{"id":247146,"date":"2026-09-15T15:12:27","date_gmt":"2026-09-15T09:42:27","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/"},"modified":"2026-09-15T15:12:27","modified_gmt":"2026-09-15T09:42:27","slug":"lic-mf-midcap-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/","title":{"rendered":"LIC MF Midcap Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/lic-mf-midcap-fund-g-direct-plan\">LIC MF Midcap Fund Direct Growth Plan<\/a> has a NAV of \u20b935.2348 as of 11 September 2026 and an AUM of \u20b9392 Cr. Its 1-year, 3-year and 5-year returns are 8.36%, 15.94% and 13.34% respectively, while the scheme sits in the High Risk bucket. Our view is that it has delivered a mixed pattern: the medium-term numbers are better than the latest 1-year reading, but the fund still fits investors who can accept sharper swings in mid-cap exposure.<\/p>\n<p>The portfolio is led by stock-specific positions rather than broad index-like exposure, with IT and financial names prominent among the largest holdings. That can support upside when the selected businesses perform well, but it also means returns may be more uneven than a diversified large-cap style fund. For investors with a longer horizon and comfort with volatility, the fund can be a relevant mid-cap option to study closely.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_LIC_MF_Midcap\" title=\"Should you BUY or HOLD LIC MF Midcap?\">Should you BUY or HOLD LIC MF Midcap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/lic-mf-midcap-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b935.2348 as of 11 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9392 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>1.44%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>25 Jan 2017<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9200<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty Mid Cap<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil upto 12% of units and 1% for remaining units on or before 12M, Nil after 12M<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Manoj Bajpai<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Manoj Bajpai.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-1.44%<\/td>\n<td>-2.59%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>4.82%<\/td>\n<td>1.16%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>8.36%<\/td>\n<td>4.33%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>15.94%<\/td>\n<td>15.1%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>13.34%<\/td>\n<td>15%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The short-term pattern has been uneven, but not directionless. The 1-month return was negative, yet it still held up better than the benchmark over the same period. The 3-month figure improved noticeably, which suggests the fund recovered part of the weakness seen at shorter intervals.<\/p>\n<p>Over one year, the fund is ahead of the benchmark, which supports the case that its recent run has been somewhat stronger than the index. At the same time, the 3-year number shows that this edge is not especially wide, so our view is that the fund has not separated itself dramatically from the benchmark over a full market cycle.<\/p>\n<p>The 5-year picture is more restrained. The fund trails the benchmark there, which tells us that long-run compounding has been good, but not consistently superior. The return path also looks more volatile than a smooth upward climb, so investors should expect stretches where performance can lag even if the broader trend remains constructive.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_LIC_MF_Midcap\"><\/span>Should you BUY or HOLD LIC MF Midcap?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding LIC MF Midcap? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/lic-mf-midcap-fund-g-direct-plan\">LIC MF Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>8.36%<\/td>\n<td>15.94%<\/td>\n<td>13.34%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-midcap-fund-g-direct-plan\">HSBC Midcap Fund Direct Growth Plan<\/a><\/td>\n<td>21.47%<\/td>\n<td>23.84%<\/td>\n<td>19.35%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/woc-mid-cap-fund-g-direct-plan\">WOC Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>14.8%<\/td>\n<td>21.4%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/helios-mid-cap-fund-g-direct-plan\">Helios Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>14.51%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/iti-mid-cap-fund-g-direct-plan\">ITI Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>12.74%<\/td>\n<td>19.39%<\/td>\n<td>16.8%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/baroda-bnp-paribas-mid-cap-fund-g-direct-plan\">Baroda BNP Paribas Mid Cap Fund Direct Growth Plan<\/a><\/td>\n<td>11.38%<\/td>\n<td>16.48%<\/td>\n<td>15.66%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>On a recent basis, the fund\u2019s 1-year return is below several peer funds in the table, while its 3-year and 5-year numbers are also lighter than the stronger peer readings shown here. That suggests the fund has not matched the faster compounding seen in some mid-cap peers across medium and longer horizons.<\/p>\n<p>The gap is not identical across all periods, though. The fund\u2019s 1-year figure is still above the benchmark, and its 3-year number remains close to the benchmark, which means the comparison is stronger against the index than against the peer set. The peer picture therefore tells a more demanding story: the fund has been reasonable, but not the most forceful compounder in this group.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Info Edge (India) Ltd.<\/td>\n<td>IT<\/td>\n<td>4.35%<\/td>\n<\/tr>\n<tr>\n<td>Coforge Ltd.<\/td>\n<td>IT<\/td>\n<td>3.54%<\/td>\n<\/tr>\n<tr>\n<td>The Federal Bank Ltd.<\/td>\n<td>Bank<\/td>\n<td>3.27%<\/td>\n<\/tr>\n<tr>\n<td>Garware Hi-Tech Films Ltd.<\/td>\n<td>Plastic Products<\/td>\n<td>3.1%<\/td>\n<\/tr>\n<tr>\n<td>Motilal Oswal Financial Services Ltd.<\/td>\n<td>Finance<\/td>\n<td>2.91%<\/td>\n<\/tr>\n<tr>\n<td>Persistent Systems Ltd.<\/td>\n<td>IT<\/td>\n<td>2.78%<\/td>\n<\/tr>\n<tr>\n<td>One 97 Communications Ltd.<\/td>\n<td>IT<\/td>\n<td>2.76%<\/td>\n<\/tr>\n<tr>\n<td>Uno Minda Ltd.<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>2.72%<\/td>\n<\/tr>\n<tr>\n<td>Thermax Ltd.<\/td>\n<td>Capital Goods<\/td>\n<td>2.69%<\/td>\n<\/tr>\n<tr>\n<td>Multi Commodity Exchange of India Ltd.<\/td>\n<td>Finance<\/td>\n<td>2.66%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 30.78% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/lic-mf-midcap-fund-g-direct-plan\">LIC MF Midcap Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding, Info Edge (India) Ltd., carries a 4.35% weight, so no single position dominates the disclosed list. The drop from the first holding to the tenth is fairly measured, moving from 4.35% to 2.66%, which suggests the visible book is spread across several mid-sized positions rather than concentrated in one name.<\/p>\n<p>That said, the top 10 still make up about 30.78% of the portfolio, so the fund may remain meaningfully influenced by a relatively small set of ideas. With 52 holdings in total, the disclosed portfolio appears to combine a meaningful core with a longer tail of smaller positions, which could help balance stock-specific upside and downside.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is best understood by investors who can handle High Risk and stay invested for a longer period. The one-year return has been softer than several peer funds, but the three-year and five-year figures show that it can still compound at a respectable pace over time.<\/p>\n<p>It suits investors who are comfortable with mid-cap volatility and who want exposure to a portfolio built around selected businesses rather than a broad defensive mix. The main trade-off is that the fund may deliver uneven shorter-term outcomes even when the longer-term pattern remains acceptable, so patience matters more than quick consistency.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: Nil upto 12% of units and 1% for remaining units if sold within 12 months; no exit load after 12 months.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 11 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of LIC MF Midcap Fund Direct Growth Plan?<\/strong><br \/>The current NAV is \u20b935.2348 as of 11 September 2026.<\/p>\n<p><strong>How has LIC MF Midcap Fund Direct Growth Plan performed over 1 year, 3 years and 5 years?<\/strong><br \/>Its returns are 8.36% for 1 year, 15.94% for 3 years and 13.34% for 5 years.<\/p>\n<p><strong>How does the fund compare with the Nifty Mid Cap benchmark?<\/strong><br \/>It is ahead of the benchmark over 1 year and 3 years, but behind it over 5 years.<\/p>\n<p><strong>How does it compare with peers on return data?<\/strong><br \/>Its 1-year, 3-year and 5-year numbers are lower than several peer funds listed here, especially the stronger return profiles of HSBC Midcap Fund Direct Growth Plan and ITI Mid Cap Fund Direct Growth Plan.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b9200.<\/p>\n<p><strong>Who manages the fund and what is the exit load?<\/strong><br \/>The fund is managed by Manoj Bajpai. The exit load is nil upto 12% of units and 1% for the remaining units if sold within 12 months, and there is no exit load after 12 months.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>LIC MF Midcap Fund Direct Growth Plan has a mixed return profile: the short-term numbers have been uneven, the 3-year record is reasonable, and the 5-year return trails the benchmark. Against peers, its return profile looks more subdued than the stronger mid-cap options in the list, which makes the fund more of a steady mid-cap contender than a standout performer.<\/p>\n<p>Its High Risk label, mid-cap benchmark focus and portfolio tilted toward a set of selected stocks mean investors need comfort with volatility. The appeal is not in a smooth ride; it is in accepting swings in exchange for mid-cap exposure and a portfolio that can benefit from stock selection over time.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 15 September 2026 at 3:11 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"LIC MF Midcap Fund Direct Growth Plan\",\"identifier\":\"lic-mf-midcap-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"25 Jan 2017\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":35.2348,\"valueReference\":\"as of 11 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"392 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"1.44\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty Mid Cap\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":8.36},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":15.94},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":13.34},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Manoj Bajpai\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of LIC MF Midcap Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b935.2348 as of 11 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"How has LIC MF Midcap Fund Direct Growth Plan performed over 1 year, 3 years and 5 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its returns are 8.36% for 1 year, 15.94% for 3 years and 13.34% for 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with the Nifty Mid Cap benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is ahead of the benchmark over 1 year and 3 years, but behind it over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with peers on return data?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year, 3-year and 5-year numbers are lower than several peer funds listed here, especially the stronger return profiles of HSBC Midcap Fund Direct Growth Plan and ITI Mid Cap Fund Direct Growth Plan.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9200.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Manoj Bajpai. The exit load is nil upto 12% of units and 1% for the remaining units if sold within 12 months, and there is no exit load after 12 months.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LIC MF Midcap Fund Direct Growth Plan has a NAV of \u20b935.2348 as of 11 September 2026, AUM of \u20b9392 Cr, and 1Y\/3Y\/5Y returns of 8.36%\/15.94%\/13.34%.<\/p>\n","protected":false},"author":38,"featured_media":247143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-247146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["247143"],"rank_math_title":["LIC MF Midcap Fund Review 2026: NAV, Returns"],"rank_math_description":["LIC MF Midcap Fund Direct Growth Plan has a NAV of \u20b935.2348 and 1Y return of 8.36%. See performance, portfolio and review."],"rank_math_focus_keyword":["LIC MF Midcap Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/LIC_MF_Midcap_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/247146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=247146"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/247146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/247143"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=247146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=247146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=247146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}