LIC MF Balanced Advantage Fund
LIC Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹14.0302 | — | — | — | — | — | — |
| Regular Growth | ₹13.0319 | -0.32% | -3.76% | -5.34% | -4.15% | +6.71% | — |
| Direct IDCW | ₹12.0448 | — | — | — | — | — | — |
| Regular IDCW | ₹11.3060 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
83
Top 5 Weight
28.67%
Top 10 Weight
42.73%
Active Share
—
Large Cap
51.28%
Gini
0.538
What Changed2026-03-31 → 2026-04-30
Holdings: 85 → 85+2 added−2 removed19 weight shifts ≥ 0.1%
| 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
Banks19.9%
CRISIL AAA9.7%
SOVEREIGN7.6%
IT - Software7.3%
Finance5.7%
Petroleum Products4.7%
Pharmaceuticals & Biotechnology4.1%
Construction3.9%
Industrial Products3.6%
Power3.1%
Top 10 sectors by % to NAV. Excludes derivatives.