LIC MF Multi Cap Fund vs Tata Multicap Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Multi Cap Fund and Tata Multicap Fund are both Multi Cap funds. In the 3 years to 30-10-2026, LIC MF Multi Cap Fund (Direct) returned 16.9% a year and Tata Multicap Fund (Direct) returned 9.4% a year. LIC MF Multi Cap Fund charges 0.79% a year and Tata Multicap Fund 0.82% (Direct plans). Their portfolios overlap 18.3%: they hold 14 of the same securities.
LIC MF Multi Cap Fund
Multi Cap
- 3 year return
- 16.9%
- Expense ratio
- 0.79%
- NAV
- ₹18.71
Which is better, LIC MF Multi Cap or Tata Multicap? 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 Multi Cap returned more over 3 years: 16.9% a year against 9.4%.
- LIC MF Multi Cap returned more over 1 year: 1.0% against −0.8%.
- LIC MF Multi Cap costs less: 0.79% a year against 0.82% (Direct plans).
- Tata Multicap swung less over 3 years: a standard deviation of 15.2% a year against 15.5%.
- LIC MF Multi Cap fell less in its worst fall since 09-02-2023: −19.3% against −22.4%.
- Tata Multicap is the larger fund: ₹3,409 Cr against ₹2,187 Cr.
- Their portfolios overlap 18.3%: 14 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 Cap Fund | Tata Multicap Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Tata Mutual Fund |
| Category | Multi Cap | Multi Cap |
| AUM | ₹2,187 Cr (30-09-2026) | ₹3,409 Cr (30-09-2026) |
| NAV | ₹18.71 (Direct) | ₹15.25 (Direct) |
| Expense ratio (Direct) | 0.79% | 0.82% |
| Expense ratio (Regular) | 2.15% | 2.18% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 02-11-2022 | 02-02-2023 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Dikshit Mittal, Mahesh Bendre, Nikhil Kapoor | Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months. | Exit load of 0.50%, if redeemed within 30 days. |
LIC MF Multi Cap vs Tata Multicap: 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 Cap Fund (Direct) | −1.81% | −3.18% | +5.71% | +1.01% | +16.94% | -- | -- |
| Tata Multicap Fund (Direct) | −1.68% | −6.58% | −0.16% | −0.78% | +9.40% | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 33 Multi Cap funds, same plan type.
LIC MF Multi Cap vs Tata Multicap: Year-wise Returns
| Year | LIC MF Multi CapLIC MF Multi Cap | Tata MulticapTata Multicap | Nifty500 Multicap 50:25:25 TRI |
|---|---|---|---|
| 2026to date | +2.52% | −1.66% | −5.56% |
| 2025 | +2.79% | +4.65% | +5.29% |
| 2024 | +34.47% | +14.27% | +19.34% |
| 2023 | +32.98% | -- | +33.74% |
LIC MF Multi Cap vs Tata Multicap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 178 of them, one for each trading day from 09-02-2026 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 Cap Fund (Direct)
Tata Multicap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Mar 2026Apr 2023
to
Apr 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
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 Cap | 0.0 | 0.0 | 0.0 | 0.0 | 44.9 | 55.1 | 0.0 | 19.8% | 20.1% | 15.7% | 22.8% | 100% |
| Tata Multicap | 0.0 | 0.0 | 14.0 | 71.9 | 14.0 | 0.0 | 0.0 | 12.9% | 13.2% | 8.4% | 16.0% | 0% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 41.0 | 57.3 | 1.7 | 0.0 | 15.5% | 15.6% | 10.1% | 20.1% | -- |
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 Nifty500 Multicap 50:25:25 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 09-02-2023. Past returns do not promise future returns.
LIC MF Multi Cap vs Tata Multicap: 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 01-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Multi CapLIC MF Multi Cap Fund (Direct) | ₹4,50,000 | ₹5,66,503 | ₹1,16,503 | 12.3% |
| Tata MulticapTata Multicap Fund (Direct) | ₹4,50,000 | ₹5,07,883 | ₹57,883 | 6.4% |
LIC MF Multi CapLIC MF Multi Cap Fund (Direct)
Tata MulticapTata Multicap 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 Cap vs Tata Multicap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Multi Cap Fund (Direct) | Tata Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.01% | −0.78% |
| Standard deviation | 15.66% | 14.71% |
| Sharpe ratio | -0.27 | -0.41 |
| Sortino ratio | -0.37 | -0.56 |
| Maximum drawdown | −14.8% (31-03-2026) | −13.1% (31-03-2026) |
| Beta | 1.01 | 0.96 |
| Alpha | +7.21% | +4.84% |
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 Cap Fund (Direct) | Tata Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.94% | +9.40% |
| Standard deviation | 15.49% | 15.18% |
| Sharpe ratio | 0.70 | 0.22 |
| Sortino ratio | 0.96 | 0.30 |
| Maximum drawdown | −19.3% (28-02-2025) | −22.4% (28-02-2025) |
| Beta | 0.99 | 0.98 |
| Alpha | +5.74% | −1.78% |
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 Multi Cap Fund (Direct) | Tata Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.93% | +11.46% |
| Standard deviation | 14.09% | 14.14% |
| Sharpe ratio | 0.76 | 0.37 |
| Sortino ratio | 1.04 | 0.50 |
| Maximum drawdown | −19.3% (28-02-2025) | −22.4% (28-02-2025) |
| Beta | 0.96 | 0.97 |
| Alpha | +4.92% | −2.32% |
From daily NAVs, 02-11-2022 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 Cap Fund (Direct)
Tata Multicap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Multi Cap Fund (Direct) | −19.3% | 16-12-2024 | 28-02-2025 | 17-10-2025 | 8 months | −7.0% |
| Tata Multicap Fund (Direct) | −22.4% | 27-09-2024 | 28-02-2025 | 17-06-2026 | 16 months | −8.3% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 09-02-2023, 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 Cap Fund (Direct)
Tata Multicap Fund (Direct)
Nifty500 Multicap 50:25:25 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 Multi Cap Fund (Direct)
Tata Multicap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Multi Cap Fund (Direct) | 115% | 104% | 5.07% |
| Tata Multicap Fund (Direct) | 89% | 95% | 3.58% |
From month-end values since 09-02-2023. 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 Cap vs Tata Multicap: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Multi Cap Fund, September 2026; Tata Multicap Fund, September 2026
Holdings in common
- Overlap
- 18.3%
- Held by both
- 14
- Only in LIC MF Multi Cap
- 48
- Only in Tata Multicap
- 64
| Security | % of LIC MF Multi Cap | % of Tata Multicap |
|---|---|---|
| HDFC Bank Ltd. | 2.78% | 7.22% |
| Axis Bank Ltd. | 2.05% | 2.16% |
| ICICI Bank Ltd. | 3.33% | 2.00% |
| Kotak Mahindra Bank Ltd. | 2.86% | 1.83% |
| Mahindra & Mahindra Ltd. | 1.34% | 1.69% |
| The Federal Bank Ltd. | 1.43% | 1.21% |
| Shriram Finance Ltd. | 1.36% | 1.15% |
| UNO Minda Ltd. | 1.07% | 1.25% |
| Samvardhana Motherson International Ltd. | 1.30% | 1.05% |
| State Bank of India | 1.33% | 0.96% |
| Prestige Estates Projects Ltd. | 1.24% | 0.85% |
| Abbott India Ltd. | 1.57% | 0.83% |
| Swiggy Ltd. | 0.99% | 0.73% |
| Persistent Systems Ltd. | 1.03% | 0.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.3% means 18.3% 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 Cap Fund
| Security | % of fund |
|---|---|
| Garware Hi-Tech Films Ltd. | 3.96% |
| Avalon Technologies Ltd. | 3.05% |
| Lenskart Solutions Ltd. | 2.38% |
| Eternal Ltd. | 2.23% |
| LG Electronics India Ltd. | 2.22% |
Largest holdings only in Tata Multicap Fund
| Security | % of fund |
|---|---|
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 3.69% |
| RELIANCE INDUSTRIES LTD | 2.44% |
| NTPC LTD | 2.20% |
| PEARL GLOBAL INDUSTRIES LTD | 2.18% |
| DR. LAL PATH LABS LTD | 1.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Multi Cap | Tata Multicap |
|---|---|---|
| Equity | 93.5% | 94.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.5% | 5.9% |
Market cap of stocks
| Market cap | LIC MF Multi Cap | Tata Multicap |
|---|---|---|
| Large Cap | 37.7% | 39.5% |
| Mid Cap | 29.8% | 26.6% |
| Small Cap | 26.0% | 27.1% |
| Not on AMFI's list | 0.0% | 0.8% |
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 Cap | Tata Multicap |
|---|---|---|
| Banks | 13.8% | 19.6% |
| Healthcare Services | 1.3% | 8.6% |
| Electrical Equipment | 7.7% | 0.0% |
| Retailing | 6.8% | 2.5% |
| Auto Components | 5.0% | 6.6% |
| Industrial Products | 5.1% | 5.1% |
| Automobiles | 5.0% | 4.4% |
| Finance | 2.4% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Multi Cap vs Tata Multicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Multi Cap Fund | Tata Multicap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.79% | 0.82% |
| Base expense ratio (Direct) | 0.49% | 0.48% |
| Total expense ratio (Regular) | 2.15% | 2.18% |
| Base expense ratio (Regular) | 1.75% | 1.65% |
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 Multi Cap with
LIC MF Multi Cap Fund vs Tata Multicap Fund: Frequently Asked Questions
What is the difference between LIC MF Multi Cap Fund and Tata Multicap Fund?
Both are Multi Cap funds, run by LIC Mutual Fund and Tata Mutual Fund. Their portfolios overlap 18.3%. LIC MF Multi Cap Fund charges 0.79% a year and Tata Multicap Fund 0.82%.
Which has given higher returns, LIC MF Multi Cap Fund or Tata Multicap Fund?
Over 1 year: LIC MF Multi Cap Fund +1.01%, Tata Multicap Fund −0.78%. Over 3 years: LIC MF Multi Cap Fund +16.94% a year, Tata Multicap Fund +9.40% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Multi Cap Fund or Tata Multicap Fund?
LIC MF Multi Cap Fund charges less: 0.79% a year against 0.82%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Multi Cap Fund and Tata Multicap Fund overlap?
18.3%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, AXISBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Multi Cap Fund or Tata Multicap Fund?
On SEBI's riskometer, LIC MF Multi Cap Fund is rated Very High and Tata Multicap Fund Very High. Over 3 years, the standard deviation of daily returns was 15.49% and 15.18% a year.
Which is better for SIP, LIC MF Multi Cap Fund or Tata Multicap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,23,612 in LIC MF Multi Cap Fund (XIRR 8.8% a year) and ₹3,92,964 in Tata Multicap Fund (XIRR 3.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Multi Cap Fund and Tata Multicap Fund?
Yes. 18.3% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Multi Cap Fund and Tata Multicap Fund?
LIC MF Multi Cap Fund: Dikshit Mittal, Mahesh Bendre, Nikhil Kapoor. Tata Multicap Fund: Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya.
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.