Axis Multicap Fund vs LIC MF Multi Cap Fund
Axis Multicap Fund (Direct) and LIC MF Multi Cap Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Multi Cap Fund schemes — see the best multi cap mutual funds for the full ranking.
Head to head
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 02 Nov 2022 – 20 Aug 2026, limited by LIC MF Multi Cap Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | Axis Multicap Fund | LIC MF Multi Cap Fund | Nifty 500 |
|---|---|---|---|
| 02 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 |
| 26 Feb 2023 | ₹96.47 | ₹97.42 | ₹94.40 |
| 21 Jun 2023 | ₹109.51 | ₹109.06 | ₹104.80 |
| 15 Oct 2023 | ₹121.57 | ₹119.47 | ₹112.21 |
| 07 Feb 2024 | ₹143.24 | ₹138.21 | ₹129.76 |
| 02 Jun 2024 | ₹155.10 | ₹151.09 | ₹136.17 |
| 26 Sep 2024 | ₹190.29 | ₹180.91 | ₹158.07 |
| 19 Jan 2025 | ₹174.71 | ₹169.49 | ₹139.89 |
| 15 May 2025 | ₹175.98 | ₹170.91 | ₹147.05 |
| 07 Sep 2025 | ₹183.04 | ₹175.75 | ₹147.31 |
| 01 Jan 2026 | ₹187.35 | ₹181.76 | ₹154.03 |
| 26 Apr 2026 | ₹181.86 | ₹176.01 | ₹145.64 |
| 20 Aug 2026 | ₹206.27 | ₹198.77 | ₹151.72 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
Axis Multicap Fund and LIC MF Multi Cap Fund share 28% of their equity book by weight.
Shared holdings — Axis Multicap Fund vs LIC MF Multi Cap Fund
| Stock | Axis Multicap Fund | LIC MF Multi Cap Fund | |
|---|---|---|---|
| HDFC Bank Ltd | 4.51% | 3.52% | 3.52% |
| ICICI Bank Ltd | 4.06% | 3.27% | 3.27% |
| Axis Bank Ltd | 1.91% | 2.54% | 1.91% |
| Shriram Transport Finance Company Ltd | 2.70% | 1.63% | 1.63% |
| Zomato Ltd | 2.06% | 1.61% | 1.61% |
| State Bank of India | 1.55% | 1.61% | 1.55% |
| GE T&D India Ltd | 1.67% | 1.44% | 1.44% |
| Larsen & Toubro Ltd | 2.03% | 1.42% | 1.42% |
| BSE Ltd | 1.39% | 1.31% | 1.31% |
| Samvardhana Motherson International Ltd | 1.31% | 1.32% | 1.31% |
| Mahindra & Mahindra Ltd | 1.48% | 1.25% | 1.25% |
| Interglobe Aviation Ltd | 1.24% | 1.86% | 1.24% |
| Sun Pharmaceutical Industries Ltd | 1.10% | 1.86% | 1.10% |
| The Federal Bank Ltd | 1.08% | 1.68% | 1.08% |
| Apollo Hospitals Enterprise Ltd | 1.05% | 1.23% | 1.05% |
8 more stocks in common. 23 shared of 106 / 65 positions. Weights are shown as a share of each fund's equity book.
| Metric | Axis · Direct NAV ₹21.04 Very High risk ★★★★★ | LIC · Direct NAV ₹19.92 Very High risk ★★★★☆ | Category median Multi Cap Fund · 32 funds |
|---|---|---|---|
| +12.03% | +12.23%Best in row | +9.70% | |
| +22.11%Best in row | +20.33% | +16.81% | |
| +17.29% | +19.83%Best in row | +16.56% | |
| +19.64%Best in row | +17.93% | — | |
| +22.97%Best in row | +21.01% | +18.65% | |
| Risk | |||
| 14.76%Best in row | 15.54% | 14.82% | |
| 1.06Best in row | 0.89 | 0.64 | |
| 1.45Best in row | 1.22 | 0.87 | |
| -18.08%Best in row | -19.32% | -20.01% | |
| +8.14%Best in row | +6.73% | +4.32% | |
| 0.98 | 1.07 | 1.01 | |
| 121.9% | 122.9% | 111.5% | |
| 83.7%Best in row | 93.6% | 92.7% | |
| 1.10% | 0.83%Best in row | 0.94% | |
| ₹9,775Cr | ₹1,895Cr | ₹3,392Cr | |
| ₹100 | ₹200 | — | |
| ₹100 | ₹5.00K | — | |
| 57% | 46% | 57% | |
| Sachin Jain | Yogesh Patil | — | |
| 23 Dec 2021 | 02 Nov 2022 | — | |
| 106 | 65 | — | |
| 24.0% | 25.4% | — | |
| -0.7% | 4.9% | — | |
7 rows carry the same value for every fund — show
- 5Y return (CAGR)
- —
- 10Y return (CAGR)
- —
- 5Y rolling avg
- —
- 10Y rolling avg
- —
- Benchmark
- Nifty 500
- Exit load
- Up to 1.00%
- Lock-in
- None
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Axis Multicap Fund or LIC MF Multi Cap Fund?
Over the last 3 years, Axis Multicap Fund returned +22.11% CAGR against LIC MF Multi Cap Fund's +20.33%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Axis Multicap Fund or LIC MF Multi Cap Fund?
LIC MF Multi Cap Fund has the lower expense ratio: Axis Multicap Fund charges 1.10% a year against LIC MF Multi Cap Fund's 0.83%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Axis Multicap Fund or LIC MF Multi Cap Fund?
LIC MF Multi Cap Fund has shown higher volatility (+15.54% annualized vs Axis Multicap Fund's +14.76%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Axis Multicap Fund -18.08% vs LIC MF Multi Cap Fund -19.32%.
Which fund manages more money — Axis Multicap Fund or LIC MF Multi Cap Fund?
Axis Multicap Fund is the larger fund: Axis Multicap Fund manages ₹9,775Cr against LIC MF Multi Cap Fund's ₹1,895Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are Axis Multicap Fund and LIC MF Multi Cap Fund in the same category?
Yes — both are Multi Cap Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.