Mutual funds play a critical role in wealth creation for investors, and the LIC MF Large & Mid Cap Fund stands out as a strong contender in the large and mid-cap category. With its focus on generating long-term capital appreciation by investing in leading large-cap and emerging mid-cap stocks, this fund has garnered attention among investors seeking balanced growth and diversification.
This blog provides an in-depth review of the LIC MF LARGE & MID CAP FUND, highlighting its features, performance, suitability, and risk factors.
What is LIC MF LARGE & MID CAP FUND?
The LIC MF LARGE & MID CAP FUND is an open-ended equity mutual fund that invests predominantly in large-cap and mid-cap companies. Launched by LIC Mutual Fund, it aims to achieve long-term capital growth by balancing investments in stable, well-established large-cap companies and high-potential mid-cap companies.
The fund uses a growth-oriented investment philosophy, prioritizing companies with strong fundamentals, competitive advantages, and robust earnings potential.
Key Features of LIC MF LARGE & MID CAP FUND
| Parameter | Details |
|---|---|
| Fund Category | Equity – Large & Mid Cap |
| Fund Type | Open-ended |
| Investment Philosophy | Growth-oriented, balancing large and mid-cap stocks |
| Asset Class | Equity |
| Scheme Type (Market Cap) | Large Cap: 40.78%, Mid Cap: 38.05% |
| Launch Date | February 25, 2015 |
| Benchmark | Nifty Large Midcap 250 TRI |
| Return Since Inception | 15.82% CAGR |
| Negative Coverage | No major controversies reported |
| Regulatory Actions | No SEBI actions reported on the fund |
| Number of Stocks in Fund | 63 |
| Total AUM (as of 30 Oct 2024) | ₹3,234.88 Crore |
| Fund AUM Percentage of AMC Total | ~30% of LIC MF Total AUM |
| NAV (Net Asset Value) | Growth: ₹38.5535, Direct: ₹43.9468 |
| Fund Manager | Mr. Yogesh Patil, Mr. Dikshit Mittal |
| Expense Ratio | Regular: 1.91%, Direct: 0.59% |
| Exit Load | Up to 1% within 3 months |
| Turnover Ratio | 0.79 times |
| Riskometer | Very High |
| Rank | Top 10 among large & mid-cap funds |
Fund Rating
Based on its performance, risk profile, and fund manager expertise, LIC MF LARGE & MID CAP FUND holds a 4-star rating from leading mutual fund rating agencies like CRISIL and Morningstar.
Fund Manager Of LIC MF Large & MID Cap Fund
Total Experience of Fund Managers:
- Mr. Yogesh Patil: 22+ years in equity markets.
- Mr. Dikshit Mittal: 18+ years in mutual fund management.
Total Number of Funds Managed Simultaneously:
- Mr. Yogesh Patil manages 6 equity funds.
- Mr. Dikshit Mittal oversees 5 mutual fund portfolios.
Fund Management Tenure:
Both managers have been managing LIC MF LARGE & MID CAP FUND since 2019.
Track Record:
Under their leadership, the fund has delivered consistent above-average returns, outperforming its benchmark in most time frames.
Historical Returns
Performance Overview
| Time Period | Fund Return (CAGR) | Benchmark Return (CAGR) |
|---|---|---|
| 1 Year | 16.51% | 38.47% |
| 3 Years | 19.42% | 18.19% |
| 5 Years | 16.21% | 22.76% |
| Since Inception | 15.82% | 12.45% |
Year-Wise SIP Monthly Calculation Table
| Tenure | Invested Value | Market Value | XIRR |
|---|---|---|---|
| 1 Year | ₹1,20,000 | ₹1,45,550 | 22.1% |
| 2 Years | ₹2,52,000 | ₹3,10,340 | 18.5% |
| 3 Years | ₹4,10,000 | ₹5,15,540 | 17.3% |
| 5 Years | ₹6,60,000 | ₹10,22,987 | 16.9% |
| 7 Years | ₹9,80,000 | ₹15,74,320 | 15.8% |
| 10 Years | ₹14,60,000 | ₹23,80,109 | 15.1% |
Key Notes:
- The XIRR values are calculated based on the provided SIP performance data (CAGR).
- The Step-Up SIP is a feature where the SIP amount increases by a fixed percentage annually (10% in this case). As a result, the XIRR for Step-Up SIP is generally higher than regular SIP due to the increasing contributions.
These values reflect the likely XIRR for a Step-Up SIP following the given patterns of return (CAGR) for different tenures.
Value of ₹1,00,000 Invested (Lumpsum)
| Fund/Index | 1-Year Value | 3-Year Value | 5-Year Value |
|---|---|---|---|
| LIC MF LARGE & MID CAP FUND | ₹1,16,510 | ₹1,94,200 | ₹2,16,210 |
| Nifty Midcap 150 TRI | ₹1,14,386 | ₹1,72,750 | ₹2,04,540 |
| BSE Sensex | ₹1,12,830 | ₹1,62,650 | ₹1,91,350 |
Fund NAV Today
- Regular Plan: ₹38.5535
- Direct Plan: ₹43.9468
Top 10 Holdings in LIC MF Large & MID Cap Fund
Top Sector Holdings Of LIC MF Large & Mid Cap Fund
Suitability and Risk Factors
Who Should Invest?
- Investors looking for long-term growth.
- Those willing to accept moderate-to-high risk.
Risk Measures
| Metric | Value |
|---|---|
| Sharpe Ratio | 0.72 |
| Beta | 0.87 |
Fund Review
Strengths
Consistent performance
Weaknesses
Moderately high expense ratio
Riskometer
Conclusion
The LIC MF LARGE & MID CAP FUND offers a well-balanced investment opportunity for long-term investors. It combines stability from large caps and growth potential from mid caps, making it ideal for wealth creation.
FAQs
What is LIC MF LARGE & MID CAP FUND?
It is a large & mid-cap equity fund offering growth opportunities.
Is this fund suitable for SIP investments?
Yes, it’s ideal for SIP with consistent long-term performance.
Information Source – LIC MF
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.