LIC MF Multi Cap Fund vs HSBC Multi Cap Fund
LIC MF Multi Cap Fund (Direct) and HSBC 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 03 Feb 2023 – 05 Oct 2026, limited by HSBC 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 | LIC MF Multi Cap Fund | HSBC Multi Cap Fund | Nifty 500 TRI |
|---|---|---|---|
| 03 Feb 2023 | ₹100.00 | ₹100.00 | ₹100.00 |
| 26 May 2023 | ₹106.92 | ₹107.99 | ₹105.36 |
| 14 Sep 2023 | ₹122.78 | ₹128.37 | ₹118.63 |
| 04 Jan 2024 | ₹136.75 | ₹148.79 | ₹132.20 |
| 25 Apr 2024 | ₹147.48 | ₹167.10 | ₹141.65 |
| 14 Aug 2024 | ₹175.53 | ₹186.46 | ₹154.39 |
| 04 Dec 2024 | ₹184.31 | ₹195.98 | ₹157.83 |
| 26 Mar 2025 | ₹163.61 | ₹171.42 | ₹145.90 |
| 15 Jul 2025 | ₹183.44 | ₹193.99 | ₹161.36 |
| 04 Nov 2025 | ₹189.37 | ₹198.86 | ₹163.51 |
| 24 Feb 2026 | ₹183.66 | ₹194.86 | ₹161.52 |
| 15 Jun 2026 | ₹192.16 | ₹201.55 | ₹159.21 |
| 05 Oct 2026 | ₹194.26 | ₹205.98 | ₹153.29 |
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 →
- 38 stocks only in LIC MF Multi Cap Fund
- 25 stocks in both — 26.9% of each portfolio by weight
- 76 stocks only in HSBC Multi Cap Fund
The more the circles overlap, the more the funds hold the same stocks.
LIC MF Multi Cap Fund and HSBC Multi Cap Fund share 27% of their equity book by weight.
Shared holdings — LIC MF Multi Cap Fund vs HSBC Multi Cap Fund
| Stock | LIC MF Multi Cap Fund | HSBC Multi Cap Fund | |
|---|---|---|---|
| HDFC Bank Ltd. | 2.86% | 2.85% | 2.85% |
| ICICI Bank Ltd. | 3.78% | 2.34% | 2.34% |
| Tata Motors Ltd. | 1.89% | 2.02% | 1.89% |
| The Federal Bank Ltd. | 1.66% | 2.62% | 1.66% |
| Shriram Finance Ltd. | 1.58% | 1.56% | 1.56% |
| State Bank of India | 1.52% | 1.99% | 1.52% |
| Eternal Ltd. | 1.82% | 1.45% | 1.45% |
| Navin Fluorine International Ltd. | 1.39% | 1.99% | 1.39% |
| Kotak Mahindra Bank Ltd. | 2.96% | 1.27% | 1.27% |
| GE Vernova T&D India Limited | 1.28% | 1.24% | 1.24% |
| TVS Motor Company Ltd. | 1.62% | 1.16% | 1.16% |
| Hindustan Aeronautics Ltd. | 1.29% | 1.07% | 1.07% |
| Lenskart Solutions Ltd. | 2.37% | 1.05% | 1.05% |
| Torrent Pharmaceuticals Ltd. | 1.04% | 0.98% | 0.98% |
| JSW Steel Ltd. | 1.63% | 0.90% | 0.90% |
10 more stocks in common. 25 shared of 63 / 101 positions. Weights are shown as a share of each fund's equity book.
| Metric | LIC · Direct NAV ₹18.96 Very High risk ★★★★☆ | HSBC · Direct NAV ₹20.63 Very High risk ★★★★☆ | Category median Multi Cap Fund · 33 funds |
|---|---|---|---|
| +5.47% | +6.75%Best in row | +4.14% | |
| +16.98% | +17.34%Best in row | +13.66% | |
| +17.64% | +21.77% | +14.31% | |
| +14.10%Best in row | +13.79% | — | |
| +20.46% | +21.44%Best in row | +17.88% | |
| Risk | |||
| 15.63%Best in row | 16.29% | 14.91% | |
| 0.91 | 0.90 | 0.66 | |
| -19.32% | -20.07% | -19.95% | |
| +6.76% | +6.75% | +3.74% | |
| 1.06 | 1.05 | 1.00 | |
| 126.7%Best in row | 123.3% | 109.9% | |
| 100.5% | 95.4%Best in row | 95.2% | |
| 0.78% | 0.79% | 0.97% | |
| ₹1,895Cr | ₹5,538Cr | ₹3,248Cr | |
| — | Up to 1.00% | — | |
| — | ₹500 | — | |
| 44% | 46% | 67% | |
| Yogesh Patil | Venugopal Manghat · 3.7y | — | |
| 02 Nov 2022 | 03 Feb 2023 | — | |
| 63 | 101 | — | |
| 26.4% | 22.9% | — | |
| 5.8% | 1.8% | — | |
8 rows carry the same value for every fund — show
- 5Y return (CAGR)
- —
- 10Y return (CAGR)
- —
- 5Y rolling avg
- —
- 10Y rolling avg
- —
- Sharpe
- 0.67
- Benchmark
- Nifty 500 TRI
- Lock-in
- None
- Min lumpsum
- ₹5.00K
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 — LIC MF Multi Cap Fund or HSBC Multi Cap Fund?
Over the last 3 years, HSBC Multi Cap Fund returned +17.34% 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 — LIC MF Multi Cap Fund or HSBC Multi Cap Fund?
LIC MF Multi Cap Fund has the lower expense ratio: LIC MF Multi Cap Fund charges 0.78% a year against HSBC Multi Cap Fund's 0.79%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — LIC MF Multi Cap Fund or HSBC Multi Cap Fund?
HSBC Multi Cap Fund has shown higher volatility (+16.29% annualized vs LIC MF Multi Cap Fund's +15.63%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: LIC MF Multi Cap Fund -19.32% vs HSBC Multi Cap Fund -20.07%.
Which fund manages more money — LIC MF Multi Cap Fund or HSBC Multi Cap Fund?
HSBC Multi Cap Fund is the larger fund: LIC MF Multi Cap Fund manages ₹1,895Cr against HSBC Multi Cap Fund's ₹5,538Cr 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 LIC MF Multi Cap Fund and HSBC 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.