LIC MF Dividend Yield Fund
LIC Mutual Fund · Dividend Yield · Direct plan, growth option
NAV (₹), 1 Oct 2026
34.6869
1-day change
-1.31%
1Y return
4.3%
3Y CAGR
17.5%
5Y CAGR
n/a
Max drawdown, 5Y
n/a
NAV history month-end NAV, ₹ · 31 Jul 2023 to 1 Oct 2026
Returns vs Dividend Yield median (12 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.9% | -5.4% |
| 3 months | -2.1% | -3.8% |
| 6 months | 16.0% | 2.4% |
| Year to date | 2.4% | -6.0% |
| 1 year | 4.3% | -2.3% |
| 3 years (CAGR) | 17.5% | 10.4% |
| 5 years (CAGR) | n/a | 12.4% |
| 7 years (CAGR) | n/a | 17.1% |
| 10 years (CAGR) | n/a | 13.7% |
| Since first NAV (CAGR) | 17.6% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 8.3% | 10.4% |
| 3Y rolling median | 20.1% | 17.0% |
| 3Y rolling worst | 17.5% | 8.3% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | 100% | 100% |
| 5Y rolling median | n/a | 14.9% |
| 5Y rolling worst | n/a | -0.6% |
| 5Y periods ahead of benchmark | n/a | 100% |
Benchmark: Nifty 500 (proxy: Motilal Oswal Nifty 500 Index Fund, price return).
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 18.2% | 14.8% |
| Sharpe ratio | 0.67 | 0.32 |
| Sortino ratio | 1.06 | 0.50 |
| Beta | 1.12 | 0.91 |
| Alpha (ann.) | 8.4% | 1.8% |
| Upside capture | 140.43 | 100.31 |
| Downside capture | 101.24 | 91.57 |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −20.4% | −20.4% |
| Maximum drawdown, last 10Y | n/a | −40.0% |
| Maximum drawdown, last 5Y | n/a | −20.0% |
| Current drawdown | −5.2% | −9.9% |
| Recovery time of worst fall | 475 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Market context from Integrato Market Intelligence
This scheme invests mainly in the market below, which is also close to how many of them are benchmarked. Where that market stands today:
21,857.75 −0.97%
NSE close, 1 Oct 2026
- P/E 21.6: higher than 1% of days since 2023 (median 24.2)
- 1Y −3.9% · 3Y +8.9% p.a. · 5Y +8.6% p.a. (index fund NAV, after costs)
- −9.3% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 2.44% a year and the Direct plan's 0.97%, a gap of 1.47%; over the last 3 years the Direct plan returned 1.65 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹32,81,791.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 0.96% to 0.97% (AMFI TER disclosure)
- 28 Sep 2026: TER increased from 0.95% to 0.96% (AMFI TER disclosure)
- 17 Sep 2026: TER reduced from 0.96% to 0.95% (AMFI TER disclosure)
- 16 Sep 2026: TER reduced from 0.97% to 0.96% (AMFI TER disclosure)
- 15 Sep 2026: TER increased from 0.95% to 0.97% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Dikshit Mittal | Primary | 31 Jul 2023 |
| Sumit Bhatnagar | Comanage | 1 Sep 2026 |
Objective: The Investment objective of the Scheme is to provide long term capital appreciation and/or Income Distribution cum Capital Withdrawal (IDCW) distribution by investing predominantly in dividend yielding equity and equity related instruments. There is no assurance that the investment objective of the Scheme will be achieved.
Stated asset allocation: Under normal circumstances, the asset allocation of the Scheme would be as follows: EEquity and equity related instruments of dividend yielding companies- 80%-100% Equity and Equity related instruments other than dividend yielding companies, Money market instruments, other liquid instruments, INVITs and mutual funds units including Gold/ Silver ETFs.- 0%-20% Please refer Scheme Information Document for complete details.
Benchmark (tier 1): NIFTY 500 - TRI
Exit load: Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment.
Minimum application: ₹5,000
Allotment date: 21 Dec 2018
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Direct plan | 0.97% | 1.19% |
| AUM, whole scheme (₹ crore) | 738 | 1,382 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Return, 1 year (AMFI) | 7.1% | -2.0% TRI |
| Return, 3 years (AMFI) | 18.0% | 9.5% TRI |
| Return, 5 years (AMFI) | 14.8% | 9.0% TRI |
Official benchmark: Nifty 500 TRI (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Dividend Yield Direct plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Nifty 500 proxy | Difference |
|---|---|---|---|
| 2026 YTD | 2.4% | -7.8% | +10.1% |
| 2025 | 4.4% | 7.7% | −3.3% |
| 2024 | 33.3% | 15.6% | +17.7% |
Benchmark proxy: Motilal Oswal Nifty 500 Index Fund (Direct plan NAV, price return), which carries its own costs. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,390 | 5.3% |
| 3 years | ₹3,60,000 | ₹4,10,608 | 8.7% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
AMC: LIC Mutual Fund
Category: Dividend Yield
Plan / option: Direct · Growth
AMFI scheme code: 152022
ISIN: INF397L01LC1
First NAV in MFIC data: 31 Jul 2023
History: 3.2 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| ITI Large & Mid Cap Fund | Large & Mid Cap | 0.98 | n/a |
| PGIM India Multi Cap Fund | Multi Cap | 0.98 | n/a |
| Bandhan Large & Mid Cap Fund | Large & Mid Cap | 0.98 | 16.3% |
| DSP Multi Cap Fund | Multi Cap | 0.97 | n/a |
| HSBC ELSS Tax saver Fund | ELSS | 0.97 | 14.7% |
| Bandhan Business Cycle Fund | Sectoral/Thematic | 0.97 | n/a |
Questions about LIC MF Dividend Yield Fund
- What is the latest NAV of LIC MF Dividend Yield Fund?
- The NAV of the Direct plan (growth option) was ₹34.6869 on 1 Oct 2026, as published by AMFI.
- Which category is LIC MF Dividend Yield Fund in?
- It is classified as Dividend Yield in AMFI's daily NAV file. MFIC compares it with 12 Dividend Yield schemes (Direct plans).
- What returns has LIC MF Dividend Yield Fund delivered?
- Over one year the NAV changed by 4.3%. The 3-year CAGR is 17.5% (category median 10.4%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 20.1%, the lowest was 17.5%, and 100% of 3-year periods ended with a gain. It was ahead of Nifty 500 (index-fund proxy) in 100% of those periods.
- What was the largest fall in LIC MF Dividend Yield Fund's NAV?
- The largest peak-to-trough fall in its available history was 20.4%.
- How volatile is LIC MF Dividend Yield Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 18.2%, which is above the Dividend Yield category median of 14.8%.
- What would a monthly SIP in LIC MF Dividend Yield Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 3 years (36 instalments, ₹3,60,000 invested) would have been worth about ₹4,10,608 on 1 Oct 2026, an annualised return (XIRR) of 8.7%. This uses the Direct plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of LIC MF Dividend Yield Fund?
- The total expense ratio of the Direct plan is 0.97% a year, as disclosed to AMFI (median of Dividend Yield Direct plans: 1.19%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is LIC MF Dividend Yield Fund?
- Assets under management of the whole scheme were ₹738 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of LIC MF Dividend Yield Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- What is the benchmark of LIC MF Dividend Yield Fund and how has it compared?
- Its official benchmark is the Nifty 500 TRI. Over 3 years AMFI reports a return of 18.0% for this plan against 9.5% for the benchmark total return index; over 5 years 14.8% against 9.0%. Past performance does not indicate future results.
- Who manages LIC MF Dividend Yield Fund?
- According to its Scheme Summary Document, LIC MF Dividend Yield Fund is managed by Dikshit Mittal (since 31 Jul 2023), Sumit Bhatnagar (since 1 Sep 2026).
- What is the exit load of LIC MF Dividend Yield Fund?
- As stated in its scheme documents: Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in LIC MF Dividend Yield Fund?
- The minimum application amount is ₹5,000. SIP details: SIP Details - 100, 150,200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 4.3% and the Regular plan's by 2.8%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Direct plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.