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Value · Equity

LIC MF Value Fund

LIC Mutual Fund Asset Management Limited
Benchmark
Nifty 500 TRI
Riskometer
Very High
Size
₹351 cr
Allotted
20 Aug 2018
Holdings as of
30 Sep 2026

LIC MF Value Fund is a value fund of LIC Mutual Fund Asset Management Limited with ₹351 cr under management. It is ahead of its benchmark (Nifty 500 TRI) in 3 of 3 periods. Its direct plan charges 1.78% a year. Mahesh Bendre has managed it for 2.3 years.

Has LIC MF Value Fund beaten its benchmark?

Ahead of its benchmark, Nifty 500 TRI, in 3 of 3 periods in AMFI's figures; +18.76% over the last year against −4.06%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−0.88% −1.30% —
3 months+0.75% −4.28% —
6 months+10.27% −1.46% —
1 year+16.99% −4.25% +21.24 pts
3 years+16.26% +9.50% +6.76 pts
5 years— +8.14% —
10 years— +12.76% —
Since start
from 31 Jul 2023
+16.29%——
Valarth price history to 15 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 14 Oct 2026
Ahead of its benchmark (Nifty 500 TRI) in 3 of 3 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +18.76%+17.23%−4.06% +22.82 🔒
3y +16.54%+15.20%+9.24% +7.30 🔒
5y +12.01%+10.87%+8.00% +4.01 🔒
10y ——— — —
Ahead in points a year · its rank among Value funds, and how steady the lead is, in the app

Value of 100, month-end

Jul 2023 to 15 Oct 2026
50100150200 2025
Fund 162Nifty 500 TRI 134

₹100 put in at the start of Jul 2023 would be ₹162 on 15 Oct 2026, against ₹134 in the Nifty 500 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 Value Fund cost?

1.78% a year on the direct plan, 3.22% on the regular plan; 23 of 24 funds in its category charge less.

Direct plan
1.78% a year
Category median 1.23%
Regular plan
3.22% a year
Category median 2.29%
Gap
1.44 points
for the same holdings
23 of 24 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Equity Scheme - Value 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 Value Fund?

Mahesh Bendre, since 1 Jul 2024.

Mahesh Bendre
Fund Manager
2.3 years
since 1 Jul 2024
Benchmark as filedNIFTY 500 - 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 5 Scheme Summary Documents filed with NSE, first on 22 Feb 2026; as on 31 Aug 2026

What does LIC MF Value Fund hold?

52 holdings as of 30 Sep 2026; the ten largest are 38.8% of the fund, the largest INDO-MIM Ltd. at 7.7%.

Mix

Holdings as of 30 Sep 2026
Equity97.0%Debt0.0%Cash3.0%Other0.0%
Holdings
52
50 shares
Top ten
38.8%
of the fund
Effective holdings
34.2
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
INDO-MIM Ltd.7.68%
Tata Motors Passenger Vehicles Ltd.5.03%
Kirloskar Brothers Ltd.3.60%
HDFC Bank Ltd.3.51%
NSE India Ltd.3.36%

Five largest industries

% of fund
Auto Components13.8%
Banks10.6%
Industrial Products9.40%
Automobiles8.40%
Industrial Manufacturing8.40%

By company size

% of equity · SEBI size lists
Large Cap37.3%Mid Cap18.8%Small Cap43.9%

How does LIC MF Value 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 Value 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 500: 83% of it differs from the index (an active fund is usually above 60%).
Active share 83.3%60%

Funds that hold much the same

% of holdings in common
LIC MF FOCUSED FUND56.8% the same
24 shared holdings
LIC MF MANUFACTURING FUND56.4% the same
26 shared holdings
LIC MF INFRASTRUCTURE FUND54.2% the same
30 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 Value Fund?

Mahesh Bendre (Fund Manager) since 1 Jul 2024.

What is the expense ratio of LIC MF Value Fund?

1.78% a year on the direct plan and 3.22% on the regular plan (expense report, Oct 2026).

How has LIC MF Value Fund done?

Its direct plan returned +16.54% a year over 3 years against +9.24% for its benchmark, Nifty 500 TRI, as of 14 Oct 2026.

Inside the app

See LIC MF Value Fund beside your own funds in Valarth

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Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
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ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
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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.
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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 Value 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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