Multi Cap Mutual Funds
At least 25% each in large, mid and small caps — the split is mandatory.
Flexi cap's disciplined cousin. SEBI forces a real allocation to mid and small caps, so it cannot quietly become a large-cap fund in a nervous market. More small-cap exposure than most investors realise.
Who it suits. Investors who want guaranteed exposure across the whole market rather than a manager's changing view. Hold for 7 years or more.
Regular plans in this category
- Nippon India Multi Cap FundNippon India Mutual Fund · NAV ₹305.69 0.8% 14.5% 18.6%
- Mahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund · NAV ₹40.40 12.7% 17.7% 16.4%
- ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund · NAV ₹880.83 9.3% 17.5% 16.1%
- Baroda BNP Paribas Multi Cap FundBaroda BNP Paribas Mutual Fund · NAV ₹301.57 4.4% 15.5% 14.3%
- ITI Multi Cap FundITI Mutual Fund · NAV ₹26.56 12.6% 17.7% 14.2%
- Aditya Birla Sun Life Multi-Cap FundAditya Birla Sun Life Mutual Fund · NAV ₹21.59 9.5% 15.1% 13.3%
- Invesco India Multicap FundInvesco Mutual Fund · NAV ₹134.31 1.5% 14.1% 12.4%
- Quant Multi Cap Fundquant Mutual Fund · NAV ₹664.09 7.5% 10.5% 12.4%
- Axis Multicap FundAxis Mutual Fund · NAV ₹19.90 11.1% 20.6% —
- BANDHAN MULTI CAP FUNDBandhan Mutual Fund · NAV ₹17.73 3.0% 13.4% —
- BANK OF INDIA MULTI CAP FUNDBank of India Mutual Fund · NAV ₹20.18 12.5% 18.5% —
- Bajaj Finserv Multi Cap FundBajaj Finserv Mutual Fund · NAV ₹12.42 — — —
- Canara Robeco Multi Cap FundCanara Robeco Mutual Fund · NAV ₹15.25 4.2% 14.9% —
- DSP Multi Cap FundDSP Mutual Fund · NAV ₹12.51 — — —
- Edelweiss Multi Cap FundEdelweiss Mutual Fund · NAV ₹16.21 — — —
- Franklin India Multi Cap FundFranklin Templeton Mutual Fund · NAV ₹11.10 — — —
- Groww Multicap FundGroww Mutual Fund · NAV ₹12.33 — — —
- HDFC Multi Cap FundHDFC Mutual Fund · NAV ₹19.05 0.4% 12.8% —
- HSBC Multi Cap FundHSBC Mutual Fund · NAV ₹20.62 9.5% 19.3% —
- Kotak Multi Cap FundKotak Mahindra Mutual Fund · NAV ₹20.32 6.7% 17.5% —
- LIC MF Multi Cap FundLIC Mutual Fund · NAV ₹18.83 10.7% 18.2% —
- Mirae Asset Multicap FundMirae Asset Mutual Fund · NAV ₹15.01 — — —
- PGIM India Multi Cap FundPGIM India Mutual Fund · NAV ₹10.82 — — —
- SBI MultiCap FundSBI Mutual Fund · NAV ₹17.60 1.9% 14.3% —
- Samco Multi Cap FundSamco Mutual Fund · NAV ₹8.93 — — —
- Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund)Sundaram Mutual Fund · NAV ₹402.15 4.2% 14.3% —
- TATA MULTICAP FUNDTata Mutual Fund · NAV ₹15.57 8.9% 10.6% —
- TRUSTMF MULTI CAP FUNDTrust Mutual Fund · NAV ₹12.02 — — —
- UTI Multi Cap FundUTI Mutual Fund · NAV ₹10.80 — — —
- Union Multicap FundUnion Mutual Fund · NAV ₹17.84 11.9% 15.7% —
- WhiteOak Capital Multi Cap FundWhiteOak Capital Mutual Fund · NAV ₹16.44 — — —
Point-to-point CAGR from AMFI NAV history, Regular plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Other categories
Questions people ask
What is a Multi Cap fund?
At least 25% each in large, mid and small caps — the split is mandatory. Flexi cap's disciplined cousin. SEBI forces a real allocation to mid and small caps, so it cannot quietly become a large-cap fund in a nervous market. More small-cap exposure than most investors realise.
Who should invest in Multi Cap funds?
Investors who want guaranteed exposure across the whole market rather than a manager's changing view. A sensible holding period is 7 years or more.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.