LIC MF Healthcare Fund

Direct · Growth

AI Summary

Performance

LIC MF Healthcare Fund has delivered strong SIP returns, with XIRR of 17.2% (1Y), 16.67% (3Y), 18.76% (5Y), and 16.79% (7Y), consistently beating the category average SIP XIRR of 10.6%, 16.2%, 17.44%, and 16.6% respectively. Against the NIFTY 50, the fund shows substantial alpha across horizons, including 14.66% over 3Y and 10.34% over 7Y, while its lump-sum CAGR of 21.14% (3Y) far exceeds the benchmark's 6.46%. The fund has demonstrated genuine outperformance rather than benchmark-hugging, with low beta of roughly 0.53-0.59.

Risk

The fund exhibits low beta (0.53-0.59) and a favorable downside capture ratio of 45-53%, meaning it has historically lost less than half as much as the NIFTY 50 in down markets, while upside capture of 59-72% still generated strong alpha. However, it has experienced 4 drawdown events exceeding 10%, with a maximum drawdown duration of 545 days and a recovery period of 239 days, indicating prolonged recovery phases typical of sector funds. Calmar ratios between 0.80 and 0.98 across 1Y to 7Y windows suggest reasonable risk-adjusted returns for a thematic offering.

Portfolio

The portfolio is highly concentrated, with Pharmaceuticals & Biotechnology at 62.7% and Healthcare Services at 30.1%, leaving only 5.7% in Chemicals & Petrochemicals across just 23 total holdings. Sun Pharma (10.09%) and Divi's Laboratories (9.29%) are the largest positions, and the top 10 holdings account for roughly 62.8% of NAV. This focused approach amplifies both sector-specific upside and downside risk, as seen in calendar year swings from +60.43% (2020) to -11.44% (2022).

Category Positioning

The fund outperforms the category average SIP XIRR across all comparable horizons, most notably in the 1Y window where its 17.2% XIRR is well above the 10.6% category average. Its 5Y XIRR of 18.76% and 7Y XIRR of 16.79% also edge out category averages of 17.44% and 16.6%, indicating sustained relative strength. A competitive expense ratio of 0.64% for a sector fund further supports its positioning among healthcare-themed peers.

Investor Suitability

This fund is suitable for investors with high risk tolerance who want targeted exposure to the healthcare and pharmaceutical sector as a satellite holding, not a core portfolio allocation. A time horizon of at least 5-7 years is advisable, given the 545-day maximum drawdown duration and the sector's cyclical calendar-year performance. Investors should be comfortable with periods of significant underperformance, such as the -11.44% return in 2022 and -3.44% in 2025.

  • Consistent alpha over NIFTY 50 across all measured horizons, including 14.66% over 3Y and 10.34% over 7Y
  • Low downside capture of 45-53% with beta around 0.53-0.59, cushioning losses in weak markets
  • SIP XIRR above category averages at every horizon, with a low 0.64% expense ratio

  • Extreme sector concentration, with 92.8% of the portfolio in just pharmaceuticals and healthcare services
  • Long drawdown recovery cycles, including a 545-day maximum drawdown duration and 239-day recovery, with 4 drawdown events exceeding 10%

Generated on 30-10-2026, 2:15 AM. Verify before investing.

₹37.21
04 Nov 2026
NAV
17.7%
3Y CAGR
18.1%
5Y CAGR
18.9%
Weighted CAGR
?
2.33
Sharpe
-22.2%
Max Drawdown
?
0.64%
TER

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 ₹13.07 L 22.8% -29.6% 90.5%
3 Years ₹36.00 L ₹45.78 L 16.5% -3.5% 36.0%
5 Years ₹60.00 L ₹93.32 L 18.8% 11.1% 25.9%
7 Years ₹84.00 L ₹1.50 Cr 16.8% 13.9% 19.1%

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 22.8% 14.3% 10.5% +8.5%
3 Years 16.5% 11.0% 16.2% +5.4%
5 Years 18.8% 10.4% 17.4% +8.4%
7 Years 16.8% 10.6% 16.6% +6.2%

Duration Mean Median Min Max Sharpe Sortino % Positive Cat. Mean Cat. Median
1 Year 21.7% 16.6% -16.3% 75.2% 0.67 2.23 80% — —
3 Years 17.7% 19.2% 7.4% 27.1% 2.32 — 100% — —
5 Years 18.1% 18.5% 11.1% 27.2% 2.33 — 100% — —

-22.2%
Max Drawdown
18 mo
Drawdown Duration
8 mo
Recovery Time
-5.4%
Avg Drawdown

Calmar Ratio by Duration

0.98
1Y
0.80
3Y
0.81
5Y
0.88
7Y

Compared against NIFTY 50

Duration Alpha Beta Upside Capture Downside Capture Fund CAGR Bench CAGR
1 Year +13.76 0.53 61.2% 39.8% 11.0% -10.9%
3 Years +16.01 0.59 71.5% 48.6% 22.4% 6.4%
5 Years +7.14 0.59 64.7% 52.5% 12.8% 5.2%
7 Years +11.14 0.53 60.2% 45.6% 19.5% 10.0%
10 Years +6.71 0.52 58.7% 45.1% 13.8% 7.5%
12 Years +4.97 0.52 58.7% 45.1% 11.3% 6.2%
15 Years +3.28 0.52 58.7% 45.1% 9.0% 5.0%

24
Total Holdings
60.2%
Top 10 Weight
3
Sectors
# Stock % of NAV
1 Sun Pharmaceutical Industries Ltd. 9.59%
2 Divi's Laboratories Ltd. 9.07%
3 Neuland Laboratories Ltd. 6.14%
4 Torrent Pharmaceuticals Ltd. 6.04%
5 Apollo Hospitals Enterprise Ltd. 5.75%
6 Aurobindo Pharma Ltd. 5.23%
7 Navin Fluorine International Ltd. 4.98%
8 Zydus Lifesciences Ltd. 4.97%
9 Aster DM Quality Care Ltd. 4.61%
10 Fortis Healthcare Ltd. 3.77%