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Small Cap · Equity

LIC MF Small Cap Fund

LIC Mutual Fund Asset Management Limited
Benchmark
Nifty Smallcap 250 TRI
Riskometer
Very High
Size
₹843 cr
Allotted
21 Jun 2017
Holdings as of
30 Sep 2026

LIC MF Small Cap Fund is a small cap fund of LIC Mutual Fund Asset Management Limited with ₹843 cr under management. It is ahead of its benchmark (Nifty Smallcap 250 TRI) in 3 of 3 periods. Its direct plan charges 1.27% a year. Dikshit Mittal has managed it for 1.2 years.

Has LIC MF Small Cap Fund beaten its benchmark?

Ahead of its benchmark, Nifty Smallcap 250 TRI, in 3 of 3 periods in AMFI's figures; +14.93% over the last year against +5.12%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty Smallcap 250 TRIAhead
1 month−3.31% −2.73% —
3 months+3.62% −1.21% —
6 months+18.25% +11.53% —
1 year+16.07% +6.04% +10.03 pts
3 years+17.17% +13.53% +3.64 pts
5 years— +13.22% —
10 years— +14.34% —
Since start
from 31 Jul 2023
+18.34%——
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 Smallcap 250 TRI) in 3 of 3 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +14.93%+13.40%+5.12% +9.81 🔒
3y +17.03%+15.59%+13.51% +3.52 🔒
5y +16.00%+14.70%+13.33% +2.67 🔒
10y ——— — —
Ahead in points a year · its rank among Small 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 172Nifty Smallcap 250 TRI 160

₹100 put in at the start of Jul 2023 would be ₹172 on 14 Oct 2026, against ₹160 in the Nifty Smallcap 250 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 Small Cap Fund cost?

1.27% a year on the direct plan, 2.60% on the regular plan; 32 of 36 funds in its category charge less.

Direct plan
1.27% a year
Category median 0.90%
Regular plan
2.60% a year
Category median 2.05%
Gap
1.33 points
for the same holdings
32 of 36 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Scheme - Small 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 Small Cap Fund?

Dikshit Mittal, since 24 Jul 2025; Sudhanshu Asthana, since 1 Sep 2026.

Dikshit Mittal
1.2 years
since 24 Jul 2025
Sudhanshu Asthana
0.1 years
since 1 Sep 2026
Benchmark as filedNIFTY Smallcap 250 - 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 3 Scheme Summary Documents filed with NSE, first on 11 Apr 2026; as on 31 Aug 2026

What does LIC MF Small Cap Fund hold?

57 holdings as of 30 Sep 2026; the ten largest are 28.7% of the fund, the largest Garware Hi-Tech Films Ltd. at 4.7%.

Mix

Holdings as of 30 Sep 2026
Equity94.1%Debt0.0%Cash5.8%Other0.0%
Holdings
57
55 shares
Top ten
28.7%
of the fund
Effective holdings
46.4
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
Garware Hi-Tech Films Ltd.4.72%
Manorama Industries Ltd.3.14%
Avalon Technologies Ltd.3.06%
INDO-MIM Ltd.3.04%
Allied Blenders And Distillers Ltd.2.90%

Five largest industries

% of fund
Industrial Products16.7%
Auto Components7.20%
Electrical Equipment6.70%
Pharmaceuticals & Biotechnology6.30%
Banks5.60%

By company size

% of equity · SEBI size lists
Large Cap1.5%Mid Cap9.1%Small Cap89.4%

How does LIC MF Small 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 Small 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 Smallcap 250: 88% of it differs from the index (an active fund is usually above 60%).
Active share 87.6%60%

Funds that hold much the same

% of holdings in common
LIC MF DIVIDEND YIELD FUND29.3% the same
18 shared holdings
LIC MF MANUFACTURING FUND26.6% the same
16 shared holdings
LIC MF MULTI CAP FUND25.3% the same
17 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 Small Cap Fund?

Dikshit Mittal (manager) since 24 Jul 2025; Sudhanshu Asthana (manager) since 1 Sep 2026.

What is the expense ratio of LIC MF Small Cap Fund?

1.27% a year on the direct plan and 2.60% on the regular plan (expense report, Oct 2026).

How has LIC MF Small Cap Fund done?

Its direct plan returned +17.03% a year over 3 years against +13.51% for its benchmark, Nifty Smallcap 250 TRI, as of 13 Oct 2026.

Inside the app

See LIC MF Small 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 Small 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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