SBI Contra Fund vs LIC Mutual Fund Multi Cap Fund
Side-by-side comparison of returns, risk, expenses, holdings and performance. AI-powered insights included.
3Y Return
16.36%
3Y Return
20.86%
Today, we'll compare two Multi Cap funds: SBI Contra Fund and LIC Mutual Fund Multi Cap Fund. We'll analyze their past performance, risk profile, and portfolio diversification to help you decide which fund is better suited for your investment needs.
| Parameter | ASBI Contra Fund - Direct Plan - Growth | BLIC Mutual Fund Multi Cap Fund - Regular Plan - Growth |
|---|---|---|
| Fund House | SBI Mutual Fund | LIC Mutual Fund |
| Category | Multi Cap | Multi Cap |
| NAV (₹) | 408.51 | 19.01 |
| AUM (₹ Cr) | 4.74 Lac Cr | 1.60 Lac Cr |
| Expense Ratio (%) | 0.72% | 1.68% |
| Riskometer | Very High | Very High |
| Volatility | 13.7 | 13.9 |
| Sharpe Ratio | 0.72 | 1.03 |
| 1 Year Return (%) | -1.21% | 5.23% |
| 3 Year Return (%) | 16.36% | 20.86% |
| 5 Year Return (%) | 18.26% | 11.46% |
| Since Launch (%) | 15.48% | 21.47% |
| Min SIP (₹) | 500 | 500 |
| Min Lumpsum (₹) | 1000 | 1000 |
| Launch Date | 2 January 2013 | 3 February 2023 |
| Exit Load | Nil | Nil |
| Fund Manager | Dinesh Balachandran; Pradeep Kesavan (8.1 years yrs) | Yogesh Patil (3.5 years yrs) |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI | Nifty 500 Multicap 50:25:25 TRI |
| Top 3 Holdings | HDFC Bank Ltd. (6.59%), Reliance Industries Ltd. (5.35%), Biocon Ltd. (3.04%) | HDFC Bank Ltd. (6.5%), ICICI Bank Ltd. (5.8%), Reliance Industries Ltd. (4.9%) |
| Asset Allocation | Equity: 81.12% | T-Bills: 2.35% | Forgn. Eq: 2.19% | Debenture: 1.92% | CD: 1.05% | REITs: 0.94% | Call Option: -0.03% | Futures: -0.16% | Equity: 97.00% | T-Bills: 3.00% |
| Portfolio Turnover | 130% | 38% |
🤖 AI Verdict – Which is Better?
Considering the 3Y return, expense ratio, and risk, we think SBI Contra Fund is a better option for long-term wealth creation. Its 3Y return of 16.36% is significantly higher than LIC Mutual Fund Multi Cap Fund's 20.86%, but its expense ratio of 0.72% is much lower.
Why consider SBI Contra Fund?
- Expense ratio: 0.72%
- 3Y return: 16.36%
- AUM: 4.74 Lac Cr
- Sharpe Ratio: 0.72
Why consider LIC Mutual Fund Multi Cap Fund?
- Expense ratio: 1.68%
- 3Y return: 20.86%
- AUM: 1.60 Lac Cr
- Sharpe Ratio: 1.03
📈 SIP Suitability
For a monthly SIP for 10+ years, we recommend SBI Contra Fund. Although LIC Mutual Fund Multi Cap Fund has a higher 3Y return, SBI Contra Fund's 5Y return of 18.26% is more consistent, and its expense ratio is lower, making it a more cost-effective option.
⚠️ Risk & Cost Analysis
Comparing riskometer, volatility, Sharpe ratio, and expense ratio, SBI Contra Fund offers better risk-adjusted returns. Its Sharpe ratio of 0.72 is higher than LIC Mutual Fund Multi Cap Fund's 1.03, indicating lower risk for higher returns.
📊 Portfolio Diversification
SBI Contra Fund has a more diversified portfolio with 81.12% equity allocation and a mix of debt and foreign equity. LIC Mutual Fund Multi Cap Fund, on the other hand, has a higher equity allocation of 97.00% and a lower debt allocation.
SIP Calculator – Compare Growth Potential
SBI Contra Fund
₹1516047.14
@16.4% annual return (3Y)
LIC Mutual Fund Multi Cap Fund
₹2021967.48
@20.9% annual return (3Y)
*Projected returns are illustrative based on historical 3‑year returns. Past performance does not guarantee future returns.
❓ Frequently Asked Questions (Comparison)
Q1: Which fund gives better returns in the long run?
SBI Contra Fund gives better returns in the long run, with a 5Y return of 18.26% compared to LIC Mutual Fund Multi Cap Fund's 11.46%.
Q2: Is the higher risk fund worth it?
No, the higher risk fund (LIC Mutual Fund Multi Cap Fund) is not worth it, considering its higher volatility of 13.9 compared to SBI Contra Fund's 13.7. SBI Contra Fund offers better risk-adjusted returns with a Sharpe ratio of 0.72.
Q3: Which fund is more cost‑effective?
SBI Contra Fund is more cost-effective, with an expense ratio of 0.72% compared to LIC Mutual Fund Multi Cap Fund's 1.68%.
Mahendra Maurya
6+ Years in Banking, Wealth Management & Financial ServicesFounder & Author of ShareTargetPrice.in. 6+ years in Banking, Wealth Management & Financial Services.
📊 Author & Founder at Share Target Price