LIC MF Multi Asset Allocation Fund vs LIC MF Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Multi Asset Allocation Fund is a Multi Asset fund and LIC MF Value Fund is a Value and Contra fund. In the year to 30-10-2026, LIC MF Multi Asset Allocation Fund (Direct) returned −3.3% and LIC MF Value Fund (Direct) returned 10.9%. LIC MF Multi Asset Allocation Fund charges 1.10% a year and LIC MF Value Fund 1.78% (Direct plans). Their portfolios overlap 22.8%: they hold 16 of the same securities.
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 Multi Asset Allocation or LIC MF Value? 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 Value returned more over 1 year: 10.9% against −3.3%.
- LIC MF Multi Asset Allocation costs less: 1.10% a year against 1.78% (Direct plans).
- LIC MF Value fell less in its worst fall since 18-02-2025: −10.9% against −13.5%.
- LIC MF Multi Asset Allocation is the larger fund: ₹966 Cr against ₹336 Cr.
- Their portfolios overlap 22.8%: 16 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 Multi Asset Allocation Fund | LIC MF Value Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | LIC Mutual Fund |
| Category | Multi Asset | Value and Contra |
| AUM | ₹966 Cr (30-09-2026) | ₹336 Cr (30-09-2026) |
| NAV | ₹11.76 (Direct) | ₹29.46 (Direct) |
| Expense ratio (Direct) | 1.10% | 1.78% |
| Expense ratio (Regular) | 2.40% | 3.22% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10% | Nifty 500 TRI |
| Launch date | 14-02-2025 | 20-08-2018 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Sumit Bhatnagar, Pratik Shroff | Mahesh Bendre |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. | Nil, If units of the Scheme are redeemed or switched out up to 12% of the units (the limit) within 12 months from the date of allotment. 1% of the applicable NAV, If units of the scheme are redeemed or switched out in excess of the limit within 12 months from the date of allotment. Nil, If units of scheme are redeemed or switched out after 12 months from the date of allotment. |
LIC MF Multi Asset Allocation vs LIC MF Value: 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 Multi Asset Allocation Fund (Direct) | −3.85% | −4.42% | −2.29% | −3.26% | -- | -- | -- |
| LIC MF Value Fund (Direct) | −5.40% | −3.78% | +5.94% | +10.90% | +16.07% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
| Value and Contra average | −2.09% | −5.76% | −3.23% | −5.72% | +11.83% | -- | -- |
Category average: the average of the 37 Multi Asset funds and the 30 Value and Contra funds, same plan type.
LIC MF Multi Asset Allocation vs LIC MF Value: Year-wise Returns
| Year | Multi Asset AllocationLIC MF Multi Asset Allocation | ValueLIC MF Value |
|---|---|---|
| 2026to date | −5.38% | +11.43% |
| 2025 | -- | −5.73% |
| 2024 | -- | +30.38% |
LIC MF Multi Asset Allocation vs LIC MF Value: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of LIC MF Value Fund
Rolling returns
Every 1-year holding period, 171 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 Multi Asset Allocation Fund (Direct)
LIC MF Value Fund (Direct)
Nifty 500 TRI
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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | 100% |
| LIC MF Value | 0.0 | 2.3 | 7.6 | 25.7 | 38.0 | 19.9 | 6.4 | 16.8% | 16.5% | 2.9% | 27.5% | 100% |
| Nifty 500 TRI | 34.5 | 38.6 | 18.7 | 5.3 | 2.9 | 0.0 | 0.0 | 2.2% | 1.2% | −9.0% | 15.9% | -- |
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. 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 18-02-2025. Past returns do not promise future returns.
LIC MF Multi Asset Allocation vs LIC MF Value: 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 18-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Multi Asset AllocationLIC MF Multi Asset Allocation Fund (Direct) | ₹2,10,000 | ₹2,13,782 | ₹3,782 | 2.0% |
| LIC MF ValueLIC MF Value Fund (Direct) | ₹2,10,000 | ₹2,34,192 | ₹24,192 | 12.5% |
LIC MF Multi Asset AllocationLIC MF Multi Asset Allocation Fund (Direct)
LIC MF ValueLIC MF Value 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 Multi Asset Allocation vs LIC MF Value: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Multi Asset Allocation Fund (Direct) | LIC MF Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.26% | +10.90% |
| Standard deviation | 14.27% | 16.55% |
| Sharpe ratio | -0.60 | 0.34 |
| Sortino ratio | -0.79 | 0.49 |
| Maximum drawdown | −13.5% (23-03-2026) | −10.9% (31-03-2026) |
| Beta | -- | 1.04 |
| Alpha | -- | +18.74% |
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 Multi Asset Allocation Fund (Direct) | LIC MF Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.02% | +14.94% |
| Standard deviation | 12.77% | 16.73% |
| Sharpe ratio | 0.36 | 0.53 |
| Sortino ratio | 0.49 | 0.71 |
| Maximum drawdown | −13.5% (23-03-2026) | −25.2% (03-03-2025) |
| Beta | -- | 1.08 |
| Alpha | -- | +5.67% |
From daily NAVs, 18-02-2025 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 Multi Asset Allocation Fund (Direct)
LIC MF Value 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 Multi Asset Allocation Fund (Direct) | −13.5% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.9% |
| LIC MF Value Fund (Direct) | −10.9% | 26-02-2026 | 31-03-2026 | 16-04-2026 | 16 days | −7.6% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
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 Multi Asset Allocation Fund (Direct)
LIC MF Value Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Multi Asset Allocation Fund (Direct) | 87% | 56% | 7.00% |
| LIC MF Value Fund (Direct) | 136% | 84% | 9.20% |
From month-end values since 18-02-2025. 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 Multi Asset Allocation vs LIC MF Value: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Multi Asset Allocation Fund, September 2026; LIC MF Value Fund, September 2026
Holdings in common
- Overlap
- 22.8%
- Held by both
- 16
- Only in LIC MF Multi Asset Allocation
- 41
- Only in LIC MF Value
- 34
| Security | % of LIC MF Multi Asset Allocation | % of LIC MF Value |
|---|---|---|
| SML Mahindra Ltd. | 3.10% | 3.06% |
| INDO-MIM Ltd. | 2.62% | 7.68% |
| State Bank of India | 1.82% | 1.87% |
| ICICI Bank Ltd. | 3.57% | 1.67% |
| InterGlobe Aviation Ltd. | 1.61% | 1.67% |
| Nephrocare Health Services Ltd. | 1.37% | 3.14% |
| Delhivery Ltd. | 1.32% | 1.33% |
| Garware Hi-Tech Films Ltd. | 1.29% | 2.56% |
| Axis Bank Ltd. | 2.45% | 1.25% |
| Tenneco Clean Air India Ltd. | 1.18% | 2.95% |
| Schneider Electric Infrastructure Ltd. | 1.18% | 1.55% |
| Bank of Baroda | 1.40% | 1.15% |
| SKF India (Industrial) Ltd. | 1.83% | 1.10% |
| Sun Pharmaceutical Industries Ltd. | 1.76% | 0.84% |
| Foseco India Ltd. | 0.68% | 2.59% |
| Torrent Pharmaceuticals Ltd. | 1.22% | 0.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 22.8% means 22.8% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| LIC Mutual Fund | 14.94% |
| Aditya Birla Sun Life Mutual Fund | 3.79% |
| Multi Commodity Exchange Of India Ltd. | 2.81% |
| 7.83% Tata Capital Housing Finance Ltd. | 2.57% |
| Jindal Stainless Ltd. | 2.19% |
Largest holdings only in LIC MF Value Fund
| Security | % of fund |
|---|---|
| Tata Motors Passenger Vehicles Ltd. | 5.03% |
| Kirloskar Brothers Ltd. | 3.60% |
| HDFC Bank Ltd. | 3.51% |
| NSE India Ltd. | 3.36% |
| Schaeffler India Ltd. | 3.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Multi Asset Allocation | LIC MF Value |
|---|---|---|
| Equity | 67.7% | 97.0% |
| Debt | 11.7% | 0.0% |
| Cash and others | 20.6% | 3.0% |
Market cap of stocks
| Market cap | LIC MF Multi Asset Allocation | LIC MF Value |
|---|---|---|
| Large Cap | 28.3% | 32.8% |
| Mid Cap | 15.8% | 10.6% |
| Small Cap | 20.9% | 42.0% |
| Not on AMFI's list | 2.6% | 11.6% |
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 Multi Asset Allocation | LIC MF Value |
|---|---|---|
| Auto Components | 1.2% | 13.4% |
| Banks | 10.8% | 10.3% |
| Industrial Products | 3.1% | 9.1% |
| Automobiles | 2.0% | 8.2% |
| Industrial Manufacturing | 2.6% | 8.1% |
| Pharmaceuticals & Biotechnology | 5.9% | 5.2% |
| Agricultural, Commercial & Construction Vehicles | 4.1% | 5.3% |
| Capital Markets | 4.7% | 3.4% |
| Healthcare Services | 3.8% | 3.1% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Multi Asset Allocation vs LIC MF Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Multi Asset Allocation Fund | LIC MF Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.10% | 1.78% |
| Base expense ratio (Direct) | 0.61% | 0.86% |
| Total expense ratio (Regular) | 2.40% | 3.22% |
| Base expense ratio (Regular) | 1.82% | 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
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LIC MF Multi Asset Allocation Fund vs LIC MF Value Fund: Frequently Asked Questions
What is the difference between LIC MF Multi Asset Allocation Fund and LIC MF Value Fund?
LIC MF Multi Asset Allocation Fund is a Multi Asset fund, LIC MF Value Fund is a Value and Contra fund, run by LIC Mutual Fund. Their portfolios overlap 22.8%. LIC MF Multi Asset Allocation Fund charges 1.10% a year and LIC MF Value Fund 1.78%.
Which has given higher returns, LIC MF Multi Asset Allocation Fund or LIC MF Value Fund?
Over 1 year: LIC MF Multi Asset Allocation Fund −3.26%, LIC MF Value Fund +10.90%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Multi Asset Allocation Fund or LIC MF Value Fund?
LIC MF Multi Asset Allocation Fund charges less: 1.10% a year against 1.78%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Multi Asset Allocation Fund and LIC MF Value Fund overlap?
22.8%. They hold 16 of the same securities, the largest shared ones being SMLMAH, INDOMIM, SBIN. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Multi Asset Allocation Fund or LIC MF Value Fund?
On SEBI's riskometer, LIC MF Multi Asset Allocation Fund is rated Very High and LIC MF Value Fund Very High. Over 1 years, the standard deviation of daily returns was 14.27% and 16.55% a year.
Can I invest in both LIC MF Multi Asset Allocation Fund and LIC MF Value Fund?
Yes. 22.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Multi Asset Allocation Fund and LIC MF Value Fund?
LIC MF Multi Asset Allocation Fund: Sumit Bhatnagar, Pratik Shroff. LIC MF Value Fund: Mahesh Bendre.
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.