LIC MF Multi Asset Allocation Fund is a Multi Asset fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹966 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −3.3% and its Regular plan returned −4.6%.
NAV (Direct plan)
₹11.76
▼ 0.74% · 30-10-2026
NAV (Regular plan)
₹11.46
▼ 0.74% · 30-10-2026
Expense ratio
1.10%Direct2.40%Regular
1.10%
A year
Riskometer
Very High
Set by the fund house
1 year return
−3.3%Direct−4.6%Regular
−3.3%
Total
LIC MF Multi Asset Allocation Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹11.76 (down 0.74% that day); Regular Plan Growth ₹11.46 (down 0.74% that day).
This fund (Direct plan)
₹11.7588
LIC MF Multi Asset Allocation Fund Returns vs Multi Asset Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−3.85%
−4.42%
−2.29%
−3.26%
--
--
--
This fund (Regular)
−3.95%
−4.73%
−2.92%
−4.56%
--
--
--
Multi Asset average
−1.71%
−3.33%
−1.78%
+2.00%
--
--
--
Best in Multi Asset
+0.22%
+1.02%
+3.21%
+8.36%
--
--
--
Worst in Multi Asset
−3.85%
−5.28%
−5.92%
−3.66%
--
--
--
Rank in Multi Asset
37/37
30/36
22/34
30/31
--
--
--
Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. This fund's benchmark is Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10%. Returns of that index are not available to us, so the category average is the comparison.
LIC MF Multi Asset Allocation Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
−5.38%
−6.40%
LIC MF Multi Asset Allocation Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 171 periods, one for each trading day from 18-02-2026 to 30-10-2026.
−10%0%10%20%30%
LIC MF Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
Mar 2025 to Mar 2026Apr 2025 to Apr 2026Jun 2025 to Jun 2026Jul 2025 to Jul 2026Aug 2025 to Aug 2026Oct 2025 to Oct 2026
LIC MF Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
6%
0%
Below 0%
6%
8%
0-5%
34%
11%
5-10%
39%
52%
10-15%
7%
20%
15-20%
6%
9%
20-25%
2%
1%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
171
10.4%
−4.7%
26.9%
6%
13.0%
5%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
LIC MF Multi Asset Allocation Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
LIC MF Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
−3.26%
+2.25%
Standard deviation
14.27%
10.59%
Sharpe ratio
-0.60
-0.28
Sortino ratio
-0.79
-0.38
Maximum drawdown
−13.5%
(23-03-2026)
−10.3%
(23-03-2026)
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.
Measure
LIC MF Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+10.02%
+11.00%
Standard deviation
12.77%
9.38%
Sharpe ratio
0.36
0.59
Sortino ratio
0.49
0.81
Maximum drawdown
−13.5%
(23-03-2026)
−10.3%
(23-03-2026)
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.
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.
−15%−10%−5%0%
LIC MF Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
2026
LIC MF Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
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%
Category average
−10.3%
29-01-2026
23-03-2026
21-08-2026
5 months
−6.1%
From the Direct plan's daily NAV since 18-02-2025, adjusted for unit splits, and the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
LIC MF Multi Asset Allocation Fund vs Other Multi Asset Funds
The five Multi Asset funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
LIC MF Multi Asset Allocation Fund Expense Ratio and Costs
What each plan charges a year, in force from 23-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Multi Asset median
Cost rank (1 = cheapest)
Direct
0.61%
0.12%
0.01%
0.36%
1.10%
0.85%
30/37
Regular
1.82%
0.12%
0.01%
0.45%
2.40%
2.15%
28/37
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Multi Asset funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−4.56%
−3.26%
1.30%
₹95,440
₹96,740
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
LIC MF Multi Asset Allocation Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹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
Direct planLIC MF Multi Asset Allocation Fund (Direct)
₹2,10,000
₹2,13,782
₹3,782
2.0%
Regular planLIC MF Multi Asset Allocation Fund (Regular)
₹2,10,000
₹2,11,002
₹1,002
0.5%
Category averageCategory average, 37 Multi Asset funds
₹2,10,000
₹2,19,409
₹9,409
4.9%
₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L
Direct planLIC MF Multi Asset Allocation Fund (Direct)
Regular planLIC MF Multi Asset Allocation Fund (Regular)
Category averageCategory average, 37 Multi Asset funds
Amount invested
2026
Direct planLIC MF Multi Asset Allocation Fund (Direct)Regular planLIC MF Multi Asset Allocation Fund (Regular)Category averageCategory average, 37 Multi Asset fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
67.7%Equity
Asset
Fund
Category
Equity
67.7%
58.2%
Cash and others
20.6%
25.6%
Debt
11.7%
16.2%
Market cap of stocks
Market cap
Fund
Category
Large Cap
28.3%
35.1%
Mid Cap
15.8%
11.8%
Small Cap
20.9%
9.3%
Not on AMFI's list
2.6%
1.1%
Share of the whole fund. Category: the average of the Multi Asset funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 37 Multi Asset funds.
Rating
Fund
Category
Sovereign
3.4%
5.3%
AAA and A1+
8.3%
8.2%
LIC MF Multi Asset Allocation Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks10.8%
Pharmaceuticals & Biotechnology5.9%
Capital Markets4.7%
Agricultural, Commercial & Construction Vehicles4.1%
Healthcare Services3.8%
Industrial Products3.1%
Cement & Cement Products3.0%
Transport Services2.9%
Electrical Equipment2.8%
Industrial Manufacturing2.6%
The ten largest of 25 sectors. The other 15 add up to 24.0%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
11.7%
11.6%
10.8%
−0.9%
Pharmaceuticals & Biotechnology
5.1%
5.5%
5.9%
+0.8%
Capital Markets
3.8%
4.2%
4.7%
+0.9%
Agricultural, Commercial & Construction Vehicles
4.1%
4.4%
4.1%
0.0%
Healthcare Services
1.5%
2.5%
3.8%
+2.3%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
LIC MF Multi Asset Allocation Fund Portfolio Holdings
As on 30-09-2026 · 57 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
LIC Mutual Fund
14.94%
Aditya Birla Sun Life Mutual Fund
3.79%
ICICI Bank Ltd.
Banks
3.57%
0.0%
SML Mahindra Ltd.
Agricultural, Commercial & Construction Vehicles
3.10%
0.0%
Multi Commodity Exchange Of India Ltd.
Capital Markets
2.81%
+24.2%
INDO-MIM Ltd.
Industrial Manufacturing
2.62%
+5.6%
7.83% Tata Capital Housing Finance Ltd. · Bond
CRISIL AAA
2.57%
Axis Bank Ltd.
Banks
2.45%
0.0%
Jindal Stainless Ltd.
Ferrous Metals
2.19%
0.0%
Bharti Airtel Ltd.
Telecom - Services
2.11%
0.0%
7.47% Reliance Industries Ltd. · Bond
CRISIL AAA
2.06%
Larsen & Toubro Ltd.
Construction
2.01%
−16.2%
Mahindra & Mahindra Ltd.
Automobiles
2.00%
+98.3%
SKF India (Industrial) Ltd.
Industrial Products
1.83%
New
State Bank of India
Banks
1.82%
0.0%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
1.76%
0.0%
Cohance Lifesciences Ltd.
Pharmaceuticals & Biotechnology
1.75%
+0.3%
Nuvoco Vistas Corporation Ltd.
Cement & Cement Products
1.69%
+46.6%
InterGlobe Aviation Ltd.
Transport Services
1.61%
−35.6%
Siemens Energy India Ltd.
Electrical Equipment
1.61%
+11.5%
7.39% Indian Railway Finance Corporation Ltd. · Bond
CRISIL AAA
1.57%
Karur Vysya Bank Ltd.
Banks
1.52%
−21.7%
Britannia Industries Ltd.
Food Products
1.52%
0.0%
Vishal Mega Mart Ltd
Retailing
1.49%
0.0%
Persistent Systems Ltd.
IT - Software
1.45%
0.0%
Godfrey Phillips India Ltd.
Cigarettes & Tobacco Products
1.43%
−12.2%
Aster DM Quality Care Ltd.
Healthcare Services
1.41%
0.0%
Bank of Baroda
Banks
1.40%
0.0%
BSE Ltd.
Capital Markets
1.37%
0.0%
Nephrocare Health Services Ltd.
Healthcare Services
1.37%
New
Delhivery Ltd.
Transport Services
1.32%
+10.7%
Garware Hi-Tech Films Ltd.
Industrial Products
1.29%
0.0%
Cholamandalam Investment & Fin Co Ltd.
Finance
1.29%
+35.0%
Ultratech Cement Ltd.
Cement & Cement Products
1.26%
0.0%
Torrent Pharmaceuticals Ltd.
Pharmaceuticals & Biotechnology
1.22%
+25.6%
Tenneco Clean Air India Ltd.
Auto Components
1.18%
+6.0%
Schneider Electric Infrastructure Ltd.
Electrical Equipment
1.18%
+11.8%
LG Electronics India Ltd.
Consumer Durables
1.15%
0.0%
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
1.14%
−2.1%
Abbott India Ltd.
Pharmaceuticals & Biotechnology
1.13%
+14.2%
Trent Ltd.
Retailing
1.08%
0.0%
6.94% Government of India · Government security
SOVEREIGN
1.05%
6.79% Government of India · Government security
SOVEREIGN
1.05%
BEML Ltd.
Agricultural, Commercial & Construction Vehicles
1.03%
−9.1%
7.79% Bajaj Finance Ltd. · Bond
CRISIL AAA
1.01%
Apollo Hospitals Enterprise Ltd.
Healthcare Services
1.00%
0.0%
Allied Blenders And Distillers Ltd.
Beverages
0.93%
0.0%
MOIL Ltd.
Minerals & Mining
0.91%
0.0%
Bharat Electronics Ltd.
Aerospace & Defense
0.85%
0.0%
Foseco India Ltd.
Chemicals & Petrochemicals
0.68%
+1.5%
Radico Khaitan Ltd.
Beverages
0.62%
0.0%
Nippon Life India Asset Management Ltd.
Capital Markets
0.54%
0.0%
7.65% State Government of Karnataka · State government security
SOVEREIGN
0.54%
7.2% State Government of Karnataka · State government security
SOVEREIGN
0.53%
8.13% Nuclear Power Corporation · Bond
CRISIL AAA
0.53%
7.7% National Highways Authority of India · Bond
CRISIL AAA
0.52%
7.1% Government of India · Government security
SOVEREIGN
0.27%
LIC MF Multi Asset Allocation Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Multi Commodity Exchange Of India Ltd.
↑Added
+24.2%
2.81%
INDO-MIM Ltd.
↑Added
+5.6%
2.62%
InterGlobe Aviation Ltd.
↓Reduced
−35.6%
1.61%
Larsen & Toubro Ltd.
↓Reduced
−16.2%
2.01%
Mahindra & Mahindra Ltd.
↑Added
+98.3%
2.00%
Karur Vysya Bank Ltd.
↓Reduced
−21.7%
1.52%
SKF India (Industrial) Ltd.
↑New
New
1.83%
Cohance Lifesciences Ltd.
↑Added
+0.3%
1.75%
Godfrey Phillips India Ltd.
↓Reduced
−12.2%
1.43%
PB Fintech Ltd.
↓Sold out
−100%
was 1.72%
Nuvoco Vistas Corporation Ltd.
↑Added
+46.6%
1.69%
Siemens Energy India Ltd.
↑Added
+11.5%
1.61%
Nephrocare Health Services Ltd.
↑New
New
1.37%
Delhivery Ltd.
↑Added
+10.7%
1.32%
Cholamandalam Investment & Fin Co Ltd.
↑Added
+35.0%
1.29%
Oracle Financial Services Software Ltd.
↓Sold out
−100%
was 1.25%
Torrent Pharmaceuticals Ltd.
↑Added
+25.6%
1.22%
Tenneco Clean Air India Ltd.
↑Added
+6.0%
1.18%
Schneider Electric Infrastructure Ltd.
↑Added
+11.8%
1.18%
Navin Fluorine International Ltd.
↓Reduced
−2.1%
1.14%
Tata Steel Ltd.
↓Sold out
−100%
was 1.15%
Abbott India Ltd.
↑Added
+14.2%
1.13%
BEML Ltd.
↓Reduced
−9.1%
1.03%
Tata Motors Ltd.
↓Sold out
−100%
was 1.00%
Coforge Ltd.
↓Sold out
−100%
was 0.77%
Foseco India Ltd.
↑Added
+1.5%
0.68%
Pidilite Industries Ltd.
↓Sold out
−100%
was 0.61%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
LIC MF Multi Asset Allocation Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.10%
Expense ratio (Regular)
2.40%
Category
Multi Asset
Risk
Very High
Launch date
14-02-2025
Minimum investment
₹5,000
Minimum additional investment
₹500
AUM
₹965.75 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
153246
ISIN (Direct)
INF767K01RZ5
Scheme code (Regular)
153248
ISIN (Regular)
INF767K01RW2
NAV history
From 18-02-2025, 1.7 years
Benchmark
Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10%
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.
Tax on LIC MF Multi Asset Allocation Fund returns
How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹11.7588
30-10-2026
direct
IDCW
₹11.7588
30-10-2026
regular
Growth
₹11.464
30-10-2026
regular
IDCW
₹11.464
30-10-2026
About LIC MF Multi Asset Allocation Fund
LIC MF Multi Asset Allocation Fund is a mutual fund from LIC Mutual Fund. Its category is Multi Asset. It was launched on 14-02-2025. Its benchmark is Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10%. At the end of September 2026 it held 57 securities.
Fund Manager
Sumit Bhatnagar
Fund manager of LIC MF Multi Asset Allocation Fund, since 14-02-2025
Pratik Shroff
Fund manager of LIC MF Multi Asset Allocation Fund, since 14-02-2025
Frequently Asked Questions for LIC MF Multi Asset Allocation Fund
What is the current NAV of LIC MF Multi Asset Allocation Fund?
The Direct plan NAV is ₹11.7588. The Regular plan NAV is ₹11.464, as on 30-10-2026.
What are the returns of LIC MF Multi Asset Allocation Fund?
The Direct plan returned −3.26% in 1 year. The Regular plan returned −4.56% in 1 year. These figures are as on 30-10-2026.
What is the expense ratio of LIC MF Multi Asset Allocation Fund?
The Direct plan charges 1.10% a year. The Regular plan charges 2.40% a year. This is the figure the fund house reported to AMFI, in force from 23-10-2026.
What is the AUM of LIC MF Multi Asset Allocation Fund?
LIC MF Multi Asset Allocation Fund managed ₹965.75 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of LIC MF Multi Asset Allocation Fund?
At the end of September 2026 the largest holdings were LICMFGOLD (14.94%), SILVER (3.79%), ICICIBANK (3.57%), SMLMAH (3.10%), MCX (2.81%). The fund held 57 securities in all.
What did LIC MF Multi Asset Allocation Fund buy and sell in September 2026?
It bought 2 new stocks: SKF India (Industrial) Ltd, Nephrocare Health Services Ltd. It sold out of 6: Tata Steel Ltd, Tata Motors Ltd, Pidilite Industries Ltd, PB Fintech Ltd, Coforge Ltd. It added shares in 13. It reduced 6.
How do I invest in LIC MF Multi Asset Allocation Fund?
Through LIC Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of LIC MF Multi Asset Allocation Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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