NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹11.16
2.05%
NAV as on 01 Apr 26, 12:00 AM
risk
multi asset allocation
equity
NAV as on 01 Apr 26, 12:00 AM
risk
multi asset allocation
equity
6.92%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
10.24%p.a.
Since Inception
About LIC MF Multi Asset Allocation Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the LIC MF Multi Asset Allocation Fund -Growth scheme from LIC Mutual Fund Asset Management Limited. It is a Multi Asset Allocation mutual fund scheme that predominantly invests in Multi Asset Allocation stocks of companies. Launched on Jan 2025, LIC MF Multi Asset Allocation Fund -Growth is Multi Asset Allocation fund of its category with 969.87 Cr fund under management as on Apr 2026. The expense ratio of this fund is less than that of most other Fund category Multi Asset Allocation funds.
- LIC MF Multi Asset Allocation Fund -Growth delivered 6.9% annual returns during the last year. It has delivered 10.2% average annual returns since the fund was launched.
- LIC MF Multi Asset Allocation Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund 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 Andunits Of Gold Exchange Traded Funds (Etfs).
Top 10 Holdings
Apollo Hospitals Enterprise Ltd
1.65%
Axis Bank Ltd
1.71%
Bank Of Baroda
0.60%
Bharat Electronics Ltd
0.97%
Bharat Forge Ltd
0.47%
Blue Star Ltd
0.79%
CESC Ltd
1.39%
Cholamandalam Investment & Finance Company Ltd
2.21%
Cipla Ltd
0.79%
Deepak Nitrite Ltd
0.89%
Fund Managers
- Sumit Bhatnagar (Jan 2025 - Present)
- Nikhil Rungta (Jan 2025 - Present)
- Pratik Harish Shroff (Jan 2025 - Present)
- Jaiprakash Toshniwal (Jul 2025 - Present)
Key Information
View Scheme Document
LIC MF Multi Asset Allocation Fund -Growth SIP Calculator
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NRI Mutual Fund Tax on LIC MF Multi Asset Allocation Fund -Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in LIC MF Multi Asset Allocation Fund -Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in LIC MF Multi Asset Allocation Fund -Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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