EquityMulti Cap FundRegularGrowthVery High

LIC MF Multi Cap Fund

Q: What is the NAV of LIC MF Multi Cap Fund?

As of 05 Oct 2026, the NAV of LIC MF Multi Cap Fund is ₹17.81 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has LIC MF Multi Cap Fund delivered?

LIC MF Multi Cap Fund has returned +3.98% over 1 year, +15.19% per year over 3 years and +15.78% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund charges an expense ratio of 2.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund's largest holdings are Garware Hi-Tech Films Ltd. (3.9%), ICICI Bank Ltd. (3.6%), Avalon Technologies Ltd. (3.5%), Kotak Mahindra Bank Ltd. (2.8%) and HDFC Bank Ltd. (2.7%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -19.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.56 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Multi Cap Fund's 0.56 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund is benchmarked against the NIFTY 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund is managed by Yogesh Patil and Dikshit Mittal at LIC.

Q: How is LIC MF Multi Cap Fund taxed?

LIC MF Multi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

LIC Mutual Fund · Best Multi Cap Mutual Funds

NAV

₹17.81

+0.32% 1D

as of 05 Oct 2026

This is the Regular plan of LIC MF Multi Cap Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+3.49%absolute

52-week rangePrev NAV ₹17.75

Latest ₹17.81

Low ₹15.0171st percentile of its 52-week rangeHigh ₹18.93

Scorecard

★★★★☆4/5 vs 22 of 32 Multi Cap Fund peers

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Multi Cap Fund (same plan and option). 22 of the 32 Multi Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceStrong

3Y CAGR +15.19% · ranks 5 of 22 Multi Cap Funds

RiskModerate

Volatility 15.6% vs 14.9% category avg

CostLow

2.1% expense vs 2.4% category avg

ConsistencyHigh

100% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+3.98%) beats the Multi Cap Fund average (+2.70%)
3-year return (+15.19%) beats the Multi Cap Fund average (+12.37%)
Stronger risk-adjusted returns — Sharpe 0.56 vs 0.39 Multi Cap Fund average
Low expense ratio (2.14%) vs the Multi Cap Fund average of 2.40%
Consistent — positive in 100% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.14%

Category 2.40%▼0.26%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

26.94

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.56

Category 0.39▲0.17

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

NIFTY 500 Multicap 50:25:25 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

02 Nov 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.45%

Absolute return over the last 3 months (not annualized)

-2.29%

Absolute return over the last 6 months (not annualized)

+15.98%

Absolute return since 1 Jan of this year (not annualized)

+2.78%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+3.98%

3-year annualized return (CAGR)

+15.19%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+15.78%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

15.62%

Excess return per unit of total volatility (rf = 6.5%)

0.56

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

0.76

Largest peak-to-trough decline over full history

-19.84%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

5.20%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

1.06

How much of the fund's movement Nifty 500 TRI explains

85.7%

Excess return per unit of beta (market risk)

8.33

Active return over the benchmark per unit of tracking error

0.82

Annualized std dev of fund-minus-benchmark returns

6.91%

Fund's share of benchmark gains in up months (100 = matches index)

122.5%

Fund's share of benchmark losses in down months (lower is better)

103.6%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.45%	-4.32%	-0.13%
3M abs	-2.29%	-1.71%	-0.58%
6M abs	+15.98%	+13.41%	+2.57%
1Y CAGR	+3.98%	+2.70%	+1.28%
3Y CAGR	+15.19%	+12.37%	+2.82%
5Y CAGR	—	+11.64%	—

Category average across peers in Multi Cap Fund (up to 32 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 32 peers in Multi Cap Fund

1Y return

+3.98%

Beats 61.3% · rank #13

3Y return

+15.19%

Beats 81% · rank #5

5Y return

—

Sharpe

0.56

Beats 85.7% · rank #4

Sortino

0.76

Beats 85.7% · rank #4

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹4.02L

Absolute

+11.78%

XIRR

+7.78%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into LIC MF Multi Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	+2.78%	-7.18%	+9.96%
2025	+1.24%	+7.94%	-6.70%
2024	+32.27%	+16.43%	+15.84%
2023	+30.74%	+27.43%	+3.31%
2022part	-1.25%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

966

Expense ratio

2.14%

AUM

₹1,895Cr

Portfolio turnover

44%

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

26.9

P/B ratio

5.8

Avg market cap

₹2,02,187Cr

P/E & P/B are portfolio-weighted harmonic means across 53 of 63 equity holdings (82% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Multi Cap Fund

Compare all


LIC MF Multi Cap FundThis fund LIC · Regular · Growth	★★★★☆	+3.98%	+15.19%	—	—	2.14%	₹1,895Cr
Axis Multicap Fund Axis · Regular · Growth	★★★★★	+6.56%	+17.24%	—	—	1.98%	₹9,775Cr
HSBC Multi Cap Fund HSBC · Regular · Growth	★★★★★	+5.42%	+15.84%	—	—	2.03%	₹5,538Cr
WhiteOak Capital Multi Cap Fund WhiteOak Capital · Regular · Growth	★★★★☆	+3.03%	+15.71%	—	—	2.21%	₹3,513Cr
Bank of India Multi Cap Fund Bank of India · Regular · Growth	★★★☆☆	+8.28%	+15.36%	—	—	2.48%	₹1,091Cr
Mahindra Manulife Multi Cap Fund Mahindra Manulife · Regular · Growth	★★★★☆	+8.03%	+14.69%	+12.68%	—	2.17%	₹6,527Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap45.0%
Mid cap25.4%
Small cap29.6%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity94.25%
Cash & Equivalents5.78%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
LIC MF Dividend Yield Fund LIC · Dividend Yield Fund	53.8%	★★★★☆	0.97%	+17.60%
Groww ELSS Tax Saver Fund Groww · ELSS	34.3%	★☆☆☆☆	1.52%	+7.98%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	34.3%	★★★☆☆	0.69%	+10.64%
Axis ELSS- Tax Saver Fund Axis · ELSS	34.3%	★★★☆☆	1.05%	+9.34%
LIC MF ELSS Tax Saver Fund LIC · ELSS	34.1%	★★☆☆☆	1.31%	+8.99%
PGIM India Large and Midcap Fund PGIM India · Large & Mid Cap Fund	34.1%	★★★☆☆	0.89%	—
JM Large & Mid Cap Fund JM Financial · Large & Mid Cap Fund	33.1%	★★★★☆	1.04%	—
Union Large & Midcap Fund Union · Large & Mid Cap Fund	32.9%	★★★☆☆	1.31%	+12.40%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 5.02% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Avalon Technologies LimitedLong-term · Stage I3.47%
PB Fintech LimitedShort-term · Stage I1.55%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-19.8%01 Oct 2024 → 03 Mar 2025
Fell over 5 months, back to the old high on 03 Nov 2025 — 8 months under water after the low.
-15.4%03 Nov 2025 → 31 Mar 2026
Fell over 5 months, back to the old high on 17 Jun 2026 — 3 months under water after the low.
-7.9%14 Dec 2022 → 28 Mar 2023
Fell over 3 months, back to the old high on 11 May 2023 — 44 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,895Cr

April - June 2026

+7%

since January - March 2026

+₹131.31Cr

est. net flow, last quarter

At or near its largest, ₹1,895Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

LIC Mutual Fund is sponsored by the Life Insurance Corporation of India and has been in business since 1989. It absorbed IDBI Mutual Fund's schemes in 2023 and runs a mix of equity, debt and index funds.

Launched

19 Apr 1994

Total AUM

₹49,535Cr+6.6% QoQ

Avg AUM · April - June 2026

Website

licmf.com

Fund Managers

YPYogesh PatilStart date not disclosed

Role

Chief Investment Officer – Equity

Education

• MBA (Finance) - Symbiosis Institute of Business Management, Pune • B.com - Govt. College BHEL Bhopal • HSC - St. Johns the th High School, BHEL, Bhopal • SSC - Raman High School, BHEL, Bhopal

Experience

Mr. Yogesh Patil has overall 23 years of experience which consist of following: • Chief Investment Officer – Equity - LIC Mutual Fund Asset Management Ltd. (w.e.f. 25th May 2022) • Head – Equity- LIC Mutual Fund Asset Management Ltd. (1st April 2021 – 24th May 2022) • Fund Manager (Equity)- LIC Mutual Fund Asset Management Ltd. (since October 2018) • Senior Fund Manager (Equity) – Canara Robeco Mutual Fund (September 2009 – September 2018) • Research Analyst – Sahara Mutual Fund (December 2006 – August 2009)

Funds managed (6)

All schemes Yogesh Patil runs →

DMDikshit MittalStart date not disclosed

Role

Senior Equity Research Analyst & Fund Manager

Education

• MBA (Finance) - ICFAI Business School, Hyderabad • CFA - CFA Institute, • B -Tech (Chemical) - Punjab Technical University

Experience

Mr. Dikshit Mittal has overall 19 years of experience which consist of following: • Fund Manager - LIC Mutual Fund Asset Management Ltd. th (w.e.f. 6 Sept 2021) (Last position held Fund Manager - Equity & Senior Equity Research Analyst) • Senior Equity Research Analyst - LIC Mutual Fund Asset Management Ltd. (15th December 2020 onwards) • Equity Research Analyst - Subhkam Ventures Pvt. Limited. (November 2012 - December 2020) • Equity Research Analyst - SBI Capital Securities (July 2011 - October 2012) • Equity Research Analyst - Alchemy Shares and Stock Brokers (June 2009 - July 2011)

Funds managed (5)

All schemes Dikshit Mittal runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Yogesh Patil Dikshit Mittal

Top holdings

Garware Hi-Tech Films Ltd.ICICI Bank Ltd.Avalon Technologies Ltd.Kotak Mahindra Bank Ltd.HDFC Bank Ltd.Lenskart Solutions Ltd.One 97 Communications Ltd.Axis Bank Ltd.Tata Motors Ltd.SRF Ltd.Eternal Ltd.Sun Pharmaceutical Industries Ltd.

LIC in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Multi Cap funds

Multi cap funds must hold at least 25% each in large, mid and small-cap stocks at all times. The fixed minimums give more mid- and small-cap exposure than a flexi cap, and usually more volatility.

Frequently asked questions

What is the NAV of LIC MF Multi Cap Fund?

As of 05 Oct 2026, the NAV of LIC MF Multi Cap Fund is ₹17.81 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Multi Cap Fund delivered?

LIC MF Multi Cap Fund has returned +3.98% over 1 year, +15.19% per year over 3 years and +15.78% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund charges an expense ratio of 2.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund's largest holdings are Garware Hi-Tech Films Ltd. (3.9%), ICICI Bank Ltd. (3.6%), Avalon Technologies Ltd. (3.5%), Kotak Mahindra Bank Ltd. (2.8%) and HDFC Bank Ltd. (2.7%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -19.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.56 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. LIC MF Multi Cap Fund's 0.56 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund is benchmarked against the NIFTY 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Multi Cap Fund?

LIC MF Multi Cap Fund is managed by Yogesh Patil and Dikshit Mittal at LIC.

How is LIC MF Multi Cap Fund taxed?

LIC MF Multi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.