Fundalysisby DARKHORSESTOCKS

Scheme

LIC MF Multi Asset Allocation Fund

Holds 44 companies worth ₹654 Cr in Sept 2026.

  • Fund house

    LICThe fund house that runs this scheme.

  • AUM

    ₹966 CrLIC MF Multi Asset Allocation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 3.9% on Aug 2026, ₹1,005 Cr.

  • Largest holding

    ICICI BankICICI Bank is 3.6% of this scheme's NAV.

  • Fund manager

    Pratik Harish ShroffRuns it since 14 Feb 2025, as the fund house dates it. With Sumit Bhatnagar (fund manager).

Overview(31 Aug 2026)

Fund managers2

  1. Pratik Harish ShroffFund manager, debt · Feb 2025
  2. Sumit BhatnagarFund manager, equity · Feb 2025
  1. Jaiprakash ToshniwalJul 2025 – Apr 2026
  2. Nikhil RungtaFeb 2025 – Sept 2025

Key facts

Benchmark
65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold
Risk
Very High
Expense
Regular 2.03% · Direct 0.72%
Exit load
12% within 3 months
Started
14 Feb 2025
Minimum
₹5,000

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(8 changes)

Apr 2026

2 changes
  1. Jaiprakash Toshniwal left
    7 Aprran it as fund manager (equity) from Jul 2025
  2. Expense ratio
    7 AprRegular 2.04% → 2.03%Direct 1.07% → 0.72%

Mar 2026

1 change
  1. Expense ratio
    18 MarRegular 2.06% → 2.04%Direct 0.65% → 1.07%

Jan 2026

1 change
  1. Expense ratio
    29 JanRegular 2.23% → 2.06%Direct 0.67% → 0.65%

Source.Its filings at NSE, since Feb 2025.

Fund managers over time(Feb 2025 – now)

  1. Pratik Harish Shroff
  2. Sumit Bhatnagar
  3. Jaiprakash Toshniwal
  4. Nikhil Rungta
MainCoSlice2026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Feb 2025 – Aug 2026)

Every change to the expense ratio, newest first.
6 changesRegularDirectΔ pt
7 Apr 20262.03%0.72%0.35
18 Mar 20262.04%1.07%0.42
29 Jan 20262.06%0.65%0.02
22 Jul 20252.23%0.67%0.12
15 Apr 20252.30%0.55%0.04
20 Feb 20252.35%0.59%–
Direct plan, 7 Apr 2026
0.72%
Regular plan 2.03% · Exit load 12% within 3 months
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(31 Aug 2026)

Objective

The investment objective of 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). There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended scheme investing in Equity, Debt and Gold
Benchmark
65% Nifty 500 TRI + 25% Nifty Composite Debt Index + 10% Price of Domestic Gold

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments
    Allowed65–80%Holds67.7%
  2. Debt and Money Market instruments
    Allowed10–25%Holds32.3%
  3. Units of Gold ETFs
    Allowed10–25%
  4. Units of Silver ETFs
    Allowed0–10%
  5. Units issued by Infrastructure Investment Trusts (InvITs), ETCDs, and mutual fund units
    Allowed0–10%

Holds in Sept 2026.67.7% equity · 32.3% debt and cash

How to invest(31 Aug 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹500, then in multiples of ₹1
Most
No Limit
Systematic
SIP Details -Daily,Weekly, Monthly, Quarterly | SWP Details - Monthly, Quarterly ,Half Yearly,Yearly | STP Details - Daily, Weekly, Monthly, Quarterly
Dates
SIP : Daily - All business day, Weekly – Between Monday to Friday, Monthly - Any date between 1st to 28th, Quarterly - Any date between 1st to 28th| SWP Details - Monthly, Quarterly ,Half Yearly & Yearly - Any date between 1st to 28th | STP : Daily - All business day, Weekly - Monday to Friday* (*Default will be Friday), Monthly & Quarterly - Any date between 1st to 28th (*Default date/day-10th of the month)
Minimum
SIP Details - 100, 150,200, 1000 | SWP Details - 500,500,500,500 | STP Details - 100, 500, 500, 500, then sIP Details - 1 | SWP Details - 1 | STP Details - 1
Instalments
"SIP Details - 60,40,30,6 | SWP Details - 6,4,4,4 | STP : 60,12,12,12 "
Most
SIP Details - No Limit | SWP Details - No Limit | STP Details - No Limit

Selling and switching

To redeem
Rs. 500/- and in multiples of Re.1/- thereafter or account balance whichever is lower (except demat units) or Units equivalent to Rs. 500/- or account balance whichever is lower units
Minimum balance
There is no minimum balance requirement or There is no minimum balance requirement units
Switch minimum
Switch - in: Rs.5000 and multiples of Rs. 1/- thereafter. Switch-out :Rs. 500 and multiples of Rs. 1/- thereafter or 0.001 units
Switch multiples
₹1 or No Limit units
Switch most
No Limit or No Limit units

Scheme details(31 Aug 2026)

What it is

Category
Multi Asset Allocation
Offer
24 Jan 2025 to 7 Feb 2025
Started
14 Feb 2025
Reopened
18 Feb 2025
Plans
Regular Plan-Payout of Income Distribution cum Capital Withdrawal (IDCW) Option · Regular Plan-IDCW Reinvestment Option · Regular Plan-Growth Option · Direct Plan- Payout of IDCW Option · Direct Plan-Reinvestment of IDCW Option · Direct Plan-Growth Option
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Standard Chartered Bank
Auditor
M/s. Deloite Haskins & Co LLP
Registrar
KFin Technologies Limited
SEBI code
LICM/O/H/MAA/24/12/0030