The LIC MF Multicap Fund is an open-ended equity scheme that invests across large-cap, mid-cap, and small-cap stocks, aiming to provide investors with long-term capital appreciation. Managed by LIC Mutual Fund, this fund offers a diversified investment approach, catering to investors seeking exposure to various market capitalizations within the Indian stock market.
What is LIC MF Multicap Fund?
Launched on October 31, 2022, the LIC MF Multicap Fund is designed to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments across large-cap, mid-cap, and small-cap stocks. The fund adheres to the SEBI mandate, ensuring a minimum allocation of 25% each in large-cap, mid-cap, and small-cap stocks, providing a balanced exposure to companies of varying sizes.
Key Features Of LIC Mutual Fund Multicap Fund
| Feature | Details |
|---|---|
| Fund Category | Equity: Multicap |
| Fund Type | Open-ended |
| Investment Philosophy | Diversified investments across large-cap, mid-cap, and small-cap stocks to achieve long-term capital appreciation. |
| Asset Class | Equity and equity-related instruments |
| Scheme Type – Market Cap | Multicap |
| Launch Date | October 31, 2022 |
| Benchmark | Nifty 500 Multicap 50:25:25 Total Return Index |
| Return Since Inception | 21.64 % |
| Negative Coverage | No significant controversies or negative news reported about the fund or AMC as of now. |
| Regulatory Actions | No SEBI actions against the AMC or the fund have been reported. |
| Total AUM (in Crore) as of Dec 31, 2024 | ₹1,389.6 Crore (AUM as on 31-Jan-25) |
| NAV (Net Asset Value) as of Feb 11, 2025 | ₹15.23 (NAV as on 11-Feb-25) |
| Fund Manager | Mr. Yogesh Patil (Equity): 22+ years of experience. Mr. Dhishit Mittal (Equity): 18+ years of experience. |
| Expense Ratio | 2.05% (Regular Plan) |
| Exit Load | 1% if redeemed within 12 months; no exit load beyond 12 months. |
| Lock-In-Period | 0 |
| Turnover Ratio | 0.40 or 40 % |
| Riskometer | Very High |
| Minimum Investment (Lump sum) | ₹5000 (multiples of ₹1 thereafter) |
Rating
As of the latest available information, the LIC MF Multicap Fund has not been assigned a specific rating by major rating agencies. Investors are advised to monitor updates from reputable financial platforms for the most current ratings.
Fund Manager
Yogesh Patil
- Total Experience: Yogesh Patil has extensive experience in equity and related investments, focusing on identifying quality companies and holding them for extended periods to achieve compounding returns.
- Total Number of Funds Managed Simultaneously: Specific data on the total number of funds managed by Yogesh Patil is not available in the provided sources.
- Tenure Managing LIC MF Multicap Fund: Since the fund’s inception on October 31, 2022.
- Track Record During Tenure: Under his management, the fund has delivered a return of 21.64% since inception (as of February 11, 2025).
Historical Returns
As the LIC MF Multicap Fund was launched on October 31, 2022, a 10-year historical return analysis is not feasible. However, since its inception, the fund has delivered a return of 21.64% as of February 11, 2025.
Performance Overview
The LIC MF Multicap Fund has demonstrated commendable performance since its inception. As of February 11, 2025, the fund has achieved a return of 21.64%, outperforming its benchmark, the Nifty 500 Multicap 50:25:25 Total Return Index. This performance reflects the fund’s effective investment strategy and diversified approach across various market capitalizations.
Value of ₹100,000 Invested – Lump Sum
Investing ₹100,000 in the LIC MF Multicap Fund at its inception on October 31, 2022, would have grown to approximately ₹1,79,982 by February 11, 2025, reflecting a return of 21.64%.
LIC MF Multicap Fund NAV Today
As of February 11, 2025, the Net Asset Value (NAV) of the LIC MF Multicap Fund is ₹15.23
Top 10 Holdings in LIC Multicap Mutual Fund
Portfolio Holdings (Top Companies & % NAV):
| Security Name | Weight % |
|---|---|
| Shakti Pumps (India) Ltd. | 3.84 |
| HDFC Bank Ltd. | 3.47 |
| Garware Hi-Tech Films Ltd. | 2.98 |
| Tri-Party Repo (TREPS) | 2.73 |
| ICICI Bank Ltd. | 2.72 |
| Tata Consultancy Services Ltd. | 2.26 |
| Grasim Industries Ltd. | 2.18 |
| Power Finance Corporation Ltd. | 2.04 |
| LTIMindtree Ltd. | 1.99 |
| Kotak Mahindra Bank Ltd. | 1.79 |
Sector Allocation (% of NAV):
- Finance: 17.9%
- Capital Goods: 15.72%
- Automobiles and ancillaries: 12.62%
- FMCG: 8.4%
- Technology: 6.76%
- Chemicals: 6.31%
- Energy: 4.17%
- Media & Communications: 3.21%
- Consumer Durables: 3.27%
- Diversified: 3.11%
- Other sectors: Various allocations.
Portfolio Market Cap (as on 31-Jan-25)
| Fund | Category Avg. | |
| Avg. Mkt. Cap (cr.) | 47,626.57 | 1,08,475.60 |
| Large (%) | 29.86 | 45.26 |
| Mid (%) | 29.29 | 23.39 |
| Small (%) | 37.7 | 22.79 |
Risk Measures:
- Standard Deviation: 16.84%
- Portfolio Beta: 0.92
- Sharpe Ratio: 0.76
- Sortino: 1.10
- Alpha: 9.02
- Risk-Free Rate: 6.61% (MIBOR as of October 31, 2024)*
Peer Comparison
| Fund | Rating | AUM (in cr) | Expense (%) |
|---|---|---|---|
| LIC MF Multi Cap Fund-Reg(G) | Unrated | 1,389.63 | 2.05 |
| Quant Active Fund(G) | 5 Star | 9,863.14 | 1.88 |
| HDFC Focused 30 Fund(G) | 2 Star | 15,687.54 | 1.67 |
| Mahindra Manulife Multi Cap Fund-Reg(G) | 5 Star | 4,750.15 | 1.82 |
| Nippon India Multi Cap Fund(G) | 3 Star | 37,593.67 | 1.57 |
Return % Yearwise
| 1 Year | 3 Year | 5 Year |
|---|---|---|
| 16.37 | – | – |
| -3.60 | 11.55 | 25.22 |
| 18.50 | 21.79 | 22.11 |
| 4.85 | 15.05 | 21.22 |
| 11.58 | 21.26 | 21.17 |
Key Contacts
- Fund House – AMC: LIC Mutual Fund Asset Management Limited
- Phone: 022-66016000
- Email: service@licnomuramf.com
- Website: http://www.licmf.com/
LIC MF Multicap Fund review
Strengths
1. Diversified investment across large-cap, mid-cap, and small-cap stocks.
2. Managed by an experienced fund manager.
3. Strong performance since inception.
Weaknesses
| 1. Limited historical performance data due to recent inception |
| 2. Higher expense ratio compared to some peers |
3. Lack of comprehensive risk metrics.
Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. The past performance of a fund does not guarantee future returns. Investors are advised to assess their financial goals, risk appetite, and consult a qualified financial advisor before making any investment decisions.
This blog is for informational purposes only and should not be considered as financial or investment advice. The data and insights shared in this article are sourced from publicly available information, including RupeeVest. While we strive to ensure accuracy, we do not take responsibility for any discrepancies or changes in fund details over time.
Invest wisely and stay informed before making any financial commitments.