LIC MF Midcap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 22-10-2024
₹ 32.23
1D
Inception Returns
16.7%
/yr
About 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 ₹334 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 1.6.
Returns
LIC MF Midcap Fund Direct Growth has given a CAGR return of 16.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 48.79%, 19.06% and 24.88% respectively.
Holdings
LIC MF Midcap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Industrial, Financial Services, Basic Materials, Tech, Communication, Health, Utilities, Real Estate, Consumer Defensive, Energy. Its top holdings are Trent Ltd, Shakti Pumps (India) Ltd, UNO Minda Ltd, The Federal Bank Ltd, Bharat Electronics 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 benefitDividends 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 200.00. LIC MF Midcap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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139 people have invested ₹ 19.5L in LIC MF Midcap Fund Direct Growth in the last three months
INDmoney Rank for LIC MF Midcap Fund Direct Growth
Powered by IND quant engine
18
/19
30% Performance
14% Risk Management
0% Cost
18 out of 19 among mid-cap
Beats FD returns for both 3Y & 5Y
Has not generated consistent returns
Does not beat the benchmark consistently
Highly volatile within category
LIC MF Midcap Fund Direct Growth Overview
| Expense ratio | 1.57% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹334 Cr |
| Inception Date | 25 January, 2017 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 559.26% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Oct-24)
Fund Distribution
as on (30-Sep-24)
Mid cap
65.7%
Large cap
14.5%
Small cap
14.4%
Sector Allocation
Consumer Cyclical
32.8%
Industrial
23.4%
Financial Services
11.5%
Basic Materials
9.4%
Tech
6.6%
Communication
5.1%
Health
3.6%
Utilities
3.4%
Real Estate
2%
Consumer Defensive
1.2%
Energy
0.9%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 1.27% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at 2.05% as on Sep'24
- This fund underperformed Nifty Midcap 150 by 0.78% in Sep'24
- AUM of the fund stands at 328.3 Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Saregama India Ltd's allocation increased from 0.96% to 1.17%
Hitachi Energy India Ltd Ordinary Shares's allocation increased from 0.9% to 1.07%
Arvind Fashions Ltd's allocation increased from 1.44% to 1.57%
Top Stocks sold last month
Shakti Pumps (India) Ltd's allocation decreased from 5.07 % to 4.76 %
UNO Minda Ltd's allocation decreased from 3.78 % to 3.49 %
The Federal Bank Ltd's allocation decreased from 2.57 % to 2.55 %
Mid Cap allocation has gone down from 68.3% to 65.7%
Large Cap allocation has gone up from 13.9% to 14.5%
Small Cap allocation has gone up from 13.9% to 14.4%
Cash allocation has gone up from 1.6% to 2%
Top 3 Sectors in September were Consumer Cyclical, Industrial & Financial Services
Sep'24
Consumer Cyclical
33%
Industrial
23%
Financial Services
12%
Aug'24
Consumer Cyclical
31%
Industrial
25%
Financial Services
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Hitachi Energy India Ltd | 22.1% |
 Saregama India Ltd | 3.9% |
 Trent Ltd | 1.9% |
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Karan Doshi
Fund Manager of LIC MF Midcap Fund Direct Growth, since 31 July 2023
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹28.62K Cr
as on 30-Sep-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
In the last 5 years, Quant Mid Cap Fund Growth Option Direct Plan has given 36.79% return, outperforming this fund by 11.91% per annum.
Over the last 15 months, this fund has decreased expense ratio by 4.3% moving from 1.64 to 1.57.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 36.21% return, outperforming this fund by 17.15% per annum.
Over the last 6 months, this fund has experienced a 38.0% growth in AUM moving from 242.21 Cr to 334.33 Cr.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 69.89% return, outperforming this fund by 21.1%.
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 16.69% since inception which is less than its category average return of 19.85%
Fund Allocations
This fund has an allocation of 97.96% in Equity, 0% in Debt and 2.04% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 9762 Cr
Expense Ratio 1.57%
This fund has an expense ratio of 1.57% which is more than its category average expense ratio of 1.36%
Frequently Asked Questions for LIC MF Midcap Fund Direct Growth
The current NAV of LIC MF Midcap Fund Direct Growth is ₹32.23 as on 22-Oct-2024.
Existing (Absolute + CAGR) as on 22-Oct-2024.
LIC MF Midcap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.68% | -3.68% |
6 Month Returns | 25.06% | 25.06% |
1 Year Returns | 48.79% | 48.79% |
3 Years Returns | 68.78% | 19.06% |
5 Years Returns | 203.7% | 24.88% |
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 September 2024
₹334 Cr as on September 2024
Trent Ltd(4.87%), Shakti Pumps (India) Ltd(4.76%), UNO Minda Ltd(3.49%), The Federal Bank Ltd(2.55%), Bharat Electronics Ltd(2.36%) as on September 2024
Consumer Cyclical(32.15%), Industrial(22.96%), Financial Services(11.27%) as on September 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 | 7.68 | -2.94 | -2.71 |
As on September 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 | 0.92 | 0.98 | 0.94 |
As on September 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 | 2.75 | 1 | 1 |
As on September 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 | 14.11 | 15.41 | 20.75 |
As on September 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 1.97 as on September 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%