LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF BSE Sensex ETF is an ETF fund and Shriram Multi Sector Rotation Fund is a Thematic fund. In the year to 30-10-2026, LIC MF BSE Sensex ETF returned −11.0% and Shriram Multi Sector Rotation Fund (Direct) returned −3.6%. LIC MF BSE Sensex ETF charges 0.12% a year and Shriram Multi Sector Rotation Fund 0.98%. Their portfolios overlap 38.4%: they hold 14 of the same securities.
Shriram Multi Sector Rotation Fund
Thematic
- 1 year return
- −3.6%
- Expense ratio
- 0.98%
- NAV
- ₹7.85
Which is better, LIC MF BSE Sensex ETF or Shriram Multi Sector Rotation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Multi Sector Rotation returned more over 1 year: −3.6% against −11.0%.
- LIC MF BSE Sensex ETF costs less: 0.12% a year against 0.98%.
- LIC MF BSE Sensex ETF fell less in its worst fall since 13-12-2024: −16.1% against −29.6%.
- LIC MF BSE Sensex ETF holds more in large companies: 99.9% of the fund in large caps against 58.5%.
- LIC MF BSE Sensex ETF is the larger fund: ₹676 Cr against ₹148 Cr.
- Their portfolios overlap 38.4%: 14 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 | LIC MF BSE Sensex ETF | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Shriram Mutual Fund |
| Category | ETF | Thematic |
| AUM | ₹676 Cr (30-09-2026) | ₹148 Cr (30-09-2026) |
| NAV | ₹842.05 | ₹7.85 (Direct) |
| Expense ratio (Direct) | Not available | 0.98% |
| Expense ratio (Regular) | Not available | 2.71% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | Nifty 500 TRI |
| Launch date | 30-11-2015 | 09-12-2024 |
| Minimum investment | 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 | ₹500 |
| Lock in | None | None |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Hitesh Savanth, Prateek Nigudkar |
| Exit load | Nil | • 1% of the applicable NAV, if redeemed within 3 months from the date of allotment. • Nil if redeemed after 3 months from the date of allotment |
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation: 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 |
|---|---|---|---|---|---|---|---|
| LIC MF BSE Sensex ETF | +2.76% | −4.31% | −2.45% | −11.01% | +6.18% | +5.79% | +11.51% |
| Shriram Multi Sector Rotation Fund (Direct) | −0.34% | −6.60% | +0.66% | −3.64% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation: Year-wise Returns
| Year | LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF | Shriram Multi Sector RotationShriram Multi Sector Rotation |
|---|---|---|
| 2026to date | −11.89% | −4.94% |
| 2025 | +10.26% | −17.99% |
| 2024 | +9.28% | -- |
| 2023 | +20.18% | -- |
| 2022 | +5.75% | -- |
| 2021 | +22.96% | -- |
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of LIC MF BSE Sensex ETF
Rolling returns
Every 1-year holding period, 216 of them, one for each trading day from 15-12-2025 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.
LIC MF BSE Sensex ETF
Shriram Multi Sector Rotation Fund (Direct)
BSE SENSEX TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF BSE Sensex ETF | 65.3 | 7.4 | 18.1 | 9.3 | 0.0 | 0.0 | 0.0 | −1.1% | −3.4% | −12.7% | 11.7% | 0% |
| Shriram Multi Sector Rotation | 45.6 | 35.3 | 13.0 | 6.0 | 0.0 | 0.0 | 0.0 | −0.4% | 0.2% | −20.3% | 12.4% | 59% |
| BSE SENSEX TRI | 65.3 | 6.9 | 18.5 | 9.3 | 0.0 | 0.0 | 0.0 | −1.0% | −3.2% | −12.6% | 11.8% | -- |
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 BSE SENSEX 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 13-12-2024. Past returns do not promise future returns.
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation: 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 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF | ₹2,30,000 | ₹2,19,451 | −₹10,549 | −4.6% |
| Shriram Multi Sector RotationShriram Multi Sector Rotation Fund (Direct) | ₹2,30,000 | ₹2,22,911 | −₹7,089 | −3.1% |
LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF
Shriram Multi Sector RotationShriram Multi Sector Rotation 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.
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF BSE Sensex ETF | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.01% | −3.64% |
| Standard deviation | 13.98% | 15.39% |
| Sharpe ratio | -1.16 | -0.58 |
| Sortino ratio | -1.55 | -0.78 |
| Maximum drawdown | −16.1% (31-03-2026) | −15.7% (31-03-2026) |
| Beta | 1.00 | 1.02 |
| Alpha | −0.11% | +4.01% |
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 | LIC MF BSE Sensex ETF | Shriram Multi Sector Rotation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.30% | −12.07% |
| Standard deviation | 16.03% | 16.03% |
| Sharpe ratio | 0.36 | -1.10 |
| Sortino ratio | 0.50 | -1.40 |
| Maximum drawdown | −37.9% (23-03-2020) | −29.6% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.10% | −9.60% |
From daily NAVs, 01-12-2015 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.
LIC MF BSE Sensex ETF
Shriram Multi Sector Rotation Fund (Direct)
BSE SENSEX TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF BSE Sensex ETF | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −12.4% |
| Shriram Multi Sector Rotation Fund (Direct) | −29.6% | 31-12-2024 | 31-03-2026 | Not yet | -- | −22.0% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 13-12-2024, 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.
LIC MF BSE Sensex ETF
Shriram Multi Sector Rotation Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF BSE Sensex ETF | 100% | 100% | 0.04% |
| Shriram Multi Sector Rotation Fund (Direct) | 98% | 151% | 14.07% |
From month-end values since 13-12-2024. 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.
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF BSE Sensex ETF, September 2026; Shriram Multi Sector Rotation Fund, September 2026
Holdings in common
- Overlap
- 38.4%
- Held by both
- 14
- Only in LIC MF BSE Sensex ETF
- 16
- Only in Shriram Multi Sector Rotation
- 27
| Security | % of LIC MF BSE Sensex ETF | % of Shriram Multi Sector Rotation |
|---|---|---|
| HDFC Bank Ltd. | 12.57% | 7.77% |
| Axis Bank Ltd. | 4.10% | 5.71% |
| State Bank of India | 4.60% | 4.06% |
| Reliance Industries Ltd. | 9.08% | 3.84% |
| Bharti Airtel Ltd. | 6.32% | 3.11% |
| Mahindra & Mahindra Ltd. | 3.08% | 3.38% |
| Eternal Ltd. | 2.75% | 5.59% |
| Tata Consultancy Services Ltd. | 2.42% | 2.31% |
| Adani Ports & Special Economic Zone Ltd. | 1.62% | 3.55% |
| Infosys Ltd. | 4.08% | 1.39% |
| Maruti Suzuki India Ltd. | 1.80% | 1.34% |
| InterGlobe Aviation Ltd. | 1.30% | 2.76% |
| Tech Mahindra Ltd. | 1.13% | 2.00% |
| Sun Pharmaceutical Industries Ltd. | 2.29% | 0.56% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.4% means 38.4% 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 LIC MF BSE Sensex ETF
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 10.96% |
| Larsen & Toubro Ltd. | 5.09% |
| Kotak Mahindra Bank Ltd. | 3.58% |
| Bajaj Finance Ltd. | 3.01% |
| ITC Ltd. | 2.96% |
Largest holdings only in Shriram Multi Sector Rotation Fund
| Security | % of fund |
|---|---|
| Samvardhana Motherson International Ltd. | 3.16% |
| Apollo Hospitals Enterprise Ltd. | 3.14% |
| Nuvama Wealth Management Ltd. | 2.78% |
| Samhi Hotels Ltd. | 2.76% |
| Computer Age Management Services Ltd. | 2.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF BSE Sensex ETF | Shriram Multi Sector Rotation |
|---|---|---|
| Equity | 99.9% | 99.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.2% |
Market cap of stocks
| Market cap | LIC MF BSE Sensex ETF | Shriram Multi Sector Rotation |
|---|---|---|
| Large Cap | 99.9% | 58.5% |
| Mid Cap | 0.0% | 9.8% |
| Small Cap | 0.0% | 31.5% |
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 | LIC MF BSE Sensex ETF | Shriram Multi Sector Rotation |
|---|---|---|
| Banks | 35.8% | 20.2% |
| Healthcare Services | 0.0% | 9.6% |
| Capital Markets | 0.0% | 9.2% |
| IT - Software | 9.1% | 7.7% |
| Petroleum Products | 9.1% | 3.8% |
| Retailing | 3.8% | 7.3% |
| Telecom - Services | 6.3% | 3.1% |
| Auto Components | 0.0% | 6.1% |
| Construction | 5.1% | 0.0% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF BSE Sensex ETF | Shriram Multi Sector Rotation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.98% |
| Base expense ratio (Direct) | 0.00% | 0.60% |
| Total expense ratio (Regular) | Not available | 2.71% |
| Base expense ratio (Regular) | 0.09% | 2.10% |
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 Shriram Multi Sector Rotation with
LIC MF BSE Sensex ETF vs Shriram Multi Sector Rotation Fund: Frequently Asked Questions
What is the difference between LIC MF BSE Sensex ETF and Shriram Multi Sector Rotation Fund?
LIC MF BSE Sensex ETF is an ETF fund, Shriram Multi Sector Rotation Fund is a Thematic fund, run by LIC Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 38.4%. LIC MF BSE Sensex ETF charges 0.12% a year and Shriram Multi Sector Rotation Fund 0.98%.
Which has given higher returns, LIC MF BSE Sensex ETF or Shriram Multi Sector Rotation Fund?
Over 1 year: LIC MF BSE Sensex ETF −11.01%, Shriram Multi Sector Rotation Fund −3.64%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF BSE Sensex ETF or Shriram Multi Sector Rotation Fund?
LIC MF BSE Sensex ETF charges less: 0.12% a year against 0.98%. These are the total expense ratios reported to AMFI.
How much do LIC MF BSE Sensex ETF and Shriram Multi Sector Rotation Fund overlap?
38.4%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, LIC MF BSE Sensex ETF or Shriram Multi Sector Rotation Fund?
On SEBI's riskometer, LIC MF BSE Sensex ETF is rated Very High and Shriram Multi Sector Rotation Fund Very High. Over 1 years, the standard deviation of daily returns was 13.98% and 15.39% a year.
Can I invest in both LIC MF BSE Sensex ETF and Shriram Multi Sector Rotation Fund?
Yes. 38.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF BSE Sensex ETF and Shriram Multi Sector Rotation Fund?
LIC MF BSE Sensex ETF: Nikhil Kapoor, Sasikant Aravamuthan. Shriram Multi Sector Rotation Fund: Hitesh Savanth, Prateek Nigudkar.
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.