LIC MF Balanced Advantage Fund
The scheme seeks to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments.
Growthvine rating: 2/5 — ranked #27 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹13.36 (as of 2026-10-01) |
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| AUM | ₹686 Cr |
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| Expense ratio | 2.04% |
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| Riskometer | Moderately High |
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| Fund manager | Mahesh Bendre |
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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
| Sharpe ratio | 0.3 |
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| Standard deviation | 9.03% |
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| Max drawdown | −10.41% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 99.6% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 95.9% of its downside.
Market cap allocation
| Large cap | 51.5% |
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| Mid cap | 31.9% |
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| Small cap | 16.7% |
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Concentration
| Top 5 holdings | 16.9% |
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| Top 10 holdings | 28.3% |
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| Total holdings | 48 |
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Top holdings
- 7.43% Jamnagar Utilities & Power Pvt. Ltd. — 7.5%
- ICICI Bank Ltd. — 5.6%
- Treps — 4.0%
- Navin Fluorine International Limited — 3.7%
- 7.18% Government of India — 3.7%
- Sun Pharmaceutical Industries Ltd. — 2.8%
- Larsen & Toubro Limited — 2.5%
- Solar Industries India Limited — 2.4%
- Shriram Finance Limited — 2.4%
- AU Small Finance Bank Limited — 2.3%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −2.5% | Q2 | #14 of 35 |
| 2025 | 3.2% | Q4 (Bottom) | #28 of 34 |
| 2024 | 12.1% | Q3 | #20 of 30 |
| 2023 | 13.3% | Q4 (Bottom) | #26 of 26 |
| 2022 | 5.4% | Q1 (Top) | #5 of 21 |