LIC MF Consumption Fund vs LIC MF Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Consumption Fund is a Thematic fund and LIC MF Large Cap Fund is a Large Cap fund. LIC MF Consumption Fund charges 1.22% a year and LIC MF Large Cap Fund 1.38% (Direct plans). Their portfolios overlap 29.9%: they hold 18 of the same securities.
Which is better, LIC MF Consumption or LIC MF Large Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Consumption costs less: 1.22% a year against 1.38% (Direct plans).
- LIC MF Consumption fell less in its worst fall since 25-11-2025: −14.8% against −16.1%.
- LIC MF Large Cap holds more in large companies: 82.4% of the fund in large caps against 36.7%.
- LIC MF Large Cap is the larger fund: ₹1,302 Cr against ₹424 Cr.
- Their portfolios overlap 29.9%: 18 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 Consumption Fund | LIC MF Large Cap Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | LIC Mutual Fund |
| Category | Thematic | Large Cap |
| AUM | ₹424 Cr (30-09-2026) | ₹1,302 Cr (30-09-2026) |
| NAV | ₹9.16 (Direct) | ₹58.67 (Direct) |
| Expense ratio (Direct) | 1.22% | 1.38% |
| Expense ratio (Regular) | 2.73% | 2.49% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Consumption TRI | Nifty 100 TRI |
| Launch date | 21-11-2025 | 01-09-1994 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sumit Bhatnagar, Nikhil Kapoor | Sumit Bhatnagar |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. |
LIC MF Consumption vs LIC MF Large Cap: 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 Consumption Fund (Direct) | −2.54% | −7.77% | −2.41% | -- | -- | -- | -- |
| LIC MF Large Cap Fund (Direct) | −0.72% | −5.25% | −1.83% | −10.55% | +7.96% | +5.19% | +10.17% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 235 Thematic funds and the 35 Large Cap funds, same plan type.
LIC MF Consumption vs LIC MF Large Cap: Year-wise Returns
| Year | ConsumptionLIC MF Consumption | Large CapLIC MF Large Cap |
|---|---|---|
| 2026to date | −8.21% | −10.42% |
| 2025 | -- | +7.16% |
| 2024 | -- | +15.59% |
| 2023 | -- | +18.06% |
| 2022 | -- | −0.42% |
| 2021 | -- | +25.67% |
LIC MF Consumption vs LIC MF Large Cap: Rolling Returns
Every holding period of both funds, against Nifty India Consumption TRI, the benchmark of LIC MF Consumption Fund
LIC MF Consumption vs LIC MF Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Consumption Fund (Direct) | LIC MF Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.11% | +11.22% |
| Standard deviation | 14.76% | 15.08% |
| Sharpe ratio | -0.97 | 0.34 |
| Sortino ratio | -1.30 | 0.47 |
| Maximum drawdown | −14.8% (23-03-2026) | −33.1% (23-03-2020) |
| Beta | 0.87 | 0.92 |
| Alpha | −0.46% | −0.29% |
From daily NAVs, 25-11-2025 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.
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 Consumption Fund (Direct)
LIC MF Large Cap Fund (Direct)
Nifty India Consumption TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Consumption Fund (Direct) | −14.8% | 26-11-2025 | 23-03-2026 | 03-08-2026 | 4 months | −9.8% |
| LIC MF Large Cap Fund (Direct) | −16.1% | 02-01-2026 | 31-03-2026 | Not yet | -- | −11.1% |
| Nifty India Consumption TRI | −17.2% | 26-11-2025 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 25-11-2025, the first day every fund has.
LIC MF Consumption vs LIC MF Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Consumption Fund, September 2026; LIC MF Large Cap Fund, September 2026
Holdings in common
- Overlap
- 29.9%
- Held by both
- 18
- Only in LIC MF Consumption
- 35
- Only in LIC MF Large Cap
- 25
| Security | % of LIC MF Consumption | % of LIC MF Large Cap |
|---|---|---|
| Eternal Ltd. | 5.28% | 3.59% |
| Bharti Airtel Ltd. | 3.45% | 4.44% |
| Axis Bank Ltd. | 2.16% | 4.10% |
| Trent Ltd. | 2.03% | 2.35% |
| InterGlobe Aviation Ltd. | 1.76% | 2.54% |
| Eicher Motors Ltd. | 1.73% | 2.41% |
| Mahindra & Mahindra Ltd. | 1.94% | 1.67% |
| Bajaj Finance Ltd. | 1.65% | 2.55% |
| The Indian Hotels Company Ltd. | 3.54% | 1.63% |
| Muthoot Finance Ltd. | 1.49% | 1.98% |
| TVS Motor Company Ltd. | 2.41% | 1.48% |
| Hyundai Motor India Ltd. | 1.73% | 1.39% |
| Titan Company Ltd. | 1.31% | 2.33% |
| Aster DM Quality Care Ltd. | 1.41% | 1.15% |
| Apollo Hospitals Enterprise Ltd. | 1.13% | 1.85% |
| Godfrey Phillips India Ltd. | 2.41% | 1.04% |
| Pidilite Industries Ltd. | 1.32% | 0.77% |
| NSE India Ltd. | 0.45% | 2.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.9% means 29.9% 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 Consumption Fund
| Security | % of fund |
|---|---|
| ITC Hotels Ltd. | 2.99% |
| LG Electronics India Ltd. | 2.79% |
| MRS Bectors Food Specialities Ltd. | 2.71% |
| Leela Palaces Hotels & Resorts Ltd. | 2.67% |
| JK Cement Ltd. | 2.64% |
Largest holdings only in LIC MF Large Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 9.39% |
| HDFC Bank Ltd. | 6.22% |
| Larsen & Toubro Ltd. | 5.41% |
| State Bank of India | 3.88% |
| SBI Life Insurance Company Ltd. | 2.61% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Consumption | LIC MF Large Cap |
|---|---|---|
| Equity | 93.9% | 97.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.1% | 2.5% |
Market cap of stocks
| Market cap | LIC MF Consumption | LIC MF Large Cap |
|---|---|---|
| Large Cap | 36.7% | 82.4% |
| Mid Cap | 28.7% | 9.2% |
| Small Cap | 28.0% | 1.7% |
| Not on AMFI's list | 0.5% | 4.3% |
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 Consumption | LIC MF Large Cap |
|---|---|---|
| Banks | 2.2% | 24.7% |
| Retailing | 14.5% | 7.0% |
| Consumer Durables | 12.3% | 2.3% |
| Leisure Services | 9.2% | 1.6% |
| Automobiles | 7.8% | 8.2% |
| Finance | 3.1% | 6.6% |
| Food Products | 6.1% | 0.0% |
| Pharmaceuticals & Biotechnology | 5.5% | 4.4% |
| Construction | 0.0% | 5.4% |
| Telecom - Services | 3.5% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Consumption vs LIC MF Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Consumption Fund | LIC MF Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.22% | 1.38% |
| Base expense ratio (Direct) | 0.77% | 0.88% |
| Total expense ratio (Regular) | 2.73% | 2.49% |
| Base expense ratio (Regular) | 2.10% | 1.86% |
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 LIC MF Consumption with
LIC MF Consumption Fund vs LIC MF Large Cap Fund: Frequently Asked Questions
What is the difference between LIC MF Consumption Fund and LIC MF Large Cap Fund?
LIC MF Consumption Fund is a Thematic fund, LIC MF Large Cap Fund is a Large Cap fund, run by LIC Mutual Fund. Their portfolios overlap 29.9%. LIC MF Consumption Fund charges 1.22% a year and LIC MF Large Cap Fund 1.38%.
Which has the lower expense ratio, LIC MF Consumption Fund or LIC MF Large Cap Fund?
LIC MF Consumption Fund charges less: 1.22% a year against 1.38%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Consumption Fund and LIC MF Large Cap Fund overlap?
29.9%. They hold 18 of the same securities, the largest shared ones being ETERNAL, BHARTIARTL, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Consumption Fund or LIC MF Large Cap Fund?
On SEBI's riskometer, LIC MF Consumption Fund is rated Very High and LIC MF Large Cap Fund Very High. Over their common history, the standard deviation of daily returns was 14.76% and 15.08% a year.
Can I invest in both LIC MF Consumption Fund and LIC MF Large Cap Fund?
Yes. 29.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Consumption Fund and LIC MF Large Cap Fund?
LIC MF Consumption Fund: Sumit Bhatnagar, Nikhil Kapoor. LIC MF Large Cap Fund: Sumit Bhatnagar.
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.