LIC Mf Flexi Cap Fund vs Motilal Oswal Infrastructure Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC Mf Flexi Cap Fund is a Flexi Cap fund and Motilal Oswal Infrastructure Fund is a Thematic fund. In the year to 30-10-2026, LIC Mf Flexi Cap Fund (Direct) returned −4.7% and Motilal Oswal Infrastructure Fund (Direct) returned −0.7%. LIC Mf Flexi Cap Fund charges 1.82% a year and Motilal Oswal Infrastructure Fund 1.61% (Direct plans). Their portfolios overlap 21.2%: they hold 8 of the same securities.
LIC Mf Flexi Cap Fund
Flexi Cap
- 1 year return
- −4.7%
- Expense ratio
- 1.82%
- NAV
- ₹109.07
Motilal Oswal Infrastructure Fund
Thematic
- 1 year return
- −0.7%
- Expense ratio
- 1.61%
- NAV
- ₹12.42
Which is better, LIC Mf Flexi Cap or Motilal Oswal Infrastructure? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Motilal Oswal Infrastructure returned more over 1 year: −0.7% against −4.7%.
- Motilal Oswal Infrastructure costs less: 1.61% a year against 1.82% (Direct plans).
- Motilal Oswal Infrastructure fell less in its worst fall since 19-05-2025: −10.1% against −16.8%.
- LIC Mf Flexi Cap is the larger fund: ₹1,038 Cr against ₹152 Cr.
- Their portfolios overlap 21.2%: 8 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 Flexi Cap Fund | Motilal Oswal Infrastructure Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Flexi Cap | Thematic |
| AUM | ₹1,038 Cr (30-09-2026) | ₹152 Cr (30-09-2026) |
| NAV | ₹109.07 (Direct) | ₹12.42 (Direct) |
| Expense ratio (Direct) | 1.82% | 1.61% |
| Expense ratio (Regular) | 2.92% | 2.96% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty Infrastructure TRI |
| Launch date | 15-04-1993 | 13-05-2025 |
| Minimum investment | ₹5,000 | ₹500 |
| Lock in | None | None |
| Fund managers | Sudhanshu Asthana, Nikhil Kapoor | Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde, Rakesh Shetty |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. | 1% - If redeemed within 3 months from the day of allotment. Nil - If redeemed after 3 months from the date of allotment. |
LIC Mf Flexi Cap vs Motilal Oswal Infrastructure: 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 Flexi Cap Fund (Direct) | −3.11% | −5.77% | +3.88% | −4.73% | +10.12% | +8.70% | +10.22% |
| Motilal Oswal Infrastructure Fund (Direct) | −2.38% | −1.50% | −3.40% | −0.70% | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 46 Flexi Cap funds and the 235 Thematic funds, same plan type.
LIC Mf Flexi Cap vs Motilal Oswal Infrastructure: Year-wise Returns
| Year | LIC Mf Flexi CapLIC Mf Flexi Cap | Motilal Oswal InfrastructureMotilal Oswal Infrastructure |
|---|---|---|
| 2026to date | −3.74% | +2.11% |
| 2025 | +2.98% | -- |
| 2024 | +19.89% | -- |
| 2023 | +29.75% | -- |
| 2022 | −1.73% | -- |
| 2021 | +21.34% | -- |
LIC Mf Flexi Cap vs Motilal Oswal Infrastructure: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of LIC Mf Flexi Cap Fund
Rolling returns
Every 1-year holding period, 112 of them, one for each trading day from 19-05-2026 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 Flexi Cap Fund (Direct)
Motilal Oswal Infrastructure Fund (Direct)
Nifty 500 TRI
to
Jun 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 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 Flexi Cap | 11.6 | 26.8 | 41.1 | 16.1 | 4.5 | 0.0 | 0.0 | 6.1% | 6.2% | −7.1% | 15.8% | 100% |
| Motilal Oswal Infrastructure | 6.3 | 9.8 | 28.6 | 37.5 | 12.5 | 5.4 | 0.0 | 10.1% | 10.7% | −4.3% | 22.0% | 100% |
| Nifty 500 TRI | 45.5 | 45.5 | 8.9 | 0.0 | 0.0 | 0.0 | 0.0 | −0.0% | 0.2% | −9.0% | 6.8% | -- |
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 Nifty 500 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 19-05-2025. Past returns do not promise future returns.
LIC Mf Flexi Cap vs Motilal Oswal Infrastructure: 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 02-05-2025 to 30-10-2026: 18 instalments, ₹1,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC Mf Flexi CapLIC Mf Flexi Cap Fund (Direct) | ₹1,80,000 | ₹1,80,699 | ₹699 | 0.5% |
| Motilal Oswal InfrastructureMotilal Oswal Infrastructure Fund (Direct) | ₹1,80,000 | ₹1,85,807 | ₹5,807 | 4.1% |
LIC Mf Flexi CapLIC Mf Flexi Cap Fund (Direct)
Motilal Oswal InfrastructureMotilal Oswal Infrastructure 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 Flexi Cap vs Motilal Oswal Infrastructure: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC Mf Flexi Cap Fund (Direct) | Motilal Oswal Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.73% | −0.70% |
| Standard deviation | 16.05% | 16.42% |
| Sharpe ratio | -0.62 | -0.36 |
| Sortino ratio | -0.83 | -0.49 |
| Maximum drawdown | −16.8% (23-03-2026) | −10.1% (23-10-2026) |
| Beta | 1.04 | 0.92 |
| Alpha | +3.14% | +5.88% |
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 Flexi Cap Fund (Direct) | Motilal Oswal Infrastructure Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.46% | +11.30% |
| Standard deviation | 15.91% | 15.20% |
| Sharpe ratio | 0.28 | 0.39 |
| Sortino ratio | 0.38 | 0.55 |
| Maximum drawdown | −34.2% (23-03-2020) | −10.1% (23-10-2026) |
| Beta | 0.95 | 0.88 |
| Alpha | −1.99% | +11.44% |
From daily NAVs, 02-01-2013 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 Flexi Cap Fund (Direct)
Motilal Oswal Infrastructure Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC Mf Flexi Cap Fund (Direct) | −16.8% | 17-11-2025 | 23-03-2026 | 06-07-2026 | 3 months | −10.7% |
| Motilal Oswal Infrastructure Fund (Direct) | −10.1% | 22-06-2026 | 23-10-2026 | Not yet | -- | −6.4% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 19-05-2025, 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 Flexi Cap Fund (Direct)
Motilal Oswal Infrastructure Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC Mf Flexi Cap Fund (Direct) | 128% | 92% | 7.15% |
| Motilal Oswal Infrastructure Fund (Direct) | 96% | 39% | 9.71% |
From month-end values since 19-05-2025. 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 Flexi Cap vs Motilal Oswal Infrastructure: Portfolio Overlap
From each fund's latest monthly portfolio: LIC Mf Flexi Cap Fund, September 2026; Motilal Oswal Infrastructure Fund, September 2026
Holdings in common
- Overlap
- 21.2%
- Held by both
- 8
- Only in LIC Mf Flexi Cap
- 31
- Only in Motilal Oswal Infrastructure
- 21
| Security | % of LIC Mf Flexi Cap | % of Motilal Oswal Infrastructure |
|---|---|---|
| Solar Industries India Ltd. | 4.27% | 5.19% |
| Samvardhana Motherson International Ltd. | 3.52% | 6.96% |
| Larsen & Toubro Ltd. | 3.04% | 4.10% |
| Apollo Hospitals Enterprise Ltd. | 2.88% | 4.44% |
| UNO Minda Ltd. | 2.04% | 3.14% |
| VA Tech Wabag Ltd. | 2.03% | 4.14% |
| Schneider Electric Infrastructure Ltd. | 1.73% | 2.52% |
| Shriram Finance Ltd. | 2.96% | 1.67% |
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 LIC Mf Flexi Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 4.64% |
| Navin Fluorine International Ltd. | 3.50% |
| Eternal Ltd. | 3.36% |
| InterGlobe Aviation Ltd. | 3.13% |
| Neuland Laboratories Ltd. | 3.11% |
Largest holdings only in Motilal Oswal Infrastructure Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 5.77% |
| ABB India Limited | 5.27% |
| Siemens Limited | 4.39% |
| Vijaya Diagnostic Centre Limited | 4.18% |
| Karamtara Engineering Limited | 4.10% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC Mf Flexi Cap | Motilal Oswal Infrastructure |
|---|---|---|
| Equity | 95.7% | 92.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.3% | 7.5% |
Market cap of stocks
| Market cap | LIC Mf Flexi Cap | Motilal Oswal Infrastructure |
|---|---|---|
| Large Cap | 40.2% | 49.7% |
| Mid Cap | 33.0% | 8.9% |
| Small Cap | 22.5% | 26.3% |
| Not on AMFI's list | 0.0% | 7.6% |
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 Flexi Cap | Motilal Oswal Infrastructure |
|---|---|---|
| Electrical Equipment | 6.5% | 16.3% |
| Banks | 12.1% | 0.0% |
| Chemicals & Petrochemicals | 10.6% | 5.2% |
| Auto Components | 10.6% | 10.1% |
| Pharmaceuticals & Biotechnology | 10.1% | 0.0% |
| Healthcare Services | 2.9% | 9.6% |
| Industrial Manufacturing | 0.0% | 8.5% |
| Finance | 7.2% | 1.7% |
| Construction | 3.0% | 6.3% |
| Telecom - Services | 0.0% | 5.8% |
The six largest sectors of each fund's stocks, % of the fund.
LIC Mf Flexi Cap vs Motilal Oswal Infrastructure: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC Mf Flexi Cap Fund | Motilal Oswal Infrastructure Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.82% | 1.61% |
| Base expense ratio (Direct) | 0.97% | 0.82% |
| Total expense ratio (Regular) | 2.92% | 2.96% |
| Base expense ratio (Regular) | 1.93% | 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 LIC Mf Flexi Cap with
Compare Motilal Oswal Infrastructure with
LIC Mf Flexi Cap Fund vs Motilal Oswal Infrastructure Fund: Frequently Asked Questions
What is the difference between LIC Mf Flexi Cap Fund and Motilal Oswal Infrastructure Fund?
LIC Mf Flexi Cap Fund is a Flexi Cap fund, Motilal Oswal Infrastructure Fund is a Thematic fund, run by LIC Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 21.2%. LIC Mf Flexi Cap Fund charges 1.82% a year and Motilal Oswal Infrastructure Fund 1.61%.
Which has given higher returns, LIC Mf Flexi Cap Fund or Motilal Oswal Infrastructure Fund?
Over 1 year: LIC Mf Flexi Cap Fund −4.73%, Motilal Oswal Infrastructure Fund −0.70%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC Mf Flexi Cap Fund or Motilal Oswal Infrastructure Fund?
Motilal Oswal Infrastructure Fund charges less: 1.61% a year against 1.82%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC Mf Flexi Cap Fund and Motilal Oswal Infrastructure Fund overlap?
21.2%. They hold 8 of the same securities, the largest shared ones being SOLARINDS, MOTHERSON, LT. From each fund's latest monthly portfolio.
Which is riskier, LIC Mf Flexi Cap Fund or Motilal Oswal Infrastructure Fund?
On SEBI's riskometer, LIC Mf Flexi Cap Fund is rated Very High and Motilal Oswal Infrastructure Fund Very High. Over 1 years, the standard deviation of daily returns was 16.05% and 16.42% a year.
Can I invest in both LIC Mf Flexi Cap Fund and Motilal Oswal Infrastructure Fund?
Yes. 21.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC Mf Flexi Cap Fund and Motilal Oswal Infrastructure Fund?
LIC Mf Flexi Cap Fund: Sudhanshu Asthana, Nikhil Kapoor. Motilal Oswal Infrastructure Fund: Ajay Khandelwal, Atul Mehra, Bhalchandra Shinde, Rakesh Shetty.
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.