LIC MF Unit Linked Insurance Scheme (ULIS) Direct IDCW NAV today
AMFI: 120259ISIN: INF767K01DO9MUTF_IN: LIC_MF_UNIT_GPQGHCLIC Mutual FundDynamic Asset Allocation or Balanced Advantage funds
Formerly LIC Mf Ulis
NAV ₹39.1351
NAV for 27 Oct 2026. Declared once a day.
Other plans: Regular IDCW ₹34.7479
- 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
- ₹424 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
- 1.80%23 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- None
- 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
- 42.130 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
- 4830 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
- 19 Jun 1989
LIC MF Unit Linked Insurance Scheme (ULIS) returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
At the month end, 30 Sep 2026
| Over | FundTrailing 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 | 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 | +0.30% | −0.92% |
| 3 years | +7.44% | +8.11% |
| 5 years | +6.76% | +7.57% |
| 10 years | +10.14% | +10.82% |
| Since launch | +10.74% | +11.65% |
Benchmark: CRISIL Hybrid 35+65 - Aggressive Index. Both as the fund house states them for the month.
LIC MF Unit Linked Insurance Scheme (ULIS) 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
- 0.99 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
- 1.80%Over the last 30 days filed
- Regular, 30-day average
- 2.79%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.82%, Sep 2026.Direct plan lowest 0.83%, Mar 2024.
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 | 1.19% | 2.10% |
| Brokerage | 0.13% | 0.13% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.47% | 0.55% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Buying and selling
- SIP minimum
- 1000, 3000 |
- SIP dates
- Every month 15th |
How LIC MF Unit Linked Insurance Scheme (ULIS) is taxed
Tax depends on the fund's own mix. With 65% or more in shares of listed Indian companies, gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year, and gains on units held 12 months or less at 20%; with more than 65% in debt and money market instruments, gains on units bought on or after 1 Apr 2023 are taxed at the income tax slab rate however long they are held, and on units bought earlier at 12.5% after 24 months; otherwise, gains on units held over 24 months are taxed at 12.5%, and gains on units held 24 months or less at the income tax slab rate.
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 1 Apr 2025, checked 27 Oct 2026. Surcharge and cess are not included.
LIC MF Unit Linked Insurance Scheme (ULIS) 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.
- ₹440 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
- 4.7%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹522 Cr, quarter to Sep 2024.
Assets at each month end
Highest ₹529 Cr, Aug 2024.Lowest ₹234 Cr, Mar 2020.
LIC MF Unit Linked Insurance Scheme (ULIS) 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 | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. Yield to maturity 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 | ||||
|---|---|---|---|---|---|---|---|
| Divi's LaboratoriesPharmaceuticals & Biotechnology | Shares | Large cap50th | 4.00% | 16.98 | 18,276 | – | Apr 2020 |
| Bajaj AutoAutomobiles | Shares | Large cap31st | 3.97% | 16.85 | 15,500 | – | Jul 2026 |
| Sona BLW Precision ForgingsAuto Components | Shares | Mid cap248th | 3.91% | 16.60 | 2,00,000 | – | Jul 2026 |
| Solar Industries IndiaChemicals & Petrochemicals | Shares | Large cap73rd | 3.88% | 16.45 | 8,350 | – | Jul 2026 |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | Shares | Large cap61st | 3.62% | 15.36 | 32,000 | – | Mar 2025 |
| 7.63% State Government of MaharashtraSOVEREIGN, 7.63% coupon, repaid 31 Jan 2036 | Bonds and bills | 3.53% | 14.99 | 15,00,000 | 7.99% | May 2024 | |
| Bharti AirtelTelecom - Services | Shares | Large cap3rd | 3.31% | 14.06 | 80,000 | – | Mar 2020 |
| Titan CompanyConsumer Durables | Shares | Large cap18th | 3.13% | 13.29 | 28,966 | – | Apr 2020 |
| FSN E-Commerce VenturesRetailing | Shares | Mid cap141st | 2.79% | 11.84 | 3,70,000 | – | Jul 2026 |
| Navin Fluorine InternationalChemicals & Petrochemicals | Shares | Small cap251st | 2.62% | 11.11 | 13,474 | – | Oct 2022 |
| EternalRetailing | Shares | Large cap37th | 2.56% | 10.88 | 3,40,000 | – | Jul 2026 |
| 6.94% Government of IndiaSOVEREIGN, 6.94% coupon, repaid 11 May 2036 | Bonds and bills | 2.38% | 10.11 | 10,00,000 | 7.31% | Jul 2026 | |
| Garware Hi-Tech FilmsIndustrial Products | Shares | Small cap553rd | 2.31% | 9.82 | 14,000 | – | Mar 2025 |
| Zydus LifesciencesPharmaceuticals & Biotechnology | Shares | Mid cap114th | 2.30% | 9.76 | 84,000 | – | Jul 2026 |
| Avenue SupermartsRetailing | Shares | Large cap33rd | 2.04% | 8.64 | 22,730 | – | Oct 2018 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Treps | 8.03% | 34.07 |
| Net Receivables / (Payables) | 1.58% | 6.69 |
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
- 4.00%Divi's Laboratories
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 19.38%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 34.76%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out. Top 10 shares in the glossary
- 33.79%
- 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
- 38.0Taken over 90.40% 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 shares76.28%
- Bonds and bills14.11%
- Cash and receivables9.60%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap43.21%Category 68.10%
- Mid cap25.62%Category 16.88%
- Small cap26.12%Category 13.11%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 3.86% of the fund. Category is the average of 38 Dynamic Asset Allocation or Balanced Advantage 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 glossary12sectors
- Healthcare14.62%Category 5.93%
- Capital Goods11.43%Category 4.42%
- Automobile And Auto Components10.74%Category 4.63%
- Financial Services10.40%Category 19.92%
- Consumer Services8.76%Category 3.61%
- Chemicals6.49%Category 1.38%
- Telecommunication3.31%Category 2.53%
- Consumer Durables3.13%Category 1.74%
- Information Technology2.63%Category 3.54%
- Fast Moving Consumer Goods2.61%Category 3.14%
- Construction1.20%Category 1.64%
- Services0.97%Category 1.51%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 38 Dynamic Asset Allocation or Balanced Advantage funds. Category average. The sector's weight, less the futures sold on it, averaged over the 38 Dynamic Asset Allocation or Balanced Advantage 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 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Healthcare6 companies | 14.62% | 12.37% | 11.92% | 5.32% | 5.54% | 5.30% | 5.32% | 5.26% | 5.09% | 5.04% | 5.03% | 5.09% | |
| Capital Goods7 companies | 11.43% | 9.85% | 9.19% | 11.30% | 10.60% | 10.22% | 9.32% | 9.32% | 8.88% | 8.55% | 8.78% | 9.11% | |
| Automobile And Auto Components4 companies | 10.74% | 8.36% | 2.86% | 1.72% | 1.67% | 1.77% | 1.73% | 1.92% | 1.88% | 2.07% | 1.95% | 2.05% | |
| Financial Services7 companies | 10.40% | 12.26% | 15.76% | 24.63% | 23.72% | 24.59% | 24.52% | 26.62% | 26.23% | 25.65% | 25.62% | 25.57% | |
| Consumer Services4 companies | 8.76% | 8.73% | 11.81% | 6.82% | 6.34% | 6.46% | 5.78% | 5.78% | 5.65% | 5.93% | 5.89% | 6.42% | |
| Chemicals2 companies | 6.49% | 6.39% | 5.00% | 6.97% | 6.95% | 6.57% | 6.72% | 6.65% | 6.83% | 6.88% | 6.56% | 6.74% | |
| Telecommunication1 company | 3.31% | 3.25% | 3.56% | 2.08% | 2.14% | 2.18% | 2.21% | 2.14% | 2.24% | 2.32% | 2.27% | 2.26% | |
| Consumer Durables1 company | 3.13% | 3.32% | 3.19% | 2.89% | 2.78% | 3.20% | 3.08% | 3.09% | 2.89% | 2.88% | 2.73% | 2.69% | |
| Information Technology2 companies | 2.63% | 6.47% | 7.05% | 3.95% | 4.69% | 4.85% | 5.30% | 5.19% | 7.48% | 7.24% | 7.15% | 6.95% | |
| Fast Moving Consumer Goods2 companies | 2.61% | 3.91% | 4.52% | 6.43% | 6.55% | 6.62% | 5.98% | 6.33% | 6.23% | 6.48% | 6.32% | 6.66% | |
| Construction1 company | 1.20% | 1.11% | 1.12% | 1.21% | 1.29% | 1.51% | 1.25% | 1.36% | 1.13% | 1.21% | 1.32% | 1.47% | |
| Services1 company | 0.97% | 1.02% | 0.33% | 0.98% | 2.11% | 1.84% | 2.20% | 1.08% | 1.14% | 1.12% | 1.11% | 1.24% |
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.
- Yield to maturity
- 7.54%Lines stating a yield: 63.74% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio. Yield after expenses in the glossary
- 5.72%Direct plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal. Macaulay duration in the glossary
- 301days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates. Modified duration in the glossary
- 287days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid. Average maturity in the glossary
- 1.35years
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over. Maturity date known in the glossary
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window. Perpetual bonds in the glossary
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared. Credit rating in the glossaryLoans of over a year
- Sovereign10.25%
- AAA3.86%
Other
- Overnight lending8.03%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off. Maturity profile in the glossary- Up to 1 month9.24%
- 1 to 3 monthsNone
- 3 to 6 monthsNone
- 6 to 12 monthsNone
- 1 to 3 years1.45%
- 3 to 5 years0.84%
- 5 to 10 years8.33%
- Over 10 years2.28%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out. Lending to one borrower in the glossary
- 1.22%Jamnagar Utilities & Power Private Limited
- Top 5 borrowers
- 3.86%
- Top 10 borrowers
- 3.86%
Per cent of the fund's net assets. Lent outside the government: 3.86% of the fund, to 4 borrowers; the borrower is named for 100.00% of it, its group for 31.30%.
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
- 22.90% 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
- 46.16% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same. Matured in the glossary
- 2
- 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
- 4
- 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
- 3
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 39
- 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
- 2.90%
- 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
- 15.45%
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 | ||||
|---|---|---|---|---|---|
| Oracle Financial Services Software | Sold out | – | 2.81% | −2.81 pts | −10,000 |
| 182 DAYS TBILL RED 03-09-2026 | Matured | – | 2.24% | −2.24 pts | – |
| Sona BLW Precision Forgings | Added | 3.91% | 1.77% | +2.14 pts | +1,03,000 |
| ICICI Bank | Trimmed | 1.25% | 3.26% | −2.02 pts | −60,000 |
| National Stock Exchange of India | New | 1.92% | 0.00% | +1.92 pts | +46,298 |
| Bajaj Finance | Trimmed | 1.36% | 3.11% | −1.75 pts | −71,000 |
| INDO-MIM | Added | 1.93% | 0.20% | +1.74 pts | +56,000 |
| Tata Consumer Products | Sold out | – | 1.30% | −1.30 pts | −55,643 |
| 7.41% Government of India | Sold out | – | 1.17% | −1.17 pts | −5,00,000 |
| 91 DAYS TBILL RED 03-09-2026 | Matured | – | 1.12% | −1.12 pts | – |
| 7.43% Jamnagar Utilities & Power Pvt. Ltd. | Trimmed | 1.22% | 2.33% | −1.11 pts | −500 |
| Torrent Pharmaceuticals | Added | 3.62% | 2.61% | +1.01 pts | +9,000 |
| Yatharth Hospital & Trauma Care Services | New | 0.97% | 0.00% | +0.97 pts | +40,000 |
| Tata Consultancy Services | Sold out | – | 0.88% | −0.88 pts | −16,295 |
| Bajaj Auto | Added | 3.97% | 3.73% | +0.24 pts | +1,800 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Divi's Laboratories | 2.72%Cut | 2.57%Cut | 2.59% | 2.54% | 2.69% | 2.72%Cut | 2.77% | 2.87% | 2.73% | 3.32% | 3.88% | 4.00% |
 Bajaj Auto | – | – | – | – | – | – | – | – | – | 1.17%Bought again | 3.73%Added | 3.97%Added |
 Sona BLW Precision Forgings | – | – | – | – | – | – | – | – | – | 1.69%Bought | 1.77% | 3.91%Added |
 Solar Industries India | – | – | – | – | – | – | – | – | – | 1.81%Bought again | 3.77%Added | 3.88% |
 Torrent Pharmaceuticals | 0.40%Cut | 0.41%Cut | 0.44% | 0.46% | 0.51% | 0.54%Cut | 0.50% | 0.53% | 0.53% | 2.08%Added | 2.61%Added | 3.62%Added |
| 7.63% State Government of Maharashtra | 3.35% | 3.39% | 3.45% | 3.44% | 3.48% | 3.79% | 3.56% | 3.61% | 3.55% | 3.43% | 3.38% | 3.53% |
 Bharti Airtel | 2.26%Cut | 2.27%Cut | 2.32% | 2.24% | 2.14% | 2.21%Cut | 2.18% | 2.14% | 2.08% | 3.56%Added | 3.25% | 3.31% |
 Titan Company | 2.40%Cut | 2.46%Cut | 2.60% | 2.64% | 2.88% | 2.86%Cut | 2.96% | 2.78% | 2.89% | 3.19% | 3.32% | 3.13% |
 FSN E-Commerce Ventures | – | – | – | – | – | – | – | – | – | 2.79%Bought | 2.90% | 2.79% |
 Navin Fluorine International | 1.32%Cut | 1.30%Cut | 1.38% | 1.47% | 1.50% | 1.61%Cut | 1.67% | 1.76% | 1.83% | 2.30%Added | 2.62% | 2.62% |
 Eternal | – | – | – | – | – | – | – | – | – | 2.32%Bought | 2.50% | 2.56% |
| 6.94% Government of India | – | – | – | – | – | – | – | – | – | 2.31%Bought | 2.29% | 2.38% |
 Garware Hi-Tech Films | 1.41%Cut | 1.59%Cut | 1.29% | 1.29% | 1.80% | 1.58%Cut | 1.74% | 2.69% | 2.82% | 2.26%Cut | 2.24% | 2.31% |
 Zydus Lifesciences | – | – | – | – | – | – | – | – | – | 2.14%Bought again | 2.19% | 2.30% |
 Avenue Supermarts | 2.09%Cut | 1.97%Cut | 1.91% | 1.92% | 2.01% | 2.25%Cut | 2.43% | 2.17% | 2.26% | 2.01% | 1.99% | 2.04% |
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 54.0% in Sep 2026
Risk ratios
NAV to 27 Oct 2026
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 |
|---|---|---|
| Jun 2025 to Aug 202615 months | Very High | HighCRISIL Hybrid 35+65 - Aggressive Index |
| Oct 2021 to Jan 202540 months | Very High | Very HighCRISIL Hybrid 35+65 - Aggressive Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
LIC MF Unit Linked Insurance Scheme (ULIS) 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 | ||
|---|---|---|---|---|---|---|---|---|
| Siddharth PanjwaniFund Manager - Equity; Equity | Jul 2026 | – | – | – | 62.2% | 6.1% | 6 | ₹1,176 Cr |
| Pratik Harish ShroffFund Manager - Debt; Debt | Sep 2023 | – | – | – | 4.3% | 3.9% | 15 | ₹13,296 Cr |
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 Aggressive Hybrid FundSiddharth Panjwani | Sep 2026 | −5.42%over 55 days | – | – | ₹561 Cr |
| LIC MF Money Market FundPratik Harish Shroff | Oct 2025 | +6.43%a year | – | – | ₹3,979 Cr |
| LIC MF Ultra Short to Short Term FundPratik Harish Shroff | Oct 2025 | +6.06%a year | – | – | ₹1,900 Cr |
| LIC MF Nifty 8-13 yr G-Sec ETFPratik Harish Shroff | Sep 2023 | – | +5.98% | – | ₹1,704 Cr |
| LIC MF Banking & PSU Debt FundPratik Harish Shroff | Sep 2023 | +6.97%a year | – | – | ₹1,598 Cr |
| LIC MF Ultra Short Term FundPratik Harish Shroff | Oct 2025 | +6.53%a year | – | – | ₹1,420 Cr |
| LIC MF Multi Asset Allocation FundPratik Harish Shroff | Feb 2025 | +9.54%a year | – | – | ₹966 Cr |
| LIC MF Aggressive Hybrid FundPratik Harish Shroff | Sep 2023 | +9.46%a year | – | – | ₹561 Cr |
| LIC MF Arbitrage FundPratik Harish Shroff | Sep 2023 | +7.08%a year | +7.41% | −0.34 pts | ₹305 Cr |
| LIC MF Medium to Long Term FundPratik Harish Shroff | Sep 2023 | +6.84%a year | – | – | ₹173 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 | |
|---|---|---|
| LIC MF Balanced Advantage FundLIC Mutual Fund | 21.30% | 14 |
| ICICI Prudential Balanced Advantage FundICICI Prudential Mutual Fund | 16.52% | 18 |
| Helios Balanced Advantage FundHelios Mutual Fund | 15.88% | 10 |
| PGIM India Balanced Advantage FundPGIM India Mutual Fund | 15.59% | 13 |
| Union Balanced Advantage FundUnion Mutual Fund | 15.21% | 16 |
| Bajaj Finserv Balanced Advantage FundBajaj Finserv Mutual Fund | 14.91% | 9 |
| WhiteOak Capital Balanced Advantage FundWhiteOak Capital Mutual Fund | 14.82% | 15 |
| Mahindra Manulife Balanced Advantage FundMahindra Manulife Mutual Fund | 14.56% | 11 |
| ITI Balanced Advantage FundITI Mutual Fund | 14.34% | 11 |
| Baroda BNP Paribas Balanced Advantage FundBaroda BNP Paribas Mutual Fund | 14.21% | 12 |
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 Flexi Cap FundLIC Mutual Fund | 26.50% |
| LIC MF Large Cap FundLIC Mutual Fund | 25.63% |
| LIC MF Large & Mid Cap FundLIC Mutual Fund | 21.94% |
| LIC MF Technology FundLIC Mutual Fund | 20.47% |
| LIC MF Small Cap FundLIC Mutual Fund | 16.81% |
| LIC MF Consumption FundLIC Mutual Fund | 16.07% |
| LIC MF Multi Cap FundLIC Mutual Fund | 15.94% |
| LIC MF Dividend Yield FundLIC Mutual Fund | 14.44% |
| LIC MF Healthcare FundLIC Mutual Fund | 13.17% |
| LIC MF Mid Cap FundLIC Mutual Fund | 12.39% |
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
An open ended scheme which seeks to generate long term capital appreciation and offer Tax benefits u/s 80C of the Income Tax Act as well as additional benefit of a life cover. There is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Under Not Applicablenormal circumstances, the asset allocation of the Scheme would be as follows: Equity and equity related instruments - 65% to 80% of total assets Debt / Money mkt. - 20% to 35%
- Note: Debt includes Government Securities & securitised debt. Please refer the Scheme Information Document for complete details
Type of scheme
An open-ended Insurance Linked Tax Saving Scheme.
- Stated category
- LIC Mf Unit Linked Insurance Scheme is yet to be categorised in terms of Sebi circular Categorization and Rationalization of Mutual Fund Schemes
- 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
- Crisil Hybrid 35 + 65 - Aggressive Index
- Risk level at launch
- Very High
- New fund offer
- 19 Jun 1989 to 19 Jun 1989
- Units first allotted
- 19 Jun 1989
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹10,000
Plans and codes
| Plan | AMFI code | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct IDCW | 120259 | INF767K01DO9 | LIC_MF_UNIT_GPQGHC | 1 Mar 2013 |
| Regular IDCW | 100325 | INF767K01964 | LIC_MF_UNIT_GJ38JL | 3 Apr 2006 |
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