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 Sep 2026 Comparing Aug 2026 → Sep 2026

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Stocks Held

Sep 2026

Equity Holdings

₹494.35 Cr

Equity only, excl. debt & cash

AAUM

₹679.56 Cr

Jul-Sep 2026 · Direct + Regular

Top 5 Weight

16.9%

Diversified

Top 10 Weight

28.2%

Diversified

Changes

0 new · 1 exits

Top Sector

Banks

8.6% of portfolio

Launch Date

20 Oct 2021

5 years old

AAUM (Average Assets Under Management) of ₹679.56 Cr for Jul-Sep 2026 is the combined figure across Direct and Regular plans — sourced from AMFI India's quarterly disclosure. Equity Holdings above shows only the stock portion from the latest portfolio filing.

📋 What Happened This Month LIC MF Balanced Advantage Fund exited 1 stock from its portfolio this month. SML Mahindra Limited was the biggest exit (Agricultural, Commercial & Construction Vehicles), which was held at 0.20%. Among existing holdings, Indo-MIM Limited saw the biggest increase — now at 2.66% of the portfolio. Shakti Pumps (India) Ltd was trimmed the most, now at 0.54%. ICICI Bank Limited remains the top holding with Banks the dominant sector at 8.6%. ↓ 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

-5.27%

-4.27%

-1.41%

-5.25%

Latest NAV

₹14.02

23 Oct 2026

52W High

₹15.30

-8% from High

52W Low

₹13.48

+4% 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

10.2%

+ve in 92% windows

22.2% / -5.0%

3Y Rolling Avg

11.1% p.a.

+ve in 100% windows

15.8% / 6.4%

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. · CAGR, Sharpe Ratio & Standard Deviation — Mutual Fund Guide →

Sharpe Ratio (3Y)

-0.01

Return per unit of risk. >1 is good.

Sortino Ratio (3Y)

-0.01

Penalises downside volatility only.

Std Deviation (3Y)

8.9%

Lower = more consistent returns.

NAV Chart ₹14.02 23 Oct 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: ₹14.02

Sector Shift Industry allocation month-over-month

Jul 2026 → Aug 2026

Sector	Prev	Curr ▼	Delta
Banks	10.9%	8.8%	▼ -2.1%
Electrical Equipment	9.3%	8.5%	▼ -0.8%
Pharmaceuticals & Biotechnology	8.1%	7.9%	▼ -0.2%
Chemicals & Petrochemicals	8.2%	7.7%	▼ -0.5%
IT - Software	4.4%	7.0%	▲ +2.6%
Industrial Products	5.0%	5.2%	▲ +0.2%
Finance	4.7%	4.6%	▼ -0.1%
Retailing	3.9%	4.1%	▲ +0.2%
Capital Markets	3.8%	3.6%	▼ -0.2%
Construction	2.5%	2.5%	● +0.0%

Aug 2026 → Sep 2026

Sector	Prev	Curr ▼	Delta
Banks	8.8%	8.6%	▼ -0.2%
Electrical Equipment	8.5%	8.2%	▼ -0.2%
Pharmaceuticals & Biotechnology	7.9%	8.0%	● +0.1%
Chemicals & Petrochemicals	7.7%	7.6%	● -0.1%
IT - Software	7.0%	6.5%	▼ -0.4%
Finance	4.6%	4.4%	▼ -0.2%
Retailing	4.1%	4.1%	● +0.1%
Industrial Products	5.2%	4.1%	▼ -1.2%
Capital Markets	3.6%	3.7%	● +0.0%
Industrial Manufacturing	1.8%	2.7%	▲ +0.9%

🔴

Biggest Exit

SML Mahindra Limited

0.20% was held · Agricultural, Commercial & Construction Vehicles

↑

Biggest Add

Indo-MIM Limited

+0.90% · now 2.66%

↓

Biggest Trim

Shakti Pumps (India) Ltd

-0.44% · now 0.54%

👋 Other funds also exited

SML Mahindra Limited 3 funds

What Changed in the Portfolio This Month?

Comparing Aug 2026 → Sep 2026

Aug 2026 → Sep 2026

🔴 1 Exit ↑ 15 Increased ↓ 30 Decreased

#	Stock	Sector	Last Weight (Aug 2026)
1	SML Mahindra Limited ₹1.38 Cr	Agricultural, Commercial & Construction Vehicles	0.20%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Indo-MIM Limited ₹17.39 Cr	Industrial Manufacturing	1.76%	2.66%	+0.90%
2	Divi's Laboratories Limited ₹15.39 Cr	Pharmaceuticals & Biotechnology	2.25%	2.36%	+0.11%
3	Eternal Limited ₹12.80 Cr	Retailing	1.89%	1.96%	+0.07%
4	Multi Commodity Exchange of India Limited ₹13.20 Cr	Capital Markets	1.95%	2.02%	+0.07%
5	SRF Limited ₹10.36 Cr	Chemicals & Petrochemicals	1.54%	1.59%	+0.05%
6	Navin Fluorine International Limited ₹24.49 Cr	Chemicals & Petrochemicals	3.70%	3.75%	+0.05%
7	Siemens Energy India Limited ₹5.60 Cr	Electrical Equipment	0.81%	0.86%	+0.05%
8	UltraTech Cement Limited ₹10.41 Cr	Cement & Cement Products	1.56%	1.59%	+0.03%
9	Schneider Electric Infrastructure Limited ₹4.01 Cr	Electrical Equipment	0.58%	0.61%	+0.03%
10	JSW Steel Limited ₹6.27 Cr	Ferrous Metals	0.94%	0.96%	+0.02%
11	InterGlobe Aviation Limited ₹10.81 Cr	Transport Services	1.63%	1.65%	+0.02%
12	Torrent Pharmaceuticals Limited ₹12.72 Cr	Pharmaceuticals & Biotechnology	1.93%	1.95%	+0.02%
13	Garware Hi-Tech Films Ltd ₹2.79 Cr	Industrial Products	0.41%	0.43%	+0.02%
14	Persistent Systems Limited ₹9.98 Cr	IT - Software	1.52%	1.53%	+0.01%
15	JK Cement Limited ₹2.18 Cr	Cement & Cement Products	0.32%	0.33%	+0.01%

#	Stock	Sector	Aug 2026	Sep 2026	Change
1	Shakti Pumps (India) Ltd ₹3.54 Cr	Industrial Products	0.98%	0.54%	-0.44%
2	Kirloskar Oil Engines Limited ₹9.22 Cr	Industrial Products	1.81%	1.41%	-0.40%
3	PB Fintech Limited ₹3.83 Cr	Financial Technology (Fintech)	0.97%	0.59%	-0.38%
4	KEI Industries Limited ₹10.91 Cr	Industrial Products	2.02%	1.67%	-0.35%
5	Tata Consultancy Services Limited ₹13.12 Cr	IT - Software	2.21%	2.01%	-0.20%
6	Radico Khaitan Limited ₹10.48 Cr	Beverages	1.80%	1.60%	-0.20%
7	Solar Industries India Limited ₹14.48 Cr	Chemicals & Petrochemicals	2.41%	2.22%	-0.19%
8	ICICI Bank Limited ₹35.17 Cr	Banks	5.56%	5.38%	-0.18%
9	Sirca Paints India Limited ₹5.20 Cr	Consumer Durables	0.98%	0.80%	-0.18%
10	Shriram Finance Limited ₹14.74 Cr	Finance	2.39%	2.26%	-0.13%
11	Coforge Limited ₹13.12 Cr	IT - Software	2.14%	2.01%	-0.13%
12	Quality Power Electrical Eqp Ltd ₹3.55 Cr	Electrical Equipment	0.67%	0.54%	-0.13%
13	Oracle Financial Services Software Limited ₹6.48 Cr	IT - Software	1.10%	0.99%	-0.11%
14	Thermax Limited ₹9.33 Cr	Electrical Equipment	1.54%	1.43%	-0.11%
15	Bajaj Finance Limited ₹13.93 Cr	Finance	2.21%	2.13%	-0.08%
16	Sun Pharmaceutical Industries Limited ₹17.59 Cr	Pharmaceuticals & Biotechnology	2.76%	2.69%	-0.07%
17	Mahindra & Mahindra Limited ₹9.26 Cr	Automobiles	1.48%	1.42%	-0.06%
18	National Aluminium Company Limited ₹6.14 Cr	Non - Ferrous Metals	0.99%	0.94%	-0.05%
19	Hitachi Energy India Limited ₹9.80 Cr	Electrical Equipment	1.55%	1.50%	-0.05%
20	Eicher Motors Limited ₹5.61 Cr	Automobiles	0.90%	0.86%	-0.04%
21	Apollo Hospitals Enterprise Limited ₹9.83 Cr	Healthcare Services	1.54%	1.50%	-0.04%
22	Nippon Life India Asset Management Limited ₹10.70 Cr	Capital Markets	1.68%	1.64%	-0.04%
23	Larsen & Toubro Limited ₹16.09 Cr	Construction	2.49%	2.46%	-0.03%
24	Hindalco Industries Limited ₹7.78 Cr	Non - Ferrous Metals	1.21%	1.19%	-0.02%
25	AU Small Finance Bank Limited ₹14.90 Cr	Banks	2.30%	2.28%	-0.02%
26	Info Edge (India) Limited ₹14.12 Cr	Retailing	2.18%	2.16%	-0.02%
27	Endurance Technologies Limited ₹9.20 Cr	Auto Components	1.43%	1.41%	-0.02%
28	CG Power and Industrial Solutions Limited ₹10.76 Cr	Electrical Equipment	1.66%	1.65%	-0.01%
29	Aster DM Healthcare Limited ₹3.76 Cr	Healthcare Services	0.59%	0.58%	-0.01%
30	Neuland Laboratories Limited ₹6.19 Cr	Pharmaceuticals & Biotechnology	0.96%	0.95%	-0.01%

What Stocks Does This Fund Hold?

47 stocks — Sep 2026

#	Stock	Sector	Weight & Value
1	ICICI Bank Limited ₹35.17 Cr	Banks	5.38%
2	Navin Fluorine International Limited ₹24.49 Cr	Chemicals & Petrochemicals	3.75%
3	Sun Pharmaceutical Industries Limited ₹17.59 Cr	Pharmaceuticals & Biotechnology	2.69%
4	Indo-MIM Limited ₹17.39 Cr	Industrial Manufacturing	2.66%
5	Larsen & Toubro Limited ₹16.09 Cr	Construction	2.46%
6	Divi's Laboratories Limited ₹15.39 Cr	Pharmaceuticals & Biotechnology	2.36%
7	AU Small Finance Bank Limited ₹14.90 Cr	Banks	2.28%
8	Shriram Finance Limited ₹14.74 Cr	Finance	2.26%
9	Solar Industries India Limited ₹14.48 Cr	Chemicals & Petrochemicals	2.22%
10	Info Edge (India) Limited ₹14.12 Cr	Retailing	2.16%
11	Bajaj Finance Limited ₹13.93 Cr	Finance	2.13%
12	Multi Commodity Exchange of India Limited ₹13.20 Cr	Capital Markets	2.02%
13	Coforge Limited ₹13.12 Cr	IT - Software	2.01%
14	Tata Consultancy Services Limited ₹13.12 Cr	IT - Software	2.01%
15	Eternal Limited ₹12.80 Cr	Retailing	1.96%
16	Torrent Pharmaceuticals Limited ₹12.72 Cr	Pharmaceuticals & Biotechnology	1.95%
17	KEI Industries Limited ₹10.91 Cr	Industrial Products	1.67%
18	InterGlobe Aviation Limited ₹10.81 Cr	Transport Services	1.65%
19	CG Power and Industrial Solutions Limited ₹10.76 Cr	Electrical Equipment	1.65%
20	Bharat Heavy Electricals Limited ₹10.80 Cr	Electrical Equipment	1.65%
21	Nippon Life India Asset Management Limited ₹10.70 Cr	Capital Markets	1.64%
22	Radico Khaitan Limited ₹10.48 Cr	Beverages	1.60%
23	UltraTech Cement Limited ₹10.41 Cr	Cement & Cement Products	1.59%
24	SRF Limited ₹10.36 Cr	Chemicals & Petrochemicals	1.59%
25	Persistent Systems Limited ₹9.98 Cr	IT - Software	1.53%
26	Hitachi Energy India Limited ₹9.80 Cr	Electrical Equipment	1.50%
27	Apollo Hospitals Enterprise Limited ₹9.83 Cr	Healthcare Services	1.50%
28	Thermax Limited ₹9.33 Cr	Electrical Equipment	1.43%
29	Mahindra & Mahindra Limited ₹9.26 Cr	Automobiles	1.42%
30	Endurance Technologies Limited ₹9.20 Cr	Auto Components	1.41%
31	Kirloskar Oil Engines Limited ₹9.22 Cr	Industrial Products	1.41%
32	Hindalco Industries Limited ₹7.78 Cr	Non - Ferrous Metals	1.19%
33	Oracle Financial Services Software Limited ₹6.48 Cr	IT - Software	0.99%
34	Karur Vysya Bank Limited ₹6.32 Cr	Banks	0.97%
35	JSW Steel Limited ₹6.27 Cr	Ferrous Metals	0.96%
36	Neuland Laboratories Limited ₹6.19 Cr	Pharmaceuticals & Biotechnology	0.95%
37	National Aluminium Company Limited ₹6.14 Cr	Non - Ferrous Metals	0.94%
38	Eicher Motors Limited ₹5.61 Cr	Automobiles	0.86%
39	Siemens Energy India Limited ₹5.60 Cr	Electrical Equipment	0.86%
40	Sirca Paints India Limited ₹5.20 Cr	Consumer Durables	0.80%
41	Schneider Electric Infrastructure Limited ₹4.01 Cr	Electrical Equipment	0.61%
42	PB Fintech Limited ₹3.83 Cr	Financial Technology (Fintech)	0.59%
43	Aster DM Healthcare Limited ₹3.76 Cr	Healthcare Services	0.58%
44	Shakti Pumps (India) Ltd ₹3.54 Cr	Industrial Products	0.54%
45	Quality Power Electrical Eqp Ltd ₹3.55 Cr	Electrical Equipment	0.54%
46	Garware Hi-Tech Films Ltd ₹2.79 Cr	Industrial Products	0.43%
47	JK Cement Limited ₹2.18 Cr	Cement & Cement Products	0.33%