April 2, 2026
RA Jainee
LIC MF Multi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 15.86 |
| NAV Bonus (Rs.) | — |
| NAV IDCWÂ (Rs.) | 15.86 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 200 |
| Min. No of Cheques | 30 |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| AUM Rs. | 1,829 Cr |
| Â | (As on 28-Feb-2026) |
| Expense | 0.85% |
| 1 Year Return (%) | -0.50 |
| 3 Year Return (%) | 17.99 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 33.00% |
⚖️ Sahifund Review – LIC MF Multi Cap Fund ✔Â
âś“ PLUS: LIC MF Multi Cap Fund has built a fairly balanced profile for investors seeking true multi-cap diversification, with meaningful exposure across large, mid and small caps. The fund has shown healthy 3-year return consistency, outperforming both its benchmark and category average over that period, while also maintaining a well-diversified portfolio of 81 stocks. Its Top 10 concentration is low at just 22.28%, which is a big plus for risk spreading, and the fund remains suitable for long-term SIP investors wanting broad market participation.
⚖️ MINUS: The fund’s 1-year return of -0.50% is only average, and while not poor, it still lacks the sharper alpha seen in stronger peers like Kotak or Nippon in the category. The expense ratio of 0.85% is reasonable but not among the cheapest, and the fund’s track record is still relatively short for a category where long-term execution matters a lot. Also, with nearly 30% small-cap exposure, investors must be prepared for higher volatility during market corrections.
Sahifund View:
A well-diversified and sensible SIP option, though investors chasing top-tier category leadership may still find stronger alternatives.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.Â
Suitable For Which Investors?Â
Multi-cap funds are suitable for investors:Â
1. Seeking exposure in a diversified set of stocks for high returnsÂ
2. Aiming for long-term wealth creationÂ
3. With a 5+ year investment horizonÂ
4. Who are at ease with the market’s ups and downsÂ
Note:Â
• Invest only through SIPÂ
Fund’s Investment Strategy:Â
The scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity & equity related instruments across large cap, mid cap and small cap stocks.Â
Fund Manager:Â
1) Â Dikshit MittalÂ
Education:Mr. Mittal is a MBA (Finance) – ICFAI Busines School, Hyderabad. B-Tech (Chemical) – Punjab Technical University.Â
Experience:Prior to joining LIC Mutual Fund Asset Management Ltd., he has worked with Subhkam Ventures Pvt. Limited. SBI Capital Securities and Alchemy Shares and Stock Brokers.Â
2) Yogesh PatilÂ
Education: Mr. Patil is an MBA (Finance).Â
Experience: Prior to joining LIC Mutual Fund, he has worked with Canara Robeco Mutual Fund, Sahara Mutual Fund and Religare Enterprise Limited.Â
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 200 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 30 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 12% of the investment, 1% will be charged for redemption within 365 days |
Basic Details of LIC MF Multi Cap Fund
| Fund House | LIC Mutual Fund |
| Launch Date | 31-Oct-22 |
| Return Since Launch | 14.46% |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 1,829 Cr |
| Â | (As on 28-Feb-2026) |
| Expense | 0.85% |
| Â | (As on 28-Feb-2026) |
| Risk Grade | Above Average |
| Return Grade | Above Average |
| Turnover | 33.00% |
LIC MF Multi Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| LIC MF Multi Cap Dir | -13.07 | 0.00 | -11.50 | -13.07 | -9.91 | -0.50 | 17.99 | — | — | — |
| VR Multicap TRI | -14.16 | -2.39 | -10.95 | -14.16 | -10.87 | -3.25 | 14.99 | — | — | — |
| Equity: Multi Cap | -12.50 | 0.00 | -10.28 | -12.50 | -9.53 | -1.48 | 16.78 | — | — | — |
| Rank within category | 23 | 34 | 34 | 23 | 20 | 14 | 8 | — | — | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 34 | 18 | 7 | 0 | 0 |
Peer Comparison of LIC MF Multi Cap Fund
| Â | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| LIC MF Multi Cap Dir | 4 star | -0.50 | 17.99 | — | 0.85 | 1,829 | 14.46 | 1.00 (365) | 3Y 5M | 33.00 |
| Nippon India Multi Cap Dir | 5 star | -0.63 | 18.58 | 19.59 | 0.73 | 50,820 | 15.19 | 1.00 (365) | 13Y 3M | 26.00 |
| Kotak Multicap Dir | 5 star | 3.44 | 21.56 | — | 0.45 | 23,886 | 14.82 | 1.00 (365) | 4Y 6M | 50.35 |
| HDFC Multi Cap Dir | 4 star | -2.76 | 16.55 | — | 0.80 | 19,528 | 13.72 | 1.00 (365) | 4Y 3M | 35.32 |
| ICICI Pru Multicap Dir | 4 star | -1.85 | 17.23 | 15.82 | 0.96 | 16,315 | 15.14 | 1.00 (365) | 13Y 3M | 94.00 |
LIC MF Multi Cap Fund Portfolio
| No. of Stocks | 81 |
| Top 10 Stocks | 22.28% |
| Top 5 Stocks | 13.40% |
| Top 3 Sectors | 56.00% |
| Portfolio P/B Ratio | 4.01 |
| Portfolio P/E Ratio | 26.31 |
Portfolio Breakup
| Â | Fund | Category |
| Average Mkt Cap (Rs Cr) | 74,472 | 92,813 |
| Giant (%) | — | — |
| Large (%) | 41.61 | 42.29 |
| Mid (%) | 28.22 | 28.30 |
| Small (%) | 30.17 | 29.41 |
| Tiny (%) | — | — |
Apply Online: https://online.licmf.com or https://www.licmf.com/fund-overview/All
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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