LIC MF Large & Mid Cap Fund is a Large & Mid Cap fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹2,949 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 12.0% a year and its Regular plan returned 10.5% a year. Its benchmark, NIFTY LargeMidcap 250 TRI, returned 11.5% a year over the same 3 years.
NAV (Direct plan)
₹41.93
▼ 0.42% · 30-10-2026
NAV (Regular plan)
₹35.85
▼ 0.42% · 30-10-2026
Expense ratio
1.46%Direct2.68%Regular
1.46%
A year
Riskometer
Very High
Set by the fund house
3 year return
12.0%Direct10.5%Regular
12.0%
A year
LIC MF Large & Mid Cap Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹41.93 (down 0.42% that day); Regular Plan Growth ₹35.85 (down 0.42% that day).
This fund (Direct plan)
₹41.9308
LIC MF Large & Mid Cap Fund Returns vs NIFTY LargeMidcap 250 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)
−3.00%
−7.26%
−2.30%
−7.88%
+11.97%
+9.55%
+13.36%
This fund (Regular)
−3.09%
−7.54%
−2.89%
−9.02%
+10.52%
+8.09%
+11.74%
NIFTY LargeMidcap 250 TRI
−1.32%
−6.87%
−3.40%
−6.47%
+11.53%
+10.60%
--
Large & Mid Cap average
−1.78%
−5.20%
−0.43%
−3.99%
+13.28%
+11.36%
+13.62%
Best in Large & Mid Cap
+3.19%
+2.03%
+6.53%
+4.95%
+21.30%
+17.43%
+16.78%
Worst in Large & Mid Cap
−4.75%
−10.20%
−5.87%
−14.20%
+5.64%
+6.28%
+10.71%
Rank in Large & Mid Cap
30/36
29/35
24/33
30/33
20/26
20/26
13/19
Category rows compare the Direct plans of 36 Large & Mid Cap funds. Rank 1 is the highest return.
LIC MF Large & Mid Cap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
NIFTY LargeMidcap 250 TRI
2026to date
−7.16%
−8.11%
−7.09%
2025
+1.55%
+0.21%
+8.19%
2024
+29.62%
+27.87%
+18.68%
2023
+28.25%
+26.70%
+32.66%
2022
−0.84%
−2.31%
+4.48%
2021
+35.49%
+33.33%
+37.04%
LIC MF Large & Mid Cap 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 2,136 periods, one for each trading day from 26-02-2018 to 30-10-2026.
−10%0%10%20%30%40%
LIC MF Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Nov 2015 to Nov 2018Apr 2017 to Apr 2020Oct 2018 to Oct 2021Apr 2020 to Apr 2023Sept 2021 to Sept 2024Feb 2023 to Feb 2026
LIC MF Large & Mid Cap Fund (Direct)NIFTY LargeMidcap 250 TRI
1%
0%
Below 0%
5%
0%
0-5%
5%
3%
5-10%
20%
13%
10-15%
44%
38%
15-20%
23%
35%
20-25%
2%
11%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
2,628
12.3%
−21.8%
75.5%
20%
9.2%
42%
2 years
2,383
16.9%
−10.3%
49.0%
5%
18.8%
40%
3 years
2,136
17.0%
−1.8%
28.0%
1%
19.5%
33%
5 years
1,646
16.6%
4.0%
28.1%
0%
19.5%
0%
7 years
1,149
16.0%
13.1%
18.8%
0%
16.8%
15%
10 years
411
16.1%
13.0%
18.2%
0%
--
--
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
129
12.3%
−38.4%
63.3%
23%
10.4%
42%
2 years
117
15.4%
−19.5%
44.4%
10%
16.5%
37%
3 years
105
16.9%
−12.1%
32.5%
4%
21.2%
30%
5 years
81
17.2%
−0.7%
28.1%
1%
19.1%
4%
7 years
57
16.8%
12.4%
23.3%
0%
19.1%
9%
10 years
21
16.7%
13.5%
18.1%
0%
--
--
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 LargeMidcap 250 TRI over the same days. Past returns do not promise future returns.
LIC MF Large & Mid Cap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
LIC MF Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
−7.88%
−6.47%
Standard deviation
15.97%
14.95%
Sharpe ratio
-0.82
-0.78
Sortino ratio
-1.10
-1.04
Maximum drawdown
−13.8%
(31-03-2026)
−14.3%
(30-03-2026)
Beta
1.03
1.00
Alpha
−1.11%
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 Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
+11.97%
+11.53%
Standard deviation
15.73%
14.90%
Sharpe ratio
0.38
0.37
Sortino ratio
0.51
0.50
Maximum drawdown
−18.7%
(28-02-2025)
−18.8%
(28-02-2025)
Beta
1.02
1.00
Alpha
+0.33%
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 Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
+9.55%
+10.60%
Standard deviation
14.86%
14.85%
Sharpe ratio
0.25
0.32
Sortino ratio
0.34
0.43
Maximum drawdown
−18.7%
(28-02-2025)
−18.8%
(28-02-2025)
Beta
0.97
1.00
Alpha
−0.89%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
LIC MF Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
+13.36%
--
Standard deviation
15.41%
--
Sharpe ratio
0.52
--
Sortino ratio
0.69
--
Maximum drawdown
−33.9%
(23-03-2020)
--
From daily NAVs, 28-10-2016 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.
Measure
LIC MF Large & Mid Cap Fund (Direct)This fund
NIFTY LargeMidcap 250 TRI
Return (CAGR)
+13.05%
+12.60%
Standard deviation
15.57%
16.66%
Sharpe ratio
0.48
0.44
Sortino ratio
0.63
0.58
Maximum drawdown
−33.9%
(23-03-2020)
−37.8%
(23-03-2020)
From daily NAVs, 26-02-2015 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.
−40%−30%−20%−10%0%
LIC MF Large & Mid Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
201620182020202220242026
LIC MF Large & Mid Cap Fund (Direct)NIFTY LargeMidcap 250 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
LIC MF Large & Mid Cap Fund (Direct)
−33.9%
20-02-2020
23-03-2020
17-11-2020
8 months
−10.4%
NIFTY LargeMidcap 250 TRI
−37.8%
24-01-2020
23-03-2020
05-11-2020
7 months
−8.6%
From the Direct plan's daily NAV since 26-02-2015, adjusted for unit splits, and NIFTY LargeMidcap 250 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
LIC MF Large & Mid Cap Fund vs Other Large & Mid Cap Funds
The five Large & Mid Cap 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 Large & Mid Cap Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Large & Mid Cap median
Cost rank (1 = cheapest)
Direct
0.57%
0.25%
0.01%
0.63%
1.46%
1.08%
30/36
Regular
1.69%
0.25%
0.01%
0.73%
2.68%
2.30%
30/36
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 Large & Mid Cap 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
−9.02%
−7.88%
1.14%
₹90,980
₹92,120
3 years
10.52%
11.97%
1.45% a year
₹1,34,997
₹1,40,380
5 years
8.09%
9.55%
1.46% a year
₹1,47,546
₹1,57,784
10 years
11.74%
13.36%
1.62% a year
₹3,03,450
₹3,50,428
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 Large & Mid Cap 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 26-02-2015 to 30-10-2026: 141 instalments, ₹14,10,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planLIC MF Large & Mid Cap Fund (Direct)
₹14,10,000
₹32,26,660
₹18,16,660
13.3%
Regular planLIC MF Large & Mid Cap Fund (Regular)
₹14,10,000
₹29,10,058
₹15,00,058
11.7%
Category averageCategory average, 36 Large & Mid Cap funds
₹14,10,000
₹34,62,824
₹20,52,824
14.4%
₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L
Direct planLIC MF Large & Mid Cap Fund (Direct)
Regular planLIC MF Large & Mid Cap Fund (Regular)
Category averageCategory average, 36 Large & Mid Cap funds
Amount invested
201620182020202220242026
Direct planLIC MF Large & Mid Cap Fund (Direct)Regular planLIC MF Large & Mid Cap Fund (Regular)Category averageCategory average, 36 Large & Mid Cap 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 Large & Mid Cap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
97.7%Equity
Asset
Fund
Category
Equity
97.7%
95.4%
Cash and others
2.3%
3.7%
Market cap of stocks
Market cap
Fund
Category
Large Cap
36.5%
42.7%
Mid Cap
42.4%
37.7%
Small Cap
18.7%
13.3%
Share of the whole fund. Category: the average of the Large & Mid Cap 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 Large & Mid Cap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Finance11.1%
Electrical Equipment9.8%
Banks9.3%
Retailing8.7%
Pharmaceuticals & Biotechnology6.8%
Transport Services5.6%
Healthcare Services5.0%
Capital Markets4.4%
Auto Components4.3%
IT - Software4.0%
The ten largest of 21 sectors. The other 11 add up to 28.7%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Finance
9.9%
11.3%
11.1%
+1.2%
Electrical Equipment
10.6%
8.7%
9.8%
−0.7%
Banks
11.9%
9.1%
9.3%
−2.6%
Retailing
7.5%
8.6%
8.7%
+1.2%
Pharmaceuticals & Biotechnology
6.2%
6.5%
6.8%
+0.6%
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 Large & Mid Cap Fund Portfolio Holdings
As on 30-09-2026 · 38 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
AU Small Finance Bank Ltd.
Banks
4.16%
0.0%
Persistent Systems Ltd.
IT - Software
3.99%
0.0%
Eicher Motors Ltd.
Automobiles
3.83%
0.0%
CG Power and Industrial Solutions Ltd.
Electrical Equipment
3.63%
0.0%
InterGlobe Aviation Ltd.
Transport Services
3.42%
0.0%
Cartrade Tech Ltd.
Retailing
3.29%
0.0%
Bajaj Finance Ltd.
Finance
3.17%
0.0%
FSN E-Commerce Ventures Ltd.
Retailing
3.16%
0.0%
Aditya Birla Capital Ltd.
Finance
3.05%
0.0%
Divi's Laboratories Ltd.
Pharmaceuticals & Biotechnology
3.02%
0.0%
Apollo Hospitals Enterprise Ltd.
Healthcare Services
2.91%
0.0%
Larsen & Toubro Ltd.
Construction
2.89%
0.0%
Marico Ltd.
Agricultural Food & other Products
2.82%
0.0%
JSW Infrastructure Ltd.
Transport Infrastructure
2.75%
0.0%
Karur Vysya Bank Ltd.
Banks
2.64%
0.0%
Hindustan Aeronautics Ltd.
Aerospace & Defense
2.56%
New
City Union Bank Ltd.
Banks
2.54%
0.0%
Shriram Finance Ltd.
Finance
2.43%
0.0%
Nippon Life India Asset Management Ltd.
Capital Markets
2.40%
0.0%
Cholamandalam Investment & Fin Co Ltd.
Finance
2.40%
0.0%
Schneider Electric Infrastructure Ltd.
Electrical Equipment
2.39%
0.0%
UNO Minda Ltd.
Auto Components
2.38%
0.0%
Oberoi Realty Ltd.
Realty
2.37%
0.0%
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
2.31%
0.0%
Trent Ltd.
Retailing
2.25%
0.0%
Delhivery Ltd.
Transport Services
2.19%
0.0%
Aster DM Quality Care Ltd.
Healthcare Services
2.06%
0.0%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
2.06%
0.0%
Motilal Oswal Financial Services Ltd.
Capital Markets
2.01%
+28.8%
Dixon Technologies (India) Ltd.
Consumer Durables
2.00%
0.0%
Azad Engineering Ltd.
Electrical Equipment
2.00%
0.0%
One 97 Communications Ltd.
Financial Technology (Fintech)
1.98%
0.0%
Hindalco Industries Ltd.
Non - Ferrous Metals
1.96%
0.0%
Schaeffler India Ltd.
Auto Components
1.88%
0.0%
PB Fintech Ltd.
Financial Technology (Fintech)
1.86%
+49.1%
GE Vernova T&D India Limited
Electrical Equipment
1.83%
+69.5%
Zydus Lifesciences Ltd.
Pharmaceuticals & Biotechnology
1.71%
0.0%
Leela Palaces Hotels & Resorts Ltd.
Leisure Services
1.36%
0.0%
LIC MF Large & Mid Cap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
KEI Industries Ltd.
↓Sold out
−100%
was 2.77%
Hindustan Aeronautics Ltd.
↑New
New
2.56%
PB Fintech Ltd.
↑Added
+49.1%
1.86%
Motilal Oswal Financial Services Ltd.
↑Added
+28.8%
2.01%
Bharti Airtel Ltd.
↓Sold out
−100%
was 1.86%
GE Vernova T&D India Limited
↑Added
+69.5%
1.83%
Bharat Forge Ltd.
↓Sold out
−100%
was 1.55%
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 Large & Mid Cap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.46%
Expense ratio (Regular)
2.68%
Category
Large & Mid Cap
Risk
Very High
Benchmark
Nifty LargeMidcap 250 TRI
Launch date
25-02-2015
Minimum investment
₹5,000
Minimum additional investment
₹500
AUM
₹2,948.55 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
133710
ISIN (Direct)
INF767K01NE9
Scheme code (Regular)
133711
ISIN (Regular)
INF767K01NB5
NAV history
From 26-02-2015, 11.7 years
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.
Tax on LIC MF Large & Mid Cap Fund returns
LIC MF Large & Mid Cap 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
₹41.9308
30-10-2026
direct
IDCW
₹33.2667
30-10-2026
regular
Growth
₹35.8532
30-10-2026
regular
IDCW
₹29.0286
30-10-2026
About LIC MF Large & Mid Cap Fund
LIC MF Large & Mid Cap Fund is a mutual fund from LIC Mutual Fund. Its category is Large & Mid Cap. It was launched on 25-02-2015. Its benchmark is Nifty LargeMidcap 250 TRI. At the end of September 2026 it held 38 securities.
Fund Manager
Sudhanshu Asthana
Fund manager of LIC MF Large & Mid Cap Fund, since 07-04-2026
Frequently Asked Questions for LIC MF Large & Mid Cap Fund
What is the current NAV of LIC MF Large & Mid Cap Fund?
The Direct plan NAV is ₹41.9308. The Regular plan NAV is ₹35.8532, as on 30-10-2026.
What are the returns of LIC MF Large & Mid Cap Fund?
The Direct plan returned −7.88% in 1 year, +11.97% a year over 3 years, +9.55% a year over 5 years. The Regular plan returned −9.02% in 1 year, +10.52% a year over 3 years, +8.09% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of LIC MF Large & Mid Cap Fund?
The Direct plan charges 1.46% a year. The Regular plan charges 2.68% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of LIC MF Large & Mid Cap Fund?
LIC MF Large & Mid Cap Fund managed ₹2,948.55 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of LIC MF Large & Mid Cap Fund?
At the end of September 2026 the largest holdings were AUBANK (4.16%), PERSISTENT (3.99%), EICHERMOT (3.83%), CGPOWER (3.63%), INDIGO (3.42%). The fund held 38 securities in all.
What did LIC MF Large & Mid Cap Fund buy and sell in September 2026?
It bought 1 new stock: Hindustan Aeronautics Ltd. It sold out of 3: Bharti Airtel Ltd, Bharat Forge Ltd, KEI Industries Ltd. It added shares in 3.
How do I invest in LIC MF Large & Mid Cap 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 Large & Mid Cap Fund?
Sudhanshu Asthana (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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