HDFC Multi Cap Fund vs Nippon India Multi Cap Fund
Over the last 3 years, Nippon India Multi Cap Fund returned 13.5% a year against 11.9% for HDFC Multi Cap Fund (Direct plans). Nippon India Multi Cap Fund costs less (0.89% a year, Direct). They hold 41 stocks in common; the portfolio overlap is 36%. Data as of 5 Nov 2026.
| HDFC Multi Cap Fund | Nippon India Multi Cap Fund | |
|---|---|---|
| Category | Multi Cap | Multi Cap |
| Fund house | HDFC Mutual Fund | Nippon India Mutual Fund |
| Benchmark (TRI) | NIFTY500 Multicap 50:25:25 | NIFTY500 Multicap 50:25:25 |
| Age | 4.9 years | 13.8 years |
| AUM | ₹20,439 cr | ₹55,566 cr |
| Direct plan | ||
| Rating | C | B |
| Expense ratio | 0.96% | 0.89% |
| 1Y return | -4.0% | -2.4% |
| 3Y return (a year) | 11.9% | 13.5% |
| 5Y return (a year) | – | 15.4% |
| 3Y vs index | -1.0% | +0.6% |
| Regular plan | ||
| Rating | C | B |
| Expense ratio | 1.79% | 1.62% |
| 1Y return | -4.9% | -3.1% |
| 3Y return (a year) | 10.8% | 12.6% |
| 5Y return (a year) | – | 14.5% |
| 3Y vs index | -2.1% | -0.3% |
| Risk and portfolio | ||
| Volatility, 3Y | 15.5% | 15.0% |
| Max fall, 5Y | -20.2% | -18.6% |
| Down capture, 3Y | 100 | 86 |
| Stocks held | 119 | 120 |
| Top 10 holdings | 24% | 28% |
Common questions
HDFC Multi Cap Fund or Nippon India Multi Cap Fund: which has done better?
Over the last 3 years, Nippon India Multi Cap Fund returned 13.5% a year against 11.9% for HDFC Multi Cap Fund (Direct plans).
How much do HDFC Multi Cap Fund and Nippon India Multi Cap Fund overlap?
They hold 41 stocks in common; the portfolio overlap is 36%.
Should I hold both?
Two funds with a high overlap add little diversification. Check how they fit your goal and the rest of your portfolio; we can help.
Past performance does not guarantee future returns. This comparison is not a recommendation to buy or sell either fund.