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Best Multi Cap Mutual Funds

Multi-cap funds invest in equity shares of companies across different market capitalisations. They are associated with a lower risk level in comparison to mid-cap or small-cap funds. However, the risk exposure is higher than that of large-cap funds. The fund managers of best multi-cap mutual funds in India consider the market conditions and adjust the proportion of large-cap, small-cap and mid-cap stocks in their portfolio accordingly.

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List of Multi Cap Mutual Funds in India

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mahindra Manulife Multi Cap Badhat Yojana FundEquityVery High0.9%5₹1,388
Baroda BNP Paribas Multi Cap FundEquityVery High-2.2%4₹1,694
BNP Paribas Multi Cap FundEquityVery High20.5%--₹562
Quant Active FundEquityVery High7.8%--₹2,857
Nippon India Multi Cap FundEquityVery High10.7%--₹13,224
Sundaram Multi Cap FundEquityVery High0.2%--₹1,903
Invesco India Multicap FundEquityVery High-3.4%--₹2,192
ICICI Prudential Multicap FundEquityVery High0.3%--₹6,875
UTI Focussed Equity FundEquityVery High63.0%--₹410
ITI Multi Cap FundEquityModerately High-6.4%--₹440
UTI Focussed Equity FundEquityModerately High14.0%--₹100
Sundaram Equity FundEquityVery High41.4%--₹828
Aditya Birla Sun Life Multi-Cap FundEquityVery High-2.1%--₹3,755
IDFC Multi Cap FundEquityVery HighNA--₹1,101
Axis Multicap FundEquityVery HighNA--₹5,540
View All

Features of Multi-Cap Funds

Given below are some of the features of the best multi-cap funds 2022:

Asset allocation: As per SEBI guidelines, multi-cap funds must allocate at least 75% of the investment corpus to equity and equity-related instruments or large-cap, mid-cap, and small-cap companies. The minimum investment in each category must be at least 25% of the total corpus.  

Risk-return ratio: The risk-to-return ratio varies depending on asset allocation. For example, a portfolio with a high percentage of large-cap stocks will be less risky and generate stable returns. However, if the percentage of small and mid-cap stocks is more, the fund will be riskier but is likely to generate higher returns. 

Taxability

Short-term capital gains tax: In case someone redeems the units in a multi-cap fund within 1 year, it is known as short term capital gains (STCG). Investors need to pay tax at 15% on such gains. 

Long-term capital gains tax: If they redeem the units after 1 year, proceeds from them will be classified as long-term capital gains (LTCG). If LTCG during a financial year is within Rs.1 lakh, tax is not applicable. A 10% tax applies to gains above that threshold. 

TDS: Tax Deductible at Source only applies when one opts for the dividend option of a multi-cap fund scheme. It’s 10% only if the dividend payout exceeds Rs.5000.

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Who Are These Funds Suited For?

Typically, the best multi-cap mutual funds match the following investment objective – high growth opportunities with subdued market risk. Nevertheless, before investing in the best multi-cap mutual funds, investors must consider certain key aspects, like their ideal investment horizon, investment goal, and risk appetite.

As noted above, different schemes come with varied asset allocations. Hence, investors must pick an option out of the top multi-cap funds best suited for achieving their financial goals.

Major Advantages

  • Portfolio diversification: Multi-cap funds invest in large, small, and mid-cap companies across different sectors. This diversification of the portfolio minimises the associated risk for investors. 
  • Liquidity: Investors can sell multi-cap fund units as per their requirements. It’s simple and quick. The amount will be credited to an investor’s linked bank account within a business day. 
  • Buying options: Both lump-sum and SIP investment modes are available for multi-cap funds. Investors can buy units any way it’s convenient for them. 
  • Optimum returns: Fund managers can constantly update a particular multi-cap mutual fund portfolio to maximise returns and minimise risks because of asset allocation flexibility.

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Mahindra Manulife Multi Cap Badhat Yojana Direct Growth

Fund Performance: The Mahindra Manulife Multi Cap Badhat Yojana Fund has given 24.33% annualized returns in the past three years and 16.42% in the last 5 years. The Mahindra Manulife Multi Cap Badhat Yojana Fund belongs to the Equity category of Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Mahindra Manulife Multi Cap Badhat Yojana Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹1,388Cr
1Y Returns0.9%

Baroda BNP Paribas Multi Cap Fund Direct Growth

Fund Performance: The Baroda BNP Paribas Multi Cap Fund has given 20.25% annualized returns in the past three years and 12.45% in the last 5 years. The Baroda BNP Paribas Multi Cap Fund belongs to the Equity category of Baroda Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Baroda BNP Paribas Multi Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹1,694Cr
1Y Returns-2.2%

BNP Paribas Multi Cap Fund Direct Growth

Fund Performance: The BNP Paribas Multi Cap Fund has given 19.42% annualized returns in the past three years and 15.26% in the last 5 years. The BNP Paribas Multi Cap Fund belongs to the Equity category of BNP Paribas Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in BNP Paribas Multi Cap Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt₹5,000
AUM₹562Cr
1Y Returns20.5%

Quant Active Fund Direct Growth

Fund Performance: The Quant Active Fund has given 36.21% annualized returns in the past three years and 22.89% in the last 5 years. The Quant Active Fund belongs to the Equity category of Quant Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Quant Active Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹2,857Cr
1Y Returns7.8%

Nippon India Multi Cap Fund Direct Growth

Fund Performance: The Nippon India Multi Cap Fund has given 20.17% annualized returns in the past three years and 13.83% in the last 5 years. The Nippon India Multi Cap Fund belongs to the Equity category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Multi Cap Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹13,224Cr
1Y Returns10.7%

Sundaram Multi Cap Fund Direct Growth

Fund Performance: The Sundaram Multi Cap Fund has given 19.33% annualized returns in the past three years and 11.92% in the last 5 years. The Sundaram Multi Cap Fund belongs to the Equity category of Sundaram Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Sundaram Multi Cap Fund via lump sum is ₹300 and via SIP is ₹100.

Min Investment Amt₹300
AUM₹1,903Cr
1Y Returns0.2%

Invesco India Multicap Fund Direct Growth

Fund Performance: The Invesco India Multicap Fund has given 19.31% annualized returns in the past three years and 12.37% in the last 5 years. The Invesco India Multicap Fund belongs to the Equity category of Invesco Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Invesco India Multicap Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹2,192Cr
1Y Returns-3.4%

ICICI Prudential Multicap Fund Direct Plan Growth

Fund Performance: The ICICI Prudential Multicap Fund has given 16.83% annualized returns in the past three years and 12.59% in the last 5 years. The ICICI Prudential Multicap Fund belongs to the Equity category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Multicap Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt₹5,000
AUM₹6,875Cr
1Y Returns0.3%

UTI Focussed Equity Fund Series VI (1150 Days) Direct Growth

Fund Performance: The UTI Focussed Equity Fund belongs to the Equity category of UTI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in UTI Focussed Equity Fund via lump sum is ₹5,000 and via SIP is ₹0.

Min Investment Amt₹5,000
AUM₹410Cr
1Y Returns63.0%

ITI Multi Cap Fund Direct Growth

Fund Performance: The ITI Multi Cap Fund belongs to the Equity category of ITI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ITI Multi Cap Fund via lump sum is ₹1,000 and via SIP is ₹500.

Min Investment Amt₹1,000
AUM₹440Cr
1Y Returns-6.4%

UTI Focussed Equity Fund Series I (2195 Days) Direct Growth

Fund Performance: The UTI Focussed Equity Fund has given 2.93% annualized returns in the past three years and 8.87% in the last 5 years. The UTI Focussed Equity Fund belongs to the Equity category of UTI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in UTI Focussed Equity Fund via lump sum is ₹10,000 and via SIP is ₹0.

Min Investment Amt₹10,000
AUM₹100Cr
1Y Returns14.0%

Sundaram Equity Fund Direct Growth

Fund Performance: The Sundaram Equity Fund belongs to the Equity category of Sundaram Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Sundaram Equity Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt₹100
AUM₹828Cr
1Y Returns41.4%

Aditya Birla Sun Life Multi Cap Fund Direct Growth

Fund Performance: The Aditya Birla Sun Life Multi-Cap Fund belongs to the Equity category of Aditya Birla Sun Life Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Multi-Cap Fund via lump sum is ₹500 and via SIP is ₹500.

Min Investment Amt₹500
AUM₹3,755Cr
1Y Returns-2.1%

IDFC Multi Cap Fund Direct Growth

Fund Performance: The IDFC Multi Cap Fund belongs to the Equity category of IDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in IDFC Multi Cap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹1,101Cr
1Y ReturnsNA

Axis Multicap Fund Direct Growth

Fund Performance: The Axis Multicap Fund belongs to the Equity category of Axis Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Axis Multicap Fund via lump sum is ₹5,000 and via SIP is ₹1,000.

Min Investment Amt₹5,000
AUM₹5,540Cr
1Y ReturnsNA

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