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LIC MF Focused Fund-Direct Plan-Growth vs Nippon India Flexi Cap Fund - Direct Plan - Growth Plan - Growth Option
LIC MF Focused Fund- and Nippon India Flexi Cap Fund are in different categories (Focused Fund vs Flexi Cap Fund), from LIC Mutual Fund Asset Management Limited and Nippon Life India Asset Management Limited respectively. LIC MF Focused Fund- has posted a higher 3-year rolling CAGR. Nippon India Flexi Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Nippon India Flexi Cap Fund has the lower direct-plan expense ratio, by 2.03 percentage points.
| LIC MF Focused Fund-Direct Plan-Growth | Nippon India Flexi Cap Fund - Direct Plan - Growth Plan - Growth Option | |
|---|---|---|
| Category | Focused Fund | Flexi Cap Fund |
| AMC | LIC Mutual Fund Asset Management Limited | Nippon Life India Asset Management Limited |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹24.0381 (2026-09-30) | ₹17.1675 (2026-09-30) |
| AUM | ₹173.791 Cr | ₹9,377.09 Cr |
| Expense Ratio (Direct) | 2.68% | 0.65% |
| Inception | 2017-10-30 | 2021-07-26 |
Returns
LIC MF Focused Fund- leads on 3-year rolling CAGR (9.9% vs Nippon India Flexi Cap Fund's 17.0%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
LIC MF Focused Fund- has been the more volatile of the two by standard deviation.
| LIC MF Focused Fund-Direct Plan-Growth | Nippon India Flexi Cap Fund - Direct Plan - Growth Plan - Growth Option | |
|---|---|---|
| 3Y Sharpe Ratio | 0.13 | 0.19 |
| 3Y Alpha | -0.7601% | -0.2354% |
| 3Y Std Deviation | 15.6531% | 14.3171% |
| 3Y Calmar Ratio | 0.42 | 0.48 |
Portfolio Analytics
LIC MF Focused 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 Focused Fund-Direct Plan-Growth | Nippon India Flexi Cap Fund - Direct Plan - Growth Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 28.8869 | 27.4035 |
| P/B Ratio | 7.0028 | 6.1699 |
| Dividend Yield | 1.19% | 1.136% |
| Active Share | 84.96% | - |
| Portfolio Turnover | 182% | 31% |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
LIC MF Focused Fund- and Nippon India Flexi Cap Fund carry the same Punji Quality grade.
| LIC MF Focused Fund-Direct Plan-Growth | Nippon India Flexi Cap Fund - Direct Plan - Growth Plan - Growth Option | |
|---|---|---|
| Quality Grade | D | D |
| Safety Grade | D | D |
| Compound Grade | D | C |
Frequently asked questions
Which has a higher 3-year return, LIC MF Focused Fund- or Nippon India Flexi Cap Fund?
LIC MF Focused Fund-'s 3-year rolling CAGR of 9.9% is higher than Nippon India Flexi Cap Fund's 17.0%. LIC MF Focused Fund- sits in the 4th percentile of its category on this metric, versus the 59th percentile for Nippon India Flexi Cap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, LIC MF Focused Fund- or Nippon India Flexi Cap Fund?
Nippon India Flexi Cap Fund's direct-plan expense ratio is 2.03 percentage points lower than LIC MF Focused 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 Focused Fund- or Nippon India Flexi Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), LIC MF Focused Fund- has been more volatile than Nippon India Flexi Cap 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 (0.13 for LIC MF Focused Fund- vs 0.19 for Nippon India Flexi Cap 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 Focused Fund- or Nippon India Flexi Cap Fund?
Nippon India Flexi Cap Fund has ₹9,377 Cr in assets under management, versus ₹174 Cr for LIC MF Focused 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 Focused Fund- or Nippon India Flexi Cap Fund?
LIC MF Focused Fund- launched on 2017-10-30, making it older than Nippon India Flexi Cap Fund (launched 2021-07-26). 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 2026-10-01. Source: AMFI disclosures via Punji. Not investment advice.