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)
Kotak Standard Multi Cap FundEquityModerately High15.2%5star29,598
Motilal Oswal Multicap 35 FundEquityModerately High9.8%5star13,131
Aditya Birla Sun Life Equity FundEquityModerately High12.7%4star11,856
ICICI Prudential Retirement FundEquityModerately HighN.A4star67
Motilal Oswal Nifty 500 FundEquityModerately HighN.A4star24
SBI Magnum Multi Cap FundEquityModerately High13.6%4star8,480
Canara Robeco Equity DiversifiedEquityModerately High14.5%4star1,634
JM Multi Cap FundEquityModerately High19.3%4star143
Axis Multicap FundEquityModerately High19.6%4star5,401
Aditya Birla Sun Life Retirement FundEquityModerately HighN.A4star124
ICICI Prudential Multicap FundEquityModerately High9.7%4star4,745
Edelweiss Multi Cap FundEquityHigh11.5%4star518
Parag Parikh Long Term Equity FundEquityModerately High17.4%4star2,585
Mirae Asset Focused FundEquityModerately HighN.A4star2,428
Kotak Focused Equity FundEquityModerately HighN.A4star1,520
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.

Kotak Standard Multicap Fund Direct Growth

Fund Performance: This fund has given 14.58% annualized returns in the last three years. In the last year, its returns were 15.18%. 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 15.18% 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
AUM29,598Cr
1Y Returns15.2%

Motilal Oswal Multicap 35 Fund Direct Growth

Fund Performance: This fund has given 11.54% annualized returns in the last three years. In the last year, its returns were 9.85%. 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 9.85% 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
AUM13,131Cr
1Y Returns9.8%

Aditya Birla Sun Life Equity Fund Direct Growth

Fund Performance: This fund has given 11.67% annualized returns in the last three years. In the last year, its returns were 12.67%. 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 12.67% 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
AUM11,856Cr
1Y Returns12.7%

ICICI Prudential Retirement Fund Pure Equity Plan Direct Growth

Fund Performance: This fund has given NA annualized returns in the last three years. 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 ₹5,000. .

Min Investment Amt₹5,000
AUM67Cr
1Y ReturnsNA

Motilal Oswal Nifty 500 Fund Direct Growth

Fund Performance: This fund has given NA annualized returns in the last three years. 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
AUM24Cr
1Y ReturnsNA

SBI Magnum MultiCap Fund Direct Growth

Fund Performance: This fund has given 13.32% annualized returns in the last three years. In the last year, its returns were 13.61%. 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 13.61% 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
AUM8,480Cr
1Y Returns13.6%

Canara Robeco Equity Diversified Fund Direct Growth

Fund Performance: This fund has given 15.82% annualized returns in the last three years. In the last year, its returns were 14.48%. 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 14.48% 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
AUM1,634Cr
1Y Returns14.5%

JM Multicap Fund Direct Plan Growth

Fund Performance: This fund has given 14.34% annualized returns in the last three years. In the last year, its returns were 19.32%. 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 19.32% 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
AUM143Cr
1Y Returns19.3%

Axis Multicap Fund Direct Growth

Fund Performance: This fund has given NA annualized returns in the last three years. In the last year, its returns were 19.64%. 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 19.64% 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
AUM5,401Cr
1Y Returns19.6%

Aditya Birla Sun Life Retirement Fund The 30s Plan Direct Growth

Fund Performance: This fund has given NA annualized returns in the last three years. 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 ₹1,000. Minimum SIP investment amount required for this scheme is ₹500.

Min Investment Amt₹1,000
AUM124Cr
1Y ReturnsNA

ICICI Prudential Multicap Fund Direct Plan Growth

Fund Performance: This fund has given 11.45% annualized returns in the last three years. In the last year, its returns were 9.66%. 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 9.66% 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
AUM4,745Cr
1Y Returns9.7%

Edelweiss Multi Cap Fund Direct Growth

Fund Performance: This fund has given 15.1% annualized returns in the last three years. In the last year, its returns were 11.47%. 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 11.47% 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
AUM518Cr
1Y Returns11.5%

Parag Parikh Long Term Equity Fund Direct Growth

Fund Performance: This fund has given 15.07% annualized returns in the last three years. In the last year, its returns were 17.39%. 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 17.39% 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 ₹1,000.

Min Investment Amt₹1,000
AUM2,585Cr
1Y Returns17.4%

Mirae Asset Focused Fund Direct Growth

Fund Performance: This fund has given NA annualized returns in the last three years. 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 ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM2,428Cr
1Y ReturnsNA

Kotak Focused Equity Fund Direct Growth

Fund Performance: This fund has given NA annualized returns in the last three years. 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 ₹5,000. Minimum SIP investment amount required for this scheme is ₹1,000.

Min Investment Amt₹5,000
AUM1,520Cr
1Y ReturnsNA

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