Axis Multicap Fund vs LIC MF Aggressive Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Multicap Fund is a Multi Cap fund and LIC MF Aggressive Hybrid Fund is an Aggressive Hybrid fund. In the 3 years to 30-10-2026, Axis Multicap Fund (Direct) returned 18.7% a year and LIC MF Aggressive Hybrid Fund (Direct) returned 10.6% a year. Axis Multicap Fund charges 0.93% a year and LIC MF Aggressive Hybrid Fund 1.83% (Direct plans). Their portfolios overlap 23.1%: they hold 22 of the same securities.
LIC MF Aggressive Hybrid Fund
Aggressive Hybrid
- 3 year return
- 10.6%
- Expense ratio
- 1.83%
- NAV
- ₹222.92
Which is better, Axis Multicap or LIC MF Aggressive Hybrid? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Multicap returned more over 3 years: 18.7% a year against 10.6%.
- Axis Multicap returned more over 1 year: 3.8% against −2.8%.
- Axis Multicap costs less: 0.93% a year against 1.83% (Direct plans).
- LIC MF Aggressive Hybrid swung less over 3 years: a standard deviation of 11.5% a year against 14.9%.
- LIC MF Aggressive Hybrid fell less in its worst fall since 23-12-2021: −15.1% against −18.1%.
- Axis Multicap holds more in large companies: 39.1% of the fund in large caps against 22.2%.
- Axis Multicap is the larger fund: ₹11,972 Cr against ₹561 Cr.
- Their portfolios overlap 23.1%: 22 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Multicap Fund | LIC MF Aggressive Hybrid Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | LIC Mutual Fund |
| Category | Multi Cap | Aggressive Hybrid |
| AUM | ₹11,972 Cr (30-09-2026) | ₹561 Cr (30-09-2026) |
| NAV | ₹20.12 (Direct) | ₹222.92 (Direct) |
| Expense ratio (Direct) | 0.93% | 1.83% |
| Expense ratio (Regular) | 1.99% | 2.89% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | CRISIL Hybrid 35+65 - Aggressive Index |
| Launch date | 17-12-2021 | 01-01-1991 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nitin Arora, Shreyash Devalkar, Hitesh Das | Siddharth Panjwani, Pratik Harish Shroff |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. |
Axis Multicap vs LIC MF Aggressive Hybrid: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Multicap Fund (Direct) | −1.18% | +0.20% | +7.65% | +3.76% | +18.70% | -- | -- |
| LIC MF Aggressive Hybrid Fund (Direct) | −3.85% | −1.49% | +1.34% | −2.79% | +10.61% | +8.01% | +9.39% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
Category average: the average of the 33 Multi Cap funds and the 29 Aggressive Hybrid funds, same plan type.
Axis Multicap vs LIC MF Aggressive Hybrid: Year-wise Returns
| Year | Axis MulticapAxis Multicap | LIC MF Aggressive HybridLIC MF Aggressive Hybrid |
|---|---|---|
| 2026to date | +5.62% | −2.86% |
| 2025 | +2.42% | +6.73% |
| 2024 | +33.81% | +18.27% |
| 2023 | +38.31% | +20.58% |
| 2022 | −0.20% | −1.07% |
| 2021 | -- | +16.96% |
Axis Multicap vs LIC MF Aggressive Hybrid: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Axis Multicap Fund
Rolling returns
Every 3-year holding period, 463 of them, one for each trading day from 23-12-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Multicap Fund (Direct)
LIC MF Aggressive Hybrid Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Multicap | 0.0 | 0.0 | 0.0 | 0.0 | 16.0 | 71.7 | 12.3 | 22.5% | 22.6% | 17.0% | 29.6% | 100% |
| LIC MF Aggressive Hybrid | 0.0 | 0.0 | 2.6 | 80.5 | 16.8 | 0.0 | 0.0 | 13.3% | 13.3% | 9.2% | 18.5% | 3% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 19.7 | 66.1 | 13.2 | 1.1 | 17.4% | 17.6% | 10.1% | 25.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty500 Multicap 50:25:25 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 23-12-2021. Past returns do not promise future returns.
Axis Multicap vs LIC MF Aggressive Hybrid: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 23-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis MulticapAxis Multicap Fund (Direct) | ₹5,90,000 | ₹8,75,278 | ₹2,85,278 | 16.1% |
| LIC MF Aggressive HybridLIC MF Aggressive Hybrid Fund (Direct) | ₹5,90,000 | ₹7,19,443 | ₹1,29,443 | 8.0% |
Axis MulticapAxis Multicap Fund (Direct)
LIC MF Aggressive HybridLIC MF Aggressive Hybrid Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Axis Multicap vs LIC MF Aggressive Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Multicap Fund (Direct) | LIC MF Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.76% | −2.79% |
| Standard deviation | 15.43% | 12.16% |
| Sharpe ratio | -0.10 | -0.66 |
| Sortino ratio | -0.13 | -0.87 |
| Maximum drawdown | −13.2% (23-03-2026) | −12.4% (30-03-2026) |
| Beta | 1.00 | -- |
| Alpha | +9.82% | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Multicap Fund (Direct) | LIC MF Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.70% | +10.61% |
| Standard deviation | 14.93% | 11.54% |
| Sharpe ratio | 0.85 | 0.40 |
| Sortino ratio | 1.16 | 0.54 |
| Maximum drawdown | −18.1% (28-02-2025) | −15.1% (03-03-2025) |
| Beta | 0.96 | -- |
| Alpha | +7.66% | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Multicap Fund (Direct) | LIC MF Aggressive Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.48% | +9.92% |
| Standard deviation | 13.92% | 12.02% |
| Sharpe ratio | 0.69 | 0.32 |
| Sortino ratio | 0.94 | 0.43 |
| Maximum drawdown | −18.1% (28-02-2025) | −28.2% (23-03-2020) |
| Beta | 0.89 | -- |
| Alpha | +4.98% | -- |
From daily NAVs, 23-12-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Axis Multicap Fund (Direct)
LIC MF Aggressive Hybrid Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Multicap Fund (Direct) | −18.1% | 26-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −5.7% |
| LIC MF Aggressive Hybrid Fund (Direct) | −15.1% | 26-09-2024 | 03-03-2025 | 26-06-2025 | 4 months | −5.9% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 23-12-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Multicap Fund (Direct)
LIC MF Aggressive Hybrid Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Multicap Fund (Direct)
LIC MF Aggressive Hybrid Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Multicap Fund (Direct) | 107% | 87% | 4.95% |
| LIC MF Aggressive Hybrid Fund (Direct) | 73% | 71% | 5.89% |
From month-end values since 23-12-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Multicap vs LIC MF Aggressive Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Multicap Fund, September 2026; LIC MF Aggressive Hybrid Fund, September 2026
Holdings in common
- Overlap
- 23.1%
- Held by both
- 22
- Only in Axis Multicap
- 86
- Only in LIC MF Aggressive Hybrid
- 34
| Security | % of Axis Multicap | % of LIC MF Aggressive Hybrid |
|---|---|---|
| Eternal Limited | 2.41% | 2.57% |
| Multi Commodity Exchange of India Limited | 1.97% | 2.23% |
| Sansera Engineering Limited | 1.77% | 5.01% |
| ICICI Bank Limited | 3.25% | 1.65% |
| Torrent Pharmaceuticals Limited | 1.44% | 2.39% |
| Mahindra & Mahindra Limited | 1.37% | 1.72% |
| Indo-MIM Limited | 1.27% | 5.00% |
| Shriram Finance Limited | 1.91% | 1.23% |
| Bajaj Finance Limited | 1.25% | 1.20% |
| Solar Industries India Limited | 1.15% | 2.74% |
| Samvardhana Motherson International Limited | 1.00% | 2.18% |
| TVS Motor Company Limited | 0.97% | 1.76% |
| FSN E-Commerce Ventures Limited | 0.87% | 2.85% |
| Fortis Healthcare Limited | 1.21% | 0.77% |
| Apollo Hospitals Enterprise Limited | 0.71% | 0.88% |
| Bharat Electronics Limited | 0.66% | 1.13% |
| Azad Engineering Ltd | 0.60% | 2.14% |
| Ujjivan Small Finance Bank Limited | 0.51% | 1.80% |
| One 97 Communications Limited | 0.44% | 1.79% |
| PB Fintech Limited | 0.76% | 0.38% |
| Schaeffler India Limited | 0.37% | 0.88% |
| Tenneco Clean Air India Limited | 0.34% | 0.70% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.1% means 23.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Multicap Fund
| Security | % of fund |
|---|---|
| HDFC Bank Limited | 2.72% |
| Sona BLW Precision Forgings Limited | 2.53% |
| Welspun Corp Limited | 2.35% |
| Apar Industries Limited | 2.03% |
| TD Power Systems Limited | 1.92% |
Largest holdings only in LIC MF Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| Aurobindo Pharma Ltd. | 2.97% |
| Hitachi Energy India Ltd. | 2.78% |
| 7.48% National Bk for Agriculture & Rural Dev. | 2.67% |
| Info Edge (India) Ltd. | 2.67% |
| 7.47% Reliance Industries Ltd. | 2.66% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Multicap | LIC MF Aggressive Hybrid |
|---|---|---|
| Equity | 95.4% | 70.8% |
| Debt | 0.0% | 23.5% |
| Cash and others | 4.6% | 5.8% |
Market cap of stocks
| Market cap | Axis Multicap | LIC MF Aggressive Hybrid |
|---|---|---|
| Large Cap | 39.1% | 22.2% |
| Mid Cap | 23.8% | 25.0% |
| Small Cap | 28.5% | 18.0% |
| Not on AMFI's list | 3.9% | 5.5% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Multicap | LIC MF Aggressive Hybrid |
|---|---|---|
| Banks | 15.2% | 3.5% |
| Auto Components | 10.0% | 8.8% |
| Electrical Equipment | 9.8% | 9.4% |
| Retailing | 5.3% | 9.6% |
| Pharmaceuticals & Biotechnology | 7.8% | 7.4% |
| Automobiles | 5.0% | 3.5% |
| Industrial Manufacturing | 1.3% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Multicap vs LIC MF Aggressive Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Multicap Fund | LIC MF Aggressive Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 1.83% |
| Base expense ratio (Direct) | 0.59% | 1.14% |
| Total expense ratio (Regular) | 1.99% | 2.89% |
| Base expense ratio (Regular) | 1.48% | 2.09% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Axis Multicap with
Compare LIC MF Aggressive Hybrid with
Axis Multicap Fund vs LIC MF Aggressive Hybrid Fund: Frequently Asked Questions
What is the difference between Axis Multicap Fund and LIC MF Aggressive Hybrid Fund?
Axis Multicap Fund is a Multi Cap fund, LIC MF Aggressive Hybrid Fund is an Aggressive Hybrid fund, run by Axis Mutual Fund and LIC Mutual Fund. Their portfolios overlap 23.1%. Axis Multicap Fund charges 0.93% a year and LIC MF Aggressive Hybrid Fund 1.83%.
Which has given higher returns, Axis Multicap Fund or LIC MF Aggressive Hybrid Fund?
Over 1 year: Axis Multicap Fund +3.76%, LIC MF Aggressive Hybrid Fund −2.79%. Over 3 years: Axis Multicap Fund +18.70% a year, LIC MF Aggressive Hybrid Fund +10.61% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Multicap Fund or LIC MF Aggressive Hybrid Fund?
Axis Multicap Fund charges less: 0.93% a year against 1.83%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Multicap Fund and LIC MF Aggressive Hybrid Fund overlap?
23.1%. They hold 22 of the same securities, the largest shared ones being ETERNAL, MCX, SANSERA. From each fund's latest monthly portfolio.
Which is riskier, Axis Multicap Fund or LIC MF Aggressive Hybrid Fund?
On SEBI's riskometer, Axis Multicap Fund is rated Very High and LIC MF Aggressive Hybrid Fund Very High. Over 3 years, the standard deviation of daily returns was 14.93% and 11.54% a year.
Which is better for SIP, Axis Multicap Fund or LIC MF Aggressive Hybrid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,34,373 in Axis Multicap Fund (XIRR 10.4% a year) and ₹3,94,679 in LIC MF Aggressive Hybrid Fund (XIRR 4.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Multicap Fund and LIC MF Aggressive Hybrid Fund?
Yes. 23.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Multicap Fund and LIC MF Aggressive Hybrid Fund?
Axis Multicap Fund: Nitin Arora, Shreyash Devalkar, Hitesh Das. LIC MF Aggressive Hybrid Fund: Siddharth Panjwani, Pratik Harish Shroff.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.