Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Equity Savings Fund

Holds 58 companies worth ₹25.7 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹38.7 CrLIC MF Equity Savings Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 0.3% on Aug 2026, ₹38.8 Cr.

  • Largest holding

    CiplaCipla is 2.7% of this scheme's NAV.

  • Fund manager

    Pratik Harish ShroffRuns it since 26 Sept 2023, as the fund house dates it. With Siddharth Panjwani (fund manager).

Overview(1 Sept 2026)

Fund managers2

  1. Pratik Harish ShroffFund manager, equity · Sept 2023
  2. Siddharth PanjwaniFund manager, equity · Jul 2026
  1. Sumit BhatnagarOct 2023 – Jul 2026

Key facts

Benchmark
NIFTY Equity Savings Index
Risk
Moderate
Expense
Regular 3.31% · Direct 2.33%
Exit load
Nil
Started
7 Mar 2011
Minimum
₹5,000

Source.Its Scheme Summary Document as of 1 Sept 2026 at AMFI.

What changed(13 changes)

Jul 2026

2 changes
  1. Siddharth Panjwani joined
    5 Julas fund manager (equity)
  2. Sumit Bhatnagar left
    5 Julran it as fund manager (equity) from Oct 2023

Apr 2026

1 change
  1. Expense ratio
    7 AprRegular 2.36% → 3.31%Direct 1.34% → 2.33%

Feb 2026

1 change
  1. Riskometer
    10 FebModerately High → Moderate

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Sept 2023 – now)

  1. Pratik Harish Shroff
  2. Siddharth Panjwani
  3. Sumit Bhatnagar
MainCoSlice202420252026
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.
7 changesRegularDirectΔ pt
7 Apr 20263.31%2.33%0.99
28 Jan 20262.36%1.34%0.18
22 Jul 20252.33%1.16%0.15
15 Apr 20252.32%1.31%0.01
7 Jan 20252.35%1.32%0.29
21 Oct 20242.04%1.03%0.03
14 Aug 20242.00%1.00%–
Direct plan, 7 Apr 2026
2.33%
Regular plan 3.31% · Exit load nil
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(1 Sept 2026)

Objective

The investment objective of the Scheme is to generate regular income by investing in Debt and money market instruments and using arbitrage and other derivative strategies. The Scheme also intends to generate long capital appreciation through unhedged exposure to equity and equity related instruments. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Moderate
Type
An open-ended scheme investing in equity, arbitrage and debt
Benchmark
NIFTY Equity Savings Index
Benchmark 2
CRISIL 10 Year Gilt Index

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments out of which
    Allowed65–90%
  2. Cash future arbitrage opportunities*$
    Allowed25–75%
  3. Net Long Equity exposure
    Allowed15–40%
  4. Debt & Money market Instruments
    Allowed10–35%
  5. units issued by Infrastructure Investment Trusts (InvITs), Exchange Traded Commodity Derivatives (ETCDs) and mutual fund units including Gold ETFs, Silver ETFs
    Allowed0–25%

Holds in Sept 2026.66.3% equity · 33.7% debt and cash

How to invest(1 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, STP - Re.1; STP Details - 1
Instalments
"SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12 "
Most
No Limit

Selling and switching

To redeem
Rs 500 and in multiples of Re 1/- Thereafter or 10 units
Minimum balance
NIL or NIL units
Switch minimum
As per target scheme or 500 units
Switch multiples
₹1 or 1 units
Switch most
No Limit or No Limit units

Scheme details(1 Sept 2026)

What it is

Category
Equity Savings
Offer
14 Feb 2011 to 28 Feb 2011
Started
7 Mar 2011
Reopened
14 Mar 2011
Plans
Direct Plan - Growth-Growth · Regular Plan - Growth-Growth · Direct Plan - Monthly IDCW-Reinvestment · Direct Plan - Monthly IDCW-Payout · Direct Plan - Monthly IDCW-Transfer · Regular Plan - Monthly IDCW-Reinvestment · Regular Plan - Monthly IDCW-Payout · Regular Plan - Monthly IDCW-Transfer · Direct Plan - Quarterly IDCW-Reinvestment · Direct Plan - Quarterly IDCW-Payout · Direct Plan - Quarterly IDCW-Transfer · Regular Plan - Quarterly IDCW-Reinvestment · Regular Plan - Quarterly IDCW-Payout · Regular Plan - Quarterly IDCW-Transfer
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Co LLP
Registrar
KFin Technologies Ltd
SEBI code
LICM/O/H/ESF/10/11/0005