LIC MF Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV: ₹ 26.33 as on 18-04-2024
Fund Performance
86 people have invested ₹ 6.3L in LIC MF Midcap Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 32.51% return, outperforming this fund by 14.59% per annum.
Over the last 1 year, this fund has decreased expense ratio by 4.3% moving from 1.64 to 1.57.
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 68.88% return, outperforming this fund by 19.83%.
In the last 3 years, Quant Mid Cap Fund Growth Option Direct Plan has given 37.68% return, outperforming this fund by 17.49% per annum.
INDmoney Rank of LIC MF Midcap Fund Direct Growth
Powered by IND quant engine
19
/19
28% Performance
21% Risk Management
0% Cost
19 out of 19 among mid-cap
Pros
Beats FD returns for both 3Y & 5Y
Cons
Has not generated consistent returns
Does not beat the benchmark consistently
Higher probablity of downside risk
About the LIC MF Midcap Fund Direct Growth
LIC MF Midcap Fund Direct Growth is an equity fund. This fund was started on 25 January, 2017. The fund is managed by Karan Doshi. The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Midcap Fund Direct Growth has ₹242 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 1.6.
LIC MF Midcap Fund Direct Growth Overview
 | 1.57% |
 Benchmark | S&P BSE Midcap TR INR |
 | ₹242 Cr |
 | 25 January, 2017 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 559.26% |
LIC MF Midcap Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Mid cap
64.3%
Large cap
22.2%
Small cap
10.3%
Sector Allocation
Consumer Cyclical
31.5%
Industrial
20.6%
Financial Services
20.1%
Basic Materials
14.3%
Tech
4.5%
Health
2.7%
Utilities
2.4%
Real Estate
2.1%
Communication
2%
Top Holdings of LIC MF Midcap Fund Direct Growth as on (31-Mar-24)
Equity Holdings54
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Trent Ltd | 3.79% | -10.3% | |
 UNO Minda Ltd | 3.65% | 0% | |
 ICICI Bank Ltd | 3.12% | -7.4% | |
 Bharat Electronics Ltd | 2.77% | -8.3% | |
 PI Industries Ltd | 2.76% | 0% |
See all
LIC MF Midcap Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.18% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -1.16% as on Mar'24
- This fund outperformed Nifty Midcap 150 by 0.98% in Mar'24
AUM Change
- AUM of the fund stands at 242.6 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in LIC MF Midcap Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Torrent Power Ltd | 39.2% |
 Zomato Ltd | 29.2% |
 Oberoi Realty Ltd | 15.4% |
Top Losers | 1M Return |
|---|---|
 Coforge Ltd | -9% |
 Container Corporation Of India Ltd | 9.8% |
 Swan Energy Ltd | 37.4% |
Peer Analysis
LIC MF Midcap Fund Direct Growth Fund Manager
Karan Doshi
Fund Manager of LIC MF Midcap Fund Direct Growth, since 31 July 2023
Top funds managed
LIC MF Midcap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.4% since inception which is less than its category average return of 18.76%
Fund Allocations
This fund has an allocation of 96.81% in Equity, 0% in Debt and 3.19% in Cash related instruments
AUM size ₹242 Cr
This fund has AUM of ₹242 Cr which is less than its category average of ₹ 7349 Cr
Expense Ratio 1.57%
This fund has an expense ratio of 1.57% which is more than its category average expense ratio of 1.39%
Frequently Asked Questions
The current NAV of LIC MF Midcap Fund Direct Growth is ₹26.33 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
LIC MF Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.17% | 6.17% |
6 Month Returns | 18.03% | 18.03% |
1 Year Returns | 49.05% | 49.05% |
3 Years Returns | 73.63% | 20.19% |
5 Years Returns | 128.01% | 17.92% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.57% as on March 2024
₹242 Cr as on March 2024
Trent Ltd(3.79%), UNO Minda Ltd(3.65%), ICICI Bank Ltd(3.12%), Bharat Electronics Ltd(2.77%), PI Industries Ltd(2.76%) as on March 2024
Consumer Cyclical(30.45%), Industrial(19.91%), Financial Services(19.49%) as on March 2024
The alpha ratio for the LIC MF Midcap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Midcap Fund Direct Growth | 1.28 | -5 | -3.56 |
As on March 2024
The alpha for LIC MF Midcap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the LIC MF Midcap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF Midcap Fund Direct Growth | 0.83 | 0.94 | 0.92 |
As on March 2024
The Beta for LIC MF Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the LIC MF Midcap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
LIC MF Midcap Fund Direct Growth | 2.98 | 0.91 | 0.65 |
As on March 2024
The sharpe ratio for LIC MF Midcap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the LIC MF Midcap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
LIC MF Midcap Fund Direct Growth | 11.63 | 14.52 | 20.82 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.7 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Karan Doshi is the fund manager of LIC MF Midcap Fund Direct Growth
The Exit load of LIC MF Midcap Fund Direct Growth is 1%