COMPARE
LIC MF Value Fund-Direct Plan-Growth vs Mahindra Manulife Value Fund - Direct Plan - Growth
LIC MF Value Fund- and Mahindra Manulife Value Fund are both in the Value Fund category, from LIC Mutual Fund Asset Management Limited and Mahindra Manulife Investment Management Pvt Ltd respectively. Mahindra Manulife Value Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Mahindra Manulife Value Fund has the lower direct-plan expense ratio, by 0.80 percentage points.
| LIC MF Value Fund-Direct Plan-Growth | Mahindra Manulife Value Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Value Fund | Value Fund |
| AMC | LIC Mutual Fund Asset Management Limited | Mahindra Manulife Investment Management Pvt Ltd |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹29.5286 (2026-10-28) | ₹11.8659 (2026-10-28) |
| AUM | ₹356.863 Cr | ₹995.5 Cr |
| Expense Ratio (Direct) | 1.86% | 1.06% |
| Inception | 2018-07-30 | 2025-02-07 |
Returns
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
LIC MF Value Fund- carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| LIC MF Value Fund-Direct Plan-Growth | Mahindra Manulife Value Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 29.0845 | 18.0122 |
| P/B Ratio | 6.5033 | - |
| Dividend Yield | 0.948% | 1.1377% |
| Active Share | 83.64% | 72.57% |
| Portfolio Turnover | 199% | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Mahindra Manulife Value Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, LIC MF Value Fund- or Mahindra Manulife Value Fund?
Mahindra Manulife Value Fund's direct-plan expense ratio is 0.80 percentage points lower than LIC MF Value Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't LIC MF Value Fund- and Mahindra Manulife Value Fund show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, LIC MF Value Fund- or Mahindra Manulife Value Fund?
Mahindra Manulife Value Fund has ₹996 Cr in assets under management, versus ₹357 Cr for LIC MF Value Fund-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, LIC MF Value Fund- or Mahindra Manulife Value Fund?
LIC MF Value Fund- launched on 2018-07-30, making it older than Mahindra Manulife Value Fund (launched 2025-02-07). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.