LIC MF Small Cap Fund Direct Growth NAV today
AMFI: 152004ISIN: INF397L01JS1MUTF_IN: LIC_MF_SMAL_1FREGJ2LIC Mutual FundSmall Cap funds
Formerly IDBI Small Cap Fund
NAV ₹37.1474down ₹0.49 (1.30%)
NAV for 30 Oct 2026, against 29 Oct 2026. Declared once a day.
Other plans: Regular Growth ₹32.6162, −1.31% · Direct IDCW ₹37.1392 · Regular IDCW ₹32.6158
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹841 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 1.30%23 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot pull the fund's P/E down. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted. P/E in the glossary
- 36.530 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 5530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 21 Jun 2017
LIC MF Small Cap Fund returns
Direct Growth plan
Over each window to 30 Oct 2026
| Over | Direct GrowthTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out | Regular Growth | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. Rank in category in the glossary | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. Category median in the glossary | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. Middle half of the category in the glossary |
|---|---|---|---|---|---|---|
| 1 week | +2.22% | +2.19% | +2.33% | – | – | – |
| 1 month | −6.54% | −6.64% | −5.78% | 24 of 36 | −5.77% | −6.7% to −5.0% |
| 3 months | −1.19% | −1.52% | −5.87% | 7 of 36 | −3.74% | −5.4% to −1.5% |
| 6 months | +7.25% | +6.53% | +0.62% | 12 of 36 | +4.55% | +1.4% to +7.8% |
| 1 year | +7.49% | +6.06% | −3.15% | 9 of 31 | +2.35% | −1.5% to +7.6% |
| 3 years | +16.07% | +14.63% | +12.34% | 7 of 24 | +13.62% | +10.7% to +16.1% |
| 5 years | +15.72% | +14.42% | +13.10% | 9 of 23 | +14.42% | +12.4% to +16.6% |
| 10 years | Needs 10 years | – | – | – | +16.37% | +15.2% to +17.0% |
₹10,000 put in on 29 Jun 2017 is ₹37,073 at the NAV of 30 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate. Benchmark: Nifty Smallcap 250 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Small Cap funds, each fund's return to its latest NAV on or before 1 Nov 2026.
At the month end, 30 Sep 2026
| Over | Fund | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. Benchmark return in the glossary |
|---|---|---|
| 1 year | +17.92% | +7.23% |
| 3 years | +18.08% | +13.96% |
| 5 years | +17.53% | +14.50% |
| Since launch | +16.03% | +13.13% |
Benchmark: Nifty Smallcap 250 TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty Smallcap 250 TRI
- Loss
Highest year to Dec 2021, +66.3%; lowest year to Dec 2018, −12.6%Above the benchmark in 5 of 8 years
LIC MF Small Cap Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 30 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,28,326₹1,28,319 after stamp duty | +13.20% | +13.19% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹4,10,123₹4,10,103 after stamp duty | +8.67% | +8.67% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹8,59,035₹8,58,992 after stamp duty | +14.35% | +14.35% | ₹30 | |
| Since Jun 2017112 instalments | ₹11,20,000 | ₹27,37,106₹27,37,038 after stamp duty | +18.34% | +18.34% | ₹38 |
10 years: Launched 21 Jun 2017, needs 10 years of history.
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 29 Jun 2017 to 30 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The lowest yearly return of any window of this length in the fund's history, one window starting on each day it priced. Lowest rolling return in the glossaryAverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history. Average rolling return in the glossaryHighestHighest rolling return. The highest yearly return of any window of this length in the fund's history. Highest rolling return in the glossaryEnded higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started. Windows that ended higher in the glossary
1 year2,053 windows−35.6%+18.9%+108.1%70.3%
3 years1,567 windows−7.1%+21.7%+44.7%92.9%
5 years1,069 windows+10.9%+22.4%+38.2%100.0%
10 yearsLaunched 21 Jun 2017, needs 11 years of history
Every 5-year window ended higher than it started.
LIC MF Small Cap Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio. Direct and regular plan cost gap in the glossary
- 1.34 ptsA year, on 23 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies. Expense ratio, 30-day average in the glossary
- 1.29%Over the last 30 days filed
- Regular, 30-day average
- 2.62%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.54%, Jul 2023.Direct plan lowest 0.91%, Jun 2025.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.81% | 2.00% |
| Brokerage | 0.11% | 0.11% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.36% | 0.51% |
Per cent of assets a year, filed for 30 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.MoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹5,000
- Minimum top-up
- ₹500
- Minimum redemption
- ₹1,000
- SIP
- Accepted
- SIP minimum
- 100, 150,200, 1000 |
- SIP instalments, at least
- 60,40,30,6 |
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP dates
- Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th|
As listed for this plan on 31 Oct 2026.
How LIC MF Small Cap Fund is taxed
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
IDCW payouts are added to the holder's income and taxed at the income tax slab rate. The fund deducts 10% tax at source for a resident when its payouts to them in a year counted from April to March are above ₹10,000.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
LIC MF Small Cap Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹797 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors. Share of assets in the direct plans in the glossary
- 16.7%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Sep 2023.
Assets at each month end
The latest month end is the highest since Feb 2019.Lowest ₹87 Cr, Mar 2020.
LIC MF Small Cap Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. Large, mid and small cap in the glossary | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|---|
| Garware Hi-Tech FilmsIndustrial Products | Small cap553rd | 4.72% | 39.75 | 56,660 | Sep 2025 |
| Manorama IndustriesFood Products | Small cap615th | 3.14% | 26.40 | 1,42,461 | Dec 2024 |
| Avalon TechnologiesElectrical Equipment | Small cap639th | 3.06% | 25.74 | 1,12,072 | Aug 2023 |
| INDO-MIMIndustrial Manufacturing | 3.04% | 25.59 | 2,05,936 | Jul 2026 | |
| Allied Blenders and DistillersBeverages | Small cap439th | 2.90% | 24.36 | 3,38,914 | Jul 2024 |
| Navin Fluorine InternationalChemicals & Petrochemicals | Small cap251st | 2.87% | 24.15 | 29,286 | Jul 2023or earlier |
| Neuland LaboratoriesPharmaceuticals & Biotechnology | Small cap356th | 2.35% | 19.79 | 9,270 | Apr 2025 |
| SML MahindraAgricultural, Commercial & Construction Vehicles | Small cap731st | 2.32% | 19.54 | 29,703 | Jun 2026 |
| Kirloskar Oil EnginesIndustrial Products | Small cap323rd | 2.16% | 18.16 | 78,792 | Jul 2023or earlier |
| Brigade EnterprisesRealty | Small cap372nd | 2.13% | 17.95 | 3,12,003 | May 2026 |
| Lumax Auto TechnologiesAuto Components | Small cap525th | 2.11% | 17.78 | 85,630 | Jun 2026 |
| PricolAuto Components | Small cap670th | 2.11% | 17.73 | 2,37,103 | Sep 2025 |
| Leela Palaces Hotels & ResortsLeisure Services | Small cap447th | 2.05% | 17.21 | 3,00,000 | Aug 2026 |
| Kennametal IndiaIndustrial Manufacturing | Small cap753rd | 2.03% | 17.09 | 41,364 | Aug 2023 |
| ArvindTextiles & Apparels | Small cap547th | 2.03% | 17.04 | 3,15,595 | Apr 2024 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Treps | 6.05% | 50.87 |
| Net Receivables / (Payables) | −0.20% | −1.68 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 4.72%Garware Hi-Tech Films
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 16.86%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 28.70%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 46.4Taken over 94.15% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Indian shares94.15%
- Cash and receivables5.85%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap1.46%Category 5.10%
- Mid cap5.86%Category 11.49%
- Small cap89.31%Category 79.99%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 3.17% of the fund. Category is the average of 36 Small Cap funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets. Sector weight in the glossary14sectors
- Capital Goods31.05%Category 17.31%
- Financial Services13.18%Category 17.19%
- Automobile And Auto Components10.15%Category 9.52%
- Fast Moving Consumer Goods8.43%Category 4.05%
- Healthcare7.39%Category 11.88%
- Consumer Services5.71%Category 5.52%
- Chemicals4.97%Category 4.95%
- Textiles3.10%Category 1.97%
- Information Technology2.98%Category 3.20%
- Services2.34%Category 4.35%
- Realty2.13%Category 1.53%
- Construction1.04%Category 1.59%
- Consumer Durables0.89%Category 5.03%
- Oil Gas & Consumable Fuels0.79%Category 0.59%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 36 Small Cap funds. Category average. The sector's weight, less the futures sold on it, averaged over the 36 Small Cap funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Goods15 companies | 31.05% | 30.93% | 32.52% | 32.12% | 34.20% | 32.58% | 29.60% | 31.60% | 31.21% | 31.74% | 28.57% | 28.85% | |
| Financial Services8 companies | 13.18% | 13.44% | 13.54% | 13.56% | 12.48% | 12.36% | 8.60% | 7.13% | 8.49% | 7.68% | 7.47% | 7.05% | |
| Automobile And Auto Components6 companies | 10.15% | 11.15% | 12.45% | 11.16% | 8.25% | 7.28% | 5.71% | 5.60% | 5.95% | 5.66% | 4.58% | 4.63% | |
| Fast Moving Consumer Goods4 companies | 8.43% | 8.47% | 9.43% | 10.74% | 11.35% | 12.59% | 11.63% | 11.57% | 10.87% | 11.31% | 11.48% | 11.42% | |
| Healthcare5 companies | 7.39% | 7.40% | 6.02% | 6.40% | 6.95% | 6.70% | 7.86% | 6.93% | 6.77% | 7.57% | 7.67% | 7.15% | |
| Consumer Services3 companies | 5.71% | 3.95% | 2.22% | 2.37% | 2.40% | 2.07% | 2.03% | 2.02% | 2.23% | 2.24% | 2.49% | 2.40% | |
| Chemicals3 companies | 4.97% | 5.33% | 5.23% | 5.43% | 5.43% | 5.16% | 8.04% | 7.97% | 8.60% | 8.46% | 8.14% | 7.98% | |
| Textiles2 companies | 3.10% | 3.09% | 2.95% | 3.00% | 2.14% | 2.05% | 2.77% | 2.64% | 2.55% | 2.54% | 2.86% | 2.59% | |
| Information Technology2 companies | 2.98% | 3.42% | 3.48% | 2.27% | 0.98% | 1.00% | 2.19% | 2.07% | 2.16% | 2.22% | 3.48% | 3.62% | |
| Services2 companies | 2.34% | 2.46% | 3.24% | 3.31% | 4.44% | 5.28% | 5.74% | 5.81% | 6.02% | 5.99% | 6.29% | 6.57% | |
| Realty1 company | 2.13% | 2.46% | 2.01% | 1.43% | 1.49% | 1.36% | 0.66% | 0.73% | 0.77% | 0.78% | 0.53% | 0.02% | |
| Construction1 company | 1.04% | 1.03% | 1.13% | 1.24% | 1.35% | 1.47% | 2.27% | 2.37% | 2.31% | 2.69% | 2.72% | 2.65% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 10.96% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 21.97% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 8
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 1
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 45
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 0.96%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 7.81%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| INDO-MIM | Added | 3.04% | 1.64% | +1.40 pts | +50,000 |
| Pfizer | Sold out | – | 1.11% | −1.11 pts | −19,718 |
| Avalon Technologies | Trimmed | 3.06% | 4.14% | −1.08 pts | −33,032 |
| Cartrade Tech | Added | 1.93% | 0.88% | +1.05 pts | +31,750 |
| Leela Palaces Hotels & Resorts | Added | 2.05% | 1.03% | +1.02 pts | +1,50,000 |
| Cohance Lifesciences | New | 0.96% | 0.00% | +0.96 pts | +1,82,000 |
| Bharat Bijlee | Sold out | – | 0.86% | −0.86 pts | −30,240 |
| Elecon Engineering Company | Added | 1.58% | 1.18% | +0.40 pts | +50,000 |
| Neuland Laboratories | Added | 2.35% | 2.01% | +0.34 pts | +2,000 |
| Multi Commodity Exchange of India | Added | 1.91% | 1.58% | +0.33 pts | +10,000 |
| Vidya Wires | Added | 1.65% | 1.43% | +0.22 pts | +1,50,000 |
| Arvind | Added | 2.03% | 1.91% | +0.12 pts | +30,000 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Garware Hi-Tech Films | 1.34%Added | 1.84%Added | 1.61%Added | 1.64% | 2.22% | 1.96% | 3.62%Added | 5.15%Cut | 4.91%Cut | 5.35%Added | 4.86% | 4.72% |
 Manorama Industries | 2.35% | 2.28% | 2.35% | 2.75%Added | 2.82% | 2.45% | 2.75%Added | 2.92%Added | 3.17% | 3.02% | 3.24% | 3.14% |
 Avalon Technologies | 2.50%Cut | 2.13% | 2.08%Added | 2.15% | 2.47% | 2.47% | 2.74%Added | 3.67%Cut | 3.95%Cut | 3.82%Cut | 4.14%Cut | 3.06%Cut |
| INDO-MIM | – | – | – | – | – | – | – | – | – | 1.08%Bought | 1.64%Added | 3.04%Added |
 Allied Blenders and Distillers | 3.34% | 3.45% | 3.23% | 2.70% | 2.56% | 2.39% | 2.63%Added | 2.62% | 2.93% | 2.77%Added | 2.52% | 2.90% |
 Navin Fluorine International | 1.99% | 2.10% | 2.43%Added | 2.64% | 2.62% | 2.83% | 3.03%Added | 3.00% | 3.03% | 2.92% | 3.06% | 2.87% |
 Neuland Laboratories | 1.69% | 1.86% | 1.63% | 1.50% | 1.41% | 1.45% | 1.51% | 1.79%Added | 1.82% | 1.83% | 2.01% | 2.35%Added |
 SML Mahindra | – | – | – | – | – | – | – | – | 1.04%Bought | 1.70%Added | 1.82%Added | 2.32% |
 Kirloskar Oil Engines | 1.52% | 1.79% | 1.94% | 1.97% | 2.27% | 2.37% | 2.03%Cut | 2.19% | 2.51% | 2.28% | 1.99% | 2.16% |
 Brigade Enterprises | – | – | – | – | – | – | – | 1.49%Bought | 1.43% | 2.01%Added | 2.46%Added | 2.13% |
 Lumax Auto Technologies | – | – | – | – | – | – | – | – | 1.27%Bought | 1.77%Added | 2.14% | 2.11% |
 Pricol | 1.66%Added | 2.04% | 2.17% | 1.90% | 2.02% | 1.89% | 1.85%Added | 1.92%Added | 1.92% | 2.18% | 2.29% | 2.11% |
 Leela Palaces Hotels & Resorts | – | – | – | – | – | – | – | – | – | – | 1.03%Bought | 2.05%Added |
 Arvind | 0.79% | 0.91% | 0.82% | 0.85% | 0.93% | 0.98% | 0.97% | 1.09% | 1.57%Added | 1.73%Added | 1.91%Added | 2.03%Added |
 Kennametal India | 1.31%Added | 1.45%Added | 1.39% | 1.37% | 1.64% | 1.57% | 1.69% | 1.71% | 1.70%Added | 1.54% | 2.19% | 2.03% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it. Portfolio turnover in the glossary
Highest 82.0% in Apr 2026
Risk ratios
NAV to 30 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Small Cap funds (24 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary21.88%
17.00%Lowest19.60%Average21.97%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary13.34%
9.90%Lowest11.49%Average13.37%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.60
0.29Lowest0.54Average0.87Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary0.93
0.43Lowest0.87Average1.50Highest
Against Nifty Smallcap 250 TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less. Beta in the glossary0.95
0.76Lowest0.86Average0.98Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+4.52 pts
−1.00 ptsLowest+2.37 ptsAverage of 16 funds+10.65 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100. R-squared in the glossary90.8
88.5Lowest92.5Average96.1Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together). Correlation in the glossary0.95
0.94Lowest0.96Average0.98Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months. Upside capture in the glossary98.6%
76.0%Lowest91.9%Average112.4%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months. Downside capture in the glossary80.6%
64.2%Lowest77.7%Average93.6%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house. Information ratio in the glossaryTo 30 Sep 20260.58
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year | −15.94% | 3 Nov 2025 | 23 Mar 2026 | 27 Apr 2026 |
| 3 and 5 years | −27.01% | 3 Jan 2025 | 3 Mar 2025 | 5 Aug 2026 |
| Since Jun 2017 | −46.02% | 15 Jan 2018 | 24 Mar 2020 | 4 Jan 2021 |
Trading days to sell part of the portfolio
- HalfDays to sell half the portfolio. The trading days the fund house says it would take to sell half of every holding, in proportion, trading a set fraction of each stock's recent daily volume. Days to sell half the portfolio in the glossary
- A quarterDays to sell a quarter of the portfolio. The trading days the fund house says it would take to sell a quarter of every holding, in proportion, trading a set fraction of each stock's recent daily volume. Days to sell a quarter of the portfolio in the glossary
Stress test, Sep 2026
- Days to sell half
- 2
- Days to sell a quarter
- 1
- Ten largest investorsTen largest investors' share. The share of the fund's assets held by its ten largest investors, as the fund house states it. Ten largest investors' share in the glossary
- 6.18%
- Portfolio P/EPortfolio P/E. The price to earnings ratio of the fund's stocks taken together, on the last twelve months' profit, as the fund house states it. Portfolio P/E in the glossary
- 38.7
- Benchmark P/EBenchmark P/E. The price to earnings ratio of the fund's benchmark index on the last twelve months' profit, as the fund house states it. Benchmark P/E in the glossary
- 34.5
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Apr 2022 to Aug 202653 months | Very High | Very HighNifty Smallcap 250 TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
LIC MF Small Cap Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Dikshit MittalPrimary | Jul 2025 | +3.34%a year | −4.63% | +7.97 pts | 33.3% | 21.7% | 3 | ₹3,766 Cr |
| Sudhanshu AsthanaComanage | Sep 2026 | −9.39%over 55 days | −9.71% | +0.32 pts | – | – | 6 | ₹5,552 Cr₹3,574 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| LIC MF Multi Cap FundDikshit Mittal | Dec 2022 | +16.41%a year | +11.30% | +5.11 pts | ₹2,187 Cr |
| LIC MF Dividend Yield FundDikshit Mittal | Jul 2023 | +15.78%a year | +8.60% | +7.18 pts | ₹738 Cr |
| LIC MF Large & Mid Cap FundSudhanshu Asthana | Apr 2026 | +0.36%over 202 days | +2.21% | −1.85 pts | ₹2,949 Cr |
| LIC MF Flexi Cap FundSudhanshu Asthana | Apr 2026 | +7.00%over 202 days | +2.15% | +4.86 pts | ₹1,038 Cr |
| LIC MF Mid Cap FundSudhanshu Asthana | Sep 2026 | −11.56%over 55 days | −10.45% | −1.12 pts | ₹369 Cr |
| LIC MF Banking and Financial Services FundSudhanshu Asthana | Apr 2026 | −3.37%over 202 days | −0.15% | −3.23 pts | ₹256 Cr |
| LIC MF Healthcare FundSudhanshu Asthana | Apr 2026 | +15.73%over 202 days | – | – | ₹99 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| JM Small Cap FundJM Financial Mutual Fund | 22.39% | 14 |
| ITI Small Cap FundITI Mutual Fund | 19.42% | 16 |
| Mahindra Manulife Small Cap FundMahindra Manulife Mutual Fund | 18.51% | 14 |
| Helios Small Cap FundHelios Mutual Fund | 17.88% | 16 |
| HSBC Small Cap FundHSBC Mutual Fund | 17.80% | 17 |
| Union Small Cap FundUnion Mutual Fund | 17.68% | 15 |
| Edelweiss Small Cap FundEdelweiss Mutual Fund | 16.54% | 15 |
| Aditya Birla Sun Life Small Cap FundAditya Birla Sun Life Mutual Fund | 15.61% | 10 |
| Sundaram Small Cap FundSundaram Mutual Fund | 15.55% | 15 |
| UTI Small Cap FundUTI Mutual Fund | 15.55% | 16 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| LIC MF Dividend Yield FundLIC Mutual Fund | 27.93% |
| LIC MF Manufacturing FundLIC Mutual Fund | 25.70% |
| LIC MF Multi Cap FundLIC Mutual Fund | 24.78% |
| LIC MF Value FundLIC Mutual Fund | 21.73% |
| LIC MF Infrastructure FundLIC Mutual Fund | 17.42% |
| LIC MF Unit Linked Insurance Scheme (ULIS)LIC Mutual Fund | 16.81% |
| LIC MF Mid Cap FundLIC Mutual Fund | 16.52% |
| LIC MF Flexi Cap FundLIC Mutual Fund | 16.21% |
| LIC MF ELSS Tax Saver FundLIC Mutual Fund | 16.12% |
| LIC MF Focused FundLIC Mutual Fund | 15.81% |
As the fund house states it, for Aug 2026.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
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. There can be no assurance that the investment objective under the Scheme will be realized.
Asset allocation
- Instrument: - Equity & Equity related instruments of Small Cap Companies Indicative allocation (% to total Assets): Minimum: 65%
- Maximum: 100%;
- Instrument: -Equity and equity related instruments other than Smallcap companies, Money market instruments, other liquid instruments, INVITs and mutual fund units including Gold/ Silver ETFs: Minimum: 0%
- Maximum: 35%. Please refer the Scheme Information Document for complete details.
Type of scheme
An open-ended equity scheme predominantly investing in small cap stocks
- Benchmark
- NIFTY Smallcap 250 - TRI
- Second benchmarkSecond benchmark. An additional index the fund house chose to compare the fund with, beside the first benchmark, which every fund of its category shares. Second benchmark in the glossary
- NIFTY 50 - TRI
- Risk level at launch
- Moderately High
- New fund offer
- 1 Jun 2017 to 15 Jun 2017
- Units first allotted
- 21 Jun 2017
- Open for sale again
- 29 Jun 2017
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 152004 | INF397L01JS1 | LIC_MF_SMAL_1FREGJ2 | 29 Jun 2017 | |
| Regular Growth | 152003 | INF397L01JW3 | LIC_MF_SMAL_1R61MWM | 29 Jun 2017 | |
| Direct IDCW | 152005 | INF397L01JP7 | INF397L01JQ5 | LIC_MF_SMAL_TK4CR2 | 29 Jun 2017 |
| Regular IDCW | 152006 | INF397L01JT9 | INF397L01JU7 | LIC_MF_SMAL_YMVDMJ | 29 Jun 2017 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Lic-mf-factsheet-30 th-september-2026-275881603LIC Mutual Fund, Sep 2026
Statement of additional information
- SAI LIC Mutual FundLIC Mutual Fund, Oct 2026
Annual report
- LIC-MF-Annual-Report-2025-26LIC Mutual Fund, Mar 2026
- LIC-MF-Aggressive-Hybrid-Fund CombinedLIC Mutual Fund, Mar 2026
- LIC-MF-Arbitrage-Fund CombinedLIC Mutual Fund, Mar 2026
- LIC-MF-Balanced-Advantage-Fund CombinedLIC Mutual Fund, Mar 2026
Riskometer disclosure
- 1791450720-LIC-MF-Schemes-&-Benchmark-Risk-o-meter-as-on-September-30,-2026LIC Mutual Fund, Sep 2026
Portfolio overlap disclosure
- 1791277986-Portfolio Overlap 30Sep2026 websiteLIC Mutual Fund, Sep 2026