LIC MF Multi Cap Fund vs Nippon India Multi Cap Fund
LIC MF Multi Cap Fund and Nippon India Multi Cap Fund are both Multi Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +18.44% vs +13.46%, 5-year CAGR — vs +15.41%, volatility 17.89% vs 15.69%, maximum drawdown −19.32% vs −42.75%. Their portfolios overlap by 21.7% (18 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 Cap | Nippon India Multi Cap | |
|---|---|---|
| Fund house | LIC Mutual Fund | Nippon India Mutual Fund |
| Compared as | Multi Cap | Multi Cap |
| NAV | ₹19.7036 | ₹327.0294 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Nov 2022 | 2 Jan 2013 |
| Track record | 4.0 yrs | 13.8 yrs |
| Fund size (AUM) | ₹2,187 Cr | ₹53,767 Cr |
| Securities held | 62 | 120 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| LIC MF Multi Cap | Nippon India Multi Cap | |
|---|---|---|
| 1 month | +2.48% | +1.98% |
| 3 months | −0.06% | −3.92% |
| 6 months | +6.60% | −2.46% |
| 1 year | +6.62% | −2.37% |
| 3 years (CAGR) | +18.44% | +13.46% |
| 5 years (CAGR) | — | +15.41% |
| 7 years (CAGR) | — | +18.22% |
| 10 years (CAGR) | — | +15.83% |
| Since launch (CAGR) | +18.37% | +15.41% |
| SIP return (XIRR, 5 years) ⓘ | — | +13.22% |
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 Cap | Nippon India Multi Cap | |
|---|---|---|
| 2026 (year to date) | +7.96% | −1.22% |
| 2025 | +2.79% | +4.88% |
| 2024 | +34.47% | +26.85% |
| 2023 | +32.98% | +39.15% |
| 2022 | — | +14.97% |
| 2021 | — | +49.87% |
Risk
| LIC MF Multi Cap | Nippon India Multi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 17.89% | 15.69% |
| Downside volatility ⓘ | 12.12% | 10.51% |
| Sharpe ratio ⓘ | 0.67 | 0.45 |
| Sortino ratio ⓘ | 0.99 | 0.67 |
| Maximum drawdown ⓘ | −19.32% | −42.75% |
| Recovery from that fall | 8 months | 10 months |
| Current fall from peak | −2.10% | −4.16% |
| Rolling 1-year return: worst | −3.43% | −38.93% |
| Rolling 1-year return: median | +14.28% | +13.25% |
| Rolling 1-year return: best | +55.16% | +93.65% |
| Share of 1-year periods with a loss | 4.72% | 18.51% |
Against each fund's benchmark
| LIC MF Multi Cap | Nippon India Multi Cap | |
|---|---|---|
| Beta ⓘ | 1.04 | 0.91 |
| Alpha (Jensen's, annualised) ⓘ | +4.84% | +0.60% |
| R² ⓘ | 91.53 | 92.81 |
| Upside capture | 121.82% | 94.53% |
| Downside capture | 106.93% | 89.95% |
| Tracking error | 5.32% | 4.50% |
| Information ratio | 1.02 | 0.05 |
| Treynor ratio | 10.16 | 5.88 |
Portfolio
Asset mix
| LIC MF Multi Cap | Nippon India Multi Cap | |
|---|---|---|
| Equity | 93.50% | 99.31% |
| Cash & equivalents | 6.48% | 0.69% |
Market-cap split (share of fund assets)
| LIC MF Multi Cap | Nippon India Multi Cap | |
|---|---|---|
| Large Cap | 37.71% | 43.50% |
| Mid Cap | 29.79% | 29.51% |
| Small Cap | 26.00% | 26.30% |
| Unclassified | 0.00% | 0.00% |
Concentration
| LIC MF Multi Cap | Nippon India Multi Cap | |
|---|---|---|
| Top 10 holdings | 27.16% | 28.44% |
| Effective number of stocks ⓘ | 59.6 | 58 |
| Securities held | 62 | 120 |
Portfolio overlap: 21.7%
18 companies are held by both funds; by weight, 21.7% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | LIC MF Multi Cap | Nippon India Multi Cap |
|---|---|---|
| ICICI Bank Limited | 3.33% | 2.97% |
| HDFC Bank Limited | 2.78% | 7.06% |
| Axis Bank Limited | 2.05% | 5.07% |
| Mahindra & Mahindra Limited | 1.34% | 1.35% |
| Samvardhana Motherson International Limited | 1.30% | 1.70% |
| State Bank of India | 1.33% | 1.23% |
| GE Vernova T&D India Limited | 1.18% | 1.58% |
| Tata Consultancy Services Limited | 1.28% | 0.99% |
| Swiggy Limited | 0.99% | 1.63% |
| Kennametal India Ltd. | 0.97% | 1.40% |
| Eternal Limited | 2.23% | 0.96% |
| LG Electronics India Ltd | 2.22% | 0.92% |
| Sun Pharmaceutical Industries Limited | 1.62% | 0.91% |
| Abbott India Limited | 1.57% | 0.74% |
| PB Fintech Limited | 1.34% | 0.69% |
Top 10 holdings
LIC MF Multi Cap
- Garware Hi-Tech Films Limited3.96%
- ICICI Bank Limited3.33%
- Avalon Technologies Limited3.05%
- Kotak Mahindra Bank Limited2.86%
- HDFC Bank Limited2.78%
- Lenskart Solutions Limited2.38%
- Eternal Limited2.23%
- LG Electronics India Ltd2.22%
- Hyundai Motor India Ltd.2.21%
- One 97 Communications Limited2.14%
Nippon India Multi Cap
- HDFC Bank Limited7.06%
- Axis Bank Limited5.07%
- Infosys Limited3.06%
- ICICI Bank Limited2.97%
- Linde India Limited1.79%
- NTPC Limited1.79%
- Larsen & Toubro Limited1.74%
- Samvardhana Motherson International Limited1.70%
- Swiggy Limited1.63%
- Avenue Supermarts Ltd.1.63%
Sector exposure
| LIC MF Multi Cap | Nippon India Multi Cap | |
|---|---|---|
| Banks | 13.78% | 17.60% |
| Retailing | 6.76% | 9.94% |
| Pharmaceuticals & Biotechnology | 4.15% | 7.94% |
| Electrical Equipment | 7.72% | 4.99% |
| Consumer Durables | 2.83% | 6.91% |
| Leisure Services | 0.51% | 5.75% |
| Industrial Products | 5.14% | 1.87% |
| Automobiles | 5.04% | 1.82% |
| Auto Components | 4.98% | 3.19% |
| IT - Software | 2.31% | 4.96% |
| Chemicals & Petrochemicals | 4.65% | 2.00% |
| Power | 0.00% | 4.29% |
| Insurance | 0.00% | 4.19% |
| Financial Technology (Fintech) | 3.48% | 0.69% |
Questions people ask
What is the difference between LIC MF Multi Cap and Nippon India Multi Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +6.62% vs −2.37%; 3-year CAGR +18.44% vs +13.46%; 5-year CAGR — vs +15.41%; 10-year CAGR — vs +15.83%. Past returns do not indicate future returns.
How do LIC MF Multi Cap and Nippon India Multi Cap compare on risk?
Volatility (36 monthly returns, annualised) 17.89% vs 15.69%; Sharpe ratio 0.67 vs 0.45; Sortino ratio 0.99 vs 0.67; maximum drawdown −19.32% vs −42.75%; beta 1.04 vs 0.91.
How much do LIC MF Multi Cap and Nippon India Multi Cap overlap?
By weight, 21.7% of the two portfolios is invested in the same companies; 18 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Axis Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of LIC MF Multi Cap and Nippon India Multi Cap?
LIC MF Multi Cap: large cap 37.7%, mid cap 29.8%, small cap 26.0%. Nippon India Multi Cap: large cap 43.5%, mid cap 29.5%, small cap 26.3% (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.
More comparisons
LIC MF Multi Cap vs
All Multi Cap comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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.