LIC MF Flexi Cap Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The LIC MF Flexi Cap Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 10.92% since inception. LIC MF Flexi Cap Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 4.51% 15.22% 12.13% 12.21% 10.92%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹107.1302-1.21% 1 day change	10.92% p.a.	App exclusive #NA View Ranked Funds	₹1,063 Cr

Historical NAV & returns

NAV: ₹107.1302 as on Feb 02, 2026

This fund Category average

LIC MF Flexi Cap Fund overview

Expense ratio	1.59% as on Feb 02, 2026
Exit load	1.0% Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.!
AUM (Fund size)	₹1,063 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	NIFTY 500 TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

LIC MF Flexi Cap Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	-6.25%	-7.1%
3 Months	-6.84%	-7.08%
6 Months	0.47%	-4.04%
1 Year	4.51%	2.91%
2 Years	8.14%	7.38%
3 Years	15.22%	15.65%
4 Years	10.23%	11.17%
5 Years	12.13%	13.78%
7 Years	12.54%	14.31%
10 Years	12.21%	13.95%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 37.36%

Mid Cap 21.06%

Small Cap 39.4%

Other Cap 0%

Top holdings

HDFC Bank Ltd.6.58%

Kotak Mahindra Bank Ltd.4.33%

Apollo Micro Systems Ltd.4.04%

Allied Blenders And Distillers Ltd.2.9%

Top sectors

Financial 27.75%

Capital Goods 11.490000000000002%

Healthcare 10.530000000000001%

Consumer Staples 9.93%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 2.3854218%

Other Holdings

Others 2.39%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Flexi Cap Fund	-6.25%	0.47%	4.51%	15.22%	12.13%	12.21%
HDFC Flexi Cap Fund	-3.14%	3.58%	12.52%	21.97%	21.54%	18.87%
Parag Parikh Flexi Cap Fund	-2.29%	1.6%	6.59%	20.22%	19.06%	18.93%
JM Flexicap Fund	-5.61%	-3.69%	-3.21%	20.6%	18.26%	18.38%
Edelweiss Flexi Cap Fund	-4.39%	3.25%	10.4%	20.09%	17.7%	17.38%
Franklin India Flexi Cap Fund	-4.59%	-0.76%	5.95%	18.48%	16.72%	15.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Flexi Cap Fund	13.97	1.0	0.67	0.81
HDFC Flexi Cap Fund	10.29	0.78	1.44	2.41
Parag Parikh Flexi Cap Fund	8.29	0.59	1.68	2.59
JM Flexicap Fund	14.8	1.03	0.97	1.35
Edelweiss Flexi Cap Fund	13.05	0.99	1.09	1.44
Franklin India Flexi Cap Fund	12.12	0.92	1.01	1.48

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Flexi Cap Fund	N.A.	1,063 Cr	13 yrs 1 m	1.59%
HDFC Flexi Cap Fund	N.A.	96,295 Cr	13 yrs 1 m	0.67%
Parag Parikh Flexi Cap Fund	N.A.	1,33,309 Cr	12 yrs 8 m	0.63%
JM Flexicap Fund	N.A.	5,463 Cr	13 yrs 1 m	0.62%
Edelweiss Flexi Cap Fund	N.A.	3,127 Cr	11 yrs	0.43%
Franklin India Flexi Cap Fund	N.A.	19,972 Cr	13 yrs 1 m	0.92%

View all Flexi Cap funds

Key risk & return ratios Compared to other funds in the category

Alpha	-0.69 vs. 5.35 Underperformed at beating benchmark
Sharpe	0.67 vs. 4.43 Poor risk-adjusted returns
Beta	1.0 vs. 0.76 More sensitive to market's ups & downs
Standard deviation	13.97 vs. 9.47 More volatile performance

About this fund

About LIC MF Flexi Cap Fund

LIC MF Flexi Cap Fund Direct-Growth is a Flexi Cap mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. LIC MF Flexi Cap Fund Direct-Growth has ₹1,063 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of LIC MF Flexi Cap Fund Direct-Growth as of 02/02/2026 is ₹107.13. The fund has an expense ratio of 1.59%, which is higher than what most other Flexi Cap funds charge.

LIC MF Flexi Cap Fund Direct-Growth returns of last 1-year are 3.88%. Since launch, it has delivered 12.56% average annual returns. The fund has doubled the money invested in it every 6 yrs.
LIC MF Flexi Cap Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Financial, Capital Goods, Healthcare, Consumer Staples, Services sectors. It has taken less exposure in Financial, Capital Goods sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., Kotak Mahindra Bank Ltd., Apollo Micro Systems Ltd., Allied Blenders And Distillers Ltd., Torrent Pharmaceuticals Ltd..

...

Fund AUM	1,063 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Jaiprakash Toshniwal

Mr. Toshniwal is a CFA - CFA Institute, USA. MS Finance (CFA) - ICFAI, India. B.com - Gujarat University. Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with India First Life Insurance and Taurus Mutual Fund.

Karan Doshi

Mr. Doshi is a Bachelor of Engineering, MMS (Finance) Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.

Investment objective

The scheme seeks maximum possible capital growth consistent with reasonable levels of safety with predominant investment in equity, it may also take exposure in debt market securities. It was made in to an open-ended scheme from April 1998.

LIC Mutual Fund details

No. of schemes	32 view all schemes
Total AUM	44,894 Cr as on Dec 31, 2025
Address	Industrial Assurance Building Ground Floor, Opp. Churchgate Station Mumbai, 400020
Email	br.mumbai@licmf.com
Phone	022-66016177 / 022-66016178

More funds from LIC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
LIC MF Infrastructure Fund	N.A.	1,003 Cr	10.48%	24.88%
LIC MF Small Cap Fund	N.A.	619 Cr	-6.53%	20.66%
LIC MF Dividend Yield Fund	N.A.	689 Cr	6.85%	17.59%
LIC MF Midcap Fund	N.A.	346 Cr	1.59%	16.24%
LIC MF Large & Mid Cap Fund	N.A.	3,116 Cr	5.36%	16.15%
LIC MF Value Fund	N.A.	199 Cr	0.97%	14.52%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of LIC MF Flexi Cap Fund Direct-Growth?

The current Net Asset Value (NAV) of the LIC MF Flexi Cap Fund - Direct Growth plan is approximately ₹107.1302 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The LIC MF Flexi Cap Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 10.92% since inception.

LIC MF Flexi Cap Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
4.51%	15.22%	12.13%	12.21%	10.92%

How much does this mutual fund charge as expense ratio?

The LIC MF Flexi Cap Fund - Direct Growth has an expense ratio of 1.59%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The LIC MF Flexi Cap Fund currently has assets under management (AUM) or fund size valued at approximately 1,063 Cr as on Dec 31, 2025.

What are the top stock holdings of LIC MF Flexi Cap Fund?

The LIC MF Flexi Cap Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	6.58%
Kotak Mahindra Bank Ltd.	4.33%
Apollo Micro Systems Ltd.	4.04%
Allied Blenders And Distillers Ltd.	2.9%
Torrent Pharmaceuticals Ltd.	2.66%
CreditAccess Grameen Ltd.	2.48%
Interglobe Aviation Ltd.	2.32%
VA Tech Wabag Ltd.	2.29%
SRF Ltd.	2.22%
Axis Bank Ltd.	2.15%

What are the top sectors LIC MF Flexi Cap Fund has invested in?

The LIC MF Flexi Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	27.75%
Capital Goods	11.490000000000002%
Healthcare	10.530000000000001%
Consumer Staples	9.93%
Services	7.329999999999999%
Technology	7.06%
Chemicals	5.920000000000001%
Construction	5.17%
Textiles	3.62%
Automobile	2.75%

What is risk level of LIC MF Flexi Cap Fund?

This is a Flexi Cap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in LIC MF Flexi Cap Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for LIC MF Flexi Cap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the LIC MF Flexi Cap Fund is complete.

How can I redeem my investments in LIC MF Flexi Cap Fund?

Redeeming your investments in the LIC MF Flexi Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Flexi Cap

#NA

Return Outperformance: This fund has generated highest return amongst Flexi Cap funds in the last 2 Years.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Chance: This fund has generated only 8.98% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.