LIC MF Value Fund Direct Growth NAV today
AMFI: 152018ISIN: INF397L01KU5MUTF_IN: LIC_MF_VALU_NG7BOMLIC Mutual FundValue funds
Formerly 1, LIC Mf Long Term Value Fund
NAV ₹29.4622down ₹0.25 (0.84%)
NAV for 30 Oct 2026, against 29 Oct 2026. Declared once a day.
Other plans: Direct IDCW ₹29.4307 · Regular IDCW ₹26.9364 · Regular Growth ₹26.9363, −0.84%
- 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
- ₹336 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
- 1.78%23 Oct 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
- 5030 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
- 20 Aug 2018
LIC MF Value 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 | +2.06% | +2.03% | +2.20% | – | – | – |
| 1 month | −5.40% | −5.51% | −0.75% | 23 of 24 | −1.85% | −3.4% to −0.8% |
| 3 months | −3.78% | −4.14% | −6.05% | 2 of 22 | −6.06% | −6.6% to −5.3% |
| 6 months | +5.94% | +5.16% | −2.83% | 1 of 22 | −3.61% | −5.0% to −1.7% |
| 1 year | +10.90% | +9.45% | −7.34% | 1 of 22 | −6.97% | −9.5% to −0.8% |
| 3 years | +16.05% | +14.71% | +10.21% | 4 of 21 | +11.44% | +9.9% to +14.1% |
| 5 years | +12.04% | +10.88% | +8.80% | 8 of 19 | +11.60% | +10.5% to +12.3% |
| 10 years | Needs 10 years | – | – | – | +13.17% | +11.3% to +14.1% |
₹10,000 put in on 28 Aug 2018 is ₹29,403 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 500 TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Value 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 | +22.27% | −2.03% |
| 3 years | +17.14% | +9.50% |
| 5 years | +13.71% | +9.04% |
| Since launch | +15.02% | +11.61% |
Benchmark: Nifty 500 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 500 TRI
- Loss
Highest year to Dec 2021, +35.3%; lowest year to Dec 2025, −5.7%Above the benchmark in 3 of 7 years
LIC MF Value 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 | ₹1,26,345₹1,26,338 after stamp duty | +10.02% | +10.01% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹4,17,047₹4,17,026 after stamp duty | +9.81% | +9.81% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹8,35,851₹8,35,809 after stamp duty | +13.24% | +13.24% | ₹30 | |
| Since Aug 201898 instalments | ₹9,80,000 | ₹18,63,935₹18,63,874 after stamp duty | +15.31% | +15.31% | ₹38 |
10 years: Launched 20 Aug 2018, needs 10 years of history.
A SIP that rises every year: Step-up SIP calculator
Rolling returns
Per cent a year, every window from 28 Aug 2018 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 year1,769 windows−31.2%+16.9%+87.6%81.5%
3 years1,275 windows+10.0%+18.1%+31.0%100.0%
5 years782 windows+11.0%+17.9%+27.3%100.0%
10 yearsLaunched 20 Aug 2018, needs 11 years of history
Every 3 and 5-year window ended higher than it started.
LIC MF Value 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
- 1.44 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
- 3.24%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.87%, Jul 2026.Direct plan lowest 0.96%, 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 | 0.86% | 2.10% |
| Brokerage | 0.25% | 0.25% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.66% | 0.86% |
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
- ₹500
- 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 Value 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 Value 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.
- ₹283 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
- 5.8%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 Aug 2019.Lowest ₹81 Cr, Mar 2020.
LIC MF Value 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 | |||
|---|---|---|---|---|---|
| INDO-MIMIndustrial Manufacturing | 7.68% | 25.81 | 2,07,733 | Jul 2026 | |
| Tata Motors Passenger VehiclesAutomobiles | Large cap79th | 5.03% | 16.89 | 5,95,649 | Feb 2026 |
| Kirloskar BrothersIndustrial Products | Small cap475th | 3.60% | 12.08 | 68,044 | Aug 2026 |
| HDFC BankBanks | Large cap2nd | 3.51% | 11.81 | 1,66,583 | Jul 2023or earlier |
| National Stock Exchange of IndiaCapital Markets | 3.36% | 11.29 | 64,024 | Sep 2026 | |
| Schaeffler IndiaAuto Components | Mid cap168th | 3.32% | 11.16 | 28,643 | Jan 2026 |
| Nephrocare Health ServicesHealthcare Services | Small cap739th | 3.14% | 10.56 | 1,60,000 | Sep 2026 |
| Hyundai Motor IndiaAutomobiles | Large cap51st | 3.12% | 10.48 | 51,590 | Jul 2026 |
| SML MahindraAgricultural, Commercial & Construction Vehicles | Small cap731st | 3.06% | 10.29 | 15,642 | Jul 2026 |
| Saregama IndiaEntertainment | Small cap667th | 2.96% | 9.95 | 1,96,471 | Jun 2026 |
| Tenneco Clean Air IndiaAuto Components | Small cap319th | 2.95% | 9.92 | 1,95,205 | Nov 2025 |
| Sansera EngineeringAuto Components | Small cap440th | 2.84% | 9.55 | 21,038 | Aug 2026 |
| ArvindTextiles & Apparels | Small cap547th | 2.75% | 9.22 | 1,70,766 | Aug 2026 |
| Gabriel IndiaAuto Components | Small cap446th | 2.65% | 8.91 | 66,395 | Jan 2026 |
| Foseco IndiaChemicals & Petrochemicals | Small cap895th | 2.59% | 8.69 | 13,442 | Aug 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Treps | 9.68% | 32.51 |
| Net Receivables / (Payables) | −6.70% | −22.50 |
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
- 7.68%INDO-MIM
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 23.18%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 38.80%
- 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
- 34.2Taken over 97.02% 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 shares97.02%
- Cash and receivables2.98%
Per cent of the fund's net assets.
Large, mid and small cap
- Large cap33.81%Category 56.71%
- Mid cap10.90%Category 15.96%
- Small cap43.36%Category 26.14%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 11.58% of the fund. Category is the average of 24 Value 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 glossary13sectors
- Capital Goods28.06%Category 7.07%
- Automobile And Auto Components21.54%Category 7.71%
- Financial Services15.96%Category 30.44%
- Healthcare8.30%Category 6.88%
- Information Technology3.88%Category 5.78%
- Textiles3.87%Category 0.79%
- Power3.35%Category 3.88%
- Services3.01%Category 1.72%
- Media Entertainment & Publication2.96%Category 0.36%
- Chemicals2.59%Category 1.22%
- Oil Gas & Consumable Fuels1.78%Category 5.61%
- Metals & Mining0.91%Category 2.98%
- Realty0.81%Category 1.26%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 24 Value funds. Category average. The sector's weight, less the futures sold on it, averaged over the 24 Value 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 Goods12 companies | 28.06% | 26.58% | 34.16% | 25.16% | 26.66% | 25.76% | 28.96% | 31.16% | 35.66% | 25.11% | 19.73% | 14.29% | |
| Automobile And Auto Components7 companies | 21.54% | 23.63% | 15.64% | 15.87% | 20.52% | 24.38% | 19.02% | 21.13% | 21.20% | 16.99% | 18.96% | 14.23% | |
| Financial Services9 companies | 15.96% | 12.68% | 14.65% | 17.38% | 13.61% | 13.71% | 9.26% | 8.83% | 8.80% | 9.00% | 9.17% | 14.49% | |
| Healthcare6 companies | 8.30% | 6.90% | 7.34% | 8.03% | 11.16% | 7.57% | 6.26% | 7.64% | 7.03% | 7.06% | 8.01% | 8.04% | |
| Information Technology3 companies | 3.88% | 5.10% | 6.43% | 5.62% | 4.17% | 10.76% | 9.90% | 9.37% | 3.96% | 4.56% | 4.71% | 4.54% | |
| Textiles3 companies | 3.87% | 3.32% | 1.58% | 1.94% | 1.69% | 1.75% | 1.75% | 2.11% | 2.34% | 3.50% | 4.05% | 3.65% | |
| Power2 companies | 3.35% | 3.87% | 4.81% | 4.88% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 1.41% | 1.46% | 1.53% | |
| Services2 companies | 3.01% | 3.77% | 4.44% | 4.84% | 4.30% | 2.22% | 2.96% | 3.93% | 4.09% | 4.21% | 4.84% | 5.38% | |
| Media Entertainment & Publication1 company | 2.96% | 2.94% | 2.54% | 2.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.93% | |
| Chemicals1 company | 2.59% | 3.00% | 0.00% | 0.00% | 0.00% | 1.01% | 1.09% | 1.21% | 1.32% | 2.55% | 2.55% | 2.95% | |
| Oil Gas & Consumable Fuels2 companies | 1.78% | 0.71% | 0.90% | 1.01% | 2.18% | 1.54% | 1.38% | 1.51% | 1.60% | 2.06% | 2.02% | 2.04% | |
| Metals & Mining1 company | 0.91% | 1.02% | 1.24% | 1.52% | 1.93% | 2.03% | 1.36% | 1.52% | 1.81% | 1.27% | 1.32% | 0.00% |
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
- 26.50% 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
- 21.63% 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
- 12
- 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
- 33
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 3
- 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
- 1.63%
- 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
- 16.56%
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 | ||||
|---|---|---|---|---|---|
| National Stock Exchange of India | New | 3.36% | 0.00% | +3.36 pts | +64,024 |
| Nephrocare Health Services | New | 3.14% | 0.00% | +3.14 pts | +1,60,000 |
| HDFC Bank | Added | 3.51% | 0.92% | +2.59 pts | +1,27,368 |
| INDO-MIM | Added | 7.68% | 5.15% | +2.53 pts | +30,481 |
| Kirloskar Brothers | Added | 3.60% | 2.13% | +1.47 pts | +34,205 |
| Gujarat Energy | Added | 1.68% | 0.60% | +1.08 pts | +1,64,349 |
| Ajanta Pharma | Sold out | – | 0.97% | −0.97 pts | −8,100 |
| KSH International | Trimmed | 1.82% | 2.76% | −0.94 pts | −26,876 |
| Arvind | Added | 2.75% | 1.88% | +0.87 pts | +68,926 |
| State Bank of India | Trimmed | 1.87% | 2.65% | −0.78 pts | −10,000 |
| Oracle Financial Services Software | Trimmed | 1.95% | 2.67% | −0.72 pts | −280 |
| Thermax | Sold out | – | 0.66% | −0.66 pts | −5,073 |
| Gabriel India | Trimmed | 2.65% | 3.31% | −0.66 pts | −3,041 |
| Tata Motors | Trimmed | 2.19% | 2.85% | −0.66 pts | −8,002 |
| Bharat Dynamics | Added | 1.95% | 1.32% | +0.63 pts | +28,021 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INDO-MIM | – | – | – | – | – | – | – | – | – | 6.83%Bought | 5.15%Cut | 7.68%Added |
 Tata Motors Passenger Vehicles | Sold out | – | – | – | 3.02%Bought again | 3.90%Added | 3.92% | 3.69%Cut | 3.69%Added | 3.19% | 6.10%Added | 5.03% |
 Kirloskar Brothers | – | – | – | – | – | – | – | – | – | – | 2.13%Bought | 3.60%Added |
 HDFC Bank | 2.26% | 2.28%Cut | 2.22%Cut | 2.17% | 1.96% | 2.56%Added | 2.36% | 2.17% | 3.14%Added | 1.12%Cut | 0.92% | 3.51%Added |
| National Stock Exchange of India | – | – | – | – | – | – | – | – | – | – | – | 3.36%Bought |
 Schaeffler India | – | – | – | 1.49%Bought | 2.07%Added | 2.21%Added | 3.39%Added | 3.23% | 2.38%Cut | 2.26%Added | 3.00%Added | 3.32%Added |
 Nephrocare Health Services | – | – | – | – | – | – | – | – | – | – | – | 3.14%Bought |
 Hyundai Motor India | – | – | – | – | – | – | – | – | – | 1.54%Bought | 2.92%Added | 3.12%Added |
 SML Mahindra | – | – | – | – | – | – | – | – | – | 3.56%Bought | 2.77% | 3.06%Cut |
 Saregama India | 0.93% | Sold out | – | – | – | – | – | – | 2.67%Bought again | 2.54% | 2.94%Added | 2.96%Added |
 Tenneco Clean Air India | – | 1.38%Bought | 3.31%Added | 2.88%Cut | 3.24%Added | 2.51%Cut | 2.43%Cut | 3.17%Added | 2.53%Cut | 2.27%Added | 3.31%Added | 2.95%Added |
 Sansera Engineering | – | – | – | – | – | – | – | – | – | – | 2.93%Bought | 2.84%Cut |
 Arvind | 1.36%Added | 1.49%Cut | 1.33%Cut | 1.05%Cut | 0.79%Cut | 0.53%Cut | Sold out | – | – | – | 1.88%Bought again | 2.75%Added |
 Gabriel India | Sold out | – | – | 0.97%Bought again | 0.98% | 0.83%Cut | 1.42%Added | 1.45% | 1.70%Added | 1.57%Cut | 3.31%Added | 2.65%Cut |
 Foseco India | – | – | – | – | – | – | – | – | – | – | 3.00%Bought | 2.59%Cut |
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 205.0% in Jun 2026
Risk ratios
NAV to 30 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Value funds (21 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 glossary18.68%
11.48%Lowest15.96%Average21.81%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 glossary12.26%
6.30%Lowest9.89%Average12.26%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 glossary0.63
0.05Lowest0.42Average0.81Highest
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 glossary0.90
0.07Lowest0.64Average1.32Highest
Against Nifty 500 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 glossary1.06
0.65Lowest0.97Average1.20Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for. Alpha in the glossary+7.46 pts
−3.40 ptsLowest+3.29 ptsAverage of 16 funds+9.47 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 glossary79.4
74.6Lowest91.3Average97.5Highest
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 glossary0.89
0.86Lowest0.95Average0.99Highest
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 glossary126.4%
81.6%Lowest104.7%Average139.1%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 glossary97.0%
46.5%Lowest90.8%Average107.8%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 20260.99
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 | −10.90% | 26 Feb 2026 | 31 Mar 2026 | 16 Apr 2026 |
| 3 and 5 years | −25.20% | 17 Dec 2024 | 3 Mar 2025 | 15 Jun 2026 |
| Since Aug 2018 | −35.37% | 29 Jan 2020 | 23 Mar 2020 | 11 Nov 2020 |
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 500 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 Value 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 | ||
|---|---|---|---|---|---|---|---|---|
| Mahesh BendreFund Manager | Jul 2024 | +4.71%a year | −1.21% | +5.93 pts | 41.4% | 18.8% | 6 | ₹5,271 Cr₹2,430 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 FundMahesh Bendre | Sep 2026 | −7.63%over 55 days | −8.01% | +0.37 pts | ₹2,187 Cr |
| LIC MF Infrastructure FundMahesh Bendre | Jul 2024 | +1.05%a year | −1.38% | +2.43 pts | ₹1,153 Cr |
| LIC MF Manufacturing FundMahesh Bendre | Oct 2024 | +3.68%a year | −1.16% | +4.84 pts | ₹770 Cr |
| LIC MF Balanced Advantage FundMahesh Bendre | Sep 2026 | −7.01%over 55 days | – | – | ₹653 Cr |
| LIC MF Focused FundMahesh Bendre | Apr 2026 | +6.64%over 202 days | +2.15% | +4.50 pts | ₹171 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 | |
|---|---|---|
| Union Value FundUnion Mutual Fund | 21.08% | 16 |
| Axis Value FundAxis Mutual Fund | 18.09% | 15 |
| ICICI Prudential Value FundICICI Prudential Mutual Fund | 17.42% | 13 |
| HSBC Value FundHSBC Mutual Fund | 16.91% | 13 |
| UTI Value FundUTI Mutual Fund | 15.95% | 11 |
| Baroda BNP Paribas Value FundBaroda BNP Paribas Mutual Fund | 15.73% | 10 |
| Canara Robeco Value FundCanara Robeco Mutual Fund | 15.24% | 11 |
| Sundaram Value FundSundaram Mutual Fund | 15.15% | 9 |
| JM Value FundJM Financial Mutual Fund | 15.12% | 11 |
| HDFC Value FundHDFC Mutual Fund | 14.73% | 10 |
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 Focused FundLIC Mutual Fund | 59.46% |
| LIC MF Manufacturing FundLIC Mutual Fund | 55.13% |
| LIC MF Infrastructure FundLIC Mutual Fund | 50.49% |
| LIC MF Dividend Yield FundLIC Mutual Fund | 23.24% |
| LIC MF Small Cap FundLIC Mutual Fund | 21.73% |
| LIC MF Multi Cap FundLIC Mutual Fund | 21.22% |
| LIC MF Large Cap FundLIC Mutual Fund | 21.03% |
| LIC MF ELSS Tax Saver FundLIC Mutual Fund | 17.67% |
| LIC MF Mid Cap FundLIC Mutual Fund | 17.64% |
| LIC MF Flexi Cap FundLIC Mutual Fund | 14.35% |
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
2021
- 31 DecBenchmarkBenchmark: BSE 500 TRI to Nifty 500 TRI
Fund details
Objective
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. There is no assurance that the investment objective of the Scheme will be realized.
Asset allocation
- Under normal circumstances, the asset allocation of the Scheme would be as follows: Equity and Equity related Instruments- 80% to 100%
- Money market instruments, other liquid instruments, INVITs and mutual funds units including Gold/ Silver ETFs- 0%-20%
- Please refer Scheme Information Document for complete details.
Type of scheme
An open ended equity scheme following value investment strategy
- Benchmark
- NIFTY 500 - TRI
- Risk level at launch
- Moderately High
- New fund offer
- 30 Jul 2018 to 13 Aug 2018
- Units first allotted
- 20 Aug 2018
- Open for sale again
- 27 Aug 2018
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 152018 | INF397L01KU5 | LIC_MF_VALU_NG7BOM | 28 Aug 2018 |
| Regular Growth | 152016 | INF397L01KQ3 | LIC_MF_VALU_GGC3K4 | 28 Aug 2018 |
| Direct IDCW | 152015 | INF397L01KR1 | LIC_MF_VALU_WBKVZQ | 28 Aug 2018 |
| Regular IDCW | 152017 | INF397L01KN0 | LIC_MF_VALU_1LKSJ6H | 28 Aug 2018 |
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