LIC MF Technology Fund
Direct · GrowthAI Summary
LIC MF Technology Fund delivered a 1Y CAGR of 13.08% versus a flat NIFTY 50 (-0.27%), generating a strong 1Y alpha of 10.62%. However, over longer horizons alpha turns negative, with 15Y alpha of -1.79% and a 15Y CAGR of just 0.82%. SIP XIRR data is not available, so direct comparison to the category average SIP XIRR (17.42% over 5Y) cannot be made.
The fund exhibits a notably low beta of 0.60 with downside capture of only 52.41%, meaning it has historically fallen much less than the benchmark in down markets. Recent drawdown metrics are benign, with a maximum drawdown of just -0.07% lasting 33 days and zero drawdown events exceeding 10%. These favorable risk readings may reflect a recent calm period and should be interpreted cautiously given the limited return history shown.
The portfolio is concentrated in IT-Software (33.6%) and Telecom-Services (14.3%), with Bharti Airtel (9.04%) and Infosys (7.38%) as the top holdings. With only 30 stocks, the fund is reasonably focused, which is typical of a sectoral/thematic mandate. The inclusion of names like Eternal (Retailing) and MCX (Capital Markets) adds some diversification beyond pure technology, but overall exposure remains tightly tied to the tech theme.
Long-term point-to-point CAGRs of 1-4% across 3Y to 15Y windows suggest the fund has struggled to compound capital meaningfully over extended periods, with negative alpha beyond 5Y. The strong 2026 return of 13.13% and 13.08% 1Y CAGR indicate recent performance has improved markedly. Consistency over long horizons is a weakness relative to the sectoral/thematic category, though like-for-like SIP XIRR comparisons are unavailable.
This fund suits high-risk-tolerance investors making tactical satellite allocations to the technology theme, not core portfolio holdings. Sectoral/thematic funds are inherently volatile and require a horizon of at least 5-7 years to ride out sector cycles, and the weak long-term CAGR record reinforces the need for caution. Investors should cap exposure to a small share of their equity allocation and monitor performance against peers actively.
- Strong recent performance with 13.08% 1Y CAGR and 10.62% 1Y alpha versus the NIFTY 50
- Low downside capture of 52.41% and low beta of 0.60 relative to the benchmark
- Diversification into telecom, retailing, and capital markets names beyond pure IT-Software
- Negative alpha across all periods beyond 5Y, with 15Y CAGR of only 0.82% versus benchmark -0.02%
- Heavy concentration in IT-Software at 33.6% of NAV exposes investors to sector-specific cycles
Generated on 05-11-2026, 3:02 AM. Verify before investing.
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.
Not enough data to compute SIP returns.
Not enough data to compute rolling returns.
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +8.49 | 0.56 | 70.3% | 52.4% | 16.0% | 8.3% |
| 3 Years | +0.70 | 0.56 | 70.3% | 52.4% | 5.1% | 2.7% |
| 5 Years | -0.75 | 0.56 | 70.3% | 52.4% | 3.0% | 1.6% |
| 7 Years | -1.36 | 0.56 | 70.3% | 52.4% | 2.1% | 1.1% |
| 10 Years | -1.82 | 0.56 | 70.3% | 52.4% | 1.5% | 0.8% |
| 12 Years | -2.00 | 0.56 | 70.3% | 52.4% | 1.2% | 0.7% |
| 15 Years | -2.17 | 0.56 | 70.3% | 52.4% | 1.0% | 0.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Ltd. | 9.04% |
| 2 | Infosys Ltd. | 7.38% |
| 3 | Persistent Systems Ltd. | 6.48% |
| 4 | Eternal Ltd. | 5.51% |
| 5 | Tech Mahindra Ltd. | 5.10% |
| 6 | Tata Consultancy Services Ltd. | 4.79% |
| 7 | Rategain Travel Technologies Ltd. | 3.98% |
| 8 | Multi Commodity Exchange Of India Ltd. | 3.63% |
| 9 | Tata Communications Ltd. | 3.63% |
| 10 | Coforge Ltd. | 3.01% |