LIC MF Children's Fund vs NJ Momentum Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Children's Fund is a Solution fund and NJ Momentum Fund is a Thematic fund. LIC MF Children's Fund charges 2.10% a year and NJ Momentum Fund 1.72% (Direct plans). Their portfolios overlap 24.7%: they hold 11 of the same securities.
Which is better, LIC MF Children's or NJ Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- NJ Momentum costs less: 1.72% a year against 2.10% (Direct plans).
- LIC MF Children's fell less in its worst fall since 03-08-2026: −10.7% against −10.8%.
- Their portfolios overlap 24.7%: 11 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 | LIC MF Children's Fund | NJ Momentum Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | NJ Mutual Fund |
| Category | Solution | Thematic |
| AUM | ₹16 Cr (30-09-2026) | Not available |
| NAV | ₹36.40 (Direct) | ₹9.60 (Direct) |
| Expense ratio (Direct) | 2.10% | 1.72% |
| Expense ratio (Regular) | 2.84% | 3.51% |
| Riskometer | Very High | Very High |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | Nifty 500 TRI |
| Launch date | 16-10-2001 | 30-07-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | 5 years, or until the child turns 18 if earlier | None |
| Fund managers | Siddharth Panjwani, Pratik Harish Shroff | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Nil (Lock-in Period:- Lock-in-period for at least 5 years or till the child attains age of majority whichever is earlier | Nil |
LIC MF Children's vs NJ Momentum: 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Children's Fund (Direct) | −3.64% | −4.27% | +2.42% | −1.53% | +7.86% | +6.90% | +7.97% |
| NJ Momentum Fund (Direct) | −3.42% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
LIC MF Children's vs NJ Momentum: Year-wise Returns
| Year | LIC MF Children'sLIC MF Children's | NJ MomentumNJ Momentum |
|---|---|---|
| 2026to date | −0.67% | -- |
| 2025 | −4.19% | -- |
| 2024 | +19.55% | -- |
| 2023 | +22.65% | -- |
| 2022 | −0.21% | -- |
| 2021 | +16.67% | -- |
LIC MF Children's vs NJ Momentum: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of NJ Momentum Fund
LIC MF Children's vs NJ Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Children's Fund (Direct) | NJ Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.53% | −16.97% |
| Standard deviation | 12.97% | 16.11% |
| Sharpe ratio | 0.27 | -1.38 |
| Sortino ratio | 0.36 | -1.73 |
| Maximum drawdown | −31.2% (23-03-2020) | −10.8% (23-10-2026) |
| Beta | -- | 1.16 |
| Alpha | -- | +17.26% |
From daily NAVs, 16-01-2013 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.
LIC MF Children's Fund (Direct)
NJ Momentum Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Children's Fund (Direct) | −10.7% | 17-08-2026 | 23-10-2026 | Not yet | -- | −8.2% |
| NJ Momentum Fund (Direct) | −10.8% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.9% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 03-08-2026, the first day every fund has.
LIC MF Children's vs NJ Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Children's Fund, September 2026; NJ Momentum Fund, September 2026
Holdings in common
- Overlap
- 24.7%
- Held by both
- 11
- Only in LIC MF Children's
- 24
- Only in NJ Momentum
- 29
| Security | % of LIC MF Children's | % of NJ Momentum |
|---|---|---|
| Torrent Pharmaceuticals Ltd. | 3.20% | 3.63% |
| Multi Commodity Exchange Of India Ltd. | 3.14% | 4.68% |
| Titan Company Ltd. | 2.90% | 3.84% |
| Radico Khaitan Ltd. | 2.79% | 2.57% |
| Bajaj Auto Ltd. | 3.45% | 2.41% |
| Shriram Finance Ltd. | 2.25% | 3.58% |
| The Federal Bank Ltd. | 2.22% | 3.38% |
| Cummins India Ltd. | 3.10% | 2.20% |
| Kirloskar Oil Engines Ltd. | 1.47% | 4.30% |
| ABB India Ltd. | 1.29% | 2.30% |
| Solar Industries India Ltd. | 2.50% | 1.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 24.7% means 24.7% 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 LIC MF Children's Fund
| Security | % of fund |
|---|---|
| 7.38% Government of India | 9.80% |
| Ajanta Pharma Ltd. | 5.17% |
| Endurance Technologies Ltd. | 3.37% |
| Lumax Auto Technologies Ltd. | 3.23% |
| Mahindra & Mahindra Ltd. | 3.00% |
Largest holdings only in NJ Momentum Fund
| Security | % of fund |
|---|---|
| Welspun Corp Limited | 6.72% |
| Laurus Labs Limited | 4.22% |
| Bharat Forge Limited | 3.57% |
| Lupin Limited | 3.26% |
| Navin Fluorine International Limited | 2.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Children's | NJ Momentum |
|---|---|---|
| Equity | 78.6% | 99.7% |
| Debt | 9.8% | 0.0% |
| Cash and others | 11.6% | 0.3% |
Market cap of stocks
| Market cap | LIC MF Children's | NJ Momentum |
|---|---|---|
| Large Cap | 34.9% | 28.0% |
| Mid Cap | 27.3% | 37.8% |
| Small Cap | 16.5% | 33.9% |
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 | LIC MF Children's | NJ Momentum |
|---|---|---|
| Pharmaceuticals & Biotechnology | 13.2% | 19.7% |
| Industrial Products | 6.4% | 15.7% |
| Banks | 6.8% | 13.1% |
| Auto Components | 6.6% | 10.0% |
| Electrical Equipment | 8.2% | 2.3% |
| Automobiles | 6.5% | 4.7% |
| Finance | 4.3% | 6.4% |
| Chemicals & Petrochemicals | 2.5% | 6.2% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Children's vs NJ Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Children's Fund | NJ Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.10% | 1.72% |
| Base expense ratio (Direct) | 1.39% | 0.58% |
| Total expense ratio (Regular) | 2.84% | 3.51% |
| Base expense ratio (Regular) | 2.09% | 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
LIC MF Children's Fund vs NJ Momentum Fund: Frequently Asked Questions
What is the difference between LIC MF Children's Fund and NJ Momentum Fund?
LIC MF Children's Fund is a Solution fund, NJ Momentum Fund is a Thematic fund, run by LIC Mutual Fund and NJ Mutual Fund. Their portfolios overlap 24.7%. LIC MF Children's Fund charges 2.10% a year and NJ Momentum Fund 1.72%.
Which has the lower expense ratio, LIC MF Children's Fund or NJ Momentum Fund?
NJ Momentum Fund charges less: 1.72% a year against 2.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Children's Fund and NJ Momentum Fund overlap?
24.7%. They hold 11 of the same securities, the largest shared ones being TORNTPHARM, MCX, TITAN. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Children's Fund or NJ Momentum Fund?
On SEBI's riskometer, LIC MF Children's Fund is rated Very High and NJ Momentum Fund Very High. Over their common history, the standard deviation of daily returns was 12.97% and 16.11% a year.
Can I invest in both LIC MF Children's Fund and NJ Momentum Fund?
Yes. 24.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Children's Fund and NJ Momentum Fund?
LIC MF Children's Fund: Siddharth Panjwani, Pratik Harish Shroff. NJ Momentum Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.