LIC MF Balanced Advantage Fund
The fund has shifted aggressively toward equity (75.6%), signaling confidence in market strength while maintaining a defensive cash buffer. Banking sector dominance (nearly 20%) alongside sovereign debt reflects a "growth with safety" positioning, but the concentrated top-ten holdings (47.6%) indicate the manager is making selective bets rather than diversifying broadly. Recent swaps—adding railway finance and dropping non-bank financials—suggest a tactical pivot toward infrastructure-backed stability over consumer finance volatility.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹14.1156 | — | — | — | — |
| Regular Growth | ₹13.1107 | -1.05% | -4.70% | +6.89% | — |
| Direct IDCW | ₹12.1181 | — | — | — | — |
| Regular IDCW | ₹11.3744 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| 7.45% Bharti Telecom Ltd. ** | 1.49% |
| 7.55% Indian Railway Finance Corporation Ltd. ** | 0.76% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 7.68% |
| 2 | 7.43% Jamnagar Utilities & Power Pvt. Ltd. ** INE936D07190 | 7.43% |
| 3 | Treps | 6.90% |
| 4 | Reliance Industries Ltd. INE002A01018 | 4.72% |
| 5 | ICICI Bank Ltd. INE090A01021 | 4.53% |
| 6 | State Bank of India INE062A01020 | 4.31% |
| 7 | 7.18% Government of India IN0020230077 | 3.75% |
| 8 | Tata Consultancy Services Ltd. INE467B01029 | 3.49% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 2.52% |
| 10 | 7.26% Government of India IN0020220060 | 2.26% |
| 11 | Infosys Ltd. INE009A01021 | 2.04% |
| 12 | Power Finance Corporation Ltd. INE134E01011 | 1.69% |
| 13 | Kotak Mahindra Bank Ltd. INE237A01036 | 1.63% |
| 14 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 1.56% |
| 15 | Tata Steel Ltd. INE081A01020 | 1.56% |
| 16 | 7.54% Government of India IN0020220029 | 1.56% |
| 17 | Axis Bank Ltd. INE238A01034 | 1.51% |
| 18 | Garware Hi-Tech Films Ltd. INE291A01017 | 1.51% |
| 19 | 7.45% Bharti Telecom Ltd. ** INE403D08280 | 1.49% |
| 20 | Tata Power Company Ltd. INE245A01021 | 1.46% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does LIC MF Balanced Advantage Fund hold?
LIC MF Balanced Advantage Fund holds 83 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 28.67% of NAV.
What is the largest holding in LIC MF Balanced Advantage Fund?
The largest position in LIC MF Balanced Advantage Fund is HDFC Bank Ltd., accounting for 7.68% of NAV in the Banks sector.
Is LIC MF Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.538, LIC MF Balanced Advantage Fund is moderately concentrated. The HHI concentration index is 26,859 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 28.67% of the portfolio.
What is the market cap allocation of LIC MF Balanced Advantage Fund?
Based on SEBI's AMFI classification, LIC MF Balanced Advantage Fund's equity portfolio is split as: Large Cap: 51.28%, Mid Cap: 9.79%, Small Cap: 12.93%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does LIC MF Balanced Advantage Fund invest in most?
LIC MF Balanced Advantage Fund has the highest allocation to Banks (19.91%), CRISIL AAA (9.68%), SOVEREIGN (7.57%). The fund is invested across 34 sectors in total.
How actively managed is LIC MF Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
LIC MF Balanced Advantage Fund has an Active Share of 59.47%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in LIC MF Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, LIC MF Balanced Advantage Fund added 2 new stocks (including 7.45% Bharti Telecom Ltd. **) and exited 2 stocks (including 7.5% Godrej Finance Ltd. **). Total holding count remained at 85 stocks.