| Launch date | 31 Oct 2025 |
| Allotment date | 21 Nov 2025 |
| End date | 14 Nov 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.90%
Inclusive of GST
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹200 |
Fund management
Sumit BhatnagarOct 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #20 in India |
|---|---|
| Total AUM | ₹48,379.12Cr |
| Date of Incorporation | 20 Apr 1994 |
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LIC MF Consumption Fund Direct Growth is a Equity 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 ₹48,379 Cr and the Latest NAV as of 21 May 2026 is ₹9.47. 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 Objective
The Scheme seeks to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies following consumption theme. ;
| Fund benchmark | NIFTY India Consumption Total Return Index |
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