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    LIC MF Equity Savings Fund

    Equity SavingsDirect and Regular plans, Growth and IDCW options

    Data as on 30-10-2026

    Compare this fundTrack this fund

    LIC MF Equity Savings Fund is an Equity Savings fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹39 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.2% a year and its Regular plan returned 7.1% a year. Its benchmark, NIFTY Equity Savings Index, returned 7.1% a year over the same 3 years.

    NAV (Direct plan)
    ₹31.98
    ▼ 0.16%30-10-2026
    NAV (Regular plan)
    ₹27.96
    ▼ 0.17%30-10-2026
    Expense ratio
    1.86%Direct2.83%Regular
    Riskometer
    Moderate
    Set by the fund house
    3 year return
    8.2%Direct7.1%Regular

    LIC MF Equity Savings Fund NAV Today

    NAV on 30-10-2026: Direct Plan Growth ₹31.98 (down 0.16% that day); Regular Plan Growth ₹27.96 (down 0.17% that day).

    LIC MF Equity Savings Fund Returns vs NIFTY Equity Savings Index

    Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

    Trailing returns
    Period1M3M6M1Y3Y5Y10Y
    This fund (Direct)−1.15%−1.22%+0.64%−0.33%+8.23%----
    This fund (Regular)−1.23%−1.46%+0.15%−1.35%+7.12%----
    NIFTY Equity Savings Index−1.78%−0.90%+2.77%+1.54%+7.06%+6.63%--
    Equity Savings average−0.02%−0.68%+1.71%+2.12%+8.55%----
    Best in Equity Savings+0.76%+0.84%+5.12%+6.16%+12.81%----
    Worst in Equity Savings−1.35%−2.08%−0.15%−1.58%+6.34%----
    Rank in Equity Savings22/2318/2319/2321/2312/20----

    Category rows compare the Direct plans of 23 Equity Savings funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

    LIC MF Equity Savings Fund Year-wise Returns

    Return of each calendar year
    YearDirectRegular
    2026to date+0.33%−0.50%
    2025+8.46%+7.29%
    2024+10.05%+8.94%

    LIC MF Equity Savings Fund Rolling Returns

    The return of every holding period in the fund's history, not only the one that ends today

    Rolling returns

    Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 61 periods, one for each trading day from 31-07-2026 to 30-10-2026.

    0%2%4%6%8%10%
    Aug 2023
    to
    Aug 2026    Aug 2023
    to
    Aug 2026    Sept 2023
    to
    Sept 2026    Sept 2023
    to
    Sept 2026    Oct 2023
    to
    Oct 2026    Oct 2023
    to
    Oct 2026
    LIC MF Equity Savings Fund (Direct)Category average, 23 Equity Savings funds

    Every holding period at a glance

    PeriodPeriodsMedianLowestHighestWith a lossCategory medianBeat category
    1 year5558.1%−1.0%17.3%1%7.6%39%
    2 years3067.5%4.2%13.0%0%7.7%53%
    3 years618.7%7.8%9.7%0%9.0%10%

    Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 23 Equity Savings funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

    LIC MF Equity Savings Fund Risk

    How much it swings, and the falls an investor had to sit through

    Risk and return

    MeasureLIC MF Equity Savings Fund (Direct)This fundCategory average
    Return (CAGR)+8.23%+8.75%
    Standard deviation6.85%4.16%
    Sharpe ratio0.320.65
    Sortino ratio0.440.89
    Maximum drawdown−7.5% (03-03-2025)−3.8% (28-02-2025)

    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.

    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.

    −8%−6%−4%−2%0%
    202420252026
    LIC MF Equity Savings Fund (Direct)Category average, 23 Equity Savings funds
    Worst fallHigh before itBottomBack at the highTime to climb backBelow its high today
    LIC MF Equity Savings Fund (Direct)−7.5%16-12-202403-03-202516-04-202544 days−2.9%
    Category average−3.8%16-12-202428-02-202521-04-202552 days−1.6%

    From the Direct plan's daily NAV since 31-07-2023, adjusted for unit splits, and the average of the 23 Equity Savings funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

    LIC MF Equity Savings Fund vs Other Equity Savings Funds

    The five Equity Savings funds with the best three year return, and this fund. Direct plans.

    Fund nameRankAUM (Cr)Exp. ratio1Y return3Y return3Y alpha3Y beta3Y Sharpe3Y Sortino
    HSBC Equity Savings Fund1/201,5581.41%+6.04%+12.81%----0.951.28Compare
    Edelweiss Equity Savings Fund2/201,7041.08%+5.36%+10.93%----1.251.74Compare
    Mirae Asset Equity Savings Fund3/201,9940.73%+2.60%+9.98%----0.700.97Compare
    Kotak Equity Savings Fund4/2010,4431.09%+0.58%+9.45%----0.600.82Compare
    Axis Equity Savings Fund5/208551.56%+2.69%+9.39%----0.650.88Compare
    LIC MF Equity Savings Fund12/20391.86%−0.33%+8.23%----0.320.44

    AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

    LIC MF Equity Savings Fund Expense Ratio and Costs

    What each plan charges a year, in force from 01-10-2026

    PlanBase expense ratioBrokerageTransaction costsLevies and GSTTotal expense ratioEquity Savings medianCost rank (1 = cheapest)
    Direct1.11%0.12%0.02%0.61%1.86%1.28%21/23
    Regular1.99%0.12%0.02%0.70%2.83%2.20%18/23

    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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Equity Savings funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

    Direct vs Regular: what the gap cost

    Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

    Over the lastRegularDirectDirect earned more by₹1 lakh became (Regular)₹1 lakh became (Direct)
    1 year−1.35%−0.33%1.02%₹98,650₹99,670
    3 years7.12%8.23%1.11% a year₹1,22,917₹1,26,778

    Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

    LIC MF Equity Savings Fund SIP Calculator

    What a one-time or monthly investment in this fund would be worth today, from its own NAV history

    Growth of an investment

    Step up each year
    PeriodFor

    ₹10,000 on the first trading day of every month, from 31-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.

    InvestmentInvestedValue nowGainReturn a year
    Direct planLIC MF Equity Savings Fund (Direct) ₹4,00,000 ₹4,38,447 ₹38,447 5.5%
    Regular planLIC MF Equity Savings Fund (Regular) ₹4,00,000 ₹4,30,489 ₹30,489 4.4%
    Category averageCategory average, 23 Equity Savings funds ₹4,00,000 ₹4,43,347 ₹43,347 6.1%
    ₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L
    202420252026
    Direct planLIC MF Equity Savings Fund (Direct)Regular planLIC MF Equity Savings Fund (Regular)Category averageCategory average, 23 Equity Savings fundsAmount invested

    From each plan's published NAV (Growth option) and the category average, 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 Equity Savings Fund Asset Allocation

    Asset allocation as on 30-09-2026

    What the fund holds

    66.3%Equity

    AssetFundCategory
    Equity66.3%67.5%
    Cash and others33.7%14.1%

    Market cap of stocks

    Market capFundCategory
    Large Cap40.1%52.2%
    Mid Cap20.4%9.5%
    Small Cap5.9%5.3%

    Share of the whole fund. Category: the average of the Equity Savings funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

    LIC MF Equity Savings Fund Sector Allocation

    Sector allocation of the fund's stocks as on 30-09-2026

    Largest sectors

    1. Banks9.4%

    2. Pharmaceuticals & Biotechnology7.4%

    3. Retailing5.7%

    4. Automobiles4.9%

    5. IT - Software4.5%

    6. Consumer Durables4.2%

    7. Auto Components3.7%

    8. Beverages2.9%

    9. Industrial Products2.6%

    10. Non - Ferrous Metals2.4%

    The ten largest of 24 sectors. The other 14 add up to 18.7%.

    Sector changes

    SectorJuly 2026August 2026September 2026Change
    Banks9.0%9.6%9.4%+0.5%
    Pharmaceuticals & Biotechnology8.1%6.7%7.4%−0.7%
    Retailing6.0%6.0%5.7%−0.3%
    Automobiles6.2%4.8%4.9%−1.3%
    IT - Software6.0%6.2%4.5%−1.5%

    Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

    LIC MF Equity Savings Fund Portfolio Holdings

    As on 30-09-2026 · 60 holdings · from the fund house's monthly portfolio

    HoldingsSectorWeight%Holdings trend1M change
    LIC MF LIQUID FUND-DR PLN-GR9.73%
    Cipla Ltd.Pharmaceuticals & Biotechnology2.66%0.0%
    State Bank of IndiaBanks2.23%0.0%
    Eternal Ltd.Retailing2.01%0.0%
    Bajaj Auto Ltd.Automobiles1.79%+33.7%
    APL Apollo Tubes Ltd.Industrial Products1.78%0.0%
    Bank of BarodaBanks1.74%0.0%
    Divi's Laboratories Ltd.Pharmaceuticals & Biotechnology1.68%0.0%
    Solar Industries India Ltd.Chemicals & Petrochemicals1.60%0.0%
    Torrent Pharmaceuticals Ltd.Pharmaceuticals & Biotechnology1.59%+42.2%

    LIC MF Equity Savings Fund Stocks Bought and Sold

    All changes are between August 2026 and September 2026

    More
    Stocks bought and sold in September 2026
    Bajaj Auto Ltd.Added+33.7%1.79%
    Torrent Pharmaceuticals Ltd.Added+42.2%1.59%
    Ajanta Pharma Ltd.NewNew1.47%
    LG Electronics India Ltd.Added+67.5%1.47%
    Radico Khaitan Ltd.Added+66.7%1.41%
    Sona BLW Precision Forgings Ltd.Added+20.0%1.29%
    Endurance Technologies Ltd.Added+40.0%1.20%
    Oracle Financial Services Software Ltd.Sold out−100%was 1.13%
    Ujjivan Small Finance Bank Ltd.Added+52.8%1.07%
    Sun Pharmaceutical Industries Ltd.Sold out−100%was 1.07%

    A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

    What LIC MF Equity Savings Fund bought and sold

    LIC MF Equity Savings Fund Portfolio Overlap

    Funds with the most similar portfolios, across every fund house and category

    FundOverlapHoldings in common
    Edelweiss Flexi Cap FundFlexi Cap · Edelweiss31.1%32Compare
    Kotak Nifty 100 Equal Weight Index FundIndex · Kotak Mahindra29.8%32Compare
    Kotak Nifty 100 Equal Weight ETFETF · Kotak Mahindra29.8%32Compare
    HDFC NIFTY 100 Equal Weight Index FundIndex · HDFC29.8%32Compare
    Sundaram Nifty 100 Equal Weight FundIndex · Sundaram29.7%32Compare
    Groww ELSS Tax Saver FundELSS · Groww29.6%34Compare
    Kotak Nifty 50 Equal Weight Index FundIndex · Kotak Mahindra28.5%23Compare
    Motilal Oswal Nifty 50 Equal Weight ETFETF · Motilal Oswal28.5%23Compare

    Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

    LIC MF Equity Savings Fund Overview

    Fund facts from the scheme summary document, as on 16-10-2026

    Expense ratio (Direct)
    1.86%
    Expense ratio (Regular)
    2.83%
    Category
    Equity Savings
    Risk
    Moderate
    Benchmark
    Nifty Equity Savings Index
    Launch date
    07-03-2011
    Minimum investment
    ₹5,000
    Minimum additional investment
    ₹500
    AUM
    ₹38.68 Cr (30-09-2026)
    Lock in
    None
    Scheme code (Direct)
    151952
    ISIN (Direct)
    INF397L01AZ5
    Scheme code (Regular)
    151950
    ISIN (Regular)
    INF397L01315
    NAV history
    From 31-07-2023, 3.2 years
    Exit load
    Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 3 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 3 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 3 months from the date of allotment.

    Tax on LIC MF Equity Savings Fund returns

    • LIC MF Equity Savings Fund is taxed as an equity fund: 65% or more of it is in Indian stocks, counting its hedged positions.
    • Units sold within 1 year: the gain is taxed at 20%.
    • Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
    • IDCW (dividend) payouts are added to your income and taxed at your slab rate.
    • A stamp duty of 0.005% is deducted when you invest.

    Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

    All plans and options

    PlanOptionNAVAs on
    directGrowth₹31.979830-10-2026
    directMonthly IDCW₹21.104530-10-2026
    directQuarterly IDCW₹17.317330-10-2026
    regularGrowth₹27.960530-10-2026
    regularMonthly IDCW₹21.534430-10-2026
    regularQuarterly IDCW₹20.331130-10-2026

    About LIC MF Equity Savings Fund

    LIC MF Equity Savings Fund is a mutual fund from LIC Mutual Fund. Its category is Equity Savings. It was launched on 07-03-2011. Its benchmark is Nifty Equity Savings Index. At the end of September 2026 it held 60 securities.

    Fund Manager

    • Siddharth Panjwani

      Fund manager of LIC MF Equity Savings Fund, since 01-07-2026

    • Pratik Harish Shroff

      Fund manager of LIC MF Equity Savings Fund, since 26-09-2023

    See all funds of LIC Mutual Fund

    AUM change

    September 2026
    ₹38.68 Cr
    −0.26% from August 2026
    August 2026
    ₹38.78 Cr
    +2.89% from July 2026
    July 2026
    ₹37.69 Cr
    +3.63% from June 2026

    AUM moves with money invested or taken out, and with the value of what the fund holds.

    Compare LIC MF Equity Savings Fund with Other Funds

    Returns, risk, costs and the stocks they share, side by side

    Compare with any other fund

    Frequently Asked Questions for LIC MF Equity Savings Fund

    What is the current NAV of LIC MF Equity Savings Fund?

    The Direct plan NAV is ₹31.9798. The Regular plan NAV is ₹27.9605, as on 30-10-2026.

    What are the returns of LIC MF Equity Savings Fund?

    The Direct plan returned −0.33% in 1 year, +8.23% a year over 3 years. The Regular plan returned −1.35% in 1 year, +7.12% a year over 3 years. These figures are as on 30-10-2026.

    What is the expense ratio of LIC MF Equity Savings Fund?

    The Direct plan charges 1.86% a year. The Regular plan charges 2.83% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.

    What is the AUM of LIC MF Equity Savings Fund?

    LIC MF Equity Savings Fund managed ₹38.68 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

    What are the top holdings of LIC MF Equity Savings Fund?

    At the end of September 2026 the largest holdings were LIC MF LIQUID FUND-DR PLN-GR (9.73%), CIPLA (2.66%), SBIN (2.23%), ETERNAL (2.01%), BAJAJ-AUTO (1.79%). The fund held 60 securities in all.

    What did LIC MF Equity Savings Fund buy and sell in September 2026?

    It bought 1 new stock: Ajanta Pharma Ltd. It sold out of 2: Sun Pharmaceutical Industries Ltd, Oracle Financial Services Software Ltd. It added shares in 7.

    How do I invest in LIC MF Equity Savings Fund?

    Through LIC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

    Who is the fund manager of LIC MF Equity Savings Fund?

    Siddharth Panjwani (since 01-07-2026), Pratik Harish Shroff (since 26-09-2023).

    Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

    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.

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