LIC MF Small Cap Fund Direct - Growth

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

The LIC MF Small Cap Fund Direct - Growth is a 8 yrs 8 m old fund and has delivered average annual returns of 14.0% since inception. LIC MF Small Cap Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception -6.53% 16.79% 20.66% 14.0%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹30.9507-1.32% 1 day change	14.0% p.a.	App exclusive #NA View Ranked Funds	₹619 Cr

Historical NAV & returns

NAV: ₹30.9507 as on Feb 02, 2026

This fund Category average

LIC MF Small Cap Fund overview

Expense ratio	1.04% 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 12 months.!
AUM (Fund size)	₹619 Cr
Lock-in Period	Nil
Age	8 yrs 8 m since Jun 01, 2017
Benchmark	NIFTY Smallcap 250 TRI
Min. investment	SIP: ₹500 & 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 Small 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	-7.25%	-6.69%
3 Months	-10.87%	-9.51%
6 Months	-8.38%	-7.05%
1 Year	-6.53%	0.16%
2 Years	5.08%	5.3%
3 Years	16.79%	17.91%
4 Years	12.04%	12.82%
5 Years	20.66%	20.07%
7 Years	18.61%	19.29%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 1.77%

Mid Cap 9.78%

Small Cap 85.76%

Other Cap 0%

Top holdings

Apollo Micro Systems Ltd.3.47%

Allied Blenders And Distillers Ltd.3.23%

Navin Fluorine International Ltd.2.43%

Manorama Industries Ltd.2.35%

Top sectors

Capital Goods 28.590000000000003%

Consumer Staples 11.31%

Chemicals 8.48%

Healthcare 7.57%

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 2.89828083%

Other Holdings

Others 2.9%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Small Cap Fund	-7.25%	-8.38%	-6.53%	16.79%	20.66%	N.A.
Nippon India Small Cap Fund	-6.08%	-6.44%	1.4%	20.96%	25.53%	21.62%
Bandhan Small Cap Fund	-6.86%	-4.76%	5.13%	30.13%	24.99%	17.05%
Invesco India Smallcap Fund	-7.43%	-5.06%	2.94%	23.87%	24.01%	15.79%
Tata Small Cap Fund	-7.35%	-14.49%	-6.33%	15.51%	22.37%	14.5%
Edelweiss Small Cap Fund	-6.11%	-3.89%	2.08%	20.01%	23.04%	16.67%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Small Cap Fund	18.64	0.9	0.62	0.73
Nippon India Small Cap Fund	16.83	0.85	0.87	1.25
Bandhan Small Cap Fund	18.29	0.92	1.22	1.95
Invesco India Smallcap Fund	16.9	0.82	1.0	1.23
Tata Small Cap Fund	16.82	0.81	0.58	0.84
Edelweiss Small Cap Fund	16.12	0.81	0.87	1.23

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Small Cap Fund	N.A.	619 Cr	8 yrs 8 m	1.04%
Nippon India Small Cap Fund	N.A.	68,287 Cr	13 yrs 1 m	0.66%
Bandhan Small Cap Fund	N.A.	18,990 Cr	6 yrs	0.48%
Invesco India Smallcap Fund	N.A.	9,225 Cr	7 yrs 3 m	0.4%
Tata Small Cap Fund	N.A.	11,324 Cr	7 yrs 3 m	0.41%
Edelweiss Small Cap Fund	N.A.	5,459 Cr	7 yrs	0.45%

View all Small Cap funds

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

Alpha	-0.22 vs. 4.53 Underperformed at beating benchmark
Sharpe	0.62 vs. 5.26 Poor risk-adjusted returns
Beta	0.9 vs. 0.68 More sensitive to market's ups & downs
Standard deviation	18.64 vs. 11.97 More volatile performance

About this fund

About LIC MF Small Cap Fund

LIC MF Small Cap Fund Direct - Growth is a Small Cap mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 8 yrs 8 m, having been launched on 01/06/2017. LIC MF Small Cap Fund Direct - Growth has ₹619 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 Small Cap Fund Direct - Growth as of 02/02/2026 is ₹30.95. The fund has an expense ratio of 1.04%, which is higher than what most other Small Cap funds charge.

LIC MF Small Cap Fund Direct - Growth returns of last 1-year are -8.68%. Since launch, it has delivered 14.00% average annual returns. The fund has doubled the money invested in it every 5 yrs.
LIC MF Small 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 low.
The fund has the majority of its money invested in Capital Goods, Consumer Staples, Chemicals, Healthcare, Services sectors. It has taken less exposure in Capital Goods, Consumer Staples sectors compared to other funds in the category.
The fund's top 5 holdings are in Apollo Micro Systems Ltd., Allied Blenders And Distillers Ltd., Navin Fluorine International Ltd., Manorama Industries Ltd., Arvind Fashions Ltd..

...

Fund AUM	619 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Yogesh Patil

Mr. Patil is an MBA (Finance). Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.

Dikshit Mittal

Mr. Mittal is a MBA (Finance) - ICFAI Busines School, Hyderabad. B-Tech (Chemical) - Punjab Technical University. 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.

Mahesh Bendre

Mr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance) Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities

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.

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 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 Small Cap Fund Direct - Growth?

The current Net Asset Value (NAV) of the LIC MF Small Cap Fund - Direct Growth plan is approximately ₹30.9507 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The LIC MF Small Cap Fund Direct - Growth is a 8 yrs 8 m old fund and has delivered average annual returns of 14.0% since inception.

LIC MF Small Cap Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
-6.53%	16.79%	20.66%	14.0%

How much does this mutual fund charge as expense ratio?

The LIC MF Small Cap Fund - Direct Growth has an expense ratio of 1.04%, 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 Small Cap Fund currently has assets under management (AUM) or fund size valued at approximately 619 Cr as on Dec 31, 2025.

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

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

Company	Percentage of Portfolio
Apollo Micro Systems Ltd.	3.47%
Allied Blenders And Distillers Ltd.	3.23%
Navin Fluorine International Ltd.	2.43%
Manorama Industries Ltd.	2.35%
Arvind Fashions Ltd.	2.24%
Pricol Ltd.	2.17%
Avalon Technologies Ltd.	2.08%
Concord Enviro Systems Ltd.	1.96%
Kirloskar Oil Engines Ltd.	1.94%
Hindustan Foods Ltd.	1.87%

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

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

Sector	Percentage of Portfolio
Capital Goods	28.590000000000003%
Consumer Staples	11.31%
Chemicals	8.48%
Healthcare	7.57%
Services	6.63%
Financial	6.279999999999999%
Textiles	4.78%
Automobile	4.68%
Consumer Discretionary	3.95%
Energy	2.81%

What is risk level of LIC MF Small Cap Fund?

This is a Small 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 Small 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 Small 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 Small Cap Fund is complete.

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

Redeeming your investments in the LIC MF Small 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 Small Cap

#NA

Return Outperformance: This fund has generated highest return amongst Small Cap funds in the last 5 Years.
Return/Risk: For every unit of risk this fund takes, it produces 20% more returns.
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.
Exit Load: Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months.