Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Small Cap Fund

Holds 55 companies worth ₹792 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹841 CrLIC MF Small Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 1.2% on Aug 2026, ₹832 Cr.

  • Largest holding

    Garware Hi Tech Films LimitedGarware Hi Tech Films Limited is 4.7% of this scheme's NAV.

  • Fund manager

    Dikshit MittalRuns it since 24 Jul 2025, as the fund house dates it. With Sudhanshu Asthana (co-manager).

Overview(31 Aug 2026)

Fund managers2

  1. Dikshit MittalFund manager · Jul 2025
  2. Sudhanshu AsthanaCo-manager · Sept 2026
  1. Mahesh BendreJul 2024 – Jul 2026
  2. Yogesh PatilJul 2025 – Apr 2026
  3. Nikhil RungtaJul 2024 – Sept 2025

Key facts

Benchmark
NIFTY Smallcap 250 - TRI
Risk
Very High
Expense
Regular 3.02% · Direct 1.68%
Exit load
Nil
Started
21 Jun 2017
Minimum
₹5,000

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

What changed(13 changes)

Aug 2026

1 change
  1. Sudhanshu Asthana joined
    31 Augas co-manager

Jul 2026

1 change
  1. Mahesh Bendre left
    5 Julran it as fund manager from Jul 2024

Apr 2026

2 changes
  1. Yogesh Patil left
    11 Aprran it as co-manager from Jul 2025
  2. Expense ratio
    7 AprRegular 2.4% → 3.02%Direct 1.05% → 1.68%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jul 2024 – now)

  1. Dikshit Mittal
  2. Sudhanshu Asthana
  3. Mahesh Bendre
  4. Yogesh Patil
  5. Nikhil Rungta
MainCoSlice20252026
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.
8 changesRegularDirectΔ pt
7 Apr 20263.02%1.68%0.63
29 Jan 20262.40%1.05%0.03
15 Oct 20252.37%1.02%0
22 Jul 20252.38%1.02%0.07
13 May 20252.40%0.95%0.02
18 Dec 20242.42%0.97%0.42
21 Oct 20242.49%1.39%0.14
14 Aug 20242.50%1.53%–
Direct plan, 7 Apr 2026
1.68%
Regular plan 3.02% · 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 provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Small Cap Companies. There can be no assurance that the investment objective under the Scheme will be realized.

Risk, type and benchmark

Riskometer
Very High
At launch
Moderately High
Type
An open-ended equity scheme predominantly investing in small cap stocks
Benchmark
NIFTY Smallcap 250 - TRI
Benchmark 2
NIFTY 50 - TRI

Asset allocation it may hold

Instrument: - Equity & Equity related instruments of Small Cap Companies Indicative allocation (% to total Assets): Minimum: 65%Maximum: 100%; Instrument: -Equity and equity related instruments other than Smallcap companies, Money market instruments, other liquid instruments, INVITs and mutual fund units including Gold/ Silver ETFs: Minimum: 0%Maximum: 35%. Please refer the Scheme Information Document for complete details.

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 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(31 Aug 2026)

What it is

Category
Small Cap Fund
Offer
1 Jun 2017 to 15 Jun 2017
Started
21 Jun 2017
Reopened
29 Jun 2017
Plans
Direct Plan - IDCW-Payout · Direct Plan - IDCW-Reinvestment · Direct Plan - IDCW-Transfer · Regular Plan - IDCW-Payout · Regular Plan - IDCW-Reinvestment · Regular Plan - IDCW-Transfer · Direct Plan - Growth-Growth · Regular Plan - Growth-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/SCF/17/05/0017