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Best Multi Cap Mutual Funds

Multicap mutual funds are investment options that deal with stocks of large, mid, and small-cap stocks in a specific proportion, instead of investing in a particular type all at once. These are ideal for investors with a low-risk appetite, as the best multi-cap mutual funds of 2019 are less risky compared to pure mid-cap or small-cap funds.

Based on such end-usage benefits, these funds are considered ‘market capitalization agnostic.’ This feature is one of several which makes these schemes more sought after. Recently, SEBI has re-categorized most MFs in the domestic market. A lot of stress has shifted from the long and mid-cap segments, leaving multi-cap MFs in the green.

Most multicap funds perform well due to the varied investment opportunities provided. Unlike other categories, all of the best multicap mutual funds can be invested across sectors. These schemes can easily be switched across diverse industry segments and market capitalizations.

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Top 10 Multi Cap Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
Quant Active FundEquityVery High96.5%5star736
Mahindra Badhat YojanaEquityVery High70.0%4star597
Invesco India Multi Cap FundEquityVery High70.6%3star1,409
Baroda Pioneer Growth FundEquityVery High60.0%3star1,044
Principal Growth FundEquityVery High59.0%3star775
ICICI Prudential Multicap FundEquityVery High62.8%3star6,159
BNP Paribas Multi Cap FundEquityVery High57.5%2star560
Nippon India Multi Cap FundEquityVery High70.4%1star9,809
Aditya Birla Sun Life Multi-Cap FundEquityVery HighN.Astar2,342
Sundaram Equity FundEquityVery High58.7%star749
ITI Multi Cap FundEquityModerately High51.9%star259
View All Top 10 Multi Cap Mutual Funds

Features of Multi-Cap Mutual Fund

Like all investment options, the purpose of these funds is to create an alternate source of income and help reach an individual’s financial goal.

The following are the primary purposes and features which make multicap mutual funds special.

  • Enables retail and wholesale investors to put significant sums in large, medium and small market capitalization industries. The best multicap funds of 2019 allow an investor to distribute their wealth over a diverse portfolio to lower the risk.
  • These schemes do not run for as long as large-cap Funds; neither do they have the characteristic time constraints of Small Cap Fund options. Multicap funds are ideal for new investors as it invests across a diverse portfolio to lower market risks.
  • It allows risk-averse investors to enter the market thanks to its relatively low financial risk. Investors can retain the value of their investment for a significantly longer time if they invest in multicap mutual funds along with Flexi-cap and small-cap mutual funds.

Taxability

SEBI’s recent moves to expand the inflow of investments have led to some confusion on the taxation issues that bind Mutual Funds. Some MFs have merged with each other to form bigger funds. However, that does not alter the taxation issues in the schemes per se.

A specific ‘grandfathering’ clause has been added in the Union Budget this year (2019) which prevents any taxation on gains made on Mutual Funds till 31 January, 2018. All wealth made before this deadline is exempt from LTCG (Long Term Capital Gains) Tax.

However, all gains made post January 31 is liable to be taxed. All gains up to Rs 1 Lakh are tax-exempt. The remaining amount will be subject to a 10% tax.

Who Are These Funds Suited For?

While all retail consumers can choose their individual best Multicap Mutual Funds to invest in 2019 according to their necessities and criteria, the following categories of investors must pay special attention.

  • Those who are averse to high-risk investments in Mutual Funds. Note that while risk and returns are often co-linked, having a high-yielding MF does not automatically translate into a high risk one.
  • Those investors who are looking to pour in significant sums in Large Cap schemes in the long run but do not have a financial plan in place currently.
  • Those who may not like to invest in Short Term MFs but are not looking for long-time financial commitments.

Major Advantages

The following are the major plus points these schemes carry.

  • Reduces the element of risk which prevents many retail customers from entering the Mutual Funds niche.
  • Sustainable returns for up to 7 years. This gives enough time for long term financial planning.
  • Helps in portfolio diversification.
  • Creates more investment opportunities across many market segments since the best Multicap Mutual Funds are spread out regardless of market capitalisation.

Let's have a closer look

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

Quant Active Fund Direct Growth

Fund Performance: This fund has given 28.99% annualized returns in the last three years. In the last year, its returns were 96.48%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 96.48% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM736Cr
1Y Returns96.5%

Mahindra Manulife Multi Cap Badhat Yojana Direct Growth

Fund Performance: This fund has given 21.55% annualized returns in the last three years. In the last year, its returns were 69.96%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 69.96% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹1,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹1,000
AUM597Cr
1Y Returns70.0%

Invesco India Multicap Fund Direct Growth

Fund Performance: This fund has given 16.91% annualized returns in the last three years. In the last year, its returns were 70.62%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 70.62% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹1,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹1,000
AUM1,409Cr
1Y Returns70.6%

Baroda Multi Cap Fund Direct Growth

Fund Performance: This fund has given 15.81% annualized returns in the last three years. In the last year, its returns were 60.01%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 60.01% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹5,000
AUM1,044Cr
1Y Returns60.0%

Principal Multi Cap Growth Fund Direct Growth

Fund Performance: This fund has given 14.74% annualized returns in the last three years. In the last year, its returns were 59.05%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 59.05% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹300. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹300
AUM775Cr
1Y Returns59.0%

ICICI Prudential Multicap Fund Direct Plan Growth

Fund Performance: This fund has given 14.21% annualized returns in the last three years. In the last year, its returns were 62.78%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 62.78% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹5,000
AUM6,159Cr
1Y Returns62.8%

BNP Paribas Multi Cap Fund Direct Growth

Fund Performance: This fund has given 16.69% annualized returns in the last three years. In the last year, its returns were 57.53%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 57.53% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹5,000. Minimum SIP investment amount required for this scheme is ₹300.

Min Investment Amt₹5,000
AUM560Cr
1Y Returns57.5%

Nippon India Multi Cap Fund Direct Growth

Fund Performance: This fund has given 12.93% annualized returns in the last three years. In the last year, its returns were 70.42%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 70.42% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹100. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹100
AUM9,809Cr
1Y Returns70.4%

Aditya Birla Sun Life Multi Cap Fund Direct Growth

Fund Performance: In the last year, its returns were NA. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing NA returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹500. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹500
AUM2,342Cr
1Y ReturnsNA

Sundaram Equity Fund Direct Growth

Fund Performance: In the last year, its returns were 58.73%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 58.73% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹100. Minimum SIP investment amount required for this scheme is ₹100.

Min Investment Amt₹100
AUM749Cr
1Y Returns58.7%

ITI Multi Cap Fund Direct Growth

Fund Performance: In the last year, its returns were 51.86%. It has continually hit its benchmark in the Equity segment.

Why to invest: It is one of the most remarkable Equity mutual funds in India. This fund has constantly outperformed other similar funds, providing 51.86% returns in the last one year. Minimum lump sum investment amount required to invest in this scheme is ₹1,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹1,000
AUM259Cr
1Y Returns51.9%

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