LIC MF Multi Cap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹18.19+0.26%1 day
- Return since launch
- 16.5%
- 52-week range
- ₹15.01 — ₹18.93
- AUM
- ₹2,254 Cr
LIC MF Multi Cap Fund is a Multi Cap equity fund from LIC Mutual Fund with ₹2,254 Cr under management, launched in 2022. Over three years it has returned 10.2% a year, against 13.6% for its category. The expense ratio is 2.18% 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 +8.7% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 11.0% | +4.5 pts | 6.4% | 3.4% |
| 2Y | 8.2% | +1.9 pts | 6.3% | 2.6% |
| 3Y | 10.2% | −3.3 pts | 13.6% | 4.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.4% | −0.5 pts | -2.9% | -3.0% |
| 3M | 1.3% | −0.5 pts | 1.8% | 1.1% |
| 6M | 18.3% | +2.9 pts | 15.5% | 13.9% |
| 1Y | 8.7% | +2.2 pts | 6.4% | 1.6% |
| 2Y | 1.8% | +1.7 pts | 0.1% | -2.8% |
| 3Y | 16.1% | +2.6 pts | 13.6% | 11.2% |
Since launch (6 Oct 2022): 16.5%
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
2.14%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.74%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.33%
- 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 | 6.15 | 7.10 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.01 | 0.96 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.70 | 0.79 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.87 | 1.04 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.67 | 16.54 | 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 31 Aug 2026
Asset allocation
- Equity94.2%
- Other5.8%
Market cap split
- Large39.8%
- Mid30.8%
- Small29.4%
- P/E
- 32.71
- P/B
- 4.64
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 5.77% | ₹130 Cr | -1.19% | -0.67% | -0.78% |
| Garware Hi-Tech Films Ltd. | Materials | 3.91% | ₹88.23 Cr | +3.84% | +2.43% | +2.01% |
| ICICI Bank Ltd. | Financial | 3.56% | ₹80.14 Cr | +2.77% | +2.70% | +2.54% |
| Avalon Technologies Ltd. | Capital Goods | 3.47% | ₹78.10 Cr | +2.73% | +1.85% | +1.93% |
| Kotak Mahindra Bank Ltd. | Financial | 2.79% | ₹62.81 Cr | +2.28% | +1.50% | +2.09% |
| HDFC Bank Ltd. | Financial | 2.70% | ₹60.76 Cr | +3.31% | +3.96% | +4.13% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.23% | ₹50.32 Cr | +1.33% | — | — |
| One97 Communications Ltd. | Services | 2.13% | ₹47.99 Cr | +1.48% | +1.09% | +1.14% |
| Axis Bank Ltd. | Financial | 2.11% | ₹47.59 Cr | +2.44% | +2.30% | +1.92% |
| Tata Motors Ltd. | Automobile | 1.78% | ₹40.04 Cr | +1.27% | +1.41% | — |
| SRF Ltd. | Chemicals | 1.74% | ₹39.26 Cr | +1.59% | +1.17% | +1.11% |
| Eternal Ltd. | Services | 1.72% | ₹38.76 Cr | +1.43% | +1.15% | +1.63% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 1.71% | ₹38.61 Cr | +1.81% | +1.36% | +1.38% |
| Manorama Industries Ltd. | Consumer Staples | 1.68% | ₹37.82 Cr | +1.48% | +1.32% | +1.26% |
| JSW Infrastructure Ltd. | Services | 1.67% | ₹37.62 Cr | +1.57% | +0.99% | — |
| Bharat Forge Ltd. | Automobile | 1.66% | ₹37.32 Cr | +1.80% | +1.87% | +1.20% |
| Pidilite Industries Ltd. | Chemicals | 1.64% | ₹37.01 Cr | +1.49% | +1.18% | — |
| HDFC Asset Management Company Ltd. | Financial | 1.60% | ₹36.12 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 1.56% | ₹35.24 Cr | +1.54% | +1.28% | +0.99% |
| The Federal Bank Ltd. | Financial | 1.56% | ₹35.19 Cr | +1.48% | +1.31% | +0.80% |
| PB Fintech Ltd. | Services | 1.55% | ₹34.94 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.54% | ₹34.75 Cr | +1.21% | — | — |
| Allied Blenders And Distillers Ltd. | Consumer Staples | 1.53% | ₹34.49 Cr | +1.54% | +1.36% | +1.60% |
| TVS Motor Company Ltd. | Automobile | 1.53% | ₹34.49 Cr | +1.38% | +1.48% | +0.99% |
| Grasim Industries Ltd. | Materials | 1.52% | ₹34.30 Cr | +1.65% | +1.39% | +1.53% |
| Shriram Finance Ltd | Financial | 1.49% | ₹33.70 Cr | +1.49% | +1.64% | +1.43% |
| Tata Communications Ltd. | Communication | 1.46% | ₹32.94 Cr | +1.44% | — | — |
| Tata Consultancy Services Ltd. | Technology | 1.46% | ₹32.80 Cr | +1.46% | +1.82% | +1.92% |
| Abbott India Ltd. | Healthcare | 1.45% | ₹32.74 Cr | +1.60% | +1.47% | — |
| Mahindra & Mahindra Ltd. | Automobile | 1.45% | ₹32.60 Cr | +1.25% | +1.49% | +1.37% |
| LG Electronics India Ltd. | Consumer Discretionary | 1.44% | ₹32.46 Cr | +1.35% | +1.03% | — |
| State Bank of India | Financial | 1.43% | ₹32.23 Cr | +1.52% | +2.02% | +1.49% |
| Azad Engineering Ltd. | Capital Goods | 1.42% | ₹32.06 Cr | +1.17% | +0.66% | +0.65% |
| Coromandel International Ltd. | Chemicals | 1.41% | ₹31.78 Cr | +1.42% | +1.56% | +1.26% |
| Maruti Suzuki India Ltd. | Automobile | 1.36% | ₹30.65 Cr | +1.54% | +1.40% | +1.55% |
| Prestige Estates Projects Ltd. | Construction | 1.33% | ₹29.98 Cr | +1.30% | +1.30% | +1.30% |
| Bharti Hexacom Ltd. | Communication | 1.33% | ₹29.92 Cr | +1.50% | +1.70% | +1.65% |
| Schneider Electric Infrastructure Ltd. | Capital Goods | 1.32% | ₹29.65 Cr | +1.65% | +1.22% | +1.28% |
| Samvardhana Motherson International Ltd. | Automobile | 1.32% | ₹29.65 Cr | +1.31% | +1.05% | +0.81% |
| Arvind Fashions Ltd. | Textiles | 1.31% | ₹29.62 Cr | +1.46% | +1.12% | +1.47% |
| Navin Fluorine International Ltd. | Chemicals | 1.31% | ₹29.45 Cr | +0.95% | — | — |
| Dr. Agarwal's Health Care Ltd. | Healthcare | 1.30% | ₹29.40 Cr | +1.19% | +0.88% | +0.93% |
| Godfrey Phillips India Ltd. | Consumer Staples | 1.23% | ₹27.62 Cr | +1.04% | +0.62% | — |
| Oil India Ltd. | Energy | 1.22% | ₹27.51 Cr | +1.40% | +0.71% | +0.54% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.22% | ₹27.40 Cr | +1.27% | +0.67% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.21% | ₹27.30 Cr | +1.89% | +1.51% | +2.03% |
| Shakti Pumps (India) Ltd. | Capital Goods | 1.20% | ₹27.11 Cr | +1.52% | +1.59% | +2.75% |
| UNO Minda Ltd. | Automobile | 1.14% | ₹25.61 Cr | +1.15% | +1.06% | +1.27% |
| Marico Ltd. | Consumer Staples | 1.13% | ₹25.44 Cr | +1.32% | +1.22% | — |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.09% | ₹24.61 Cr | +1.36% | +1.50% | — |
| Max Financial Services Ltd. | Financial | 1.09% | ₹24.48 Cr | +1.35% | +1.48% | — |
| Carraro India Ltd. | Capital Goods | 1.08% | ₹24.34 Cr | +1.22% | +0.95% | +0.66% |
| BSE Ltd. | Services | 1.08% | ₹24.29 Cr | +1.14% | +0.48% | +0.58% |
| Persistent Systems Ltd. | Technology | 1.06% | ₹23.85 Cr | — | — | — |
| Kennametal India Ltd. | Capital Goods | 1.01% | ₹22.69 Cr | +0.77% | +0.69% | +0.70% |
| Saregama India Ltd. | Services | 1.00% | ₹22.61 Cr | +0.90% | +0.75% | +1.21% |
| EIH Ltd. | Services | 0.99% | ₹22.23 Cr | +1.13% | +0.93% | +1.14% |
| Torrent Pharmaceuticals Ltd. | Healthcare | 0.98% | ₹22.18 Cr | +1.14% | +1.19% | +1.08% |
| Techno Electric & Engineering Company Ltd. | Capital Goods | 0.84% | ₹18.98 Cr | +1.08% | +0.92% | +0.94% |
| Bikaji Foods International Ltd. | Consumer Staples | 0.73% | ₹16.44 Cr | +0.88% | +0.93% | +1.27% |
| Bharat Bijlee Ltd. | Capital Goods | 0.69% | ₹15.56 Cr | +0.95% | +0.76% | +0.88% |
| Gillette India Ltd. | Consumer Staples | 0.68% | ₹15.31 Cr | +0.87% | +0.95% | +0.79% |
| Metro Brands Ltd. | Consumer Discretionary | 0.65% | ₹14.56 Cr | +0.84% | +0.71% | +0.73% |
| DEE Development Engineers Ltd. | Services | 0.45% | ₹10.12 Cr | +1.26% | +1.01% | +1.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Avalon Technologies Ltd. | 2.79% | 3.47% | +0.67% |
| Divgi TorqTransfer Systems Ltd. | 0.63% | 0.00% | -0.63% |
| One97 Communications Ltd. | 1.76% | 2.13% | +0.37% |
| Kennametal India Ltd. | 0.68% | 1.01% | +0.32% |
| HDFC Bank Ltd. | 3.01% | 2.70% | -0.31% |
| Tata Communications Ltd. | 1.16% | 1.46% | +0.30% |
| HDFC Asset Management Company Ltd. | 1.32% | 1.60% | +0.28% |
| Dr. Agarwal's Health Care Ltd. | 1.06% | 1.30% | +0.24% |
| LG Electronics India Ltd. | 1.20% | 1.44% | +0.24% |
| Garware Hi-Tech Films Ltd. | 4.15% | 3.91% | -0.24% |
| Schneider Electric Infrastructure Ltd. | 1.55% | 1.32% | -0.23% |
| Lenskart Solutions Ltd. | 2.00% | 2.23% | +0.23% |
| EIH Ltd. | 1.21% | 0.99% | -0.22% |
| Others | -0.40% | -0.18% | +0.22% |
| Azad Engineering Ltd. | 1.21% | 1.42% | +0.22% |
| Coromandel International Ltd. | 1.62% | 1.41% | -0.21% |
| Abbott India Ltd. | 1.65% | 1.45% | -0.20% |
| BSE Ltd. | 1.27% | 1.08% | -0.19% |
| Mahindra & Mahindra Ltd. | 1.27% | 1.45% | +0.18% |
| Bharat Forge Ltd. | 1.83% | 1.66% | -0.17% |
| Manorama Industries Ltd. | 1.51% | 1.68% | +0.17% |
| DEE Development Engineers Ltd. | 0.61% | 0.45% | -0.16% |
| Shakti Pumps (India) Ltd. | 1.36% | 1.20% | -0.16% |
| ICICI Bank Ltd. | 3.71% | 3.56% | -0.16% |
| Saregama India Ltd. | 1.16% | 1.00% | -0.15% |
| Maruti Suzuki India Ltd. | 1.51% | 1.36% | -0.15% |
| PB Fintech Ltd. | 1.40% | 1.55% | +0.15% |
| Marico Ltd. | 1.27% | 1.13% | -0.14% |
| Bharti Hexacom Ltd. | 1.46% | 1.33% | -0.13% |
| Metro Brands Ltd. | 0.77% | 0.65% | -0.12% |
| Sun Pharmaceutical Industries Ltd. | 1.82% | 1.71% | -0.10% |
| Cholamandalam Financial Holdings Ltd. | 1.19% | 1.09% | -0.10% |
| Navin Fluorine International Ltd. | 1.21% | 1.31% | +0.10% |
| The Federal Bank Ltd. | 1.66% | 1.56% | -0.10% |
| Allied Blenders And Distillers Ltd. | 1.62% | 1.53% | -0.09% |
| Bharat Bijlee Ltd. | 0.78% | 0.69% | -0.09% |
| Godfrey Phillips India Ltd. | 1.31% | 1.23% | -0.09% |
| Samvardhana Motherson International Ltd. | 1.23% | 1.32% | +0.09% |
| TVS Motor Company Ltd. | 1.61% | 1.53% | -0.08% |
| Interglobe Aviation Ltd. | 1.63% | 1.56% | -0.07% |
| Torrent Pharmaceuticals Ltd. | 1.05% | 0.98% | -0.07% |
| Arvind Fashions Ltd. | 1.38% | 1.31% | -0.07% |
| Gillette India Ltd. | 0.75% | 0.68% | -0.07% |
| Tata Consultancy Services Ltd. | 1.52% | 1.46% | -0.06% |
| Prestige Estates Projects Ltd. | 1.39% | 1.33% | -0.06% |
| Bikaji Foods International Ltd. | 0.79% | 0.73% | -0.06% |
| Persistent Systems Ltd. | 1.11% | 1.06% | -0.05% |
| Techno Electric & Engineering Company Ltd. | 0.89% | 0.84% | -0.05% |
| JSW Infrastructure Ltd. | 1.62% | 1.67% | +0.05% |
| Kotak Mahindra Bank Ltd. | 2.74% | 2.79% | +0.04% |
| Eternal Ltd. | 1.68% | 1.72% | +0.04% |
| JSW Steel Ltd. | 1.58% | 1.54% | -0.04% |
| Grasim Industries Ltd. | 1.48% | 1.52% | +0.04% |
| State Bank of India | 1.47% | 1.43% | -0.04% |
| GE Vernova T&D India Ltd | 1.25% | 1.21% | -0.04% |
| Tata Motors Ltd. | 1.74% | 1.78% | +0.03% |
| Hindustan Aeronautics Ltd. | 1.24% | 1.22% | -0.03% |
| UNO Minda Ltd. | 1.11% | 1.14% | +0.02% |
| SRF Ltd. | 1.76% | 1.74% | -0.02% |
| Pidilite Industries Ltd. | 1.66% | 1.64% | -0.02% |
| Carraro India Ltd. | 1.10% | 1.08% | -0.02% |
| Max Financial Services Ltd. | 1.09% | 1.09% | -0.01% |
| Oil India Ltd. | 1.23% | 1.22% | -0.01% |
| Shriram Finance Ltd | 1.49% | 1.49% | 0.00% |
| Axis Bank Ltd. | 2.11% | 2.11% | 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 | ₹6,052 Cr | 2.19% | 12.0% | 10.9% | — |
 Axis Multicap Fund | ₹11,985 Cr | 2.00% | 16.2% | 12.3% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.9% | 9.9% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 7.6% | 10.3% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 12.4% | 11.0% | — |
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
- Dikshit MittalMr. Mittal is a MBA (Finance) - ICFAI Busines School, Hyderabad. B-Tech (Chemical) - Punjab Technical University.Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with Subhkam Ventures Pvt. Limited. SBI Capital Securities and Alchemy Shares and Stock Brokers.
- 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 months18.33% absolute | ₹60,000 | ₹70,998 | 18.33% | |
| 1 year8.65% annualised | ₹1,20,000 | ₹1,25,774 | 4.81% | |
| 3 years16.12% annualised | ₹3,60,000 | ₹4,65,241 | 29.23% |
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 ₹18.19 as on 25 Sep 2026.
What is the expense ratio of LIC MF Multi Cap Fund?
The expense ratio of LIC MF Multi Cap Fund is 2.18% 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 ₹50,329 Cr under management.