LIC MF BSE Sensex ETF vs Sundaram Flexicap 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 Sundaram Flexicap Fund is a Flexi Cap fund. In the 3 years to 30-10-2026, LIC MF BSE Sensex ETF returned 6.2% a year and Sundaram Flexicap Fund (Direct) returned 8.5% a year. LIC MF BSE Sensex ETF charges 0.12% a year and Sundaram Flexicap Fund 0.87%. Their portfolios overlap 49.9%: they hold 17 of the same securities.
Sundaram Flexicap Fund
Flexi Cap
- 3 year return
- 8.5%
- Expense ratio
- 0.87%
- NAV
- ₹14.35
Which is better, LIC MF BSE Sensex ETF or Sundaram Flexicap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Sundaram Flexicap returned more over 3 years: 8.5% a year against 6.2%.
- Sundaram Flexicap returned more over 1 year: −10.2% against −11.0%.
- LIC MF BSE Sensex ETF costs less: 0.12% a year against 0.87%.
- Sundaram Flexicap swung less over 3 years: a standard deviation of 13.1% a year against 13.3%.
- Sundaram Flexicap fell less in its worst fall since 07-09-2022: −15.7% against −16.1%.
- LIC MF BSE Sensex ETF holds more in large companies: 99.9% of the fund in large caps against 62.4%.
- Sundaram Flexicap is the larger fund: ₹1,837 Cr against ₹676 Cr.
- Their portfolios overlap 49.9%: 17 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 | Sundaram Flexicap Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Sundaram Mutual Fund |
| Category | ETF | Flexi Cap |
| AUM | ₹676 Cr (30-09-2026) | ₹1,837 Cr (30-09-2026) |
| NAV | ₹842.05 | ₹14.35 (Direct) |
| Expense ratio (Direct) | Not available | 0.87% |
| Expense ratio (Regular) | Not available | 2.17% |
| Riskometer | Very High | Very High |
| Benchmark | BSE SENSEX TRI | Nifty 500 TRI |
| Launch date | 30-11-2015 | 12-09-2022 |
| 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 | ₹100 |
| Lock in | None | None |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Bharath S, Sandeep Agarwal, Shalav Saket |
| Exit load | Nil | Exit Load for units in excess of 25% of the investment,1% will be charged for redemption within 365 days. |
LIC MF BSE Sensex ETF vs Sundaram Flexicap: 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% |
| Sundaram Flexicap Fund (Direct) | −1.22% | −6.45% | −5.26% | −10.21% | +8.49% | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | -- | -- |
Category average: the average of the 46 Flexi Cap funds, same plan type.
LIC MF BSE Sensex ETF vs Sundaram Flexicap: Year-wise Returns
| Year | LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF | Sundaram FlexicapSundaram Flexicap |
|---|---|---|
| 2026to date | −11.89% | −10.90% |
| 2025 | +10.26% | +8.64% |
| 2024 | +9.28% | +16.31% |
| 2023 | +20.18% | +26.25% |
| 2022 | +5.75% | -- |
| 2021 | +22.96% | -- |
LIC MF BSE Sensex ETF vs Sundaram Flexicap: Rolling Returns
Every holding period of both funds, against BSE SENSEX TRI, the benchmark of LIC MF BSE Sensex ETF
Rolling returns
Every 3-year holding period, 282 of them, one for each trading day from 08-09-2025 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
Sundaram Flexicap Fund (Direct)
BSE SENSEX TRI
to
Oct 2025Dec 2022
to
Dec 2025Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF BSE Sensex ETF | 0.0 | 7.4 | 42.9 | 49.6 | 0.0 | 0.0 | 0.0 | 9.7% | 9.9% | 3.8% | 14.2% | 0% |
| Sundaram Flexicap | 0.0 | 0.0 | 13.9 | 37.4 | 48.8 | 0.0 | 0.0 | 13.7% | 14.9% | 7.0% | 17.9% | 100% |
| BSE SENSEX TRI | 0.0 | 6.4 | 43.3 | 50.4 | 0.0 | 0.0 | 0.0 | 9.8% | 10.1% | 3.9% | 14.4% | -- |
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 07-09-2022. Past returns do not promise future returns.
LIC MF BSE Sensex ETF vs Sundaram Flexicap: 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 01-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF | ₹5,00,000 | ₹5,27,571 | ₹27,571 | 2.5% |
| Sundaram FlexicapSundaram Flexicap Fund (Direct) | ₹5,00,000 | ₹5,51,834 | ₹51,834 | 4.7% |
LIC MF BSE Sensex ETFLIC MF BSE Sensex ETF
Sundaram FlexicapSundaram Flexicap 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 Sundaram Flexicap: 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 | Sundaram Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −11.01% | −10.21% |
| Standard deviation | 13.98% | 14.30% |
| Sharpe ratio | -1.16 | -1.08 |
| Sortino ratio | -1.55 | -1.44 |
| Maximum drawdown | −16.1% (31-03-2026) | −15.1% (31-03-2026) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.11% | −3.19% |
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 | Sundaram Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.18% | +8.49% |
| Standard deviation | 13.27% | 13.15% |
| Sharpe ratio | 0.01 | 0.19 |
| Sortino ratio | 0.02 | 0.26 |
| Maximum drawdown | −16.1% (31-03-2026) | −15.7% (03-03-2025) |
| Beta | 1.00 | 0.90 |
| Alpha | −0.14% | −1.31% |
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 | LIC MF BSE Sensex ETF | Sundaram Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.30% | +9.07% |
| Standard deviation | 16.03% | 12.19% |
| Sharpe ratio | 0.36 | 0.24 |
| Sortino ratio | 0.50 | 0.32 |
| Maximum drawdown | −37.9% (23-03-2020) | −15.7% (03-03-2025) |
| Beta | 1.00 | 0.89 |
| Alpha | −0.10% | −0.51% |
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
Sundaram Flexicap 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% |
| Sundaram Flexicap Fund (Direct) | −15.7% | 26-09-2024 | 03-03-2025 | 17-09-2025 | 7 months | −11.6% |
| BSE SENSEX TRI | −16.1% | 02-01-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 07-09-2022, 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
Sundaram Flexicap Fund (Direct)
BSE SENSEX 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.
LIC MF BSE Sensex ETF
Sundaram Flexicap Fund (Direct)
BSE SENSEX TRI
Against BSE SENSEX TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF BSE Sensex ETF | 100% | 100% | 0.05% |
| Sundaram Flexicap Fund (Direct) | 102% | 89% | 4.49% |
From month-end values since 07-09-2022. 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 Sundaram Flexicap: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF BSE Sensex ETF, September 2026; Sundaram Flexicap Fund, September 2026
Holdings in common
- Overlap
- 49.9%
- Held by both
- 17
- Only in LIC MF BSE Sensex ETF
- 13
- Only in Sundaram Flexicap
- 36
| Security | % of LIC MF BSE Sensex ETF | % of Sundaram Flexicap |
|---|---|---|
| ICICI Bank Ltd. | 10.96% | 6.46% |
| HDFC Bank Ltd. | 12.57% | 5.88% |
| Axis Bank Ltd. | 4.10% | 4.44% |
| Bharti Airtel Ltd. | 6.32% | 3.79% |
| State Bank of India | 4.60% | 3.59% |
| Larsen & Toubro Ltd. | 5.09% | 3.53% |
| Reliance Industries Ltd. | 9.08% | 3.42% |
| Kotak Mahindra Bank Ltd. | 3.58% | 3.40% |
| Infosys Ltd. | 4.08% | 2.87% |
| Mahindra & Mahindra Ltd. | 3.08% | 2.25% |
| Eternal Ltd. | 2.75% | 2.22% |
| NTPC Ltd. | 1.78% | 1.67% |
| Ultratech Cement Ltd. | 1.51% | 2.39% |
| ITC Ltd. | 2.96% | 1.37% |
| HCL Technologies Ltd. | 1.51% | 1.35% |
| InterGlobe Aviation Ltd. | 1.30% | 1.41% |
| Tata Steel Ltd. | 1.78% | 1.24% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.9% means 49.9% 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 |
|---|---|
| Bajaj Finance Ltd. | 3.01% |
| Tata Consultancy Services Ltd. | 2.42% |
| Sun Pharmaceutical Industries Ltd. | 2.29% |
| Titan Company Ltd. | 2.20% |
| Hindustan Unilever Ltd. | 1.97% |
Largest holdings only in Sundaram Flexicap Fund
| Security | % of fund |
|---|---|
| Kirloskar Oil Engines Ltd | 3.74% |
| Force Motors Ltd | 2.00% |
| IndusInd Bank Ltd | 1.85% |
| Thermax Ltd | 1.72% |
| Zydus Lifesciences Ltd | 1.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF BSE Sensex ETF | Sundaram Flexicap |
|---|---|---|
| Equity | 99.9% | 99.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.1% | 0.7% |
Market cap of stocks
| Market cap | LIC MF BSE Sensex ETF | Sundaram Flexicap |
|---|---|---|
| Large Cap | 99.9% | 62.4% |
| Mid Cap | 0.0% | 15.9% |
| Small Cap | 0.0% | 20.9% |
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 | Sundaram Flexicap |
|---|---|---|
| Banks | 35.8% | 27.7% |
| IT - Software | 9.1% | 0.0% |
| Petroleum Products | 9.1% | 3.4% |
| Telecom - Services | 6.3% | 3.8% |
| Automobiles | 4.9% | 5.7% |
| Industrial Products | 0.0% | 5.2% |
| Construction | 5.1% | 4.6% |
| It - Software | 0.0% | 5.0% |
| Diversified FMCG | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF BSE Sensex ETF vs Sundaram Flexicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF BSE Sensex ETF | Sundaram Flexicap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.87% |
| Base expense ratio (Direct) | 0.00% | 0.64% |
| Total expense ratio (Regular) | Not available | 2.17% |
| Base expense ratio (Regular) | 0.09% | 1.78% |
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
LIC MF BSE Sensex ETF vs Sundaram Flexicap Fund: Frequently Asked Questions
What is the difference between LIC MF BSE Sensex ETF and Sundaram Flexicap Fund?
LIC MF BSE Sensex ETF is an ETF fund, Sundaram Flexicap Fund is a Flexi Cap fund, run by LIC Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 49.9%. LIC MF BSE Sensex ETF charges 0.12% a year and Sundaram Flexicap Fund 0.87%.
Which has given higher returns, LIC MF BSE Sensex ETF or Sundaram Flexicap Fund?
Over 1 year: LIC MF BSE Sensex ETF −11.01%, Sundaram Flexicap Fund −10.21%. Over 3 years: LIC MF BSE Sensex ETF +6.18% a year, Sundaram Flexicap Fund +8.49% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF BSE Sensex ETF or Sundaram Flexicap Fund?
LIC MF BSE Sensex ETF charges less: 0.12% a year against 0.87%. These are the total expense ratios reported to AMFI.
How much do LIC MF BSE Sensex ETF and Sundaram Flexicap Fund overlap?
49.9%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, LIC MF BSE Sensex ETF or Sundaram Flexicap Fund?
On SEBI's riskometer, LIC MF BSE Sensex ETF is rated Very High and Sundaram Flexicap Fund Very High. Over 3 years, the standard deviation of daily returns was 13.27% and 13.15% a year.
Which is better for SIP, LIC MF BSE Sensex ETF or Sundaram Flexicap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,63,653 in LIC MF BSE Sensex ETF (XIRR -1.1% a year) and ₹3,70,452 in Sundaram Flexicap Fund (XIRR 0.1% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF BSE Sensex ETF and Sundaram Flexicap Fund?
Yes. 49.9% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages LIC MF BSE Sensex ETF and Sundaram Flexicap Fund?
LIC MF BSE Sensex ETF: Nikhil Kapoor, Sasikant Aravamuthan. Sundaram Flexicap Fund: Bharath S, Sandeep Agarwal, Shalav Saket.
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.