Multi Cap funds in India
64 plans (32 Regular, 32 Direct), rated on their track record against the NIFTY500 Multicap 50:25:25 total-return index and their peers. Data as of 5 Nov 2026.
At least 25% each in large, mid and small caps, so the fund cannot drift into one size of company. A ready-made spread across the market. SEBI requires multi cap funds to invest at least 25% each in large-cap, mid-cap and small-cap stocks.
The difference, on ₹10 lakh invested three years ago, between the strongest multi cap fund (18.4% a year) and the weakest (8.9% a year). Same category, same SEBI rules, same market. 14 of 23 funds beat the NIFTY500 Multicap 50:25:25 total-return index over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (32)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Axis Multicap FundAxis Mutual Fund · 4.9 yrs | A+ | 18.4% | +5.6% | 1.97% | ₹11,430 cr |
| Kotak Multi Cap FundKotak Mahindra Mutual Fund · 5.1 yrs | A+ | 15.6% | +2.7% | 1.80% | ₹29,878 cr |
| LIC MF Multi Cap FundLIC Mutual Fund · 4.0 yrs | A+ | 16.7% | +3.8% | 2.15% | ₹2,173 cr |
| ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund · 20.6 yrs | A | 14.2% | +1.3% | 1.74% | ₹18,973 cr |
| WhiteOak Capital Multi Cap FundWhiteOak Capital Mutual Fund · 3.1 yrs | A | 17.0% | +4.1% | 2.22% | ₹4,222 cr |
| Bank Of India Multi Cap FundBank of India Mutual Fund · 3.7 yrs | A | 16.3% | +3.4% | 2.46% | ₹1,292 cr |
| Mahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund · 9.5 yrs | A | 16.2% | +3.4% | 2.18% | ₹7,383 cr |
| Nippon India Multi Cap FundNippon India Mutual Fund · 20.6 yrs | B | 12.6% | -0.3% | 1.62% | ₹55,566 cr |
| HSBC Multi Cap FundHSBC Mutual Fund · 3.8 yrs | B | 16.2% | +3.3% | 2.03% | ₹6,264 cr |
| Aditya Birla Sun Life Multi-Cap FundAditya Birla Sun Life Mutual Fund · 5.5 yrs | B | 14.2% | +1.3% | 2.00% | ₹7,306 cr |
| Edelweiss Multi Cap FundEdelweiss Mutual Fund · 3.0 yrs | B | 14.8% | +1.9% | 2.08% | ₹3,444 cr |
| SBI MultiCap FundSBI Mutual Fund · 4.6 yrs | B | 12.5% | -0.4% | 1.83% | ₹24,132 cr |
| ITI Multi Cap FundITI Mutual Fund · 7.5 yrs | B | 15.7% | +2.8% | 2.30% | ₹1,503 cr |
| Baroda BNP Paribas Multi Cap FundBaroda BNP Paribas Mutual Fund · 20.6 yrs | B | 13.9% | +1.0% | 2.22% | ₹3,426 cr |
| Union Multicap FundUnion Mutual Fund · 3.9 yrs | B | 14.2% | +1.4% | 2.50% | ₹1,503 cr |
| Canara Robeco Multi Cap FundCanara Robeco Mutual Fund · 3.3 yrs | B | 13.1% | +0.2% | 1.99% | ₹5,780 cr |
| Invesco India Multi Cap FundInvesco Mutual Fund · 18.6 yrs | B | 12.4% | -0.5% | 2.07% | ₹4,431 cr |
| Mirae Asset Multicap FundMirae Asset Mutual Fund · 3.2 yrs | C | 12.2% | -0.7% | 2.24% | ₹5,502 cr |
| HDFC Multi Cap FundHDFC Mutual Fund · 4.9 yrs | C | 10.8% | -2.1% | 1.79% | ₹20,439 cr |
| Quant Multi Cap Fundquant Mutual Fund · 20.6 yrs | C | 9.8% | -3.1% | 2.01% | ₹7,721 cr |
| Bandhan Multi Cap FundBandhan Mutual Fund · 4.9 yrs | C | 12.0% | -0.9% | 2.25% | ₹3,047 cr |
| Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund)Sundaram Mutual Fund · 4.8 yrs | C | 11.8% | -1.1% | 2.26% | ₹3,003 cr |
| Tata Multicap FundTata Mutual Fund · 3.7 yrs | C | 8.9% | -4.0% | 2.19% | ₹3,532 cr |
| Bajaj Finserv Multi Cap FundBajaj Finserv Mutual Fund · 1.7 yrs | – | – | – | 2.56% | ₹1,568 cr |
| DSP Multi Cap FundDSP Mutual Fund · 2.8 yrs | – | – | – | 2.06% | ₹2,974 cr |
| Franklin India Multi Cap FundFranklin Templeton Mutual Fund · 2.3 yrs | – | – | – | 2.31% | ₹5,172 cr |
| Groww Multicap FundGroww Mutual Fund · 1.9 yrs | – | – | – | 2.63% | ₹1,233 cr |
| PGIM India Multi Cap FundPGIM India Mutual Fund · 2.1 yrs | – | – | – | 2.56% | ₹457 cr |
| Samco Multi Cap FundSamco Mutual Fund · 2.0 yrs | – | – | – | 3.81% | ₹229 cr |
| Trustmf Multi Cap FundTrust Mutual Fund · 1.3 yrs | – | – | – | 3.42% | ₹757 cr |
| The Wealth Company Multi Cap FundThe Wealth Company Mutual Fund · 0.1 yrs | – | – | – | 4.58% | ₹21 cr |
| UTI Multi Cap FundUTI Mutual Fund · 1.5 yrs | – | – | – | 2.23% | ₹2,132 cr |
Direct plans (32)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| LIC MF Multi Cap FundLIC Mutual Fund · 4.0 yrs | A+ | 18.5% | +5.6% | 0.79% | ₹2,173 cr |
| Axis Multicap FundAxis Mutual Fund · 4.9 yrs | A+ | 19.7% | +6.9% | 0.92% | ₹11,430 cr |
| Kotak Multi Cap FundKotak Mahindra Mutual Fund · 5.1 yrs | A+ | 17.0% | +4.2% | 0.70% | ₹29,878 cr |
| Mahindra Manulife Multi Cap FundMahindra Manulife Mutual Fund · 9.5 yrs | A | 17.9% | +5.0% | 0.94% | ₹7,383 cr |
| WhiteOak Capital Multi Cap FundWhiteOak Capital Mutual Fund · 3.1 yrs | A | 18.8% | +5.9% | 0.89% | ₹4,222 cr |
| Bank Of India Multi Cap FundBank of India Mutual Fund · 3.7 yrs | A | 17.7% | +4.8% | 1.15% | ₹1,292 cr |
| HSBC Multi Cap FundHSBC Mutual Fund · 3.8 yrs | A | 17.7% | +4.8% | 0.79% | ₹6,264 cr |
| Edelweiss Multi Cap FundEdelweiss Mutual Fund · 3.0 yrs | B | 16.6% | +3.7% | 0.68% | ₹3,444 cr |
| ITI Multi Cap FundITI Mutual Fund · 7.5 yrs | B | 17.5% | +4.7% | 0.85% | ₹1,503 cr |
| ICICI Prudential Multi Cap FundICICI Prudential Mutual Fund · 13.8 yrs | B | 15.1% | +2.2% | 1.00% | ₹18,973 cr |
| Nippon India Multi Cap FundNippon India Mutual Fund · 13.8 yrs | B | 13.5% | +0.6% | 0.89% | ₹55,566 cr |
| Aditya Birla Sun Life Multi-Cap FundAditya Birla Sun Life Mutual Fund · 5.5 yrs | B | 15.5% | +2.6% | 1.02% | ₹7,306 cr |
| Canara Robeco Multi Cap FundCanara Robeco Mutual Fund · 3.3 yrs | B | 14.7% | +1.8% | 0.65% | ₹5,780 cr |
| Union Multicap FundUnion Mutual Fund · 3.9 yrs | B | 15.7% | +2.8% | 1.34% | ₹1,503 cr |
| Mirae Asset Multicap FundMirae Asset Mutual Fund · 3.2 yrs | B | 13.8% | +0.9% | 0.86% | ₹5,502 cr |
| Baroda BNP Paribas Multi Cap FundBaroda BNP Paribas Mutual Fund · 13.8 yrs | B | 15.1% | +2.2% | 1.17% | ₹3,426 cr |
| SBI MultiCap FundSBI Mutual Fund · 4.6 yrs | B | 13.5% | +0.6% | 1.05% | ₹24,132 cr |
| Bandhan Multi Cap FundBandhan Mutual Fund · 4.9 yrs | C | 13.6% | +0.7% | 0.94% | ₹3,047 cr |
| Invesco India Multi Cap FundInvesco Mutual Fund · 13.8 yrs | C | 13.8% | +0.9% | 0.91% | ₹4,431 cr |
| Tata Multicap FundTata Mutual Fund · 3.7 yrs | C | 10.5% | -2.4% | 0.83% | ₹3,532 cr |
| HDFC Multi Cap FundHDFC Mutual Fund · 4.9 yrs | C | 11.9% | -1.0% | 0.96% | ₹20,439 cr |
| Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund)Sundaram Mutual Fund · 4.8 yrs | C | 13.0% | +0.1% | 1.20% | ₹3,003 cr |
| Quant Multi Cap Fundquant Mutual Fund · 13.8 yrs | C | 11.0% | -1.9% | 1.08% | ₹7,721 cr |
| Bajaj Finserv Multi Cap FundBajaj Finserv Mutual Fund · 1.7 yrs | – | – | – | 1.13% | ₹1,568 cr |
| DSP Multi Cap FundDSP Mutual Fund · 2.8 yrs | – | – | – | 0.71% | ₹2,974 cr |
| Franklin India Multi Cap FundFranklin Templeton Mutual Fund · 2.3 yrs | – | – | – | 0.97% | ₹5,172 cr |
| Groww Multicap FundGroww Mutual Fund · 1.9 yrs | – | – | – | 0.98% | ₹1,233 cr |
| PGIM India Multi Cap FundPGIM India Mutual Fund · 2.1 yrs | – | – | – | 0.81% | ₹457 cr |
| Samco Multi Cap FundSamco Mutual Fund · 2.0 yrs | – | – | – | 2.33% | ₹229 cr |
| Trustmf Multi Cap FundTrust Mutual Fund · 1.3 yrs | – | – | – | 1.81% | ₹757 cr |
| The Wealth Company Multi Cap FundThe Wealth Company Mutual Fund · 0.1 yrs | – | – | – | 2.58% | ₹21 cr |
| UTI Multi Cap FundUTI Mutual Fund · 1.5 yrs | – | – | – | 1.07% | ₹2,132 cr |
Common questions
What does a multi cap fund invest in?
SEBI requires multi cap funds to invest at least 25% each in large-cap, mid-cap and small-cap stocks.
How many multi cap funds beat their index over 3 years?
14 of 23 multi cap funds (Regular plans with 3 years of history) beat the NIFTY500 Multicap 50:25:25 total-return index over the 3 years to 5 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.