Bank of India Multi Asset Allocation Fund vs LIC MF Nifty 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bank of India Multi Asset Allocation Fund is a Multi Asset fund and LIC MF Nifty 100 ETF is an ETF fund. In the year to 30-10-2026, Bank of India Multi Asset Allocation Fund (Direct) returned 3.4% and LIC MF Nifty 100 ETF returned −8.9%. Bank of India Multi Asset Allocation Fund charges 1.03% a year and LIC MF Nifty 100 ETF 0.30%. Their portfolios overlap 21.2%: they hold 23 of the same securities.
Bank of India Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 3.4%
- Expense ratio
- 1.03%
- NAV
- ₹12.40
Which is better, Bank of India Multi Asset Allocation or LIC MF Nifty 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Multi Asset Allocation returned more over 1 year: 3.4% against −8.9%.
- LIC MF Nifty 100 ETF costs less: 0.30% a year against 1.03%.
- Bank of India Multi Asset Allocation fell less in its worst fall since 01-03-2024: −9.4% against −17.3%.
- LIC MF Nifty 100 ETF holds more in large companies: 97.6% of the fund in large caps against 28.6%.
- LIC MF Nifty 100 ETF is the larger fund: ₹698 Cr against ₹369 Cr.
- Their portfolios overlap 21.2%: 23 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 | Bank of India Multi Asset Allocation Fund | LIC MF Nifty 100 ETF |
|---|---|---|
| Fund house | Bank of India Mutual Fund | LIC Mutual Fund |
| Category | Multi Asset | ETF |
| AUM | ₹369 Cr (30-09-2026) | ₹698 Cr (30-09-2026) |
| NAV | ₹12.40 (Direct) | ₹263.09 |
| Expense ratio (Direct) | 1.03% | Not available |
| Expense ratio (Regular) | 2.18% | Not available |
| Riskometer | High | Very High |
| Benchmark | 40% Nifty500 TRI + 40% Nifty Composite Debt Index + 15% Domestic Prices of Gold + 5% Domestic Prices of Silver | Nifty 100 TRI |
| Launch date | 28-02-2024 | 17-03-2016 |
| Minimum investment | ₹5,000 | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any |
| Lock in | None | None |
| Fund managers | Mithraem Bharucha, amp, Nilesh Jethani | Nikhil Kapoor, Sasikant Aravamuthan |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Nil |
Bank of India Multi Asset Allocation vs LIC MF Nifty 100 ETF: 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 |
|---|---|---|---|---|---|---|---|
| Bank of India Multi Asset Allocation Fund (Direct) | −3.82% | −3.73% | −2.00% | +3.36% | -- | -- | -- |
| LIC MF Nifty 100 ETF | +1.02% | −5.36% | −3.05% | −8.92% | +8.77% | +6.92% | +11.38% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Bank of India Multi Asset Allocation vs LIC MF Nifty 100 ETF: Year-wise Returns
| Year | Bank of India Multi Asset AllocationBank of India Multi Asset Allocation | LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF |
|---|---|---|
| 2026to date | +1.40% | −9.51% |
| 2025 | +11.42% | +9.95% |
| 2024 | -- | +12.58% |
| 2023 | -- | +20.76% |
| 2022 | -- | +4.76% |
| 2021 | -- | +25.98% |
Bank of India Multi Asset Allocation vs LIC MF Nifty 100 ETF: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of LIC MF Nifty 100 ETF
Rolling returns
Every 1-year holding period, 402 of them, one for each trading day from 03-03-2025 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.
Bank of India Multi Asset Allocation Fund (Direct)
LIC MF Nifty 100 ETF
Nifty 100 TRI
to
Apr 2025Aug 2024
to
Aug 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 2026Sept 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Multi Asset Allocation | 0.0 | 11.4 | 40.0 | 33.8 | 12.7 | 2.0 | 0.0 | 10.0% | 9.5% | 2.3% | 23.4% | 92% |
| LIC MF Nifty 100 ETF | 35.6 | 27.8 | 26.8 | 9.8 | 0.0 | 0.0 | 0.0 | 2.7% | 2.2% | −10.7% | 15.0% | 0% |
| Nifty 100 TRI | 34.8 | 26.6 | 26.9 | 11.2 | 0.5 | 0.0 | 0.0 | 3.0% | 2.4% | −10.5% | 15.3% | -- |
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 Nifty 100 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 01-03-2024. Past returns do not promise future returns.
Bank of India Multi Asset Allocation vs LIC MF Nifty 100 ETF: 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 01-03-2024 to 30-10-2026: 32 instalments, ₹3,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Multi Asset AllocationBank of India Multi Asset Allocation Fund (Direct) | ₹3,20,000 | ₹3,44,847 | ₹24,847 | 5.6% |
| LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | ₹3,20,000 | ₹3,11,852 | −₹8,148 | −1.9% |
Bank of India Multi Asset AllocationBank of India Multi Asset Allocation Fund (Direct)
LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF
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.
Bank of India Multi Asset Allocation vs LIC MF Nifty 100 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Multi Asset Allocation Fund (Direct) | LIC MF Nifty 100 ETF |
|---|---|---|
| Return (CAGR) | +3.36% | −8.92% |
| Standard deviation | 9.58% | 14.02% |
| Sharpe ratio | -0.20 | -1.01 |
| Sortino ratio | -0.26 | -1.34 |
| Maximum drawdown | −8.2% (23-10-2026) | −14.9% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.26% |
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 | Bank of India Multi Asset Allocation Fund (Direct) | LIC MF Nifty 100 ETF |
|---|---|---|
| Return (CAGR) | +8.35% | +12.32% |
| Standard deviation | 8.97% | 15.80% |
| Sharpe ratio | 0.27 | 0.43 |
| Sortino ratio | 0.36 | 0.59 |
| Maximum drawdown | −9.4% (28-02-2025) | −38.0% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.32% |
From daily NAVs, 01-03-2024 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.
Bank of India Multi Asset Allocation Fund (Direct)
LIC MF Nifty 100 ETF
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Multi Asset Allocation Fund (Direct) | −9.4% | 11-12-2024 | 28-02-2025 | 26-05-2025 | 3 months | −7.4% |
| LIC MF Nifty 100 ETF | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.5% |
| Nifty 100 TRI | −17.2% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −10.1% |
From daily values since 01-03-2024, 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.
Bank of India Multi Asset Allocation Fund (Direct)
LIC MF Nifty 100 ETF
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Bank of India Multi Asset Allocation Fund (Direct) | 60% | 25% | 9.25% |
| LIC MF Nifty 100 ETF | 99% | 100% | 0.06% |
From month-end values since 01-03-2024. 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.
Bank of India Multi Asset Allocation vs LIC MF Nifty 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Multi Asset Allocation Fund, September 2026; LIC MF Nifty 100 ETF, September 2026
Holdings in common
- Overlap
- 21.2%
- Held by both
- 23
- Only in Bank of India Multi Asset Allocation
- 41
- Only in LIC MF Nifty 100 ETF
- 77
| Security | % of Bank of India Multi Asset Allocation | % of LIC MF Nifty 100 ETF |
|---|---|---|
| State Bank of India | 3.12% | 3.05% |
| ICICI Bank Limited | 2.25% | 7.28% |
| HDFC Bank Limited | 2.21% | 8.34% |
| Titan Company Limited | 1.32% | 1.46% |
| Vedanta Aluminium Metal Limited | 1.33% | 1.10% |
| Shriram Finance Limited | 1.73% | 1.07% |
| Adani Ports and Special Economic Zone Limited | 1.02% | 1.05% |
| UltraTech Cement Limited | 1.14% | 1.01% |
| Tech Mahindra Limited | 1.36% | 0.75% |
| Mahindra & Mahindra Limited | 0.74% | 2.02% |
| Bajaj Auto Limited | 0.71% | 0.91% |
| Tata Motors Ltd | 1.20% | 0.69% |
| Apollo Hospitals Enterprise Limited | 0.63% | 0.66% |
| Hindustan Aeronautics Limited | 0.63% | 0.69% |
| Bharti Airtel Limited | 0.57% | 4.10% |
| Reliance Industries Limited | 0.56% | 6.09% |
| BSE Limited | 0.54% | 0.74% |
| Bharat Electronics Limited | 0.53% | 1.06% |
| Power Grid Corporation of India Limited | 0.51% | 0.92% |
| HDFC Asset Management Company Limited | 1.30% | 0.37% |
| Vedanta Limited | 0.62% | 0.34% |
| Bank of Baroda | 2.52% | 0.33% |
| Canara Bank | 0.97% | 0.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 21.2% means 21.2% 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 Bank of India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.44% Indian Railway Finance Corporation Limited (28/02/2034) | 6.64% |
| DSP Gold ETF | 6.00% |
| ICICI Prudential Gold ETF | 5.83% |
| 8.1167% Bajaj Finance Limited (10/05/2027) | 4.88% |
| Nippon India ETF Gold Bees | 3.38% |
Largest holdings only in LIC MF Nifty 100 ETF
| Security | % of fund |
|---|---|
| Larsen & Toubro Ltd. | 3.38% |
| Axis Bank Ltd. | 2.71% |
| Infosys Ltd. | 2.70% |
| Kotak Mahindra Bank Ltd. | 2.36% |
| Bajaj Finance Ltd. | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Multi Asset Allocation | LIC MF Nifty 100 ETF |
|---|---|---|
| Equity | 56.0% | 99.7% |
| Debt | 20.8% | 0.0% |
| Cash and others | 23.2% | 0.3% |
Market cap of stocks
| Market cap | Bank of India Multi Asset Allocation | LIC MF Nifty 100 ETF |
|---|---|---|
| Large Cap | 28.6% | 97.6% |
| Mid Cap | 4.8% | 2.0% |
| Small Cap | 22.6% | 0.0% |
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 | Bank of India Multi Asset Allocation | LIC MF Nifty 100 ETF |
|---|---|---|
| Banks | 11.1% | 24.9% |
| Petroleum Products | 0.6% | 7.0% |
| IT - Software | 2.0% | 6.7% |
| Automobiles | 1.4% | 6.3% |
| Finance | 4.0% | 6.2% |
| Capital Markets | 5.6% | 1.1% |
| Pharmaceuticals & Biotechnology | 1.0% | 4.4% |
| Telecom - Equipment & Accessories | 3.8% | 0.0% |
| Electrical Equipment | 3.1% | 1.5% |
| Consumer Durables | 2.4% | 2.3% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Multi Asset Allocation vs LIC MF Nifty 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Multi Asset Allocation Fund | LIC MF Nifty 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | Not available |
| Base expense ratio (Direct) | 0.70% | 0.00% |
| Total expense ratio (Regular) | 2.18% | Not available |
| Base expense ratio (Regular) | 1.67% | 0.24% |
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 Bank of India Multi Asset Allocation with
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- Bank of India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Bank of India Multi Asset Allocation Fund vs LIC MF Nifty 100 ETF: Frequently Asked Questions
What is the difference between Bank of India Multi Asset Allocation Fund and LIC MF Nifty 100 ETF?
Bank of India Multi Asset Allocation Fund is a Multi Asset fund, LIC MF Nifty 100 ETF is an ETF fund, run by Bank of India Mutual Fund and LIC Mutual Fund. Their portfolios overlap 21.2%. Bank of India Multi Asset Allocation Fund charges 1.03% a year and LIC MF Nifty 100 ETF 0.30%.
Which has given higher returns, Bank of India Multi Asset Allocation Fund or LIC MF Nifty 100 ETF?
Over 1 year: Bank of India Multi Asset Allocation Fund +3.36%, LIC MF Nifty 100 ETF −8.92%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Multi Asset Allocation Fund or LIC MF Nifty 100 ETF?
LIC MF Nifty 100 ETF charges less: 0.30% a year against 1.03%. These are the total expense ratios reported to AMFI.
How much do Bank of India Multi Asset Allocation Fund and LIC MF Nifty 100 ETF overlap?
21.2%. They hold 23 of the same securities, the largest shared ones being SBIN, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Bank of India Multi Asset Allocation Fund or LIC MF Nifty 100 ETF?
On SEBI's riskometer, Bank of India Multi Asset Allocation Fund is rated High and LIC MF Nifty 100 ETF Very High. Over 1 years, the standard deviation of daily returns was 9.58% and 14.02% a year.
Can I invest in both Bank of India Multi Asset Allocation Fund and LIC MF Nifty 100 ETF?
Yes. 21.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Bank of India Multi Asset Allocation Fund and LIC MF Nifty 100 ETF?
Bank of India Multi Asset Allocation Fund: Mithraem Bharucha, amp, Nilesh Jethani. LIC MF Nifty 100 ETF: Nikhil Kapoor, Sasikant Aravamuthan.
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.