EquitySectoral/ ThematicRegularGrowthVery High

LIC MF Technology Fund

Q: What is the NAV of LIC MF Technology Fund?

As of 05 Oct 2026, the NAV of LIC MF Technology Fund is ₹10.82 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Technology Fund delivered?

LIC MF Technology Fund has returned +8.13% 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 Technology Fund?

LIC MF Technology Fund charges an expense ratio of 2.81% 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 Technology Fund?

LIC MF Technology Fund's largest holdings are Bharti Airtel Ltd. (8.8%), Infosys Ltd. (8.0%), Persistent Systems Ltd. (6.5%), Tata Consultancy Services Ltd. (5.3%) and Tech Mahindra Ltd. (5.2%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Technology Fund?

LIC MF Technology Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.6% and its worst peak-to-trough fall in our sample was -7.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of LIC MF Technology Fund?

LIC MF Technology Fund is benchmarked against the BSE TECk (TRI). Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Technology Fund?

LIC MF Technology Fund is managed by Sumit Bhatnagar and Siddharth Panjwani at LIC.

Q: How is LIC MF Technology Fund taxed?

LIC MF Technology 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 Sectoral & Thematic Mutual Funds

NAV

₹10.82

+0.96% 1D

as of 05 Oct 2026

This is the Regular plan of LIC MF Technology 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.

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Performance

+8.13%absolute

52-week rangePrev NAV ₹10.72

Latest ₹10.82

Low ₹9.9557th percentile of its 52-week rangeHigh ₹11.48

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 — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskLow

Volatility 12.6% vs 15.6% category avg

CostHigh

2.8% expense vs 2.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Sectoral/ Thematic peers (12.6% vs 15.6%)

Concerns

High expense ratio (2.81%) vs the Sectoral/ Thematic average of 2.46%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.81%

Category 2.46%▲0.35%

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

33.06

Category —

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

—

Category 0.36

Scheme Info

Definitions

Plan

Regular · Growth

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

None

1. If units of the Scheme are redeemed / switched-out within 90 days from the date of allotment: a. Upto 12% of the units: No exit load will be levied b. Above 12% of the units: exit load of 1% will be levied 2. If units of the Scheme are redeemed / switched-out after 90 days from the date of allotment: No exit load will be levied.

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

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

BSE TECk (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.

19 Mar 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.27%

Absolute return over the last 3 months (not annualized)

+2.28%

Absolute return over the last 6 months (not annualized)

+7.23%

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

+8.13%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

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.

+8.13%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.57%

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

—

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

—

Largest peak-to-trough decline over full history

-6.99%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty 500 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 (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-4.27%	-4.57%	+0.30%
3M abs	+2.28%	-2.64%	+4.92%
6M abs	+7.23%	+11.41%	-4.18%
1Y CAGR	—	+2.14%	—
3Y CAGR	—	+12.50%	—
5Y CAGR	—	+10.82%	—

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.

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

₹60.00K

Current value

₹60.04K

Absolute

+0.07%

XIRR

+0.33%

Value vs. invested

ValueInvested

6 monthly installments of ₹10,000 into LIC MF Technology Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

135

Expense ratio

2.81%

AUM

₹83.56Cr

Portfolio turnover

14%

Exit load

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

P/E ratio

33.1

P/B ratio

8.4

Avg market cap

₹2,56,828Cr

P/E & P/B are portfolio-weighted harmonic means across 25 of 32 equity holdings (84% 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 · Sectoral/ Thematic

Compare all


LIC MF Technology FundThis fund LIC · Regular · Growth	—	—	—	—	—	2.81%	₹83.56Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+125.07%	+61.55%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+19.02%	+34.59%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+24.17%	+28.28%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+31.28%	+23.90%	+8.86%	—	2.47%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Regular · Growth	★★★☆☆	+28.99%	+22.97%	+10.76%	—	2.50%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 97% of the equity sleeve priced.

Large cap50.0%
Mid cap34.6%
Small cap15.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity94.92%
Cash & Equivalents5.09%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
HDFC Nifty India Digital Index Fund HDFC · Index Funds	53.8%	★☆☆☆☆	0.39%	—
Kotak Technology Fund Kotak Mahindra · Sectoral/ Thematic	51.6%	★☆☆☆☆	1.12%	—
Invesco India Technology Fund Invesco · Sectoral/ Thematic	51.0%	★★☆☆☆	1.01%	—
Aditya Birla Sun Life Digital India Fund Aditya Birla Sun Life · Sectoral/ Thematic	48.1%	★★☆☆☆	1.07%	+3.51%
Tata Digital India Fund Tata · Sectoral/ Thematic	46.2%	★★☆☆☆	0.68%	+3.64%
HDFC Technology Fund HDFC · Sectoral/ Thematic	45.3%	★☆☆☆☆	1.08%	+5.07%
WhiteOak Capital Digital Bharat Fund WhiteOak Capital · Sectoral/ Thematic	43.0%	★☆☆☆☆	1.37%	—
ICICI Prudential Technology Fund ICICI Prudential · Sectoral/ Thematic	42.7%	★★☆☆☆	1.22%	+4.73%

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 — 2.17% 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 I2.17%

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.

-7.0%28 Aug 2026 → 30 Sep 2026
Still below that high — 33 days down, and no recovery yet.

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

₹83.56Cr

April - June 2026

+483%

since January - March 2026

At or near its largest, ₹83.56Cr 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.

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

SBSumit BhatnagarManaging since 07 Apr 2026

Role

Fund Manager - Equity

Education

• 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

Experience

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)

Funds managed (17)

All schemes Sumit Bhatnagar runs →

SPSiddharth PanjwaniManaging since 01 Jul 2026

Role

Fund Manager- Equity

Total experience

20+ years

Education

• CFA – CFA Institute, USA • MBA – Carnegie Mellon University Tepper School of Business B.E., Computer Science – VESIT, University of Mumbai

Experience

• Fund Manager - Equity – LIC Mutual Fund Asset Management Limited (w.e.f. 1st July 2026) • Proposed Fund Manager - Specialized Investment Fund (SIF) – LIC Mutual Fund Asset Management Limited (February 2026-Present) • Chief Investment Officer & SVP Growth – People Hum Technologies Pvt Ltd (March 2025- December 2025) • Senior Director – Strategic Projects – Engati Technologies Pvt Ltd (June 2022 - February 2025) • Senior Director – Strategic Projects – PiMonk Tech Pvt Ltd (July 2021 – May 2022) • Senior Director – Strategic Projects – Quinbay Technologies Pvt Ltd (March 2021 – June 2021) • Co-Founder & Chief Strategy Officer

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

Sumit Bhatnagar

Top holdings

Bharti Airtel Ltd.Infosys Ltd.Persistent Systems Ltd.Tata Consultancy Services Ltd.Tech Mahindra Ltd.Eternal Ltd.One 97 Communications Ltd.Rategain Travel Technologies Ltd.Oracle Financial Services Software Ltd.Coforge Ltd.Mphasis Ltd.Delhivery 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 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.

Frequently asked questions

What is the NAV of LIC MF Technology Fund?

As of 05 Oct 2026, the NAV of LIC MF Technology Fund is ₹10.82 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Technology Fund delivered?

LIC MF Technology Fund has returned +8.13% 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 Technology Fund?

LIC MF Technology Fund charges an expense ratio of 2.81% 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 Technology Fund?

LIC MF Technology Fund's largest holdings are Bharti Airtel Ltd. (8.8%), Infosys Ltd. (8.0%), Persistent Systems Ltd. (6.5%), Tata Consultancy Services Ltd. (5.3%) and Tech Mahindra Ltd. (5.2%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Technology Fund?

LIC MF Technology Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.6% and its worst peak-to-trough fall in our sample was -7.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of LIC MF Technology Fund?

LIC MF Technology Fund is benchmarked against the BSE TECk (TRI). Its alpha and beta on this page are measured against that index.

Who manages LIC MF Technology Fund?

LIC MF Technology Fund is managed by Sumit Bhatnagar and Siddharth Panjwani at LIC.

How is LIC MF Technology Fund taxed?

LIC MF Technology 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.