COMPARE
LIC MF Multi Cap Fund-Direct Plan-Growth vs Tata Multicap Fund - Direct Plan - Growth
LIC MF Multi Cap Fund- and Tata Multicap Fund are both in the Multi Cap Fund category, from LIC Mutual Fund Asset Management Limited and Tata Asset Management Limited respectively. LIC MF Multi Cap Fund- has posted a higher 3-year rolling CAGR. LIC MF Multi Cap Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
LIC MF Multi Cap Fund- has the lower direct-plan expense ratio, by 0.00 percentage points.
| LIC MF Multi Cap Fund-Direct Plan-Growth | Tata Multicap Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | LIC Mutual Fund Asset Management Limited | Tata Asset Management Limited |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹18.6482 (2026-10-28) | ₹15.1916 (2026-10-28) |
| AUM | ₹2,148.96 Cr | ₹3,339.02 Cr |
| Expense Ratio (Direct) | 0.78% | 0.78% |
| Inception | 2022-10-06 | 2023-01-16 |
Returns
LIC MF Multi Cap Fund- leads on 3-year rolling CAGR (20.8% vs Tata Multicap Fund's 13.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
LIC MF Multi Cap Fund- has been the more volatile of the two by standard deviation.
| LIC MF Multi Cap Fund-Direct Plan-Growth | Tata Multicap Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.49 | 0.03 |
| 3Y Alpha | 5.4636% | -1.8277% |
| 3Y Std Deviation | 16.1231% | 15.2992% |
| 3Y Calmar Ratio | 0.77 | 0.34 |
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.
| LIC MF Multi Cap Fund-Direct Plan-Growth | Tata Multicap Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 32.2882 | 25.4937 |
| P/B Ratio | - | 6.656 |
| Dividend Yield | 0.6489% | 0.9751% |
| Active Share | 76.88% | 71.03% |
| Portfolio Turnover | - | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
LIC MF Multi Cap Fund- has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, LIC MF Multi Cap Fund- or Tata Multicap Fund?
LIC MF Multi Cap Fund-'s 3-year rolling CAGR of 20.8% is higher than Tata Multicap Fund's 13.5%. LIC MF Multi Cap Fund- sits in the 73rd percentile of its category on this metric, versus the 9th percentile for Tata Multicap 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 Multi Cap Fund- or Tata Multicap Fund?
LIC MF Multi Cap Fund-'s direct-plan expense ratio is 0.00 percentage points lower than Tata Multicap 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 Multi Cap Fund- or Tata Multicap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), LIC MF Multi Cap Fund- has been more volatile than Tata Multicap 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 (0.49 for LIC MF Multi Cap Fund- vs 0.03 for Tata Multicap 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 Multi Cap Fund- or Tata Multicap Fund?
Tata Multicap Fund has ₹3,339 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, LIC MF Multi Cap Fund- or Tata Multicap Fund?
LIC MF Multi Cap Fund- launched on 2022-10-06, making it older than Tata Multicap Fund (launched 2023-01-16). 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.