| APR 2026 | MAR 2026 | FEB 2026 | JAN 2026 | DEC 2025 | NOV 2025 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 60 | 70 | 70 | 71 | 71 | 73 |
| Top 5 Company Holdings | 14.77% | 12.51% | 13.57% | 13.83% | 13.72% | 13.33% |
| Top 10 Company Holdings | 26.19% | 22.75% | 24.1% | 23.99% | 23.74% | 23.24% |
| Company with Highest Exposure | Garware Hi-Tech Films (3.62%) | Navin Fluorine International (2.83%) | Apollo Micro Sys (3.1%) | Apollo Micro Sys (3.51%) | Apollo Micro Sys (3.47%) | Allied Blenders And Distillers (3.44%) |
| Number of Sectors | 14 | 14 | 15 | 15 | 15 | 15 |
| Top 3 Sector Holdings | 51.68% | 48.28% | 49.9% | 49.35% | 49.8% | 45.82% |
| Top 5 Sector Holdings | 65.07% | 63.06% | 62.55% | 63.15% | 64.0% | 60.53% |
| Sector with Highest Exposure | Capital Goods (29.92%) | Capital Goods (28.61%) | Capital Goods (30.36%) | Capital Goods (29.88%) | Capital Goods (30.03%) | Capital Goods (26.2%) |
(Scheme Rating)
LIC MF Small Cap Fund Direct - Growth
NAV as of Jun 09, 2026
35.781.35%
(Earn upto 1.34% Extra Returns with Direct Plan)
Investment Growth
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LIC MF Small Cap Fund Direct - Growth Fund Details
Investment Objective - The scheme seeks to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small-cap Companies.
| Fund House | LIC Mutual Fund |
| Launch Date | Jun 21, 2017 |
| Benchmark | NIFTY Smallcap 250 Total Return Index |
| Return Since Launch | 15.27% |
| Riskometer | Very High |
| Fund Category | Equity: Small Cap |
| Expense Ratio | 1.00%(0.81% Category average) |
| Fund Size | Rs. 660.05 Cr(0.16% of Investment in Category) |
| Type | Open-ended |
| Risk Grade | Above Average |
| Return Grade | Average |
LIC MF Small Cap Fund Direct - Growth Investment Details
| Minimum Investment (Rs.) | 5,000.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 200.00 |
| Minimum Withdrawal (Rs.) | 1,000.00 |
| Exit Load Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months. | |
LIC MF Small Cap Fund Direct - Growth Fund Key Highlights
1. Current NAV: The Current Net Asset Value of the LIC MF Small Cap Fund - Direct Plan as of Jun 09, 2026 is Rs 35.78 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.85% (1yr), 19.42% (3yr), 19.4% (5yr) and 15.42% (since launch). Whereas, Category returns for the same time duration are: 3.24% (1yr), 18.72% (3yr) and 17.04% (5yr).
3. Fund Size: The LIC MF Small Cap Fund - Direct Plan currently holds Assets under Management worth of Rs 660.05 crore as on Apr 30, 2026.
4. Expense ratio: The expense ratio of the fund is 1.22% for Direct plan as on May 29, 2026.
5. Exit Load: LIC MF Small Cap Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 200.
1. Current NAV: The Current Net Asset Value of the LIC MF Small Cap Fund - Direct Plan as of Jun 09, 2026 is Rs 35.78 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.85% (1yr), 19.42% (3yr), 19.4% (5yr) and 15.42% (since launch). Whereas, Category returns for the same time duration are: 3.24% (1yr), 18.72% (3yr) and 17.04% (5yr).
3. Fund Size: The LIC MF Small Cap Fund - Direct Plan currently holds Assets under Management worth of Rs 660.05 crore as on Apr 30, 2026.
4. Expense ratio: The expense ratio of the fund is 1.22% for Direct plan as on May 29, 2026.
5. Exit Load: LIC MF Small Cap Fund - Direct Plan shall attract an Exit Load, "Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 200.
LIC MF Small Cap Fund Direct - Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -2.36 16.90 10.54 5.60 18.56 18.52 Category Avg -1.99 13.01 4.67 -0.28 17.79 16.42 Rank within Category 29 8 4 10 18 10 No. of funds within Category 59 57 54 49 34 25
Return Comparison
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Portfolio Allocation
Asset Allocation
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Asset Allocation History
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EquityDebtCash
Sector Allocation
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Market Cap Allocation
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Concentration & Valuation Analysis
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Garware Hi-Tech Films Materials 3.62 - - - Navin Fluorine International Chemicals 3.03 - - - Manorama Ind Consumer Staples 2.75 - - - Avalon Technologies Capital Goods 2.74 - - - Allied Blenders And Distillers Consumer Staples 2.63 - - - Schneider Electric Capital Goods 2.52 - - - KSH International Capital Goods 2.5 - - - Carraro Capital Goods 2.19 - - - Bharat Bijlee Capital Goods 2.14 - - - Arvind Fashions Textiles 2.07 - - -
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y LIC MF Small Cap Fund Direct - Growth 35.78 660.05 -2.36 5.60 18.56 18.52 Bandhan Small Cap Fund Direct-Growth 52.72 25,345.79 -2.53 2.73 29.03 21.62 Invesco India Smallcap Fund Direct - Growth 48.86 11,038.23 -0.18 4.74 23.75 21.22 Edelweiss Small Cap Fund Direct - Growth 49.63 5,952.01 -2.35 2.23 18.72 18.75 Sundaram Small Cap Fund Direct-Growth 306.74 3,562.91 -1.80 6.50 19.58 18.68
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
High Volatality
21.54VS20.38Fund Vs Category Avg
Beta
High Volatality
0.93VS0.90Fund Vs Category Avg
Sharpe Ratio
Poor risk-adjusted returns
0.66VS0.70Fund Vs Category Avg
Treynor's Ratio
Poor risk-adjusted returns
15.39VS15.99Fund Vs Category Avg
Jensen's Alpha
Poor risk-adjusted returns
1.48VS2.02Fund Vs Category Avg
Mean Return
Poor average monthly returns
20.12VS20.24Fund Vs Category Avg
Risk Ratio Chart
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- Risk Ratio
- Category Average
Size of Bubbles represents the Fund Size
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Fund Manager
- K.M.Kedarnath MirajkarSince Jun 2025
- S.A.Shyam AgarwalSince Jun 2025
Mr. Mirajkar has done PGDBM (Finance) Prior to joining Zerodha Mutual Fund, he has worked with ABSL AMC, HDFC Bank as a Deupty Manager, Bombay Dyeing as a Finance Executive. He has over 10 years of experience in the Mutual Fund Industry.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Zerodha Gold ETF FoF Direct-Growth Gold 19.66 328.73 52.77 Zerodha Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund Direct-Growth Aggressive Hybrid 9.84 Unrated 15.01 - Zerodha Nifty MidSmallcap400 50:50 Index Fund Direct-Growth Mid Cap 10.61 Unrated 7.89 - Zerodha Nifty Short Duration G-Sec Index Fund Direct-Growth Short Duration 1,015.26 Unrated 17.86 - Zerodha BSE SENSEX Index Fund Direct-Growth Large Cap 8.83 Unrated 15.53 - Zerodha Nifty 50 Index Fund Direct-Growth Large Cap 9.20 Unrated 53.68 - Zerodha Overnight Fund Direct-Growth Overnight 10.64 Unrated 165.35 5.21 Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund Direct-Growth ELSS 13.73 Unrated 265.70 -1.36 Zerodha Nifty Large Midcap 250 Index Fund Direct-Growth Large & MidCap 13.70 Unrated 1,410.18 -1.44 Mr. Agarwal has done B.Com Prior to joining Zerodha Mutual Fund, he has worked with Smallcase, True Beacon, Xavierian Debating Society, The Economic Transcript
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Zerodha Gold ETF FoF Direct-Growth Gold 19.66 328.73 52.77
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FAQs about LIC MF Small Cap Fund Direct - Growth
- Is it safe to invest in LIC MF Small Cap Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the LIC MF Small Cap Fund - Direct Plan comes under Very High risk category.
- What is the category of LIC MF Small Cap Fund - Direct Plan?LIC MF Small Cap Fund - Direct Plan belongs to the Equity : Small Cap category of funds.
- How Long should I Invest in LIC MF Small Cap Fund - Direct Plan?The suggested investment horizon of investing into LIC MF Small Cap Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the LIC MF Small Cap Fund - Direct Plan?The LIC MF Small Cap Fund - Direct Plan is managed by Dikshit Mittal (Since Jul 24, 2025) and Mahesh Bendre (Since Jul 01, 2024).
About LIC MF Small Cap Fund Direct - Growth
1. LIC MF Small Cap Fund - Direct Plan is Open-ended Small Cap Equity scheme which belongs to LIC Mutual Fund House.
2. The fund was launched on Jun 21, 2017.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small-cap Companies. "
2. It is benchmarked against NIFTY Smallcap 250 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 96.23% in equities, 0.0% in debts and 3.77% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 26.19% of the assets, the top 3 sectors constitute around 51.68% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on LIC MF Small Cap Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
1. LIC MF Small Cap Fund - Direct Plan is Open-ended Small Cap Equity scheme which belongs to LIC Mutual Fund House.
2. The fund was launched on Jun 21, 2017.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small-cap Companies. "
2. It is benchmarked against NIFTY Smallcap 250 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 96.23% in equities, 0.0% in debts and 3.77% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 26.19% of the assets, the top 3 sectors constitute around 51.68% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on LIC MF Small Cap Fund Direct - Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.