LIC MF Multi Cap Fund vs UTI Balanced Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
LIC MF Multi Cap Fund is a Multi Cap fund and UTI Balanced Hybrid Fund is a Hybrid fund. LIC MF Multi Cap Fund charges 0.79% a year and UTI Balanced Hybrid Fund 1.93% (Direct plans). Their portfolios overlap 29.2%: they hold 19 of the same securities.
Which is better, LIC MF Multi Cap or UTI Balanced Hybrid? 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 costs less: 0.79% a year against 1.93% (Direct plans).
- UTI Balanced Hybrid fell less in its worst fall since 07-09-2026: −3.1% against −8.1%.
- LIC MF Multi Cap holds more in large companies: 37.7% of the fund in large caps against 20.4%.
- LIC MF Multi Cap is the larger fund: ₹2,187 Cr against ₹160 Cr.
- Their portfolios overlap 29.2%: 19 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 | UTI Balanced Hybrid Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | UTI Mutual Fund |
| Category | Multi Cap | Hybrid |
| AUM | ₹2,187 Cr (30-09-2026) | ₹160 Cr (30-09-2026) |
| NAV | ₹18.71 (Direct) | ₹9.82 (Direct) |
| Expense ratio (Direct) | 0.79% | 1.93% |
| Expense ratio (Regular) | 2.15% | 3.23% |
| Riskometer | Very High | High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 02-11-2022 | 02-09-2026 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Dikshit Mittal, Mahesh Bendre, Nikhil Kapoor | Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3 |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months. | Redemption / switch-out of 10% of Units allotted on or before completion of 12 months from the date of allotment- Nil exit loadRedemption/ switch out in excess of the 10% of Units allotted on or before completion of 12 months from the date of allotment – 1.00% exit loadIf redeemed / switched out after 12 months from the date of allotment – Nil exit load |
LIC MF Multi Cap vs UTI Balanced Hybrid: 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% | -- | -- |
| UTI Balanced Hybrid Fund (Direct) | −1.01% | -- | -- | -- | -- | -- | -- |
| 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 UTI Balanced Hybrid: Year-wise Returns
| Year | LIC MF Multi CapLIC MF Multi Cap | UTI Balanced HybridUTI Balanced Hybrid |
|---|---|---|
| 2026to date | +2.52% | -- |
| 2025 | +2.79% | -- |
| 2024 | +34.47% | -- |
| 2023 | +32.98% | -- |
LIC MF Multi Cap vs UTI Balanced Hybrid: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of LIC MF Multi Cap Fund
LIC MF Multi Cap vs UTI Balanced Hybrid: 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) | UTI Balanced Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.93% | −12.23% |
| Standard deviation | 14.09% | 5.56% |
| Sharpe ratio | 0.76 | -3.17 |
| Sortino ratio | 1.04 | -3.62 |
| Maximum drawdown | −19.3% (28-02-2025) | −3.1% (23-10-2026) |
| Beta | 0.96 | -- |
| Alpha | +4.92% | -- |
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)
UTI Balanced Hybrid 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) | −8.1% | 08-09-2026 | 23-10-2026 | Not yet | -- | −5.8% |
| UTI Balanced Hybrid Fund (Direct) | −3.1% | 18-09-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Nifty500 Multicap 50:25:25 TRI | −8.4% | 07-09-2026 | 23-10-2026 | Not yet | -- | −6.3% |
From daily values since 07-09-2026, the first day every fund has.
LIC MF Multi Cap vs UTI Balanced Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Multi Cap Fund, September 2026; UTI Balanced Hybrid Fund, September 2026
Holdings in common
- Overlap
- 29.2%
- Held by both
- 19
- Only in LIC MF Multi Cap
- 43
- Only in UTI Balanced Hybrid
- 8
| Security | % of LIC MF Multi Cap | % of UTI Balanced Hybrid |
|---|---|---|
| Kotak Mahindra Bank Ltd. | 2.86% | 2.94% |
| HDFC Bank Ltd. | 2.78% | 2.77% |
| ICICI Bank Ltd. | 3.33% | 2.69% |
| Eternal Ltd. | 2.23% | 2.39% |
| Hyundai Motor India Ltd. | 2.21% | 1.83% |
| Sun Pharmaceutical Industries Ltd. | 1.62% | 1.60% |
| InterGlobe Aviation Ltd. | 1.53% | 2.47% |
| LG Electronics India Ltd. | 2.22% | 1.52% |
| SRF Ltd. | 1.90% | 1.52% |
| JSW Infrastructure Ltd. | 1.80% | 1.52% |
| Pidilite Industries Ltd. | 1.47% | 1.49% |
| HDFC Asset Management Company Ltd. | 1.44% | 1.48% |
| Tata Communications Ltd. | 1.56% | 1.38% |
| Coromandel International Ltd. | 1.34% | 1.32% |
| Persistent Systems Ltd. | 1.03% | 1.24% |
| Lenskart Solutions Ltd. | 2.38% | 0.73% |
| Shriram Finance Ltd. | 1.36% | 0.71% |
| One 97 Communications Ltd. | 2.14% | 0.53% |
| Navin Fluorine International Ltd. | 1.28% | 0.52% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.2% means 29.2% 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 Multi Cap Fund
| Security | % of fund |
|---|---|
| Garware Hi-Tech Films Ltd. | 3.96% |
| Avalon Technologies Ltd. | 3.05% |
| Axis Bank Ltd. | 2.05% |
| Allied Blenders And Distillers Ltd. | 1.83% |
| Manorama Industries Ltd. | 1.69% |
Largest holdings only in UTI Balanced Hybrid Fund
| Security | % of fund |
|---|---|
| 06.94% GSEC Mat- 11/05/2036 | 15.35% |
| EQ - SCHAEFFLER INDIA LTD | 2.51% |
| EQ - JINDAL STAINLESS LTD. | 1.40% |
| EQ - AAVAS FINANCIERS LTD. | 1.37% |
| EQ - BRIGADE ENTERPRISES LTD. | 1.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Multi Cap | UTI Balanced Hybrid |
|---|---|---|
| Equity | 93.5% | 38.9% |
| Debt | 0.0% | 15.3% |
| Cash and others | 6.5% | 45.8% |
Market cap of stocks
| Market cap | LIC MF Multi Cap | UTI Balanced Hybrid |
|---|---|---|
| Large Cap | 37.7% | 20.4% |
| Mid Cap | 29.8% | 14.4% |
| Small Cap | 26.0% | 4.2% |
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 | UTI Balanced Hybrid |
|---|---|---|
| Banks | 13.8% | 8.4% |
| Electrical Equipment | 7.7% | 0.0% |
| Retailing | 6.8% | 3.1% |
| Industrial Products | 5.1% | 1.0% |
| Automobiles | 5.0% | 1.8% |
| Auto Components | 5.0% | 2.5% |
| Chemicals & Petrochemicals | 4.7% | 3.5% |
| Pharmaceuticals & Biotechnology | 4.2% | 2.3% |
| Transport Services | 1.5% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Multi Cap vs UTI Balanced Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Multi Cap Fund | UTI Balanced Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.79% | 1.93% |
| Base expense ratio (Direct) | 0.49% | 0.75% |
| Total expense ratio (Regular) | 2.15% | 3.23% |
| Base expense ratio (Regular) | 1.75% | 1.85% |
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
LIC MF Multi Cap Fund vs UTI Balanced Hybrid Fund: Frequently Asked Questions
What is the difference between LIC MF Multi Cap Fund and UTI Balanced Hybrid Fund?
LIC MF Multi Cap Fund is a Multi Cap fund, UTI Balanced Hybrid Fund is a Hybrid fund, run by LIC Mutual Fund and UTI Mutual Fund. Their portfolios overlap 29.2%. LIC MF Multi Cap Fund charges 0.79% a year and UTI Balanced Hybrid Fund 1.93%.
Which has the lower expense ratio, LIC MF Multi Cap Fund or UTI Balanced Hybrid Fund?
LIC MF Multi Cap Fund charges less: 0.79% a year against 1.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do LIC MF Multi Cap Fund and UTI Balanced Hybrid Fund overlap?
29.2%. They hold 19 of the same securities, the largest shared ones being KOTAKBANK, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Multi Cap Fund or UTI Balanced Hybrid Fund?
On SEBI's riskometer, LIC MF Multi Cap Fund is rated Very High and UTI Balanced Hybrid Fund High. Over their common history, the standard deviation of daily returns was 14.09% and 5.56% a year.
Can I invest in both LIC MF Multi Cap Fund and UTI Balanced Hybrid Fund?
Yes. 29.2% 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 UTI Balanced Hybrid Fund?
LIC MF Multi Cap Fund: Dikshit Mittal, Mahesh Bendre, Nikhil Kapoor. UTI Balanced Hybrid Fund: Ajay Tyagi FM 1, Kamal Gada FM 2, Anurag Mittal FM 3.
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.