Fund Overview
Fund Size
₹576 Cr
Expense Ratio
0.92%
ISIN
INF397L01JS1
Minimum SIP
₹500
Exit Load
1.00%
Inception Date
21 Jun 2017
About this fund
LIC MF Small Cap Fund Direct Growth is a Small-Cap mutual fund schemes offered by LIC Mutual Fund. This fund has been in existence for 7 years, 11 months and 29 days, having been launched on 21-Jun-17.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹33.36, Assets Under Management (AUM) of 575.56 Crores, and an expense ratio of 0.92%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹33.36, Assets Under Management (AUM) of 575.56 Crores, and an expense ratio of 0.92%.
- LIC MF Small Cap Fund Direct Growth has given a CAGR return of 16.27% since inception.
- The fund's asset allocation comprises around 96.49% in equities, 0.00% in debts, and 3.51% in cash & cash equivalents.
- You can start investing in LIC MF Small Cap 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
-1.89%
+3.72% (Cat Avg.)
3 Years
+25.57%
+27.47% (Cat Avg.)
5 Years
+33.42%
+34.59% (Cat Avg.)
Since Inception
+16.27%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹555.34 Cr | 96.49% |
| Others | ₹20.23 Cr | 3.51% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Treps | Cash - Repurchase Agreement | ₹21.15 Cr | 3.67% |
| Sanathan Textiles Ltd | Equity | ₹18.17 Cr | 3.16% |
| JTL Industries Ltd | Equity | ₹16.92 Cr | 2.94% |
| Housing & Urban Development Corp Ltd | Equity | ₹16.13 Cr | 2.80% |
| Manorama Industries Ltd | Equity | ₹15.94 Cr | 2.77% |
| Concord Enviro Systems Ltd | Equity | ₹15.88 Cr | 2.76% |
| Enviro Infra Engineers Ltd | Equity | ₹13.17 Cr | 2.29% |
| International Gemmological Institute (India) Ltd | Equity | ₹13.14 Cr | 2.28% |
| Allied Blenders and Distillers Ltd | Equity | ₹13.04 Cr | 2.26% |
| Hindustan Foods Ltd | Equity | ₹12.93 Cr | 2.25% |
| Navkar Corp Ltd | Equity | ₹12.82 Cr | 2.23% |
| Exide Industries Ltd | Equity | ₹12.43 Cr | 2.16% |
| Praveg Ltd Ordinary Shares | Equity | ₹12.17 Cr | 2.11% |
| KSB Ltd | Equity | ₹11.21 Cr | 1.95% |
| Arvind Fashions Ltd | Equity | ₹10.64 Cr | 1.85% |
| Kross Ltd | Equity | ₹10.33 Cr | 1.79% |
| Shakti Pumps (India) Ltd | Equity | ₹10.17 Cr | 1.77% |
| Tata Power Co Ltd | Equity | ₹9.7 Cr | 1.69% |
| Navin Fluorine International Ltd | Equity | ₹9.66 Cr | 1.68% |
| Johnson Controls - Hitachi Air Conditioning India Ltd | Equity | ₹9.51 Cr | 1.65% |
| Artemis Medicare Services Ltd Ordinary Shares | Equity | ₹9.08 Cr | 1.58% |
| Kilburn Engineering Ltd | Equity | ₹8.93 Cr | 1.55% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹8.88 Cr | 1.54% |
| Syrma SGS Technology Ltd | Equity | ₹8.71 Cr | 1.51% |
| Bharat Bijlee Ltd | Equity | ₹8.68 Cr | 1.51% |
| VA Tech Wabag Ltd | Equity | ₹8.56 Cr | 1.49% |
| JK Cement Ltd | Equity | ₹8.45 Cr | 1.47% |
| Ramkrishna Forgings Ltd | Equity | ₹8.45 Cr | 1.47% |
| Himatsingka Seide Ltd | Equity | ₹8.42 Cr | 1.46% |
| CESC Ltd | Equity | ₹8.4 Cr | 1.46% |
| Kirloskar Oil Engines Ltd | Equity | ₹8.34 Cr | 1.45% |
| Vinati Organics Ltd | Equity | ₹8.3 Cr | 1.44% |
| Avalon Technologies Ltd | Equity | ₹8.18 Cr | 1.42% |
| Seamec Ltd | Equity | ₹8.18 Cr | 1.42% |
| Ingersoll-Rand (India) Ltd | Equity | ₹8.07 Cr | 1.40% |
| Infosys Ltd | Equity | ₹8 Cr | 1.39% |
| Texmaco Rail & Engineering Ltd | Equity | ₹7.9 Cr | 1.37% |
| Aeroflex Industries Ltd | Equity | ₹7.87 Cr | 1.37% |
| Neuland Laboratories Ltd | Equity | ₹7.65 Cr | 1.33% |
| Aditya Birla Sun Life AMC Ltd | Equity | ₹7.58 Cr | 1.32% |
| Bikaji Foods International Ltd | Equity | ₹7.5 Cr | 1.30% |
| Amber Enterprises India Ltd Ordinary Shares | Equity | ₹7.39 Cr | 1.28% |
| Linde India Ltd | Equity | ₹7.06 Cr | 1.23% |
| Bharat Heavy Electricals Ltd | Equity | ₹7.02 Cr | 1.22% |
| Ion Exchange (India) Ltd | Equity | ₹6.92 Cr | 1.20% |
| JK Tyre & Industries Ltd | Equity | ₹6.68 Cr | 1.16% |
| Kennametal India Ltd | Equity | ₹6.64 Cr | 1.15% |
| Triveni Engineering & Industries Ltd | Equity | ₹6.06 Cr | 1.05% |
| K.P.R. Mill Ltd | Equity | ₹5.99 Cr | 1.04% |
| E I D Parry India Ltd | Equity | ₹5.85 Cr | 1.02% |
| Arvind Ltd | Equity | ₹5.73 Cr | 0.99% |
| Piramal Pharma Ltd | Equity | ₹5.43 Cr | 0.94% |
| Dixon Technologies (India) Ltd | Equity | ₹5.2 Cr | 0.90% |
| Praj Industries Ltd | Equity | ₹4.93 Cr | 0.86% |
| PI Industries Ltd | Equity | ₹4.86 Cr | 0.84% |
| REC Ltd | Equity | ₹4.63 Cr | 0.80% |
| JK Lakshmi Cement Ltd | Equity | ₹4.28 Cr | 0.74% |
| Mrs Bectors Food Specialities Ltd Ordinary Shares | Equity | ₹4.25 Cr | 0.74% |
| Saregama India Ltd | Equity | ₹4.12 Cr | 0.72% |
| Gujarat State Petronet Ltd | Equity | ₹3.95 Cr | 0.69% |
| PNC Infratech Ltd | Equity | ₹3.64 Cr | 0.63% |
| Tata Technologies Ltd | Equity | ₹3.64 Cr | 0.63% |
| S.P. Apparels Ltd | Equity | ₹3.6 Cr | 0.63% |
| Gillette India Ltd | Equity | ₹3.48 Cr | 0.60% |
| Vedant Fashions Ltd | Equity | ₹3.04 Cr | 0.53% |
| VRL Logistics Ltd | Equity | ₹2.84 Cr | 0.49% |
| Ador Welding Ltd | Equity | ₹2.52 Cr | 0.44% |
| Suraj Estate Developers Ltd | Equity | ₹2.34 Cr | 0.41% |
| Quality Power Electrical Equipments Ltd | Equity | ₹2.28 Cr | 0.40% |
| Tata Consultancy Services Ltd | Equity | ₹1.71 Cr | 0.30% |
| Atul Ltd | Equity | ₹1.11 Cr | 0.19% |
| Net Receivables / (Payables) | Cash | ₹-0.92 Cr | 0.16% |
| Cello World Ltd | Equity | ₹0.09 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
4.18%
Mid Cap Stocks
11.26%
Small Cap Stocks
80.66%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Industrials | ₹172.06 Cr | 29.89% |
| Consumer Cyclical | ₹102 Cr | 17.72% |
| Basic Materials | ₹79.64 Cr | 13.84% |
| Consumer Defensive | ₹50.26 Cr | 8.73% |
| Utilities | ₹37.92 Cr | 6.59% |
| Financial Services | ₹37.22 Cr | 6.47% |
| Technology | ₹35.44 Cr | 6.16% |
| Healthcare | ₹22.16 Cr | 3.85% |
| Communication Services | ₹16.29 Cr | 2.83% |
| Real Estate | ₹2.34 Cr | 0.41% |
Risk & Performance Ratios
Standard Deviation
This fund
19.32%
Cat. avg.
17.23%
Lower the better
Sharpe Ratio
This fund
0.83
Cat. avg.
0.95
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.58
Higher the better
Fund Managers
Nikhil Rungta
Since July 2024
MB
Mahesh Bendre
Since July 2024
Additional Scheme Detailsas of 31st May 2025
ISIN | INF397L01JS1 | Expense Ratio | 0.92% | Exit Load | 1.00% | Fund Size | ₹576 Cr | Age | 7 years 11 months | Lumpsum Minimum | ₹5,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Smallcap 250 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:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
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 Small-Cap Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Mirae Asset Small Cap Fund Regular Growth Very High Risk | 2.0% | 1.0% | ₹1580.47 Cr | - |
| Mirae Asset Small Cap Fund Direct Growth Very High Risk | 0.4% | 1.0% | ₹1580.47 Cr | - |
| TrustMF Small Cap Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹970.00 Cr | - |
| TrustMF Small Cap Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹970.00 Cr | - |
| JM Small Cap Fund Regular Growth Very High Risk | 2.3% | 1.0% | ₹720.48 Cr | 0.0% |
| JM Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹720.48 Cr | 1.8% |
| Motilal Oswal Nifty Smallcap 250 ETF Very High Risk | 0.3% | - | ₹100.05 Cr | 0.7% |
| Motilal Oswal Small Cap Fund Regular Growth Very High Risk | 1.8% | 1.0% | ₹4927.18 Cr | 15.5% |
| Motilal Oswal Small Cap Fund Direct Growth Very High Risk | 0.6% | 1.0% | ₹4927.18 Cr | 17.1% |
| Quantum Small Cap Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹132.10 Cr | 8.7% |
About the AMC
LIC Mutual Fund
Total AUM
₹2,271 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 Gold ETF FOF Direct Growth High Risk | 0.2% | 1.0% | ₹148.89 Cr | 37.7% |
| LIC MF Equity Savings Fund Direct Growth Moderate Risk | 1.3% | 1.0% | ₹21.56 Cr | 9.6% |
| LIC MF Nifty Next 50 Index Fund Direct Growth Very High Risk | 0.3% | 0.0% | ₹96.57 Cr | -7.4% |
| LIC MF Focused 30 Equity Direct Growth Very High Risk | 1.6% | 1.0% | ₹140.33 Cr | 7.0% |
| LIC MF Long Term Value Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹164.56 Cr | 0.1% |
| LIC MF Healthcare Fund Direct Growth Very High Risk | 1.2% | 1.0% | ₹84.19 Cr | 15.4% |
| LIC MF Small Cap Fund Direct Growth Very High Risk | 0.9% | 1.0% | ₹575.56 Cr | -1.9% |
| LIC MF Midcap Fund Direct Growth Very High Risk | 1.3% | 1.0% | ₹334.51 Cr | 2.7% |
| LIC MF Dividend Yield Fund Direct Growth Very High Risk | 0.7% | 1.0% | ₹559.85 Cr | 6.2% |
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of LIC MF Small Cap Fund Direct Growth?
The NAV of LIC MF Small Cap Fund Direct Growth, as of 18-Jun-2025, is ₹33.36.
What are the returns of LIC MF Small Cap Fund Direct Growth?
The fund has generated -1.89% over the last 1 year and 25.57% 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 Small Cap Fund Direct Growth?
The fund's allocation of assets is distributed as 96.49% in equities, 0.00% in bonds, and 3.51% in cash and cash equivalents.
Who manages the LIC MF Small Cap Fund Direct Growth?
The fund managers responsible for LIC MF Small Cap Fund Direct Growth are:-
- Nikhil Rungta
- 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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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.