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LIC MF Value Fund-Direct Plan-Growth vs NJ Value Fund - Direct Growth
LIC MF Value Fund- and NJ Value Fund are both in the Value Fund category, from LIC Mutual Fund Asset Management Limited and NJ Asset Management Private Limited respectively. LIC MF Value Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
LIC MF Value Fund- has the lower direct-plan expense ratio, by 0.53 percentage points.
| LIC MF Value Fund-Direct Plan-Growth | NJ Value Fund - Direct Growth | |
|---|---|---|
| Category | Value Fund | Value Fund |
| AMC | LIC Mutual Fund Asset Management Limited | NJ Asset Management Private Limited |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹29.5286 (2026-10-28) | ₹9.09 (2026-10-28) |
| AUM | ₹356.863 Cr | ₹214.14 Cr |
| Expense Ratio (Direct) | 1.86% | 2.39% |
| Inception | 2018-07-30 | 2026-07-10 |
Returns
This fund is less than a year old, so there is not yet enough history to calculate rolling returns.
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
| LIC MF Value Fund-Direct Plan-Growth | NJ Value Fund - Direct Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.40 | N/A |
| 3Y Alpha | 5.72% | N/A |
| 3Y Std Deviation | 17.8206% | N/A |
| 3Y Calmar Ratio | 0.56 | N/A |
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 | NJ Value Fund - Direct Growth | |
|---|---|---|
| P/E Ratio | 29.0845 | 14.5655 |
| P/B Ratio | 6.5033 | - |
| Dividend Yield | 0.948% | 2.0324% |
| Active Share | 83.64% | 76.94% |
| Portfolio Turnover | 199% | 0% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
NJ 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 NJ Value Fund?
LIC MF Value Fund-'s direct-plan expense ratio is 0.53 percentage points lower than NJ 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 NJ 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 NJ Value Fund?
LIC MF Value Fund- has ₹357 Cr in assets under management, versus ₹214 Cr for NJ 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 NJ Value Fund?
LIC MF Value Fund- launched on 2018-07-30, making it older than NJ Value Fund (launched 2026-07-10). 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.