LIC MF Mid Cap Fund is a Mid Cap fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹369 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 13.7% a year and its Regular plan returned 12.5% a year. Its benchmark, Nifty Midcap 150 TRI, returned 13.8% a year over the same 3 years.
NAV (Direct plan)
₹31.92
▼ 0.89% · 30-10-2026
NAV (Regular plan)
₹28.15
▼ 0.89% · 30-10-2026
Expense ratio
1.99%Direct3.08%Regular
1.99%
A year
Riskometer
Very High
Set by the fund house
3 year return
13.7%Direct12.5%Regular
13.7%
A year
LIC MF Mid Cap Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹31.92 (down 0.89% that day); Regular Plan Growth ₹28.15 (down 0.89% that day).
This fund (Direct plan)
₹31.9207
LIC MF Mid Cap Fund Returns vs Nifty Midcap 150 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)
−4.94%
−6.90%
−1.22%
−3.88%
+13.70%
--
--
This fund (Regular)
−5.03%
−7.16%
−1.77%
−4.92%
+12.52%
--
--
Nifty Midcap 150 TRI
−3.69%
−8.46%
−3.95%
−4.37%
+13.82%
+13.84%
+15.65%
Mid Cap average
−3.36%
−6.03%
−0.14%
−2.17%
+14.75%
--
--
Best in Mid Cap
−0.88%
−2.09%
+6.81%
+9.56%
+21.77%
--
--
Worst in Mid Cap
−5.08%
−10.11%
−5.44%
−14.14%
+8.47%
--
--
Rank in Mid Cap
31/34
19/33
18/33
22/31
18/29
--
--
Category rows compare the Direct plans of 34 Mid Cap funds. Rank 1 is the highest return.
LIC MF Mid Cap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Midcap 150 TRI
2026to date
−2.73%
−3.61%
−4.97%
2025
−0.15%
−1.25%
+5.98%
2024
+30.30%
+29.06%
+24.46%
LIC MF 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 61 periods, one for each trading day from 31-07-2026 to 30-10-2026.
0%5%10%15%20%
LIC MF Mid Cap Fund (Direct)
Nifty Midcap 150 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 Mid Cap Fund (Direct)Nifty Midcap 150 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
0%
5-10%
28%
44%
10-15%
72%
56%
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
6.9%
−7.8%
59.3%
19%
8.3%
44%
2 years
306
9.8%
−1.9%
24.3%
7%
10.0%
31%
3 years
61
16.5%
12.8%
19.3%
0%
15.4%
75%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
28
6.5%
−19.8%
70.4%
18%
9.7%
46%
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 Midcap 150 TRI over the same days. Past returns do not promise future returns.
LIC MF Mid Cap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
LIC MF Mid Cap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
−3.88%
−4.37%
Standard deviation
16.80%
16.59%
Sharpe ratio
-0.54
-0.58
Sortino ratio
-0.74
-0.78
Maximum drawdown
−15.4%
(31-03-2026)
−13.9%
(30-03-2026)
Beta
0.98
1.00
Alpha
+0.33%
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 Mid Cap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+13.70%
+13.82%
Standard deviation
16.76%
17.08%
Sharpe ratio
0.46
0.46
Sortino ratio
0.62
0.61
Maximum drawdown
−21.5%
(07-04-2025)
−20.9%
(28-02-2025)
Beta
0.95
1.00
Alpha
+0.29%
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 Mid Cap Fund (Direct)This fund
Nifty Midcap 150 TRI
Return (CAGR)
+13.52%
+13.70%
Standard deviation
16.38%
16.82%
Sharpe ratio
0.45
0.45
Sortino ratio
0.61
0.60
Maximum drawdown
−21.5%
(07-04-2025)
−20.9%
(28-02-2025)
Beta
0.94
1.00
Alpha
+0.27%
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 Mid Cap Fund (Direct)
Nifty Midcap 150 TRI
202420252026
LIC MF Mid Cap Fund (Direct)Nifty Midcap 150 TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
LIC MF Mid Cap Fund (Direct)
−21.5%
24-09-2024
07-04-2025
03-08-2026
16 months
−11.1%
Nifty Midcap 150 TRI
−20.9%
24-09-2024
28-02-2025
12-11-2025
8 months
−10.5%
From the Direct plan's daily NAV since 31-07-2023, adjusted for unit splits, and Nifty Midcap 150 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
LIC MF Mid Cap Fund vs Other Mid Cap Funds
The five 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 Mid Cap 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
Mid Cap median
Cost rank (1 = cheapest)
Direct
1.15%
0.21%
0.01%
0.62%
1.99%
0.95%
32/34
Regular
2.10%
0.21%
0.01%
0.76%
3.08%
2.02%
31/34
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 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
−4.92%
−3.88%
1.04%
₹95,080
₹96,120
3 years
12.52%
13.70%
1.18% a year
₹1,42,459
₹1,46,988
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 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 31-07-2023 to 30-10-2026: 40 instalments, ₹4,00,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planLIC MF Mid Cap Fund (Direct)
₹4,00,000
₹4,36,288
₹36,288
5.2%
Regular planLIC MF Mid Cap Fund (Regular)
₹4,00,000
₹4,27,903
₹27,903
4.0%
Nifty Midcap 150 TRI
₹4,00,000
₹4,36,251
₹36,251
5.2%
Category averageCategory average, 34 Mid Cap funds
₹4,00,000
₹4,50,274
₹50,274
7.1%
₹0₹1.0 L₹2.0 L₹3.0 L₹4.0 L₹5.0 L
Direct planLIC MF Mid Cap Fund (Direct)
Regular planLIC MF Mid Cap Fund (Regular)
Nifty Midcap 150 TRI
Category averageCategory average, 34 Mid Cap funds
Amount invested
202420252026
Direct planLIC MF Mid Cap Fund (Direct)Regular planLIC MF Mid Cap Fund (Regular)Nifty Midcap 150 TRICategory averageCategory average, 34 Mid Cap 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 Mid Cap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
94.5%Equity
Asset
Fund
Category
Equity
94.5%
95.4%
Cash and others
5.5%
4.0%
Market cap of stocks
Market cap
Fund
Category
Large Cap
2.7%
11.8%
Mid Cap
78.2%
66.9%
Small Cap
9.7%
15.1%
Not on AMFI's list
3.9%
1.7%
Share of the whole fund. Category: the average of the 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 Mid Cap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Capital Markets9.5%
Retailing8.5%
Pharmaceuticals & Biotechnology8.5%
Banks8.3%
IT - Software7.4%
Electrical Equipment7.0%
Auto Components6.8%
Healthcare Services4.9%
Finance4.7%
Financial Technology (Fintech)4.7%
The ten largest of 20 sectors. The other 10 add up to 24.2%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Capital Markets
8.1%
9.9%
9.5%
+1.4%
Retailing
7.8%
8.0%
8.5%
+0.7%
Pharmaceuticals & Biotechnology
4.3%
4.2%
8.5%
+4.2%
Banks
3.4%
3.3%
8.3%
+5.0%
IT - Software
6.1%
6.3%
7.4%
+1.3%
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 Mid Cap Fund Portfolio Holdings
As on 30-09-2026 · 39 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
AU Small Finance Bank Ltd.
Banks
3.98%
New
INDO-MIM Ltd.
Industrial Manufacturing
3.89%
+1.8%
Aurobindo Pharma Ltd.
Pharmaceuticals & Biotechnology
3.72%
+84.1%
Neuland Laboratories Ltd.
Pharmaceuticals & Biotechnology
2.99%
New
FSN E-Commerce Ventures Ltd.
Retailing
2.99%
New
UNO Minda Ltd.
Auto Components
2.97%
+12.0%
Motilal Oswal Financial Services Ltd.
Capital Markets
2.95%
0.0%
Info Edge (India) Ltd.
Retailing
2.92%
−31.9%
One 97 Communications Ltd.
Financial Technology (Fintech)
2.86%
0.0%
Aster DM Quality Care Ltd.
Healthcare Services
2.84%
+318.1%
Azad Engineering Ltd.
Electrical Equipment
2.81%
0.0%
Coforge Ltd.
IT - Software
2.80%
−15.7%
Aditya Birla Capital Ltd.
Finance
2.79%
New
Persistent Systems Ltd.
IT - Software
2.78%
0.0%
Multi Commodity Exchange Of India Ltd.
Capital Markets
2.74%
0.0%
Solar Industries India Ltd.
Chemicals & Petrochemicals
2.67%
0.0%
Lenskart Solutions Ltd.
Retailing
2.57%
0.0%
JSW Infrastructure Ltd.
Transport Infrastructure
2.53%
New
Nippon Life India Asset Management Ltd.
Capital Markets
2.39%
0.0%
IndusInd Bank Ltd.
Banks
2.25%
New
Schneider Electric Infrastructure Ltd.
Electrical Equipment
2.18%
0.0%
Godrej Properties Ltd.
Realty
2.18%
New
The Federal Bank Ltd.
Banks
2.12%
−31.3%
Endurance Technologies Ltd.
Auto Components
2.08%
+26.7%
Jindal Stainless Ltd.
Ferrous Metals
2.04%
+11.9%
Fortis Healthcare Ltd.
Healthcare Services
2.03%
+60.8%
GE Vernova T&D India Limited
Electrical Equipment
2.03%
+53.5%
Ashok Leyland Ltd.
Agricultural, Commercial & Construction Vehicles
1.98%
New
APL Apollo Tubes Ltd.
Industrial Products
1.92%
0.0%
Mahindra & Mahindra Financial Serv Ltd.
Finance
1.92%
+25.8%
Dixon Technologies (India) Ltd.
Consumer Durables
1.92%
+18.7%
Gujarat Fluorochemicals Ltd.
Chemicals & Petrochemicals
1.91%
0.0%
Oracle Financial Services Software Ltd.
IT - Software
1.85%
New
PB Fintech Ltd.
Financial Technology (Fintech)
1.80%
+115.8%
Anthem Biosciences Ltd.
Pharmaceuticals & Biotechnology
1.75%
+84.4%
Schaeffler India Ltd.
Auto Components
1.71%
0.0%
Jubilant Foodworks Ltd.
Leisure Services
1.71%
New
360 One Wam Ltd.
Capital Markets
1.46%
New
National Aluminium Company Ltd.
Non - Ferrous Metals
1.44%
0.0%
LIC MF Mid Cap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Info Edge (India) Ltd.
↓Reduced
−31.9%
2.92%
AU Small Finance Bank Ltd.
↑New
New
3.98%
INDO-MIM Ltd.
↑Added
+1.8%
3.89%
Aurobindo Pharma Ltd.
↑Added
+84.1%
3.72%
Coforge Ltd.
↓Reduced
−15.7%
2.80%
The Federal Bank Ltd.
↓Reduced
−31.3%
2.12%
Garware Hi-Tech Films Ltd.
↓Sold out
−100%
was 3.10%
FSN E-Commerce Ventures Ltd.
↑New
New
2.99%
Neuland Laboratories Ltd.
↑New
New
2.99%
UNO Minda Ltd.
↑Added
+12.0%
2.97%
Aster DM Quality Care Ltd.
↑Added
+318.1%
2.84%
Aditya Birla Capital Ltd.
↑New
New
2.79%
Thermax Ltd.
↓Sold out
−100%
was 2.69%
Hitachi Energy India Ltd.
↓Sold out
−100%
was 2.58%
JSW Infrastructure Ltd.
↑New
New
2.53%
KEI Industries Ltd.
↓Sold out
−100%
was 2.40%
IndusInd Bank Ltd.
↑New
New
2.25%
Godrej Properties Ltd.
↑New
New
2.18%
Kirloskar Oil Engines Ltd.
↓Sold out
−100%
was 2.14%
Endurance Technologies Ltd.
↑Added
+26.7%
2.08%
Jindal Stainless Ltd.
↑Added
+11.9%
2.04%
Fortis Healthcare Ltd.
↑Added
+60.8%
2.03%
GE Vernova T&D India Limited
↑Added
+53.5%
2.03%
CG Power and Industrial Solutions Ltd.
↓Sold out
−100%
was 2.01%
Ashok Leyland Ltd.
↑New
New
1.98%
Mahindra & Mahindra Financial Serv Ltd.
↑Added
+25.8%
1.92%
Dixon Technologies (India) Ltd.
↑Added
+18.7%
1.92%
BSE Ltd.
↓Sold out
−100%
was 1.87%
Oracle Financial Services Software Ltd.
↑New
New
1.85%
PB Fintech Ltd.
↑Added
+115.8%
1.80%
Allied Blenders And Distillers Ltd.
↓Sold out
−100%
was 1.79%
Shakti Pumps (India) Ltd.
↓Sold out
−100%
was 1.79%
Anthem Biosciences Ltd.
↑Added
+84.4%
1.75%
Bharat Forge Ltd.
↓Sold out
−100%
was 1.72%
Jubilant Foodworks Ltd.
↑New
New
1.71%
Shriram Finance Ltd.
↓Sold out
−100%
was 1.56%
SRF Ltd.
↓Sold out
−100%
was 1.48%
360 One Wam Ltd.
↑New
New
1.46%
Dee Development Engineers Ltd.
↓Sold out
−100%
was 1.38%
Alkem Laboratories Ltd.
↓Sold out
−100%
was 1.35%
Coromandel International Ltd.
↓Sold out
−100%
was 1.34%
Sirca Paints India Ltd.
↓Sold out
−100%
was 1.33%
Trent Ltd.
↓Sold out
−100%
was 1.32%
Manorama Industries Ltd.
↓Sold out
−100%
was 1.24%
Honeywell Automation India Ltd.
↓Sold out
−100%
was 1.01%
PI Industries Ltd.
↓Sold out
−100%
was 0.96%
Bharat Dynamics Ltd.
↓Sold out
−100%
was 0.92%
JK Cement Ltd.
↓Sold out
−100%
was 0.82%
SML Mahindra Ltd.
↓Sold out
−100%
was 0.60%
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 Mid Cap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.99%
Expense ratio (Regular)
3.08%
Category
Mid Cap
Risk
Very High
Benchmark
Nifty Midcap 150 TRI
Launch date
25-01-2017
Minimum investment
₹5,000
Minimum additional investment
₹500
AUM
₹369.21 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
152002
ISIN (Direct)
INF397L01JK8
Scheme code (Regular)
152001
ISIN (Regular)
INF397L01JO0
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 Mid Cap Fund returns
LIC MF 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
₹31.9207
30-10-2026
direct
IDCW
₹29.9859
30-10-2026
regular
Growth
₹28.1547
30-10-2026
regular
IDCW
₹26.4238
30-10-2026
About LIC MF Mid Cap Fund
LIC MF Mid Cap Fund is a mutual fund from LIC Mutual Fund. Its category is Mid Cap. It was launched on 25-01-2017. Its benchmark is Nifty Midcap 150 TRI. At the end of September 2026 it held 39 securities.
Fund Manager
Sudhanshu Asthana
Fund manager of LIC MF Mid Cap Fund, since 01-09-2026
Frequently Asked Questions for LIC MF Mid Cap Fund
What is the current NAV of LIC MF Mid Cap Fund?
The Direct plan NAV is ₹31.9207. The Regular plan NAV is ₹28.1547, as on 30-10-2026.
What are the returns of LIC MF Mid Cap Fund?
The Direct plan returned −3.88% in 1 year, +13.70% a year over 3 years. The Regular plan returned −4.92% in 1 year, +12.52% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of LIC MF Mid Cap Fund?
The Direct plan charges 1.99% a year. The Regular plan charges 3.08% 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 Mid Cap Fund?
LIC MF Mid Cap Fund managed ₹369.21 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of LIC MF Mid Cap Fund?
At the end of September 2026 the largest holdings were AUBANK (3.98%), INDOMIM (3.89%), AUROPHARMA (3.72%), NEULANDLAB (2.99%), NYKAA (2.99%). The fund held 39 securities in all.
What did LIC MF Mid Cap Fund buy and sell in September 2026?
It bought 11 new stocks: IndusInd Bank Ltd, Ashok Leyland Ltd, FSN E-Commerce Ventures Ltd, 360 One Wam Ltd, Godrej Properties Ltd. It sold out of 23: Manorama Industries Ltd, CG Power and Industrial Solutions Ltd, Hitachi Energy India Ltd, BSE Ltd, Kirloskar Oil Engines Ltd. It added shares in 12. It reduced 3.
How do I invest in LIC MF 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 Mid Cap Fund?
Sudhanshu Asthana (since 01-09-2026).
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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