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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹58.7699 | -1.20% | — | — | — | — | — |
| Regular Growth | ₹51.2407 | -1.29% | -8.24% | -10.50% | -6.73% | +8.17% | +8.72% |
| Direct IDCW | ₹37.0079 | -1.20% | — | — | — | — | — |
| Regular IDCW | ₹30.9462 | -1.29% | — | — | — | — | — |
Portfolio Metrics(latest month)
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.