Mahindra Manulife Multi Cap Fund vs Nippon India Multi Cap Fund
Over the last 3 years, Mahindra Manulife Multi Cap Fund returned 18.4% a year against 14.0% for Nippon India Multi Cap Fund (Direct plans). In falling months, Nippon India Multi Cap Fund fell less: 86% of the index's fall, against 95%. Data as of 12 Nov 2026.
| Mahindra Manulife Multi Cap Fund | Nippon India Multi Cap Fund | |
|---|---|---|
| Category | Multi Cap | Multi Cap |
| Fund house | Mahindra Manulife Mutual Fund | Nippon India Mutual Fund |
| Benchmark | NIFTY500 Multicap 50:25:25 TRI | NIFTY500 Multicap 50:25:25 TRI |
| Age | 9.5 years | 13.9 years |
| AUM on 30 Oct 2026 | ₹7,338 cr | ₹52,443 cr |
| Direct plan | ||
| Rating | A | B |
| Expense ratio | 0.95% | 0.89% |
| 1Y return | 12.2% | 0.4% |
| 3Y return (a year) | 18.4% | 14.0% |
| 5Y return (a year) | 14.9% | 15.4% |
| 3Y vs index | +5.5% | +1.0% |
| Rating score, rank | 69 · #4 of 23 | 38 · #16 of 23 |
| Regular plan | ||
| Rating | A | B |
| Expense ratio | 2.18% | 1.62% |
| 1Y return | 10.7% | -0.3% |
| 3Y return (a year) | 16.8% | 13.1% |
| 5Y return (a year) | 13.2% | 14.5% |
| 3Y vs index | +3.8% | +0.1% |
| Rating score, rank | 69 · #4 of 23 | 44 · #15 of 23 |
| Consistency, risk and portfolio | ||
| Ahead of index, rolling 3Y periods | 100% | 100% |
| Deepest fall, 3Y | -20.2% | -18.6% |
| Volatility, 3Y | 16.2% | 15.1% |
| Max fall, 5Y | -20.6% | -18.6% |
| Down capture, 3Y | 95 | 86 |
| Stocks held | – | 123 |
| Top 10 holdings | – | 28% |
| Large / mid / small caps | – | 44 / 28 / 25% |
| Largest sector | – | Banks |
Common questions
Mahindra Manulife Multi Cap Fund or Nippon India Multi Cap Fund: which is better?
On our track-record ratings (Direct plans), Mahindra Manulife Multi Cap Fund is rated A and Nippon India Multi Cap Fund is rated B, each against its own category. Ratings describe the record so far and are not a forecast; which suits you depends on your goal and the funds you already hold.
Mahindra Manulife Multi Cap Fund or Nippon India Multi Cap Fund: which has done better?
Over the last 3 years, Mahindra Manulife Multi Cap Fund returned 18.4% a year against 14.0% for Nippon India Multi Cap Fund (Direct plans).
How much do Mahindra Manulife Multi Cap Fund and Nippon India Multi Cap Fund overlap?
Holdings for one of these schemes are not available yet.
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.
More comparisons
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Past performance does not guarantee future returns. This comparison is not a recommendation to buy or sell either fund.
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