Best Multi Cap Funds in India
30 multi cap funds in India, of which 8 meet the eligibility criteria, ranked on 5Y return. What compounds over 5–10 years?
Ranked on 5-year annualised return (CAGR), because the question is a 5–10 year one. Funds younger than 5 years are listed after those with a 5-year record. Past performance does not predict future returns.
Multi Cap Funds ranked by 5Y return
| # | Fund | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Nippon India Multi Cap Fund - Direct Plan Growth Plan - Growth Option | +19.66% | +4.74% | +16.03% | +17.23% | 44% | -42.8% | ₹54,585 Cr | 0.84% |
| 2 | Mahindra Manulife Multi Cap Fund - Direct Plan -GrowthGold | +17.42% | +14.21% | +19.17% | +22.85% | 78% | -34.4% | ₹6,926 Cr | 0.96% |
| 3 | ICICI Prudential Multicap Fund - Direct Plan - GrowthPlatinum | +16.57% | +12.93% | +18.28% | +17.60% | 45% | -38.9% | ₹18,194 Cr | 1.03% |
| 4 | Baroda BNP Paribas MULTI CAP FUND - Direct Plan - Growth Option | +15.27% | +8.71% | +16.56% | +16.87% | 42% | -34.3% | ₹3,339 Cr | 1.21% |
| 5 | ITI Multi Cap Fund - Direct Plan - Growth OptionBronze | +14.77% | +14.46% | +18.88% | +20.69% | 73% | -38.7% | ₹1,470 Cr | 0.87% |
| 6 | Aditya Birla Sun Life Multi-Cap Fund-Direct GrowthSilver | +14.55% | +12.56% | +15.73% | +18.29% | 42% | -19.9% | ₹7,030 Cr | 1.02% |
| 7 | Invesco India Multicap Fund - Direct Plan - Growth Option | +13.33% | +4.31% | +15.07% | +18.65% | 50% | -38.0% | ₹4,397 Cr | 0.91% |
| 8 | quant Multi Cap Fund-GROWTH OPTION-Direct Plan | +13.11% | +12.14% | +12.33% | +18.01% | 49% | -36.3% | ₹7,761 Cr | 0.98% |
Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any numeric column to re-sort; funds with no value for that column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 5 year(s) old. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.
Multi Cap Funds — FAQs
What horizon suits equity funds?
Equity funds are volatile over short periods, so they are generally considered for horizons of five years or more. Over shorter spans the range of outcomes is wide enough that the average return is a poor guide.
What do large, mid and small cap mean?
SEBI defines them by market-capitalisation rank: the top 100 listed companies are large cap, ranks 101–250 are mid cap, and 251 onward are small cap. Categories differ in how much they must hold in each band, which drives most of the difference in volatility.
Should I pick the fund with the highest past return?
Past return alone is a weak signal — it reflects the period measured as much as the fund. Consistency across rolling periods, behaviour in falling markets, cost, and whether the fund still follows the mandate you signed up for all matter. Past performance does not indicate future returns.