LIC MF Conservative Hybrid Fund vs LIC MF Unit Linked Insurance Scheme (ULIS)
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Conservative Hybrid Fund is a Conservative Hybrid fund and LIC MF Unit Linked Insurance Scheme (ULIS) is an ELSS fund. In the 3 years to 30-10-2026, LIC MF Conservative Hybrid Fund (Direct) returned 6.2% a year and LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) returned 7.1% a year. LIC MF Conservative Hybrid Fund charges 1.68% a year and LIC MF Unit Linked Insurance Scheme (ULIS) 1.80% (Direct plans). Their portfolios overlap 11.7%: they hold 14 of the same securities.
LIC MF Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 6.2%
- Expense ratio
- 1.68%
- NAV
- ₹92.72
LIC MF Unit Linked Insurance Scheme (ULIS)
ELSS
- 3 year return
- 7.1%
- Expense ratio
- 1.80%
- NAV
- ₹39.28
Which is better, LIC MF Conservative Hybrid or LIC MF Unit Linked Insurance Scheme (ULIS)? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Unit Linked Insurance Scheme (ULIS) returned more over 5 years: 6.2% a year against 5.1%.
- LIC MF Unit Linked Insurance Scheme (ULIS) returned more over 3 years: 7.1% a year against 6.2%.
- LIC MF Conservative Hybrid costs less: 1.68% a year against 1.80% (Direct plans).
- LIC MF Conservative Hybrid swung less over 3 years: a standard deviation of 3.4% a year against 10.5%.
- LIC MF Conservative Hybrid fell less in its worst fall since 16-06-2015: −7.9% against −31.0%.
- LIC MF Unit Linked Insurance Scheme (ULIS) holds more in large companies: 33.0% of the fund in large caps against 8.8%.
- LIC MF Unit Linked Insurance Scheme (ULIS) is the larger fund: ₹424 Cr against ₹46 Cr.
- Their portfolios overlap 11.7%: 14 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 Conservative Hybrid Fund | LIC MF Unit Linked Insurance Scheme (ULIS) |
|---|---|---|
| Fund house | LIC Mutual Fund | LIC Mutual Fund |
| Category | Conservative Hybrid | ELSS |
| AUM | ₹46 Cr (30-09-2026) | ₹424 Cr (30-09-2026) |
| NAV | ₹92.72 (Direct) | ₹39.28 (Direct) |
| Expense ratio (Direct) | 1.68% | 1.80% |
| Expense ratio (Regular) | 2.24% | 2.79% |
| Riskometer | Moderately High | Very High |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 01-06-1998 | 19-06-1989 |
| Minimum investment | ₹5,000 | The Scheme has stopped taking new subscriptions (Lumpsum or SIP) from prospective investors. Furthermore, no additional purchase from the existing investors is accepted hereon, with effect from July 01, 2022, till further notice. |
| Lock in | None | 3 years |
| Fund managers | Pratik Harish Shroff, Siddharth Panjwani | Siddharth Panjwani, Pratik Harish Shroff |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. | Nil (Lock-in Period:- Repurchase after lock-in period of 3 years from the date of Investment.) |
LIC MF Conservative Hybrid vs LIC MF Unit Linked Insurance Scheme (ULIS): 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 Conservative Hybrid Fund (Direct) | −1.02% | −2.15% | +0.93% | +0.86% | +6.20% | +5.09% | +6.35% |
| LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) | −2.20% | −4.03% | +0.42% | −4.81% | +7.06% | +6.23% | +9.91% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 18 Conservative Hybrid funds and the 50 ELSS funds, same plan type.
LIC MF Conservative Hybrid vs LIC MF Unit Linked Insurance Scheme (ULIS): Year-wise Returns
| Year | Conservative HybridLIC MF Conservative Hybrid | Unit Linked Insurance Scheme (ULIS)LIC MF Unit Linked Insurance Scheme (ULIS) |
|---|---|---|
| 2026to date | −0.56% | −3.48% |
| 2025 | +6.32% | +3.67% |
| 2024 | +9.29% | +12.96% |
| 2023 | +8.26% | +17.69% |
| 2022 | +1.86% | +1.20% |
| 2021 | +8.30% | +26.69% |
LIC MF Conservative Hybrid vs LIC MF Unit Linked Insurance Scheme (ULIS): Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,025 of them, one for each trading day from 18-06-2018 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
LIC MF Conservative Hybrid Fund (Direct)
LIC MF Unit Linked Insurance Scheme (ULIS) (Direct)
to
Feb 2019Jul 2017
to
Jul 2020Dec 2018
to
Dec 2021May 2020
to
May 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Conservative Hybrid | 0.0 | 0.3 | 97.8 | 1.9 | 0.0 | 0.0 | 0.0 | 7.2% | 7.0% | 4.2% | 10.8% |
| LIC MF Unit Linked Insurance Scheme (ULIS) | 0.4 | 7.5 | 24.6 | 49.2 | 15.7 | 2.6 | 0.0 | 11.5% | 11.4% | −1.3% | 23.2% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 16-06-2015. Past returns do not promise future returns.
LIC MF Conservative Hybrid vs LIC MF Unit Linked Insurance Scheme (ULIS): SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-06-2015 to 30-10-2026: 137 instalments, ₹13,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Conservative HybridLIC MF Conservative Hybrid Fund (Direct) | ₹13,70,000 | ₹19,89,249 | ₹6,19,249 | 6.3% |
| LIC MF Unit Linked Insurance Scheme (ULIS)LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) | ₹13,70,000 | ₹23,89,476 | ₹10,19,476 | 9.3% |
LIC MF Conservative HybridLIC MF Conservative Hybrid Fund (Direct)
LIC MF Unit Linked Insurance Scheme (ULIS)LIC MF Unit Linked Insurance Scheme (ULIS) (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
LIC MF Conservative Hybrid vs LIC MF Unit Linked Insurance Scheme (ULIS): Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Conservative Hybrid Fund (Direct) | LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) |
|---|---|---|
| Return (CAGR) | +0.86% | −4.81% |
| Standard deviation | 3.52% | 11.55% |
| Sharpe ratio | -1.25 | -0.87 |
| Sortino ratio | -1.68 | -1.17 |
| Maximum drawdown | −3.4% (23-10-2026) | −12.1% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | LIC MF Conservative Hybrid Fund (Direct) | LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) |
|---|---|---|
| Return (CAGR) | +6.20% | +7.06% |
| Standard deviation | 3.40% | 10.48% |
| Sharpe ratio | 0.05 | 0.10 |
| Sortino ratio | 0.08 | 0.14 |
| Maximum drawdown | −3.4% (23-10-2026) | −13.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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.
| Measure | LIC MF Conservative Hybrid Fund (Direct) | LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) |
|---|---|---|
| Return (CAGR) | +5.09% | +6.23% |
| Standard deviation | 3.46% | 10.72% |
| Sharpe ratio | -0.21 | 0.04 |
| Sortino ratio | -0.29 | 0.05 |
| Maximum drawdown | −4.7% (16-06-2022) | −14.8% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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.
| Measure | LIC MF Conservative Hybrid Fund (Direct) | LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) |
|---|---|---|
| Return (CAGR) | +7.23% | +9.29% |
| Standard deviation | 3.44% | 12.29% |
| Sharpe ratio | 0.34 | 0.30 |
| Sortino ratio | 0.48 | 0.40 |
| Maximum drawdown | −7.9% (23-03-2020) | −31.0% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 09-01-2013 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 Conservative Hybrid Fund (Direct)
LIC MF Unit Linked Insurance Scheme (ULIS) (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Conservative Hybrid Fund (Direct) | −7.9% | 14-02-2020 | 23-03-2020 | 23-06-2020 | 3 months | −2.9% |
| LIC MF Unit Linked Insurance Scheme (ULIS) (Direct) | −31.0% | 12-02-2020 | 23-03-2020 | 03-12-2020 | 8 months | −6.8% |
From daily values since 16-06-2015, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Conservative Hybrid Fund (Direct)
LIC MF Unit Linked Insurance Scheme (ULIS) (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Conservative Hybrid Fund (Direct)
LIC MF Unit Linked Insurance Scheme (ULIS) (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Conservative Hybrid Fund (Direct)
LIC MF Unit Linked Insurance Scheme (ULIS) (Direct)
LIC MF Conservative Hybrid vs LIC MF Unit Linked Insurance Scheme (ULIS): Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Conservative Hybrid Fund, September 2026; LIC MF Unit Linked Insurance Scheme (ULIS), September 2026
Holdings in common
- Overlap
- 11.7%
- Held by both
- 14
- Only in LIC MF Conservative Hybrid
- 16
- Only in LIC MF Unit Linked Insurance Scheme (ULIS)
- 34
| Security | % of LIC MF Conservative Hybrid | % of LIC MF Unit Linked Insurance Scheme (ULIS) |
|---|---|---|
| Divi's Laboratories Ltd. | 1.32% | 4.00% |
| Ajanta Pharma Ltd. | 1.30% | 1.92% |
| Bajaj Auto Ltd. | 1.19% | 3.97% |
| ICICI Bank Ltd. | 1.07% | 1.25% |
| FSN E-Commerce Ventures Ltd. | 1.05% | 2.79% |
| Torrent Pharmaceuticals Ltd. | 0.94% | 3.62% |
| 7.19% State Government of Tamil Nadu | 3.33% | 0.84% |
| Bharat Electronics Ltd. | 0.76% | 1.83% |
| Sona BLW Precision Forgings Ltd. | 0.76% | 3.91% |
| Endurance Technologies Ltd. | 0.70% | 1.88% |
| Aster DM Quality Care Ltd. | 0.65% | 1.81% |
| Delhivery Ltd. | 0.51% | 0.97% |
| Cartrade Tech Ltd. | 0.41% | 1.37% |
| 8.13% Nuclear Power Corporation | 8.81% | 0.24% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.7% means 11.7% 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 Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.32% Government of India | 11.38% |
| 7.17% Government of India | 11.36% |
| 7.65% State Government of Tamil Nadu | 11.27% |
| 6.79% Government of India | 11.02% |
| 7.38% Government of India | 4.49% |
Largest holdings only in LIC MF Unit Linked Insurance Scheme (ULIS)
| Security | % of fund |
|---|---|
| Solar Industries India Ltd. | 3.88% |
| 7.63% State Government of Maharashtra | 3.53% |
| Bharti Airtel Ltd. | 3.31% |
| Titan Company Ltd. | 3.13% |
| Navin Fluorine International Ltd. | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Conservative Hybrid | LIC MF Unit Linked Insurance Scheme (ULIS) |
|---|---|---|
| Equity | 17.7% | 76.3% |
| Debt | 61.7% | 14.1% |
| Cash and others | 20.6% | 9.6% |
Market cap of stocks
| Market cap | LIC MF Conservative Hybrid | LIC MF Unit Linked Insurance Scheme (ULIS) |
|---|---|---|
| Large Cap | 8.8% | 33.0% |
| Mid Cap | 8.0% | 19.6% |
| Small Cap | 0.9% | 19.9% |
| Not on AMFI's list | 0.0% | 3.9% |
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 Conservative Hybrid | LIC MF Unit Linked Insurance Scheme (ULIS) |
|---|---|---|
| Pharmaceuticals & Biotechnology | 4.2% | 11.8% |
| Retailing | 1.5% | 8.8% |
| Auto Components | 2.1% | 6.8% |
| Chemicals & Petrochemicals | 0.0% | 6.5% |
| Electrical Equipment | 1.2% | 5.4% |
| Banks | 1.8% | 4.5% |
| Automobiles | 2.1% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Conservative Hybrid vs LIC MF Unit Linked Insurance Scheme (ULIS): Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Conservative Hybrid Fund | LIC MF Unit Linked Insurance Scheme (ULIS) |
|---|---|---|
| Total expense ratio (Direct) | 1.68% | 1.80% |
| Base expense ratio (Direct) | 1.31% | 1.19% |
| Total expense ratio (Regular) | 2.24% | 2.79% |
| Base expense ratio (Regular) | 1.82% | 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
Compare LIC MF Conservative Hybrid with
- LIC MF Conservative Hybrid vs Parag Parikh Conservative Hybrid
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- LIC MF Conservative Hybrid vs Nippon India Conservative Hybrid
- LIC MF Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Compare LIC MF Unit Linked Insurance Scheme (ULIS) with
- LIC MF Unit Linked Insurance Scheme (ULIS) vs Motilal Oswal ELSS Tax Saver
- LIC MF Unit Linked Insurance Scheme (ULIS) vs SBI Long Term Advantage Fund - Series V
- LIC MF Unit Linked Insurance Scheme (ULIS) vs JM ELSS - Tax Saver
- LIC MF Unit Linked Insurance Scheme (ULIS) vs WhiteOak Capital ELSS Tax Saver
- LIC MF Unit Linked Insurance Scheme (ULIS) vs HSBC ELSS Tax saver
LIC MF Conservative Hybrid Fund vs LIC MF Unit Linked Insurance Scheme (ULIS): Frequently Asked Questions
What is the difference between LIC MF Conservative Hybrid Fund and LIC MF Unit Linked Insurance Scheme (ULIS)?
LIC MF Conservative Hybrid Fund is a Conservative Hybrid fund, LIC MF Unit Linked Insurance Scheme (ULIS) is an ELSS fund, run by LIC Mutual Fund. Their portfolios overlap 11.7%. LIC MF Conservative Hybrid Fund charges 1.68% a year and LIC MF Unit Linked Insurance Scheme (ULIS) 1.80%.
Which has given higher returns, LIC MF Conservative Hybrid Fund or LIC MF Unit Linked Insurance Scheme (ULIS)?
Over 1 year: LIC MF Conservative Hybrid Fund +0.86%, LIC MF Unit Linked Insurance Scheme (ULIS) −4.81%. Over 3 years: LIC MF Conservative Hybrid Fund +6.20% a year, LIC MF Unit Linked Insurance Scheme (ULIS) +7.06% a year. Over 5 years: LIC MF Conservative Hybrid Fund +5.09% a year, LIC MF Unit Linked Insurance Scheme (ULIS) +6.23% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Conservative Hybrid Fund or LIC MF Unit Linked Insurance Scheme (ULIS)?
LIC MF Conservative Hybrid Fund charges less: 1.68% a year against 1.80%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Conservative Hybrid Fund and LIC MF Unit Linked Insurance Scheme (ULIS) overlap?
11.7%. They hold 14 of the same securities, the largest shared ones being DIVISLAB, AJANTPHARM, BAJAJ-AUTO. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Conservative Hybrid Fund or LIC MF Unit Linked Insurance Scheme (ULIS)?
On SEBI's riskometer, LIC MF Conservative Hybrid Fund is rated Moderately High and LIC MF Unit Linked Insurance Scheme (ULIS) Very High. Over 3 years, the standard deviation of daily returns was 3.40% and 10.48% a year.
Which is better for SIP, LIC MF Conservative Hybrid Fund or LIC MF Unit Linked Insurance Scheme (ULIS)?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹6,93,989 in LIC MF Conservative Hybrid Fund (XIRR 5.0% a year) and ₹6,99,999 in LIC MF Unit Linked Insurance Scheme (ULIS) (XIRR 5.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Conservative Hybrid Fund and LIC MF Unit Linked Insurance Scheme (ULIS)?
Yes. 11.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Conservative Hybrid Fund and LIC MF Unit Linked Insurance Scheme (ULIS)?
LIC MF Conservative Hybrid Fund: Pratik Harish Shroff, Siddharth Panjwani. LIC MF Unit Linked Insurance Scheme (ULIS): Siddharth Panjwani, Pratik Harish Shroff.
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.