COMPARE
LIC MF Multi Asset Allocation Fund-Direct Plan-Growth vs quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan
LIC MF Multi Asset Allocation Fund- and quant Multi Asset Allocation Fund- are both in the Multi Asset Allocation category, from LIC Mutual Fund Asset Management Limited and quant Money Managers Limited respectively. LIC MF Multi Asset Allocation Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
LIC MF Multi Asset Allocation Fund- has the lower direct-plan expense ratio, by 0.10 percentage points.
| LIC MF Multi Asset Allocation Fund-Direct Plan-Growth | quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan | |
|---|---|---|
| Category | Multi Asset Allocation | Multi Asset Allocation |
| AMC | LIC Mutual Fund Asset Management Limited | quant Money Managers Limited |
| Benchmark | Nifty 500 TRI 65% + Nifty Composite Debt Index 25% + Price of Domestic Gold 10% | 65% Nifty 500 TRI + 15% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index |
| NAV | ₹11.8192 (2026-10-28) | ₹175.9917 (2026-10-28) |
| AUM | ₹927.578 Cr | ₹6,680.225 Cr |
| Expense Ratio (Direct) | 1.08% | 1.18% |
| Inception | 2025-01-24 | 2001-02-19 |
Returns
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
LIC MF Multi Asset Allocation 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 Multi Asset Allocation Fund-Direct Plan-Growth | quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan | |
|---|---|---|
| P/E Ratio | 29.7806 | 22.782 |
| P/B Ratio | 4.5144 | 6.656 |
| Dividend Yield | 0.8128% | 1.1188% |
| Active Share | - | - |
| Portfolio Turnover | 71% | - |
| YTM | - | 6.6613% |
| Duration (Macaulay) | - | 1.11 yrs |
Punji Fund Health Score
LIC MF Multi Asset Allocation Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, LIC MF Multi Asset Allocation Fund- or quant Multi Asset Allocation Fund-?
LIC MF Multi Asset Allocation Fund-'s direct-plan expense ratio is 0.10 percentage points lower than quant Multi Asset Allocation 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 LIC MF Multi Asset Allocation Fund- and quant Multi Asset Allocation 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, LIC MF Multi Asset Allocation Fund- or quant Multi Asset Allocation Fund-?
quant Multi Asset Allocation Fund- has ₹6,680 Cr in assets under management, versus ₹928 Cr for LIC MF Multi Asset Allocation 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 Multi Asset Allocation Fund- or quant Multi Asset Allocation Fund-?
quant Multi Asset Allocation Fund- launched on 2001-02-19, making it older than LIC MF Multi Asset Allocation Fund- (launched 2025-01-24). 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.