LIC MF Large Cap Fund
The portfolio maintains a heavily banking-centric large cap exposure with over a quarter of assets concentrated in financial stocks, positioning for continued banking sector strength despite a flat month. The manager's recent pivot toward defensive positioning is evident in raising cash to 6.8% and adding a put option hedge, signaling caution about near-term volatility while trimming high-beta holdings like aerospace and consumer discretionary names. This tactical shift suggests conviction in quality financials and infrastructure names, but tempered optimism about broader market momentum.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹59.3198 | -2.05% | — | — | — |
| Regular Growth | ₹51.7186 | -2.13% | -7.31% | +8.49% | +8.92% |
| Direct IDCW | ₹37.3541 | -2.05% | — | — | — |
| Regular IDCW | ₹31.2348 | -2.13% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive 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 |
|---|---|
| PUT NIFTY 26-May-2026 23500 | 0.15% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. INE090A01021 | 8.25% |
| 2 | HDFC Bank Ltd. INE040A01034 | 7.94% |
| 3 | Reliance Industries Ltd. INE002A01018 | 6.96% |
| 4 | Treps | 5.80% |
| 5 | Larsen & Toubro Ltd. INE018A01030 | 5.56% |
| 6 | Bharti Airtel Ltd. INE397D01024 | 4.49% |
| 7 | State Bank of India INE062A01020 | 3.56% |
| 8 | Axis Bank Ltd. INE238A01034 | 3.20% |
| 9 | Infosys Ltd. INE009A01021 | 2.87% |
| 10 | ITC Ltd. INE154A01025 | 2.72% |
| 11 | Sun Pharmaceutical Industries Ltd. INE044A01036 | 2.58% |
| 12 | Hindustan Unilever Ltd. INE030A01027 | 2.58% |
| 13 | Tata Motors Passenger Vehicles Ltd. INE155A01022 | 2.40% |
| 14 | SBI Life Insurance Company Ltd. INE123W01016 | 2.36% |
| 15 | Mahindra & Mahindra Ltd. INE101A01026 | 2.17% |
| 16 | Titan Company Ltd. INE280A01028 | 2.14% |
| 17 | Grasim Industries Ltd. INE047A01021 | 2.13% |
| 18 | InterGlobe Aviation Ltd. INE646L01027 | 1.98% |
| 19 | Eternal Ltd. INE758T01015 | 1.92% |
| 20 | Ultratech Cement Ltd. INE481G01011 | 1.72% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does LIC MF Large Cap Fund hold?
LIC MF Large Cap Fund holds 42 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 33.20% of NAV.
What is the largest holding in LIC MF Large Cap Fund?
The largest position in LIC MF Large Cap Fund is ICICI Bank Ltd., accounting for 8.25% of NAV in the Banks sector.
Is LIC MF Large Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.396, LIC MF Large Cap Fund is well-diversified. The HHI concentration index is 35,041 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 33.20% of the portfolio.
What is the market cap allocation of LIC MF Large Cap Fund?
Based on SEBI's AMFI classification, LIC MF Large Cap Fund's equity portfolio is split as: Large Cap: 83.51%, Mid Cap: 5.67%, Small Cap: 1.80%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does LIC MF Large Cap Fund invest in most?
LIC MF Large Cap Fund has the highest allocation to Banks (24.44%), Petroleum Products (6.96%), Automobiles (6.81%). The fund is invested across 26 sectors in total.
How actively managed is LIC MF Large Cap Fund compared to other Large Cap Fund funds?
LIC MF Large Cap Fund has an Active Share of 38.60%, classifying it as "Balanced Approach" among 33 Large Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in LIC MF Large Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, LIC MF Large Cap Fund added 1 new stock (including PUT NIFTY 26-May-2026 23500) and exited 7 stocks (including Bosch Ltd.). Total holding count decreased from 50 to 44 stocks.