LIC MF Multi Cap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹18.58+0.58%1 day
- Return since launch
- 16.4%
- 52-week range
- ₹15.01 — ₹18.93
- AUM
- ₹2,187 Cr
LIC MF Multi Cap Fund is a Multi Cap equity fund from LIC Mutual Fund with ₹2,187 Cr under management, launched in 2022. Over three years it has returned 10.2% a year, against 13.7% for its category. The expense ratio is 2.14% and the SEBI riskometer reading is Very High.
Performance
LIC MF Multi Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.7% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 12.8% | +8.2 pts | 4.6% | 7.5% |
| 2Y | 9.6% | +2.5 pts | 7.1% | 4.7% |
| 3Y | 10.2% | −3.5 pts | 13.7% | 5.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.4% | −0.2 pts | 4.6% | 5.1% |
| 3M | -0.5% | +0.4 pts | -0.9% | -0.7% |
| 6M | 7.5% | +1.7 pts | 5.8% | 5.1% |
| 1Y | 7.0% | +2.4 pts | 4.6% | 0.4% |
| 2Y | 5.3% | +1.6 pts | 3.7% | 1.5% |
| 3Y | 16.3% | +2.6 pts | 13.7% | 11.7% |
Since launch (6 Oct 2022): 16.4%
Calendar-year returns
Category average30.7%
32.0%
1.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.2% | −2.4 pts | 3.6% |
| 2024 | 32.0% | +6.9 pts | 25.0% |
| 2023 | 30.7% | −3.7 pts | 34.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.15%
Expense ratio as on 7 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.73%
- Brokerage
- 0.08%
- Transaction charges
- 0.00%
- Statutory levies
- 0.34%
- Exit load
- Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty 500 Multicap 50:25:25 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 6.21 | 6.66 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.02 | 0.93 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.57 | 0.64 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.75 | 0.88 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 18.13 | 16.37 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
LIC MF Multi Cap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity93.5%
- Other6.5%
Market cap split
- Large40.3%
- Mid31.9%
- Small27.8%
- P/E
- 30.71
- P/B
- 4.41
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.48% | ₹142 Cr | -0.41% | -0.63% | -1.28% |
| Garware Hi-Tech Films Ltd. | Materials | 3.96% | ₹86.72 Cr | +3.88% | +2.16% | +2.10% |
| ICICI Bank Ltd. | Financial | 3.33% | ₹72.85 Cr | +3.11% | +2.62% | +2.36% |
| Avalon Technologies Ltd. | Capital Goods | 3.05% | ₹66.61 Cr | +2.96% | +1.87% | +2.26% |
| Kotak Mahindra Bank Ltd. | Financial | 2.86% | ₹62.45 Cr | +2.58% | +1.61% | +2.04% |
| HDFC Bank Ltd. | Financial | 2.78% | ₹60.73 Cr | +3.35% | +3.62% | +3.97% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.38% | ₹52.04 Cr | +1.62% | — | — |
| Eternal Ltd. | Services | 2.23% | ₹48.76 Cr | +1.53% | +1.19% | +1.63% |
| LG Electronics India Ltd. | Consumer Discretionary | 2.22% | ₹48.47 Cr | +1.30% | +1.03% | — |
| Hyundai Motor India Ltd. | Automobile | 2.21% | ₹48.40 Cr | — | — | — |
| One 97 Communications Ltd. | Services | 2.14% | ₹46.89 Cr | +1.43% | +1.25% | +1.12% |
| Axis Bank Ltd. | Financial | 2.05% | ₹44.88 Cr | +2.41% | +2.14% | +2.00% |
| SRF Ltd. | Chemicals | 1.90% | ₹41.61 Cr | +1.52% | +1.23% | +1.11% |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 1.83% | ₹40.10 Cr | +1.74% | +1.28% | +1.55% |
| JSW Infrastructure Ltd. | Services | 1.80% | ₹39.46 Cr | +1.75% | +1.52% | — |
| Manorama Industries Ltd. | Consumer Staples | 1.69% | ₹37.06 Cr | +1.62% | +1.16% | +1.25% |
| Tata Motors Ltd. | Automobile | 1.64% | ₹35.83 Cr | +1.34% | +1.32% | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.62% | ₹35.34 Cr | +1.77% | +1.54% | +1.33% |
| Abbott India Ltd. | Healthcare | 1.57% | ₹34.36 Cr | +1.43% | +1.61% | — |
| Bharat Forge Ltd. | Automobile | 1.56% | ₹34.15 Cr | +1.86% | +1.82% | +1.27% |
| Tata Communications Ltd. | Communication | 1.56% | ₹34.14 Cr | +1.36% | — | — |
| Interglobe Aviation Ltd. | Services | 1.53% | ₹33.56 Cr | +1.77% | +1.16% | +0.94% |
| Oil India Ltd. | Energy | 1.53% | ₹33.38 Cr | +1.16% | +1.41% | +0.55% |
| JSW Steel Ltd. | Metals & Mining | 1.52% | ₹33.30 Cr | +1.19% | — | — |
| Azad Engineering Ltd. | Capital Goods | 1.52% | ₹33.20 Cr | +1.13% | +0.84% | +0.64% |
| TVS Motor Company Ltd. | Automobile | 1.49% | ₹32.62 Cr | +1.35% | +1.43% | +1.00% |
| Pidilite Industries Ltd. | Chemicals | 1.47% | ₹32.13 Cr | +1.71% | +1.13% | — |
| HDFC Asset Management Company Ltd. | Financial | 1.44% | ₹31.42 Cr | +0.78% | — | — |
| The Federal Bank Ltd. | Financial | 1.43% | ₹31.32 Cr | +1.59% | +1.25% | +0.77% |
| Grasim Industries Ltd. | Materials | 1.42% | ₹31.15 Cr | +1.54% | +1.41% | +1.46% |
| Shriram Finance Ltd | Financial | 1.36% | ₹29.83 Cr | +1.55% | +1.62% | +1.46% |
| PB Fintech Ltd. | Services | 1.34% | ₹29.40 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 1.34% | ₹29.31 Cr | +1.64% | +1.49% | +1.28% |
| Mahindra & Mahindra Ltd. | Automobile | 1.34% | ₹29.30 Cr | +1.19% | +1.44% | +1.60% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.34% | ₹29.27 Cr | +1.62% | +1.26% | +1.18% |
| State Bank of India | Financial | 1.33% | ₹29.18 Cr | +1.53% | +1.82% | +1.56% |
| BSE Ltd. | Services | 1.33% | ₹29.07 Cr | +1.25% | +0.52% | +0.54% |
| Samvardhana Motherson International Ltd. | Automobile | 1.30% | ₹28.36 Cr | +1.26% | +0.92% | +0.89% |
| Tata Consultancy Services Ltd. | Technology | 1.28% | ₹28.03 Cr | +1.36% | +1.80% | +1.73% |
| Navin Fluorine International Ltd. | Chemicals | 1.28% | ₹27.99 Cr | +1.28% | — | — |
| Bharti Hexacom Ltd. | Communication | 1.26% | ₹27.58 Cr | +1.41% | +1.79% | +1.66% |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 1.26% | ₹27.46 Cr | +1.11% | +0.88% | +1.05% |
| Prestige Estates Projects Ltd. | Construction | 1.24% | ₹27.20 Cr | +1.41% | +1.17% | +1.21% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.22% | ₹26.64 Cr | +1.22% | +0.66% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.18% | ₹25.80 Cr | +1.37% | +1.58% | +2.08% |
| Shakti Pumps (India) Ltd. | Capital Goods | 1.18% | ₹25.71 Cr | +1.59% | +1.57% | +2.68% |
| Arvind Fashions Ltd. | Textiles | 1.16% | ₹25.36 Cr | +1.41% | +1.14% | +1.44% |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.14% | ₹24.83 Cr | +1.08% | +0.61% | — |
| Marico Ltd. | Consumer Staples | 1.11% | ₹24.38 Cr | +1.27% | +1.26% | — |
| Saregama India Ltd. | Services | 1.09% | ₹23.87 Cr | +0.99% | +0.80% | +1.13% |
| UNO Minda Ltd. | Automobile | 1.07% | ₹23.49 Cr | +1.07% | +1.27% | +1.24% |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.05% | ₹22.97 Cr | +1.34% | +1.39% | — |
| Carraro India Ltd. | Capital Goods | 1.05% | ₹22.95 Cr | +1.14% | +1.09% | +0.70% |
| Persistent Systems Ltd. | Technology | 1.03% | ₹22.50 Cr | +1.24% | — | — |
| Swiggy Ltd. | Services | 0.99% | ₹21.61 Cr | — | — | — |
| Kennametal India Ltd. | Capital Goods | 0.97% | ₹21.32 Cr | +0.77% | +0.67% | +0.64% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.96% | ₹21.02 Cr | +1.13% | +1.29% | +1.05% |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 0.89% | ₹19.49 Cr | +1.00% | +0.95% | +0.80% |
| Gillette India Ltd. | Consumer Staples | 0.67% | ₹14.62 Cr | +0.79% | +0.93% | +0.94% |
| Bharat Bijlee Ltd. | Capital Goods | 0.63% | ₹13.80 Cr | +0.93% | +0.71% | +0.90% |
| Metro Brands Ltd. | Consumer Discretionary | 0.61% | ₹13.33 Cr | +0.78% | +0.67% | +0.92% |
| Leela Palaces Hotels & Resorts Ltd. | Services | 0.51% | ₹11.08 Cr | — | — | — |
| Bikaji Foods International Ltd. | Consumer Staples | 0.26% | ₹5.77 Cr | +0.84% | +1.00% | +1.15% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Hyundai Motor India Ltd. | 0.00% | 2.21% | +2.21% |
| Maruti Suzuki India Ltd. | 1.36% | 0.00% | -1.36% |
| Max Financial Services Ltd. | 1.09% | 0.00% | -1.09% |
| Swiggy Ltd. | 0.00% | 0.99% | +0.99% |
| EIH Ltd. | 0.99% | 0.00% | -0.99% |
| LG Electronics India Ltd. | 1.44% | 2.22% | +0.78% |
| Others | -0.18% | -0.82% | -0.64% |
| Eternal Ltd. | 1.72% | 2.23% | +0.51% |
| Leela Palaces Hotels & Resorts Ltd. | 0.00% | 0.51% | +0.51% |
| Bikaji Foods International Ltd. | 0.73% | 0.26% | -0.47% |
| DEE Development Engineers Ltd. | 0.45% | 0.00% | -0.45% |
| Avalon Technologies Ltd. | 3.47% | 3.05% | -0.42% |
| Oil India Ltd. | 1.22% | 1.53% | +0.31% |
| Allied Blenders And Distillers Ltd. | 1.53% | 1.83% | +0.30% |
| BSE Ltd. | 1.08% | 1.33% | +0.25% |
| ICICI Bank Ltd. | 3.56% | 3.33% | -0.22% |
| PB Fintech Ltd. | 1.55% | 1.34% | -0.21% |
| Tata Consultancy Services Ltd. | 1.46% | 1.28% | -0.17% |
| Pidilite Industries Ltd. | 1.64% | 1.47% | -0.17% |
| HDFC Asset Management Company Ltd. | 1.60% | 1.44% | -0.17% |
| SRF Ltd. | 1.74% | 1.90% | +0.16% |
| Arvind Fashions Ltd. | 1.31% | 1.16% | -0.15% |
| Lenskart Solutions Ltd. | 2.23% | 2.38% | +0.15% |
| Tata Motors Ltd. | 1.78% | 1.64% | -0.14% |
| JSW Infrastructure Ltd. | 1.67% | 1.80% | +0.13% |
| Shriram Finance Ltd | 1.49% | 1.36% | -0.13% |
| The Federal Bank Ltd. | 1.56% | 1.43% | -0.13% |
| Abbott India Ltd. | 1.45% | 1.57% | +0.12% |
| Mahindra & Mahindra Ltd. | 1.45% | 1.34% | -0.11% |
| Tata Communications Ltd. | 1.46% | 1.56% | +0.10% |
| Grasim Industries Ltd. | 1.52% | 1.42% | -0.10% |
| Sun Pharmaceutical Industries Ltd. | 1.71% | 1.62% | -0.10% |
| State Bank of India | 1.43% | 1.33% | -0.10% |
| Azad Engineering Ltd. | 1.42% | 1.52% | +0.10% |
| Bharat Forge Ltd. | 1.66% | 1.56% | -0.09% |
| Godfrey Phillips India Ltd. | 1.23% | 1.14% | -0.09% |
| Saregama India Ltd. | 1.00% | 1.09% | +0.09% |
| Prestige Estates Projects Ltd. | 1.33% | 1.24% | -0.09% |
| HDFC Bank Ltd. | 2.70% | 2.78% | +0.08% |
| Coromandel International Ltd. | 1.41% | 1.34% | -0.07% |
| Kotak Mahindra Bank Ltd. | 2.79% | 2.86% | +0.07% |
| Bharti Hexacom Ltd. | 1.33% | 1.26% | -0.07% |
| UNO Minda Ltd. | 1.14% | 1.07% | -0.06% |
| Bharat Bijlee Ltd. | 0.69% | 0.63% | -0.06% |
| Axis Bank Ltd. | 2.11% | 2.05% | -0.06% |
| Garware Hi-Tech Films Ltd. | 3.91% | 3.96% | +0.05% |
| Techno Electric & Engineering Company Ltd. | 0.84% | 0.89% | +0.05% |
| Dr. Agarwal's Health Care Ltd. | 1.30% | 1.26% | -0.05% |
| Cholamandalam Financial Holdings Ltd. | 1.09% | 1.05% | -0.04% |
| TVS Motor Company Ltd. | 1.53% | 1.49% | -0.04% |
| Metro Brands Ltd. | 0.65% | 0.61% | -0.04% |
| Kennametal India Ltd. | 1.01% | 0.97% | -0.03% |
| GE Vernova T&D India Ltd | 1.21% | 1.18% | -0.03% |
| Carraro India Ltd. | 1.08% | 1.05% | -0.03% |
| Interglobe Aviation Ltd. | 1.56% | 1.53% | -0.03% |
| Persistent Systems Ltd. | 1.06% | 1.03% | -0.03% |
| Shakti Pumps (India) Ltd. | 1.20% | 1.18% | -0.03% |
| Navin Fluorine International Ltd. | 1.31% | 1.28% | -0.03% |
| Torrent Pharmaceuticals Ltd. | 0.98% | 0.96% | -0.02% |
| Schneider Electric Infrastructure Ltd. | 1.32% | 1.34% | +0.02% |
| JSW Steel Ltd. | 1.54% | 1.52% | -0.02% |
| Samvardhana Motherson International Ltd. | 1.32% | 1.30% | -0.02% |
| Manorama Industries Ltd. | 1.68% | 1.69% | +0.02% |
| One 97 Communications Ltd. | 2.13% | 2.14% | +0.01% |
| Marico Ltd. | 1.13% | 1.11% | -0.01% |
| Gillette India Ltd. | 0.68% | 0.67% | -0.01% |
| Hindustan Aeronautics Ltd. | 1.22% | 1.22% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹6,415 Cr | 2.20% | 15.0% | 11.2% | 14.9% |
 Axis Multicap Fund | ₹12,234 Cr | 1.97% | 19.1% | 12.5% | — |
 Mahindra Manulife Multi Cap Fund | ₹7,457 Cr | 2.18% | 15.0% | 10.7% | 14.9% |
 WhiteOak Capital Multi Cap Fund | ₹4,610 Cr | 2.21% | 10.6% | 10.4% | — |
 Bank of India Multi Cap Fund | ₹1,357 Cr | 2.45% | 15.1% | 11.3% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap and small cap stocks.
Fund managers
- Mahesh BendreMr. Bendre has done B.E(Mechanical), MBA (Finance) and PhD (Finance)Prior to joining LIC Mutual Fund, he has worked with IDBI Capital, Vervene Asset Management, Stewart & Mackertich, Karvy Inst. Equity and Way2wealth, Quantum Securities
- Nikhil KapoorExecutive MBA IIM Indore, Post Graduate Diploma in Business Management - NMIMS, Bachelor of Management Studies.Prior to joining the LIC MF, he was associated with JM Financial Servies Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months7.45% absolute | ₹60,000 | ₹64,470 | 7.45% | |
| 1 year6.98% annualised | ₹1,20,000 | ₹1,24,635 | 3.86% | |
| 3 years16.29% annualised | ₹3,60,000 | ₹4,66,540 | 29.59% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of LIC MF Multi Cap Fund?
The NAV of LIC MF Multi Cap Fund is ₹18.58 as on 9 Nov 2026.
What is the expense ratio of LIC MF Multi Cap Fund?
The expense ratio of LIC MF Multi Cap Fund is 2.14% per year.
What is the minimum SIP amount for LIC MF Multi Cap Fund?
You can start a SIP in LIC MF Multi Cap Fund with ₹3,000 a month.
Is there a lock-in or exit load on LIC MF Multi Cap Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months..
How risky is LIC MF Multi Cap Fund?
LIC MF Multi Cap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages LIC MF Multi Cap Fund?
LIC MF Multi Cap Fund is managed by LIC Mutual Fund, which runs 33 schemes with ₹50,860 Cr under management.