COMPARE
LIC MF Dividend Yield Fund-Direct Plan-Growth vs Tata Dividend Yield Fund-Direct Plan-Growth
LIC MF Dividend Yield Fund- and Tata Dividend Yield Fund- are both in the Dividend Yield Fund category, from LIC Mutual Fund Asset Management Limited and Tata Asset Management Limited respectively. Tata Dividend Yield Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Tata Dividend Yield Fund- has the lower direct-plan expense ratio, by 0.20 percentage points.
| LIC MF Dividend Yield Fund-Direct Plan-Growth | Tata Dividend Yield Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Dividend Yield Fund | Dividend Yield Fund |
| AMC | LIC Mutual Fund Asset Management Limited | Tata Asset Management Limited |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹33.7148 (2026-10-30) | ₹20.2379 (2026-10-30) |
| AUM | ₹717.029 Cr | ₹1,082.57 Cr |
| Expense Ratio (Direct) | 0.96% | 0.76% |
| Inception | 2018-12-03 | 2021-05-03 |
Returns
Risk Metrics
LIC MF Dividend Yield Fund- has been the more volatile of the two by standard deviation.
| LIC MF Dividend Yield Fund-Direct Plan-Growth | Tata Dividend Yield Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.56 | 0.31 |
| 3Y Alpha | 7.555% | 3.1829% |
| 3Y Std Deviation | 16.7046% | 15.9156% |
| 3Y Calmar Ratio | 0.81 | 0.59 |
Portfolio Analytics
LIC MF Dividend Yield 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.
| LIC MF Dividend Yield Fund-Direct Plan-Growth | Tata Dividend Yield Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 25.0958 | 21.9629 |
| P/B Ratio | 4.6626 | 3.8124 |
| Dividend Yield | 0.8258% | 1.0648% |
| Active Share | 74.62% | 65.75% |
| Portfolio Turnover | 52% | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
LIC MF Dividend Yield Fund- and Tata Dividend Yield Fund- carry the same Punji Quality grade.
Frequently asked questions
Which has a lower expense ratio, LIC MF Dividend Yield Fund- or Tata Dividend Yield Fund-?
Tata Dividend Yield Fund-'s direct-plan expense ratio is 0.20 percentage points lower than LIC MF Dividend Yield 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.
Which fund carries more risk, LIC MF Dividend Yield Fund- or Tata Dividend Yield Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), LIC MF Dividend Yield Fund- has been more volatile than Tata Dividend Yield Fund- over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.56 for LIC MF Dividend Yield Fund- vs 0.31 for Tata Dividend Yield Fund-) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, LIC MF Dividend Yield Fund- or Tata Dividend Yield Fund-?
Tata Dividend Yield Fund- has ₹1,083 Cr in assets under management, versus ₹717 Cr for LIC MF Dividend Yield 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, LIC MF Dividend Yield Fund- or Tata Dividend Yield Fund-?
LIC MF Dividend Yield Fund- launched on 2018-12-03, making it older than Tata Dividend Yield Fund- (launched 2021-05-03). 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 2026-11-01. Source: AMFI disclosures via Punji. Not investment advice.