LIC MF Nifty 100 ETF vs Tata Multi Asset Allocation 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 Tata Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, LIC MF Nifty 100 ETF returned 8.8% a year and Tata Multi Asset Allocation Fund (Direct) returned 12.2% a year. LIC MF Nifty 100 ETF charges 0.30% a year and Tata Multi Asset Allocation Fund 0.65%. Their portfolios overlap 36.2%: they hold 36 of the same securities.
Tata Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 12.2%
- Expense ratio
- 0.65%
- NAV
- ₹26.80
Which is better, LIC MF Nifty 100 ETF or Tata 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.
- Tata Multi Asset Allocation returned more over 5 years: 11.1% a year against 6.9%.
- Tata Multi Asset Allocation returned more over 3 years: 12.2% a year against 8.8%.
- LIC MF Nifty 100 ETF costs less: 0.30% a year against 0.65%.
- Tata Multi Asset Allocation swung less over 3 years: a standard deviation of 9.2% a year against 13.7%.
- Tata Multi Asset Allocation fell less in its worst fall since 12-03-2020: −13.5% against −23.2%.
- LIC MF Nifty 100 ETF holds more in large companies: 97.6% of the fund in large caps against 41.6%.
- Tata Multi Asset Allocation is the larger fund: ₹5,000 Cr against ₹698 Cr.
- Their portfolios overlap 36.2%: 36 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 | Tata Multi Asset Allocation Fund |
|---|---|---|
| Fund house | LIC Mutual Fund | Tata Mutual Fund |
| Category | ETF | Multi Asset |
| AUM | ₹698 Cr (30-09-2026) | ₹5,000 Cr (30-09-2026) |
| NAV | ₹263.09 | ₹26.80 (Direct) |
| Expense ratio (Direct) | Not available | 0.65% |
| Expense ratio (Regular) | Not available | 1.96% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 TRI | (65%) BSE 200 + (15%) CRISIL Short Term Bond Index + (20%) iCOMDEX Composite Index TRI |
| Launch date | 17-03-2016 | 04-03-2020 |
| 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 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nikhil Kapoor, Sasikant Aravamuthan | Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel |
| Exit load | Nil | Exit load of 0.50%, if redeemed within 30 days. |
LIC MF Nifty 100 ETF vs Tata 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 Nifty 100 ETF | +1.02% | −5.36% | −3.05% | −8.92% | +8.77% | +6.92% | +11.38% |
| Tata Multi Asset Allocation Fund (Direct) | −1.53% | −4.95% | −2.81% | −1.92% | +12.24% | +11.14% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
LIC MF Nifty 100 ETF vs Tata Multi Asset Allocation: Year-wise Returns
| Year | LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | Tata Multi Asset AllocationTata Multi Asset Allocation |
|---|---|---|
| 2026to date | −9.51% | −4.90% |
| 2025 | +9.95% | +16.53% |
| 2024 | +12.58% | +16.25% |
| 2023 | +20.76% | +20.21% |
| 2022 | +4.76% | +8.86% |
| 2021 | +25.98% | +24.63% |
LIC MF Nifty 100 ETF vs Tata Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against Nifty 100 TRI, the benchmark of LIC MF Nifty 100 ETF
Rolling returns
Every 3-year holding period, 895 of them, one for each trading day from 13-03-2023 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 Nifty 100 ETF
Tata Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
to
Jun 2023Feb 2021
to
Feb 2024Sept 2021
to
Sept 2024May 2022
to
May 2025Dec 2022
to
Dec 2025Jul 2023
to
Jul 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 Nifty 100 ETF | 0.0 | 0.0 | 7.5 | 42.7 | 35.9 | 10.7 | 3.2 | 15.4% | 15.0% | 6.8% | 31.0% | 0% |
| Tata Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 18.2 | 68.2 | 13.2 | 0.3 | 17.1% | 17.0% | 11.4% | 26.1% | 81% |
| Nifty 100 TRI | 0.0 | 0.0 | 5.4 | 41.7 | 38.0 | 10.9 | 4.0 | 15.7% | 15.3% | 7.1% | 31.4% | -- |
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 100 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 12-03-2020. Past returns do not promise future returns.
LIC MF Nifty 100 ETF vs Tata 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 02-03-2020 to 30-10-2026: 80 instalments, ₹8,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF | ₹8,00,000 | ₹10,88,075 | ₹2,88,075 | 9.1% |
| Tata Multi Asset AllocationTata Multi Asset Allocation Fund (Direct) | ₹8,00,000 | ₹12,22,597 | ₹4,22,597 | 12.6% |
LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF
Tata Multi Asset AllocationTata 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 Nifty 100 ETF vs Tata 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 Nifty 100 ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.92% | −1.92% |
| Standard deviation | 14.02% | 10.57% |
| Sharpe ratio | -1.01 | -0.68 |
| Sortino ratio | -1.34 | -0.89 |
| Maximum drawdown | −14.9% (31-03-2026) | −10.3% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.26% | -- |
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 Nifty 100 ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.77% | +12.24% |
| Standard deviation | 13.69% | 9.21% |
| Sharpe ratio | 0.20 | 0.67 |
| Sortino ratio | 0.28 | 0.91 |
| Maximum drawdown | −17.3% (28-02-2025) | −10.3% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.31% | -- |
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 Nifty 100 ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.92% | +11.14% |
| Standard deviation | 13.98% | 8.85% |
| Sharpe ratio | 0.08 | 0.60 |
| Sortino ratio | 0.11 | 0.82 |
| Maximum drawdown | −17.3% (28-02-2025) | −10.3% (23-03-2026) |
| Beta | 1.00 | -- |
| Alpha | −0.30% | -- |
From daily NAVs, 29-10-2021 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 Nifty 100 ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.32% | +16.84% |
| Standard deviation | 15.80% | 10.44% |
| Sharpe ratio | 0.43 | 1.12 |
| Sortino ratio | 0.59 | 1.52 |
| Maximum drawdown | −38.0% (23-03-2020) | −13.5% (23-03-2020) |
| Beta | 1.00 | -- |
| Alpha | −0.32% | -- |
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
Tata Multi Asset Allocation 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 | −23.2% | 13-03-2020 | 23-03-2020 | 02-06-2020 | 2 months | −10.5% |
| Tata Multi Asset Allocation Fund (Direct) | −13.5% | 13-03-2020 | 23-03-2020 | 30-04-2020 | 38 days | −6.7% |
| Nifty 100 TRI | −23.1% | 13-03-2020 | 23-03-2020 | 02-06-2020 | 2 months | −10.1% |
From daily values since 12-03-2020, 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 Nifty 100 ETF
Tata Multi Asset Allocation Fund (Direct)
Nifty 100 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 Nifty 100 ETF
Tata Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
LIC MF Nifty 100 ETF
Tata Multi Asset Allocation Fund (Direct)
Nifty 100 TRI
Against Nifty 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| LIC MF Nifty 100 ETF | 99% | 101% | 0.07% |
| Tata Multi Asset Allocation Fund (Direct) | 72% | 37% | 6.88% |
From month-end values since 12-03-2020. 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 Nifty 100 ETF vs Tata Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: LIC MF Nifty 100 ETF, September 2026; Tata Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 36.2%
- Held by both
- 36
- Only in LIC MF Nifty 100 ETF
- 64
- Only in Tata Multi Asset Allocation
- 64
| Security | % of LIC MF Nifty 100 ETF | % of Tata Multi Asset Allocation |
|---|---|---|
| Reliance Industries Ltd. | 6.09% | 3.81% |
| HDFC Bank Ltd. | 8.34% | 3.58% |
| ICICI Bank Ltd. | 7.28% | 3.15% |
| Bharti Airtel Ltd. | 4.10% | 2.66% |
| Kotak Mahindra Bank Ltd. | 2.36% | 2.03% |
| Axis Bank Ltd. | 2.71% | 1.73% |
| State Bank of India | 3.05% | 1.55% |
| Larsen & Toubro Ltd. | 3.38% | 1.30% |
| Vedanta Aluminium Metal Ltd. | 1.10% | 1.37% |
| Eternal Ltd. | 1.78% | 1.07% |
| Tata Steel Ltd. | 1.18% | 1.07% |
| Adani Ports & Special Economic Zone Ltd. | 1.05% | 1.33% |
| Mahindra & Mahindra Ltd. | 2.02% | 0.93% |
| Ultratech Cement Ltd. | 1.01% | 0.88% |
| NTPC Ltd. | 1.17% | 0.87% |
| Infosys Ltd. | 2.70% | 0.73% |
| Sun Pharmaceutical Industries Ltd. | 1.48% | 0.72% |
| Bajaj Finance Ltd. | 2.02% | 0.68% |
| Adani Power Ltd. | 0.67% | 0.74% |
| Apollo Hospitals Enterprise Ltd. | 0.66% | 0.73% |
| Tata Consultancy Services Ltd. | 1.60% | 0.63% |
| Tech Mahindra Ltd. | 0.75% | 0.60% |
| Bajaj Finserv Ltd. | 0.79% | 0.51% |
| Cummins India Ltd. | 0.51% | 1.04% |
| Bharat Petroleum Corporation Ltd. | 0.48% | 0.56% |
| Tata Motors Passenger Vehicles Ltd. | 0.46% | 1.08% |
| HDFC Life Insurance Company Ltd. | 0.44% | 0.45% |
| Jindal Steel Ltd. | 0.34% | 1.03% |
| Adani Energy Solutions Ltd. | 0.34% | 0.97% |
| Bank of Baroda | 0.33% | 0.73% |
| Hindustan Unilever Ltd. | 1.28% | 0.30% |
| Oil & Natural Gas Corporation Ltd. | 0.68% | 0.27% |
| Siemens Ltd. | 0.26% | 0.51% |
| Ambuja Cements Ltd. | 0.19% | 0.50% |
| Maruti Suzuki India Ltd. | 1.20% | 0.13% |
| Tata Capital Ltd. | 0.13% | 0.70% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.2% means 36.2% 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 Nifty 100 ETF
| Security | % of fund |
|---|---|
| ITC Ltd. | 1.94% |
| Titan Company Ltd. | 1.46% |
| Shriram Finance Ltd. | 1.07% |
| Bharat Electronics Ltd. | 1.06% |
| Hindalco Industries Ltd. | 1.04% |
Largest holdings only in Tata Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| TATA GOLD EXCHANGE TRADED FUND | 6.04% |
| TATA SILVER EXCHANGE TRADED FUND | 2.26% |
| DR. AGARWALS HEALTH CARE LTD | 1.53% |
| FEDERAL BANK LTD | 1.47% |
| NIVA BUPA HEALTH INSURANCE COMPANY LTD | 1.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | LIC MF Nifty 100 ETF | Tata Multi Asset Allocation |
|---|---|---|
| Equity | 99.7% | 66.6% |
| Debt | 0.0% | 10.7% |
| Cash and others | 0.3% | 22.7% |
Market cap of stocks
| Market cap | LIC MF Nifty 100 ETF | Tata Multi Asset Allocation |
|---|---|---|
| Large Cap | 97.6% | 41.6% |
| Mid Cap | 2.0% | 9.2% |
| Small Cap | 0.0% | 15.2% |
| Not on AMFI's list | 0.0% | 0.7% |
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 | Tata Multi Asset Allocation |
|---|---|---|
| Banks | 24.9% | 15.6% |
| Petroleum Products | 7.0% | 4.4% |
| IT - Software | 6.7% | 2.0% |
| Automobiles | 6.3% | 3.0% |
| Finance | 6.2% | 3.4% |
| Pharmaceuticals & Biotechnology | 4.4% | 1.6% |
| Insurance | 1.0% | 4.2% |
| Power | 3.9% | 3.9% |
| Healthcare Services | 1.2% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
LIC MF Nifty 100 ETF vs Tata Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | LIC MF Nifty 100 ETF | Tata Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.65% |
| Base expense ratio (Direct) | 0.00% | 0.45% |
| Total expense ratio (Regular) | Not available | 1.96% |
| Base expense ratio (Regular) | 0.24% | 1.58% |
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 Nifty 100 ETF vs Tata Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between LIC MF Nifty 100 ETF and Tata Multi Asset Allocation Fund?
LIC MF Nifty 100 ETF is an ETF fund, Tata Multi Asset Allocation Fund is a Multi Asset fund, run by LIC Mutual Fund and Tata Mutual Fund. Their portfolios overlap 36.2%. LIC MF Nifty 100 ETF charges 0.30% a year and Tata Multi Asset Allocation Fund 0.65%.
Which has given higher returns, LIC MF Nifty 100 ETF or Tata Multi Asset Allocation Fund?
Over 1 year: LIC MF Nifty 100 ETF −8.92%, Tata Multi Asset Allocation Fund −1.92%. Over 3 years: LIC MF Nifty 100 ETF +8.77% a year, Tata Multi Asset Allocation Fund +12.24% a year. Over 5 years: LIC MF Nifty 100 ETF +6.92% a year, Tata Multi Asset Allocation Fund +11.14% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, LIC MF Nifty 100 ETF or Tata Multi Asset Allocation Fund?
LIC MF Nifty 100 ETF charges less: 0.30% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do LIC MF Nifty 100 ETF and Tata Multi Asset Allocation Fund overlap?
36.2%. They hold 36 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, LIC MF Nifty 100 ETF or Tata Multi Asset Allocation Fund?
On SEBI's riskometer, LIC MF Nifty 100 ETF is rated Very High and Tata Multi Asset Allocation Fund Very High. Over 3 years, the standard deviation of daily returns was 13.69% and 9.21% a year.
Which is better for SIP, LIC MF Nifty 100 ETF or Tata Multi Asset Allocation Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,05,460 in LIC MF Nifty 100 ETF (XIRR 5.7% a year) and ₹7,90,571 in Tata Multi Asset Allocation Fund (XIRR 10.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both LIC MF Nifty 100 ETF and Tata Multi Asset Allocation Fund?
Yes. 36.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages LIC MF Nifty 100 ETF and Tata Multi Asset Allocation Fund?
LIC MF Nifty 100 ETF: Nikhil Kapoor, Sasikant Aravamuthan. Tata Multi Asset Allocation Fund: Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel.
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.