Markets / Mutual funds / Small Cap
LIC Mutual Fund · Equity fund · Direct plan · IDCW
The Investment objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small Cap Companies. There can be no assurance that the investment objective under the Scheme will be realized.
Bars: this plan; the thin mark is the Small Cap average (direct plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +2.0 | |||||||||||
| 2025 | -10.5 | -16.2 | +8.7 | +1.3 | +5.9 | +2.8 | +1.3 | -4.5 | +2.3 | +2.2 | -3.3 | -0.5 |
| 2026 | -5.4 | +2.2 | -8.6 | +18.2 | +4.1 | +5.5 | -0.4 | +7.0 | -2.0 | -6.5 | +4.8 |
Each month's change in NAV (the current month to the latest NAV).
Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.
| Share of fund | 31 Oct 2026 | 30 Sept 2026 | Change |
|---|---|---|---|
| Stocks held | 92.1% | 94.1% | -2.00 |
| Short positions | 0.0% | -0.2% | +0.20 |
| Cash & others | 7.9% | 5.9% | +2.00 |
| Top 10 stocks | 32.0% | 28.7% | +3.35 |
| Number of stocks | 48 | 55 | -7 |
Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.
| Holding | % of fund |
|---|---|
| Garware Hi-Tech Films Ltd. INE291A01017 | 4.91% |
| Neuland Laboratories Ltd. INE794A01010 | 3.28% |
| Manorama Industries Ltd. INE00VM01036 | 3.18% |
| Navin Fluorine International Ltd. INE048G01026 | 3.16% |
| Cohance Lifesciences Ltd. INE03QK01018 | 3.01% |
| INDO-MIM Ltd. INE084101034 | 3.00% |
| Allied Blenders And Distillers Ltd. INE552Z01027 | 2.94% |
| Cartrade Tech Ltd. INE290S01011 | 2.88% |
| Avalon Technologies Ltd. INE0LCL01028 | 2.85% |
| City Union Bank Ltd. INE491A01021 | 2.83% |
| Piramal Pharma Ltd. INE0DK501011 | 2.58% |
| Ather Energy Ltd. INE0LEZ01016 | 2.50% |
| Leela Palaces Hotels & Resorts Ltd. INE0AQ201015 | 2.36% |
| Ujjivan Small Finance Bank Ltd. INE551W01018 | 2.17% |
| S.J.S. Enterprises Ltd. INE284S01014 | 2.15% |
| Lumax Auto Technologies Ltd. INE872H01027 | 2.15% |
| Brigade Enterprises Ltd. INE791I01019 | 2.04% |
| Pricol Ltd. INE726V01018 | 2.02% |
| Multi Commodity Exchange Of India Ltd. INE745G01043 | 1.93% |
| Arvind Ltd. INE034A01011 | 1.92% |
| Dr Agarwal's Health Care Ltd. INE943P01029 | 1.90% |
| Kennametal India Ltd. INE717A01029 | 1.89% |
| Delhivery Ltd. INE148O01028 | 1.87% |
| KSH International Ltd. INE987S01020 | 1.81% |
| One 97 Communications Ltd. INE982J01020 | 1.76% |
| Kirloskar Oil Engines Ltd. INE146L01010 | 1.76% |
| SML Mahindra Ltd. INE294B01019 | 1.74% |
| Rainbow Children's Medicare Ltd. INE961O01016 | 1.70% |
| BEML Ltd. INE258A01024 | 1.68% |
| DCB Bank Ltd. INE503A01015 | 1.63% |
| Schneider Electric Infrastructure Ltd. INE839M01018 | 1.62% |
| Elecon Engineering Company Ltd. INE205B01031 | 1.50% |
| Ratnamani Metals & Tubes Ltd. INE703B01027 | 1.50% |
| Transport Corporation Of India Ltd. INE688A01022 | 1.48% |
| Ingersoll Rand (India) Ltd. INE177A01018 | 1.44% |
| Aavas Financiers Ltd. INE216P01012 | 1.41% |
| Cholamandalam Financial Holdings Ltd. INE149A01033 | 1.32% |
| Onesource Specialty Pharma Ltd. INE013P01021 | 1.25% |
| Aditya Birla Sun Life AMC Ltd. INE404A01024 | 1.23% |
| Vidya Wires Ltd. INE14UN01029 | 1.15% |
| ZF Commercial Vehicle Ctrl Sys Ind Ltd. INE342J01019 | 1.14% |
| SKF India (Industrial) Ltd. INE2J8701016 | 1.09% |
| Affle 3i Ltd. INE00WC01027 | 1.03% |
| Foseco India Ltd. INE519A01011 | 1.02% |
| Techno Electric & Engineering Co. Ltd. INE285K01026 | 0.90% |
| SP Apparels Ltd. INE212I01016 | 0.78% |
| Vinati Organics Ltd. INE410B01037 | 0.38% |
| Gillette India Ltd. INE322A01010 | 0.30% |
| Holding | % of fund |
|---|---|
| Treps | 7.52% |
| Net Receivables / (Payables) | 0.33% |
From the fund house's monthly portfolio (licmf.com), as on 31 Oct 2026. Percentages are of the fund's net assets. Published about ten days after each month ends.
Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 Jul 2023).
| Fund size (average AUM, July - September 2026) | ₹797 cr across all plans · this plan ₹3.32 cr |
| Fund house | LIC Mutual Fund |
| Category | Equity · Small Cap |
| Plan | Direct |
| Option | IDCW |
| Expense ratio (TER) | Direct 1.30% · Regular 2.63% (5 Nov 2026) |
| 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. |
| Minimum investment | ₹5,000 · additional ₹500 |
| Scheme code (AMFI) | 152005 |
| ISIN | INF397L01JP7 |
| NAV date | 5 Nov 2026 |
Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.
| Plan | NAV | 1 year |
|---|---|---|
| Direct · Growth | ₹38.9327 | +13.05% |
| Regular · Growth | ₹34.1763 | +11.53% |
| Regular · IDCW | ₹34.1759 | +11.53% |
| Fund | 1 year | 3 years (a year) |
|---|---|---|
| BANDHAN Small Cap Fund | +5.95% | +22.96% |
| ITI Small Cap Fund | +15.33% | +22.62% |
| Invesco India Small Cap Fund | +13.80% | +21.48% |
| Mahindra Manulife Small Cap Fund | +13.28% | +18.82% |
| Quant Small Cap Fund | +9.82% | +17.42% |
| LIC MF Small Cap Fund | +13.05% | +17.42% |
| DSP Small Cap Fund | +13.20% | +17.02% |
| Union Small Cap Fund | +16.70% | +15.35% |
Information only, not investment advice.
₹38.9241 as of 5 Nov 2026, from AMFI's official NAV data.
1 year: 13.04%, 3 years: 17.42% a year
Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.