HybridMulti Asset AllocationRegularIDCWHigh

LIC MF Multi Asset Allocation Fund

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

As of 05 Oct 2026, the NAV of LIC MF Multi Asset Allocation Fund is ₹11.89 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 Asset Allocation Fund delivered?

LIC MF Multi Asset Allocation Fund has returned +1.03% over 1 year and +11.24% 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 Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund charges an expense ratio of 2.38% 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 Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund's largest holdings are LIC Mutual Fund (15.1%), Aditya Birla Sun Life Mutual Fund (3.9%), ICICI Bank Ltd. (3.8%), InterGlobe Aviation Ltd. (2.5%) and Axis Bank Ltd. (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is LIC MF Multi Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.8% and its worst peak-to-trough fall in our sample was -13.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

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

LIC MF Multi Asset Allocation Fund is benchmarked against the 65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold. Its alpha and beta on this page are measured against that index.

Q: Who manages LIC MF Multi Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund is managed by Sumit Bhatnagar and Pratik Harish Shroff at LIC.

Q: How is LIC MF Multi Asset Allocation Fund taxed?

LIC MF Multi Asset Allocation 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 Asset Allocation Mutual Funds

NAV

₹11.89

+0.43% 1D

as of 05 Oct 2026

This is the Regular plan of LIC MF Multi Asset Allocation Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

Performance

+0.49%absolute

52-week rangePrev NAV ₹11.84

Latest ₹11.89

Low ₹10.8262nd percentile of its 52-week rangeHigh ₹12.54

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.38%

Category —

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

27.19

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

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

None

1. If units of the Scheme are redeemed / switched-out within 3 months from the date of allotment: a. Upto 12% of the units: No exit load will be levied b. Above 12% of the units: exit load of 1% of applicable NAV will be levied 2. If units of the Scheme are redeemed / switched-out after 3 months from the date of allotment: No exit load will be levied.

Up to 1.00%

tiered — see the full terms

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

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold

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.

18 Feb 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

-4.01%

Absolute return over the last 3 months (not annualized)

-1.31%

Absolute return over the last 6 months (not annualized)

+7.10%

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

-2.92%

Annualized returns (≥1Y — CAGR)

Definitions

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

+1.03%

3-year annualized return (CAGR)

—

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.

+11.24%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.84%

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

—

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

—

Largest peak-to-trough decline over full history

-13.67%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

—

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 50 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty 50 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 Asset Allocation)

Period	Fund	Category avg.	Diff
1M abs	-4.01%	—	—
3M abs	-1.31%	—	—
6M abs	+7.10%	—	—
1Y CAGR	+1.03%	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Multi Asset Allocation, 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.

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

₹1.20L

Current value

₹1.19L

Absolute

-0.76%

XIRR

-1.65%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into LIC MF Multi Asset Allocation 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 50 TRI	Diff
2026part	-2.92%	-12.85%	+9.93%
2025part	+22.49%	—	—

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

400

Expense ratio

2.38%

AUM

₹950.26Cr

Portfolio turnover

75%

Exit load

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

P/E ratio

27.2

P/B ratio

5.3

Avg market cap

₹2,29,431Cr

P/E & P/B are portfolio-weighted harmonic means across 37 of 48 equity holdings (53% 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 Asset Allocation

Compare all


LIC MF Multi Asset Allocation FundThis fund LIC · Regular · IDCW	—	+1.03%	—	—	—	2.38%	₹950.26Cr
Quant Multi Asset Allocation Fund quant · Regular · IDCW	—	+11.87%	+20.82%	+17.00%	—	2.29%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Regular · IDCW	—	+0.73%	+14.52%	+12.18%	—	1.44%	₹15,069Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Regular · IDCW	—	+2.53%	+13.26%	—	—	1.77%	₹13,629Cr
SBI Multi Asset Allocation Fund SBI · Regular · IDCW	—	+6.37%	+13.20%	+11.86%	—	1.41%	₹17,976Cr
SBI Multi Asset Allocation Fund SBI · Regular · IDCW	—	+6.37%	+13.19%	+11.85%	—	1.41%	₹17,976Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 98% of the equity sleeve priced.

Large cap48.9%
Mid cap25.9%
Small cap25.1%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity68.53%
Other18.95%
Debt11.35%
Cash & Equivalents1.20%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
LIC MF Large Cap Fund LIC · Large Cap Fund	45.5%	★☆☆☆☆	1.37%	+7.26%
LIC MF Balanced Advantage Fund LIC · Dynamic Asset Allocation or Balanced Advantage	38.3% of 78% equity	★★☆☆☆	1.43%	+7.90%
Axis ELSS- Tax Saver Fund Axis · ELSS	37.1%	★★★☆☆	1.05%	+9.34%
Kotak Dividend Yield Fund Kotak Mahindra · Dividend Yield Fund	35.9%	—	1.10%	—
Baroda BNP Paribas Retirement Fund Baroda BNP Paribas · Retirement Fund	35.7% of 72% equity	★★★★☆	1.16%	—
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	35.4%	★★★★☆	0.63%	+9.16%
Invesco India Large Cap Fund Invesco · Large Cap Fund	35.3%	★★★★☆	0.91%	+12.99%
LIC MF ELSS Tax Saver Fund LIC · ELSS	35.0%	★★☆☆☆	1.31%	+8.99%

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)

1 holding — 1.72% 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.

PB Fintech LimitedShort-term · Stage I1.72%

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.

-13.7%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.

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

₹950.26Cr

April - June 2026

+2%

since January - March 2026

+₹33.13Cr

est. net flow, last quarter

At or near its largest, ₹950.26Cr 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

SBSumit BhatnagarManaging since 14 Feb 2025

Role

Fund Manager - Equity

Education

• MBA (Finance) – Rotman School of Management, university of Toronto • CFA – CFA Institute, USA • MBA (Finance) – I.M.S., Devi Ahilya University, Indore • BBA – P.I.M.R, Devi Ahilya University, Indore

Experience

Mr. Sumit Bhatnagar has an overall experience of 25 years in financial markets. – • Fund Manager of (Equity) – LIC Mutual Fund Asset Management Limited (With – rd effect from 3 October 2023) • Fund Manager (Equity) – Indiabulls Asset – Management Co. Ltd. (May 2021 – June 2023) • Head – Equity - Indiabulls Asset Management Co. Ltd. (February 2009 – January 2019)

Funds managed (16)

All schemes Sumit Bhatnagar runs →

PSPratik Harish ShroffManaging since 14 Feb 2025

Role

Fund Manager – Fixed Income

Experience

Over 18 years of experience in the Banking and Financial Services Industry. • Fund Manager (Fixed Income)- LIC Mutual Fund Asset Management Ltd. (with effect from 18th September 2023) • Senior Associate Director Treasury – CTBC Bank LTD (February 2023 to September 2023) • Deputy Vice president GMG – IndusInd Bank Limited (August 2021 to February 2023) • Vice President Treasury – Industrial and Commercial Bank of China (November 2018 to August 2021) • Dealer Fixed Income – Tata Mutual Fund (October 2012 to November 2018) • Associate Vice President – LKP Securities (May 2007 – October 2012)

Funds managed (15)

All schemes Pratik Harish Shroff runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Sumit Bhatnagar Pratik Harish Shroff

Top holdings

ICICI Bank Ltd.InterGlobe Aviation Ltd.Axis Bank Ltd.Larsen & Toubro Ltd.SML Mahindra Ltd.Multi Commodity Exchange Of India Ltd.Bharti Airtel Ltd.Karur Vysya Bank Ltd.Jindal Stainless Ltd.State Bank of India Sun Pharmaceutical Industries Ltd.Godfrey Phillips India 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.

Run SIP calculator Add to compare

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 Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of LIC MF Multi Asset Allocation Fund?

As of 05 Oct 2026, the NAV of LIC MF Multi Asset Allocation Fund is ₹11.89 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has LIC MF Multi Asset Allocation Fund delivered?

LIC MF Multi Asset Allocation Fund has returned +1.03% over 1 year and +11.24% 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 Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund charges an expense ratio of 2.38% 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 Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund's largest holdings are LIC Mutual Fund (15.1%), Aditya Birla Sun Life Mutual Fund (3.9%), ICICI Bank Ltd. (3.8%), InterGlobe Aviation Ltd. (2.5%) and Axis Bank Ltd. (2.5%). Holdings are disclosed monthly and change over time.

How risky is LIC MF Multi Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.8% and its worst peak-to-trough fall in our sample was -13.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of LIC MF Multi Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund is benchmarked against the 65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold. Its alpha and beta on this page are measured against that index.

Who manages LIC MF Multi Asset Allocation Fund?

LIC MF Multi Asset Allocation Fund is managed by Sumit Bhatnagar and Pratik Harish Shroff at LIC.

How is LIC MF Multi Asset Allocation Fund taxed?

LIC MF Multi Asset Allocation 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.