LIC MF Large & Mid Cap Fund Direct Growth

Equity
Direct
Large & Mid-Cap
LIC MF Large & Mid Cap Fund Direct Growth

About the Fund

LIC MF Large & Mid Cap Fund Direct Growth is an equity fund. This fund was started on 25 February, 2015. The fund is managed by Yogesh Patil. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Large & Mid Cap Fund Direct Growth has ₹3001 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

LIC MF Large & Mid Cap Fund Direct Growth has given a CAGR return of 16.86% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 47.69%, 22.15% and 23.09% respectively.

Holdings

LIC MF Large & Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Tech, Health, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Shakti Pumps (India) Ltd, Trent Ltd, REC Ltd

Taxation

As it is a large & mid-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 & Mid Cap Fund Direct Growth

To generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. LIC MF Large & Mid Cap Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
593 people have invested ₹ 54.2L in LIC MF Large & Mid Cap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
11
/21
59% Performance
43% Risk Management
76% Cost
11 out of 21 among large & mid-cap
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Fund Overview

Expense ratio0.61%
Benchmark
S&P BSE 200 India TR INR
AUM₹3001 Cr
Inception Date25 February, 2015
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
46.39%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 96.5%

  • Debt & Cash 3.5%

Large cap
40.6%

Mid cap
35.1%

Small cap
20.3%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
27.6%
Industrial
24%
Consumer Cyclical
21.7%
Basic Materials
9.2%
Tech
4.4%
Health
3.9%
Consumer Defensive
3.8%
Energy
2.3%
Utilities
1.4%
Communication
1%
Real Estate
0.5%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Yogesh Patil
Yogesh Patil
Fund Manager of LIC MF Large & Mid Cap Fund Direct Growth, since 18 September 2020

Mutual Fund Insights

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Over the last 3 months, this fund has increased expense ratio by 32.6% moving from 0.46 to 0.61.
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Over the last 3 months, this fund has experienced a 17.6% growth in AUM moving from 2.55K Cr to 3.00K Cr.
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This fund has one of the lowest expense ratio in the category (large & mid-cap). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.2%.
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In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 31.2% return, outperforming this fund by 9.05% per annum.
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In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 62.9% return, outperforming this fund by 15.21%.
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In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 30.89% return, outperforming this fund by 7.8% per annum.

LIC MF Large & Mid 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 16.86% since inception which is less than its category average return of 17.86%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.55% in Equity, 0% in Debt and 3.45% in Cash related instruments
AUM size ₹3001 Cr

AUM size ₹3001 Cr

This fund has AUM of ₹3001 Cr which is less than its category average of ₹ 7161 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.38%

Frequently Asked Questions

The current NAV of LIC MF Large & Mid Cap Fund Direct Growth is ₹43.24 as on 19-Jul-2024.
Existing (Absolute + CAGR) as on 19-Jul-2024.
LIC MF Large & Mid Cap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.36%
2.36%
6 Month Returns
23.89%
23.89%
1 Year Returns
47.69%
47.69%
3 Years Returns
82.27%
22.15%
5 Years Returns
182.57%
23.09%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • 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.
0.61% as on June 2024
₹3001 Cr as on June 2024
HDFC Bank Ltd(4.74%), ICICI Bank Ltd(4.58%), Shakti Pumps (India) Ltd(3.5%), Trent Ltd(2.96%), REC Ltd(2.63%) as on June 2024
Financial Services(26.6%), Industrial(23.21%), Consumer Cyclical(21%) as on June 2024
The alpha ratio for the LIC MF Large & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF Large & Mid Cap Fund Direct Growth
4.26
1.02
1.16
As on June 2024
The alpha for LIC MF Large & Mid Cap Fund Direct Growth is calculated against S&P BSE 200 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 & Mid Cap Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF Large & Mid Cap Fund Direct Growth
1.01
0.94
0.89
As on June 2024
The Beta for LIC MF Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 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 & Mid 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 & Mid Cap Fund Direct Growth
2.8
1.2
0.92
As on June 2024
The sharpe ratio for LIC MF Large & Mid Cap Fund Direct Growth is calculated with S&P BSE 200 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 & Mid 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 & Mid Cap Fund Direct Growth
12.71
13.35
18.24
As on June 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 2.5 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.02 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Yogesh Patil is the fund manager of LIC MF Large & Mid Cap Fund Direct Growth
The Exit load of LIC MF Large & Mid Cap Fund Direct Growth is 1%