Scheme

LIC MF Balanced Advantage Fund

Holds 47 companies worth ₹494 Cr in Sept 2026.

Fund house
LICThe fund house that runs this scheme.
AUM
₹653 CrLIC MF Balanced Advantage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.1% on Aug 2026, ₹696 Cr.
Largest holding
ICICI BankICICI Bank is 5.4% of this scheme's NAV.
Fund manager
Rahul SinghRuns it since 12 Nov 2021, as the fund house dates it. With Mahesh Bendre (fund manager).

Overview^{(7 Sept 2026)}

Fund managers2

Rahul SinghFund manager, debt · Nov 2021
Mahesh BendreFund manager, equity · Sept 2026

Manoj BajpaiJul 2026 – Sept 2026
Sudhanshu AsthanaApr 2026 – Jul 2026
Jaiprakash ToshniwalJun 2022 – Apr 2026
Yogesh PatilNov 2021 – Apr 2026

Key facts

Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index
Risk: Very High
Expense: Regular 2.34% · Direct 0.91%
Exit load: • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. • 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units • Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units
Started: 12 Nov 2021
Minimum: ₹5,000

Source.Its Scheme Summary Document as of 7 Sept 2026 at AMFI.

What changed^{(17 changes)}

Sept 2026

2 changes

Mahesh Bendre joined
6 Septas fund manager (equity)
Manoj Bajpai left
6 Septran it as fund manager (equity) from Jul 2026

Jul 2026

2 changes

Manoj Bajpai joined
5 Julas fund manager (equity)
Sudhanshu Asthana left
5 Julran it as fund manager (equity) from Apr 2026

Apr 2026

4 changes

Sudhanshu Asthana joined
11 Apras fund manager (equity)
Jaiprakash Toshniwal left
11 Aprran it as fund manager (equity) from Jun 2022
Yogesh Patil left
11 Aprran it as fund manager (equity) from Nov 2021
Expense ratio
7 AprRegular 2.41% → 2.34%Direct 1.24% → 0.91%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time^{(Nov 2021 – now)}

MainCoSlice20222023202420252026

Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs^{(Aug 2024 – Sept 2026)}

Every change to the expense ratio, newest first.
10 changes	Regular	Direct	Δ pt
7 Apr 2026	2.34%	0.91%	0.33
17 Mar 2026	2.41%	1.24%	0.03
28 Jan 2026	2.39%	1.21%	0.47
22 Jul 2025	2.26%	0.74%	0.02
12 Jun 2025	2.26%	0.76%	0.04
13 May 2025	2.31%	0.80%	0.01
15 Apr 2025	2.32%	0.81%	0.03
13 Nov 2024	2.29%	0.78%	0.01
21 Oct 2024	2.28%	0.77%	0.21
14 Aug 2024	2.21%	0.56%	–

Direct plan, 7 Apr 2026

0.91%

Regular plan 2.34% · Exit load • 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. • 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units • Nil, if redeemed or switched out after completion of 3 months from the date of allotment of units

Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk^{(7 Sept 2026)}

Objective

The investment objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer: Very High
At launch: Very High
Type: An Open Ended Dynamic Asset Allocation Fund
Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index

Asset allocation it may hold% of NAV

Equities and equity related instruments
Allowed0–100%Holds75.7%
Debt & Money Market Instruments (including Triparty Repo)
Allowed0–100%Holds24.3%

Holds in Sept 2026.75.7% equity · 24.3% debt and cash

How to invest^{(7 Sept 2026)}

Buying

To start: ₹5,000, then in multiples of ₹1
To add: ₹500, then in multiples of ₹1
Most: No Limit
Systematic: SIP Details - Daily, Weekly,Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
Dates: SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
Minimum: SIP Details - 100,150, 200, 1000 |SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 1 | SWP Details - 1 | STP Details - 1
Instalments: SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12
Most: SIP Details - No Limit | SWP Details - No Limit | STP Details - No Limit

Selling and switching

To redeem: ₹500 or 1 units
Minimum balance: ₹500 or 0.001 units
Switch minimum: Switch - in: Rs.5000 and multiples of Rs. 1/- thereafter. Switch-out :Rs. 500 and multiples of Rs. 1/- thereafter or 0.001 units
Switch multiples: ₹1 or No Limit units
Switch most: No Limit or No Limit units

Scheme details^{(7 Sept 2026)}

What it is

Category: Dynamic Assset Allocation/Balanced Advantage
Offer: 20 Oct 2021 to 3 Nov 2021
Started: 12 Nov 2021
Reopened: 15 Nov 2021
Plans: Regular Plan-IDCW Payout|Regular Plan-IDCW Reinv|Regular Plan-Growth|Direct Plan-IDCW Payout|Direct Plan-IDCW Reinv|Direct Plan-Growth
Face value: ₹10
Listed: No

How it is run

Swing pricing: No
Side-pocketing: Yes
Custodian: Standard Chartered Bank
Auditor: M/s. Deloite Haskins & Co LLP
Registrar: KFin Technologies Ltd
SEBI code: LICM/O/H/BAF/21/10/0025