March 24, 2026
RA Jainee
LIC MF Large & Mid Cap Fund – Direct | Growth
📌 Fund Snapshot & Key Details
| Particulars | Details |
|---|---|
| Fund House | LIC Mutual Fund |
| Scheme Type | Open-ended |
| Category | Equity: Large & Mid Cap |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Launch Date | 25 February 2015 |
| Plan / Option | Growth, IDCW |
| NAV Growth (Rs.) | 40.96 |
| NAV IDCW (Rs.) | 32.49 |
| Minimum Investment (Rs.) | 5,000 |
| Minimum SIP Investment (Rs.) | 200 |
| Exit Load | 1% if redeemed within 3 months |
| Lock-in Period | NA |
| Riskometer | Very High |
| AUM (Rs.) | 3,045 Cr |
| Expense Ratio | 0.64% |
⚖️ Sahifund Review
PLUS: Stability, track record, cost efficiency
• Consistent long-term performance with ~17.68% (3Y) and ~14.55% (5Y) returns
• Balanced allocation across large and mid-cap stocks ensures stability + growth
• Reasonable expense ratio (0.64%) enhances investor returns
• Well-diversified portfolio (80+ stocks) reduces concentration risk
• Suitable core fund for long-term wealth creation with disciplined approach
MINUS: Large AUM, large-cap bias, momentum lag
• Weak short-term performance (0.85% 1Y) vs peers and benchmark
• Average category ranking indicates lack of consistent alpha generation
• Large-cap tilt (~44%) may limit upside in bull phases
• Portfolio turnover (47%) indicates active churn without strong outperformance
• Lags top-performing peers like ICICI Pru & Motilal Oswal funds
Sahifund View (Decisive Line)
A stable large & mid cap fund for long-term investors, but lacks strong alpha — suitable as a core holding, not a high-growth outperformer.
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⏱️ Last Updated: 24 March 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
NIFTY Large Midcap 250 TRI
The NIFTY Large Midcap 250 TRI represents a mix of large-cap stability and mid-cap growth, offering a balanced view of India’s equity market.
Benchmark Behaviour Snapshot
• Delivers balanced returns across market cycles
• Midcaps drive outperformance during bull markets
• Large caps provide downside protection in corrections
• Sensitive to economic growth and liquidity cycles
Sahifund Insight:
This benchmark rewards investors who stay invested across cycles rather than timing the market.
🧠 Investment Strategy – Explained Simply
The scheme aims to generate long-term capital appreciation by investing in a mix of large-cap and mid-cap companies.
➡️ In simple words:
You are investing in a diversified basket of stable large companies and high-growth mid-cap companies to balance risk and returns.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Yogesh Patil
MBA (Finance) with experience across Canara Robeco, Sahara MF and Religare — brings diversified equity fund management experience.
Dikshit Mittal
Strong background in equity research and portfolio construction across institutions like SBI Capital and Alchemy.
Sahifund Assessment:
Performance depends on effective allocation between large and mid caps — currently average vs peers.
🎯 Suitable for Which Investors?
Suitable if you:
• Want balanced exposure to large and mid-cap stocks
• Seek long-term wealth creation (5+ years horizon)
• Prefer moderate risk with diversified allocation
• Looking for a core portfolio fund
Avoid if you:
• Want high alpha or aggressive returns
• Prefer top-performing or momentum funds
• Have short-term investment horizon
• Expect outperformance vs category leaders
❓ Should You Invest in This Fund?
Yes — but selectively.
LIC MF Large & Mid Cap Fund can be considered as a core portfolio allocation for investors seeking stability with moderate growth. However, due to average performance vs peers, investors may also evaluate better-performing alternatives.
Final Word:
A steady performer — but not a category leader.
⚠️ Disclaimer
Mutual fun