Multi Cap Mutual Funds
All 33 multi cap funds, Direct Growth plans, compared on returns, risk and cost. NAV as of 7 Oct 2026.
Category average
+14.0%
3 years, a year
Category average
+13.2%
5 years, a year
Category average
16.4%
Volatility, 3 years
Category average
0.99%
Expense ratio
Against the NIFTY 500 Multicap 50:25:25 Index: 11 of 13 funds with at least 5 calendar years of history returned more than the index in at least half of the years from 2017 to 2026. The 2026 figure is year to date.
Multi Cap funds compared
| Fund | 1Y | 3Y a year | 5Y a year | Volatility 3Y | Worst fall 5Y | Years ahead of index | Expense | Fund size |
|---|---|---|---|---|---|---|---|---|
| +1.9% | +16.1% | +16.2% | 17.3% | -21.0% | 4 of 5 | 0.72% | ₹30,529 Cr | |
| -3.3% | +12.3% | +15.5% | 15.5% | -18.6% | 5 of 10 | 0.87% | ₹56,298 Cr | |
| +10.1% | +16.7% | +15.0% | 16.7% | -20.6% | 7 of 9 | 0.95% | ₹7,662 Cr | |
| +12.0% | +16.6% | +14.0% | 17.4% | -23.1% | 4 of 7 | 0.87% | ₹1,543 Cr | |
| +3.9% | +14.5% | +13.7% | 16.1% | -17.2% | 7 of 10 | 1.03% | ₹19,538 Cr | |
| +6.7% | +13.8% | +12.4% | 16.1% | -20.0% | 2 of 5 | 1.02% | ₹7,531 Cr | |
| -0.1% | +12.2% | +11.5% | 17.5% | -22.6% | 5 of 10 | 0.91% | ₹4,529 Cr | |
| +0.2% | +13.5% | +11.3% | 16.0% | -21.5% | 3 of 10 | 1.23% | ₹3,493 Cr | |
| -1.4% | +11.8% | +11.2% | 16.1% | -19.4% | 6 of 10 | 1.30% | ₹3,070 Cr | |
| +5.6% | +9.8% | +10.9% | 17.9% | -25.3% | 6 of 10 | 0.99% | ₹7,725 Cr | |
| +8.2% | +18.7% | N/A | 16.1% | N/A | 3 of 5 | 1.04% | ₹11,985 Cr | |
| +5.0% | +17.7% | N/A | 15.5% | N/A | 3 of 3 | 0.92% | ₹4,385 Cr | |
| +6.8% | +17.5% | N/A | 17.6% | N/A | 2 of 3 | 0.82% | ₹6,503 Cr | |
| +5.6% | +17.1% | N/A | 17.9% | N/A | 2 of 4 | 0.82% | ₹2,254 Cr | |
| +9.7% | +16.7% | N/A | 16.4% | N/A | 3 of 3 | 1.23% | ₹1,335 Cr | |
| +7.5% | +14.3% | N/A | 15.8% | N/A | 2 of 4 | 1.44% | ₹1,562 Cr | |
| -0.4% | +13.3% | N/A | 15.7% | N/A | 2 of 3 | 0.65% | ₹5,951 Cr | |
| -0.6% | +12.6% | N/A | 16.3% | N/A | 1 of 3 | 0.84% | ₹5,619 Cr | |
| -1.7% | +12.3% | N/A | 14.2% | N/A | 1 of 4 | 1.07% | ₹24,525 Cr | |
| -0.1% | +11.9% | N/A | 15.7% | N/A | 3 of 5 | 0.95% | ₹3,074 Cr | |
| -4.2% | +10.5% | N/A | 16.3% | N/A | 3 of 5 | 0.93% | ₹20,649 Cr | |
| +3.4% | +9.0% | N/A | 15.8% | N/A | 0 of 3 | 0.78% | ₹3,576 Cr | |
| +17.1% | N/A | N/A | N/A | N/A | 2 of 2 | 0.75% | ₹1,476 Cr | |
| +15.6% | N/A | N/A | N/A | N/A | 1 of 1 | 1.91% | ₹810 Cr | |
| +11.5% | N/A | N/A | N/A | N/A | 1 of 2 | 1.22% | ₹4,677 Cr | |
| +9.4% | N/A | N/A | N/A | N/A | 1 of 1 | 1.13% | ₹1,630 Cr | |
| +5.8% | N/A | N/A | N/A | N/A | 2 of 2 | 0.85% | ₹468 Cr | |
| +4.6% | N/A | N/A | N/A | N/A | 2 of 2 | 0.96% | ₹5,262 Cr | |
| +3.3% | N/A | N/A | 17.1% | N/A | 1 of 3 | 0.66% | ₹3,550 Cr | |
| +1.4% | N/A | N/A | N/A | N/A | 0 of 1 | 0.83% | ₹2,178 Cr | |
| -0.5% | N/A | N/A | N/A | N/A | 1 of 2 | 2.24% | ₹230 Cr | |
| -1.3% | N/A | N/A | N/A | N/A | 0 of 2 | 0.70% | ₹3,025 Cr | |
| N/A | N/A | N/A | N/A | N/A | N/A | 0.00% | ₹0 Cr |
Ordered by 5-year annualised return, highest first; funds younger than 5 years follow by 3-year, then 1-year return.Years ahead of index counts the calendar years from 2017 to 2026 in which the fund returned more than the NIFTY 500 Multicap 50:25:25 Index. Returns over 3 years and longer are compounded annual returns. Volatility is the annualised standard deviation of monthly returns. Worst fall is the largest drop from a peak in the last 5 years. N/A means the fund is too young for that period.
What a multi cap fund is
Multi cap funds keep at least 75% in shares, with at least 25% each in large, mid and small companies.
Source: SEBI categorisation of mutual fund schemes, 6 October 2017, as amended.
Investing from the UAE
NRIs living in the UAE can generally invest once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept residents of the United States or Canada, or accept them only offline. The UAE does not levy personal income tax, and the India UAE tax treaty may affect how gains are treated, so confirm your own position with a tax adviser.
Questions
How are these multi cap funds ordered?
By 5-year annualised return, highest first. Funds younger than 5 years follow, ordered by 3-year return and then 1-year return. Every figure is worked out from each fund's own Direct Growth NAV, the same way for every fund. We do not label any fund as the best.
Can NRIs living in the UAE invest in multi cap funds?
Generally yes, once KYC is complete, paying from an NRE or NRO bank account. Some fund houses do not accept investments from residents of the United States or Canada, or accept them only offline, so check the fund house's current policy if that applies to you.
How are gains taxed for NRIs?
For equity funds, India taxes gains on units held for 12 months or less at 20%, and gains on units held longer at 12.5% on the amount above ₹1.25 lakh in a financial year, plus cess and any surcharge. For NRIs the fund house deducts this tax when you redeem. The outcome depends on your tax residence and facts, so confirm your position with a tax adviser.
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