Best Multi Cap Funds
Minimum 25% each in large, mid and small caps — diversification by mandate.
Data updated · 32 direct-growth funds ranked by a transparent 0–100 Smart Score
| ⚖ VS | Fund | Score ↓ | Verdict | 1Y | 3Y | 5Y | Sharpe | Sortino | Std Dev | Alpha | Beta | VR★ | P/E | Expense | AUM | Age |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis MultiCap Axis | 77 | Buy | 8.9% | 19.5% | — | 0.97 | 1.20 | 15.9 | 6.6 | 0.91 | 5★ | 34.1 | 1.04% | ₹11.9k Cr | 4.8y | |
| HSBC Multi Cap HSBC | 73 | Buy | 7.4% | 18.3% | — | 0.84 | 0.99 | 17.5 | 4.9 | 1.01 | 5★ | 31.4 | 0.82% | ₹6.5k Cr | 3.6y | |
| WhiteOak Capital Multi Cap WhiteOak | 73 | Buy | 5.8% | — | — | 0.86 | 1.17 | 14.5 | 7.1 | 0.98 | — | 28.6 | 0.92% | ₹4.4k Cr | 3.0y | |
| Mahindra Manulife Multi Cap Mahindra Manulife | 69 | Buy | 11.8% | 17.4% | 16.1% | 0.82 | 0.87 | 16.5 | 4.3 | 0.95 | 5★ | 26.3 | 0.95% | ₹7.7k Cr | 9.4y | |
| Edelweiss Multi Cap Edelweiss | 67 | Buy | 4.7% | — | — | 0.76 | 1.04 | 15.3 | 4.7 | 1.03 | — | 28.3 | 0.66% | ₹3.6k Cr | 2.9y | |
| LIC MF Multi Cap LIC | 66 | Buy | 8.5% | 18.2% | — | 0.81 | 1.03 | 17.7 | 4.6 | 1.01 | 5★ | 32.7 | 0.82% | ₹2.3k Cr | 3.9y | |
| ICICI Pru Multi Cap ICICI Pru | 63 | Buy | 6.2% | 15.5% | 14.7% | 0.80 | 0.90 | 15.7 | 3.8 | 0.91 | — | 28.7 | 1.03% | ₹19.5k Cr | 13.7y | |
| Kotak MultiCap Kotak | 62 | Buy | 3.3% | 16.5% | — | 0.76 | — | 17.5 | 3.4 | 1.02 | 4★ | — | 0.72% | ₹30.5k Cr | 5.0y | |
| TrustMF Multi Cap Trust | 62 | Buy | 16.5% | — | — | 0.77 | 1.06 | 14.2 | 16.5 | 0.96 | — | 40.6 | 1.91% | ₹810 Cr | 1.2y | |
| Bank Of India Multi Cap Bank of India | 60 | Hold | 10.9% | 17.5% | — | 0.85 | 0.91 | 16.3 | 4.6 | 0.95 | 5★ | 25.9 | 1.23% | ₹1.3k Cr | 3.6y | |
| ITI Multi Cap ITI | 58 | Hold | 11.0% | 16.9% | 14.3% | 0.78 | 0.86 | 17.4 | 3.9 | 1.01 | 4★ | 32.5 | 0.87% | ₹1.5k Cr | 7.4y | |
| Groww MultiCap Groww | 57 | Hold | 18.0% | — | — | 0.52 | 0.74 | 15.6 | 13.0 | 1.02 | — | — | 0.75% | ₹1.5k Cr | 1.8y | |
| Canara Robeco Multi Cap Canara Robeco | 55 | Hold | 1.1% | 14.4% | — | 0.71 | 0.76 | 15.3 | 2.2 | 0.90 | 3★ | 31.0 | 0.65% | ₹5.9k Cr | 3.2y | |
| Nippon India Multi Cap Nippon India | 54 | Hold | -2.3% | 12.8% | 16.7% | 0.44 | 0.59 | 14.4 | 1.8 | 0.97 | 4★ | 27.5 | 0.87% | ₹56.3k Cr | 13.7y | |
| Bajaj Finserv Multi Cap Bajaj Finserv | 54 | Hold | 9.7% | — | — | 0.63 | 0.89 | 13.9 | 3.9 | 0.94 | — | 27.7 | 1.13% | ₹1.6k Cr | 1.6y | |
| Mirae Asset MultiCap Mirae Asset | 50 | Hold | 1.3% | 13.5% | — | 0.48 | 0.65 | 14.5 | 2.4 | 0.98 | 3★ | 26.0 | 0.84% | ₹5.6k Cr | 3.1y | |
| ABSL Multi-Cap Aditya Birla Sun Life | 49 | Hold | 8.3% | 14.6% | 13.2% | 0.68 | 0.76 | 16.0 | 2.0 | 0.93 | — | — | 1.02% | ₹7.5k Cr | 5.4y | |
| Union MultiCap Union | 47 | Hold | 9.0% | 14.9% | — | 0.74 | 0.75 | 15.5 | 2.7 | 0.90 | 4★ | 33.6 | 1.44% | ₹1.6k Cr | 3.8y | |
| SBI MultiCap SBI | 47 | Hold | 0.5% | 13.0% | — | 0.50 | 0.68 | 12.9 | 2.2 | 0.84 | 3★ | 33.4 | 1.07% | ₹24.5k Cr | 4.5y | |
| Motilal Oswal Multi Cap Motilal Oswal | 44 | Avoid | 7.0% | — | — | — | — | — | — | — | — | 48.3 | 1.22% | ₹4.7k Cr | 2.3y | |
| Sundaram Multi Cap Sundaram | 43 | Avoid | 1.4% | 13.0% | 12.0% | 0.95 | 1.31 | 14.8 | -5.0 | 0.95 | — | 26.3 | 1.30% | ₹3.1k Cr | 13.7y | |
| FranklIn India Multi Cap Franklin | 43 | Avoid | 6.3% | — | — | -0.01 | -0.02 | 15.1 | 5.6 | 1.01 | 3★ | 35.3 | 0.96% | ₹5.3k Cr | 2.1y | |
| Baroda Multi Cap Plan B Baroda BNP Paribas | 41 | Avoid | 1.5% | 14.4% | 12.9% | 0.70 | — | 15.7 | 2.4 | 0.90 | 4★ | 31.1 | 1.23% | ₹3.5k Cr | 13.7y | |
| PGIM India Multi Cap PGIM India | 40 | Avoid | 6.3% | — | — | -0.15 | -0.21 | 14.4 | 4.6 | 0.97 | — | 33.2 | 0.85% | ₹468 Cr | 2.0y | |
| DSP Multi Cap DSP | 37 | Avoid | -0.5% | — | — | 0.19 | 0.25 | 14.7 | 1.6 | 0.93 | — | 27.9 | 0.70% | ₹3.0k Cr | 2.7y | |
| Bandhan Multi Cap Bandhan | 36 | Avoid | 0.1% | 12.2% | — | 0.42 | 0.57 | 13.6 | 1.0 | 0.93 | 3★ | 23.4 | 0.95% | ₹3.1k Cr | 4.8y | |
| UTI Multi Cap UTI | 36 | Avoid | 2.0% | 10.5% | — | 0.25 | 0.34 | 13.6 | — | — | — | 19.4 | 0.83% | ₹2.2k Cr | 1.4y | |
| HDFC Multi Cap HDFC | 35 | Avoid | -3.0% | 11.4% | — | 0.33 | 0.44 | 14.8 | 0.1 | 1.02 | 2★ | 26.1 | 0.93% | ₹20.6k Cr | 4.8y | |
| Invesco India Multi Cap Invesco | 33 | Avoid | 0.5% | 13.4% | 11.9% | 0.43 | 0.60 | 15.9 | 2.0 | 1.05 | 5★ | 42.6 | 0.91% | ₹4.5k Cr | 13.7y | |
| Tata MultiCap Tata | 31 | Avoid | 5.9% | 10.1% | — | 0.23 | 0.31 | 15.3 | -1.3 | 1.03 | 1★ | 21.7 | 0.78% | ₹3.6k Cr | 3.6y | |
| Quant Multi Cap Quant | 19 | Avoid | 6.2% | 9.8% | 11.8% | 0.20 | 0.26 | 17.0 | -1.8 | 1.08 | 3★ | 25.1 | 0.99% | ₹7.8k Cr | 13.7y | |
| Samco Multi Cap Samco | 18 | Avoid | -4.3% | — | — | -1.00 | -1.27 | 11.1 | -7.9 | 0.62 | — | 17.0 | 2.24% | ₹230 Cr | 1.9y |
Multi Cap funds — quick answers
›Which is the best Multi Cap mutual fund right now?
Axis MultiCap currently ranks #1 of 32 Multi Cap funds with a FundLens Smart Score of 77/100 (Buy). It returned 19.5% over 3 years at a 1.04% expense ratio (direct plan). Rankings are recomputed from data updated 20 Sept 2026.
›Which Multi Cap fund has the best risk-adjusted returns?
Sundaram Multi Cap leads the category on the Sortino ratio at 1.31 (Sharpe 0.95) — meaning it has delivered the most return per unit of downside risk among Multi Cap funds.
›Which Multi Cap fund has the lowest expense ratio?
Canara Robeco Multi Cap charges 0.65% a year (direct plan) — the lowest in the category. Lower fees compound in your favour over long holding periods.
›Which is the smallest Multi Cap fund by AUM?
Samco Multi Cap manages ₹230 Cr, the smallest in the category. Smaller funds can be nimbler, but check track record and costs before treating size alone as an edge.
›How long should I stay invested in a Multi Cap fund?
Multi Cap funds carry very high risk, so a horizon of 7+ years is generally sensible. Minimum 25% each in large, mid and small caps — diversification by mandate. This is research, not investment advice.
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