LIC MF Consumption Fund Direct Growth

LIC MF Consumption Fund Direct Growth
Very High Risk
Launch date31 Oct 2025
Allotment date21 Nov 2025
End date14 Nov 2025
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: NAInclusive of GST
Exit loadExit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationNA
Understand terms
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹200
Fund managementSumit Bhatnagar
Oct 2025 - Present
View details
Education
Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience
Prior to joining LIC Mutual Fund. He was assocaited with Indiabulls Mutual Fund he has worked with SEBI.
Also manages these schemes
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Nifty 50 Index Fund Direct Growth
LIC MF BSE Sensex Index Fund Direct Growth
Indiabulls Savings Income Fund Direct Growth
LIC MF Arbitrage Fund Direct Growth
LIC MF Nifty Next 50 Index Fund Direct Growth
LIC MF Equity Savings Fund Direct Growth
LIC MF Gold ETF FoF Direct Growth
LIC MF Focused Fund Direct Growth
LIC MF Value Fund Direct Growth
Karan Doshi
Oct 2025 - Present
View details
Education
Mr. Doshi is a Bachelor of Engineering, MMS (Finance)
Experience
Prior to joining LIC Mutual Fund, he has worked with Subhkam Ventures Pvt. Limited as Equity Analyst.
Also manages these schemes
LIC MF Unit Linked Insurance Scheme Direct IDCW
LIC MF Aggressive Hybrid Fund Direct Growth
LIC MF Flexi Cap Fund Direct Growth
LIC MF Conservative Hybrid Fund Direct Growth
LIC MF Children's Fund Direct Growth
LIC MF Midcap Fund Direct Growth
LIC MF Dividend Yield Fund Direct Growth
LIC MF Healthcare Fund Direct Growth
Fund house & investment objective
LIC Mutual Fund
Rank (total assets)#20 in India
Total AUM₹38,319.17Cr
Date of Incorporation20 Apr 1994
    LIC MF Consumption Fund Direct Growth is a NA Mutual Fund Scheme launched by LIC Mutual Fund.     This scheme was made available to investors on 20 Apr 1994.     Sumit Bhatnagar is the Current Fund Manager of LIC MF Consumption Fund Direct Growth fund.     The fund currently has an Asset Under Management(AUM) of ₹38,319 Cr and     the Latest NAV as of 31 Oct 2025 is ₹10.00.  

    The LIC MF Consumption Fund Direct Growth is rated Very High risk.     Minimum SIP Investment is set to ₹200.     Minimum Lumpsum Investment is ₹5,000.     Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.

  ;
Investment ObjectiveThe Scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following consumption theme. 
 
;
Fund benchmarkNIFTY India Consumption Total Return Index
Scheme Information Document(SID)
Fund house contact details
Address
Industrial Assurance BuildingGround Floor, Opp. Churchgate Station Mumbai 400020
Phone
022-66016177 / 022-66016178
Launch Date
20 Apr 1994
E-mail
[email protected]
Website
www.licmf.com
Peer ComparisonFund nameRating1Y3YFund Size(Cr)
Franklin India Technology Fund Direct Growth
NA
3.3%24.6%1,867.72
HDFC Small Cap Fund Direct Growth
4
3.8%24.2%36,827.67
Nippon India Small Cap Fund Direct Growth
4
-2.4%23.9%66,136.11
Franklin India Small Cap Fund Direct Growth
4
-3.5%22.8%13,265.80
Franklin India Mid Cap Fund Direct Growth
3
4.0%22.7%12,212.71

Rank (total assets)	#20 in India
Total AUM	₹38,319.17Cr

Date of Incorporation	20 Apr 1994

Fund benchmark	NIFTY India Consumption Total Return Index

Fund name	Rating	1Y	3Y	Fund Size(Cr)
Franklin India Technology Fund Direct Growth	NA	3.3%	24.6%	1,867.72
HDFC Small Cap Fund Direct Growth	4	3.8%	24.2%	36,827.67
Nippon India Small Cap Fund Direct Growth	4	-2.4%	23.9%	66,136.11
Franklin India Small Cap Fund Direct Growth	4	-3.5%	22.8%	13,265.80
Franklin India Mid Cap Fund Direct Growth	3	4.0%	22.7%	12,212.71