All returns displayed below are CAGR.
Multi Cap303.23
+2.90%
Multi Cap19.02
-1.30%
Multi Cap17.91
+2.30%
Multi Cap18.98
-2.00%
Multi Cap798.31
+0.40%
Multi Cap35.40
-1.50%
Multi Cap23.58
-4.00%
Multi Cap288.40
+0.60%
Multi Cap131.52
+0.60%
Multi Cap17.23
-1.50%
Multi Cap17.18
+5.60%
Multi Cap19.68
+0.70%
Multi Cap383.72
+1.60%
Multi Cap615.51
-14.90%
Multi Cap11.18
-
| Fund names | NAV(₹) | VR Rating | 1Y Returns | 3Y Returns | 5Y Returns |
|---|---|---|---|---|---|
| Nippon India Multi Cap Fund(G) Equity Multi Cap | 303.23 | +2.90% | +24.00% | +29.30% | |
| Kotak Multicap Fund-Reg(G) Equity Multi Cap | 19.02 | -1.30% | +23.40% | - | |
| Axis Multicap Fund-Reg(G) Equity Multi Cap | 17.91 | +2.30% | +21.90% | - | |
| HDFC Multi Cap Fund-Reg(G) Equity Multi Cap | 18.98 | -2.00% | +21.70% | - | |
| ICICI Pru Multicap Fund(G) Equity Multi Cap | 798.31 | +0.40% | +20.80% | +23.80% | |
| Mahindra Manulife Multi Cap Fund-Reg(G) Equity Multi Cap | 35.40 | -1.50% | +20.20% | +25.20% | |
| ITI Multi-Cap Fund-Reg(G) Equity Multi Cap | 23.58 | -4.00% | +19.90% | +19.50% | |
| Baroda BNP Paribas Multi Cap Fund-Reg(G) Equity Multi Cap | 288.40 | +0.60% | +19.70% | +24.00% | |
| Invesco India Multicap Fund(G) Equity Multi Cap | 131.52 | +0.60% | +19.50% | +22.60% | |
| Bandhan Multi Cap Fund-Reg(G) Equity Multi Cap | 17.23 | -1.50% | +18.50% | - | |
| SBI Multicap Fund-Reg(G) Equity Multi Cap | 17.18 | +5.60% | +17.40% | - | |
| Aditya Birla SL Multi-Cap Fund-Reg(G) Equity Multi Cap | 19.68 | +0.70% | +17.10% | - | |
| Sundaram Multi Cap Fund(G) Equity Multi Cap | 383.72 | +1.60% | +16.90% | +22.80% | |
| Quant Multi Cap Fund(G) Equity Multi Cap | 615.51 | -14.90% | +13.00% | +22.80% | |
| Bajaj Finserv Multi Cap Fund-Reg(G) Equity Multi Cap | 11.18 | - | - | - |
Multi-cap Funds are equity mutual funds in India that invest across large-cap, mid-cap, and small-cap companies, offering broad market participation and diversification. Actively managed by professionals, these funds seek to balance growth, stability, and risk, making them an adaptable choice for investors pursuing long-term wealth creation through varied equity exposure.
Multi-cap Funds are a dynamic category of equity mutual funds that invest across companies of different market capitalisations listed on prominent stock exchanges such as BSE or NSE. The core principle of Multi-cap Mutual Funds is diversification: by spreading investments across sectors and various company sizes, these funds provide balanced exposure to both growth and stability.
Under Securities and Exchange Board of India (SEBI) regulations, Multi-cap Funds must invest a minimum of 25% each in large-cap, mid-cap and small-cap stocks. The remainder of the portfolio is allocated at the fund manager’s discretion, allowing for selective strategies based on market conditions.
Exposure to multiple company sizes and sectors reduces concentration risk and can smooth volatility across market cycles.
Fund managers reallocate between company segments depending on market conditions, which may capture opportunities for growth as they arise.
The combination of established large caps, growth-oriented mid caps and high-growth-potential small caps creates a blend of stability and future upside.
Multi-cap Mutual Funds are regulated by SEBI, ensuring investor protection and consistent disclosures.
Multi-cap Funds operate by pooling investors’ money and deploying it into a basket of stocks spanning the large-cap (top 100 companies by market capitalisation on BSE/NSE), mid-cap (101st to 250th), and small-cap segments (251st onwards). The fund manager actively tracks market trends, economic signals and sectoral rotation, adjusting holdings to potentially maximise returns while managing risk.
For example, if mid-cap companies are showing accelerated earnings growth, a manager may tilt part of the allocable portfolio towards this segment, all while maintaining the minimum threshold in each capitalisation as per SEBI mandates. This flexibility allows Multi-cap Mutual Funds to adapt to changing market dynamics more effectively than single-cap funds.
Investors can access these funds through various channels, either by making a lumpsum investment or starting a systematic investment plan (SIP). Units allotted are credited to the investor’s demat account, making portfolio management seamless and compliant with regulatory practices.
Investing in Multi-cap Funds is considered one of the best ways to achieve a balanced equity portfolio, especially for individuals who may not have the expertise or time to time the market. The in-built diversification offers cushioning during downturns in any one market cap segment while still participating in rallies across others.
However, it’s essential to recognise that, like all equity funds, Multi-cap Mutual Funds carry market risks and do not guarantee returns. Investors should align their selection with their risk appetite, long-term financial goals, and investment horizon, ideally five years or more to ride out market cycles effectively.
Multi-cap Mutual Funds are suitable for:
Individuals who want a “one fund, many companies” approach without tracking several schemes.
Those aiming for financial goals 5–10 years away benefit from the compounded growth across all market caps.
Investors looking to offset the volatility of small and mid-caps with stable large caps.
Fund managers adjust portfolios as per evolving market opportunities, which may not be feasible for individual investors.
You can invest in a Multi-cap Fund either with a lumpsum amount or by starting a systematic investment plan (SIP). While lumpsum investing may suit those with significant capital and a long-term perspective, most individual investors prefer SIP for its benefits:
Investing a fixed amount regularly can help average out purchase costs across market highs and lows.
Automated contributions help in maintaining long-term investing discipline, crucial for navigating volatile markets.
Investors can start, pause or adjust SIP contributions as per their financial situation.
All investments require KYC compliance and a demat account, as units are credited electronically for ease of tracking and redemption.
Multi-cap Funds are classified as equity-oriented funds for taxation purposes. Here’s how returns are taxed:
For dividends distributed by the fund, a dividend distribution tax is not levied at the fund level; however, such income is added to the investor’s taxable income and taxed at the applicable slab rate.
No, multi-cap funds invest in equity markets and are subject to market risks. Their diversified approach mitigates some risk but does not eliminate it entirely.
The best fund can vary depending on the consistency of past returns, fund manager expertise, portfolio quality, expense ratio and alignment with your investment goals. Investors should review multiple performance metrics before deciding.
Multi-cap Mutual Funds are among the top choices for diversified, long-term equity investing due to their balance of risk and reward. However, suitability depends on your unique risk appetite and goals.
Yes, Multi-cap Funds are subject to capital gains tax at 20% for short-term (less than one year) and 12.5% for long-term gains (over ₹1.25 lakh in a financial year held for more than a year).
Yes, you can redeem your units at any time. However, if you withdraw within the exit load period (usually up to 12 months), an exit load (typically 1%) may apply. Tax rules also differ based on holding period.
Multi-cap Funds are designed for long-term capital appreciation. While short-term investing is permitted, returns may fluctuate and not reflect the full benefits of diversification and compounding offered by Multi-cap Mutual Funds.
