LIC MF Midcap Fund Direct Growth

Equity
Direct
Mid-Cap
LIC MF Midcap Fund Direct Growth

About the Fund

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

  1. LIC MF Midcap Fund Direct Growth has ₹305 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 1.6.

Returns

LIC MF Midcap Fund Direct Growth has given a CAGR return of 17.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 60.16%, 23.47% and 24.74% respectively.

Holdings

LIC MF Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Basic Materials, Communication, Tech, Health, Utilities, Real Estate, Energy. Its top holdings are Shakti Pumps (India) Ltd, Trent Ltd, UNO Minda Ltd, Bharat Electronics Ltd, ICICI Bank Ltd

Taxation

As it is a 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 Midcap Fund Direct Growth

The objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies. However there can be no assurance that the investment objective under the scheme will be realized.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
122 people have invested ₹ 28.9L in LIC MF Midcap Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
18
/19
41% Performance
20% Risk Management
0% Cost
18 out of 19 among mid-cap
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Beats FD returns for both 3Y & 5Y
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Does not beat the benchmark consistently
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Highly volatile within category
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Poor track record of protecting capital in bear phase

Fund Overview

Expense ratio1.57%
Benchmark
S&P BSE Midcap TR INR
AUM₹305 Cr
Inception Date25 January, 2017
Min Lumpsum/SIP₹5000/₹1000
Exit Load
1%
Lock InNo Lock-in
TurnOver
559.26%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98%

  • Debt & Cash 2%

Mid cap
66.4%

Large cap
19.9%

Small cap
11.2%

Sector Allocation

Jun'24

May'24

Apr'24

Consumer Cyclical
34.1%
Industrial
26.7%
Financial Services
17.6%
Basic Materials
9.3%
Communication
2.8%
Tech
2.5%
Health
2.2%
Utilities
2%
Real Estate
1.6%
Energy
1.1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Karan Doshi
Karan Doshi
Fund Manager of LIC MF Midcap Fund Direct Growth, since 31 July 2023

Mutual Fund Insights

Insights icon
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 38.63% return, outperforming this fund by 13.89% per annum.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 4.3% moving from 1.64 to 1.57.
Insights icon
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 40.62% return, outperforming this fund by 17.15% per annum.
Insights icon
In the last 1 year, Quant Mid Cap Fund Growth Option Direct Plan has given 72.27% return, outperforming this fund by 12.11%.

LIC MF Midcap 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 17.24% since inception which is less than its category average return of 20.73%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.98% in Equity, 0% in Debt and 2.02% in Cash related instruments
AUM size ₹305 Cr

AUM size ₹305 Cr

This fund has AUM of ₹305 Cr which is less than its category average of ₹ 8822 Cr
Expense Ratio 1.57%

Expense Ratio 1.57%

This fund has an expense ratio of 1.57% which is more than its category average expense ratio of 1.37%

Frequently Asked Questions

The current NAV of LIC MF Midcap Fund Direct Growth is ₹32.9 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
LIC MF Midcap Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.95%
5.95%
6 Month Returns
27.95%
27.95%
1 Year Returns
60.16%
60.16%
3 Years Returns
88.22%
23.47%
5 Years Returns
202.01%
24.74%
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 June 2024
₹305 Cr as on June 2024
Shakti Pumps (India) Ltd(4.96%), Trent Ltd(4.18%), UNO Minda Ltd(4.07%), Bharat Electronics Ltd(3.01%), ICICI Bank Ltd(2.63%) as on June 2024
Consumer Cyclical(33.4%), Industrial(26.14%), Financial Services(17.26%) as on June 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
4.74
-2.84
-2.17
As on June 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
0.91
0.98
0.94
As on June 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
2.94
1.1
0.88
As on June 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
13.8
15.58
21.25
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 2.19 as on June 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%