LIC MF Balanced Advantage Fund Direct Growth

Fund Overview

Fund Size

₹696 Cr

Expense Ratio

1.60%

ISIN

INF767K01QY0

Minimum SIP

₹500

Exit Load

1.00%

Inception Date

12 Nov 2021

About this fund

LIC MF Balanced Advantage Fund Direct Growth is a Dynamic Asset Allocation mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 4 years, 10 months and 7 days, having been launched on 12-Nov-21.
As of 18-Sep-26, it has a Net Asset Value (NAV) of ₹14.83, Assets Under Management (AUM) of 695.74 Crores, and an expense ratio of 1.6%.

LIC MF Balanced Advantage Fund Direct Growth has given a CAGR return of 8.47% since inception.
The fund's asset allocation comprises around 78.14% in equities, 16.98% in debts, and 4.88% in cash & cash equivalents.
You can start investing in LIC MF Balanced Advantage Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+0.80%

+0.02% (Cat Avg.)

3 Years

+7.95%

+8.22% (Cat Avg.)

Since Inception

+8.47%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity	₹543.63 Cr	78.14%
Debt	₹118.17 Cr	16.98%
Others	₹33.94 Cr	4.88%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
Jamnagar Utilities & Power Private Limited	Bond - Corporate Bond	₹51.91 Cr	7.46%
ICICI Bank Ltd	Equity	₹38.69 Cr	5.56%
Treps	Cash - Repurchase Agreement	₹27.98 Cr	4.02%
Navin Fluorine International Ltd	Equity	₹25.77 Cr	3.70%
7.18% Govt Stock 2037	Bond - Gov't/Treasury	₹25.53 Cr	3.67%
Sun Pharmaceuticals Industries Ltd	Equity	₹19.21 Cr	2.76%
Larsen & Toubro Ltd	Equity	₹17.31 Cr	2.49%
Solar Industries India Ltd	Equity	₹16.79 Cr	2.41%
Shriram Finance Ltd	Equity	₹16.65 Cr	2.39%
AU Small Finance Bank Ltd	Equity	₹16.02 Cr	2.30%
Divi's Laboratories Ltd	Equity	₹15.68 Cr	2.25%
Tata Consultancy Services Ltd	Equity	₹15.36 Cr	2.21%
Bajaj Finance Ltd	Equity	₹15.34 Cr	2.21%
Info Edge (India) Ltd	Equity	₹15.2 Cr	2.18%
Coforge Ltd	Equity	₹14.89 Cr	2.14%
Bajaj Finance Limited	Bond - Corporate Bond	₹14.84 Cr	2.13%
KEI Industries Ltd	Equity	₹14.06 Cr	2.02%
Multi Commodity Exchange of India Ltd	Equity	₹13.6 Cr	1.95%
Torrent Pharmaceuticals Ltd	Equity	₹13.42 Cr	1.93%
Eternal Ltd	Equity	₹13.12 Cr	1.89%
Kirloskar Oil Engines Ltd	Equity	₹12.6 Cr	1.81%
Radico Khaitan Ltd	Equity	₹12.56 Cr	1.80%
Indo MIM Ltd	Equity	₹12.26 Cr	1.76%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹11.72 Cr	1.68%
CG Power & Industrial Solutions Ltd	Equity	₹11.54 Cr	1.66%
Bharat Heavy Electricals Ltd	Equity	₹11.51 Cr	1.65%
InterGlobe Aviation Ltd	Equity	₹11.35 Cr	1.63%
UltraTech Cement Ltd	Equity	₹10.88 Cr	1.56%
Hitachi Energy India Ltd Ordinary Shares	Equity	₹10.8 Cr	1.55%
Thermax Ltd	Equity	₹10.73 Cr	1.54%
SRF Ltd	Equity	₹10.73 Cr	1.54%
Apollo Hospitals Enterprise Ltd	Equity	₹10.71 Cr	1.54%
Persistent Systems Ltd	Equity	₹10.57 Cr	1.52%
Bharti Telecom Limited	Bond - Corporate Bond	₹10.36 Cr	1.49%
Mahindra & Mahindra Ltd	Equity	₹10.3 Cr	1.48%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹10.18 Cr	1.46%
Endurance Technologies Ltd	Equity	₹9.94 Cr	1.43%
Hindalco Industries Ltd	Equity	₹8.39 Cr	1.21%
Oracle Financial Services Software Ltd	Equity	₹7.64 Cr	1.10%
National Aluminium Co Ltd	Equity	₹6.87 Cr	0.99%
Shakti Pumps (India) Ltd	Equity	₹6.8 Cr	0.98%
Sirca Paints India Ltd Ordinary Shares	Equity	₹6.79 Cr	0.98%
Karur Vysya Bank Ltd	Equity	₹6.76 Cr	0.97%
PB Fintech Ltd	Equity	₹6.75 Cr	0.97%
Neuland Laboratories Ltd	Equity	₹6.67 Cr	0.96%
JSW Steel Ltd	Equity	₹6.54 Cr	0.94%
Eicher Motors Ltd	Equity	₹6.25 Cr	0.90%
Siemens Energy India Ltd	Equity	₹5.65 Cr	0.81%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹5.34 Cr	0.77%
Export-Import Bank Of India	Cash - CD/Time Deposit	₹4.94 Cr	0.71%
Quality Power Electrical Equipments Ltd	Equity	₹4.63 Cr	0.67%
Aster DM Quality Care Ltd Ordinary Shares	Equity	₹4.08 Cr	0.59%
Schneider Electric Infrastructure Ltd	Equity	₹4.07 Cr	0.58%
Garware Hi-Tech Films Ltd	Equity	₹2.84 Cr	0.41%
JK Cement Ltd	Equity	₹2.2 Cr	0.32%
SML Mahindra Ltd	Equity	₹1.38 Cr	0.20%
Net Receivables / (Payables)	Cash	₹1.03 Cr	0.15%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Industrials	₹138.38 Cr	19.89%
Financial Services	₹125.54 Cr	18.04%
Basic Materials	₹87.06 Cr	12.51%
Healthcare	₹69.79 Cr	10.03%
Technology	₹48.46 Cr	6.97%
Consumer Cyclical	₹40.99 Cr	5.89%
Communication Services	₹15.2 Cr	2.18%
Consumer Defensive	₹12.56 Cr	1.80%
Utilities	₹5.65 Cr	0.81%

Risk & Performance Ratios

Fund Managers

Rahul Singh

Since November 2021

Mahesh Bendre

Since September 2026

Additional Scheme Detailsas of 31st August 2026

ISIN

INF767K01QY0

Expense Ratio

1.60%

Exit Load

1.00%

Fund Size

₹696 Cr

Age

4 years 10 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty 50 Hybrid Comp Debt 50:50 TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Dynamic Asset Allocation Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
The Wealth Company Balanced Advantage Fund Direct Growth Very High Risk	1.3%	1.0%	₹47.77 Cr	-
The Wealth Company Balanced Advantage Fund Regular Growth Very High Risk	3.4%	1.0%	₹47.77 Cr	-
Groww Multi Asset Allocation Fund Regular Growth Very High Risk	2.7%	1.0%	₹389.91 Cr	-
Groww Multi Asset Allocation Fund Direct Growth Very High Risk	0.9%	1.0%	₹389.91 Cr	-
Unifi Dynamic Asset Allocation Fund Direct Growth Moderately High risk	1.4%	1.0%	₹1426.76 Cr	8.7%
Unifi Dynamic Asset Allocation Fund Regular Growth Moderately High risk	2.0%	1.0%	₹1426.76 Cr	8.0%
Canara Robeco Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹1079.26 Cr	-2.5%
Canara Robeco Balanced Advantage Fund Direct Growth Very High Risk	0.7%	1.0%	₹1079.26 Cr	-1.1%
Helios Balanced Advantage Fund Direct Growth Very High Risk	1.3%	0.0%	₹288.35 Cr	2.7%
Helios Balanced Advantage Fund Regular Growth Very High Risk	2.9%	0.0%	₹288.35 Cr	1.1%
Parag Parikh Dynamic Asset Allocation Fund Regular Growth Moderately High risk	0.8%	1.0%	₹2574.82 Cr	3.3%
Parag Parikh Dynamic Asset Allocation Fund Direct Growth Moderately High risk	0.4%	1.0%	₹2574.82 Cr	3.6%
Samco Dynamic Asset Allocation Fund Direct Growth Very High Risk	2.0%	1.0%	₹167.99 Cr	-1.8%
Samco Dynamic Asset Allocation Fund Regular Growth Very High Risk	3.5%	1.0%	₹167.99 Cr	-3.2%
Bajaj Finserv Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹1276.19 Cr	2.9%
Bajaj Finserv Balanced Advantage Fund Regular Growth Very High Risk	2.6%	1.0%	₹1276.19 Cr	1.3%
HSBC Balanced Advantage Fund Direct Growth Very High Risk	1.2%	1.0%	₹1522.18 Cr	1.6%
HDFC Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹107295.79 Cr	-1.0%
HDFC Balanced Advantage Fund Regular Growth Very High Risk	1.3%	1.0%	₹107295.79 Cr	-1.6%
Edelweiss Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹13445.00 Cr	2.7%
Sundaram Balanced Advantage Fund Direct Growth High Risk	0.6%	1.0%	₹1685.79 Cr	0.1%
Aditya Birla Sun Life Balanced Advantage Fund Direct Growth Moderately High risk	0.6%	0.0%	₹10125.45 Cr	5.7%
Nippon India Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹9917.51 Cr	2.2%
Invesco India Balanced Advantage Fund Direct Growth Moderately High risk	0.7%	0.0%	₹937.48 Cr	-3.6%
Tata Balanced Advantage Fund Regular Growth Very High Risk	1.9%	0.0%	₹8538.57 Cr	0.3%
Tata Balanced Advantage Fund Direct Growth Very High Risk	0.7%	0.0%	₹8538.57 Cr	1.6%
DSP Dynamic Asset Allocation Fund Regular Growth Very High Risk	2.4%	1.0%	₹3821.11 Cr	2.3%
DSP Dynamic Asset Allocation Fund Direct Growth Very High Risk	1.1%	1.0%	₹3821.11 Cr	3.6%
HSBC Balanced Advantage Fund Regular Growth Very High Risk	2.5%	1.0%	₹1522.18 Cr	0.3%
LIC MF Balanced Advantage Fund Regular Growth Very High Risk	3.0%	1.0%	₹695.74 Cr	-0.6%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	1.6%	1.0%	₹695.74 Cr	0.8%
ICICI Prudential Balanced Advantage Fund Regular Growth High Risk	1.6%	1.0%	₹75399.17 Cr	2.8%
ITI Balanced Advantage Fund Regular Growth Very High Risk	3.3%	0.0%	₹348.34 Cr	-2.1%
ITI Balanced Advantage Fund Direct Growth Very High Risk	1.6%	0.0%	₹348.34 Cr	-0.4%
Invesco India Balanced Advantage Fund Regular Growth Moderately High risk	1.8%	0.0%	₹937.48 Cr	-4.8%
Sundaram Balanced Advantage Fund Regular Growth High Risk	1.8%	1.0%	₹1685.79 Cr	-1.3%
Union Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹1240.12 Cr	-0.7%
Union Balanced Advantage Fund Direct Growth Very High Risk	0.9%	1.0%	₹1240.12 Cr	0.5%
Edelweiss Balanced Advantage Fund Direct Growth Very High Risk	1.0%	1.0%	₹13445.00 Cr	3.9%
Bank of India Balanced Advantage Fund Regular Growth Very High Risk	2.1%	1.0%	₹175.65 Cr	2.3%
Bank of India Balanced Advantage Fund Direct Growth Very High Risk	1.1%	1.0%	₹175.65 Cr	3.5%
Kotak Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹17373.40 Cr	0.5%
Kotak Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹17373.40 Cr	1.6%
PGIM India Balanced Advantage Fund Regular Growth Moderately High risk	2.5%	0.0%	₹738.64 Cr	-4.9%
PGIM India Balanced Advantage Fund Direct Growth Moderately High risk	0.9%	0.0%	₹738.64 Cr	-3.3%
Axis Balanced Advantage Fund Regular Growth Moderately High risk	2.1%	1.0%	₹3835.99 Cr	0.2%
Axis Balanced Advantage Fund Direct Growth Moderately High risk	1.1%	1.0%	₹3835.99 Cr	1.4%
ICICI Prudential Balanced Advantage Fund Direct Growth High Risk	1.1%	1.0%	₹75399.17 Cr	3.4%
Baroda BNP Paribas Balanced Advantage Fund Direct Growth Very High Risk	0.7%	1.0%	₹5342.81 Cr	4.9%
Baroda BNP Paribas Balanced Advantage Fund Regular Growth Very High Risk	1.9%	1.0%	₹5342.81 Cr	3.7%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹50,417 Cr

Address

4th Floor, Industrial Assurance Building, Mumbai, 400 020

Other Funds by LIC Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
LIC MF Technology Fund Direct Growth Very High Risk	1.1%	1.0%	₹95.03 Cr	-
LIC MF Consumption Fund Direct Growth Very High Risk	1.2%	1.0%	₹460.73 Cr	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	1.1%	1.0%	₹1004.98 Cr	6.6%
LIC MF Manufacturing Fund Direct Growth Very High Risk	1.5%	1.0%	₹781.06 Cr	13.2%
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	1.7%	1.0%	₹3198.49 Cr	0.1%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.7%	1.0%	₹561.90 Cr	2.4%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹174.85 Cr	5.0%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.9%	1.0%	₹1125.39 Cr	4.2%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹44.53 Cr	2.8%
LIC MF Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1648.88 Cr	5.4%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.4%	1.0%	₹1384.68 Cr	-6.2%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2009.91 Cr	6.5%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.7%	0.0%	₹91.37 Cr	-10.1%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹366.14 Cr	-7.7%
LIC MF Infrastructure Fund Direct Growth Very High Risk	1.4%	1.0%	₹1174.02 Cr	9.0%
LIC MF Liquid Plan Direct Growth Low to Moderate Risk	0.1%	0.0%	₹17484.09 Cr	6.5%
LIC MF ELSS Direct Growth Very High Risk	1.3%	0.0%	₹1021.43 Cr	-4.9%
LIC MF Gold ETF FOF Direct Growth High Risk	0.3%	1.0%	₹858.31 Cr	37.4%
LIC MF Equity Savings Fund Direct Growth Moderate Risk	1.9%	1.0%	₹38.78 Cr	2.7%
LIC MF Nifty Next 50 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹112.27 Cr	4.8%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹124.04 Cr	5.7%
LIC MF Arbitrage Fund Direct Growth Low Risk	1.2%	0.0%	₹310.12 Cr	6.8%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	1.6%	1.0%	₹695.74 Cr	0.8%
LIC MF Focused 30 Equity Direct Growth Very High Risk	2.7%	1.0%	₹175.27 Cr	0.5%
LIC MF Long Term Value Fund Direct Growth Very High Risk	1.8%	1.0%	₹301.53 Cr	19.3%
LIC MF Healthcare Fund Direct Growth Very High Risk	1.4%	1.0%	₹103.11 Cr	15.8%
LIC MF Small Cap Fund Direct Growth Very High Risk	1.3%	1.0%	₹831.55 Cr	14.8%
LIC MF Conservative Hybrid Fund Direct Growth Moderate Risk	1.7%	1.0%	₹46.86 Cr	3.7%
LIC MF Midcap Fund Direct Growth Very High Risk	1.8%	1.0%	₹392.12 Cr	5.1%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.6%	1.0%	₹274.51 Cr	3.0%
LIC MF Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹4215.78 Cr	6.7%
LIC MF Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹732.25 Cr	5.3%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹2253.92 Cr	8.5%
LIC MF Dividend Yield Fund Direct Growth Very High Risk	0.9%	1.0%	₹759.21 Cr	5.8%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹677.57 Cr	6.7%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of LIC MF Balanced Advantage Fund Direct Growth?

The NAV of LIC MF Balanced Advantage Fund Direct Growth, as of 18-Sep-2026, is ₹14.83.

What are the returns of LIC MF Balanced Advantage Fund Direct Growth?

The fund has generated 0.80% over the last 1 year and 7.95% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of LIC MF Balanced Advantage Fund Direct Growth?

The fund's allocation of assets is distributed as 78.14% in equities, 16.98% in bonds, and 4.88% in cash and cash equivalents.

Who manages the LIC MF Balanced Advantage Fund Direct Growth?

The fund managers responsible for LIC MF Balanced Advantage Fund Direct Growth are:-

Rahul Singh
Mahesh Bendre

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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LIC MF Balanced Advantage Fund Direct Growth

Fund Overview