Bank of India Value Fund vs LIC MF Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Value Fund and LIC MF Value Fund are both Value and Contra funds. Bank of India Value Fund charges 1.70% a year and LIC MF Value Fund 1.78% (Direct plans). Their portfolios overlap 1.9%: they hold 2 of the same securities.
Which is better, Bank of India Value or LIC MF Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Value costs less: 1.70% a year against 1.78% (Direct plans).
- Bank of India Value fell less in its worst fall since 22-09-2026: −5.6% against −9.5%.
- LIC MF Value holds more in large companies: 32.8% of the fund in large caps against 2.0%.
- Bank of India Value is the larger fund: ₹356 Cr against ₹336 Cr.
- Their portfolios overlap 1.9%: 2 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bank of India Value Fund | LIC MF Value Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | LIC Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹356 Cr (30-09-2026) | ₹336 Cr (30-09-2026) |
| NAV | ₹9.81 (Direct) | ₹29.46 (Direct) |
| Expense ratio (Direct) | 1.70% | 1.78% |
| Expense ratio (Regular) | 2.79% | 3.22% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 21-09-2026 | 20-08-2018 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | and for Direct Plan | Mahesh Bendre |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | 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. |
Bank of India Value vs LIC MF Value: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bank of India Value Fund (Direct) | −2.10% | -- | -- | -- | -- | -- | -- |
| LIC MF Value Fund (Direct) | −5.40% | −3.78% | +5.94% | +10.90% | +16.07% | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
Bank of India Value vs LIC MF Value: Year-wise Returns
| Year | Bank of IndiaBank of India Value | LIC MFLIC MF Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | -- | +11.43% | −7.51% |
| 2025 | -- | −5.73% | +7.76% |
| 2024 | -- | +30.38% | +16.24% |
Bank of India Value vs LIC MF Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Bank of India Value vs LIC MF Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Value Fund (Direct) | LIC MF Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −18.42% | +14.94% |
| Standard deviation | 12.41% | 16.73% |
| Sharpe ratio | -1.93 | 0.53 |
| Sortino ratio | -2.52 | 0.71 |
| Maximum drawdown | −5.6% (23-10-2026) | −25.2% (03-03-2025) |
| Beta | 0.47 | 1.08 |
| Alpha | −6.59% | +5.67% |
From daily NAVs, 22-09-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bank of India Value Fund (Direct)
LIC MF Value Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Value Fund (Direct) | −5.6% | 06-10-2026 | 23-10-2026 | Not yet | -- | −2.7% |
| LIC MF Value Fund (Direct) | −9.5% | 23-09-2026 | 23-10-2026 | Not yet | -- | −7.6% |
| Nifty 500 TRI | −6.5% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.5% |
From daily values since 22-09-2026, the first day every fund has.
Bank of India Value vs LIC MF Value: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Value Fund, September 2026; LIC MF Value Fund, September 2026
Holdings in common
- Overlap
- 1.9%
- Held by both
- 2
- Only in Bank of India Value
- 1
- Only in LIC MF Value
- 48
| Security | % of Bank of India Value | % of LIC MF Value |
|---|---|---|
| HDFC Bank Limited | 1.02% | 3.51% |
| Kotak Mahindra Bank Limited | 1.00% | 0.84% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 1.9% means 1.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bank of India Value Fund
| Security | % of fund |
|---|---|
| Navin Fluorine International Limited | 2.04% |
Largest holdings only in LIC MF Value Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 7.68% |
| Tata Motors Passenger Vehicles Ltd. | 5.03% |
| Kirloskar Brothers Ltd. | 3.60% |
| NSE India Ltd. | 3.36% |
| Schaeffler India Ltd. | 3.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Value | LIC MF Value |
|---|---|---|
| Equity | 4.1% | 97.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 95.9% | 3.0% |
Market cap of stocks
| Market cap | Bank of India Value | LIC MF Value |
|---|---|---|
| Large Cap | 2.0% | 32.8% |
| Mid Cap | 0.0% | 10.6% |
| Small Cap | 2.0% | 42.0% |
| Not on AMFI's list | 0.0% | 11.6% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bank of India Value | LIC MF Value |
|---|---|---|
| Auto Components | 0.0% | 13.4% |
| Banks | 2.0% | 10.3% |
| Industrial Products | 0.0% | 9.1% |
| Automobiles | 0.0% | 8.2% |
| Industrial Manufacturing | 0.0% | 8.1% |
| Agricultural, Commercial & Construction Vehicles | 0.0% | 5.3% |
| Chemicals & Petrochemicals | 2.0% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Value vs LIC MF Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Value Fund | LIC MF Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.70% | 1.78% |
| Base expense ratio (Direct) | 1.17% | 0.86% |
| Total expense ratio (Regular) | 2.79% | 3.22% |
| Base expense ratio (Regular) | 2.10% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Bank of India Value Fund vs LIC MF Value Fund: Frequently Asked Questions
What is the difference between Bank of India Value Fund and LIC MF Value Fund?
Both are Value and Contra funds, run by Bank of India Mutual Fund and LIC Mutual Fund. Their portfolios overlap 1.9%. Bank of India Value Fund charges 1.70% a year and LIC MF Value Fund 1.78%.
Which has the lower expense ratio, Bank of India Value Fund or LIC MF Value Fund?
Bank of India Value Fund charges less: 1.70% a year against 1.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Value Fund and LIC MF Value Fund overlap?
1.9%. They hold 2 of the same securities, the largest shared ones being HDFCBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Value Fund or LIC MF Value Fund?
On SEBI's riskometer, Bank of India Value Fund is rated Very High and LIC MF Value Fund Very High. Over their common history, the standard deviation of daily returns was 12.41% and 16.73% a year.
Can I invest in both Bank of India Value Fund and LIC MF Value Fund?
Yes. 1.9% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Bank of India Value Fund and LIC MF Value Fund?
Bank of India Value Fund: and for Direct Plan. LIC MF Value Fund: Mahesh Bendre.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.