Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Focused Fund

Holds 28 companies worth ₹157 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹171 CrLIC MF Focused Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.3% on Aug 2026, ₹175 Cr.

  • Largest holding

    Indo MIM LimitedIndo MIM Limited is 7.5% of this scheme's NAV.

  • Fund manager

    Mahesh BendreRuns it since 1 Apr 2026, as the fund house dates it.

Overview(31 Aug 2026)

Fund managers1

  1. Mahesh BendreFund manager · Apr 2026
  1. Jaiprakash ToshniwalJul 2023 – Apr 2026
  2. Sumit BhatnagarJul 2024 – Apr 2026

Key facts

Benchmark
NIFTY 500 - TRI
Risk
Very High
Expense
Regular 2.46% · Direct 1.28%
Exit load
Nil
Started
17 Nov 2017
Minimum
₹5,000

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(8 changes)

Apr 2026

4 changes
  1. Mahesh Bendre joined
    11 Apras fund manager
  2. Jaiprakash Toshniwal left
    11 Aprran it as fund manager from Jul 2023
  3. Sumit Bhatnagar left
    11 Aprran it as fund manager from Jul 2024
  4. Expense ratio
    7 AprRegular 2.35% → 2.46%Direct 0.54% → 1.28%

Mar 2026

1 change
  1. Expense ratio
    2 MarRegular 2.45% → 2.35%Direct 1.17% → 0.54%

Jan 2026

1 change
  1. Expense ratio
    29 JanRegular 2.52% → 2.45%Direct 1.58% → 1.17%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jul 2023 – now)

  1. Mahesh Bendre
  2. Jaiprakash Toshniwal
  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 – Aug 2026)

Every change to the expense ratio, newest first.
6 changesRegularDirectΔ pt
7 Apr 20262.46%1.28%0.74
2 Mar 20262.35%0.54%0.63
29 Jan 20262.45%1.17%0.41
22 Jul 20252.52%1.58%0.03
7 Jan 20252.52%1.61%0.05
14 Aug 20242.51%1.56%–
Direct plan, 7 Apr 2026
1.28%
Regular plan 2.46% · 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(31 Aug 2026)

Objective

The investment objective of the Scheme is to generate long term capital appreciation by investing in a concentrated portfolio of equity and equity related instruments of up to 30 companies across market capitalisation. The Scheme may also invest in debt and money market Securities in line with the asset allocation pattern. There is no assurance or guarantee that the objective of the Scheme would be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Moderately High
Type
An open-ended equity scheme investing in maximum 30 stocks across market capitalization (i.e. Multi Cap).
Benchmark
NIFTY 500 - TRI
Benchmark 2
NIFTY 50 - TRI

Asset allocation it may hold% of NAV

  1. Equity and Equity related instruments ( which are not exceeding 30 companies)
    Allowed80–100%Holds91.4%
  2. Money market instruments, other liquid instruments, INVITs and mutual fund units including Gold/ Silver ETFs
    Allowed0–20%

Holds in Sept 2026.91.4% equity · 8.6% debt and cash

How to invest(31 Aug 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
No Limit

Selling and switching

To redeem
Rs. 500/- and in multiples of Rs.1/- thereafter (except demat units). or 1 units
Minimum balance
NIL or NIL units
Switch minimum
As per target scheme or 0.001 units
Switch multiples
₹1 or No Limit units
Switch most
No Limit or No Limit units

Scheme details(31 Aug 2026)

What it is

Category
Focused Fund
Offer
30 Oct 2017 to 13 Nov 2017
Started
17 Nov 2017
Reopened
24 Nov 2017
Plans
Direct Plan-IDCW-Payout Direct Plan-IDCW-Reinvestment Regular Plan-IDCW-Payout Regular Plan-IDCW-Reinvestment Direct Plan-Growth Regular Plan-Growth
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/E/FOC/17/09/0018