LIC MF Focused Fund
Direct · GrowthAI Summary
LIC MF Focused Fund has delivered XIRR of 13.03% (1Y), 15.66% (3Y), 14.45% (5Y), and 13.69% (7Y), which are below the category average SIP XIRR across all periods (e.g., 3Y category average is 16.40%). The fund has outperformed the NIFTY 50 benchmark on a CAGR basis over 1Y (8.25% vs -2.9%), 3Y (11.48% vs 7.75%), 5Y (10.5% vs 7.83%), and 7Y (14.61% vs 11.81%), with positive alpha in all periods. However, the fund's 1Y XIRR of 13.03% is significantly lower than the category average of 17.03%, indicating recent underperformance relative to peers.
The fund exhibits moderate volatility with a beta of 0.94-0.97 against the NIFTY 50, indicating slightly lower market sensitivity. Maximum drawdown is -35.37% with a recovery period of 227 days, and there have been 4 drawdown events exceeding 10%, reflecting meaningful downside risk. The Calmar ratio ranges from 0.35 to 0.42 across durations, suggesting moderate risk-adjusted returns, but the fund's downside capture (85-94%) is lower than its upside capture (92-100%), indicating it loses less in down markets but also captures less upside in up markets.
The fund holds 27 stocks with a top-10 concentration of 42.26% of NAV, led by Tata Motors Passenger Vehicles (6.76%), Oracle Financial Services (4.41%), and Tata Motors (4.15%). Sector concentration is moderate, with Banks (10.5%), Auto Components (9.4%), and Automobiles (9.1%) as the top sectors, totaling 26% in auto-related sectors. The portfolio is diversified across 5 sectors in the top 5, but the high weight in autos and banks may create sector-specific risks.
The fund consistently underperforms the category average SIP XIRR across all time horizons (1Y to 7Y), with the gap widening in the 1Y period (13.03% vs 17.03%). Despite this, the fund has delivered positive returns in most calendar years, with notable gains in 2021 (27.91%) and 2023 (18.89%), but also a negative year in 2018 (-2.47%). The fund's alpha over the benchmark is positive but modest (0.43% to 10.88% depending on period), indicating it adds value relative to the index but not enough to match category peers.
This fund is suitable for investors with a long-term horizon (5-7 years) who can tolerate moderate drawdowns (up to 35%) and are seeking a focused equity fund with a slightly lower beta than the market. It may appeal to those who prefer a fund with a track record of outperforming the NIFTY 50 but are willing to accept below-category-average returns. Investors with a lower risk tolerance or seeking top-quartile performance may want to consider other focused funds with better category positioning.
- Consistent positive alpha over the NIFTY 50 across all time horizons (1Y to 15Y), with alpha ranging from 0.43% to 10.88%.
- Lower downside capture (85-94%) compared to upside capture (92-100%), indicating better protection in falling markets.
- Low expense ratio of 0.54% (Direct plan), which is competitive and enhances net returns for investors.
- Underperformance relative to category average SIP XIRR across all periods, with a significant 4% gap in the 1Y return (13.03% vs 17.03%).
- High concentration in auto-related sectors (26% combined in Automobiles and Auto Components) and top-10 holdings (42% of NAV), which increases sector-specific and stock-specific risk.
Generated on 30-08-2026, 2:57 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.56 L | 13.0% | -55.0% | 78.0% |
| 3 Years | ₹36.00 L | ₹44.58 L | 15.7% | -2.1% | 33.7% |
| 5 Years | ₹60.00 L | ₹86.01 L | 14.4% | 4.1% | 23.7% |
| 7 Years | ₹84.00 L | ₹1.36 Cr | 13.7% | 8.6% | 19.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 13.0% | 14.4% | 17.0% | -1.4% |
| 3 Years | 15.7% | 11.1% | 16.4% | +4.5% |
| 5 Years | 14.4% | 10.4% | 15.3% | +4.0% |
| 7 Years | 13.7% | 10.6% | 15.2% | +3.1% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 12.5% | 8.8% | -29.9% | 85.9% | 0.36 | 0.94 | 78% | — | — |
| 3 Years | 14.8% | 14.9% | 5.4% | 31.1% | 1.94 | 169.18 | 100% | — | — |
| 5 Years | 14.6% | 14.5% | 9.1% | 24.5% | 2.27 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +10.88 | 0.97 | 99.8% | 85.3% | 8.3% | -2.9% |
| 3 Years | +3.79 | 0.96 | 99.3% | 93.7% | 11.5% | 7.8% |
| 5 Years | +2.73 | 0.96 | 97.3% | 93.4% | 10.5% | 7.8% |
| 7 Years | +3.11 | 0.94 | 95.2% | 91.5% | 14.6% | 11.8% |
| 10 Years | +0.92 | 0.93 | 92.1% | 90.1% | 9.5% | 8.8% |
| 12 Years | +0.67 | 0.93 | 92.1% | 90.1% | 7.9% | 7.3% |
| 15 Years | +0.43 | 0.93 | 92.1% | 90.1% | 6.3% | 5.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Tata Motors Passenger Vehicles Ltd. | 6.76% |
| 2 | Oracle Financial Services Software Ltd. | 4.41% |
| 3 | Tata Motors Ltd. | 4.15% |
| 4 | State Bank of India | 3.97% |
| 5 | ICICI Bank Ltd. | 3.95% |
| 6 | InterGlobe Aviation Ltd. | 3.94% |
| 7 | Mahindra & Mahindra Financial Serv Ltd. | 3.90% |
| 8 | NTPC Ltd. | 3.74% |
| 9 | Garware Hi-Tech Films Ltd. | 3.73% |
| 10 | Schneider Electric Infrastructure Ltd. | 3.71% |