LIC MF Multi Cap Fund is a Multi Cap fund run by LIC Mutual Fund. On 30-09-2026, it managed ₹2,187 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 16.9% a year and its Regular plan returned 15.2% a year. Its benchmark, Nifty500 Multicap 50:25:25 TRI, returned 11.3% a year over the same 3 years.
NAV (Direct plan)
₹18.71
▼ 0.49% · 30-10-2026
NAV (Regular plan)
₹17.56
▼ 0.49% · 30-10-2026
Expense ratio
0.79%Direct2.15%Regular
0.79%
A year
Riskometer
Very High
Set by the fund house
3 year return
16.9%Direct15.2%Regular
16.9%
A year
LIC MF Multi Cap Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹18.71 (down 0.49% that day); Regular Plan Growth ₹17.56 (down 0.49% that day).
This fund (Direct plan)
₹18.71
LIC MF Multi Cap Fund Returns vs Nifty500 Multicap 50:25:25 TRI
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)
−1.81%
−3.18%
+5.71%
+1.01%
+16.94%
--
--
This fund (Regular)
−1.92%
−3.51%
+4.99%
−0.41%
+15.16%
--
--
Nifty500 Multicap 50:25:25 TRI
−1.85%
−6.19%
−2.20%
−6.04%
+11.26%
+10.51%
--
Multi Cap average
−2.65%
−3.95%
+1.99%
−1.14%
+13.54%
--
--
Best in Multi Cap
−1.18%
+3.90%
+17.42%
+10.28%
+18.70%
--
--
Worst in Multi Cap
−5.15%
−8.29%
−5.16%
−9.57%
+5.07%
--
--
Rank in Multi Cap
10/33
10/32
5/32
10/32
3/23
--
--
Category rows compare the Direct plans of 33 Multi Cap funds. Rank 1 is the highest return.
LIC MF Multi Cap Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty500 Multicap 50:25:25 TRI
2026to date
+2.52%
+1.34%
−5.56%
2025
+2.79%
+1.24%
+5.29%
2024
+34.47%
+32.27%
+19.34%
2023
+32.98%
+30.74%
+33.74%
LIC MF Multi Cap 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 3-year holding period, plotted on the day it ended. There are 244 periods, one for each trading day from 03-11-2025 to 30-10-2026.
0%5%10%15%20%25%
LIC MF Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Dec 2022 to Dec 2025Feb 2023 to Feb 2026Apr 2023 to Apr 2026Jun 2023 to Jun 2026Aug 2023 to Aug 2026Oct 2023 to Oct 2026
LIC MF Multi Cap Fund (Direct)Nifty500 Multicap 50:25:25 TRI
0%
0%
Below 0%
0%
0%
0-5%
0%
0%
5-10%
0%
30%
10-15%
33%
68%
15-20%
67%
2%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
736
14.4%
−3.4%
55.7%
5%
8.6%
80%
2 years
490
22.2%
1.6%
35.7%
0%
17.6%
100%
3 years
244
20.5%
15.7%
23.8%
0%
17.0%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
36
17.1%
−17.2%
64.7%
11%
11.9%
75%
2 years
24
13.8%
−4.2%
38.2%
4%
9.4%
100%
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 benchmark" counts the periods in which the fund did better than Nifty500 Multicap 50:25:25 TRI over the same days. Past returns do not promise future returns.
LIC MF Multi Cap Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
LIC MF Multi Cap Fund (Direct)This fund
Nifty500 Multicap 50:25:25 TRI
Return (CAGR)
+1.01%
−6.04%
Standard deviation
15.66%
15.02%
Sharpe ratio
-0.27
-0.75
Sortino ratio
-0.37
-1.00
Maximum drawdown
−14.8%
(31-03-2026)
−14.6%
(30-03-2026)
Beta
1.01
1.00
Alpha
+7.21%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
LIC MF Multi Cap Fund (Direct)This fund
Nifty500 Multicap 50:25:25 TRI
Return (CAGR)
+16.94%
+11.26%
Standard deviation
15.49%
15.12%
Sharpe ratio
0.70
0.35
Sortino ratio
0.96
0.46
Maximum drawdown
−19.3%
(28-02-2025)
−19.8%
(03-03-2025)
Beta
0.99
1.00
Alpha
+5.74%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
LIC MF Multi Cap Fund (Direct)This fund
Nifty500 Multicap 50:25:25 TRI
Return (CAGR)
+16.93%
+12.25%
Standard deviation
14.09%
14.07%
Sharpe ratio
0.76
0.43
Sortino ratio
1.04
0.58
Maximum drawdown
−19.3%
(28-02-2025)
−19.8%
(03-03-2025)
Beta
0.96
1.00
Alpha
+4.92%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−20%−15%−10%−5%0%
LIC MF Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
2023202420252026
LIC MF Multi Cap Fund (Direct)Nifty500 Multicap 50:25:25 TRI
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%
Nifty500 Multicap 50:25:25 TRI
−19.8%
26-09-2024
03-03-2025
03-08-2026
17 months
−8.0%
From the Direct plan's daily NAV since 02-11-2022, adjusted for unit splits, and Nifty500 Multicap 50:25:25 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
LIC MF Multi Cap Fund vs Other Multi Cap Funds
The five Multi Cap 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 Cap 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 Cap median
Cost rank (1 = cheapest)
Direct
0.49%
0.07%
0.00%
0.23%
0.79%
0.96%
6/33
Regular
1.75%
0.07%
0.00%
0.33%
2.15%
2.21%
14/33
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 Cap 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
−0.41%
1.01%
1.42%
₹99,590
₹1,01,010
3 years
15.16%
16.94%
1.78% a year
₹1,52,723
₹1,59,915
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 Cap 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 02-11-2022 to 30-10-2026: 48 instalments, ₹4,80,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planLIC MF Multi Cap Fund (Direct)
₹4,80,000
₹6,22,335
₹1,42,335
13.0%
Regular planLIC MF Multi Cap Fund (Regular)
₹4,80,000
₹6,01,076
₹1,21,076
11.3%
Nifty500 Multicap 50:25:25 TRI
₹4,80,000
₹5,53,125
₹73,125
7.1%
Category averageCategory average, 33 Multi Cap funds
₹4,80,000
₹5,90,668
₹1,10,668
10.4%
₹0₹2.0 L₹4.0 L₹6.0 L₹8.0 L
Direct planLIC MF Multi Cap Fund (Direct)
Regular planLIC MF Multi Cap Fund (Regular)
Nifty500 Multicap 50:25:25 TRI
Category averageCategory average, 33 Multi Cap funds
Amount invested
2023202420252026
Direct planLIC MF Multi Cap Fund (Direct)Regular planLIC MF Multi Cap Fund (Regular)Nifty500 Multicap 50:25:25 TRICategory averageCategory average, 33 Multi Cap fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI 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 Cap Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
93.5%Equity
Asset
Fund
Category
Equity
93.5%
94.9%
Cash and others
6.5%
4.5%
Market cap of stocks
Market cap
Fund
Category
Large Cap
37.7%
35.5%
Mid Cap
29.8%
27.2%
Small Cap
26.0%
29.4%
Share of the whole fund. Category: the average of the Multi Cap 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.
LIC MF Multi Cap Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks13.8%
Electrical Equipment7.7%
Retailing6.8%
Industrial Products5.1%
Automobiles5.0%
Auto Components5.0%
Chemicals & Petrochemicals4.7%
Pharmaceuticals & Biotechnology4.2%
Financial Technology (Fintech)3.5%
Consumer Durables2.8%
The ten largest of 33 sectors. The other 23 add up to 35.0%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
14.7%
14.2%
13.8%
−0.9%
Electrical Equipment
7.6%
8.1%
7.7%
+0.1%
Retailing
5.1%
5.3%
6.8%
+1.7%
Industrial Products
5.5%
5.1%
5.1%
−0.4%
Automobiles
4.4%
4.3%
5.0%
+0.6%
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 Cap Fund Portfolio Holdings
As on 30-09-2026 · 62 holdings · from the fund house's monthly portfolio
Holdings
Sector
Weight%
Holdings trend
1M change
Garware Hi-Tech Films Ltd.
Industrial Products
3.96%
0.0%
ICICI Bank Ltd.
Banks
3.33%
0.0%
Avalon Technologies Ltd.
Electrical Equipment
3.05%
−11.9%
Kotak Mahindra Bank Ltd.
Banks
2.86%
0.0%
HDFC Bank Ltd.
Banks
2.78%
0.0%
Lenskart Solutions Ltd.
Retailing
2.38%
0.0%
Eternal Ltd.
Retailing
2.23%
+29.0%
LG Electronics India Ltd.
Consumer Durables
2.22%
+47.1%
Hyundai Motor India Ltd.
Automobiles
2.21%
New
One 97 Communications Ltd.
Financial Technology (Fintech)
2.14%
0.0%
Axis Bank Ltd.
Banks
2.05%
0.0%
SRF Ltd.
Chemicals & Petrochemicals
1.90%
+9.8%
Allied Blenders And Distillers Ltd.
Beverages
1.83%
0.0%
JSW Infrastructure Ltd.
Transport Infrastructure
1.80%
0.0%
Manorama Industries Ltd.
Food Products
1.69%
0.0%
Tata Motors Ltd.
Agricultural, Commercial & Construction Vehicles
1.64%
0.0%
Sun Pharmaceutical Industries Ltd.
Pharmaceuticals & Biotechnology
1.62%
0.0%
Abbott India Ltd.
Pharmaceuticals & Biotechnology
1.57%
0.0%
Bharat Forge Ltd.
Auto Components
1.56%
0.0%
Tata Communications Ltd.
Telecom - Services
1.56%
+7.8%
Oil India Ltd.
Oil
1.53%
+30.7%
InterGlobe Aviation Ltd.
Transport Services
1.53%
0.0%
Azad Engineering Ltd.
Electrical Equipment
1.52%
0.0%
JSW Steel Ltd.
Ferrous Metals
1.52%
0.0%
TVS Motor Company Ltd.
Automobiles
1.49%
0.0%
Pidilite Industries Ltd.
Chemicals & Petrochemicals
1.47%
0.0%
HDFC Asset Management Company Ltd.
Capital Markets
1.44%
0.0%
The Federal Bank Ltd.
Banks
1.43%
0.0%
Grasim Industries Ltd.
Cement & Cement Products
1.42%
0.0%
Shriram Finance Ltd.
Finance
1.36%
0.0%
Schneider Electric Infrastructure Ltd.
Electrical Equipment
1.34%
0.0%
Coromandel International Ltd.
Fertilizers & Agrochemicals
1.34%
0.0%
Mahindra & Mahindra Ltd.
Automobiles
1.34%
0.0%
PB Fintech Ltd.
Financial Technology (Fintech)
1.34%
+48.3%
BSE Ltd.
Capital Markets
1.33%
+27.0%
State Bank of India
Banks
1.33%
0.0%
Samvardhana Motherson International Ltd.
Auto Components
1.30%
0.0%
Navin Fluorine International Ltd.
Chemicals & Petrochemicals
1.28%
0.0%
Tata Consultancy Services Ltd.
IT - Software
1.28%
0.0%
Dr Agarwal's Health Care Ltd.
Healthcare Services
1.26%
0.0%
Bharti Hexacom Ltd.
Telecom - Services
1.26%
0.0%
Prestige Estates Projects Ltd.
Realty
1.24%
0.0%
Hindustan Aeronautics Ltd.
Aerospace & Defense
1.22%
0.0%
Shakti Pumps (India) Ltd.
Industrial Products
1.18%
0.0%
GE Vernova T&D India Limited
Electrical Equipment
1.18%
0.0%
Arvind Fashions Ltd.
Retailing
1.16%
0.0%
Godfrey Phillips India Ltd.
Cigarettes & Tobacco Products
1.14%
0.0%
Marico Ltd.
Agricultural Food & other Products
1.11%
0.0%
Saregama India Ltd.
Entertainment
1.09%
0.0%
UNO Minda Ltd.
Auto Components
1.07%
0.0%
Cholamandalam Financial Holdings Ltd.
Finance
1.05%
0.0%
Carraro India Ltd.
Auto Components
1.05%
0.0%
Persistent Systems Ltd.
IT - Software
1.03%
0.0%
Swiggy Ltd.
Retailing
0.99%
New
Kennametal India Ltd.
Industrial Manufacturing
0.97%
0.0%
Torrent Pharmaceuticals Ltd.
Pharmaceuticals & Biotechnology
0.96%
0.0%
Techno Electric & Engineering Co. Ltd.
Construction
0.89%
0.0%
Gillette India Ltd.
Personal Products
0.67%
0.0%
Bharat Bijlee Ltd.
Electrical Equipment
0.63%
0.0%
Metro Brands Ltd.
Consumer Durables
0.61%
0.0%
Leela Palaces Hotels & Resorts Ltd.
Leisure Services
0.51%
New
Bikaji Foods International Ltd.
Food Products
0.26%
−57.9%
LIC MF Multi Cap Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Avalon Technologies Ltd.
↓Reduced
−11.9%
3.05%
Eternal Ltd.
↑Added
+29.0%
2.23%
LG Electronics India Ltd.
↑Added
+47.1%
2.22%
Hyundai Motor India Ltd.
↑New
New
2.21%
SRF Ltd.
↑Added
+9.8%
1.90%
Tata Communications Ltd.
↑Added
+7.8%
1.56%
PB Fintech Ltd.
↑Added
+48.3%
1.34%
Oil India Ltd.
↑Added
+30.7%
1.53%
Maruti Suzuki India Ltd.
↓Sold out
−100%
was 1.36%
BSE Ltd.
↑Added
+27.0%
1.33%
Max Financial Services Ltd.
↓Sold out
−100%
was 1.09%
Swiggy Ltd.
↑New
New
0.99%
EIH Ltd.
↓Sold out
−100%
was 0.99%
Bikaji Foods International Ltd.
↓Reduced
−57.9%
0.26%
Leela Palaces Hotels & Resorts Ltd.
↑New
New
0.51%
Dee Development Engineers Ltd.
↓Sold out
−100%
was 0.45%
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 Cap Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.79%
Expense ratio (Regular)
2.15%
Category
Multi Cap
Risk
Very High
Launch date
02-11-2022
Minimum investment
₹5,000
Minimum additional investment
₹500
AUM
₹2,187.21 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
150659
ISIN (Direct)
INF767K01RK7
Scheme code (Regular)
150661
ISIN (Regular)
INF767K01RH3
NAV history
From 02-11-2022, 4.0 years
Benchmark
NIFTY 500 Multicap 50:25:25 Total Return Index
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 12 months.
Tax on LIC MF Multi Cap Fund returns
LIC MF Multi Cap Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
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
₹18.71
30-10-2026
direct
IDCW
₹18.71
30-10-2026
regular
Growth
₹17.5571
30-10-2026
regular
IDCW
₹17.5571
30-10-2026
About LIC MF Multi Cap Fund
LIC MF Multi Cap Fund is a mutual fund from LIC Mutual Fund. Its category is Multi Cap. It was launched on 02-11-2022. Its benchmark is NIFTY 500 Multicap 50:25:25 Total Return Index. At the end of September 2026 it held 62 securities.
Fund Manager
Dikshit Mittal
Fund manager of LIC MF Multi Cap Fund, since 01-12-2022
Mahesh Bendre
Fund manager of LIC MF Multi Cap Fund, since 01-09-2026
Nikhil Kapoor
Fund manager of LIC MF Multi Cap Fund, since 01-09-2026
Frequently Asked Questions for LIC MF Multi Cap Fund
What is the current NAV of LIC MF Multi Cap Fund?
The Direct plan NAV is ₹18.71. The Regular plan NAV is ₹17.5571, as on 30-10-2026.
What are the returns of LIC MF Multi Cap Fund?
The Direct plan returned +1.01% in 1 year, +16.94% a year over 3 years. The Regular plan returned −0.41% in 1 year, +15.16% a year over 3 years. These figures are as on 30-10-2026.
What is the expense ratio of LIC MF Multi Cap Fund?
The Direct plan charges 0.79% a year. The Regular plan charges 2.15% 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 Cap Fund?
LIC MF Multi Cap Fund managed ₹2,187.21 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of LIC MF Multi Cap Fund?
At the end of September 2026 the largest holdings were GRWRHITECH (3.96%), ICICIBANK (3.33%), AVALON (3.05%), KOTAKBANK (2.86%), HDFCBANK (2.78%). The fund held 62 securities in all.
What did LIC MF Multi Cap Fund buy and sell in September 2026?
It bought 3 new stocks: Swiggy Ltd, Leela Palaces Hotels & Resorts Ltd, Hyundai Motor India Ltd. It sold out of 4: Max Financial Services Ltd, EIH Ltd, Maruti Suzuki India Ltd, Dee Development Engineers Ltd. It added shares in 7. It reduced 2.
How do I invest in LIC MF Multi Cap 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.
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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