Historical NAV & Returns
Absolute
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1254 people have invested ₹ 55.5L in LIC MF Small Cap Fund Direct Growth in the last three months
About LIC MF Small Cap Fund Direct Growth
LIC MF Small Cap Fund Direct Growth is an equity fund. This fund was started on 21 June, 2017. The fund is managed by Nikhil Rungta. The fund could potentially beat inflation in the long-run.
Key Parameters
- LIC MF Small Cap Fund Direct Growth has ₹494 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 1.
Returns
LIC MF Small Cap Fund Direct Growth has given a CAGR return of 16.09% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.36%, 18.79% and 33.66% respectively.
Holdings
LIC MF Small Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Basic Materials, Utilities, Consumer Defensive, Financial Services, Health, Communication, Tech, Real Estate. Its top holdings are JTL Industries Ltd, Housing & Urban Development Corp Ltd, Sanathan Textiles Ltd, Concord Enviro Systems Ltd, International Gemmological Institute (India) Ltd
Taxation
As it is a small-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of LIC MF Small Cap Fund Direct Growth
The Investment 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 Small Cap 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 Small Cap Fund Direct Growth has no lock in period.
LIC MF Small Cap Fund Direct Growth Overview
| Expense ratio | 0.97% |
Benchmark | Nifty Smallcap 250 TR INR |
| AUM | ₹494 Cr |
| Inception Date | 21 June, 2017 |
| Min Lumpsum/SIP | ₹5000/₹200 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 684.33% |
| STCG | Selling mutual fund 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 |
INDmoney Rank for LIC MF Small Cap Fund Direct Growth
Powered by IND quant engine
14
/18
53% Performance
27% Risk Management
10% Cost
14 out of 18 among small-cap
Beats FD returns for both 3Y & 5Y
Highly volatile within category
Poor track record of Recovering losses quickly
Smaller AUM within category
Trailing Returns
as on (23-Apr-25)
Fund Distribution
as on (31-Mar-25)
Small cap
80.9%
Mid cap
10.8%
Large cap
2.9%
Sector Allocation
Industrial
37.5%
Consumer Cyclical
17.6%
Basic Materials
10.6%
Utilities
8.3%
Consumer Defensive
7.8%
Financial Services
6.6%
Health
4.5%
Communication
3.3%
Tech
3%
Real Estate
0.7%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 8.65% whereas the fund’s underlying benchmark Nifty Smallcap 250 returns stands at 9.80% as on Mar'25
- This fund underperformed Nifty Smallcap 250 by 1.15% in Mar'25
- AUM of the fund stands at 493.7 Cr as of Mar'25
- AUM increased by 60.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Enviro Infra Engineers Ltd's allocation increased from 0.44% to 2.19%
JTL Industries Ltd's allocation increased from 2.48% to 3.12%
Johnson Controls - Hitachi Air Conditioning India Ltd's allocation increased from 1.5% to 1.94%
Top Stocks sold last month
International Gemmological Institute (India) Ltd's allocation decreased from 2.85 % to 2.64 %
Navkar Corp Ltd's allocation decreased from 2.34 % to 2.26 %
Navin Fluorine International Ltd's allocation decreased from 1.97 % to 1.93 %
Mid Cap allocation has gone up from 10.6% to 10.8%
Large Cap allocation has gone up from 2.8% to 2.9%
Small Cap allocation has gone down from 81.6% to 80.9%
Cash allocation has gone up from 3.2% to 4%
Top 3 Sectors in March were Industrial, Consumer Cyclical & Basic Materials
Mar'25
Industrial
38%
Consumer Cyclical
18%
Basic Materials
11%
Feb'25
Industrial
35%
Consumer Cyclical
17%
Basic Materials
14%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 JTL Industries Ltd | 3.12% | 0% | |
 Housing & Urban Development Corp Ltd | 3.04% | 0% | |
 Sanathan Textiles Ltd | 2.94% | 0% | |
 Concord Enviro Systems Ltd | 2.71% | 3.3% | |
 International Gemmological Institute (India) Ltd | 2.64% | 11.2% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
 LIC MF Small Cap Fund Direct Growth | 9.36% | 18.79% | 33.66% | 16.09% |
 Bandhan Small Cap Fund Direct Growth | 18.5% | 27.92% | 38.36% | 34.9% |
 UTI Small Cap Fund Direct Growth | 12.77% | 17.32% | - | 24.25% |
 Nippon India Small Cap Fund - Direct Plan - Growth Plan | 6.41% | 22.73% | 40.19% | 25.34% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 Housing & Urban Development Corporation Ltd | 11.5% |
 TD Power Systems Ltd | 2.5% |
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Nikhil Rungta
Fund Manager of LIC MF Small Cap Fund Direct Growth, since 1 July 2024
Top funds managed
Fund House
LIC Mutual Fund Asset Management Limited
Total Schemes
Total AUM
₹29.68K Cr
as on 31-Mar-2025
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
Over the last 6 months, this fund has experienced a 33.4% growth in AUM moving from 370.18 Cr to 493.73 Cr.
In the last 3 years, Bandhan Small Cap Fund Direct Growth has given 27.75% return, outperforming this fund by 8.83% per annum.
This fund expense ratio is slightly on the lower side within the category (small-cap). Its expense ratio is 0.97% which is lower than the category average expense ratio of 1.19%.
In the last 5 years, Quant Small Cap Fund Growth Option Direct Plan has given 50.09% return, outperforming this fund by 16.24% per annum.
In the last 1 year, Motilal Oswal Small Cap Fund Direct Growth has given 19.76% return, outperforming this fund by 8.31%.
Over the last 3 months, this fund has decreased expense ratio by 36.6% moving from 1.53 to 0.97.
LIC MF Small Cap 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 16.09% since inception which is less than its category average return of 18.01%
Fund Allocations
This fund has an allocation of 96.04% in Equity, 0% in Debt and 3.96% in Cash related instruments
AUM size ₹494 Cr
This fund has AUM of ₹494 Cr which is less than its category average of ₹ 9875 Cr
Expense Ratio 0.97%
This fund has an expense ratio of 0.97% which is less than its category average expense ratio of 1.28%
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5Y CAGR
▲ 34.12
5Y CAGR
▲ 27.04
5Y CAGR
▲ 27.39
5Y CAGR
▲ 19.59
5Y CAGR
▲ 21.40
Frequently Asked Questions for LIC MF Small Cap Fund Direct Growth
The current NAV of LIC MF Small Cap Fund Direct Growth is ₹32.2 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
LIC MF Small Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.12% | 2.12% |
6 Month Returns | -9.57% | -9.57% |
1 Year Returns | 9.36% | 9.36% |
3 Years Returns | 67.64% | 18.79% |
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.
0.97% as on March 2025
₹494 Cr as on March 2025
JTL Industries Ltd(3.12%), Housing & Urban Development Corp Ltd(3.04%), Sanathan Textiles Ltd(2.94%), Concord Enviro Systems Ltd(2.71%), International Gemmological Institute (India) Ltd(2.64%) as on March 2025
Industrial(36.02%), Consumer Cyclical(16.94%), Basic Materials(10.19%) as on March 2025
The alpha ratio for the LIC MF Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
LIC MF Small Cap Fund Direct Growth | 6.85 | 0.96 | 3.77 |
As on March 2025
The alpha for LIC MF Small Cap Fund Direct Growth is calculated against Nifty Smallcap 250 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 Small Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
LIC MF Small Cap Fund Direct Growth | 1.04 | 0.89 | 0.79 |
As on March 2025
The Beta for LIC MF Small Cap Fund Direct Growth is calculated with Nifty Smallcap 250 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 Small 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 Small Cap Fund Direct Growth | 0.33 | 0.61 | 1.46 |
As on March 2025
The sharpe ratio for LIC MF Small Cap Fund Direct Growth is calculated with Nifty Smallcap 250 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 Small 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 Small Cap Fund Direct Growth | 27.6 | 19.46 | 18.21 |
As on March 2025
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 0.91 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Nikhil Rungta is the fund manager of LIC MF Small Cap Fund Direct Growth
The Exit load of LIC MF Small Cap Fund Direct Growth is 1%