LIC MF Gold ETF Fund of Fund vs LIC MF Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Gold ETF Fund of Fund is a Fund of Funds fund and LIC MF Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, LIC MF Gold ETF Fund of Fund (Direct) returned 15.1% and LIC MF Multi Asset Allocation Fund (Direct) returned −3.3%. LIC MF Gold ETF Fund of Fund charges 0.35% a year and LIC MF Multi Asset Allocation Fund 1.10% (Direct plans). Their portfolios overlap 14.9%: they hold 1 of the same security.
LIC MF Gold ETF Fund of Fund
Fund of Funds
- 1 year return
- 15.1%
- Expense ratio
- 0.35%
- NAV
- ₹37.90
LIC MF Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −3.3%
- Expense ratio
- 1.10%
- NAV
- ₹11.76
Which is better, LIC MF Gold ETF Fund of or LIC MF Multi Asset Allocation? 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 Gold ETF Fund of returned more over 1 year: 15.1% against −3.3%.
- LIC MF Gold ETF Fund of costs less: 0.35% a year against 1.10% (Direct plans).
- LIC MF Multi Asset Allocation fell less in its worst fall since 18-02-2025: −13.5% against −24.5%.
- LIC MF Multi Asset Allocation is the larger fund: ₹966 Cr against ₹833 Cr.
- Their portfolios overlap 14.9%: 1 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 Gold ETF Fund of Fund | LIC MF Multi Asset Allocation Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | LIC Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹833 Cr (30-09-2026) | ₹966 Cr (30-09-2026) |
| NAV | ₹37.90 (Direct) | ₹11.76 (Direct) |
| Expense ratio (Direct) | 0.35% | 1.10% |
| Expense ratio (Regular) | 0.61% | 2.40% |
| Riskometer | High | Very High |
| Benchmark | Gold Index | Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10% |
| Launch date | 14-08-2012 | 14-02-2025 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sumit Bhatnagar, Sasikant Aravamuthan | Sumit Bhatnagar, Pratik Shroff |
| Exit load | 1% for exit (redemption/switch-out/transfer/SWP) within 15 days from the date of allotment. Nil, if units of scheme are redeemed or switched out after 15 days from the date of allotment. | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. |
LIC MF Gold ETF Fund of vs LIC MF Multi Asset Allocation: 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 Gold ETF Fund of Fund (Direct) | −5.27% | −1.80% | −6.75% | +15.10% | +30.09% | -- | -- |
| LIC MF Multi Asset Allocation Fund (Direct) | −3.85% | −4.42% | −2.29% | −3.26% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
LIC MF Gold ETF Fund of vs LIC MF Multi Asset Allocation: Year-wise Returns
| Year | Gold ETF Fund ofLIC MF Gold ETF Fund of | Multi Asset AllocationLIC MF Multi Asset Allocation |
|---|---|---|
| 2026to date | −0.09% | −5.38% |
| 2025 | +79.72% | -- |
| 2024 | +19.15% | -- |
LIC MF Gold ETF Fund of vs LIC MF Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 169 of them, one for each trading day from 18-02-2026 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 Gold ETF Fund of Fund (Direct)
LIC MF Multi Asset Allocation Fund (Direct)
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LIC MF Gold ETF Fund of | 0.0 | 0.0 | 0.6 | 3.0 | 4.1 | 3.0 | 89.3 | 49.4% | 50.1% | 9.2% | 94.5% |
| LIC MF Multi Asset Allocation | 5.8 | 5.8 | 33.9 | 39.2 | 7.0 | 5.8 | 2.3 | 10.4% | 10.4% | −4.7% | 26.9% |
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. Every fund is measured over the days all of them have, from 18-02-2025. Past returns do not promise future returns.
LIC MF Gold ETF Fund of vs LIC MF Multi Asset Allocation: 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Gold ETF Fund ofLIC MF Gold ETF Fund of Fund (Direct) | ₹2,10,000 | ₹2,45,403 | ₹35,403 | 18.2% |
| LIC MF Multi Asset AllocationLIC MF Multi Asset Allocation Fund (Direct) | ₹2,10,000 | ₹2,13,782 | ₹3,782 | 2.0% |
LIC MF Gold ETF Fund ofLIC MF Gold ETF Fund of Fund (Direct)
LIC MF Multi Asset AllocationLIC MF Multi Asset Allocation 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 Gold ETF Fund of vs LIC MF Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Gold ETF Fund of Fund (Direct) | LIC MF Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.10% | −3.26% |
| Standard deviation | 30.89% | 14.27% |
| Sharpe ratio | 0.32 | -0.60 |
| Sortino ratio | 0.44 | -0.79 |
| Maximum drawdown | −24.5% (23-03-2026) | −13.5% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Gold ETF Fund of Fund (Direct) | LIC MF Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +28.78% | +10.02% |
| Standard deviation | 23.08% | 12.77% |
| Sharpe ratio | 0.98 | 0.36 |
| Sortino ratio | 1.42 | 0.49 |
| Maximum drawdown | −24.5% (23-03-2026) | −13.5% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 31-07-2023 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.
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 Gold ETF Fund of Fund (Direct)
LIC MF Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Gold ETF Fund of Fund (Direct) | −24.5% | 29-01-2026 | 23-03-2026 | Not yet | -- | −22.0% |
| LIC MF Multi Asset Allocation Fund (Direct) | −13.5% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.9% |
From daily values since 18-02-2025, 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 Gold ETF Fund of Fund (Direct)
LIC MF Multi Asset Allocation Fund (Direct)
LIC MF Gold ETF Fund of vs LIC MF Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Gold ETF Fund of Fund, September 2026; LIC MF Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 14.9%
- Held by both
- 1
- Only in LIC MF Gold ETF Fund of
- 0
- Only in LIC MF Multi Asset Allocation
- 56
| Security | % of LIC MF Gold ETF Fund of | % of LIC MF Multi Asset Allocation |
|---|---|---|
| LIC Mutual Fund | 99.64% | 14.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.9% means 14.9% 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 Gold ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in LIC MF Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Aditya Birla Sun Life Mutual Fund | 3.79% |
| ICICI Bank Ltd. | 3.57% |
| SML Mahindra Ltd. | 3.10% |
| Multi Commodity Exchange Of India Ltd. | 2.81% |
| INDO-MIM Ltd. | 2.62% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Gold ETF Fund of | LIC MF Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 67.7% |
| Debt | 0.0% | 11.7% |
| Cash and others | 100.0% | 20.6% |
Market cap of stocks
| Market cap | LIC MF Gold ETF Fund of | LIC MF Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 28.3% |
| Mid Cap | -- | 15.8% |
| Small Cap | -- | 20.9% |
| Not on AMFI's list | -- | 2.6% |
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 Gold ETF Fund of | LIC MF Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 10.8% |
| Pharmaceuticals & Biotechnology | 0.0% | 5.9% |
| Capital Markets | 0.0% | 4.7% |
| Agricultural, Commercial & Construction Vehicles | 0.0% | 4.1% |
| Healthcare Services | 0.0% | 3.8% |
| Industrial Products | 0.0% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Gold ETF Fund of vs LIC MF Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Gold ETF Fund of Fund | LIC MF Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.35% | 1.10% |
| Base expense ratio (Direct) | 0.30% | 0.61% |
| Total expense ratio (Regular) | 0.61% | 2.40% |
| Base expense ratio (Regular) | 0.52% | 1.82% |
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
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LIC MF Gold ETF Fund of Fund vs LIC MF Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between LIC MF Gold ETF Fund of Fund and LIC MF Multi Asset Allocation Fund?
LIC MF Gold ETF Fund of Fund is a Fund of Funds fund, LIC MF Multi Asset Allocation Fund is a Multi Asset fund, run by LIC Mutual Fund. Their portfolios overlap 14.9%. LIC MF Gold ETF Fund of Fund charges 0.35% a year and LIC MF Multi Asset Allocation Fund 1.10%.
Which has given higher returns, LIC MF Gold ETF Fund of Fund or LIC MF Multi Asset Allocation Fund?
Over 1 year: LIC MF Gold ETF Fund of Fund +15.10%, LIC MF Multi Asset Allocation Fund −3.26%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Gold ETF Fund of Fund or LIC MF Multi Asset Allocation Fund?
LIC MF Gold ETF Fund of Fund charges less: 0.35% a year against 1.10%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Gold ETF Fund of Fund and LIC MF Multi Asset Allocation Fund overlap?
14.9%. They hold 1 of the same securities, the largest shared ones being LICMFGOLD. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Gold ETF Fund of Fund or LIC MF Multi Asset Allocation Fund?
On SEBI's riskometer, LIC MF Gold ETF Fund of Fund is rated High and LIC MF Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 30.89% and 14.27% a year.
Can I invest in both LIC MF Gold ETF Fund of Fund and LIC MF Multi Asset Allocation Fund?
Yes. 14.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Gold ETF Fund of Fund and LIC MF Multi Asset Allocation Fund?
LIC MF Gold ETF Fund of Fund: Sumit Bhatnagar, Sasikant Aravamuthan. LIC MF Multi Asset Allocation Fund: Sumit Bhatnagar, Pratik Shroff.
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.