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 05 Oct 2026
Growth of ₹100 (rebased over the selected window)
Common period 02 Nov 2022 – 05 Oct 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.
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| Date | Axis Multicap Fund | LIC MF Multi Cap Fund | Nifty 500 TRI |
|---|---|---|---|
| 02 Nov 2022 | ₹100.00 | ₹100.00 | ₹100.00 |
| 01 Mar 2023 | ₹96.47 | ₹97.83 | ₹95.03 |
| 29 Jun 2023 | ₹109.41 | ₹109.45 | ₹105.96 |
| 26 Oct 2023 | ₹115.78 | ₹114.95 | ₹108.23 |
| 23 Feb 2024 | ₹146.37 | ₹138.33 | ₹133.32 |
| 21 Jun 2024 | ₹166.37 | ₹164.65 | ₹146.45 |
| 19 Oct 2024 | ₹183.43 | ₹177.19 | ₹154.91 |
| 15 Feb 2025 | ₹161.86 | ₹154.37 | ₹136.87 |
| 14 Jun 2025 | ₹179.22 | ₹175.41 | ₹152.53 |
| 12 Oct 2025 | ₹186.37 | ₹180.66 | ₹156.00 |
| 08 Feb 2026 | ₹183.63 | ₹179.68 | ₹157.24 |
| 08 Jun 2026 | ₹183.43 | ₹179.33 | ₹149.35 |
| 05 Oct 2026 | ₹198.63 | ₹189.16 | ₹148.49 |
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 →
- 89 stocks only in Axis Multicap Fund
- 23 stocks in both — 27.3% of each portfolio by weight
- 40 stocks only in LIC MF Multi Cap Fund
The more the circles overlap, the more the funds hold the same stocks.
Axis Multicap Fund and LIC MF Multi Cap Fund share 27% 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 | |
|---|---|---|---|
| ICICI Bank Limited | 3.62% | 3.78% | 3.62% |
| HDFC Bank Limited | 2.76% | 2.86% | 2.76% |
| Eternal Limited | 2.16% | 1.82% | 1.82% |
| Shriram Finance Limited | 2.44% | 1.58% | 1.58% |
| Axis Bank Limited | 1.56% | 2.24% | 1.56% |
| Mahindra & Mahindra Limited | 1.55% | 1.54% | 1.54% |
| State Bank of India | 1.35% | 1.52% | 1.35% |
| GE Vernova T&D India Limited | 1.53% | 1.28% | 1.28% |
| PB Fintech Limited | 1.26% | 1.64% | 1.26% |
| The Federal Bank Limited | 1.18% | 1.66% | 1.18% |
| Samvardhana Motherson International Limited | 1.06% | 1.40% | 1.06% |
| Torrent Pharmaceuticals Limited | 1.53% | 1.04% | 1.04% |
| TVS Motor Company Limited | 1.04% | 1.62% | 1.04% |
| InterGlobe Aviation Limited | 1.03% | 1.66% | 1.03% |
| One 97 Communications Limited | 0.89% | 2.26% | 0.89% |
8 more stocks in common. 23 shared of 112 / 63 positions. Weights are shown as a share of each fund's equity book.
| Metric | Axis · Direct NAV ₹20.26 Very High risk ★★★★★ | LIC · Direct NAV ₹18.96 Very High risk ★★★★☆ | Category median Multi Cap Fund · 33 funds |
|---|---|---|---|
| +7.67%Best in row | +5.47% | +4.14% | |
| +18.51%Best in row | +16.98% | +13.66% | |
| +15.88% | +17.64% | +14.31% | |
| +16.83%Best in row | +14.10% | — | |
| +22.44%Best in row | +20.46% | +17.88% | |
| Risk | |||
| 14.92%Best in row | 15.63% | 14.91% | |
| 0.81Best in row | 0.67 | 0.49 | |
| 1.10Best in row | 0.91 | 0.66 | |
| -18.08% | -19.32% | -19.95% | |
| +8.18%Best in row | +6.76% | +3.74% | |
| 0.98 | 1.06 | 1.00 | |
| 123.9% | 126.7%Best in row | 109.9% | |
| 88.1%Best in row | 100.5% | 95.2% | |
| 1.00% | 0.78%Best in row | 0.97% | |
| ₹9,775Cr | ₹1,895Cr | ₹3,248Cr | |
| Up to 1.00% | — | — | |
| ₹100 | — | — | |
| ₹100 | ₹5.00K | — | |
| 56% | 44% | 67% | |
| Shreyash Devalkar | Yogesh Patil | — | |
| 23 Dec 2021 | 02 Nov 2022 | — | |
| 112 | 63 | — | |
| 23.3% | 26.4% | — | |
| 1.5% | 5.8% | — | |
6 rows carry the same value for every fund — show
- 5Y return (CAGR)
- —
- 10Y return (CAGR)
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- 5Y rolling avg
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- 10Y rolling avg
- —
- Benchmark
- Nifty 500 TRI
- 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 +18.51% CAGR against LIC MF Multi Cap Fund's +16.98%, 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 1.00% a year against LIC MF Multi Cap Fund's 0.78%. 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 (+15.63% annualized vs Axis Multicap Fund's +14.92%), 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.