LIC MF Large Cap Fund Direct Growth

LIC MF Large Cap Fund Direct Growth

Equity

Direct

Large-Cap

NAV as on 04-12-2024

₹ 63.09

0.2%

1D

Inception Returns

13.9%

/yr

About LIC MF Large Cap Fund Direct Growth

LIC MF Large Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sumit Bhatnagar, Nikhil Rungta. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Large Cap Fund Direct Growth has ₹1467 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 1.

Returns

LIC MF Large Cap Fund Direct Growth has given a CAGR return of 13.86% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.48%, 12.33% and 15.60% respectively.

Holdings

LIC MF Large Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Defensive, Consumer Cyclical, Tech, Energy, Utilities, Basic Materials, Communication, Health, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Larsen & Toubro Ltd

Taxation

As it is a large-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of LIC MF Large Cap Fund Direct Growth

To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Large Cap Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
263 people have invested ₹ 41L in LIC MF Large Cap Fund Direct Growth in the last three months

INDmoney Rank for LIC MF Large Cap Fund Direct Growth

Powered by IND quant engine
16
/19
21% Performance
44% Risk Management
26% Cost
16 out of 19 among large-cap
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Beats FD returns for both 3Y & 5Y
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Higher probablity of downside risk
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Underperforms benchmarks during bull run
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5Y returns in the bottom 25% of the category

LIC MF Large Cap Fund Direct Growth Overview

Expense ratio1.01%
Benchmark
S&P BSE 100 India TR INR
AUM₹1467 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹200
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
76.46%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (04-Dec-24)

Period
LIC MF Large Cap Fund Direct Growth
Nifty 100
large-cap
1M
3.2%
2.3%
2.6%
3M
-2.4%
-3.2%
-2.6%
6M
14.6%
11.8%
13%
1Y
24.5%
22.5%
25.1%
3Y
12.3%
13.3%
15.2%
5Y
15.6%
15.9%
17.2%

Fund Distribution

as on (31-Oct-24)

  • Equity 98.2%

  • Debt & Cash 1.8%

Large cap
82.5%

Small cap
11.4%

Mid cap
2.7%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
26.5%
Industrial
14.5%
Consumer Defensive
12.5%
Consumer Cyclical
12.2%
Tech
8%
Energy
8%
Utilities
6.5%
Basic Materials
4.4%
Communication
3.6%
Health
3.3%
Real Estate
0.4%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.22%
1.61%
1.41%
Nifty 100
-6.79%
2.11%
0.83%
  • This fund’s returns stands at -6.22% whereas the fund’s underlying benchmark Nifty 100 returns stands at -6.79% as on Oct'24
  • This fund outperformed Nifty 100 by 0.57% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 1.5K Cr
₹ 1.6K Cr
₹ 1.6K Cr
  • AUM of the fund stands at 1.5K Cr as of Oct'24
  • AUM decreased by 121.5 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 4.27% to 6.61%
ICICI Bank Ltd's allocation increased from 4.27% to 6.61%
State Bank of India's allocation increased from 1.69% to 3.31%
State Bank of India's allocation increased from 1.69% to 3.31%
Infosys Ltd's allocation increased from 4.24% to 4.94%
Infosys Ltd's allocation increased from 4.24% to 4.94%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 6.94 % to 6.25 %
Reliance Industries Ltd's allocation decreased from 6.94 % to 6.25 %
Larsen & Toubro Ltd's allocation decreased from 4.49 % to 3.78 %
Larsen & Toubro Ltd's allocation decreased from 4.49 % to 3.78 %
Maruti Suzuki India Ltd's allocation decreased from 4.02 % to 3.6 %
Maruti Suzuki India Ltd's allocation decreased from 4.02 % to 3.6 %
Small Cap allocation has gone down from 12.9% to 11.4%
Small Cap allocation has gone down from 12.9% to 11.4%
Mid Cap allocation has gone up from 2.3% to 2.7%
Mid Cap allocation has gone up from 2.3% to 2.7%
Large Cap allocation has gone up from 81.7% to 82.5%
Large Cap allocation has gone up from 81.7% to 82.5%
Cash allocation has gone up from 1.5% to 1.8%
Cash allocation has gone up from 1.5% to 1.8%

Top 3 Sectors in October were Financial Services, Consumer Defensive & Consumer Cyclical

Oct'24
Financial Services
27%
Industrial
15%
Consumer Defensive
13%
Sep'24
Financial Services
24%
Consumer Defensive
14%
Consumer Cyclical
13%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
57
60
61
Top 5 Company Concentration
31.8%
29.4%
29%
Company having highest exposure
HDFC Bank Ltd (10.2%)
HDFC Bank Ltd (9.5%)
HDFC Bank Ltd (9%)
No of Sectors
11
11
10
Top 5 Sectors Concentration
73.8%
73.7%
74.3%
Sector having highest exposure
Financial Services (26.5%)
Financial Services (24.1%)
Financial Services (24.6%)
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Sumit Bhatnagar
Sumit Bhatnagar
Fund Manager of LIC MF Large Cap Fund Direct Growth, since 3 October 2023
Nikhil Rungta
Nikhil Rungta
Fund Manager of LIC MF Large Cap Fund Direct Growth, since 1 July 2024
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹27.84K Cr
as on 31-Oct-2024
Address
LIC Mutual Fund Asset Management Limited,4th Floor, Industrial Assurance Building,,Opp. Churchgate Station,
Phone
+91022-66016000
Website
licmfamc@licmutual.com

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has increased expense ratio by 34.7% moving from 0.75 to 1.01.
Insights icon
In the last 5 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 21.36% return, outperforming this fund by 5.76% per annum.
Insights icon
In the last 1 year, Invesco India largecap Fund Direct Plan Growth has given 33.09% return, outperforming this fund by 8.61%.
Insights icon
Over the last 1 month, this fund has experienced a 7.6% drop in AUM moving from 1.58K Cr to 1.46K Cr.
Insights icon
In the last 3 years, Nippon India Large Cap Fund - Direct Plan - Growth Plan has given 22.7% return, outperforming this fund by 10.37% per annum.

LIC MF Large Cap Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.86% since inception which is more than its category average return of 13.76%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.18% in Equity, 0% in Debt and 1.82% in Cash related instruments
AUM size ₹1467 Cr

AUM size ₹1467 Cr

This fund has AUM of ₹1467 Cr which is less than its category average of ₹ 6984 Cr
Expense Ratio 1.01%

Expense Ratio 1.01%

This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.3%

Frequently Asked Questions for LIC MF Large Cap Fund Direct Growth

The current NAV of LIC MF Large Cap Fund Direct Growth is ₹63.09 as on 04-Dec-2024.
Existing (Absolute + CAGR) as on 04-Dec-2024.
LIC MF Large Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.21%
3.21%
6 Month Returns
14.56%
14.56%
1 Year Returns
24.48%
24.48%
3 Years Returns
41.74%
12.33%
5 Years Returns
106.48%
15.6%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.01% as on November 2024
₹1467 Cr as on November 2024
HDFC Bank Ltd(10.18%), ICICI Bank Ltd(6.61%), Reliance Industries Ltd(6.25%), Infosys Ltd(4.94%), Larsen & Toubro Ltd(3.78%) as on November 2024
Financial Services(26.06%), Industrial(14.25%), Consumer Defensive(12.3%) as on November 2024
The alpha ratio for the LIC MF Large Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF Large Cap Fund Direct Growth
1.56
-1.66
-0.23
As on November 2024
The alpha for LIC MF Large Cap Fund Direct Growth is calculated against S&P BSE 100 India 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 Large Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF Large Cap Fund Direct Growth
0.93
0.93
0.88
As on November 2024
The Beta for LIC MF Large Cap Fund Direct Growth is calculated with S&P BSE 100 India 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 Large Cap 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 Large Cap Fund Direct Growth
1.41
0.49
0.62
As on November 2024
The sharpe ratio for LIC MF Large Cap Fund Direct Growth is calculated with S&P BSE 100 India 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 Large Cap 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 Large Cap Fund Direct Growth
12.19
12.58
16.99
As on November 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 0.81 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Sumit Bhatnagar, Nikhil Rungta are the fund managers of LIC MF Large Cap Fund Direct Growth
The Exit load of LIC MF Large Cap Fund Direct Growth is 1%