COMPARE
DSP Multi Cap Fund - Direct - Growth vs LIC MF Multi Cap Fund-Direct Plan-Growth
DSP Multi Cap Fund and LIC MF Multi Cap Fund- are both in the Multi Cap Fund category, from DSP Asset Managers Private Limited and LIC Mutual Fund Asset Management Limited respectively. DSP Multi Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
DSP Multi Cap Fund has the lower direct-plan expense ratio, by 0.08 percentage points.
| DSP Multi Cap Fund - Direct - Growth | LIC MF Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | DSP Asset Managers Private Limited | LIC Mutual Fund Asset Management Limited |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹11.962 (2026-10-28) | ₹18.6482 (2026-10-28) |
| AUM | ₹2,797.408 Cr | ₹2,148.96 Cr |
| Expense Ratio (Direct) | 0.7% | 0.78% |
| Inception | 2024-01-08 | 2022-10-06 |
Returns
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
| DSP Multi Cap Fund - Direct - Growth | LIC MF Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | N/A | 0.49 |
| 3Y Alpha | N/A | 5.4636% |
| 3Y Std Deviation | N/A | 16.1231% |
| 3Y Calmar Ratio | N/A | 0.77 |
Portfolio Analytics
LIC MF Multi Cap Fund- carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| DSP Multi Cap Fund - Direct - Growth | LIC MF Multi Cap Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 28.3937 | 32.2882 |
| P/B Ratio | 6.2622 | - |
| Dividend Yield | 1.2705% | 0.6489% |
| Active Share | 81.77% | 76.88% |
| Portfolio Turnover | 2% | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
DSP Multi Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, DSP Multi Cap Fund or LIC MF Multi Cap Fund-?
DSP Multi Cap Fund's direct-plan expense ratio is 0.08 percentage points lower than LIC MF Multi Cap Fund-'s. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't DSP Multi Cap Fund and LIC MF Multi Cap Fund- show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, DSP Multi Cap Fund or LIC MF Multi Cap Fund-?
DSP Multi Cap Fund has ₹2,797 Cr in assets under management, versus ₹2,149 Cr for LIC MF Multi Cap Fund-. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, DSP Multi Cap Fund or LIC MF Multi Cap Fund-?
LIC MF Multi Cap Fund- launched on 2022-10-06, making it older than DSP Multi Cap Fund (launched 2024-01-08). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.