Find unbiased list of Top 10 Multi Cap Equity Funds in India 2024. This list will help you grow your investment fast compared to normal saving account investment.
In this Article, We will discuss about Best Multi Cap Equity Funds available for Investment in India for 2024. And we will analyze in-depth performance of these list of Multi Cap Equity Funds.
What are Multi Cap Equity Funds?
These are wide-ranging mutual funds which may invest in stocks across capitalization. In alternative words, they’re capitalization agnostic. These funds resort to portfolio gyrations corresponding with the market condition.
These funds invest in stocks across capitalization. That is, their portfolio includes of large cap, midcap and small cap stocks. They’re comparatively less risky compared to a pure middle cap or a small cap fund and are appropriate for not-so-aggressive investors.
Funds in alternative categories like large-cap, mid-cap, small-cap, multi-cap, have restriction mandates and are strained to stay to the businesses that are outlined by their portfolio.
As an example, a large-cap fund won’t be able to invest in middle and small cap stocks even though the valuations in these market may appear remunerative.
Similarly, a middle-cap fund is forced to stay endowed in mid and small cap stocks even once the market isn’t activity up to the mark. In such a situation a multi-cap fund works intent on be a far better alternative for the capitalist.
Therefore, within the long-term, multi-cap funds are typically higher wealth creators than alternative classes of funds as they will benefit of investment opportunities across the market. Further, returns from the multi-cap class are similar to mid-cap category over the long run that comes with lesser volatility.
More about Multi Cap Equity Funds
Investors who are moderate risk-takers, and who don’t have the inclination to analysis on a particular fund within the market, could take into account investment in multi-cap schemes for semi permanent wealth creation.
As already mentioned above, these funds have the potential to supply superior returns as capitalization, however provide lesser returns in comparison to middle and small-capitalization funds.
Therefore, if you have got an exposure to multi-cap fund, you’ll have exposure to firms of various sizes and you’ll be moderately wide-ranging with simplicity.
- SIP should be continued for a minimum period of 5 years to get the highest return.
- Never leave the exciting SIPs for low returns.
- Move from debt funds to fixed deposits for certain returns.
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Ranking of Top 10 Multi Cap Equity Funds in India:
| Rank | Name of the Small cap Fund | 1 Yr. Return | 3 yr Return |
| 1 | Axis Focused 25 Direct-G | 2.74% | 15.45% |
| 2 | Mirae Asset India Equity Fund Direct-Growth | -0.96% | 14.54% |
| 3 | Principal Multi Cap Growth Fund Direct-Growth | -8.03% | 14.12% |
| 4 | Aditya Birla SL Equity Direct-G | -4.22% | 13.63% |
| 5 | Kotak Standard Multicap Direct-G | -2.19% | 13.28% |
| 6 | Reliance Capital Builder Fund II Ser B Direct-G | -4.28% | 13.16% |
| 7 | Sundaram Value Fund Sr II Direct-G | -3.41% | 13.13% |
| 8 | SBI Equity Opportunities Fund Series IV Direct-G | -11.03% | 13.12% |
| 9 | IDFC Focused Equity Direct-G | -7.07% | 13.00% |
| 10 | ICICI PruMulticap Direct-G | 2.43% | 12.34% |
What are Multi-Cap Funds?
Best Multi cap funds invest in equity shares of corporations that belong to totally different capitalization. Rather than sticking out to a selected capitalization, these funds incorporate capitalization, middle cap and small cap stocks within the portfolio during a specific proportion.
As compared to pure middle cap/small cap funds, these funds are less risky and well-liked among investors who are less aggressive regarding returns. The fund manager is well-positioned to select stocks across capitalization and sectors as per his outlook of the market.
The capitalist, thus, might keep free from anxieties concerning chasing the action or missing out on rallies during an explicit sphere of the market.
Details of Multi Cap Funds
Apart from stock-picking, the fund manager keeps shift holdings within the fund between capitalization, middle and small-capitalization stocks as he deems match, supported market movements.
Exploitation the leeway, the fund managers tend to possess an oversized cap bias and continue increasing or decreasing their mid-cap holdings by little margin as and once market conditions amendment.
Since these funds are endowed in multi-cap corporations, throughout a Bull Run they deliver prodigious returns, generally even outperforming the pure large/mid cap funds.
This happens as a result of, throughout a market, the underlying stocks within the funds are able to unlock their values and faucet into the expansion opportunities.
Details of Best Multi Cap Equity Funds of 2024
The below-mentioned mutual funds are in the list of top 10 funds which you can consider for your next investment.
Axis Focused 25 Direct Fund – G Fund:
In the Indian markets with key theme focus are raising firms. To generate future capital appreciation by investment in a much focused portfolio of equity & equity connected instruments of up to twenty-five firms.
This fund for Multi cap to invest was launch on Feb 01, 2013 with a benchmark “Nifty 50” the Minimum Investment is of Rs.5000 in this company. The asset size of this fund is Rs. 272.83 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | -0.047 |
| 1st year | 2. 74% |
| 3rd year | 0.1545 |
Mirae Asset India Equity Fund Direct Fund – GrowthFund:
To generate future capital appreciation by capitalizing on potential investment opportunities through preponderant finance in equities, equity connected securities.
This fund for Multi-cap to invest was launch on Feb 01, 2013 with a benchmark “S&P BSE 200” the Minimum Investment is of Rs.5000 in this company. The asset size of this fund is Rs. 2387. 52 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | 2.40% |
| 1st year | -0.96% |
| 3rd year | 14. 54% |
Principal Multi Cap Growth Fund Direct Fund – Growth Fund
To achieve long term capital appreciation, the investment objective of the theme is going to be completed.
This fund for Multi cap to invest was launch on Jan 01, 2013 with a benchmark “Nifty 500” the Minimum Investment is of Rs.5000 in this company. The asset size of this fund is Rs 46. 48 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | 2.40% |
| 1st year | -0.96% |
| 3rd year | 14. 54% |
Aditya Birla SL Equity Direct Fund – GFund:
An Open-ended growth theme with the target of long run growth of capital, through a portfolio with a target allocation of 90th equity and 100% debt and money market securities.
This fund for Multi cap to invest was launch on Feb 01, 2013 with a benchmark “S&P BSE 200” the Minimum Investment is of Rs.1000 in this company.
The asset size of this fund is Rs. 1808.09 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | -0.40% |
| 1st year | -4. 22% |
| 3rd year | 13.63% |
Kotak Standard Multicap Direct Fund – GFund:
The investment objective of the theme is to get long-term capital appreciation from a portfolio of equity and equity related securities, usually targeted on many selected sectors.
This fund for Multi cap to invest was launch on Jan 01, 2013 with a benchmark “Nifty 200” the Minimum Investment is of Rs.5000 in this company.
The asset size of this fund is Rs. 5210.6 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | 0.30% |
| 1st year | -2.19% |
| 3rd year | 13.28% |
Reliance Capital Builder Fund II Ser B Direct Fund – GFund:
The investment objective of the theme is to supply capital appreciation to the investors, which is able to be in line with their long run savings goal, by finance during a distributed portfolio of equity & equity connected instruments with little exposure to fastened financial gain securities.
Although, the target of the Fund is to come up with optimum returns, the target might or might not be achieved.
This fund for Multi cap to invest was launch on Mar 01, 2015 with a benchmark “S&P BSE 200” the Minimum Investment is of Rs.5000 in this company.
The asset size of this fund is Rs. 4.8 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | 1.00% |
| 1st year | -4.28% |
| 3rd year | 13.16% |
Sundaram Value Fund Sr II Direct Fund – GFund:
This fund for Multi cap to invest was launch on Jan 29, 2015 with a benchmark “S&P BSE 500” the Minimum Investment is of Rs.5000 in this company.
The asset size of this fund is Rs. 1.43 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | 1.00% |
| 1st year | -4.28% |
| 3rd year | 13.16% |
SBI Equity Opportunities Fund Series IV Direct Fund – G:
The investment objective of the theme is to come up with capital appreciation from a heterogenous portfolio of equity & equity connected instruments.
This fund for Multi cap to invest was launch on Oct 21, 2015 with a benchmark “S&P BSE 500” the Minimum Investment is of Rs.500 in this company.
The asset size of this fund is Rs. 4.46 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | -7.50% |
| 1st year | -11.03% |
| 3rd year | 13.12% |
IDFC Focused Equity Direct Fund – G:
This fund for Multi cap to invest was launch on Jan 01, 2013 with a benchmark “Nifty 50” the Minimum Investment is of Rs.5000 in this company.
The asset size of this fund is Rs. 275.05 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | -10.70% |
| 1st year | -7.07% |
| 3rd year | 13% |
ICICI PruMulticap Direct Fund – GFund:
To generate capital appreciation through investments in equity & equity connected instrument across large cap, middle cap and small cap stocks of varied industries.
However, there may be no assurance or guarantee that the investment objective of the scheme would be achieved.
This fund for Multi cap to invest was launch on Jan 01, 2013 with a benchmark “S&P BSE 500” the Minimum Investment is of Rs.5000 in this company.
The asset size of this fund is Rs. 498. 43 Cr. and date is Sep. 2021.
The returns are as follows:
| 6th month | 2.30% |
| 1st year | 2. 43% |
| 3rd year | 12. 34% |
Multi-Cap Equity Funds in India that every investor should know
Before one invests, there’s continuously a dilemma with reference to the category of Mutual Funds one ought to invest in. Do you have to select large-cap, mid-cap, small-cap, multi-cap, or sectoral funds? One should understand that every category comes with its own advantage and drawbacks.
Whereas large-cap funds offer higher stability to your portfolio, mid-cap, and small-cap funds offer exceptionally high returns. Sectoral funds will augment the gains if a selected sector is playing exceptionally well.
Nevertheless, one fund category that stands out among the multitude because of its appreciable flexibility is the multi-cap category.
Multi Cap Equity Funds has various Pros & Cons
In different words, multi-cap funds area unit wide-ranging equity funds that invest in stocks of firms with completely different market capitalizations. The investments area unit tired varied proportions to satisfy the investment objective of the fund.
A multi-cap open-end investment company scheme is supposed for investors with a moderate risk appetency. Since the scheme additionally invests in middle or small-cap stocks, it’s riskier than large-cap schemes that invest preponderantly in terribly large firms.
However, due to the exposure to middle and small-cap stocks, multi-cap schemes are relatively riskier and might additionally provide higher returns.
Advisors would additionally tell you that you simply should invest preponderantly in multi-cap schemes if you have got a moderate risk portfolio.
Further, fund composition plays an important role associated an impulsive call can endanger your returns. It is sensible to speculate in multiple funds, thus you have got a various choice of little and mid-cap funds in your portfolio.
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