LIC MF Aggressive Hybrid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

LIC MF Aggressive Hybrid Fund Direct Growth Plan currently has a NAV of ₹233.5636 as of 10 Sep 2026 and an AUM of ₹561 Cr. Its 1-year, 3-year and 5-year returns are 4.32%, 11.37% and 9.11% respectively, and the scheme sits in the High Risk bucket.

Our view is that this is a fund for investors who can accept equity-led swings in pursuit of long-term growth. The recent return profile is softer than the 3-year outcome, and the portfolio still carries meaningful stock and cash exposure, so the fund looks better suited to a patient horizon than to short holding periods.

Quick facts

Particular	Details
NAV	₹233.5636 as of 10 Sep 2026
AUM	₹561 Cr
Expense Ratio	1.39%
Launch Date	01 Jan 2013
Min SIP	₹200
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil upto 12% on units and 1% on remaining units on or before 3M, Nil after 3M
Fund Managers	Manoj Bajpai, Pratik Shroff

The fund is managed by Manoj Bajpai and Pratik Shroff.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.10%	-4.06%
3M	7.12%	1.37%
1Y	4.32%	-7.31%
3Y	11.37%	6.07%
5Y	9.11%	5.91%

The shorter-term pattern is constructive but uneven. Over 1 month, the fund was essentially flat while the benchmark was weaker, and over 3 months it moved ahead of the benchmark by a comfortable margin. That said, the 1-year return is still modest at 4.32%, which tells us the ride has not been smooth even though it has stayed ahead of the benchmark’s negative 1-year outcome.

Over 3 years, the fund’s 11.37% return shows a better compounding picture than the benchmark’s 6.07%. The 5-year return of 9.11% is also ahead of the benchmark’s 5.91%, which suggests the fund has done better than the index across full market cycles rather than only in brief rebounds. The longer window therefore gives a steadier read than the 1-year figure.

The 1-year path also hints at volatility. The fund moved through weaker phases before recovering into the latest period, which is consistent with a scheme carrying high equity exposure alongside debt and cash. For investors, that means the return profile can change meaningfully over short stretches, even when the longer-term direction remains positive relative to the benchmark.

Overall, the performance pattern looks stronger over medium and long horizons than in the most recent 12 months. That split matters because it suggests the fund can reward patience, but short-term outcomes may lag the smoother long-run compounding story.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD LIC MF Aggressive Hybrid?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
LIC MF Aggressive Hybrid Fund Direct Growth Plan	4.32%	11.37%	9.11%
Bank of India Aggressive Hybrid Fund Direct Growth Plan	15.71%	17.16%	14.99%
HSBC Multi Asset Active FOF Direct Growth Plan	15.45%	15.43%	12.38%
Quant Aggressive Hybrid Fund Direct Growth Plan	10.68%	12.75%	13.04%
Navi Aggressive Hybrid Fund Direct Growth Plan	9.83%	11.99%	11.51%
HSBC Aggressive Hybrid Active FOF Direct Growth Plan	9.12%	12.58%	11.02%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The current fund trails the stronger peer 1-year figures by a wide margin, with several peer schemes showing double-digit recent returns versus 4.32% here. That tells us the fund has been more subdued in the last year than the better recent performers in this set.

The longer-term picture is more balanced. Its 3-year and 5-year returns remain below the strongest peer outcomes, but they are not far from the middle of the comparison group on a 5-year basis. That means the fund’s relative story changes by horizon: the recent year looks weak against peers, while the medium- to long-term record is steadier and more competitive.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	8.59%
ICICI Bank Ltd.	Bank	4.47%
Sansera Engineering Ltd.	Automobile & Ancillaries	4.43%
Indo-Mim Ltd.	Domestic Equities	3.52%
Info Edge (India) Ltd.	IT	2.87%
7.48% National BK for Agriculture & Rural Dev.	Corporate Debt	2.85%
One 97 Communications Ltd.	IT	2.47%
Thermax Ltd.	Capital Goods	2.19%
Bajaj Finance Ltd.	Finance	2.13%
Azad Engineering Ltd.	Capital Goods	2.07%

The largest disclosed holding is TREPS at 8.59%, so the portfolio begins with a meaningful cash and equivalents position rather than a single dominant equity bet. That can soften day-to-day swings, although it also means the fund is not fully deployed into one concentrated theme.

Weight then falls fairly quickly into the 4% range and keeps stepping down to 2.07% at the tenth holding. The gap between the first and tenth names is not extreme, but it is wide enough to show that the portfolio is not built around a single oversized position. Instead, influence is spread across several mid-sized holdings.

The top 10 holdings account for approximately 35.59% of the portfolio, and the scheme has 59 disclosed holdings in total. That combination suggests a fairly extended tail beyond the largest positions, so the disclosed core may matter most, but the full structure is still diversified enough that no one name appears to dominate the fund’s outcome on its own.

To see all holdings, visit the LIC MF Aggressive Hybrid Fund Direct Growth Plan page

Source data date: as of 10 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk exposure and want a hybrid allocation that still behaves with meaningful equity sensitivity. The 3-year and 5-year numbers point to a strategy that has been able to compound over time, but the 1-year return shows that short periods can be less rewarding and more uneven.

It is better matched to a medium- to long-term horizon than to money that may be needed soon. The benchmark comparison suggests the fund has generally done better than the index over longer windows, but the recent year shows that this advantage is not guaranteed in every period. The main trade-off is accepting short-term variability in return in exchange for the chance of steadier compounding over full cycles.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: Nil up to 3 months on units and 1% on the remaining units on or before 3 months. No exit load after the holding period.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of LIC MF Aggressive Hybrid Fund Direct Growth Plan?
The current NAV is ₹233.5636 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 4.32% over 1 year, 11.37% over 3 years and 9.11% over 5 years.

How does the fund compare with the benchmark?
It has done better than Nifty 50 across the 1-year, 3-year and 5-year windows shown here. The gap is most visible over the longer periods, where the fund’s compounding has been stronger.

How does it compare with the peer schemes listed here?
Its 1-year return is below the stronger peer figures in this set, while the 3-year and 5-year returns are more in the middle of the comparison group. The short-term and longer-term pictures are therefore different.

Does this fund have a minimum SIP amount?
No minimum SIP amount is stated here, so we do not present one.

Who manages the fund, and what is the exit load?
The fund is managed by Manoj Bajpai and Pratik Shroff. The exit load is nil up to 3 months on units and 1% on the remaining units on or before 3 months, with no exit load after the holding period.

Bottom line

LIC MF Aggressive Hybrid Fund Direct Growth Plan has a mixed but readable profile: the latest 1-year result is modest, yet the 3-year and 5-year numbers are stronger and sit ahead of the benchmark. Compared with peers, the recent year looks softer, while the longer windows are more respectable. The portfolio also shows a meaningful cash-like first holding and a spread across 59 disclosed positions, which may temper concentration. It is a better fit for investors who can stay invested through uneven stretches and who value longer-term compounding over smooth short-term returns.

Published on 11 September 2026 at 10:03 AM IST

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RIA disclosure

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.