LIC MF Value Fund Direct Growth

LIC MF Value Fund Direct Growth

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Equity
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Value
NAV: ₹ 24.95 as on 12-06-2024

About the Fund

LIC MF Value Fund Direct Growth is an equity fund. This fund was started on 20 August, 2018. The fund is managed by Karan Doshi. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Value Fund Direct Growth has ₹110 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 1.6.

Returns

LIC MF Value Fund Direct Growth has given a CAGR return of 16.94% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 41.68%, 18.63% and 18.13% respectively.

Holdings

LIC MF Value Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Basic Materials, Consumer Defensive, Tech, Industrial, Energy, Health, Real Estate, Communication, Utilities. Its top holdings are Reliance Industries Ltd, State Bank of India, HDFC Bank Ltd, Kotak Mahindra Bank Ltd, ICICI Bank Ltd

Taxation

As it is a value 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 Value Fund Direct Growth

The Investment Objective of the Scheme is to generate long-term capital appreciation along with regular income by investing predominantly in equity and equity related instruments by following value investing strategy. However, there can be no assurance that the investment objective of 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 Value Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
31 people have invested ₹ 6.3L in LIC MF Value Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
11
/11
23% Performance
35% Risk Management
0% Cost
11 out of 11 among value

Pros

Beats FD returns for both 3Y & 5Y

Cons

Does not beat the benchmark consistently
Underperforms benchmarks during bull run
5Y returns in the bottom 25% of the category

Overview

Expense ratio
Expense ratio
1.6%
Benchmark
Benchmark
S&P BSE 500 India TR INR
AUM
AUM
₹110 Cr
Inception Date
Inception Date
20 August, 2018
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
537.86%

LIC MF Value Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 93.7%

  • Debt & Cash 6.4%

Size breakup

Large cap
49.9%
Small cap
31.1%
Mid cap
12.7%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
33.4%
Consumer Cyclical
11.2%
Consumer Defensive
10%
Basic Materials
9.7%
Tech
7.4%
Health
6.5%
Energy
6.1%
Industrial
6.1%
Communication
5.2%
Real Estate
3.6%
Utilities
0.9%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
3.63%
-0.72%
1.48%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 3.63% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 1.16% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 106.9 Cr
₹ 106.9 Cr
₹ 106.9 Cr
  • AUM of the fund stands at 106.9 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of LIC MF Value Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings49

Gainers & Losers Returns for the month of Apr

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has decreased expense ratio by 6.4% moving from 1.71 to 1.60.
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Over the last 1 month, this fund has experienced a 2.9% growth in AUM moving from 106.92 Cr to 110.03 Cr.
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In the last 5 years, JM Value Fund (Direct) - Growth has given 25.64% return, outperforming this fund by 7.51% per annum.
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In the last 1 year, Quant Value Fund Direct Growth has given 78.1% return, outperforming this fund by 36.41%.
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In the last 3 years, JM Value Fund (Direct) - Growth has given 29.78% return, outperforming this fund by 11.15% per annum.

Fund Manager

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

LIC MF Value 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 16.94% since inception which is less than its category average return of 19.03%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.65% in Equity, 0% in Debt and 6.35% in Cash related instruments
AUM size ₹110 Cr

AUM size ₹110 Cr

This fund has AUM of ₹110 Cr which is less than its category average of ₹ 4850 Cr
Expense Ratio 1.6%

Expense Ratio 1.6%

This fund has an expense ratio of 1.6% which is more than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of LIC MF Value Fund Direct Growth is ₹24.95 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
LIC MF Value Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
9.74%
9.74%
6 Month Returns
19.21%
19.21%
1 Year Returns
41.68%
41.68%
3 Years Returns
66.93%
18.63%
5 Years Returns
130.05%
18.13%
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1.6% as on May 2024
₹110 Cr as on May 2024
Reliance Industries Ltd(5.68%), State Bank of India(5.16%), HDFC Bank Ltd(5.06%), Kotak Mahindra Bank Ltd(3.23%), ICICI Bank Ltd(3.11%) as on May 2024
Financial Services(27.43%), Consumer Cyclical(12.64%), Basic Materials(10.96%) as on May 2024
The alpha ratio for the LIC MF Value Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
LIC MF Value Fund Direct Growth
3.83
0.74
-0.15
As on May 2024
The alpha for LIC MF Value Fund Direct Growth is calculated against S&P BSE 500 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 Value Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
LIC MF Value Fund Direct Growth
0.84
0.91
0.96
As on May 2024
The Beta for LIC MF Value Fund Direct Growth is calculated with S&P BSE 500 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 Value 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 Value Fund Direct Growth
2.52
0.96
0.67
As on May 2024
The sharpe ratio for LIC MF Value Fund Direct Growth is calculated with S&P BSE 500 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 Value 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 Value Fund Direct Growth
9.52
12.19
18.79
As on May 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 1.67 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Karan Doshi is the fund manager of LIC MF Value Fund Direct Growth
The Exit load of LIC MF Value Fund Direct Growth is 1%