Based on 1-year returns, the top performing Multi Cap funds are Groww Multicap Fund Direct-Growth with 9.25% return, TRUSTMF Multi Cap Fund Direct-Growth with 7.29% return, and ITI Multi Cap Fund Direct-Growth with 5.13% return. The category average 1-year return is -2.10%.
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)
12.42 %
CAGR
Benchmark
8.18%
NIFTY 500 TRI
Category Returns (%)
| Period | 1M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | YTD |
|---|---|---|---|---|---|---|---|
Multi Cap | -6.14 % | -0.28 % | -2.10 % | 12.86 % | 12.42 % | - | -1.58 % |
Benchmark | -4.79 % | -5.01 % | -7.84 % | 9.75 % | 8.18 % | 12.35 % | -8.38 % |
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 12.42% CAGR over the last 5 years.
It ranks #9 out of 28 categories based on 5Y performance.
Above the category average return of 11.36%.
8 categories outperform it, while 19 categories have lower returns.
Top performer: Sectoral-Auto & Transportation (18.02%).
Lowest performer: Sectoral-Technology (4.75%).
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 10.97% annualized returns in the past three years and 14.37% 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
₹ 53,766.60Cr
1Y Returns
-7.81%
Expense Ratio
0.89%
Kotak Multi Cap Fund Direct-Growth
Fund Performance: Kotak Multi Cap Fund has given 14.34% annualized returns in the past three years and 15.25% in the last 5 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
₹ 30,335.30Cr
1Y Returns
-4.07%
Expense Ratio
0.69%
SBI Multicap Fund Direct-Growth
Fund Performance: SBI Multicap Fund Direct-Growth has given 10.09% 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
₹ 23,455.70Cr
1Y Returns
-8.16%
Expense Ratio
1.05%
HDFC Multi Cap Fund Direct-Growth
Fund Performance: HDFC Multi Cap Fund Direct-Growth has given 9.34% 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
₹ 19,490.00Cr
1Y Returns
-9.01%
Expense Ratio
0.96%
ICICI Prudential Multi Cap Fund Direct-Growth
Fund Performance: ICICI Prudential Multi Cap Fund Direct-Growth has given 12.30% annualized returns in the past three years and 12.17% 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
₹ 18,717.30Cr
1Y Returns
-2.68%
Expense Ratio
1.02%
Axis Multicap Fund Direct-Growth
Fund Performance: Axis Multicap Fund has given 16.97% 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
₹ 11,972.30Cr
1Y Returns
1.65%
Expense Ratio
0.93%
Quant Multi Cap Fund Direct-Growth
Fund Performance: Quant Multi Cap Fund Direct-Growth has given 8.31% annualized returns in the past three years and 9.55% 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
₹ 7,501.45Cr
1Y Returns
-0.34%
Expense Ratio
1.03%
Mahindra Manulife Multi Cap Fund Direct-Growth
Fund Performance: Mahindra Manulife Multi Cap Fund Direct-Growth has given 14.87% annualized returns in the past three years and 13.49% 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
₹ 7,457.35Cr
1Y Returns
3.31%
Expense Ratio
0.94%
Aditya Birla Sun Life Multi-Cap Fund Direct-Growth
Fund Performance: Aditya Birla Sun Life Multi-Cap Fund Direct-Growth has given 12.14% annualized returns in the past three years and 10.87% 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
₹ 7,244.44Cr
1Y Returns
-0.56%
Expense Ratio
1.01%
HSBC Multi Cap Fund Direct-Growth
Fund Performance: HSBC Multi Cap Fund Direct-Growth has given 15.09% 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
₹ 6,380.17Cr
1Y Returns
-0.64%
Expense Ratio
0.79%
Canara Robeco Multi Cap Fund Direct-Growth
Fund Performance: Canara Robeco Multi Cap Fund Direct-Growth has given 11.93% 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
₹ 5,673.18Cr
1Y Returns
-4.88%
Expense Ratio
0.67%
Mirae Asset Multicap Fund Direct-Growth
Fund Performance: Mirae Asset Multicap Fund Direct-Growth has given 11.42% 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
₹ 5,378.69Cr
1Y Returns
-5.59%
Expense Ratio
0.87%
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
₹ 5,117.38Cr
1Y Returns
-2.76%
Expense Ratio
0.98%
WhiteOak Capital Multi Cap Fund Direct-Growth
Fund Performance: WhiteOak Capital Multi Cap Fund Direct-Growth has given 16.31% annualized returns in the past three years. The WhiteOak Capital Multi Cap Fund Direct-Growth comes under the Equity category of WhiteOak Capital Mutual Fund.
Minimum Investment Amount: The minimum amount required to invest in WhiteOak Capital Multi Cap Fund Direct-Growth via lump sum is ₹ 500.00 and via SIP is ₹ 100.00.
Min Investment Amt
₹ 500.00
AUM
₹ 4,609.75Cr
1Y Returns
-0.74%
Expense Ratio
0.88%
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
₹ 4,600.83Cr
1Y Returns
3.19%
Expense Ratio
1.20%
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