LIC MF Midcap Fund Direct Growth

LIC MF Midcap Fund Direct Growth

Equity

LIC Mutual Fund

Mid-Cap

Get the latest NAV of LIC MF Midcap Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹35.50

▲0.1%1D

NAV as on 12 Aug 2026

14.2%/per year

Since Inception

Absolute Gain%

▲▼

144 people have invested ₹ 9.9L in LIC MF Midcap Fund in the last three months

LIC MF Midcap Fund Performance vs. Nifty Midcap 150

Fund returns vs Benchmark returns vs Category Average returns as on (12-Aug-26)

The fund has outperformed the benchmark (Nifty Midcap 150) over 3Y, but underperformed over 1Y, 5Y.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
2.31%
9.32%
8.63%
12.18%
18.77%
14.81%
Nifty Midcap 150
1.53%
7.12%
5.7%
12.35%
18.35%
17.63%
Mid-Cap Avg
2.03%
8.53%
7.48%
12.91%
18.92%
16.75%
Best in Mid-Cap
6.64%
12.46%
15.7%
24.43%
26.14%
24.02%
Worst in Mid-Cap
-0.05%
2.12%
1.1%
3.62%
11.75%
12.94%
Category Rank
23/25
21/21
21/21
18/19
21/21
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LIC MF Midcap Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

23
/25
32% Performance
30% Risk Management
23% Cost

Ranked 23 out of 25 mutual funds in the mid-cap category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
LIC MF Midcap Fund
23/25
376Cr
1.41%
12.18%
18.77%
-0.76
1.02
0.63
1.00
-0.17
HDFC Mid Cap Fund
1/25
1,00,858Cr
0.74%
12.87%
20.39%
2.54
0.83
0.84
1.27
0.22
Edelweiss Mid Cap Fund
2/25
18,693Cr
0.72%
13.13%
23.74%
4.44
0.95
0.92
1.47
1.04
Mahindra Manulife Mid Cap Fund
3/25
5,076Cr
0.43%
18.24%
22.24%
2.97
0.94
0.85
1.37
0.83
See all
Positive: Beats FD returns for both 3Y & 5Y
Beats FD returns for both 3Y & 5Y
Negative: Poor track record of protecting capital in bear phase
Poor track record of protecting capital in bear phase
Negative: 5Y returns in the bottom 25% of the category
5Y returns in the bottom 25% of the category
Negative: Smaller AUM within category
Smaller AUM within category

LIC MF Midcap Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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LIC MF Midcap Fund Asset Allocation

See fund asset allocation details as on (14-Jul-26)

Fund Distribution

as on (14-Jul-26)

Mid cap
64.8%
Small cap
18.8%
Large cap
12.2%
Mid Cap allocation has gone down from 67.1% to 59.7%
Mid Cap allocation has gone down from 67.1% to 59.7%
Large Cap allocation has gone up from 9.4% to 12.2%
Large Cap allocation has gone up from 9.4% to 12.2%
Small Cap allocation has gone up from 18.8% to 24.6%
Small Cap allocation has gone up from 18.8% to 24.6%
Cash allocation has gone down from 4.8% to 3.6%
Cash allocation has gone down from 4.8% to 3.6%

LIC MF Midcap Fund Sector Allocation

See fund sector allocation details as on (14-Jul-26)

Sector Allocation

Consumer Cyclical
23.2%
Financial Services
19.5%
Industrial
14.1%
Tech
10.8%
Basic Materials
9%
Health
8.7%
Consumer Defensive
5.1%
Communication
4.2%
Real Estate
2.6%
Utilities
1.4%
Energy
1.3%

Top 3 Sectors in June were Consumer Cyclical, Financial Services & Industrial

Jun'26

Consumer Cyclical

20%

Financial Services

19%

Industrial

19%

May'26

Consumer Cyclical

22%

Financial Services

20%

Industrial

17%

LIC MF Midcap Fund Holdings Details

as on (31-Jul-26)

Top Stocks bought last month
Garware Hi-Tech Films Ltd's allocation increased from 1.8% to 2.67%
Garware Hi-Tech Films Ltd's allocation increased from 1.8% to 2.67%
DEE Development Engineers Ltd's allocation increased from 1.82% to 2.51%
DEE Development Engineers Ltd's allocation increased from 1.82% to 2.51%
Multi Commodity Exchange of India Ltd's allocation increased from 1.09% to 1.57%
Multi Commodity Exchange of India Ltd's allocation increased from 1.09% to 1.57%
Top Stocks sold last month
The Federal Bank Ltd's allocation decreased from 2.98 % to 2.91 %
The Federal Bank Ltd's allocation decreased from 2.98 % to 2.91 %
UNO Minda Ltd's allocation decreased from 2.68 % to 2.58 %
UNO Minda Ltd's allocation decreased from 2.68 % to 2.58 %
Shakti Pumps (India) Ltd's allocation decreased from 2.34 % to 2.12 %
Shakti Pumps (India) Ltd's allocation decreased from 2.34 % to 2.12 %

LIC MF Midcap Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio1.41%
Benchmark
Nifty Midcap 150 TR INR
AUM₹376 Cr
Inception Date25 January, 2017
Min Lumpsum/SIP₹5,000/₹200
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
62.46%
Risk
Risk meter
pointer
Very High Risk

About LIC MF Midcap Fund

LIC MF Midcap Fund Direct Growth is an equity fund. This fund was started on 25 January, 2017. The fund is managed by Manoj Bajpai. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. LIC MF Midcap Fund has ₹376 Cr worth of assets under management (AUM) as on Jul 2026 and is more than category average.
  2. The fund has an expense ratio 1.4.

Returns

LIC MF Midcap Fund has given a CAGR return of 14.20% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 12.18%, 18.77% and 14.81% respectively.

Holdings

LIC MF Midcap Fund has allocated its funds majorly in Cash Equivalent, Industrial, Basic Materials, Financial Services, Tech, Consumer Cyclical, Health, Communication, Consumer Defensive, Real Estate, Utilities. Its top holdings are Info Edge (India) Ltd, The Federal Bank Ltd, Hitachi Energy India Ltd Ordinary Shares, Coforge Ltd, Garware Hi-Tech Films 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 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.

Investment objective of LIC MF Midcap Fund

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 has no lock in period.

Fund Manager

Manoj Bajpai

Fund Manager of LIC MF Midcap Fund, since 1 July 2026

Learn more about LIC Mutual Fund
Parameters
Jun'26
May'26
Apr'26
AUM
₹ 357.1 Cr
₹ 357.1 Cr
₹ 346.6 Cr
  • AUM of the fund stands at 357.1 Cr as of Jun'26
  • AUM has remained same between Jun'26 and May'26

Compare LIC MF Midcap Fund

LIC MF Midcap Fund

VS

HDFC Mid Cap Fund

Frequently Asked Questions for LIC MF Midcap Fund Direct Growth

How do I invest in LIC MF Midcap Fund?

INDmoney makes it simple to invest in the LIC MF Midcap Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘LIC MF Midcap Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of LIC MF Midcap Fund?

The NAV of the fund today is ₹35.50. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

LIC MF Midcap Fund fund has generated a return of 12.18% in 1 year, 18.77% in 3 years, 14.81% in 5 years.

Who is the fund manager of LIC MF Midcap Fund?

The fund managers are Manoj Bajpai.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-12 Months. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 1.41%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹376 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of LIC MF Midcap Fund?

The top 3 holdings of the fund are Info Edge (India) Ltd(4.24%), The Federal Bank Ltd(3.43%), Hitachi Energy India Ltd Ordinary Shares(3.31%)