HDFC Equity Savings Fund vs LIC MF Equity Savings Fund
HDFC Equity Savings Fund and LIC MF Equity Savings Fund are both Equity Savings funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +9.15% vs +8.82%, 5-year CAGR +8.43% vs —, volatility 5.40% vs 7.32%, maximum drawdown −16.95% vs −7.47%. Their portfolios overlap by 20.7% (27 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| Fund house | HDFC Mutual Fund | LIC Mutual Fund |
| Compared as | Equity Savings | Equity Savings |
| NAV | ₹78.3320 | ₹32.7094 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 1 Jan 2013 | 31 Jul 2023 |
| Track record | 13.8 yrs | 3.3 yrs |
| Fund size (AUM) | ₹5,533 Cr | ₹39 Cr |
| Securities held | 130 | 60 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| 1 month | +3.67% | +1.37% |
| 3 months | +1.44% | +0.18% |
| 6 months | +3.80% | +1.67% |
| 1 year | +4.13% | +2.56% |
| 3 years (CAGR) | +9.15% | +8.82% |
| 5 years (CAGR) | +8.43% | — |
| 7 years (CAGR) | +10.13% | — |
| 10 years (CAGR) | +9.80% | — |
| Since launch (CAGR) | +9.96% | +8.45% |
| SIP return (XIRR, 5 years) ⓘ | +8.35% | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| 2026 (year to date) | +2.68% | +2.62% |
| 2025 | +7.84% | +8.46% |
| 2024 | +11.33% | +10.05% |
| 2023 | +14.83% | — |
| 2022 | +6.98% | — |
| 2021 | +17.74% | — |
Risk
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| Volatility (annualised) ⓘ | 5.40% | 7.32% |
| Downside volatility ⓘ | 3.88% | 4.86% |
| Sharpe ratio ⓘ | 0.49 | 0.32 |
| Sortino ratio ⓘ | 0.68 | 0.48 |
| Maximum drawdown ⓘ | −16.95% | −7.47% |
| Recovery from that fall | 7 months | 1 months |
| Current fall from peak | 0.00% | −0.65% |
| Rolling 1-year return: worst | −12.99% | −1.01% |
| Rolling 1-year return: median | +8.31% | +8.07% |
| Rolling 1-year return: best | +37.00% | +17.33% |
| Share of 1-year periods with a loss | 4.54% | 1.42% |
Against each fund's benchmark
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| Beta ⓘ | 0.35 | 0.43 |
| Alpha (Jensen's, annualised) ⓘ | +0.69% | +0.54% |
| R² ⓘ | 94.05 | 76.68 |
| Upside capture | 49.21% | 52.86% |
| Downside capture | 24.94% | 30.41% |
| Tracking error | 9.71% | 9.15% |
| Information ratio | -0.02 | -0.02 |
| Treynor ratio | 5.15 | 4.08 |
Portfolio
Asset mix
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| Equity | 65.59% | 66.33% |
| Debt | 26.48% | 0.00% |
| Cash & equivalents | 6.70% | 22.59% |
| REITs / InvITs | 1.23% | 0.00% |
| Unclassified | 0.00% | 11.06% |
Market-cap split (share of fund assets)
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| Large Cap | 58.44% | 40.09% |
| Mid Cap | 3.23% | 20.36% |
| Small Cap | 3.89% | 5.88% |
| Unclassified | 0.03% | 0.00% |
Concentration
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| Top 10 holdings | 34.48% | 26.81% |
| Effective number of stocks ⓘ | 52.7 | 54.5 |
| Securities held | 130 | 60 |
Portfolio overlap: 20.7%
27 companies are held by both funds; by weight, 20.7% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | HDFC Equity Savings | LIC MF Equity Savings |
|---|---|---|
| State Bank of India | 1.56% | 2.23% |
| Kotak Mahindra Bank Limited | 1.74% | 1.29% |
| Bharti Airtel Limited | 2.38% | 1.23% |
| HDFC Bank Limited | 6.96% | 1.19% |
| Titan Company Limited | 3.20% | 1.19% |
| Divi's Laboratories Limited | 1.03% | 1.68% |
| ICICI Bank Limited | 2.87% | 0.96% |
| Maruti Suzuki India Limited | 2.05% | 0.93% |
| Bajaj Finance Limited | 2.00% | 0.93% |
| Infosys Limited | 1.08% | 0.93% |
| Tata Consultancy Services Limited | 0.93% | 1.43% |
| Bajaj Auto Limited | 0.81% | 1.79% |
| Apollo Hospitals Enterprise Limited | 0.80% | 1.06% |
| Muthoot Finance Ltd. | 0.82% | 0.71% |
| Hero MotoCorp Limited | 0.70% | 1.22% |
Top 10 holdings
HDFC Equity Savings
- HDFC Bank Limited6.96%
- Reliance Industries Limited5.23%
- NTPC Limited3.55%
- Titan Company Limited3.20%
- Larsen & Toubro Limited2.97%
- Sun Pharmaceutical Industries Limited2.89%
- ICICI Bank Limited2.87%
- 7.18% Government of India (14/08/2033)2.38%
- Bharti Airtel Limited2.38%
- Maruti Suzuki India Limited2.05%
LIC MF Equity Savings
- LIC MF LIQUID FUND-DR PLN-GR9.73%
- Cipla Limited2.66%
- State Bank of India2.23%
- Eternal Limited2.01%
- Bajaj Auto Limited1.79%
- APL Apollo Tubes Limited1.78%
- Bank of Baroda1.74%
- Divi's Laboratories Limited1.68%
- Solar Industries India Limited1.60%
- Ashok Leyland Limited1.59%
Sector exposure
| HDFC Equity Savings | LIC MF Equity Savings | |
|---|---|---|
| Banks | 14.76% | 9.45% |
| Unclassified | 0.00% | 11.06% |
| Pharmaceuticals & Biotechnology | 5.21% | 7.40% |
| Automobiles | 6.53% | 4.86% |
| Sovereign | 6.31% | 0.00% |
| Retailing | 0.86% | 5.71% |
| Petroleum Products | 5.48% | 0.00% |
| Power | 5.08% | 0.00% |
| CRISIL AAA | 4.95% | 0.00% |
| CRISIL - AAA | 4.58% | 0.00% |
| IT - Software | 3.20% | 4.45% |
| Consumer Durables | 3.32% | 4.21% |
| Auto Components | 0.58% | 3.68% |
| Finance | 3.61% | 2.13% |
Questions people ask
What is the difference between HDFC Equity Savings and LIC MF Equity Savings returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +4.13% vs +2.56%; 3-year CAGR +9.15% vs +8.82%; 5-year CAGR +8.43% vs —; 10-year CAGR +9.80% vs —. Past returns do not indicate future returns.
How do HDFC Equity Savings and LIC MF Equity Savings compare on risk?
Volatility (36 monthly returns, annualised) 5.40% vs 7.32%; Sharpe ratio 0.49 vs 0.32; Sortino ratio 0.68 vs 0.48; maximum drawdown −16.95% vs −7.47%; beta 0.35 vs 0.43.
How much do HDFC Equity Savings and LIC MF Equity Savings overlap?
By weight, 20.7% of the two portfolios is invested in the same companies; 27 stocks are held by both, the largest shared positions being State Bank of India, Kotak Mahindra Bank Limited, Bharti Airtel Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of HDFC Equity Savings and LIC MF Equity Savings?
HDFC Equity Savings: large cap 58.4%, mid cap 3.2%, small cap 3.9%. LIC MF Equity Savings: large cap 40.1%, mid cap 20.4%, small cap 5.9% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.