Understanding Multi Cap Mutual Funds:

Multi Cap Mutual Funds fall within the category of equity mutual funds and are characterized by their diversified portfolio across companies of varying market capitalizations. Unlike specific-cap funds such as large-cap, mid-cap, or small-cap funds, Multi Cap funds do not have a rigid mandate to invest in a specific capitalization segment. Instead, they have the flexibility to allocate funds across companies of different sizes.

Top Performing Multi Cap Mutual Funds to Invest in 2024

Multi Cap Funds are those mutual funds that invest across different market capitalization categories. They are not obligated to invest a certain proportion of their assets in any particular category.

Market Capitalization is defined as the market value of all outstanding shares and is achieved by multiplying the total number of shares outstanding by the market price per share.

Some of the characteristics of a multi-cap fund are as follows:

They provide diversification since they invest across large caps, mid-caps, and small caps
Lower expected volatility
Suitable for investors with a medium investment horizon
Suitable for investors with medium risk appetite
The fund manager has the leeway to increase allocation to a particular category based on market view

Top 8 Multi-Cap Mutual Funds in 2024

The following are the top-rated multi cap funds as per Zfunds scoring for the quarter ended 30th June 2020. The funds with the highest ZF Score (refer to methodology here) are ranked at the top. A complete list of funds can be seen in the Annexure at the end of this article.

Fund Name	3-Year Return (%)	5-Year Return (%)
Nippon India Multi Cap Fund	38.8	17.4
Quant Active Fund	34.5	23.2
Kotak India Growth Fund	32.3	20.3
Mahindra Manulife Multi Cap Fund	31.4	19.0
ICICI Pru Multicap Fund	29.0	14.2
Baroda BNP Paribas Multi Cap Fund	28.3	15.3
Invesco India Multicap Fund	27.4	13.7
Sundaram Multi Cap Fund	23.8	13.2

📊 Understanding the Data:

Top Performers: Nippon India Multi Cap Fund and Quant Active Fund stand out with impressive returns over both 3 and 5 years.
Consistent Growth: Kotak India Growth Fund showcases steady performance over the years.
Stability in Returns: Mahindra Manulife Multi Cap Fund maintains a balanced approach with notable returns.
Long-Term Potential: ICICI Pru Multicap Fund and Baroda BNP Paribas Multi Cap Fund exhibit potential for long-term growth.
Strategic Choices: Invesco India Multicap Fund and Sundaram Multi Cap Fund offer strategic investment opportunities.

Let's have a closer look

👉1.) Nippon India Multi Cap Fund

The Nippon India Multi Cap Fund is a popular mutual fund option in India, offering the potential for capital appreciation and long-term growth through diverse equity investments. Here's some key information about the fund:

Other key information:

Asset Under Management (AUM): ₹22,695 Cr.
Expense Ratio: 1.67%
Risk Grade: Very High
Minimum Investment: ₹100 (SIP) or ₹100 (Lumpsum)
Exit Load: 1% if redeemed within 12 months (for investments > 10%)

Nippon India Large Cap Fund

Nippon India Flexi Cap Fund

Nippon India Small cap fund

👉2.) Quant Active Fund

The Quant Active Fund is another multi-cap mutual fund option in India, also aiming for long-term capital appreciation and growth through equity investments. Here's some key information about it:

Other key information:

Asset Under Management (AUM): ₹6,681 Cr. (smaller than Nippon India)
Expense Ratio: 1.81% (slightly higher than Nippon India)
Risk Grade: Very High
Minimum Investment: ₹1000 (SIP) or ₹5000 (Lumpsum)
Exit Load: 1% if redeemed within 15 days (slightly stricter than Nippon India)

Quant Large Cap Fund

Quant Flexi Cap Fund

Quant Small cap fund

👉3.) Kotak India Growth Fund

There are several different Kotak India Growth Funds, with different series and launch dates. To provide you with the most accurate information, it would be helpful to know which specific series you're interested in. Some of the options include:

Minimum Investment: Varies depending on the series, typically ranging from ₹500 to ₹5000.
Exit Load: Applicable only for closed-ended series, typically 1% within 1 year of investment.
Awards and Recognition: KIGF has received various awards and accolades for its performance over the years.

Kotak India Large Cap Fund

Kotak India Flexi Cap Fund

Kotak India Small cap fund

👉4.) Mahindra Manulife Multi Cap Fund

The Mahindra Manulife Multi Cap Fund is another interesting option in the multi-cap category.Invests in a mix of large, mid, and small-cap stocks with a current allocation of around 27% large-cap, 21% mid-cap, and 34% small-cap.

Other key information:

Asset Under Management (AUM): ₹6,998 Cr.
Expense Ratio: 1.55% (Regular Plan) and 1.27% (Direct Plan)
Risk Grade: Moderate to High
Minimum Investment: ₹500 (SIP) or ₹1000 (Lumpsum)
Exit Load: 1% if redeemed within 1 year (for investments > 10%)

👉5.) ICICI Pru Multicap Fund

The ICICI Pru Multicap Fund has been a popular choice for long-term capital appreciation through equity investments across market capitalizations.Mandated to invest at least 25% of its assets in each of large, mid, and small-cap stocks, providing diversification across market segments.

Other key information:

Asset Under Management (AUM): ₹9,515 Cr.
Expense Ratio: 1.82% (Regular Plan) and 1.22% (Direct Plan)
Risk Grade: Moderate to High
Minimum Investment: ₹500 (SIP) or ₹1000 (Lumpsum)
Exit Load: 1% if redeemed within 1 year (for investments > 10%)

👉6.) Baroda BNP Paribas Multi Cap Fund

Baroda BNP Paribas Multi Cap Fund is to generate capital appreciation and provide long-term growth opportunities by investing in a diversified portfolio of equity and equity-related securities across large, mid, and small-cap companies.

Other key information:

Asset Under Management (AUM): ₹2,022.13 Cr.
Expense Ratio: 2.09% (Regular Plan) and 1.69% (Direct Plan)
Risk Grade: Very High
Minimum Investment: ₹500 (SIP) or ₹1000 (Lumpsum)
Exit Load: 1% if redeemed within 1 year (for investments > 10%)

👉7.) Invesco India Multicap Fund

Looking for a diversified, actively managed mutual fund to unleash long-term capital appreciation in the Indian market? Look no further than the Invesco India Multicap Fund. This powerhouse fund navigates across large, mid, and small caps, seeking hidden gems with high growth potential.

Other Key Information:

Asset Under Management (AUM): ₹2,894.53 Cr. (as of December 25, 2023)
Expense Ratio: 1.94% (Direct Plan)
Risk Grade: Very High
Minimum Investment: ₹500 (SIP) or ₹1000 (Lumpsum)
Exit Load: 1% if redeemed within 1 year (for investments > 10%)

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