LIC MF Multi Asset Allocation Fund vs Tata Multi Asset Allocation Fund
LIC MF Multi Asset Allocation Fund and Tata Multi Asset Allocation Fund are both Multi Asset Allocation funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +12.73%, 5-year CAGR — vs +11.52%, volatility 13.73% vs 9.88%, maximum drawdown −13.51% vs −13.53%. Their portfolios overlap by 13.6% (13 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
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| Fund house | LIC Mutual Fund | Tata Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹12.2676 | ₹27.4710 |
| NAV date | 5 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 18 Feb 2025 | 12 Mar 2020 |
| Track record | 1.7 yrs | 6.6 yrs |
| Fund size (AUM) | ₹966 Cr | ₹4,503 Cr |
| Securities held | 57 | 101 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| 1 month | −0.13% | +1.21% |
| 3 months | −2.65% | −3.94% |
| 6 months | −0.58% | −1.56% |
| 1 year | +0.95% | +1.16% |
| 3 years (CAGR) | — | +12.73% |
| 5 years (CAGR) | — | +11.52% |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +12.68% | +17.23% |
| SIP return (XIRR, 5 years) ⓘ | — | +11.03% |
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
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | −1.29% | −2.53% |
| 2025 | — | +16.53% |
| 2024 | — | +16.25% |
| 2023 | — | +20.21% |
| 2022 | — | +8.86% |
| 2021 | — | +24.63% |
Risk
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | 13.73% | 9.88% |
| Downside volatility ⓘ | 9.50% | 6.86% |
| Sharpe ratio ⓘ | 0.45 | 0.63 |
| Sortino ratio ⓘ | 0.65 | 0.91 |
| Maximum drawdown ⓘ | −13.51% | −13.53% |
| Recovery from that fall | 5 months | 1 months |
| Current fall from peak | −3.94% | −4.41% |
| Rolling 1-year return: worst | −4.73% | −3.06% |
| Rolling 1-year return: median | +10.32% | +14.92% |
| Rolling 1-year return: best | +26.93% | +60.79% |
| Share of 1-year periods with a loss | 8.47% | 0.86% |
Against each fund's benchmark
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | 0.81 | 0.64 |
| Alpha (Jensen's, annualised) ⓘ | +6.72% | +3.77% |
| R² ⓘ | 80.76 | 91.09 |
| Upside capture | 89.12% | 77.69% |
| Downside capture | 43.36% | 45.01% |
| Tracking error | 6.74% | 6.08% |
| Information ratio | 1.15 | 0.61 |
| Treynor ratio | 6.34 | 8.82 |
Portfolio
Asset mix
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| Equity | 67.69% | 65.49% |
| Unclassified | 18.73% | 0.00% |
| Debt | 11.70% | 10.68% |
| Cash & equivalents | 1.88% | -2.52% |
| REITs / InvITs | 0.00% | 1.02% |
Market-cap split (share of fund assets)
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| Large Cap | 28.32% | 35.37% |
| Mid Cap | 15.83% | 5.92% |
| Small Cap | 20.92% | 15.17% |
| Unclassified | 2.62% | 9.03% |
Concentration
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 40.15% | 26.51% |
| Effective number of stocks ⓘ | 26.5 | 74.4 |
| Securities held | 57 | 101 |
Portfolio overlap: 13.6%
13 companies are held by both funds; by weight, 13.6% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | LIC MF Multi Asset Allocation | Tata Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 3.57% | 3.15% |
| Axis Bank Limited | 2.45% | 1.73% |
| State Bank of India | 1.82% | 1.55% |
| Larsen & Toubro Limited | 2.01% | 1.30% |
| 6.94% Government of India (11/05/2036) | 1.05% | 0.98% |
| Mahindra & Mahindra Limited | 2.00% | 0.93% |
| UltraTech Cement Limited | 1.26% | 0.88% |
| Bank of Baroda | 1.40% | 0.73% |
| Apollo Hospitals Enterprise Limited | 1.00% | 0.73% |
| Sun Pharmaceutical Industries Limited | 1.76% | 0.72% |
| 6.79% Government of India (07/10/2034) | 1.05% | 0.59% |
| 7.1% Government of India (08/04/2034) | 0.27% | 1.00% |
| Bharti Airtel Limited | 2.11% | 0.00% |
Top 10 holdings
LIC MF Multi Asset Allocation
- LIC Mutual Fund14.94%
- Aditya Birla Sun Life Silver ETF3.79%
- ICICI Bank Limited3.57%
- SML Mahindra Ltd.3.10%
- Multi Commodity Exchange of India Limited2.81%
- INDO-MIM Ltd.2.62%
- 7.83% Tata Capital Housing Finance Ltd.2.57%
- Axis Bank Limited2.45%
- Jindal Stainless Ltd.2.19%
- Bharti Airtel Limited2.11%
Tata Multi Asset Allocation
- TATA GOLD EXCHANGE TRADED FUND6.04%
- Reliance Industries Limited3.81%
- HDFC Bank Limited3.58%
- ICICI Bank Limited3.15%
- TATA SILVER EXCHANGE TRADED FUND2.26%
- Axis Bank Limited1.73%
- State Bank of India1.55%
- Dr Agarwals Health Care Limited1.53%
- The Federal Bank Limited1.47%
- Niva Bupa Health Insurance Company Limited1.39%
Sector exposure
| LIC MF Multi Asset Allocation | Tata Multi Asset Allocation | |
|---|---|---|
| Unclassified | 18.73% | 0.00% |
| Banks | 10.76% | 13.26% |
| CAPITAL MARKETS | 0.00% | 8.30% |
| CRISIL AAA | 8.26% | 0.00% |
| Pharmaceuticals & Biotechnology | 5.86% | 1.55% |
| Capital Markets | 4.72% | 0.00% |
| Sovereign | 3.44% | 4.51% |
| Petroleum Products | 0.00% | 4.37% |
| Agricultural, Commercial & Construction Vehicles | 4.13% | 0.00% |
| Healthcare Services | 3.78% | 3.89% |
| Power | 0.00% | 3.87% |
| Insurance | 0.00% | 3.28% |
| Industrial Products | 3.12% | 1.66% |
| Automobiles | 2.00% | 3.02% |
Questions people ask
What is the difference between LIC MF Multi Asset Allocation and Tata Multi Asset Allocation returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +0.95% vs +1.16%; 3-year CAGR — vs +12.73%; 5-year CAGR — vs +11.52%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do LIC MF Multi Asset Allocation and Tata Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) 13.73% vs 9.88%; Sharpe ratio 0.45 vs 0.63; Sortino ratio 0.65 vs 0.91; maximum drawdown −13.51% vs −13.53%; beta 0.81 vs 0.64.
How much do LIC MF Multi Asset Allocation and Tata Multi Asset Allocation overlap?
By weight, 13.6% of the two portfolios is invested in the same companies; 13 stocks are held by both, the largest shared positions being ICICI Bank Limited, Axis Bank Limited, State Bank of India. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of LIC MF Multi Asset Allocation and Tata Multi Asset Allocation?
LIC MF Multi Asset Allocation: large cap 28.3%, mid cap 15.8%, small cap 20.9%. Tata Multi Asset Allocation: large cap 35.4%, mid cap 5.9%, small cap 15.2% (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 5 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.