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: 1/5 — ranked #31 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
|---|
| NAV | ₹14.05 (as of 2026-08-21) |
|---|
| AUM | ₹686 Cr |
|---|
| Expense ratio | 2.04% |
|---|
| Riskometer | Moderately High |
|---|
| Fund manager | Manoj Bajpai |
|---|
| Exit load | For units in excess of 12% of the investment, 1% will be charged for redemption within 3 months |
|---|
Performance & risk
| Sharpe ratio | 0.12 |
|---|
| Standard deviation | 8.98% |
|---|
| Max drawdown | -10.41% |
|---|
| Alpha | 0 |
|---|
| Beta | 0 |
|---|
Over 5 years, captured 99.6% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 102.5% of its downside.
Market cap allocation
| Large cap | 53.9% |
|---|
| Mid cap | 31.1% |
|---|
| Small cap | 15.1% |
|---|
Concentration
| Top 5 holdings | 17.4% |
|---|
| Top 10 holdings | 28.9% |
|---|
| Total holdings | 47 |
|---|
Top holdings
- 7.43% Jamnagar Utilities & Power Pvt. Ltd. — 7.6%
- ICICI Bank Ltd. — 5.6%
- Navin Fluorine International Limited — 4.1%
- 7.18% Government of India — 3.7%
- Treps — 3.3%
- Sun Pharmaceutical Industries Ltd. — 2.8%
- Divis Laboratories Ltd. — 2.5%
- Larsen & Toubro Limited — 2.5%
- Bajaj Finance Limited — 2.4%
- 7.26% Government of India — 2.3%
Top sectors
- Banking & Financial — 14.8%
- Industrial Products — 9.8%
- Chemicals — 8.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 2.5% | Q1 (Top) | #6 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 |