Best Multi Cap Mutual Funds

Multi-cap mutual fund schemes have been a favorite of mutual fund advisers for long. Many mutual fund experts believe that a regular investor need not look beyond amulti-capp scheme for his or her investment needs, as these schemes invest across market capitalization and sectors.

Multi-cap funds offer the fund manager the freedom to invest across large-cap, mid-cap and small-cap stocks.

A multi cap mutual fund scheme is meant for investors with a moderate risk appetite.

Since the scheme also invests in mid or small cap stocks, it is riskier than large cap schemes that invest predominantly in very large companies.

However, because of the exposure to mid and small cap stocks, multi-cap schemes are comparatively riskier and can also offer higher returns. Lets look into the top multi cap fund to invest in 2018.

Multi Cap Equity funds are type of mutual funds that commonly known for investing across different segments of companies categorized into small, mid and large caps. Small size companies fall under small cap whereas other go for medium or large cap companies depending on the amount of value they have in stock markets.

Equity Multi Cap funds are also known as diversified funds and are suitable for first-time investors. Equity Multi Cap funds are relatively less risky compared to a pure mid cap or small cap funds as the risk is distributed well over all the market.

It has returns that are taxed at 15% if sold before one year, post this period a 10% tax is applicable on the gains.

Purpose: If you are new-bee in investment realm, try out this fund to get a good returns with an average risk.

Top 10 Multi Cap Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Mirae Asset India Equity FundEquityModerately High2.9%5star9,033
ICICI Prudential Multicap FundEquityModerately High5.3%5star2,920
Kotak Standard Multi Cap FundEquityModerately High1.4%4star20,100
Parag Parikh Long Term Equity FundEquity Moderately High3.1%4star1,334
SBI Magnum Multi Cap FundEquityModerately High-2.2%4star4,086
UTI Equity FundEquityModerately High5.9%4star7,970
Aditya Birla Sun Life Equity FundEquityModerately High-0.3%4star9,519
Principal Growth FundEquityModerately High-4.5%4star798
Axis Multicap FundEquityModerately HighN.A4star2,812
HSBC India Opportunities FundEquityModerately High-4.5%3star539
HDFC Equity FundEquityModerately High-1.0%3star20,133
Motilal Oswal Multicap 35 FundEquityModerately High-3.1%3star12,236
Franklin India Prima PlusEquityModerately High-1.3%3star10,956
Aditya Birla Sun Life Special Situations FundEquityHigh16.6%3star179
Invesco India Multi Cap FundEquityModerately High-6.2%3star665
View All Top 10 Multi Cap Mutual Funds

Let's have a closer look

Now let us jump and check about these top 10 mutual fund schemes.

Mirae Asset India Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 15.56% annualized returns in the last 3 years. In the last 1 year, it gave 2.87% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 2.87% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelesh Surana, Harshad Borawake

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM9,033Cr
1Y Returns2.9%

ICICI Prudential Multicap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 12.97% annualized returns in the last 3 years. In the last 1 year, it gave 5.26% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.26% returns in the last 1 year. Groww rated this fund as 5 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Atul Patel, George Heber Joseph

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating5star
AUM2,920Cr
1Y Returns5.3%

Kotak Standard Multi Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 14.27% annualized returns in the last 3 years. In the last 1 year, it gave 1.39% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 1.39% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Harsha Upadhyaya

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM20,100Cr
1Y Returns1.4%

Parag Parikh Long Term Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 11.69% annualized returns in the last 3 years. In the last 1 year, it gave 3.14% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 3.14% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Raunak Onkar, Rajeev Thakkar, Raj Mehta

Launch Date23 May 2013
Min Investment Amt1,000
Groww Rating4star
AUM1,334Cr
1Y Returns3.1%

SBI Magnum Multi Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 12.96% annualized returns in the last 3 years. In the last 1 year, it gave -2.21% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -2.21% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anup Upadhyay

Launch Date3 Jan 2013
Min Investment Amt1,000
Groww Rating4star
AUM4,086Cr
1Y Returns-2.2%

UTI Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 10.64% annualized returns in the last 3 years. In the last 1 year, it gave 5.89% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.89% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Ajay Tyagi

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM7,970Cr
1Y Returns5.9%

Aditya Birla Sun Life Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 14.83% annualized returns in the last 3 years. In the last 1 year, it gave -0.25% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -0.25% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anil Shah

Launch Date31 Dec 2012
Min Investment Amt500
Groww Rating4star
AUM9,519Cr
1Y Returns-0.3%

Principal Growth Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 14.61% annualized returns in the last 3 years. In the last 1 year, it gave -4.46% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.46% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: P V K Mohan

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating4star
AUM798Cr
1Y Returns-4.5%

Axis Multicap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided -100% annualized returns in the last 3 years. In the last 1 year, it gave -100% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -100% returns in the last 1 year. Groww rated this fund as 4 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Jinesh Gopani, Shreyash Devalkar

Launch Date12 Nov 2017
Min Investment Amt5,000
Groww Rating4star
AUM2,812Cr
1Y Returns-100.0%

HSBC India Opportunities Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 11.42% annualized returns in the last 3 years. In the last 1 year, it gave -4.48% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -4.48% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Neelotpal Sahai

Launch Date31 Dec 2012
Min Investment Amt10,000
Groww Rating3star
AUM539Cr
1Y Returns-4.5%

HDFC Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 12.67% annualized returns in the last 3 years. In the last 1 year, it gave -1.04% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.04% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Prashant Jain

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM20,133Cr
1Y Returns-1.0%

Motilal Oswal Multicap 35 Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 13.81% annualized returns in the last 3 years. In the last 1 year, it gave -3.11% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -3.11% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Abhiroop Mukherjee, Gautam Sinha Roy, Siddharth Bothra, Swapnil P Mayekar

Launch Date27 Apr 2014
Min Investment Amt5,000
Groww Rating3star
AUM12,236Cr
1Y Returns-3.1%

Franklin India Prima Plus - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 10.43% annualized returns in the last 3 years. In the last 1 year, it gave -1.3% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -1.3% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Anand Radhakrishnan, R Janakiraman, Srikesh Nair

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM10,956Cr
1Y Returns-1.3%

Aditya Birla Sun Life Equity Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 15% annualized returns in the last 3 years. In the last 1 year, it gave 16.59% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 16.59% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Satyabrata Mohanty

Launch Date31 Dec 2012
Min Investment Amt1,000
Groww Rating3star
AUM179Cr
1Y Returns16.6%

Invesco India Multi Cap Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Multi Cap segment and provided 11.38% annualized returns in the last 3 years. In the last 1 year, it gave -6.16% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided -6.16% returns in the last 1 year. Groww rated this fund as 3 Star. This is one of the best Equity mutual fund in India.

Fund Manager: Vinay Paharia

Launch Date31 Dec 2012
Min Investment Amt5,000
Groww Rating3star
AUM665Cr
1Y Returns-6.2%

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Should you be investing in Multi Cap Mutual Funds?

Multi Cap funds are funds which invest a major component of investor’s money in all sizes of companies - large, small and mid. These funds have an objective of seeking capital appreciation through investment in high growth stocks. Investing in Multi Cap funds gives investors a chance of earning very high returns which usually range between 15-20% and it is not uncommon for them to go as high as 25% and even 30% in some cases in the long term but the tenure of investment also needs to be considerably large to avoid any losses in short term due to normal fluctuations and movements in business cycles. Multi Cap funds are suitable for investors who are willing to take average amount of risk with their capital, have longer time horizon for their investments and are looking for higher returns compared to bluechip companies. Yes, you can definitely invest in Multi Cap funds if your investment criteria matches with the above stated objectives and you already have investments in other large and mid cap funds or in other asset classes like fixed deposits, gold, real estate etc. Also it is advisable to invest through SIP route as you will be able to derive the benefits of rupee cost averaging, your investment will not be skewed towards one side in the economic cycle and you can invest a part of your income every month without feeling any financial burden.

How to invest in Multi Cap Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

How long does it take to start investing in multi cap mutual funds if I do not have a KYC?

It is not possible for any investor to start investing in mutual funds without having completed the KYC process. Under the Prevention of Money Laundering Act (PMLA), Know Your Customer (KYC) norms have been mandated to track the legality of funds used in an investment. KYC is a one-time process which every first-time mutual fund investor needs to follow, to be able to invest in a mutual fund. KYC process on Groww can be completed in 2-3 days. KYC can be completed online with the help of E-KYC or electronic KYC. E-KYC Aadhar (based on OTP) : Investor can use online KYC facility using just the aadhar card number and PAN number, by visiting the website and following the easy process. After entering relevant details like aadhar and PAN number, investor will receive an OTP and KYC will be completed instantly. However, one can invest only up to ₹50,000 per fund house per year under this method.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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