LIC MF Midcap Fund Direct Growth

Fund Overview

Fund Size

₹348 Cr

Expense Ratio

1.44%

ISIN

INF397L01JK8

Minimum SIP

₹500

Exit Load

1.00%

Inception Date

25 Jan 2017

About this fund

LIC MF Midcap Fund Direct Growth is a Mid-Cap mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 8 years, 9 months and 21 days, having been launched on 25-Jan-17.
As of 14-Nov-25, it has a Net Asset Value (NAV) of ₹33.11, Assets Under Management (AUM) of 347.67 Crores, and an expense ratio of 1.44%.

LIC MF Midcap Fund Direct Growth has given a CAGR return of 14.57% since inception.
The fund's asset allocation comprises around 97.95% in equities, 0.00% in debts, and 2.05% in cash & cash equivalents.
You can start investing in LIC MF Midcap 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

+5.54%

+9.55% (Cat Avg.)

3 Years

+20.87%

+22.31% (Cat Avg.)

5 Years

+21.74%

+25.01% (Cat Avg.)

Since Inception

+14.57%

— (Cat Avg.)

Portfolio Summaryas of 31st October 2025

Equity	₹340.56 Cr	97.95%
Others	₹7.11 Cr	2.05%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
UNO Minda Ltd	Equity	₹13.07 Cr	3.76%
Shakti Pumps (India) Ltd	Equity	₹11.8 Cr	3.39%
The Federal Bank Ltd	Equity	₹8.5 Cr	2.45%
Mahindra & Mahindra Financial Services Ltd	Equity	₹8.46 Cr	2.43%
Muthoot Finance Ltd	Equity	₹8.14 Cr	2.34%
Bharat Electronics Ltd	Equity	₹8.09 Cr	2.33%
Trent Ltd	Equity	₹7.61 Cr	2.19%
Allied Blenders and Distillers Ltd	Equity	₹7.51 Cr	2.16%
Indian Hotels Co Ltd	Equity	₹7.23 Cr	2.08%
Alkem Laboratories Ltd	Equity	₹7.15 Cr	2.06%
One97 Communications Ltd	Equity	₹7.03 Cr	2.02%
Persistent Systems Ltd	Equity	₹6.89 Cr	1.98%
SRF Ltd	Equity	₹6.73 Cr	1.94%
Prestige Estates Projects Ltd	Equity	₹6.57 Cr	1.89%
Schaeffler India Ltd	Equity	₹6.5 Cr	1.87%
KPIT Technologies Ltd	Equity	₹6.41 Cr	1.84%
Fortis Healthcare Ltd	Equity	₹6.19 Cr	1.78%
Nippon Life India Asset Management Ltd Ordinary Shares	Equity	₹6.17 Cr	1.77%
Coromandel International Ltd	Equity	₹5.84 Cr	1.68%
APL Apollo Tubes Ltd	Equity	₹5.81 Cr	1.67%
PI Industries Ltd	Equity	₹5.65 Cr	1.62%
Manorama Industries Ltd	Equity	₹5.63 Cr	1.62%
Arvind Fashions Ltd	Equity	₹5.61 Cr	1.61%
Voltas Ltd	Equity	₹5.48 Cr	1.58%
Tata Communications Ltd	Equity	₹5.48 Cr	1.57%
Garware Hi-Tech Films Ltd	Equity	₹5.32 Cr	1.53%
Metro Brands Ltd	Equity	₹5.29 Cr	1.52%
Aurobindo Pharma Ltd	Equity	₹5.12 Cr	1.47%
Godfrey Phillips India Ltd	Equity	₹5.03 Cr	1.45%
Lenskart Solutions	Equity	₹5.02 Cr	1.44%
HDB Financial Services Ltd	Equity	₹4.94 Cr	1.42%
Hitachi Energy India Ltd Ordinary Shares	Equity	₹4.92 Cr	1.41%
Page Industries Ltd	Equity	₹4.88 Cr	1.40%
Torrent Power Ltd	Equity	₹4.85 Cr	1.39%
Axis Bank Ltd	Equity	₹4.83 Cr	1.39%
Cholamandalam Investment and Finance Co Ltd	Equity	₹4.76 Cr	1.37%
KEI Industries Ltd	Equity	₹4.7 Cr	1.35%
Oil India Ltd	Equity	₹4.55 Cr	1.31%
Power Finance Corp Ltd	Equity	₹4.5 Cr	1.29%
Balkrishna Industries Ltd	Equity	₹4.49 Cr	1.29%
Suzlon Energy Ltd	Equity	₹4.42 Cr	1.27%
Bharat Forge Ltd	Equity	₹4.26 Cr	1.22%
L&T Technology Services Ltd	Equity	₹4.23 Cr	1.22%
Net Receivables / (Payables)	Cash - Collateral	₹4.18 Cr	1.20%
K.P.R. Mill Ltd	Equity	₹4.14 Cr	1.19%
Mphasis Ltd	Equity	₹3.94 Cr	1.13%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹3.92 Cr	1.13%
DEE Development Engineers Ltd	Equity	₹3.9 Cr	1.12%
Multi Commodity Exchange of India Ltd	Equity	₹3.85 Cr	1.11%
Dixon Technologies (India) Ltd	Equity	₹3.78 Cr	1.09%
Jubilant Foodworks Ltd	Equity	₹3.78 Cr	1.09%
BSE Ltd	Equity	₹3.73 Cr	1.07%
Surya Roshni Ltd	Equity	₹3.69 Cr	1.06%
Escorts Kubota Ltd	Equity	₹3.63 Cr	1.04%
Tata Elxsi Ltd	Equity	₹3.62 Cr	1.04%
Bharti Hexacom Ltd	Equity	₹3.61 Cr	1.04%
Dr Agarwal’s Health Care Ltd	Equity	₹3.55 Cr	1.02%
Bajaj Auto Ltd	Equity	₹3.4 Cr	0.98%
Astral Ltd	Equity	₹3.21 Cr	0.92%
Info Edge (India) Ltd	Equity	₹3.18 Cr	0.92%
Global Health Ltd	Equity	₹2.98 Cr	0.86%
Treps	Cash - Repurchase Agreement	₹2.93 Cr	0.84%
Deepak Nitrite Ltd	Equity	₹2.88 Cr	0.83%
Oberoi Realty Ltd	Equity	₹2.81 Cr	0.81%
Saregama India Ltd	Equity	₹2.79 Cr	0.80%
Honeywell Automation India Ltd	Equity	₹2.69 Cr	0.77%
Motilal Oswal Financial Services Ltd	Equity	₹1.86 Cr	0.53%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Consumer Cyclical	₹75.73 Cr	21.78%
Financial Services	₹63.65 Cr	18.31%
Industrials	₹54.09 Cr	15.56%
Technology	₹35.89 Cr	10.32%
Basic Materials	₹29.19 Cr	8.40%
Healthcare	₹24.99 Cr	7.19%
Consumer Defensive	₹18.18 Cr	5.23%
Communication Services	₹15.06 Cr	4.33%
Real Estate	₹9.38 Cr	2.70%
Utilities	₹4.85 Cr	1.39%
Energy	₹4.55 Cr	1.31%

Risk & Performance Ratios

Fund Managers

Karan Doshi

Since July 2023

Dikshit Mittal

Since July 2023

Additional Scheme Detailsas of 31st October 2025

ISIN

INF397L01JK8

Expense Ratio

1.44%

Exit Load

1.00%

Fund Size

₹348 Cr

Age

8 years 9 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Midcap 150 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 Mid-Cap Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bank of India Mid Cap Fund Direct Growth Very High Risk	1.1%	1.0%	₹691.38 Cr	-
Bank of India Mid Cap Fund Regular Growth Very High Risk	2.2%	1.0%	₹691.38 Cr	-
Kotak Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹4.08 Cr	-
Helios Mid Cap Fund Direct Growth Very High Risk	0.8%	1.0%	₹455.44 Cr	-
Helios Mid Cap Fund Regular Growth Very High Risk	2.4%	1.0%	₹455.44 Cr	-
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹553.90 Cr	11.6%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹93.18 Cr	8.0%
Zerodha Nifty Midcap 150 ETF Very High Risk	0.2%	-	₹138.95 Cr	12.2%
LIC MF Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹744.78 Cr	12.8%
HDFC NIFTY Midcap 150 ETF Very High Risk	0.2%	-	₹94.44 Cr	11.5%
UTI Nifty Midcap 150 ETF Very High Risk	0.3%	-	₹11.03 Cr	11.5%
Invesco India Mid Cap Fund Regular Growth Very High Risk	1.8%	1.0%	₹9319.87 Cr	16.0%
HSBC Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹12369.79 Cr	9.8%
Canara Robeco Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹3848.99 Cr	10.4%
Canara Robeco Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹3848.99 Cr	11.8%
ICICI Prudential Midcap Fund Direct Growth Very High Risk	1.0%	1.0%	₹6963.67 Cr	15.0%
Nippon India Growth Fund Direct Growth Very High Risk	0.8%	1.0%	₹41267.69 Cr	9.8%
Edelweiss Mid Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹12646.93 Cr	11.1%
Invesco India Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹9319.87 Cr	17.4%
Kotak Emerging Equity Scheme Direct Growth Very High Risk	0.4%	1.0%	₹60385.03 Cr	8.3%
JM Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1477.25 Cr	4.6%
JM Midcap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1477.25 Cr	6.2%
Mirae Asset Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹1254.47 Cr	11.7%
DSP Midcap Fund Regular Growth Very High Risk	1.7%	1.0%	₹19609.01 Cr	7.0%
Kotak Emerging Equity Scheme Regular Growth Very High Risk	1.4%	1.0%	₹60385.03 Cr	7.2%
ICICI Prudential Midcap Select ETF Very High Risk	0.1%	-	₹79.99 Cr	36.3%
ICICI Prudential Nifty Midcap 150 ETF Very High Risk	0.1%	-	₹424.94 Cr	26.8%
HDFC Mid-Cap Opportunities Fund Regular Growth Very High Risk	1.4%	1.0%	₹89383.23 Cr	11.8%
Nippon India ETF Nifty Midcap 150 Very High Risk	0.2%	-	₹2692.60 Cr	11.5%
UTI Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹12101.13 Cr	5.5%
Axis Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹32069.13 Cr	8.6%
HDFC Mid-Cap Opportunities Fund Direct Growth Very High Risk	0.7%	1.0%	₹89383.23 Cr	12.5%
Aditya Birla Sun Life Mid Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹6271.07 Cr	7.2%
Baroda BNP Paribas Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹2276.13 Cr	9.0%
SBI Magnum Midcap Fund Direct Growth Very High Risk	0.9%	0.0%	₹23036.04 Cr	4.2%
Sundaram Mid Cap Fund Direct Growth Very High Risk	0.9%	1.0%	₹13235.84 Cr	10.7%
Tata Mid Cap Growth Fund Direct Growth Very High Risk	0.6%	0.0%	₹5282.94 Cr	8.6%
Taurus Discovery (Midcap) Fund Direct Growth Very High Risk	2.1%	1.0%	₹133.35 Cr	6.4%
DSP Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹19609.01 Cr	8.0%
Quant Mid Cap Fund Direct Growth Very High Risk	0.7%	0.0%	₹8525.04 Cr	-0.1%
Franklin India Prima Fund Direct Growth Very High Risk	0.9%	1.0%	₹12770.14 Cr	8.0%
Motilal Oswal Nifty Midcap 100 ETF Very High Risk	0.2%	-	₹712.12 Cr	12.9%
Union Midcap Fund Regular Growth Very High Risk	2.1%	1.0%	₹1620.01 Cr	9.8%
Union Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹1620.01 Cr	11.3%
Edelweiss Mid Cap Fund Regular Growth Very High Risk	1.7%	1.0%	₹12646.93 Cr	9.6%
Motilal Oswal Midcap Fund Direct Growth Very High Risk	0.7%	1.0%	₹37500.86 Cr	1.7%
LIC MF Midcap Fund Regular Growth Very High Risk	2.5%	1.0%	₹347.67 Cr	4.4%
LIC MF Midcap Fund Direct Growth Very High Risk	1.4%	1.0%	₹347.67 Cr	5.5%
Kotak Nifty Midcap 50 ETF Very High Risk	0.1%	-	₹87.08 Cr	15.4%
Aditya Birla Sun Life Mid Cap Fund Regular Growth Very High Risk	1.9%	1.0%	₹6271.07 Cr	6.4%

About the AMC

LIC Mutual Fund

+91 022-66016000

https://www.licmf.com/

Total AUM

₹41,310 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 Consumption Fund Direct Growth Very High Risk	-	1.0%	-	-
LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk	0.6%	1.0%	₹802.27 Cr	-
LIC MF Manufacturing Fund Direct Growth Very High Risk	0.6%	1.0%	₹838.65 Cr	8.7%
LIC MF Large & Mid Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹3151.53 Cr	5.5%
LIC MF Aggressive Hybrid Fund Direct Growth Very High Risk	1.4%	1.0%	₹537.06 Cr	7.9%
LIC MF Medium to Long Duration Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹200.78 Cr	7.9%
LIC MF Flexi Cap Fund Direct Growth Very High Risk	1.4%	1.0%	₹1075.06 Cr	8.7%
LIC MF Gilt Fund Direct Growth Moderate Risk	0.7%	0.0%	₹57.23 Cr	3.6%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1884.15 Cr	8.5%
LIC MF Large Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹1498.50 Cr	9.7%
LIC MF Low Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1752.95 Cr	7.8%
LIC MF S & P Sensex Index Fund Direct Growth Very High Risk	0.8%	0.0%	₹91.99 Cr	9.7%
LIC MF Nifty 50 Index Fund Direct Growth Very High Risk	0.6%	0.0%	₹345.54 Cr	11.1%
LIC MF Infrastructure Fund Direct Growth Very High Risk	0.8%	1.0%	₹1054.10 Cr	5.2%
LIC MF Liquid Plan Direct Growth Moderate Risk	0.2%	0.0%	₹12951.93 Cr	6.7%
LIC MF ELSS Direct Growth Very High Risk	1.0%	0.0%	₹1113.63 Cr	5.5%
LIC MF Gold ETF FOF Direct Growth Very High Risk	0.3%	1.0%	₹464.76 Cr	68.1%
LIC MF Equity Savings Fund Direct Growth Low to Moderate Risk	1.2%	1.0%	₹30.80 Cr	11.1%
LIC MF Nifty Next 50 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹101.81 Cr	4.2%
LIC MF Short Duration Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹152.34 Cr	8.7%
LIC MF Arbitrage Fund Direct Growth Low Risk	0.3%	0.0%	₹288.55 Cr	6.8%
LIC MF Balanced Advantage Fund Direct Growth Very High Risk	0.8%	1.0%	₹766.92 Cr	7.8%
LIC MF Focused 30 Equity Direct Growth Very High Risk	1.6%	1.0%	₹175.82 Cr	6.4%
LIC MF Long Term Value Fund Direct Growth Very High Risk	1.4%	1.0%	₹210.92 Cr	2.6%
LIC MF Healthcare Fund Direct Growth Very High Risk	1.2%	1.0%	₹87.59 Cr	4.6%
LIC MF Small Cap Fund Direct Growth Very High Risk	1.0%	1.0%	₹647.11 Cr	-2.2%
LIC MF Conservative Hybrid Fund Direct Growth Moderately High risk	1.4%	1.0%	₹49.21 Cr	6.7%
LIC MF Midcap Fund Direct Growth Very High Risk	1.4%	1.0%	₹347.67 Cr	5.5%
LIC MF Banking & Financial Services Fund Direct Growth Very High Risk	1.2%	1.0%	₹284.71 Cr	19.2%
LIC MF Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹3567.84 Cr	7.2%
LIC MF Overnight Fund Direct Growth Low Risk	0.1%	0.0%	₹856.76 Cr	6.0%
LIC MF Multi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹1796.57 Cr	8.8%
LIC MF Dividend Yield Fund Direct Growth Very High Risk	0.7%	1.0%	₹697.98 Cr	8.8%
LIC MF Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹173.50 Cr	7.3%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

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

The NAV of LIC MF Midcap Fund Direct Growth, as of 14-Nov-2025, is ₹33.11.

What are the returns of LIC MF Midcap Fund Direct Growth?

The fund has generated 5.54% over the last 1 year and 20.87% 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 Midcap Fund Direct Growth?

The fund's allocation of assets is distributed as 97.95% in equities, 0.00% in bonds, and 2.05% in cash and cash equivalents.

Who manages the LIC MF Midcap Fund Direct Growth?

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

Karan Doshi
Dikshit Mittal

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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Fund Overview

Fund Size

₹348 Cr

Expense Ratio

1.44%

ISIN

INF397L01JK8

Minimum SIP

₹500

Exit Load

1.00%

Inception Date

25 Jan 2017

Risk Level

Your principal amount will be at Very High Risk