About LIC MF Mid Cap Fund
LIC MF Mid Cap Fund is a mid cap fund managed by LIC Mutual Fund. Invest at least 65% in mid-sized companies (ranked 101–250 by market value). Higher growth potential than large caps, with bigger swings.
The objective of the scheme is to provide investors with the opportunities for long-term capital appreciation by investing predominantly in Equity and Equity related instruments of Midcap Companies. However there can be no assurance that the investment objective under the scheme will be realized.
The scheme's stated objective, as published by LIC Mutual Fund.
The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.
Tax on your gains
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Work out what you would owe with the capital gains tax calculator.
Every plan and option, with scheme codes
| Plan | Option | NAV | Scheme code |
|---|---|---|---|
| Direct | Growth | ₹35.0012 | 152002 |
| Direct | IDCW | ₹32.8797 | 151999 |
| Regular | Growth | ₹30.9121 | 152001 |
| Regular | IDCW | ₹29.0117 | 152000 |
Frequently asked questions
What is the NAV of LIC MF Mid Cap Fund today?
The NAV of LIC MF Mid Cap Fund (Direct plan, Growth) is ₹35.0012 and the Regular plan NAV is ₹30.9121, as of 18 Sept 2026.
What returns has LIC MF Mid Cap Fund given?
Over the last year the Direct plan returned 5.14%, and 16.26% a year over 3 years. That places it 18 of 28 funds in its category over 3 years. Past returns do not guarantee future returns.
What is the expense ratio of LIC MF Mid Cap Fund?
The Direct plan charges 1.78% a year, as disclosed on 31 Aug 2026. The fee is already taken out of the NAV, so the returns above are what you keep.
What is the minimum SIP amount in LIC MF Mid Cap Fund?
You can start a monthly SIP with ₹200, or invest a lump sum of ₹5,000 or more.
How much has LIC MF Mid Cap Fund fallen in the past?
Its deepest fall was 21.5% from 24 Sept 2024 to 7 Apr 2025. Of every one-year stretch in its history, 81% ended in a gain.
Which category does LIC MF Mid Cap Fund belong to?
It is a Mid Cap Fund from LIC Mutual Fund. Invest at least 65% in mid-sized companies (ranked 101–250 by market value). Higher growth potential than large caps, with bigger swings.
What is the difference between the Direct and Regular plan?
Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.
How are gains from LIC MF Mid Cap Fund taxed?
Gains are taxed as equity: sell within 12 months and the gain is short-term, taxed at 20%. Hold longer and it is long-term, taxed at 12.5% on gains above ₹1.25 lakh in a financial year, across all your equity investments.
Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.