LIC MF Small Cap Fund
LIC Small Cap is positioning for industrial cyclicality and manufacturing resilience, with a pronounced tilt toward industrial products and auto-adjacent sectors that should benefit from infrastructure spending. The portfolio remains concentrated yet diversified across 62 holdings, with the manager actively pruning underperformers while adding defensive picks like Metropolis and City Union Bank, signaling a tactical shift toward stability within the small-cap space. The reduction in Treps alongside gains in Garware suggests conviction in specialty materials over financial services at present.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹35.1949 | — | — | — | — |
| Regular Growth | ₹31.0939 | +4.11% | +6.22% | — | — |
| Direct IDCW | ₹35.1876 | — | — | — | — |
| Regular IDCW | ₹31.0935 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| Motherson Sumi Wiring India Ltd. | 1.93% |
| One 97 Communications Ltd. | 1.44% |
| City Union Bank Ltd. | 1.02% |
| Ratnamani Metals & Tubes Ltd. | 1.01% |
| Metropolis Healthcare Ltd. | 0.60% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Treps | 4.34% |
| 2 | Garware Hi-Tech Films Ltd. INE291A01017 | 3.62% |
| 3 | Navin Fluorine International Ltd. INE048G01026 | 3.03% |
| 4 | Manorama Industries Ltd. INE00VM01036 | 2.75% |
| 5 | Avalon Technologies Ltd. INE0LCL01028 | 2.74% |
| 6 | Allied Blenders And Distillers Ltd. INE552Z01027 | 2.63% |
| 7 | Schneider Electric Infrastructure Ltd. INE839M01018 | 2.52% |
| 8 | KSH International Ltd. INE987S01020 | 2.50% |
| 9 | Carraro India Ltd. INE0V7W01012 | 2.19% |
| 10 | Bharat Bijlee Ltd. INE464A01036 | 2.14% |
| 11 | Arvind Fashions Ltd. INE955V01021 | 2.07% |
| 12 | Kirloskar Oil Engines Ltd. INE146L01010 | 2.03% |
| 13 | Gillette India Ltd. INE322A01010 | 1.98% |
| 14 | KSB Ltd. INE999A01023 | 1.96% |
| 15 | Motherson Sumi Wiring India Ltd. INE0FS801015 | 1.93% |
| 16 | Transport Corporation Of India Ltd. INE688A01022 | 1.91% |
| 17 | Aditya Birla Sun Life AMC Ltd. INE404A01024 | 1.90% |
| 18 | Tata Power Company Ltd. INE245A01021 | 1.87% |
| 19 | Cholamandalam Financial Holdings Ltd. INE149A01033 | 1.85% |
| 20 | Pricol Ltd. INE726V01018 | 1.85% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does LIC MF Small Cap Fund hold?
LIC MF Small Cap Fund holds 60 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 14.77% of NAV.
What is the largest holding in LIC MF Small Cap Fund?
The largest position in LIC MF Small Cap Fund is Treps, accounting for 4.34% of NAV.
Is LIC MF Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.200, LIC MF Small Cap Fund is well-diversified. The HHI concentration index is 17,514 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 14.77% of the portfolio.
What is the market cap allocation of LIC MF Small Cap Fund?
Based on SEBI's AMFI classification, LIC MF Small Cap Fund's equity portfolio is split as: Large Cap: 1.87%, Mid Cap: 4.15%, Small Cap: 88.46%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does LIC MF Small Cap Fund invest in most?
LIC MF Small Cap Fund has the highest allocation to Industrial Products (20.86%), Electrical Equipment (7.40%), Auto Components (7.27%). The fund is invested across 28 sectors in total.
How actively managed is LIC MF Small Cap Fund compared to other Small Cap Fund funds?
LIC MF Small Cap Fund has an Active Share of 81.98%, classifying it as "Highly Differentiated" among 31 Small Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in LIC MF Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, LIC MF Small Cap Fund added 5 new stocks (including Motherson Sumi Wiring India Ltd.) and exited 15 stocks (including Linde India Ltd.). Total holding count decreased from 72 to 62 stocks.