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Multi Asset Allocation · Hybrid

LIC MF Multi Asset Allocation Fund

LIC Mutual Fund Asset Management Limited
Benchmark
Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10%
Riskometer
Very High
Size
₹959 cr
Allotted
14 Feb 2025
Holdings as of
30 Sep 2026

LIC MF Multi Asset Allocation Fund is a multi asset allocation fund of LIC Mutual Fund Asset Management Limited with ₹959 cr under management. It is ahead of its benchmark (Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10%) in 1 of 1 periods. Its direct plan charges 1.07% a year. Sumit Bhatnagar has managed it for 1.7 years.

Has LIC MF Multi Asset Allocation Fund beaten its benchmark?

Ahead of its benchmark, Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10%, in 1 of 1 periods in AMFI's figures; +0.78% over the last year against −0.46%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−3.42% −3.60% —
3 months−0.90% −5.03% —
6 months+0.13% −1.83% —
1 year−0.02% −4.06% +4.04 pts
3 years— +9.27% —
5 years— +8.00% —
10 years— +12.69% —
Since start
from 18 Feb 2025
+12.16%——
Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10%) in 1 of 1 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +0.78%−0.58%−0.46% +1.24 🔒
3y ——— — —
5y ——— — —
10y ——— — —
Ahead in points a year · its rank among Multi Asset Allocation funds, and how steady the lead is, in the app

Value of 100, month-end

Feb 2025 to 14 Oct 2026
100150
Fund 124Nifty 500 TRI 113

₹100 put in at the start of Feb 2025 would be ₹124 on 14 Oct 2026, against ₹113 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does LIC MF Multi Asset Allocation Fund cost?

1.07% a year on the direct plan, 2.38% on the regular plan; 15 of 19 funds in its category charge less.

Direct plan
1.07% a year
Category median 0.79%
Regular plan
2.38% a year
Category median 2.10%
Gap
1.31 points
for the same holdings
15 of 19 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Hybrid Scheme - Multi Asset Allocation

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages LIC MF Multi Asset Allocation Fund?

Sumit Bhatnagar, since 14 Feb 2025; Pratik Shroff, since 14 Feb 2025.

Sumit Bhatnagar
1.7 years
since 14 Feb 2025
Pratik Shroff
1.7 years
since 14 Feb 2025
Benchmark as filed65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold
Exit load
1. If units of the Scheme are redeemed / switched-out within 3 months from the date of allotment: a. Upto 12% of the units: No exit load will be levied b. Above 12% of the units: exit load of 1% of applicable NAV will be levied 2. If units of the Scheme are redeemed / switched-out after 3 months from the date of allotment: No exit load will be levied.
From 3 Scheme Summary Documents filed with NSE, first on 11 Apr 2026; as on 31 Aug 2026

What does LIC MF Multi Asset Allocation Fund hold?

59 holdings as of 30 Sep 2026; the ten largest are 40.1% of the fund, the largest ICICI Bank Ltd. at 3.6%.

Mix

Holdings as of 30 Sep 2026
Equity79.4%Debt0.0%Cash1.9%Other18.7%
Holdings
59
55 shares
Top ten
40.1%
of the fund
Effective holdings
45.2
spread, as if equal-weighted
Matched to our table
85%
of the equity

Five largest

% of fund
ICICI Bank Ltd.3.57%
SML Mahindra Ltd.3.10%
Multi Commodity Exchange Of India Ltd.2.81%
INDO-MIM Ltd.2.62%
7.83% Tata Capital Housing Finance Ltd. **2.57%

Five largest industries

% of fund
Banks13.6%
CRISIL AAA10.4%
Pharmaceuticals & Biotechnology7.40%
Capital Markets5.90%
Agricultural, Commercial & Construction Vehicles5.20%

By company size

% of equity · SEBI size lists
Large Cap41.8%Mid Cap27.3%Small Cap30.9%

How does LIC MF Multi Asset Allocation Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is LIC MF Multi Asset Allocation Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

not an index tracker
Nearest to the Nifty 50: 74% of it differs from the index (an active fund is usually above 60%).
Active share 74.4%60%

Funds that hold much the same

% of holdings in common
LIC MF ELSS Tax Saver Fund ( Erstwhile LIC MF ELSS Tax Saver )38.4% the same
21 shared holdings
LIC MF LARGE CAP FUND34.7% the same
18 shared holdings
LIC MF BALANCED ADVANTAGE FUND34.1% the same
21 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages LIC MF Multi Asset Allocation Fund?

Sumit Bhatnagar (manager) since 14 Feb 2025; Pratik Shroff (manager) since 14 Feb 2025.

What is the expense ratio of LIC MF Multi Asset Allocation Fund?

1.07% a year on the direct plan and 2.38% on the regular plan (expense report, Oct 2026).

Inside the app

See LIC MF Multi Asset Allocation Fund beside your own funds in Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

LIC MF Multi Asset Allocation Fund in the app: beside your own funds, with what you own through them

See the full analysis in the app →See pricing
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