| Launch date | 24 Jan 2025 |
| Allotment date | 14 Feb 2025 |
| End date | 07 Feb 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.55%
Inclusive of GST
Exit load
Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
NA
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹200 |
Fund management
Sumit BhatnagarJan 2025 - PresentView details
Nikhil RungtaJan 2025 - PresentView details
Pratik Harish ShroffJan 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #20 in India |
|---|---|
| Total AUM | ₹32,368.68Cr |
| Date of Incorporation | 20 Apr 1994 |
|---|
LIC MF Multi Asset Allocation Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by LIC Mutual Fund. This scheme was made available to investors on 20 Apr 1994. Sumit Bhatnagar is the Current Fund Manager of LIC MF Multi Asset Allocation Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹32,369 Cr and the Latest NAV as of 13 Mar 2025 is ₹10.00. The LIC MF Multi Asset Allocation Fund Direct Growth is rated High risk. Minimum SIP Investment is set to ₹200. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 3 months. ;
Investment Objective
The scheme is to generate long term capital appreciation by investing in diversified portfolio of equity & equity related instruments, debt & money market instruments and units of Gold Exchange Traded Funds (ETFs). ;
| Fund benchmark | NA |
|---|
Fund house contact details
Peer Comparison
| Hybrid, Multi Asset Allocation funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Quant Multi Asset Fund Direct Growth | 5 | 10.5% | 20.0% | 3,004.32 |
ICICI Prudential Multi Asset Fund Direct Growth | 5 | 11.9% | 18.7% | 52,257.08 |
UTI Multi Asset Allocation Fund Direct Growth | 4 | 7.4% | 17.3% | 4,978.81 |
SBI Multi Asset Allocation Fund Direct Growth | 4 | 9.1% | 14.1% | 7,132.20 |
HDFC Multi Asset Fund Direct Growth | 3 | 8.2% | 13.5% | 3,837.22 |
Vaishnavi Tech Park, South Tower, 3rd Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
Karnataka
Contact Us