What stocks does LIC MF Balanced Advantage Fund hold?

LIC MF Balanced Advantage Fund holds a portfolio of Indian equity stocks disclosed monthly by Lic Mutual Fund to AMFI. The complete current holdings with weights and month-over-month changes are available on this page. Data is sourced from official AMFI portfolio disclosures.

Which AMC manages LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is managed by Lic Mutual Fund, a SEBI-registered Asset Management Company in India.

What category is LIC MF Balanced Advantage Fund?

LIC MF Balanced Advantage Fund is classified as a Balanced Advantage mutual fund under SEBI's mutual fund categorisation framework.

How often is LIC MF Balanced Advantage Fund portfolio data updated?

Portfolio holdings for LIC MF Balanced Advantage Fund are updated monthly. SEBI mandates all AMCs to disclose their complete portfolio within 10 days of each month end. RightAdvise sources this data directly from official AMFI portfolio disclosures.

← Lic Mutual Fund

LIC MF Balanced Advantage Fund-Direct Plan-Growth

Balanced Advantage Data as of May 2026 Comparing Apr 2026 → May 2026

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Stocks Held

May 2026

Equity Holdings

₹488.82 Cr

Equity only, excl. debt & cash

Top 5 Weight

18.4%

Diversified

Top 10 Weight

28.7%

Diversified

Changes

14 new · 30 exits

Top Sector

Banks

14.1% of portfolio

📋 What Happened This Month LIC MF Balanced Advantage Fund made 14 new additions and exited 30 stocks this month. The biggest new buy was Navin Fluorine International Limited (Chemicals & Petrochemicals) at 3.90% weight. Reliance Industries Limited was the biggest exit (Petroleum Products), which was held at 4.72%. Among existing holdings, Divi's Laboratories Limited saw the biggest increase — now at 2.08% of the portfolio. HDFC Bank Limited was trimmed the most, now at 4.83%. HDFC Bank Limited remains the top holding with Banks the dominant sector at 14.1%. ↓ Scroll down for full holdings, sector allocation and month-on-month changes in detail.

How Has the NAV Performed?

1 year history · LIC MF Balanced Advantage Fund-Direct Plan-Growth

+2.15%

+6.59%

-0.80%

-1.57%

Latest NAV

₹14.56

24 Jun 2026

52W High

₹14.89

-2% from High

52W Low

₹13.10

+11% from Low

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025

+4.8%

2024

+13.9%

2023

+15.2%

2022

+7.3%

Rolling Returns

Performance across every possible investment start date.

1Y Rolling Avg

11.1%

+ve in 96% windows

22.2% / -5.0%

3Y Rolling Avg

11.7% p.a.

+ve in 100% windows

15.8% / 7.9%

Crisis Period Behaviour

"Pre-inception" = fund didn't exist during that period.

2024–25 Tariff

-8.3%

Rec: May 2025 (3 mo)

COVID-19 Crash

Pre-inception

Rec: N/A

2022 Rate Hike

-6.6%

Rec: Jul 2022 (2 mo)

2018 IL&FS

Pre-inception

Rec: N/A

Risk Ratios

3 years daily NAV · Risk-free rate 6.5% p.a. What do these mean? →

Sharpe Ratio (3Y)

0.32

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

0.46

Penalises downside volatility only.

Std Deviation (3Y)

8.4%

Lower = more consistent returns.

NAV Chart ₹14.56 24 Jun 2026

Simple Moving Avg: Click to draw · click again to remove

LIC MF Balanced Advantage Fund-Direct Plan-Growth

Chart shows indexed performance (base = 100). Actual NAV: ₹14.56

Sector Shift Industry allocation month-over-month

Mar 2026 → Apr 2026

Sector	Prev	Curr ▼	Delta
Banks	19.5%	19.9%	▲ +0.4%
IT - Software	7.3%	7.3%	● +0.0%
Finance	5.2%	5.7%	▲ +0.5%
Petroleum Products	4.6%	4.7%	● +0.1%
Pharmaceuticals & Biotechnology	4.2%	4.1%	▼ -0.2%
Construction	3.4%	3.9%	▲ +0.5%
Industrial Products	3.2%	3.6%	▲ +0.5%
Power	2.9%	3.2%	▲ +0.2%
Cement & Cement Products	2.5%	2.6%	● +0.1%
Telecom - Services	2.5%	2.6%	● +0.1%

Apr 2026 → May 2026

Sector	Prev	Curr ▼	Delta
Banks	19.9%	14.1%	▼ -5.8%
Electrical Equipment	0.9%	7.8%	▲ +6.9%
Chemicals & Petrochemicals	0.9%	7.7%	▲ +6.8%
Pharmaceuticals & Biotechnology	4.1%	7.2%	▲ +3.2%
Finance	5.7%	4.4%	▼ -1.3%
IT - Software	7.3%	4.3%	▼ -3.1%
Industrial Products	3.6%	3.7%	● +0.1%
Construction	3.9%	3.3%	▼ -0.5%
Power	3.2%	3.0%	▼ -0.1%
Telecom - Services	2.6%	2.7%	▲ +0.1%

🟢

Biggest New Buy

Navin Fluorine International Limited

3.90% weight · Chemicals & Petrochemicals

🔴

Biggest Exit

Reliance Industries Limited

4.72% was held · Petroleum Products

↑

Biggest Add

Divi's Laboratories Limited

+1.88% · now 2.08%

↓

Biggest Trim

HDFC Bank Limited

-2.85% · now 4.83%

🤝 Other funds also bought this month

Shriram Finance Limited 35 funds

CG Power and Industrial Solutions Limited 27 funds

Bharat Heavy Electricals Limited 26 funds

Coforge Limited 26 funds

Multi Commodity Exchange of India Limited 26 funds

Solar Industries India Limited 26 funds

👋 Other funds also exited

State Bank of India 29 funds

ITC Limited 22 funds

Tata Consultancy Services Limited 21 funds

Infosys Limited 19 funds

Tata Motors Ltd 19 funds

Reliance Industries Limited 17 funds

What Changed in the Portfolio This Month?

Comparing Apr 2026 → May 2026

Apr 2026 → May 2026

🟢 14 New Entries 🔴 30 Exits ↑ 24 Increased ↓ 17 Decreased

#	Stock	Sector	Weight (May 2026)
1	Navin Fluorine International Limited ₹26.38 Cr	Chemicals & Petrochemicals	3.90%
2	Thermax Limited ₹13.70 Cr	Electrical Equipment	2.03%
3	Solar Industries India Limited ₹12.77 Cr	Chemicals & Petrochemicals	1.89%
4	Hitachi Energy India Limited ₹11.53 Cr	Electrical Equipment	1.71%
5	CG Power and Industrial Solutions Limited ₹11.47 Cr	Electrical Equipment	1.70%
6	Bharat Heavy Electricals Limited ₹10.84 Cr	Electrical Equipment	1.60%
7	Nippon Life India Asset Management Limited ₹9.74 Cr	Capital Markets	1.44%
8	AU Small Finance Bank Limited ₹9.60 Cr	Banks	1.42%
9	Coforge Limited ₹9.60 Cr	IT - Software	1.42%
10	Shriram Finance Limited ₹9.47 Cr	Finance	1.40%
11	Persistent Systems Limited ₹6.88 Cr	IT - Software	1.02%
12	JSW Steel Limited ₹6.39 Cr	Ferrous Metals	0.95%
13	Siemens Energy India Limited ₹4.94 Cr	Electrical Equipment	0.73%
14	Multi Commodity Exchange of India Limited ₹4.43 Cr	Capital Markets	0.66%

#	Stock	Sector	Last Weight (Apr 2026)
1	Reliance Industries Limited ₹32.17 Cr	Petroleum Products	4.72%
2	State Bank of India ₹29.37 Cr	Banks	4.31%
3	Tata Consultancy Services Limited ₹23.80 Cr	IT - Software	3.49%
4	Infosys Limited ₹13.91 Cr	IT - Software	2.04%
5	ICICI Lombard General Insurance Company Limited ₹8.55 Cr	Insurance	1.26%
6	Mas Financial Services Limited ₹8.00 Cr	Finance	1.17%
7	Orkla India Ltd ₹7.79 Cr	Food Products	1.14%
8	Manorama Industries Ltd ₹7.69 Cr	Food Products	1.13%
9	Bharat Bijlee Ltd. ₹6.01 Cr	Electrical Equipment	0.88%
10	ITC Limited ₹5.83 Cr	Diversified FMCG	0.86%
11	Lodha Developers Limited ₹4.71 Cr	Realty	0.69%
12	SBI Cards and Payment Services Limited ₹4.40 Cr	Finance	0.65%
13	Mahanagar Gas Limited ₹4.07 Cr	Gas	0.60%
14	Abbott India Limited ₹3.71 Cr	Pharmaceuticals & Biotechnology	0.54%
15	Birla Corporation Limited ₹3.60 Cr	Cement & Cement Products	0.53%
16	Moil Limtied ₹3.07 Cr	Minerals & Mining	0.45%
17	Grasim Industries Limited ₹3.06 Cr	Cement & Cement Products	0.45%
18	L&T Technology Services Limited ₹2.87 Cr	IT - Services	0.42%
19	HDFC Life Insurance Company Limited ₹2.32 Cr	Insurance	0.34%
20	CRISIL Limited ₹2.09 Cr	Finance	0.31%
21	Cholamandalam Investment and Finance Company Ltd ₹1.98 Cr	Finance	0.29%
22	Sundram Fasteners Limited ₹1.84 Cr	Auto Components	0.27%
23	Pfizer Limited ₹1.33 Cr	Pharmaceuticals & Biotechnology	0.20%
24	Godrej Properties Limited ₹94.79 L	Realty	0.14%
25	Prestige Estates Projects Limited ₹90.47 L	Realty	0.13%
26	DCB Bank Limited ₹82.02 L	Banks	0.12%
27	JK Lakshmi Cement Limited ₹74.52 L	Cement & Cement Products	0.11%
28	Tata Motors Ltd ₹52.98 L	Agricultural, Commercial & Construction Vehicles	0.08%
29	Hindustan Aeronautics Limited ₹9.02 L	Aerospace & Defense	0.01%
30	Jindal Stainless Limited ₹0.01 L	Ferrous Metals	0.00%

#	Stock	Sector	Apr 2026	May 2026	Change
1	Divi's Laboratories Limited ₹14.07 Cr	Pharmaceuticals & Biotechnology	0.20%	2.08%	+1.88%
2	Torrent Pharmaceuticals Limited ₹11.69 Cr	Pharmaceuticals & Biotechnology	0.40%	1.73%	+1.33%
3	SRF Limited ₹13.18 Cr	Chemicals & Petrochemicals	0.91%	1.95%	+1.04%
4	Sun Pharmaceutical Industries Limited ₹17.42 Cr	Pharmaceuticals & Biotechnology	1.56%	2.58%	+1.02%
5	Garware Hi-Tech Films Ltd ₹15.68 Cr	Industrial Products	1.51%	2.32%	+0.81%
6	Endurance Technologies Limited ₹4.53 Cr	Auto Components	0.23%	0.67%	+0.44%
7	Tata Communications Limited ₹5.26 Cr	Telecom - Services	0.62%	0.78%	+0.16%
8	Hindalco Industries Limited ₹9.31 Cr	Non - Ferrous Metals	1.26%	1.38%	+0.12%
9	Tata Motors Passenger Vehicles Limited ₹3.57 Cr	Automobiles	0.46%	0.53%	+0.07%
10	Larsen & Toubro Limited ₹17.45 Cr	Construction	2.52%	2.58%	+0.06%
11	Axis Bank Limited ₹10.47 Cr	Banks	1.51%	1.55%	+0.04%
12	Tata Consumer Products Limited ₹8.13 Cr	Agricultural Food & other Products	1.16%	1.20%	+0.04%
13	Oracle Financial Services Software Limited ₹6.07 Cr	IT - Software	0.87%	0.90%	+0.03%
14	InterGlobe Aviation Limited ₹4.71 Cr	Transport Services	0.67%	0.70%	+0.03%
15	Aditya Birla Capital Limited ₹3.62 Cr	Finance	0.51%	0.54%	+0.03%
16	Gabriel India Limited ₹2.54 Cr	Auto Components	0.35%	0.38%	+0.03%
17	Apollo Hospitals Enterprise Limited ₹2.48 Cr	Healthcare Services	0.34%	0.37%	+0.03%
18	ICICI Bank Limited ₹30.70 Cr	Banks	4.53%	4.55%	+0.02%
19	Kotak Mahindra Bank Limited ₹11.10 Cr	Banks	1.63%	1.64%	+0.01%
20	CreditAccess Grameen Limited ₹3.62 Cr	Finance	0.53%	0.54%	+0.01%
21	Tech Mahindra Limited ₹3.37 Cr	IT - Software	0.49%	0.50%	+0.01%
22	Godfrey Phillips India Limited ₹2.75 Cr	Cigarettes & Tobacco Products	0.40%	0.41%	+0.01%
23	K.P.R. Mill Limited ₹1.97 Cr	Textiles & Apparels	0.28%	0.29%	+0.01%
24	360 One WAM Limited ₹72.30 L	Capital Markets	0.10%	0.11%	+0.01%

#	Stock	Sector	Apr 2026	May 2026	Change
1	HDFC Bank Limited ₹32.60 Cr	Banks	7.68%	4.83%	-2.85%
2	Swaraj Engines Limited ₹56.09 L	Industrial Products	0.74%	0.08%	-0.66%
3	ISGEC HEAVY ENGINEERING LIMITED ₹54.75 L	Construction	0.53%	0.08%	-0.45%
4	IPCA Laboratories Limited ₹5.61 Cr	Pharmaceuticals & Biotechnology	1.17%	0.83%	-0.34%
5	TVS HOLDINGS LIMTED ₹67.37 L	Finance	0.34%	0.10%	-0.24%
6	Techno Electric & Engineering Company Limited ₹4.61 Cr	Construction	0.81%	0.68%	-0.13%
7	Shakti Pumps (India) Ltd ₹8.80 Cr	Industrial Products	1.39%	1.30%	-0.09%
8	Power Finance Corporation Limited ₹11.03 Cr	Finance	1.69%	1.63%	-0.06%
9	Tata Power Company Limited ₹9.44 Cr	Power	1.46%	1.40%	-0.06%
10	NTPC Limited ₹8.77 Cr	Power	1.33%	1.30%	-0.03%
11	Bharti Airtel Limited ₹8.21 Cr	Telecom - Services	1.24%	1.21%	-0.03%
12	Titan Company Limited ₹2.57 Cr	Consumer Durables	0.41%	0.38%	-0.03%
13	Power Grid Corporation of India Limited ₹2.26 Cr	Power	0.36%	0.34%	-0.02%
14	Tata Steel Limited ₹10.45 Cr	Ferrous Metals	1.56%	1.55%	-0.01%
15	Mahindra & Mahindra Limited ₹6.62 Cr	Automobiles	0.99%	0.98%	-0.01%
16	Bharti Hexacom Limited ₹4.88 Cr	Telecom - Services	0.73%	0.72%	-0.01%
17	Bajaj Finance Limited ₹1.38 Cr	Finance	0.21%	0.20%	-0.01%

What Stocks Does This Fund Hold?

62 stocks — May 2026

#	Stock	Sector	Weight & Value
1	HDFC Bank Limited ₹32.60 Cr	Banks	4.83%
2	ICICI Bank Limited ₹30.70 Cr	Banks	4.55%
3	Navin Fluorine International Limited ₹26.38 Cr	Chemicals & Petrochemicals	3.90%
4	Larsen & Toubro Limited ₹17.45 Cr	Construction	2.58%
5	Sun Pharmaceutical Industries Limited ₹17.42 Cr	Pharmaceuticals & Biotechnology	2.58%
6	Garware Hi-Tech Films Ltd ₹15.68 Cr	Industrial Products	2.32%
7	Divi's Laboratories Limited ₹14.07 Cr	Pharmaceuticals & Biotechnology	2.08%
8	Thermax Limited ₹13.70 Cr	Electrical Equipment	2.03%
9	SRF Limited ₹13.18 Cr	Chemicals & Petrochemicals	1.95%
10	Solar Industries India Limited ₹12.77 Cr	Chemicals & Petrochemicals	1.89%
11	Torrent Pharmaceuticals Limited ₹11.69 Cr	Pharmaceuticals & Biotechnology	1.73%
12	Hitachi Energy India Limited ₹11.53 Cr	Electrical Equipment	1.71%
13	CG Power and Industrial Solutions Limited ₹11.47 Cr	Electrical Equipment	1.70%
14	Kotak Mahindra Bank Limited ₹11.10 Cr	Banks	1.64%
15	Power Finance Corporation Limited ₹11.03 Cr	Finance	1.63%
16	Bharat Heavy Electricals Limited ₹10.84 Cr	Electrical Equipment	1.60%
17	Tata Steel Limited ₹10.45 Cr	Ferrous Metals	1.55%
18	Axis Bank Limited ₹10.47 Cr	Banks	1.55%
19	Nippon Life India Asset Management Limited ₹9.74 Cr	Capital Markets	1.44%
20	AU Small Finance Bank Limited ₹9.60 Cr	Banks	1.42%
21	Coforge Limited ₹9.60 Cr	IT - Software	1.42%
22	Shriram Finance Limited ₹9.47 Cr	Finance	1.40%
23	Tata Power Company Limited ₹9.44 Cr	Power	1.40%
24	Hindalco Industries Limited ₹9.31 Cr	Non - Ferrous Metals	1.38%
25	Shakti Pumps (India) Ltd ₹8.80 Cr	Industrial Products	1.30%
26	NTPC Limited ₹8.77 Cr	Power	1.30%
27	Bharti Airtel Limited ₹8.21 Cr	Telecom - Services	1.21%
28	Tata Consumer Products Limited ₹8.13 Cr	Agricultural Food & other Products	1.20%
29	UltraTech Cement Limited ₹8.04 Cr	Cement & Cement Products	1.19%
30	Persistent Systems Limited ₹6.88 Cr	IT - Software	1.02%
31	Mahindra & Mahindra Limited ₹6.62 Cr	Automobiles	0.98%
32	JSW Steel Limited ₹6.39 Cr	Ferrous Metals	0.95%
33	Oracle Financial Services Software Limited ₹6.07 Cr	IT - Software	0.90%
34	IPCA Laboratories Limited ₹5.61 Cr	Pharmaceuticals & Biotechnology	0.83%
35	Tata Communications Limited ₹5.26 Cr	Telecom - Services	0.78%
36	Siemens Energy India Limited ₹4.94 Cr	Electrical Equipment	0.73%
37	Bharti Hexacom Limited ₹4.88 Cr	Telecom - Services	0.72%
38	InterGlobe Aviation Limited ₹4.71 Cr	Transport Services	0.70%
39	Techno Electric & Engineering Company Limited ₹4.61 Cr	Construction	0.68%
40	Endurance Technologies Limited ₹4.53 Cr	Auto Components	0.67%
41	Multi Commodity Exchange of India Limited ₹4.43 Cr	Capital Markets	0.66%
42	Aditya Birla Capital Limited ₹3.62 Cr	Finance	0.54%
43	CreditAccess Grameen Limited ₹3.62 Cr	Finance	0.54%
44	Tata Motors Passenger Vehicles Limited ₹3.57 Cr	Automobiles	0.53%
45	Tech Mahindra Limited ₹3.37 Cr	IT - Software	0.50%
46	Godfrey Phillips India Limited ₹2.75 Cr	Cigarettes & Tobacco Products	0.41%
47	Gabriel India Limited ₹2.54 Cr	Auto Components	0.38%
48	Titan Company Limited ₹2.57 Cr	Consumer Durables	0.38%
49	Apollo Hospitals Enterprise Limited ₹2.48 Cr	Healthcare Services	0.37%
50	Power Grid Corporation of India Limited ₹2.26 Cr	Power	0.34%
51	JK Cement Limited ₹2.22 Cr	Cement & Cement Products	0.33%
52	K.P.R. Mill Limited ₹1.97 Cr	Textiles & Apparels	0.29%
53	Maruti Suzuki India Limited ₹1.83 Cr	Automobiles	0.27%
54	Eicher Motors Limited ₹1.76 Cr	Automobiles	0.26%
55	HCL Technologies Limited ₹1.66 Cr	IT - Software	0.25%
56	Bajaj Finance Limited ₹1.38 Cr	Finance	0.20%
57	Mphasis Limited ₹1.30 Cr	IT - Software	0.19%
58	Karur Vysya Bank Limited ₹85.45 L	Banks	0.13%
59	360 One WAM Limited ₹72.30 L	Capital Markets	0.11%
60	TVS HOLDINGS LIMTED ₹67.37 L	Finance	0.10%
61	Swaraj Engines Limited ₹56.09 L	Industrial Products	0.08%
62	ISGEC HEAVY ENGINEERING LIMITED ₹54.75 L	Construction	0.08%