
LIC Mutual Fund appoints Ashis Kumar as MD & CEO
People Matters - HR News · 6d ago
LIC Mutual Fund announces appointment of Ashis Kumar as Managing Director and CEO
The Economic Times · 6d ago
LIC Mutual Fund appoints Ashis Kumar as MD and CEO
afaqs! · 6d ago
LIC Mutual Fund appoints Ashis Kumar as Managing Director and CEO
Moneycontrol.com · 6d ago
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 Value funds
Value funds look for stocks trading below what the manager thinks they're worth. The style can lag for long stretches and then catch up quickly, so it rewards patience.
Frequently asked questions
What is the NAV of LIC MF Value Fund?
As of 01 Oct 2026, the NAV of LIC MF Value Fund is ₹30.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has LIC MF Value Fund delivered?
LIC MF Value Fund has returned +19.61% over 1 year, +16.75% per year over 3 years and +17.01% 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 Value Fund?
LIC MF Value Fund charges an expense ratio of 1.78% 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 Value Fund?
LIC MF Value Fund's largest holdings are Tata Motors Passenger Vehicles Ltd. (6.1%), INDO-MIM Ltd. (5.2%), Gabriel India Ltd. (3.3%), Tenneco Clean Air India Ltd. (3.3%) and Foseco India Ltd. (3.0%). Holdings are disclosed monthly and change over time.
How risky is LIC MF Value Fund?
LIC MF Value Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.3% and its worst peak-to-trough fall in our sample was -25.2%. 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 0.59 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Value Fund's 0.59 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of LIC MF Value Fund?
LIC MF Value Fund is benchmarked against the NIFTY 500 - TRI. Its alpha and beta on this page are measured against that index.
Who manages LIC MF Value Fund?
LIC MF Value Fund is managed by Mahesh Bendre at LIC.
How is LIC MF Value Fund taxed?
LIC MF Value 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.