LIC MF Large Cap Fund Direct Growth

LIC MF Large Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Sumit Bhatnagar, Nikhil Rungta. The fund could potentially beat inflation in the long-run.

1. LIC MF Large Cap Fund Direct Growth has ₹1469 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 1.
   

LIC MF Large Cap Fund Direct Growth has given a CAGR return of 13.43% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 5.56%, 18.10% and 19.14% respectively.

LIC MF Large Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Defensive, Tech, Consumer Cyclical, Energy, Basic Materials, Utilities, Health, Communication. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, Larsen & Toubro Ltd

As it is a large-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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Large Cap Fund Direct Growth has no lock in period.