LIC MF Multi Asset Allocation Fund Direct Growth

LIC MF Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 14 February, 2025. The fund is managed by Sumit Bhatnagar, Nikhil Rungta. This fund gives you the benefit of diversification.

1. LIC MF Multi Asset Allocation Fund Direct Growth has ₹537 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 0.6.
   

LIC MF Multi Asset Allocation Fund Direct Growth has given a CAGR return of 8.23% since inception.

LIC MF Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Financial Services, Government, Industrial, Basic Materials, Consumer Cyclical, Health, Consumer Defensive, Tech, Utilities, Energy.

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

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).

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 200.00. LIC MF Multi Asset Allocation Fund Direct Growth has no lock in period.