Based on 1-year returns, the top performing Multi Cap funds are Groww Multicap Fund Direct-Growth with 20.91% return, TRUSTMF Multi Cap Fund Direct-Growth with 20.59% return, and Mahindra Manulife Multi Cap Fund Direct-Growth with 16.39% return. The category average 1-year return is 8.51%.
Best Multi Cap Mutual Funds 2026
Multi-cap funds invest in the stocks of various market caps. So, multi-cap funds will invest in small, medium, and large-cap stocks. As per the SEBI guidelines, a minimum of 25% of the assets will be invested in each (small, mid, and large-cap) category. The SEBI has defined the first 100 companies by market cap as large-cap companies, the next 101 to 250 companies by market cap as mid-cap companies, and companies after that as small-cap companies.
Total Schemes
37
No. of schemes
Total AUM
₹ 2.50Lakh Cr
As on latest
Category Return (5Y)
15.04 %
CAGR
Benchmark
10.50%
NIFTY 500 TRI
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Multi Cap | -0.18 % | 11.77 % | 8.51 % | 15.47 % | 15.04 % | - | 5.86 % |
Benchmark | -2.30 % | 3.67 % | 2.13 % | 11.08 % | 10.50 % | 12.99 % | -2.24 % |
About Multi Cap Funds
What is it?
Multi-cap funds invest in the stocks of various market caps. So, multi-cap funds will invest in small, medium, and large-cap stocks. As per the SEBI guidelines, a minimum of 25% of the assets will be invested in each (small, mid, and large-cap) category. The SEBI has defined the first 100 companies by market cap as large-cap companies, the next 101 to 250 companies by market cap as mid-cap companies, and companies after that as small-cap companies.
Objective
The objective of these funds is to generate maximum risk-adjusted returns by investing in stocks across various market cap categories.
Suitability and opinion
These funds are suitable for investors with a high-risk appetite. They can be a good option for investors willing to generate high returns by investing in stocks across different market caps. But as these funds have to invest a minimum of 25% in each market cap (small, mid, and large), they have a lower degree of freedom in asset allocation compared to flexicap funds. They will have a higher level of volatility as at least 50% of the assets will be allocated to mid-and small-cap stocks. We believe that investors can avoid this category. We feel that flexi-cap funds are a far better option if investors want to take exposure to stocks of different market caps. We believe the same because fund managers have complete freedom over percentage allocation in flexi-cap funds.
Multi Cap vs Other Categories
5Y CAGR Return Comparison
Key Insights
Multi Cap delivered 15.04% CAGR over the last 5 years.
It ranks #9 out of 28 categories based on 5Y performance.
Above the category average return of 13.74%.
8 categories outperform it, while 19 categories have lower returns.
Top performer: Sectoral-Auto & Transportation (22.85%).
Lowest performer: Sectoral-Technology (4.94%).
Let's have a closer look
Now let us jump and check about these top 15 mutual fund schemes.
Nippon India Multi Cap Fund Direct-Growth
Fund Performance: Nippon India Multi Cap Fund Direct-Growth has given 13.09% annualized returns in the past three years and 17.31% in the last 5 years. The Nippon India Multi Cap Fund Direct-Growth comes under the Equity category of Nippon India Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Nippon India Multi Cap Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 55,587.00Cr
1Y Returns
0.92%
Expense Ratio
0.87%
Kotak Multi Cap Fund Direct-Growth
Fund Performance: Kotak Multi Cap Fund Direct-Growth has given 16.74% annualized returns in the past three years. The Kotak Multi Cap Fund Direct-Growth comes under the Equity category of Kotak Mahindra Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Kotak Multi Cap Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 29,274.40Cr
1Y Returns
7.21%
Expense Ratio
0.70%
SBI Multicap Fund Direct-Growth
Fund Performance: SBI Multicap Fund Direct-Growth has given 13.15% annualized returns in the past three years. The SBI Multicap Fund Direct-Growth comes under the Equity category of SBI Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in SBI Multicap Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 24,146.80Cr
1Y Returns
2.16%
Expense Ratio
1.06%
HDFC Multi Cap Fund Direct-Growth
Fund Performance: HDFC Multi Cap Fund Direct-Growth has given 11.85% annualized returns in the past three years. The HDFC Multi Cap Fund Direct-Growth comes under the Equity category of HDFC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HDFC Multi Cap Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 20,582.70Cr
1Y Returns
1.05%
Expense Ratio
0.93%
ICICI Prudential Multi Cap Fund Direct-Growth
Fund Performance: ICICI Prudential Multi Cap Fund Direct-Growth has given 16.20% annualized returns in the past three years and 15.40% in the last 5 years. The ICICI Prudential Multi Cap Fund Direct-Growth comes under the Equity category of ICICI Prudential Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Multi Cap Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 18,769.00Cr
1Y Returns
10.76%
Expense Ratio
1.02%
Axis Multicap Fund Direct-Growth
Fund Performance: Axis Multicap Fund Direct-Growth has given 19.91% annualized returns in the past three years. The Axis Multicap Fund Direct-Growth comes under the Equity category of Axis Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Axis Multicap Fund Direct-Growth via lump sum is ₹ 100.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 100.00
AUM
₹ 10,973.10Cr
1Y Returns
12.73%
Expense Ratio
1.03%
Quant Multi Cap Fund Direct-Growth
Fund Performance: Quant Multi Cap Fund Direct-Growth has given 9.80% annualized returns in the past three years and 12.21% in the last 5 years. The Quant Multi Cap Fund Direct-Growth comes under the Equity category of Quant Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Quant Multi Cap Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 7,716.92Cr
1Y Returns
10.28%
Expense Ratio
1.01%
Mahindra Manulife Multi Cap Fund Direct-Growth
Fund Performance: Mahindra Manulife Multi Cap Fund Direct-Growth has given 17.68% annualized returns in the past three years and 16.83% in the last 5 years. The Mahindra Manulife Multi Cap Fund Direct-Growth comes under the Equity category of Mahindra Manulife Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Mahindra Manulife Multi Cap Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 7,184.31Cr
1Y Returns
16.39%
Expense Ratio
0.92%
Aditya Birla Sun Life Multi-Cap Fund Direct-Growth
Fund Performance: Aditya Birla Sun Life Multi-Cap Fund Direct-Growth has given 14.63% annualized returns in the past three years and 13.49% in the last 5 years. The Aditya Birla Sun Life Multi-Cap Fund Direct-Growth comes under the Equity category of Aditya Birla Sun Life Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Multi-Cap Fund Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 500.00
AUM
₹ 7,181.55Cr
1Y Returns
11.20%
Expense Ratio
1.01%
HSBC Multi Cap Fund Direct-Growth
Fund Performance: HSBC Multi Cap Fund Direct-Growth has given 18.70% annualized returns in the past three years. The HSBC Multi Cap Fund Direct-Growth comes under the Equity category of HSBC Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in HSBC Multi Cap Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 6,067.77Cr
1Y Returns
10.99%
Expense Ratio
0.81%
Canara Robeco Multi Cap Fund Direct-Growth
Fund Performance: Canara Robeco Multi Cap Fund Direct-Growth has given 14.85% annualized returns in the past three years. The Canara Robeco Multi Cap Fund Direct-Growth comes under the Equity category of Canara Robeco Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Canara Robeco Multi Cap Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 1,000.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 5,750.84Cr
1Y Returns
4.79%
Expense Ratio
0.64%
Mirae Asset Multicap Fund Direct-Growth
Fund Performance: Mirae Asset Multicap Fund Direct-Growth has given 14.23% annualized returns in the past three years. The Mirae Asset Multicap Fund Direct-Growth comes under the Equity category of Mirae Asset Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Mirae Asset Multicap Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 99.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 5,470.01Cr
1Y Returns
6.22%
Expense Ratio
0.84%
Franklin India Multi Cap Fund Direct-Growth
Fund Performance: The Franklin India Multi Cap Fund Direct-Growth comes under the Equity category of Franklin Templeton Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Franklin India Multi Cap Fund Direct-Growth via lump sum is ₹ 5,000.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 5,000.00
AUM
₹ 5,095.56Cr
1Y Returns
9.71%
Expense Ratio
1.01%
Motilal Oswal Multi Cap Fund Direct-Growth
Fund Performance: The Motilal Oswal Multi Cap Fund Direct-Growth comes under the Equity category of Motilal Oswal Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Motilal Oswal Multi Cap Fund Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 500.00.
Min Investment Amt
₹ 500.00
AUM
₹ 4,491.96Cr
1Y Returns
10.22%
Expense Ratio
1.21%
Invesco India Multi Cap Fund Direct-Growth
Fund Performance: Invesco India Multi Cap Fund Direct-Growth has given 14.04% annualized returns in the past three years and 12.53% in the last 5 years. The Invesco India Multi Cap Fund Direct-Growth comes under the Equity category of Invesco Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in Invesco India Multi Cap Fund Direct-Growth via lump sum is ₹ 1,000.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 1,000.00
AUM
₹ 4,397.56Cr
1Y Returns
4.12%
Expense Ratio
0.93%
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