October 7, 2023
mayank
LIC MF Midcap Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 22.1705
NAV IDCW: Rs 20.8461
Suitable For Which Investors?
When you invest for seven years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options.
This is a fund that invests in medium-sized companies. Compared to those that invest in larger companies, such funds tend to fall more when stock prices fall. So while you can expect higher returns in the long term, there will be more severe ups and downs along the way.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies.
Fund Manager:
1) Karan Doshi
Education: Mr. Doshi is a Bachelor of Engineering, MMS (Finance)
Experience: Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
2) Dikshit Mittal
Education: Mr. Mittal is a MBA (Finance) – ICFAI Busines School, Hyderabad. B-Tech (Chemical) – Punjab Technical University.
Experience: Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with Subhkam Ventures Pvt. Limited. SBI Capital Securities and Alchemy Shares and Stock Brokers.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption Within 12 months |
Basic Details of LIC MF Midcap Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 25-Jan-17 |
| Return Since Launch | 12.62% |
| Benchmark | NIFTY Midcap 150 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 208 Cr |
| (As on 30-Sep-2023) | |
| Expense | 1.58% |
| (As on 31-Aug-2023) | |
| Risk Grade | High |
| Return Grade | Low |
| Turnover | 19.00% |
LIC MF Midcap Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Midcap Dir | 20.43 | 0.46 | -0.31 | 8.36 | 26.76 | 18.94 | 23.85 | 15.93 | — | — |
| S&P BSE 150 MidCap TRI | 25.51 | 0.63 | -0.84 | 10.48 | 30.20 | 25.90 | 32.10 | 21.58 | — | — |
| Equity: Mid Cap | 24.33 | 0.49 | -0.46 | 9.71 | 28.00 | 23.00 | 30.07 | 20.90 | — | — |
| Rank within category | 33 | 27 | 22 | 27 | 23 | 28 | 24 | 21 | — | — |
| Number of funds in category | 38 | 39 | 39 | 39 | 38 | 33 | 25 | 21 | 19 | 17 |
LIC MF Midcap Fund Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| LIC MF Midcap Dir | 1 star | 18.94 | 23.85 | 15.93 | 1.58 | 208 | 12.62 | 1.00 (12) | 6Y 8M | 19.00 |
| HDFC Mid-Cap Opp Dir | 4 star | 32.32 | 34.60 | 22.37 | 0.86 | 47,236 | 20.75 | 1.00 (365) | 10Y 9M | 8.96 |
| Kotak Emrgng Eqt Dir | 4 star | 19.94 | 31.86 | 23.26 | 0.37 | 33,091 | 20.39 | 1.00 (365) | 10Y 9M | 2.86 |
| Nippon Ind Growth Dir | 4 star | 27.35 | 33.87 | 23.84 | 0.94 | 19,247 | 17.86 | 1.00 (30) | 10Y 9M | 34.00 |
| SBI Magnum Midcap Dir | 5 star | 20.25 | 34.84 | 23.54 | 0.90 | 12,555 | 19.98 | 1.00 (365) | 10Y 9M | 12.00 |
Portfolio Analysis of LIC MF Midcap Fund
| No. of Stocks | 51 |
| Top 10 Stocks | 30.58% |
| Top 5 Stocks | 17.15% |
| Top 3 Sectors | 42.02% |
| Portfolio P/B Ratio | 3.99 |
| Portfolio P/E Ratio | 27.58 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 48,910 | 44,949 |
| Giant (%) | 5.39 | 6.79 |
| Large (%) | 34.38 | 27.96 |
| Mid (%) | 59.15 | 64.13 |
| Small (%) | 1.08 | 3.15 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For LIC MF Midcap Fund
Do not invest in this, or any other mid-cap fund, if you need to redeem your investment in less than seven years.
Apply Online: https://www.licmf.com/fund-overview/All
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