LIC MF Value Fund vs NJ Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Value Fund and NJ Value Fund are both Value and Contra funds. LIC MF Value Fund charges 1.78% a year and NJ Value Fund 1.60% (Direct plans). Their portfolios overlap 5.8%: they hold 5 of the same securities.
Which is better, LIC MF Value or NJ Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- NJ Value costs less: 1.60% a year against 1.78% (Direct plans).
- LIC MF Value fell less in its worst fall since 03-08-2026: −9.5% against −10.7%.
- Their portfolios overlap 5.8%: 5 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 Value Fund | NJ Value Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | NJ Mutual Fund |
| Category | Value and Contra | Value and Contra |
| AUM | ₹336 Cr (30-09-2026) | Not available |
| NAV | ₹29.46 (Direct) | ₹9.11 (Direct) |
| Expense ratio (Direct) | 1.78% | 1.60% |
| Expense ratio (Regular) | 3.22% | 3.39% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 20-08-2018 | 30-07-2026 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Mahesh Bendre | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | 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. | Nil |
LIC MF Value vs NJ 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 |
|---|---|---|---|---|---|---|---|
| LIC MF Value Fund (Direct) | −5.40% | −3.78% | +5.94% | +10.90% | +16.07% | -- | -- |
| NJ Value Fund (Direct) | −1.19% | -- | -- | -- | -- | -- | -- |
| Value and Contra average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 30 Value and Contra funds, same plan type.
LIC MF Value vs NJ Value: Year-wise Returns
| Year | LIC MFLIC MF Value | NJNJ Value | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | +11.43% | -- | −7.51% |
| 2025 | −5.73% | -- | +7.76% |
| 2024 | +30.38% | -- | +16.24% |
LIC MF Value vs NJ Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
LIC MF Value vs NJ Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Value Fund (Direct) | NJ Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.94% | −33.20% |
| Standard deviation | 16.73% | 11.23% |
| Sharpe ratio | 0.53 | -3.42 |
| Sortino ratio | 0.71 | -3.90 |
| Maximum drawdown | −25.2% (03-03-2025) | −10.7% (23-10-2026) |
| Beta | 1.08 | 0.94 |
| Alpha | +5.67% | −6.42% |
From daily NAVs, 31-07-2023 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.
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 Value Fund (Direct)
NJ 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 |
|---|---|---|---|---|---|---|
| LIC MF Value Fund (Direct) | −9.5% | 23-09-2026 | 23-10-2026 | Not yet | -- | −7.6% |
| NJ Value Fund (Direct) | −10.7% | 05-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| 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 Value vs NJ Value: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Value Fund, September 2026; NJ Value Fund, September 2026
Holdings in common
- Overlap
- 5.8%
- Held by both
- 5
- Only in LIC MF Value
- 45
- Only in NJ Value
- 70
| Security | % of LIC MF Value | % of NJ Value |
|---|---|---|
| NTPC Ltd. | 1.76% | 1.33% |
| Cipla Ltd. | 1.50% | 1.31% |
| Bank of Baroda | 1.15% | 1.34% |
| Mahindra & Mahindra Financial Serv Ltd. | 1.13% | 1.19% |
| Sun Pharmaceutical Industries Ltd. | 0.84% | 1.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 5.8% means 5.8% 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 Value Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 7.68% |
| Tata Motors Passenger Vehicles Ltd. | 5.03% |
| Kirloskar Brothers Ltd. | 3.60% |
| HDFC Bank Ltd. | 3.51% |
| NSE India Ltd. | 3.36% |
Largest holdings only in NJ Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 1.81% |
| The Great Eastern Shipping Company Limited | 1.66% |
| Bosch Limited | 1.64% |
| Samvardhana Motherson International Limited | 1.55% |
| Jubilant Foodworks Limited | 1.49% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Value | NJ Value |
|---|---|---|
| Equity | 97.0% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.0% | 0.6% |
Market cap of stocks
| Market cap | LIC MF Value | NJ Value |
|---|---|---|
| Large Cap | 32.8% | 40.9% |
| Mid Cap | 10.6% | 34.3% |
| Small Cap | 42.0% | 24.1% |
| Not on AMFI's list | 11.6% | 0.0% |
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 Value | NJ Value |
|---|---|---|
| Auto Components | 13.4% | 8.3% |
| Banks | 10.3% | 12.2% |
| Industrial Products | 9.1% | 2.7% |
| IT - Software | 3.3% | 8.7% |
| Finance | 2.3% | 8.6% |
| Automobiles | 8.2% | 4.0% |
| Industrial Manufacturing | 8.1% | 0.0% |
| Pharmaceuticals & Biotechnology | 5.2% | 7.9% |
| Agricultural, Commercial & Construction Vehicles | 5.3% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Value vs NJ Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Value Fund | NJ Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.78% | 1.60% |
| Base expense ratio (Direct) | 0.86% | 0.58% |
| Total expense ratio (Regular) | 3.22% | 3.39% |
| 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
LIC MF Value Fund vs NJ Value Fund: Frequently Asked Questions
What is the difference between LIC MF Value Fund and NJ Value Fund?
Both are Value and Contra funds, run by LIC Mutual Fund and NJ Mutual Fund. Their portfolios overlap 5.8%. LIC MF Value Fund charges 1.78% a year and NJ Value Fund 1.60%.
Which has the lower expense ratio, LIC MF Value Fund or NJ Value Fund?
NJ Value Fund charges less: 1.60% a year against 1.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Value Fund and NJ Value Fund overlap?
5.8%. They hold 5 of the same securities, the largest shared ones being NTPC, CIPLA, BANKBARODA. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Value Fund or NJ Value Fund?
On SEBI's riskometer, LIC MF Value Fund is rated Very High and NJ Value Fund Very High. Over their common history, the standard deviation of daily returns was 16.73% and 11.23% a year.
Can I invest in both LIC MF Value Fund and NJ Value Fund?
Yes. 5.8% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages LIC MF Value Fund and NJ Value Fund?
LIC MF Value Fund: Mahesh Bendre. NJ Value 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.