LIC MF Dividend Yield Fund
This is the Regular plan of LIC MF Dividend Yield 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.
Performance
Scorecard
★★★★☆4/5 vs 9 of 11 Dividend Yield 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 Dividend Yield Fund (same plan and option). 9 of the 11 Dividend Yield Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +15.95% · ranks 1 of 9 Dividend Yield Funds
Volatility 16.0% vs 13.6% category avg
2.4% expense vs 2.4% category avg
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
- Ahead of the Dividend Yield Fund average on 3M/6M/1Y — 1Y by 5.04pp
- 3-year return (+15.95%) beats the Dividend Yield Fund average (+9.79%)
- Stronger risk-adjusted returns — Sharpe 0.59 vs 0.24 Dividend Yield Fund average
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- More volatile than its Dividend Yield Fund peers (16.0% vs 13.6%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Dividend Yield Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.18% | -4.63% | +0.45% |
| 3M abs | -3.01% | -4.79% | +1.78% |
| 6M abs | +14.98% | +3.14% | +11.84% |
| 1Y CAGR | +1.78% | -3.26% | +5.04% |
| 3Y CAGR | +15.95% | +9.79% | +6.16% |
| 5Y CAGR | — | +10.83% | — |
Category average across peers in Dividend Yield Fund (up to 11 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 11 peers in Dividend Yield Fund
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 Dividend Yield 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 | +1.27% | -7.18% | +8.45% | |
| 2025 | +2.61% | +7.94% | -5.33% | |
| 2024 | +31.80% | +16.43% | +15.37% | |
| 2023part | +16.77% | — | — |
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.
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- Equity96.21%
- Cash & Equivalents3.76%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹675.68Cr 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
DMDikshit MittalManaging since 31 Jul 2023
Senior Equity Research Analyst & Fund Manager
• MBA (Finance) - ICFAI Business School, Hyderabad • CFA - CFA Institute, • B -Tech (Chemical) - Punjab Technical University
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)
SBSumit BhatnagarManaging since 01 Sep 2026
Fund Manager - Equity
• MBA (Finance) – Rotman School of Management, university of Toronto • CFA – CFA Institute, USA • MBA (Finance) – I.M.S., Devi Ahilya University, Indore • BBA – P.I.M.R, Devi Ahilya University, Indore
Mr. Sumit Bhatnagar has an overall experience of 25 years in financial markets. – • Fund Manager of (Equity) – LIC Mutual Fund Asset Management Limited (With – rd effect from 3 October 2023) • Fund Manager (Equity) – Indiabulls Asset – Management Co. Ltd. (May 2021 – June 2023) • Head – Equity - Indiabulls Asset Management Co. Ltd. (February 2009 – January 2019)
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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.
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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 Dividend Yield funds
Dividend yield funds favour companies that pay consistent, above-average dividends. They tend to tilt toward established, cash-generative businesses.
Frequently asked questions
What is the NAV of LIC MF Dividend Yield Fund?
As of 05 Oct 2026, the NAV of LIC MF Dividend Yield Fund is ₹31.41 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has LIC MF Dividend Yield Fund delivered?
LIC MF Dividend Yield Fund has returned +1.78% over 1 year, +15.95% per year over 3 years and +15.90% 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 Dividend Yield Fund?
LIC MF Dividend Yield Fund charges an expense ratio of 2.44% 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 Dividend Yield Fund?
LIC MF Dividend Yield Fund's largest holdings are Avalon Technologies Ltd. (4.6%), HDFC Bank Ltd. (4.6%), Garware Hi-Tech Films Ltd. (4.3%), ICICI Bank Ltd. (3.8%) and Tata Consultancy Services Ltd. (2.8%). Holdings are disclosed monthly and change over time.
How risky is LIC MF Dividend Yield Fund?
LIC MF Dividend Yield Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.0% and its worst peak-to-trough fall in our sample was -20.9%. 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 0.59 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Dividend Yield Fund's 0.59 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of LIC MF Dividend Yield Fund?
LIC MF Dividend Yield Fund is benchmarked against the NIFTY 500 - TRI. Its alpha and beta on this page are measured against that index.
Who manages LIC MF Dividend Yield Fund?
LIC MF Dividend Yield Fund is managed by Dikshit Mittal and Sumit Bhatnagar at LIC.
How is LIC MF Dividend Yield Fund taxed?
LIC MF Dividend Yield 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.