LIC MF Nifty 100 ETF vs Parag Parikh Large Cap Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
LIC MF Nifty 100 ETF is an ETF fund and Parag Parikh Large Cap Fund is a Large Cap fund. LIC MF Nifty 100 ETF charges 0.30% a year and Parag Parikh Large Cap Fund 0.32%. Their portfolios overlap 98.5%: they hold 100 of the same securities.
Which is better, LIC MF Nifty 100 ETF or Parag Parikh Large Cap? 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 Nifty 100 ETF costs less: 0.30% a year against 0.32%.
- Parag Parikh Large Cap fell less in its worst fall since 06-02-2026: −13.8% against −13.9%.
- Parag Parikh Large Cap is the larger fund: ₹866 Cr against ₹698 Cr.
- Their portfolios overlap 98.5%: 100 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 Nifty 100 ETF | Parag Parikh Large Cap Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | PPFAS Mutual Fund |
| Category | ETF | Large Cap |
| AUM | ₹698 Cr (30-09-2026) | ₹866 Cr (30-09-2026) |
| NAV | ₹263.09 | ₹9.20 (Direct) |
| Expense ratio (Direct) | Not available | 0.32% |
| Expense ratio (Regular) | Not available | 0.72% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | Nifty 100 TRI |
| Launch date | 17-03-2016 | 04-02-2026 |
| Minimum investment | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any | ₹1,000 |
| Lock in | None | None |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Rajeev Thakkar, Rukun Tarachandani, Raj Mehta, Raunak Onkar, Tejas Soman, Aishwarya Dhar |
| Exit load | Nil | NIL |
LIC MF Nifty 100 ETF vs Parag Parikh Large Cap: 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 Nifty 100 ETF | +1.02% | −5.36% | −3.05% | −8.92% | +8.77% | +6.92% | +11.38% |
| Parag Parikh Large Cap Fund (Direct) | +1.04% | −5.22% | −2.88% | -- | -- | -- | -- |
| Large Cap average | +0.62% | −4.36% | −1.05% | -- | -- | -- | -- |
Category average: the average of the 35 Large Cap funds, same plan type.
LIC MF Nifty 100 ETF vs Parag Parikh Large Cap: Year-wise Returns
| Year | LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | Parag Parikh Large CapParag Parikh Large Cap | Nifty 100 TRI |
|---|---|---|---|
| 2026to date | −9.51% | -- | −9.32% |
| 2025 | +9.95% | -- | +10.24% |
| 2024 | +12.58% | -- | +12.95% |
| 2023 | +20.76% | -- | +21.24% |
| 2022 | +4.76% | -- | +4.94% |
| 2021 | +25.98% | -- | +26.45% |
LIC MF Nifty 100 ETF vs Parag Parikh Large Cap: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of both
LIC MF Nifty 100 ETF vs Parag Parikh Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | LIC MF Nifty 100 ETF | Parag Parikh Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.32% | −10.75% |
| Standard deviation | 15.80% | 15.01% |
| Sharpe ratio | 0.43 | -1.06 |
| Sortino ratio | 0.59 | -1.40 |
| Maximum drawdown | −38.0% (23-03-2020) | −13.8% (30-03-2026) |
| Beta | 1.00 | 0.99 |
| Alpha | −0.32% | −0.02% |
From daily NAVs, 18-03-2016 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 Nifty 100 ETF
Parag Parikh Large Cap Fund (Direct)
Nifty 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| LIC MF Nifty 100 ETF | −13.9% | 11-02-2026 | 31-03-2026 | Not yet | -- | −9.2% |
| Parag Parikh Large Cap Fund (Direct) | −13.8% | 11-02-2026 | 30-03-2026 | Not yet | -- | −9.0% |
| Nifty 100 TRI | −13.9% | 11-02-2026 | 30-03-2026 | Not yet | -- | −9.1% |
From daily values since 06-02-2026, the first day every fund has.
LIC MF Nifty 100 ETF vs Parag Parikh Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Nifty 100 ETF, September 2026; Parag Parikh Large Cap Fund, September 2026
Holdings in common
- Overlap
- 98.5%
- Held by both
- 100
- Only in LIC MF Nifty 100 ETF
- 0
- Only in Parag Parikh Large Cap
- 2
| Security | % of LIC MF Nifty 100 ETF | % of Parag Parikh Large Cap |
|---|---|---|
| HDFC Bank Ltd. | 8.34% | 8.36% |
| ICICI Bank Ltd. | 7.28% | 7.30% |
| Reliance Industries Ltd. | 6.09% | 6.18% |
| Bharti Airtel Ltd. | 4.10% | 4.14% |
| Larsen & Toubro Ltd. | 3.38% | 3.39% |
| State Bank of India | 3.05% | 3.06% |
| Axis Bank Ltd. | 2.71% | 2.71% |
| Infosys Ltd. | 2.70% | 2.70% |
| Kotak Mahindra Bank Ltd. | 2.36% | 2.37% |
| Mahindra & Mahindra Ltd. | 2.02% | 2.03% |
| Bajaj Finance Ltd. | 2.02% | 2.01% |
| ITC Ltd. | 1.94% | 1.95% |
| Eternal Ltd. | 1.78% | 1.78% |
| Tata Consultancy Services Ltd. | 1.60% | 1.61% |
| Sun Pharmaceutical Industries Ltd. | 1.48% | 1.48% |
| Titan Company Ltd. | 1.46% | 1.46% |
| Hindustan Unilever Ltd. | 1.28% | 1.28% |
| Maruti Suzuki India Ltd. | 1.20% | 1.20% |
| Tata Steel Ltd. | 1.18% | 1.17% |
| NTPC Ltd. | 1.17% | 1.18% |
| Shriram Finance Ltd. | 1.07% | 1.06% |
| Bharat Electronics Ltd. | 1.06% | 1.07% |
| Adani Ports & Special Economic Zone Ltd. | 1.05% | 1.09% |
| Hindalco Industries Ltd. | 1.04% | 1.05% |
| HCL Technologies Ltd. | 1.01% | 1.00% |
| Ultratech Cement Ltd. | 1.01% | 1.00% |
| JSW Steel Ltd. | 0.92% | 0.93% |
| Divi's Laboratories Ltd. | 0.92% | 0.91% |
| Power Grid Corporation of India Ltd. | 0.92% | 0.91% |
| Bajaj Auto Ltd. | 0.91% | 0.93% |
| Grasim Industries Ltd. | 0.90% | 0.89% |
| InterGlobe Aviation Ltd. | 0.89% | 0.87% |
| Asian Paints Ltd. | 0.84% | 0.84% |
| Coal India Ltd. | 0.79% | 0.78% |
| Bajaj Finserv Ltd. | 0.79% | 0.77% |
| Eicher Motors Ltd. | 0.78% | 0.76% |
| Tech Mahindra Ltd. | 0.75% | 0.75% |
| TVS Motor Company Ltd. | 0.75% | 0.74% |
| BSE Ltd. | 0.74% | 0.97% |
| Nestle India Ltd. | 0.73% | 0.72% |
| Hindustan Aeronautics Ltd. | 0.69% | 0.68% |
| Tata Motors Ltd. | 0.69% | 0.68% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.68% |
| Trent Ltd. | 0.68% | 0.67% |
| Adani Enterprises Ltd. | 0.66% | 0.77% |
| Adani Power Ltd. | 0.67% | 0.65% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 0.65% |
| SBI Life Insurance Company Ltd. | 0.59% | 0.59% |
| Cipla Ltd. | 0.59% | 0.58% |
| Dr. Reddy's Laboratories Ltd. | 0.59% | 0.58% |
| Samvardhana Motherson International Ltd. | 0.56% | 0.56% |
| Vedanta Aluminium Metal Ltd. | 1.10% | 0.55% |
| Jio Financial Services Ltd. | 0.55% | 0.55% |
| Torrent Pharmaceuticals Ltd. | 0.56% | 0.54% |
| Cholamandalam Investment & Fin Co Ltd. | 0.55% | 0.54% |
| Max Healthcare Institute Ltd. | 0.54% | 0.53% |
| Cummins India Ltd. | 0.51% | 0.50% |
| Tata Consumer Products Ltd. | 0.48% | 0.48% |
| Avenue Supermarts Ltd. | 0.48% | 0.47% |
| Bharat Petroleum Corporation Ltd. | 0.48% | 0.47% |
| Tata Power Company Ltd. | 0.47% | 0.46% |
| VARUN BEVERAGES LIMITED | 0.46% | 0.46% |
| Tata Motors Passenger Vehicles Ltd. | 0.46% | 0.46% |
| CG Power and Industrial Solutions Ltd. | 0.46% | 0.45% |
| Britannia Industries Ltd. | 0.44% | 0.44% |
| HDFC Life Insurance Company Ltd. | 0.44% | 0.43% |
| Indian Oil Corporation Ltd. | 0.39% | 0.39% |
| Solar Industries India Ltd. | 0.37% | 0.37% |
| Power Finance Corporation Ltd. | 0.37% | 0.37% |
| HDFC Asset Management Company Ltd. | 0.37% | 0.36% |
| Bajaj Holdings & Investment Ltd. | 0.36% | 0.36% |
| GAIL (India) Ltd. | 0.36% | 0.35% |
| Pidilite Industries Ltd. | 0.35% | 0.35% |
| Vedanta Ltd. | 0.34% | 0.35% |
| DLF Ltd. | 0.34% | 0.33% |
| Adani Energy Solutions Ltd. | 0.34% | 0.33% |
| Adani Green Energy Ltd. | 0.34% | 0.33% |
| Bank of Baroda | 0.33% | 0.33% |
| Wipro Ltd. | 0.33% | 0.33% |
| Jindal Steel Ltd. | 0.34% | 0.32% |
| Bosch Ltd. | 0.32% | 0.31% |
| Canara Bank | 0.31% | 0.31% |
| Punjab National Bank | 0.30% | 0.30% |
| Hitachi Energy India Ltd. | 0.30% | 0.30% |
| LTM Ltd. | 0.29% | 0.29% |
| ABB India Ltd. | 0.28% | 0.27% |
| Godrej Consumer Products Ltd. | 0.27% | 0.26% |
| Siemens Ltd. | 0.26% | 0.25% |
| Union Bank of India | 0.26% | 0.25% |
| Muthoot Finance Ltd. | 0.23% | 0.23% |
| Hyundai Motor India Ltd. | 0.23% | 0.22% |
| Zydus Lifesciences Ltd. | 0.23% | 0.22% |
| Siemens Energy India Ltd. | 0.22% | 0.22% |
| Hindustan Zinc Ltd. | 0.21% | 0.21% |
| Vodafone Idea Ltd. | 0.20% | 0.27% |
| Polycab India Ltd. | 0.20% | 0.33% |
| Tata Capital Ltd. | 0.13% | 0.14% |
| Mazagon Dock Shipbuilders Ltd. | 0.13% | 0.12% |
| Indian Railway Finance Corporation Ltd. | 0.12% | 0.14% |
| Ambuja Cements Ltd. | 0.19% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 98.5% means 98.5% 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 Nifty 100 ETF
Every holding of this fund is also held by the other.
Largest holdings only in Parag Parikh Large Cap Fund
| Security | % of fund |
|---|---|
| Orient Cement Limited | 0.15% |
| Parag Parikh Liquid Fund- Direct Plan- Growth | 0.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Nifty 100 ETF | Parag Parikh Large Cap |
|---|---|---|
| Equity | 99.7% | 99.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.3% | 0.5% |
Market cap of stocks
| Market cap | LIC MF Nifty 100 ETF | Parag Parikh Large Cap |
|---|---|---|
| Large Cap | 97.6% | 97.4% |
| Mid Cap | 2.0% | 2.0% |
| Small Cap | 0.0% | 0.1% |
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 Nifty 100 ETF | Parag Parikh Large Cap |
|---|---|---|
| Banks | 24.9% | 25.0% |
| Petroleum Products | 7.0% | 7.0% |
| IT - Software | 6.7% | 6.7% |
| Automobiles | 6.3% | 6.3% |
| Finance | 6.2% | 6.2% |
| Telecom - Services | 4.3% | 4.4% |
| Pharmaceuticals & Biotechnology | 4.4% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Nifty 100 ETF vs Parag Parikh Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Nifty 100 ETF | Parag Parikh Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.32% |
| Base expense ratio (Direct) | 0.00% | 0.14% |
| Total expense ratio (Regular) | Not available | 0.72% |
| Base expense ratio (Regular) | 0.24% | 0.48% |
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 Nifty 100 ETF vs Parag Parikh Large Cap Fund: Frequently Asked Questions
What is the difference between LIC MF Nifty 100 ETF and Parag Parikh Large Cap Fund?
LIC MF Nifty 100 ETF is an ETF fund, Parag Parikh Large Cap Fund is a Large Cap fund, run by LIC Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 98.5%. LIC MF Nifty 100 ETF charges 0.30% a year and Parag Parikh Large Cap Fund 0.32%.
Which has the lower expense ratio, LIC MF Nifty 100 ETF or Parag Parikh Large Cap Fund?
LIC MF Nifty 100 ETF charges less: 0.30% a year against 0.32%. These are the total expense ratios reported to AMFI.
How much do LIC MF Nifty 100 ETF and Parag Parikh Large Cap Fund overlap?
98.5%. They hold 100 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Nifty 100 ETF or Parag Parikh Large Cap Fund?
On SEBI's riskometer, LIC MF Nifty 100 ETF is rated Very High and Parag Parikh Large Cap Fund Very High. Over their common history, the standard deviation of daily returns was 15.80% and 15.01% a year.
Can I invest in both LIC MF Nifty 100 ETF and Parag Parikh Large Cap Fund?
Yes. 98.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages LIC MF Nifty 100 ETF and Parag Parikh Large Cap Fund?
LIC MF Nifty 100 ETF: Nikhil Kapoor, Sasikant Aravamuthan. Parag Parikh Large Cap Fund: Rajeev Thakkar, Rukun Tarachandani, Raj Mehta, Raunak Onkar, Tejas Soman, Aishwarya Dhar.
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.