The LIC MF Flexi Cap Fund is a unique mutual fund offering by LIC Mutual Fund, designed to provide long-term capital growth by investing across large-cap, mid-cap, and small-cap stocks. This fund adopts a dynamic equity investment strategy to capitalize on diverse opportunities in the Indian equity market.
What is LIC MF Flexi Cap Fund?
LIC MF Flexi Cap Fund is an open-ended equity scheme that invests in companies across various market capitalizations. Its diversified approach ensures balanced exposure to large, mid, and small-cap segments, aiming to optimize returns while mitigating risks.
Key Features of LIC MF Flexi Cap Fund
| Feature | Details |
|---|---|
| Fund Category | Flexi Cap |
| Fund Type | Open-ended Equity Scheme |
| Investment Philosophy | Diversified approach across market caps |
| Asset Class | Equity |
| Scheme Type – Market Cap | Large Cap (41.43%), Mid Cap (14.38%), Small Cap (3.47%) |
| Launch Date | April 15, 1993 |
| Benchmark | Nifty 500 TRI |
| Return Since Inception | 8.13% (CAGR) |
| Negative Coverage | No controversies or negative news as of date |
| Regulatory Actions | None reported |
| Number of Stocks in Fund | 63 |
| Total AUM (as of Oct 30, 2024) | ₹1,134.79 Crores |
| Fund AUM as % of AMC AUM | 9.87% |
| NAV (Net Asset Value) | Regular Plan: ₹100.7577 |
| Fund Manager | Mr. Nikhil Rungta and Mr. Jayaprakash Toshniwal |
| Expense Ratio | Regular Plan: 2.27%, Direct Plan: 1.35% |
| Exit Load | 1% if redeemed before 1 year |
| Turnover Ratio | 1.32 times |
| Riskometer | Very High |
| Rank | Consistently among top performers |
Rating
LIC MF Flexi Cap Fund is rated as a reliable and high-performing fund, catering to investors seeking long-term capital appreciation with diversified exposure across market segments.
Fund Managers
1. Mr. Nikhil Rungta
- Experience: 16+ years in equity investments.
- Funds Managed Simultaneously: 5 funds.
- Track Record: Proven expertise in delivering above-benchmark returns consistently.
2. Mr. Jayaprakash Toshniwal
- Experience: 16+ years in managing equity portfolios.
- Funds Managed Simultaneously: 3 funds.
- Track Record: Steady performance with a focus on mid and small-cap stocks.
Historical Returns
| Period | CAGR (%) | XIRR (Monthly SIP) (%) | Rolling Returns (%) |
|---|---|---|---|
| 10 Years | 15.71% | 14.5% | 13.8% |
| 5 Years | 16.56% | 15.3% | 14.2% |
| 3 Years | 19.12% | 17.8% | 16.5% |
| 1 Year | 33.56% | 32.4% | 30.1% |
Performance Overview
| Time Period | Fund Return (CAGR) | Benchmark Return (CAGR) |
|---|---|---|
| 1 Year | 33.56% | 36.22% |
| 3 Years | 19.12% | 15.71% |
| 5 Years | 16.56% | 19.75% |
SIP Performance
SIP Returns (Monthly Investment)
| Tenure | Invested Value | Market Value | XIRR (%) |
|---|---|---|---|
| 10 Years | ₹12,00,000 | ₹22,58,541 | 14.7% |
| 7 Years | ₹8,40,000 | ₹13,75,928 | 13.6% |
| 5 Years | ₹6,00,000 | ₹8,51,211 | 12.9% |
| 3 Years | ₹3,60,000 | ₹4,85,000 | 11.8% |
| 2 Years | ₹2,40,000 | ₹2,78,400 | 10.5% |
| 1 Year | ₹1,20,000 | ₹1,32,400 | 9.8% |
Step-Up SIP Returns (10% Increase Annually)
| Tenure | Invested Value | Market Value | XIRR (%) |
|---|---|---|---|
| 10 Years | ₹18,56,000 | ₹32,10,500 | 15.3% |
| 7 Years | ₹11,28,000 | ₹17,48,640 | 14.2% |
Lump Sum Investment Comparison
| Tenure | ₹1,00,000 in LIC Flexi Cap Fund | Nifty Midcap 150 TRI | BSE Sensex |
|---|---|---|---|
| 10 Years | ₹2,81,000 | ₹3,00,400 | ₹2,60,000 |
| 5 Years | ₹1,85,000 | ₹2,00,000 | ₹1,70,000 |
LIC MF Flexi Cap Fund NAV Today
As of October 31, 2024:
- Regular Plan: ₹102.2944
- Direct Plan: ₹112.0283
Top 10 Holdings in Fund
| Company | % of NAV |
|---|---|
| Agricultural Food & Other Products | 2.19% |
| Maruti Suzuki India Ltd. | 1.24% |
| Infosys Ltd. | 3.45% |
Top Sector Holdings (Infographic Recommended)
Suitability and Risk Factors
Who Should Invest?
Investors with a long-term horizon and a Very high-risk appetite, seeking diversified equity exposure.
Risk Measures
| Measure | Value |
|---|---|
| Sharpe Ratio | 0.60 |
| Beta | 0.83 |
| Standard Deviation | 12.72% |
Fund Review
Strengths
1. Diversified portfolio.
2. Experienced fund managers.
Weaknesses
1. High expense ratio.
2. Limited small-cap exposure.
Riskometer
Conclusion
LIC Flexi Cap Fund offers a balanced approach to equity investing, combining the stability of large-cap stocks with the growth potential of mid and small-cap companies. With a proven track record, experienced fund managers, and a focus on diversification, this fund is well-suited for investors aiming to achieve long-term wealth creation while managing market risks effectively.
FAQs
What is the expense ratio of LIC MF Flexi Cap Fund?
Regular Plan: 2.27%, Direct Plan: 1.35%.
What is the fund’s AUM?
₹1,134.79 Crore as of October 31, 2024.
Information Source – LIC Mutual Fund
Disclaimer –
Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. The information provided in this article is based on publicly available facts, including the LIC MF Large Cap Fund performance, and is for educational and informational purposes only.
While every effort has been made to ensure the accuracy of the data presented, investment returns such as CAGR and SIP performance may vary due to market fluctuations and fund management strategies. Past performance is not indicative of future results.
This article does not constitute financial advice. Readers are encouraged to consult with a certified financial advisor or conduct their own research before making any investment decisions. The author does not guarantee the accuracy, completeness, or reliability of any data, calculations, or projections provided.