LIC MF Healthcare Fund
This is the Direct plan of LIC MF Healthcare 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.
Performance
Scorecard
★★★★★5/5 vs 142 of 255 Sectoral/ Thematic 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 Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +21.38% · ranks 14 of 142 Sectoral/ Thematic funds
Volatility 14.1% vs 15.7% category avg
1.4% expense vs 1.3% 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 Sectoral/ Thematic average on 3M/6M/1Y — 1Y by 10.02pp
- 3-year return (+21.38%) beats the Sectoral/ Thematic average (+13.75%)
- Ranks #35 of 229 on 1-year return in its Sectoral/ Thematic cohort
- Stronger risk-adjusted returns — Sharpe 1.06 vs 0.44 Sectoral/ Thematic average
- Less volatile than its Sectoral/ Thematic peers (14.1% vs 15.7%)
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 (Sectoral/ Thematic)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.25% | -4.47% | +0.22% |
| 3M abs | +1.13% | -2.34% | +3.47% |
| 6M abs | +21.90% | +12.03% | +9.87% |
| 1Y CAGR | +13.36% | +3.34% | +10.02% |
| 3Y CAGR | +21.38% | +13.75% | +7.63% |
| 5Y CAGR | — | +12.04% | — |
Category average across peers in Sectoral/ Thematic (up to 255 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 255 peers in Sectoral/ Thematic
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 Healthcare 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 | +13.22% | -7.18% | +20.40% | |
| 2025 | -3.21% | +7.94% | -11.15% | |
| 2024 | +43.90% | +16.43% | +27.47% | |
| 2023part | +13.25% | — | — |
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 Dhaval Sangoi11 Sep 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- Equity98.50%
- Cash & Equivalents1.48%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹86.65Cr 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
SASudhanshu AsthanaManaging since 07 Apr 2026
Chief Investment Officer Equity
26 years
• Diploma In Investment - Management, NMIMS Mumbai • M.A. Economics, Mumbai University
+ • 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)
DSDhaval SangoiManaging since 01 Sep 2026
Assistant Fund Manager & Equity Research Analyst st
12+ years
• Assistant Fund Manager and Equity Research Analyst – LIC Mutual Fund Asset Management th Limited (w.e.f. 17 August 2026) • Equity Research Analyst – Canara HSBC Life Insurance Company Limited (July 2024 – August 2026) • Vice President – Equity Research, Credit Suisse Business Analytics (India) Private Limited (October 2015 – July 2024) New Fund Manager(s) Dikshit Mittal Mahesh Bendre Nikhil Kapoor Dikshit Mittal Sudhanshu Asthana Dikshit Mittal Sumit Bhatnagar Sudhanshu Asthana Dhaval Sangoi Sd/- Authorized Signatory New Fund Manager Mr. Sudhanshu Asthana Mr. Mahesh Bendre Mr. Siddharth Panjwani Sd
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.
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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 Sectoral & Thematic funds
Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.
From the blog
Frequently asked questions
What is the NAV of LIC MF Healthcare Fund?
As of 05 Oct 2026, the NAV of LIC MF Healthcare Fund is ₹36.18 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has LIC MF Healthcare Fund delivered?
LIC MF Healthcare Fund has returned +13.36% over 1 year, +21.38% per year over 3 years and +19.99% 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 Healthcare Fund?
LIC MF Healthcare Fund charges an expense ratio of 1.38% 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 Healthcare Fund?
LIC MF Healthcare Fund's largest holdings are Sun Pharmaceutical Industries Ltd. (10.1%), Divi's Laboratories Ltd. (9.3%), Torrent Pharmaceuticals Ltd. (6.5%), Neuland Laboratories Ltd. (6.4%) and Apollo Hospitals Enterprise Ltd. (6.2%). Holdings are disclosed monthly and change over time.
How risky is LIC MF Healthcare Fund?
LIC MF Healthcare Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 14.1% and its worst peak-to-trough fall in our sample was -15.1%. 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 1.06 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Healthcare Fund's 1.06 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of LIC MF Healthcare Fund?
LIC MF Healthcare Fund is benchmarked against the BSE Healthcare - TRI. Its alpha and beta on this page are measured against that index.
Who manages LIC MF Healthcare Fund?
LIC MF Healthcare Fund is managed by Sudhanshu Asthana and Dhaval Sangoi at LIC.
How is LIC MF Healthcare Fund taxed?
LIC MF Healthcare 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.