LIC MF Multi Asset Allocation Fund
Multi Asset Allocation · LIC Mutual Fund Asset Management Limited
Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹88,590. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.LIC MF Multi Asset Allocation Fund is a Multi Asset Allocation fund from LIC Mutual Fund Asset Management Limited. It has a track record of about 1.6 years. As of the latest data it carries an RS rating of 57/99 (its recent momentum versus category peers). The current NAV is ₹12.33 (as of 2026-09-16).
Growth of ₹100 - last 2 years
LIC MF Multi Asset Allocation Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -2.45% | -2.41% |
| 3 months | 0.22% | 0.27% |
| 6 months | 4.97% | 3.31% |
| 1 year | 6.27% | 9.14% |
Its trailing one-year return is 6.27%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | LIC MF Multi Asset All | Benchmark |
|---|---|---|
| 2026 | -0.8% | n/a |
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -11.41% | -13.03% |
| Worst drawdown (3Y) | -11.41% | -9.53% |
| Volatility (1Y) | 14.7% | 12.1% |
| Sharpe (3Y) | 0.6 | 0.74 |
| Bull-market return | 31.2% | 28.84% |
| Bear-market return | 4.1% | -11.07% |
The worst peak-to-bottom fall LIC MF Multi Asset Allocation Fund has ever put investors through is -11.41% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about 4.1% annualised, versus 31.2% in rising markets.
How LIC MF Multi Asset Allocation Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), LIC MF Multi Asset Allocation Fund has historically returned about 4.1% annualised, versus roughly 31.2% when the market is rising. Its deepest fall on record is -11.41%. Right now it sits about 2.92% below its all-time high (last hit 2026-08-12). The real question isn't the average year - it's whether you could hold on through the worst one.
How LIC MF Multi Asset Allocation Fund ranks in its category
Percentile versus its ~128 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
Rolling-return data isn't available for this fund yet.
What LIC MF Multi Asset Allocation Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 24.1% of the portfolio, across 47 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
LIC MF Multi Asset Allocation Fund shares Aditya Birla Sun Life Multi Asset Allocation Fund (2%), Nippon India Multi Asset Allocation Fund (1%), WhiteOak Capital Multi Asset Allocation Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages LIC MF Multi Asset Allocation Fund - and how good are they?
LIC MF Multi Asset Allocation Fund is managed by Sumit Bhatnagar and Pratik Shroff. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Sumit Bhatnagar's full record
Sumit Bhatnagar currently runs 8 funds, across Aggressive Hybrid Fund, Conservative Hybrid Fund, ELSS, FoF Domestic and more, with about ₹6,220 Cr under management. The book's average King Score is 65.8/100. Their strongest fund by King Score is LIC MF Gold ETF Fund of Fund (78/100); LIC MF Multi Asset Allocation Fund ranks #7 of 8 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | LIC MF Gold ETF Fund of Fund | 74 | 78 | 0.1% | -2.6% | 35.7% | 35.5% | n/a | n/a | 1.23 | n/a | -17.1% |
| 2 | LIC MF Infrastructure Fund | 60 | 78 | -1.5% | 12.5% | 7.9% | 22.5% | 20.9% | 17.3% | 0.76 | 15.3% | -39.6% |
| 3 | LIC MF Conservative Hybrid Fund | 84 | 77 | 0.8% | 1.7% | 3.7% | 6.3% | 5.5% | 6.6% | -0.04 | 7.2% | -7.9% |
| 4 | LIC MF Aggressive Hybrid Fund | 79 | 68 | 1.7% | 7.3% | 1.2% | 10.2% | 8.3% | 9.8% | 0.31 | 10.8% | -28.2% |
| 5 | LIC MF ELSS Tax Saver | 38 | 49 | 0.6% | 5.1% | -5.0% | 8.7% | 8.6% | 11.9% | 0.17 | 15.0% | -35.7% |
| 6 | LIC MF Large Cap Fund | 46 | 45 | -0.7% | 1.8% | -6.4% | 6.8% | 5.9% | 10.3% | 0.02 | 12.9% | -33.1% |
| 7 | LIC MF Multi Asset Allocation Fund (this page) | 57 | n/a | 0.2% | 5.0% | 6.3% | n/a | n/a | n/a | 0.6 | n/a | -11.4% |
| 8 | LIC MF Consumption Fund | n/a | n/a | -0.3% | 7.5% | n/a | n/a | n/a | n/a | n/a | n/a | -14.8% |
Pratik Shroff's full record
Pratik Shroff currently runs 8 funds, across Aggressive Hybrid Fund, Banking and PSU Fund, Children s Fund, Conservative Hybrid Fund and more, with about ₹3,393 Cr under management. The book's average King Score is 73.6/100. Their strongest fund by King Score is LIC MF Banking & PSU Fund (89/100); LIC MF Multi Asset Allocation Fund ranks #8 of 8 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | LIC MF Banking & PSU Fund | 88 | 89 | 1.4% | 3.0% | 5.5% | 7.3% | 6.3% | 7.0% | 0.68 | 7.8% | -2.8% |
| 2 | LIC MF Short Duration Fund | 89 | 83 | 1.2% | 3.0% | 5.8% | 7.5% | 6.3% | n/a | 0.91 | 5.8% | -2.3% |
| 3 | LIC MF Ultra Short Duration Fund | 97 | 79 | 1.9% | 3.7% | 6.8% | 7.2% | 6.3% | n/a | 1.42 | 5.7% | -1.3% |
| 4 | LIC MF Conservative Hybrid Fund | 84 | 77 | 0.8% | 1.7% | 3.7% | 6.3% | 5.5% | 6.6% | -0.04 | 7.2% | -7.9% |
| 5 | LIC MF Aggressive Hybrid Fund | 79 | 68 | 1.7% | 7.3% | 1.2% | 10.2% | 8.3% | 9.8% | 0.31 | 10.8% | -28.2% |
| 6 | LIC MF Gilt Fund | 75 | 63 | 1.6% | 2.4% | 2.8% | 5.5% | 4.9% | 6.5% | -0.27 | 7.4% | -7.4% |
| 7 | LIC MF Children's Fund | 94 | 56 | 3.1% | 13.7% | 4.4% | 8.3% | 7.6% | 8.6% | 0.13 | 11.2% | -31.2% |
| 8 | LIC MF Multi Asset Allocation Fund (this page) | 57 | n/a | 0.2% | 5.0% | 6.3% | n/a | n/a | n/a | 0.6 | n/a | -11.4% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.58% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹963 Cr |
| Age | 1.6 years |
| Plan / Option | Direct · Growth |
How LIC MF Multi Asset Allocation Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Multi Asset Allocation Fund | 97 | 86 | 16.5% |
| Nippon India Multi Asset Allocation Fund | 87 | 81 | 18.3% |
| Aditya Birla Sun Life Multi Asset Allocation Fund | 79 | 73 | 15.4% |
| quant Multi Asset Allocation Fund | 89 | 70 | 21.4% |
| SBI Multi Asset Allocation Fund | 64 | 65 | 14.5% |
| Baroda BNP Paribas Multi Asset Fund | 43 | 61 | 13.8% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
LIC MF Multi Asset Allocation Fund review: the bottom line
Related
Frequently asked questions
Is LIC MF Multi Asset Allocation Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, LIC MF Multi Asset Allocation Fund scores RS 57/99 within its category, and its worst drawdown was -11.41%. Compare those against your needs and the peer table above.
What is the NAV of LIC MF Multi Asset Allocation Fund today?
The latest NAV is ₹12.33 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of LIC MF Multi Asset Allocation Fund?
The Direct-plan expense ratio is 0.58% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of LIC MF Multi Asset Allocation Fund?
LIC MF Multi Asset Allocation Fund is managed by Sumit Bhatnagar; Pratik Shroff.
Is LIC MF Multi Asset Allocation Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -11.41% - ₹1 lakh briefly becoming about ₹88,590. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is LIC MF Multi Asset Allocation Fund tax-efficient / what about capital gains?
As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See LIC MF Multi Asset Allocation Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.