Funds/Multi Cap Fund/LIC MF Multi Cap Fund

LIC MF Multi Cap Fund

LIC Mutual Fund·Multi Cap Fund·vs Nifty 500 Multicap 50:25:25 TRI

The fund maintains a balanced multi-cap stance with meaningful cash reserves, signalling measured caution in current markets. Its banking overweight reflects conviction in financial sector fundamentals, while selective exposure to electrical equipment and auto components suggests positioning for infrastructure-led growth. The recent portfolio pruning—exiting twelve holdings including IT names—indicates the manager is rotating away from software and selective power plays, prioritizing quality and domestically-driven businesses over broader market momentum.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Direct Growth	₹17.8912	—	—	—	—	—	—
Regular Growth	₹16.8960	+3.84%	-1.35%	-3.33%	+4.18%	+18.23%	—
Direct IDCW	₹17.8912	—	—	—	—	—	—
Regular IDCW	₹16.8960	—	—	—	—	—	—

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

13.60%

Top 10 Weight

22.24%

Active Share

—

Large Cap

36.97%

Gini

0.174

What Changed2026-03-31 → 2026-04-30

Holdings: 79 → 69+2 added−12 removed41 weight shifts ≥ 0.1%

Stock	Sector	Weight
Tata Communications Ltd.	Telecom - Services	1.21%
Navin Fluorine International Ltd.	Chemicals & Petrochemicals	0.95%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Treps		CASH_EQUIVALENT	6.39%
2	HDFC Bank Ltd. INE040A01034	Banks	EQUITY	3.58%
3	ICICI Bank Ltd. INE090A01021	Banks	EQUITY	2.91%
4	Garware Hi-Tech Films Ltd. INE291A01017	Industrial Products	EQUITY	2.62%
5	Axis Bank Ltd. INE238A01034	Banks	EQUITY	2.51%
6	Avalon Technologies Ltd. INE0LCL01028	Electrical Equipment	EQUITY	1.98%
7	Bharat Forge Ltd. INE465A01025	Auto Components	EQUITY	1.80%
8	State Bank of India INE062A01020	Banks	EQUITY	1.76%
9	GE Vernova T&D India Limited INE200A01026	Electrical Equipment	EQUITY	1.71%
10	Shakti Pumps (India) Ltd. INE908D01010	Industrial Products	EQUITY	1.70%
11	Tata Consultancy Services Ltd. INE467B01029	IT - Software	EQUITY	1.67%
12	Multi Commodity Exchange Of India Ltd. INE745G01043	Capital Markets	EQUITY	1.66%
13	Schneider Electric Infrastructure Ltd. INE839M01018	Electrical Equipment	EQUITY	1.64%
14	Maruti Suzuki India Ltd. INE585B01010	Automobiles	EQUITY	1.63%
15	Infosys Ltd. INE009A01021	IT - Software	EQUITY	1.61%
16	Sun Pharmaceutical Industries Ltd. INE044A01036	Pharmaceuticals & Biotechnology	EQUITY	1.60%
17	Bharti Hexacom Ltd. INE343G01021	Telecom - Services	EQUITY	1.59%
18	Shriram Finance Ltd. INE721A01047	Finance	EQUITY	1.54%
19	Grasim Industries Ltd. INE047A01021	Cement & Cement Products	EQUITY	1.54%
20	Kotak Mahindra Bank Ltd. INE237A01036	Banks	EQUITY	1.54%

Sector Allocation

Banks13.7%

Electrical Equipment7.5%

Auto Components5.8%

Pharmaceuticals & Biotechnology5.6%

Industrial Products4.9%

Automobiles4.5%

Chemicals & Petrochemicals3.4%

IT - Software3.3%

Finance2.9%

Telecom - Services2.8%

Top 10 sectors by % to NAV. Excludes derivatives.