diff --git a/llvm/lib/Target/RISCV/RISCVInsertVSETVLI.cpp b/llvm/lib/Target/RISCV/RISCVInsertVSETVLI.cpp
--- a/llvm/lib/Target/RISCV/RISCVInsertVSETVLI.cpp
+++ b/llvm/lib/Target/RISCV/RISCVInsertVSETVLI.cpp
@@ -1290,14 +1290,17 @@
     // vreg def placement.
     return RISCV::X0 == Info.getAVLReg();
 
-  if (RISCVII::LMUL_1 != Info.getVLMUL())
-    // TODO: Generalize the code below to account for LMUL
-    return false;
-
   unsigned AVL = Info.getAVLImm();
   unsigned SEW = Info.getSEW();
   unsigned AVLInBits = AVL * SEW;
-  return ST.getRealMinVLen() >= AVLInBits;
+
+  unsigned LMul;
+  bool Fractional;
+  std::tie(LMul, Fractional) = RISCVVType::decodeVLMUL(Info.getVLMUL());
+
+  if (Fractional)
+    return ST.getRealMinVLen() / LMul >= AVLInBits;
+  return ST.getRealMinVLen() * LMul >= AVLInBits;
 }
 
 /// Perform simple partial redundancy elimination of the VSETVLI instructions
diff --git a/llvm/test/CodeGen/RISCV/rvv/sink-splat-operands.ll b/llvm/test/CodeGen/RISCV/rvv/sink-splat-operands.ll
--- a/llvm/test/CodeGen/RISCV/rvv/sink-splat-operands.ll
+++ b/llvm/test/CodeGen/RISCV/rvv/sink-splat-operands.ll
@@ -3775,9 +3775,9 @@
 ; CHECK-LABEL: sink_splat_mul_lmul2:
 ; CHECK:       # %bb.0: # %entry
 ; CHECK-NEXT:    li a2, 1024
+; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:  .LBB67_1: # %vector.body
 ; CHECK-NEXT:    # =>This Inner Loop Header: Depth=1
-; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:    vle64.v v8, (a0)
 ; CHECK-NEXT:    vmul.vx v8, v8, a1
 ; CHECK-NEXT:    vse64.v v8, (a0)
@@ -3811,9 +3811,9 @@
 ; CHECK-LABEL: sink_splat_add_lmul2:
 ; CHECK:       # %bb.0: # %entry
 ; CHECK-NEXT:    li a2, 1024
+; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:  .LBB68_1: # %vector.body
 ; CHECK-NEXT:    # =>This Inner Loop Header: Depth=1
-; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:    vle64.v v8, (a0)
 ; CHECK-NEXT:    vadd.vx v8, v8, a1
 ; CHECK-NEXT:    vse64.v v8, (a0)
@@ -3847,9 +3847,9 @@
 ; CHECK-LABEL: sink_splat_sub_lmul2:
 ; CHECK:       # %bb.0: # %entry
 ; CHECK-NEXT:    li a2, 1024
+; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:  .LBB69_1: # %vector.body
 ; CHECK-NEXT:    # =>This Inner Loop Header: Depth=1
-; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:    vle64.v v8, (a0)
 ; CHECK-NEXT:    vsub.vx v8, v8, a1
 ; CHECK-NEXT:    vse64.v v8, (a0)
@@ -3883,9 +3883,9 @@
 ; CHECK-LABEL: sink_splat_rsub_lmul2:
 ; CHECK:       # %bb.0: # %entry
 ; CHECK-NEXT:    li a2, 1024
+; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:  .LBB70_1: # %vector.body
 ; CHECK-NEXT:    # =>This Inner Loop Header: Depth=1
-; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:    vle64.v v8, (a0)
 ; CHECK-NEXT:    vrsub.vx v8, v8, a1
 ; CHECK-NEXT:    vse64.v v8, (a0)
@@ -3919,9 +3919,9 @@
 ; CHECK-LABEL: sink_splat_and_lmul2:
 ; CHECK:       # %bb.0: # %entry
 ; CHECK-NEXT:    li a2, 1024
+; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:  .LBB71_1: # %vector.body
 ; CHECK-NEXT:    # =>This Inner Loop Header: Depth=1
-; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:    vle64.v v8, (a0)
 ; CHECK-NEXT:    vand.vx v8, v8, a1
 ; CHECK-NEXT:    vse64.v v8, (a0)
@@ -3955,9 +3955,9 @@
 ; CHECK-LABEL: sink_splat_or_lmul2:
 ; CHECK:       # %bb.0: # %entry
 ; CHECK-NEXT:    li a2, 1024
+; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:  .LBB72_1: # %vector.body
 ; CHECK-NEXT:    # =>This Inner Loop Header: Depth=1
-; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:    vle64.v v8, (a0)
 ; CHECK-NEXT:    vor.vx v8, v8, a1
 ; CHECK-NEXT:    vse64.v v8, (a0)
@@ -3991,9 +3991,9 @@
 ; CHECK-LABEL: sink_splat_xor_lmul2:
 ; CHECK:       # %bb.0: # %entry
 ; CHECK-NEXT:    li a2, 1024
+; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:  .LBB73_1: # %vector.body
 ; CHECK-NEXT:    # =>This Inner Loop Header: Depth=1
-; CHECK-NEXT:    vsetivli zero, 4, e64, m2, ta, mu
 ; CHECK-NEXT:    vle64.v v8, (a0)
 ; CHECK-NEXT:    vxor.vx v8, v8, a1
 ; CHECK-NEXT:    vse64.v v8, (a0)