LIC Large & Mid Cap Fund
The scheme seeks to generate long term capital appreciation by investing substantially in a portfolio of equity and equity linked instruments of large cap and midcap companies.
Growthvine rating: 2/5 — ranked #22 of 41 in category.
Fund basics
| Category | Equity: Large & Mid Cap |
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| NAV | ₹34.98 (as of 2026-10-23) |
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| AUM | ₹3,198 Cr |
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| Expense ratio | 1.68% |
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| Riskometer | Very High |
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| Fund manager | Sudhanshu Asthana |
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| Exit load | For units in excess of 12% of the investment, 1% will be charged for redemption within 3 months |
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Performance & risk
| 5-year annualised return | 8.81% |
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| Sharpe ratio | 0.35 |
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| Standard deviation | 17.46% |
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| Max drawdown | −34.04% |
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| Alpha | 2.08 |
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| Beta | 1.06 |
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Over 5 years, captured 93.5% of NIFTY LargeMidcap 250's upside and 101.1% of its downside.
Market cap allocation
| Large cap | 37.4% |
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| Mid cap | 43.4% |
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| Small cap | 19.2% |
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Concentration
| Top 5 holdings | 19.0% |
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| Top 10 holdings | 34.7% |
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| Total holdings | 38 |
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| Index overlap | 14.5% |
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| Active share | 85.5% |
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Top holdings
- AU Small Finance Bank Limited — 4.2%
- Persistent Systems Limited — 4.0%
- Eicher Motors Ltd. — 3.8%
- CG Power and Industrial Solutions Limited — 3.6%
- InterGlobe Aviation Limited — 3.4%
- CarTrade Tech Limited — 3.3%
- Bajaj Finance Limited — 3.2%
- FSN E-Commerce Ventures Limited — 3.2%
- Aditya Birla Capital Ltd — 3.0%
- Divis Laboratories Ltd. — 3.0%
Top sectors
- Banking & Financial — 13.8%
- Retail — 11.1%
- Finance & Investments — 11.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −10.3% | Q4 (Bottom) | #31 of 38 |
| 2025 | 0.2% | Q4 (Bottom) | #29 of 34 |
| 2024 | 27.9% | Q1 (Top) | #6 of 29 |
| 2023 | 26.7% | Q4 (Bottom) | #23 of 28 |
| 2022 | −2.3% | Q4 (Bottom) | #23 of 28 |