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Mid Cap · Equity

LIC MF Mid cap Fund

LIC Mutual Fund Asset Management Limited
Benchmark
Nifty Midcap 150 TRI
Riskometer
Very High
Size
₹370 cr
Allotted
25 Jan 2017
Holdings as of
30 Sep 2026

LIC MF Mid cap Fund is a mid cap fund of LIC Mutual Fund Asset Management Limited with ₹370 cr under management. It is ahead of its benchmark (Nifty Midcap 150 TRI) in 2 of 3 periods. Its direct plan charges 1.99% a year. Sudhanshu Asthana has managed it for 0.1 years.

Has LIC MF Mid cap Fund beaten its benchmark?

Ahead of its benchmark, Nifty Midcap 150 TRI, in 2 of 3 periods in AMFI's figures; +2.83% over the last year against +1.00%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty Midcap 150 TRIAhead
1 month−5.53% −4.48% —
3 months−3.89% −5.57% —
6 months+4.92% +1.17% —
1 year+2.55% +1.66% +0.89 pts
3 years+14.31% +13.63% +0.68 pts
5 years— +13.29% —
10 years— +16.21% —
Since start
from 31 Jul 2023
+15.21%——
Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty Midcap 150 TRI) in 2 of 3 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +2.83%+1.72%+1.00% +1.83 🔒
3y +14.57%+13.39%+13.62% +0.95 🔒
5y +10.60%+9.53%+13.43% −2.83 🔒
10y ——— — —
Ahead in points a year · its rank among Mid Cap funds, and how steady the lead is, in the app

Value of 100, month-end

Jul 2023 to 14 Oct 2026
100150200 2025
Fund 157Nifty Midcap 150 TRI 157

₹100 put in at the start of Jul 2023 would be ₹157 on 14 Oct 2026, against ₹157 in the Nifty Midcap 150 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does LIC MF Mid cap Fund cost?

1.99% a year on the direct plan, 3.08% on the regular plan; 31 of 34 funds in its category charge less.

Direct plan
1.99% a year
Category median 0.94%
Regular plan
3.08% a year
Category median 2.01%
Gap
1.09 points
for the same holdings
31 of 34 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Scheme - Mid Cap Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages LIC MF Mid cap Fund?

Sudhanshu Asthana, since 1 Sep 2026.

Sudhanshu Asthana
Fund Manager
0.1 years
since 1 Sep 2026
Benchmark as filedNIFTY Midcap 150 - TRI
Exit load
Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.
From 4 Scheme Summary Documents filed with NSE, first on 11 Apr 2026; as on 6 Sep 2026

What does LIC MF Mid cap Fund hold?

41 holdings as of 30 Sep 2026; the ten largest are 32.1% of the fund, the largest AU Small Finance Bank Ltd. at 4.0%.

Mix

Holdings as of 30 Sep 2026
Equity94.5%Debt0.0%Cash5.6%Other0.0%
Holdings
41
39 shares
Top ten
32.1%
of the fund
Effective holdings
36.6
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
AU Small Finance Bank Ltd.3.98%
INDO-MIM Ltd.3.89%
Aurobindo Pharma Ltd.3.72%
Neuland Laboratories Ltd.2.99%
FSN E-Commerce Ventures Ltd.2.99%

Five largest industries

% of fund
Capital Markets10.1%
Retailing9.00%
Pharmaceuticals & Biotechnology9.00%
Banks8.80%
IT - Software7.90%

By company size

% of equity · SEBI size lists
Large Cap2.8%Mid Cap86.9%Small Cap10.3%

How does LIC MF Mid cap Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is LIC MF Mid cap Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker
Nearest to the Nifty Midcap 150: 68% of it differs from the index (an active fund is usually above 60%).
Active share 68.3%60%

Funds that hold much the same

% of holdings in common
LIC MF LARGE & MID CAP FUND39.0% the same
16 shared holdings
AXIS NIFTY MIDCAP 50 INDEX FUND36.5% the same
17 shared holdings
ICICI Prudential BSE Midcap Select ETF34.6% the same
13 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages LIC MF Mid cap Fund?

Sudhanshu Asthana (Fund Manager) since 1 Sep 2026.

What is the expense ratio of LIC MF Mid cap Fund?

1.99% a year on the direct plan and 3.08% on the regular plan (expense report, Oct 2026).

How has LIC MF Mid cap Fund done?

Its direct plan returned +14.57% a year over 3 years against +13.62% for its benchmark, Nifty Midcap 150 TRI, as of 13 Oct 2026.

Inside the app

See LIC MF Mid cap Fund beside your own funds in Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

LIC MF Mid cap Fund in the app: beside your own funds, with what you own through them

See the full analysis in the app →See pricing
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