LIC MF Small Cap Fund

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

The LIC MF Small Cap Fund is a 8 yrs 4 m old fund and has delivered average annual returns of 14.37% since inception. LIC MF Small Cap Fund Returns 1-Year 3-Year 5-Year Since Inception -1.39% 17.49% 27.78% 14.37%

Q: How much does this mutual fund charge as expense ratio?

The LIC MF Small Cap Fund has an expense ratio of 2.38% , 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.

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹30.4188+0.32% 1 day change	14.37% p.a.	App exclusive #NA View Ranked Funds	₹632 Cr

Historical NAV & returns

NAV: ₹30.4188 as on Oct 20, 2025

This fund Category average

LIC MF Small Cap Fund overview

AUM (Fund size)	₹632 Cr
Exit load	1.0% Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months.!
Lock-in Period	Nil
Age	8 yrs 4 m since Jun 01, 2017
Benchmark	NIFTY Smallcap 250 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	2.38% as on Sep 30, 2025
Plan type	Regular
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 Oct 25, 2025

Period	This fund	Category average
1 Month	-0.15%	1.12%
3 Months	-0.65%	0.57%
6 Months	9.17%	11.6%
1 Year	-1.39%	2.09%
2 Years	20.06%	19.24%
3 Years	17.49%	19.96%
4 Years	16.95%	16.69%
5 Years	27.78%	28.27%
7 Years	19.42%	21.14%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 5.33%

Mid Cap 9.32%

Small Cap 82.45%

Other Cap 0%

Top holdings

Apollo Micro Systems Ltd.4.07%

Allied Blenders And Distillers Ltd.2.62%

Manorama Industries Ltd.2.41%

Avalon Technologies Ltd.2.36%

Top sectors

Capital Goods 28.310000000000006%

Consumer Staples 9.29%

Chemicals 7.71%

Services 7.240000000000001%

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 3.36959342%

Other Holdings

Others 3.37%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
LIC MF Small Cap Fund	-0.15%	9.17%	-1.39%	17.49%	27.78%	N.A.
Nippon India Small Cap Fund	1.07%	10.31%	0.27%	22.87%	32.7%	20.54%
Bandhan Small Cap Fund	1.91%	13.35%	7.3%	30.71%	30.75%	16.92%
Tata Small Cap Fund	-1.87%	7.64%	-4.39%	19.87%	29.2%	14.7%
Invesco India Smallcap Fund	3.61%	14.33%	8.79%	25.84%	31.13%	15.62%
Quant Small Cap Fund	2.37%	10.46%	0.71%	24.5%	33.7%	19.55%

Fund name	Std. deviation	Beta	Sharpe	Sortino
LIC MF Small Cap Fund	18.26	0.9	0.63	0.73
Nippon India Small Cap Fund	16.46	0.85	0.93	1.3
Bandhan Small Cap Fund	17.88	0.91	1.17	1.84
Tata Small Cap Fund	16.04	0.8	0.83	1.16
Invesco India Smallcap Fund	16.15	0.81	1.04	1.26
Quant Small Cap Fund	17.35	0.87	0.95	1.47

Fund name	ETM Rank	AUM	Fund age	Expense ratio
LIC MF Small Cap Fund	N.A.	632 Cr	8 yrs 4 m	2.38%
Nippon India Small Cap Fund	N.A.	66,136 Cr	15 yrs 1 m	1.4%
Bandhan Small Cap Fund	N.A.	15,738 Cr	5 yrs 8 m	1.65%
Tata Small Cap Fund	N.A.	11,637 Cr	7 yrs	1.67%
Invesco India Smallcap Fund	N.A.	8,055 Cr	7 yrs	1.73%
Quant Small Cap Fund	N.A.	29,288 Cr	29 yrs 1 m	1.59%

View all Small Cap funds

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

Alpha	-2.23 vs. 4.89 Underperformed at beating benchmark
Sharpe	0.63 vs. 5.92 Poor risk-adjusted returns
Beta	0.9 vs. 0.74 More sensitive to market's ups & downs
Standard deviation	18.26 vs. 12.63 More volatile performance

Compare LIC MF Small Cap Fund in detail with

About this fund

About LIC MF Small Cap Fund

LIC MF Small Cap Fund is a Small Cap mutual fund scheme from Lic Mutual Fund. This fund has been in existence for 8 yrs 4 m, having been launched on 01/06/2017. LIC MF Small Cap Fund has ₹632 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of LIC MF Small Cap Fund as of 20/10/2025 is ₹30.42. The fund has an expense ratio of 2.38%, which is higher than what most other Small Cap funds charge.

LIC MF Small Cap Fund returns of last 1-year are -9.78%. Since launch, it has delivered 14.28% average annual returns. The fund has doubled the money invested in it every 5 yrs.
LIC MF Small Cap Fund 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, Services, Healthcare 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., Manorama Industries Ltd., Avalon Technologies Ltd., Syrma SGS Technology Ltd..

...

Fund AUM	632 Cr as on Sep 30, 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	30 view all schemes
Total AUM	41,742 Cr as on Sep 30, 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.	1,025 Cr	4.77%	31.34%
LIC MF Midcap Fund	N.A.	335 Cr	2.8%	22.25%
LIC MF Dividend Yield Fund	N.A.	660 Cr	6.5%	22.16%
LIC MF Large & Mid Cap Fund	N.A.	3,047 Cr	3.71%	20.1%
LIC MF Value Fund	N.A.	195 Cr	0.44%	19.06%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of LIC MF Small Cap Fund?

The current Net Asset Value (NAV) of the LIC MF Small Cap Fund plan is approximately ₹30.4188 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The LIC MF Small Cap Fund is a 8 yrs 4 m old fund and has delivered average annual returns of 14.37% since inception.

LIC MF Small Cap Fund Returns

1-Year	3-Year	5-Year	Since Inception
-1.39%	17.49%	27.78%	14.37%

How much does this mutual fund charge as expense ratio?

The LIC MF Small Cap Fund has an expense ratio of 2.38%, 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 632 Cr as on Sep 30, 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.	4.07%
Allied Blenders And Distillers Ltd.	2.62%
Manorama Industries Ltd.	2.41%
Avalon Technologies Ltd.	2.36%
Syrma SGS Technology Ltd.	2.19%
Arvind Fashions Ltd.	2.17%
Concord Enviro Systems Ltd.	2.17%
Navkar Corporation Ltd.	2.16%
JTL Industries Ltd	2.1%
Bharat Bijlee Ltd.	2.02%

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	28.310000000000006%
Consumer Staples	9.29%
Chemicals	7.71%
Services	7.240000000000001%
Healthcare	6.92%
Financial	5.709999999999999%
Consumer Discretionary	5.41%
Metals & Mining	5.34%
Textiles	4.76%
Automobile	4.17%

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 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 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.
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 12 months.