LIC MF Focused Fund is a Focused fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹171 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 8.5% a year and its Regular plan returned 7.3% a year. Its benchmark, Nifty 500 TRI, returned 10.2% a year over the same 3 years.
NAV (Direct plan)
₹22.89
▼ 0.27% · 30-10-2026
NAV (Regular plan)
₹20.52
▼ 0.28% · 30-10-2026
Expense ratio
2.35%Direct3.49%Regular
2.35%
A year
Riskometer
Very High
Set by the fund house
3 year return
8.5%Direct7.3%Regular
8.5%
A year
LIC MF Focused Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹22.89 (down 0.27% that day); Regular Plan Growth ₹20.52 (down 0.28% that day).
This fund (Direct plan)
₹22.8886
LIC MF Focused Fund Returns vs Nifty 500 TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−4.78%
−4.77%
+4.19%
−5.12%
+8.47%
--
--
This fund (Regular)
−4.87%
−5.11%
+3.51%
−6.31%
+7.35%
--
--
Nifty 500 TRI
−0.75%
−6.05%
−2.83%
−7.34%
+10.22%
+8.81%
+12.51%
Focused average
−1.00%
−4.12%
+1.39%
−3.09%
+12.30%
--
--
Best in Focused
+2.11%
+5.18%
+17.02%
+19.34%
+21.38%
--
--
Worst in Focused
−5.18%
−8.77%
−5.73%
−14.35%
+7.49%
--
--
Rank in Focused
27/28
16/28
6/28
16/28
24/27
--
--
Category rows compare the Direct plans of 28 Focused funds. Rank 1 is the highest return.
LIC MF Focused Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty 500 TRI
2026to date
−3.87%
−4.92%
−7.51%
2025
+5.46%
+4.49%
+7.76%
2024
+13.44%
+12.37%
+16.24%
LIC MF Focused 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%5%10%15%
LIC MF Focused Fund (Direct)
Nifty 500 TRI
Aug 2023 to Aug 2026Aug 2023 to Aug 2026Sept 2023 to Sept 2026Sept 2023 to Sept 2026Oct 2023 to Oct 2026Oct 2023 to Oct 2026
LIC MF Focused Fund (Direct)Nifty 500 TRI
0%
0%
Below 0%
0%
0%
0-5%
61%
31%
5-10%
39%
69%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
555
4.9%
−8.8%
37.2%
28%
5.8%
33%
2 years
306
4.7%
−2.2%
16.0%
11%
6.3%
23%
3 years
61
9.6%
7.7%
11.7%
0%
10.8%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
28
7.8%
−18.6%
45.0%
32%
4.7%
50%
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 benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.
LIC MF Focused Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
LIC MF Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
−5.12%
−7.34%
Standard deviation
15.40%
14.48%
Sharpe ratio
-0.67
-0.87
Sortino ratio
-0.90
-1.16
Maximum drawdown
−15.9%
(31-03-2026)
−14.7%
(30-03-2026)
Beta
0.98
1.00
Alpha
+1.91%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
LIC MF Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+8.47%
+10.22%
Standard deviation
15.45%
14.30%
Sharpe ratio
0.16
0.29
Sortino ratio
0.22
0.40
Maximum drawdown
−21.1%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
0.97
1.00
Alpha
−1.60%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
LIC MF Focused Fund (Direct)This fund
Nifty 500 TRI
Return (CAGR)
+7.24%
+9.02%
Standard deviation
15.05%
14.00%
Sharpe ratio
0.08
0.21
Sortino ratio
0.10
0.28
Maximum drawdown
−21.1%
(03-03-2025)
−18.6%
(28-02-2025)
Beta
0.96
1.00
Alpha
−1.68%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−25%−20%−15%−10%−5%0%
LIC MF Focused Fund (Direct)
Nifty 500 TRI
202420252026
LIC MF Focused Fund (Direct)Nifty 500 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
LIC MF Focused Fund (Direct)
−21.1%
23-09-2024
03-03-2025
Not yet
--
−9.9%
Nifty 500 TRI
−18.6%
26-09-2024
28-02-2025
Not yet
--
−8.8%
From the Direct plan's daily NAV since 31-07-2023, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
LIC MF Focused Fund vs Other Focused Funds
The five Focused funds with the best three year return, and this fund. Direct plans.
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 Focused Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Focused median
Cost rank (1 = cheapest)
Direct
1.12%
0.31%
0.02%
0.90%
2.35%
1.10%
28/28
Regular
2.10%
0.31%
0.02%
1.06%
3.49%
2.23%
28/28
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 Focused 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 last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−6.31%
−5.12%
1.19%
₹93,690
₹94,880
3 years
7.35%
8.47%
1.12% a year
₹1,23,710
₹1,27,623
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 Focused 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.
Direct planLIC MF Focused Fund (Direct)Regular planLIC MF Focused Fund (Regular)Nifty 500 TRICategory averageCategory average, 28 Focused fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI 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 Focused Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
91.4%Equity
Asset
Fund
Category
Equity
91.4%
93.9%
Cash and others
8.6%
5.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
40.6%
57.8%
Mid Cap
16.5%
18.9%
Small Cap
26.7%
15.4%
Not on AMFI's list
7.5%
1.4%
Share of the whole fund. Category: the average of the Focused 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 Focused Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Auto Components14.9%
Banks13.3%
Automobiles9.0%
Industrial Manufacturing7.5%
Industrial Products7.5%
Power6.6%
Realty5.9%
IT - Software4.9%
Agricultural, Commercial & Construction Vehicles3.9%
Transport Services3.7%
The ten largest of 16 sectors. The other 6 add up to 14.1%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Auto Components
9.4%
15.8%
14.9%
+5.5%
Banks
10.5%
10.7%
13.3%
+2.8%
Automobiles
9.1%
9.6%
9.0%
−0.1%
Industrial Manufacturing
5.2%
5.4%
7.5%
+2.4%
Industrial Products
7.1%
7.4%
7.5%
+0.4%
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 Focused Fund Portfolio Holdings
As on 30-09-2026 · 28 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
INDO-MIM Ltd.
Industrial Manufacturing
7.55%
−3.3%
Tata Motors Passenger Vehicles Ltd.
Automobiles
6.81%
0.0%
Garware Hi-Tech Films Ltd.
Industrial Products
4.11%
−1.1%
Tata Motors Ltd.
Agricultural, Commercial & Construction Vehicles
3.90%
−3.3%
InterGlobe Aviation Ltd.
Transport Services
3.71%
−3.3%
Bharat Forge Ltd.
Auto Components
3.66%
−3.3%
State Bank of India
Banks
3.62%
−3.3%
HDFC Bank Ltd.
Banks
3.60%
New
The Phoenix Mills Ltd.
Realty
3.56%
−3.3%
ICICI Bank Ltd.
Banks
3.55%
−3.3%
NTPC Ltd.
Power
3.39%
−3.3%
KSH International Ltd.
Industrial Products
3.38%
−3.3%
Oracle Financial Services Software Ltd.
IT - Software
3.38%
−3.3%
Schaeffler India Ltd.
Auto Components
3.25%
−3.3%
Tata Power Company Ltd.
Power
3.23%
−3.3%
Schneider Electric Infrastructure Ltd.
Electrical Equipment
2.94%
−3.3%
Divgi Torqtransfer Systems Ltd.
Auto Components
2.83%
−3.3%
Mahindra & Mahindra Financial Serv Ltd.
Finance
2.68%
−3.3%
Gabriel India Ltd.
Auto Components
2.65%
−3.3%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
2.60%
−3.3%
Axis Bank Ltd.
Banks
2.54%
−3.3%
Tenneco Clean Air India Ltd.
Auto Components
2.52%
−3.3%
Metro Brands Ltd.
Consumer Durables
2.44%
−3.3%
Mahindra Lifespace Developers Ltd.
Realty
2.35%
−3.3%
Hyundai Motor India Ltd.
Automobiles
2.15%
−3.3%
Foseco India Ltd.
Chemicals & Petrochemicals
1.89%
−3.3%
Arvind Ltd.
Textiles & Apparels
1.58%
−3.3%
Infosys Ltd.
IT - Software
1.52%
−3.3%
LIC MF Focused Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
INDO-MIM Ltd.
↓Reduced
−3.3%
7.55%
Tata Motors Ltd.
↓Reduced
−3.3%
3.90%
Garware Hi-Tech Films Ltd.
↓Reduced
−1.1%
4.11%
State Bank of India
↓Reduced
−3.3%
3.62%
Bharat Forge Ltd.
↓Reduced
−3.3%
3.66%
Oracle Financial Services Software Ltd.
↓Reduced
−3.3%
3.38%
ICICI Bank Ltd.
↓Reduced
−3.3%
3.55%
InterGlobe Aviation Ltd.
↓Reduced
−3.3%
3.71%
HDFC Bank Ltd.
↑New
New
3.60%
The Phoenix Mills Ltd.
↓Reduced
−3.3%
3.56%
NTPC Ltd.
↓Reduced
−3.3%
3.39%
Schaeffler India Ltd.
↓Reduced
−3.3%
3.25%
KSH International Ltd.
↓Reduced
−3.3%
3.38%
Tata Power Company Ltd.
↓Reduced
−3.3%
3.23%
Mahindra & Mahindra Financial Serv Ltd.
↓Reduced
−3.3%
2.68%
Schneider Electric Infrastructure Ltd.
↓Reduced
−3.3%
2.94%
Sun Pharmaceutical Industries Ltd.
↓Reduced
−3.3%
2.60%
Gabriel India Ltd.
↓Reduced
−3.3%
2.65%
Divgi Torqtransfer Systems Ltd.
↓Reduced
−3.3%
2.83%
Axis Bank Ltd.
↓Reduced
−3.3%
2.54%
Metro Brands Ltd.
↓Reduced
−3.3%
2.44%
Tenneco Clean Air India Ltd.
↓Reduced
−3.3%
2.52%
Mahindra Lifespace Developers Ltd.
↓Reduced
−3.3%
2.35%
Hyundai Motor India Ltd.
↓Reduced
−3.3%
2.15%
Shriram Finance Ltd.
↓Sold out
−100%
was 2.19%
Bharat Dynamics Ltd.
↓Sold out
−100%
was 2.00%
Foseco India Ltd.
↓Reduced
−3.3%
1.89%
Infosys Ltd.
↓Reduced
−3.3%
1.52%
Arvind Ltd.
↓Reduced
−3.3%
1.58%
No stocks in this group for September 2026.
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.
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 Focused Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
2.35%
Expense ratio (Regular)
3.49%
Category
Focused
Risk
Very High
Benchmark
Nifty 500 TRI
Launch date
17-11-2017
Minimum investment
₹5,000
Minimum additional investment
₹500
AUM
₹171.23 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
152010
ISIN (Direct)
INF397L01KA7
Scheme code (Regular)
152009
ISIN (Regular)
INF397L01KE9
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 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.
Tax on LIC MF Focused Fund returns
LIC MF Focused Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
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
Plan
Option
NAV
As on
direct
Growth
₹22.8886
30-10-2026
direct
IDCW
₹22.8603
30-10-2026
regular
Growth
₹20.5212
30-10-2026
regular
IDCW
₹20.521
30-10-2026
About LIC MF Focused Fund
LIC MF Focused Fund is a mutual fund from LIC Mutual Fund. Its category is Focused. It was launched on 17-11-2017. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 28 securities.
Fund Manager
Mahesh Bendre
Fund manager of LIC MF Focused Fund, since 07-04-2026
Frequently Asked Questions for LIC MF Focused Fund
What is the current NAV of LIC MF Focused Fund?
The Direct plan NAV is ₹22.8886. The Regular plan NAV is ₹20.5212, as on 30-10-2026.
What are the returns of LIC MF Focused Fund?
The Direct plan returned −5.12% in 1 year, +8.47% a year over 3 years. The Regular plan returned −6.31% in 1 year, +7.35% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of LIC MF Focused Fund?
The Direct plan charges 2.35% a year. The Regular plan charges 3.49% 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 Focused Fund?
LIC MF Focused Fund managed ₹171.23 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of LIC MF Focused Fund?
At the end of September 2026 the largest holdings were INDOMIM (7.55%), TMPV (6.81%), GRWRHITECH (4.11%), TMCV (3.90%), INDIGO (3.71%). The fund held 28 securities in all.
What did LIC MF Focused Fund buy and sell in September 2026?
It bought 1 new stock: HDFC Bank Ltd. It sold out of 2: Bharat Dynamics Ltd, Shriram Finance Ltd. It reduced 26.
How do I invest in LIC MF Focused 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 Focused Fund?
Mahesh Bendre (since 07-04-2026).
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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