LIC Mf Balanced Advantage Fund Direct Growth NAV today
AMFI: 149261ISIN: INF767K01QY0MUTF_IN: LIC_MF_BALA_2QQ4ZRLIC Mutual FundDynamic Asset Allocation or Balanced Advantage funds
NAV ₹14.0180down ₹0.15 (1.09%)
NAV for 23 Oct 2026, against 22 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹653 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.43%18 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 34.030 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 5430 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 12 Nov 2021
LIC Mf Balanced Advantage Fund returns
Direct Growth plan
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −3.42% | – | – | – | – |
| 1 month | −6.34% | – | 35 of 37 | −4.18% | −5.6% to −3.5% |
| 3 months | −3.41% | – | 19 of 37 | −3.41% | −4.2% to −2.6% |
| 6 months | −1.77% | – | 17 of 37 | −1.89% | −4.0% to −0.9% |
| 1 year | −5.39% | −2.65%to 30 Sep 2026 | 25 of 36 | −3.14% | −5.5% to −1.8% |
| 3 years | +6.90% | +6.04%to 30 Sep 2026 | 26 of 30 | +8.65% | +7.1% to +9.9% |
| 5 years | Needs 5 years | – | – | +7.99% | +6.6% to +9.0% |
| 10 years | Needs 10 years | – | – | +9.52% | +7.8% to +10.4% |
₹10,000 put in on 15 Nov 2021 is ₹13,991 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Dynamic Asset Allocation or Balanced Advantage funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +1.25% | −2.65% |
| 3 years | +7.75% | +6.04% |
| Since launch | +7.98% | +5.77% |
Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2023, +15.2%; lowest year to Dec 2025, +4.8%
LIC Mf Balanced Advantage Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,16,084₹1,16,078 after stamp duty | −6.25% | −6.26% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,67,083₹3,67,065 after stamp duty | +1.29% | +1.29% | ₹18 | |
| Since Nov 202159 instalments | ₹5,90,000 | ₹6,73,561₹6,73,528 after stamp duty | +5.38% | +5.37% | ₹30 |
5 years: Launched 12 Nov 2021, needs 5 years of history.
Rolling returns
Per cent a year, every window from 15 Nov 2021 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year972 windows−6.4%+9.9%+21.6%92.3%
3 years478 windows+6.9%+10.9%+15.6%100.0%
5 yearsLaunched 12 Nov 2021, needs 6 years of history
Every 3-year window ended higher than it started.
LIC Mf Balanced Advantage Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 1.42 ptsA year, on 18 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.47%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.89%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.67%, Jul 2026.Direct plan lowest 0.36%, Jul 2023.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.79% | 2.06% |
| Brokerage | 0.16% | 0.16% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.48% | 0.63% |
Per cent of assets a year, filed for 23 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
• 12% of the units allotted shall be redeemed or switched out without any exit load, on or before completion of 3 months from the date of allotment of units. • 1% on remaining units if redeemed or switched out on or before completion of 3 months from the date of allotment of units • Nil, if redeemed or switched out after completion of 3 months from the date of allotment of unitsMoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹500
- Minimum redemption
- ₹500
- SIP
- Accepted
- SIP minimum
- 100,150, 200, 1000 |
- SIP instalments, at least
- 60,40,30,6 |
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP dates
- Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th|
As listed for this plan on 24 Oct 2026.
LIC Mf Balanced Advantage Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹683 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 14.1%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
Largest ₹1,209 Cr, quarter to Sep 2022.
Assets at each month end
Highest ₹1,153 Cr, Nov 2022.Lowest ₹653 Cr, Mar 2026.
LIC Mf Balanced Advantage Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|---|
| 7.43% Jamnagar Utilities & Power Pvt. Ltd.CRISIL AAA, repaid 24 Oct 2034 | Bonds and bills | 6.35% | 41.46 | 4,000 | 8.00% | Oct 2024 | |
| ICICI BankBanks | Shares | Large cap5th | 5.38% | 35.17 | 2,66,073 | – | Nov 2021or earlier |
| Navin Fluorine InternationalChemicals & Petrochemicals | Shares | Small cap251st | 3.75% | 24.49 | 29,701 | – | May 2026 |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | Shares | Large cap13th | 2.69% | 17.59 | 96,807 | – | Oct 2024 |
| INDO-MIMIndustrial Manufacturing | Shares | 2.66% | 17.39 | 1,39,999 | – | Jul 2026 | |
| Larsen & ToubroConstruction | Shares | Large cap8th | 2.46% | 16.09 | 42,798 | – | May 2024 |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | Shares | Large cap50th | 2.36% | 15.39 | 16,565 | – | Feb 2026 |
| 7.47% Reliance Industries Ltd.CRISIL AAA, 7.47% coupon, repaid 16 Sep 2031 | Bonds and bills | 2.29% | 14.95 | 1,500 | 7.63% | Sep 2026 | |
| AU Small Finance BankBanks | Shares | Mid cap145th | 2.28% | 14.90 | 1,47,500 | – | May 2026 |
| Shriram FinanceFinance | Shares | Large cap42nd | 2.26% | 14.74 | 1,50,000 | – | May 2026 |
| 7.79% Bajaj Finance Ltd.CRISIL AAA, repaid 4 Jul 2036 | Bonds and bills | 2.25% | 14.70 | 1,500 | 8.38% | Aug 2026 | |
| Solar Industries IndiaChemicals & Petrochemicals | Shares | Large cap73rd | 2.22% | 14.48 | 7,350 | – | May 2026 |
| Info Edge (India)Retailing | Shares | Mid cap154th | 2.16% | 14.12 | 1,15,750 | – | Jul 2026 |
| Bajaj FinanceFinance | Shares | Large cap7th | 2.13% | 13.93 | 1,45,151 | – | Mar 2026 |
| Multi Commodity Exchange of IndiaCapital Markets | Shares | Mid cap157th | 2.02% | 13.20 | 40,000 | – | May 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Treps | 5.53% | 36.10 |
| Net Receivables / (Payables) | 2.39% | 15.64 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 6.35%7.43% Jamnagar Utilities & Power Pvt. Ltd.
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 20.83%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 32.47%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 28.21%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 38.9Taken over 92.08% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares75.65%
- Bonds and bills16.43%
- Cash and receivables7.92%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap52.06%Category 68.10%
- Mid cap31.21%Category 16.88%
- Small cap13.21%Category 13.11%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 2.66% of the fund. Category is the average of 38 Dynamic Asset Allocation or Balanced Advantage funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.13sectors
- Financial Services17.26%Category 19.92%
- Capital Goods14.95%Category 4.42%
- Healthcare10.02%Category 5.93%
- Chemicals7.55%Category 1.38%
- Information Technology6.53%Category 3.54%
- Consumer Services4.12%Category 3.61%
- Automobile And Auto Components3.68%Category 4.63%
- Metals & Mining3.09%Category 1.91%
- Construction2.46%Category 1.64%
- Construction Materials1.93%Category 0.88%
- Services1.65%Category 1.51%
- Fast Moving Consumer Goods1.60%Category 3.14%
- Consumer Durables0.80%Category 1.74%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 38 Dynamic Asset Allocation or Balanced Advantage funds. Category average. The sector's weight, less the futures sold on it, averaged over the 38 Dynamic Asset Allocation or Balanced Advantage funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services8 companies | 17.26% | 18.04% | 19.86% | 18.62% | 20.73% | 23.68% | 19.57% | 20.12% | 22.09% | 23.35% | 23.73% | 21.75% | |
| Capital Goods12 companies | 14.95% | 15.65% | 15.72% | 13.49% | 11.48% | 4.61% | 3.86% | 4.25% | 4.77% | 4.66% | 5.22% | 5.49% | |
| Healthcare6 companies | 10.02% | 10.03% | 9.65% | 8.76% | 7.59% | 2.87% | 3.02% | 2.54% | 2.43% | 2.62% | 3.04% | 3.01% | |
| Chemicals3 companies | 7.55% | 7.66% | 8.18% | 8.37% | 7.75% | 0.31% | 0.32% | 0.52% | 0.95% | 1.50% | 1.49% | 1.31% | |
| Information Technology4 companies | 6.53% | 6.97% | 4.40% | 3.60% | 4.28% | 5.11% | 4.99% | 4.88% | 5.98% | 6.85% | 7.04% | 6.61% | |
| Consumer Services2 companies | 4.12% | 4.07% | 3.91% | 1.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Automobile And Auto Components3 companies | 3.68% | 3.81% | 3.84% | 4.65% | 3.09% | 2.76% | 2.62% | 2.25% | 1.87% | 1.35% | 1.24% | 1.27% | |
| Metals & Mining3 companies | 3.09% | 3.13% | 3.25% | 3.43% | 3.87% | 1.15% | 1.09% | 0.88% | 0.93% | 0.62% | 0.55% | 0.67% | |
| Construction1 company | 2.46% | 2.49% | 2.46% | 2.59% | 3.35% | 3.34% | 2.91% | 2.63% | 2.58% | 2.79% | 3.23% | 3.17% | |
| Construction Materials2 companies | 1.93% | 1.88% | 1.99% | 1.49% | 1.52% | 2.12% | 2.04% | 2.06% | 2.07% | 2.14% | 2.08% | 2.16% | |
| Services1 company | 1.65% | 1.63% | 1.64% | 1.70% | 0.70% | 0.67% | 0.65% | 0.73% | 0.59% | 0.63% | 0.72% | 0.68% | |
| Fast Moving Consumer Goods1 company | 1.60% | 1.81% | 1.77% | 3.05% | 1.61% | 3.06% | 2.69% | 2.76% | 3.16% | 3.38% | 3.71% | 3.42% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 8.00%Lines stating a yield: 74.83% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 6.48%Direct plan
- Macaulay durationMacaulay duration. The weighted average time, in years, until the fund's bonds pay back their interest and principal.
- 334days
- Modified durationModified duration. Roughly how much the bonds' value changes, in per cent, for each one point change in interest rates.
- 312days
- Average maturityAverage maturity. The weighted average time, in years, until the fund's bonds are repaid.
- 1.57years
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign1.57%
- AAA14.85%
Other
- Overnight lending5.53%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month5.53%
- 1 to 3 monthsNone
- 3 to 6 monthsNone
- 6 to 12 monthsNone
- 1 to 3 years3.15%
- 3 to 5 years3.10%
- 5 to 10 years8.60%
- Over 10 years1.57%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 6.35%Jamnagar Utilities & Power Private Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 14.04%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 14.85%
Per cent of the fund's net assets. Lent outside the government: 14.85% of the fund, to 6 borrowers; the borrower is named for 100.00% of it, its group for 16.01%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 23.86% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 34.58% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 0
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 7
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 45
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 3.86%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 9.41%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| 7.18% Government of India | Sold out | – | 3.67% | −3.67 pts | −25,00,000 |
| 7.47% Reliance Industries Ltd. | New | 2.29% | 0.00% | +2.29 pts | +1,500 |
| 7.71% Government of India | New | 1.57% | 0.00% | +1.57 pts | +10,00,000 |
| 7.43% Jamnagar Utilities & Power Pvt. Ltd. | Trimmed | 6.35% | 7.46% | −1.12 pts | −1,000 |
| Export Import Bank of India | Sold out | – | 0.71% | −0.71 pts | −100 |
| Shakti Pumps (India) | Trimmed | 0.54% | 0.98% | −0.44 pts | −63,000 |
| Kirloskar Oil Engines | Trimmed | 1.41% | 1.81% | −0.40 pts | −20,000 |
| Radico Khaitan | Trimmed | 1.60% | 1.81% | −0.20 pts | −4,000 |
| SML Mahindra | Sold out | – | 0.20% | −0.20 pts | −2,700 |
| Solar Industries India | Trimmed | 2.22% | 2.41% | −0.20 pts | −1,000 |
| Sirca Paints India | Trimmed | 0.80% | 0.98% | −0.18 pts | −29,298 |
| Quality Power Electrical Equipments | Trimmed | 0.54% | 0.67% | −0.12 pts | −9,862 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7.43% Jamnagar Utilities & Power Pvt. Ltd. | 6.56% | 6.71% | 6.85% | 7.03% | 7.21% | 7.69% | 7.43% | 7.49% | 7.63% | 7.62% | 7.46% | 6.35%Cut |
 ICICI Bank | 3.40%Added | 3.85%Added | 3.80% | 3.96% | 4.36%Added | 4.51%Added | 4.53% | 4.55% | 4.91% | 5.57%Added | 5.56% | 5.38% |
 Navin Fluorine International | – | – | – | – | – | – | – | 3.90%Bought again | 4.15% | 4.08% | 3.70%Cut | 3.75% |
 Sun Pharmaceutical Industries | 1.38%Cut | 1.51% | 1.35%Cut | 1.30% | 1.43% | 1.58%Added | 1.56% | 2.58%Added | 2.63% | 2.81% | 2.76% | 2.69% |
| INDO-MIM | – | – | – | – | – | – | – | – | – | 1.27%Bought | 1.76%Added | 2.66% |
 Larsen & Toubro | 2.25%Cut | 2.19%Cut | 2.24% | 2.13%Cut | 2.04%Cut | 2.30%Added | 2.52% | 2.58% | 2.59% | 2.46% | 2.49% | 2.46% |
 Divi's Laboratories | – | – | – | – | 0.19%Bought again | 0.19% | 0.20% | 2.08%Added | 2.03% | 2.48% | 2.25%Cut | 2.36% |
| 7.47% Reliance Industries Ltd. | – | – | – | – | – | – | – | – | – | – | – | 2.29%Bought |
 AU Small Finance Bank | – | – | – | – | – | – | – | 1.42%Bought | 2.23%Added | 2.25% | 2.30% | 2.28% |
 Shriram Finance | 0.55%Cut | Sold out | – | – | – | – | – | 1.40%Bought again | 2.28%Added | 2.29% | 2.39% | 2.26% |
| 7.79% Bajaj Finance Ltd. | – | – | – | – | – | – | – | – | – | – | 2.13%Bought | 2.25% |
 Solar Industries India | – | – | – | – | – | – | – | 1.89%Bought | 2.28%Added | 2.24% | 2.41% | 2.22%Cut |
 Info Edge (India) | – | – | – | – | – | – | – | – | – | 2.15%Bought again | 2.18%Cut | 2.16% |
 Bajaj Finance | – | – | – | – | – | 0.19%Bought again | 0.21% | 0.20% | 2.13%Added | 2.41% | 2.21% | 2.13% |
 Multi Commodity Exchange of India | – | – | – | – | – | – | – | 0.66%Bought | 1.04%Added | 1.57%Added | 1.95% | 2.02% |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 87.0% in Aug 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Dynamic Asset Allocation or Balanced Advantage funds (30 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.9.63%
6.92%Lowest9.61%Average16.41%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.6.20%
3.75%Lowest6.01%Average10.75%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.21
−0.17Lowest0.33Average0.57Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.29
−0.21Lowest0.48Average0.85Highest
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 year | −9.29% | 29 Oct 2025 | 30 Mar 2026 | 3 Aug 2026 |
| 3 years and since Nov 2021 | −9.43% | 27 Jun 2025 | 30 Mar 2026 | 3 Aug 2026 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Sep 2024 to Aug 202624 months | Very High | HighNIFTY 50 Hybrid Composite Debt 50:50 Index |
| Jun 2024 to Aug 20243 months | Moderately High | HighNIFTY 50 Hybrid Composite Debt 50:50 Index |
| Feb 2024 to May 20244 months | Very High | HighNIFTY 50 Hybrid Composite Debt 50:50 Index |
| Jan 20241 month | Moderately High | HighNIFTY 50 Hybrid Composite Debt 50:50 Index |
| Feb 2023 to Dec 202311 months | Very High | HighNIFTY 50 Hybrid Composite Debt 50:50 Index |
| Oct 2022 to Jan 20234 months | Moderately High | HighNIFTY 50 Hybrid Composite Debt 50:50 Index |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
LIC Mf Balanced Advantage Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Mahesh BendreFund Manager - Equity | Sep 2026 | −4.27%over 45 days | – | – | – | – | 6 | ₹5,271 Cr₹2,430 Cr alone |
| Rahul SinghFund Manager - Debt | Nov 2021 | +7.82%a year | – | – | – | – | 11 | ₹25,683 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| LIC Mf Multi Cap FundMahesh Bendre | Sep 2026 | −4.27%over 45 days | −4.59% | +0.32 pts | ₹2,187 Cr |
| LIC Mf Infrastructure FundMahesh Bendre | Jul 2024 | +2.97%a year | −1.08% | +4.05 pts | ₹1,153 Cr |
| LIC Mf Manufacturing FundMahesh Bendre | Oct 2024 | +6.66%a year | +0.52% | +6.14 pts | ₹770 Cr |
| LIC Mf Value FundMahesh Bendre | Jul 2024 | +7.18%a year | +0.07% | +7.10 pts | ₹336 Cr |
| LIC Mf Focused FundMahesh Bendre | Apr 2026 | +11.90%over 192 days | +5.26% | +6.64 pts | ₹171 Cr |
| LIC Mf Liquid FundRahul Singh | Oct 2015 | +6.29%a year | – | – | ₹12,872 Cr |
| LIC Mf Money Market FundRahul Singh | Aug 2022 | +6.60%a year | – | – | ₹3,979 Cr |
| LIC Mf Ultra Short to Short Term FundRahul Singh | Sep 2015 | +6.72%a year | – | – | ₹1,900 Cr |
| LIC Mf Nifty 8-13 yr G-Sec ETFRahul Singh | Oct 2025 | – | +1.21% | – | ₹1,704 Cr |
| LIC Mf Banking & PSU Debt FundRahul Singh | Oct 2025 | +4.76%a year | – | – | ₹1,598 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| PGIM India Balanced Advantage FundPGIM India Mutual Fund | 27.42% | 24 |
| Baroda BNP Paribas Balanced Advantage FundBaroda BNP Paribas Mutual Fund | 24.59% | 17 |
| Helios Balanced Advantage FundHelios Mutual Fund | 22.65% | 12 |
| Edelweiss Balanced Advantage FundEdelweiss Mutual Fund | 21.62% | 24 |
| LIC Mf Unit Linked Insurance Scheme (ULIS)LIC Mutual Fund | 21.30% | 14 |
| Canara Robeco Balanced Advantage FundCanara Robeco Mutual Fund | 21.00% | 14 |
| Bajaj Finserv Balanced Advantage FundBajaj Finserv Mutual Fund | 20.55% | 11 |
| Kotak Balanced Advantage FundKotak Mahindra Mutual Fund | 20.50% | 22 |
| Mahindra Manulife Balanced Advantage FundMahindra Manulife Mutual Fund | 20.45% | 14 |
| Sundaram Dynamic Asset Allocation FundSundaram Mutual Fund | 20.38% | 15 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| LIC Mf Aggressive Hybrid FundLIC Mutual Fund | 37.66% |
| LIC Mf Multi Asset Allocation FundLIC Mutual Fund | 29.47% |
| LIC Mf Equity Savings FundLIC Mutual Fund | 25.92% |
| LIC Mf Conservative Hybrid FundLIC Mutual Fund | 11.45% |
| LIC Mf Arbitrage FundLIC Mutual Fund | 8.08% |
As the fund house states it, for Aug 2026.
LIC Mf Balanced Advantage Fund dividend history
Paid through the IDCW (income distribution cum capital withdrawal) option, once called a dividend.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to provide capital appreciation/ income to the investors from a dynamic mix of equity, debt and money market instruments. The Scheme seeks to reduce the volatility by diversifying the assets across equity, debt and money market instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Asset allocation
- Under normal circumstances, the asset allocation of the Scheme would be as follows: Equities and equity related instruments**:0-100% of the total assets, Debt & Money Market Instruments (including Triparty Repo): 0-100% of the total assets, Please refer the Scheme Information Document for complete details.
Type of scheme
An Open Ended Dynamic Asset Allocation Fund
- Stated category
- Dynamic Assset Allocation/Balanced Advantage
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- NIFTY 50 Hybrid Composite Debt 50:50 Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 20 Oct 2021 to 3 Nov 2021
- Units first allotted
- 12 Nov 2021
- Open for sale again
- 15 Nov 2021
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 149261 | INF767K01QY0 | LIC_MF_BALA_2QQ4ZR | 15 Nov 2021 | |
| Regular Growth | 149259 | INF767K01QV6 | LIC_MF_BALA_17UH1AB | 15 Nov 2021 | |
| Direct IDCW | 149260 | INF767K01QZ7 | INF767K01RA8 | LIC_MF_BALA_1UI6C08 | 15 Nov 2021 |
| Regular IDCW | 149258 | INF767K01QW4 | INF767K01QX2 | LIC_MF_BALA_1SKJDAH | 15 Nov 2021 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- Lic-mf-factsheet-30 th-september-2026-275881603 (opens in a new tab)LIC Mutual Fund, Sep 2026
Statement of additional information
- SAI LIC Mutual Fund (opens in a new tab)LIC Mutual Fund, Oct 2026
Annual report
- LIC-MF-Annual-Report-2025-26 (opens in a new tab)LIC Mutual Fund, Mar 2026
- LIC-MF-Aggressive-Hybrid-Fund Combined (opens in a new tab)LIC Mutual Fund, Mar 2026
- LIC-MF-Arbitrage-Fund Combined (opens in a new tab)LIC Mutual Fund, Mar 2026
- LIC-MF-Balanced-Advantage-Fund Combined (opens in a new tab)LIC Mutual Fund, Mar 2026
Riskometer disclosure
- 1791450720-LIC-MF-Schemes-&-Benchmark-Risk-o-meter-as-on-September-30,-2026 (opens in a new tab)LIC Mutual Fund, Sep 2026
Portfolio overlap disclosure
- 1791277986-Portfolio Overlap 30Sep2026 website (opens in a new tab)LIC Mutual Fund, Sep 2026