Best Multi Cap Funds
Minimum 25% each in large, mid and small caps — diversification by mandate.
Data updated · 33 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 | 78 | Strong Buy | 5.4% | 17.8% | — | 0.82 | 1.03 | 16.3 | 6.9 | 0.91 | 5★ | 32.6 | 1.03% | ₹12.0k Cr | 4.8y | |
| WhiteOak Capital Multi Cap WhiteOak | 77 | Buy | 2.5% | 17.0% | — | 0.77 | 0.98 | 15.7 | 5.9 | 0.89 | 5★ | 26.2 | 0.89% | ₹4.3k Cr | 3.1y | |
| Kotak MultiCap Kotak | 70 | Buy | -0.5% | 15.2% | 15.7% | 0.63 | — | 17.6 | 4.1 | 1.00 | — | — | 0.70% | ₹30.3k Cr | 5.1y | |
| LIC MF Multi Cap LIC | 69 | Buy | 4.3% | 16.6% | — | 0.68 | 0.88 | 18.2 | 5.2 | 1.01 | 5★ | 30.7 | 0.78% | ₹2.2k Cr | 4.0y | |
| HSBC Multi Cap HSBC | 69 | Buy | 3.5% | 16.2% | — | 0.68 | 0.81 | 17.9 | 5.1 | 1.01 | 5★ | 30.3 | 0.81% | ₹6.4k Cr | 3.7y | |
| Mahindra Manulife Multi Cap Mahindra Manulife | 69 | Buy | 7.6% | 15.9% | 13.5% | 0.67 | 0.75 | 17.0 | 4.6 | 0.96 | 5★ | 24.0 | 0.93% | ₹7.5k Cr | 9.5y | |
| Edelweiss Multi Cap Edelweiss | 67 | Buy | 1.1% | — | — | 0.64 | 0.87 | 15.2 | 4.3 | 1.03 | — | 26.4 | 0.71% | ₹3.3k Cr | 3.0y | |
| Bank Of India Multi Cap Bank of India | 62 | Buy | 8.3% | 16.4% | — | 0.69 | 0.81 | 16.6 | 4.9 | 0.94 | 5★ | 22.9 | 1.19% | ₹1.3k Cr | 3.6y | |
| ITI Multi Cap ITI | 61 | Hold | 9.2% | 15.8% | 12.7% | 0.65 | 0.75 | 17.7 | 4.5 | 1.00 | 4★ | 31.4 | 0.87% | ₹1.5k Cr | 7.4y | |
| ICICI Pru Multi Cap ICICI Pru | 56 | Hold | 1.4% | 13.5% | 12.5% | 0.60 | 0.69 | 16.3 | 3.3 | 0.92 | 4★ | 27.0 | 1.02% | ₹18.7k Cr | 13.8y | |
| TrustMF Multi Cap Trust | 55 | Hold | 12.5% | — | — | 0.48 | 0.65 | 14.3 | 14.3 | 0.95 | — | 37.5 | 1.81% | ₹914 Cr | 1.3y | |
| Canara Robeco Multi Cap Canara Robeco | 54 | Hold | -1.4% | 12.8% | — | 0.53 | 0.61 | 16.0 | 2.0 | 0.91 | 3★ | 29.2 | 0.66% | ₹5.7k Cr | 3.2y | |
| Nippon India Multi Cap Nippon India | 54 | Hold | -4.4% | 11.8% | 14.5% | 0.36 | 0.49 | 14.5 | 1.2 | 0.97 | 4★ | 25.7 | 0.88% | ₹53.8k Cr | 13.8y | |
| The Wealth Company Multi Cap The Wealth Company | 53 | Hold | — | — | — | — | — | — | — | — | — | 25.0 | 0.47% | ₹139 Cr | 0.1y | |
| Bajaj Finserv Multi Cap Bajaj Finserv | 52 | Hold | 6.9% | — | — | 0.42 | 0.59 | 13.9 | 3.1 | 0.93 | — | 24.7 | 1.09% | ₹1.6k Cr | 1.6y | |
| Mirae Asset MultiCap Mirae Asset | 50 | Hold | -1.6% | 12.3% | — | 0.40 | 0.53 | 14.6 | 1.6 | 0.98 | 3★ | 24.9 | 0.87% | ₹5.4k Cr | 3.2y | |
| Union MultiCap Union | 49 | Hold | 5.6% | 13.7% | — | 0.58 | 0.63 | 16.0 | 2.9 | 0.90 | 4★ | 32.2 | 1.41% | ₹1.5k Cr | 3.8y | |
| ABSL Multi-Cap Aditya Birla Sun Life | 49 | Hold | 3.3% | 13.0% | 11.1% | 0.55 | 0.60 | 16.4 | 2.5 | 0.93 | — | — | 1.02% | ₹7.2k Cr | 5.4y | |
| Groww MultiCap Groww | 46 | Hold | 13.3% | — | — | 0.31 | 0.44 | 15.5 | 11.1 | 1.01 | — | — | 1.12% | ₹1.7k Cr | 1.8y | |
| Motilal Oswal Multi Cap Motilal Oswal | 45 | Hold | 6.6% | — | — | — | — | — | — | — | — | 51.9 | 1.21% | ₹4.6k Cr | 2.3y | |
| Bandhan Multi Cap Bandhan | 43 | Avoid | -0.9% | 11.8% | — | 0.39 | 0.52 | 13.7 | 0.9 | 0.93 | 3★ | 21.5 | 0.94% | ₹2.9k Cr | 4.9y | |
| SBI MultiCap SBI | 41 | Avoid | -4.0% | 11.3% | — | 0.37 | 0.49 | 13.1 | 0.9 | 0.84 | 3★ | 32.3 | 1.09% | ₹23.5k Cr | 4.6y | |
| FranklIn India Multi Cap Franklin | 41 | Avoid | 1.8% | — | — | -0.18 | -0.24 | 15.0 | 4.2 | 1.00 | 3★ | 34.8 | 1.01% | ₹5.1k Cr | 2.2y | |
| DSP Multi Cap DSP | 40 | Avoid | -1.8% | — | — | 0.10 | 0.13 | 14.6 | 1.5 | 0.92 | — | 26.4 | 0.68% | ₹2.9k Cr | 2.8y | |
| PGIM India Multi Cap PGIM India | 40 | Avoid | 2.6% | — | — | -0.27 | -0.36 | 14.3 | 4.0 | 0.97 | — | 31.5 | 0.84% | ₹460 Cr | 2.1y | |
| Baroda Multi Cap Plan B Baroda BNP Paribas | 39 | Avoid | -1.6% | 13.1% | 10.2% | 0.54 | — | 16.3 | 2.4 | 0.92 | 4★ | 28.9 | 1.20% | ₹3.3k Cr | 13.8y | |
| Sundaram Multi Cap Sundaram | 39 | Avoid | -3.6% | 11.4% | 9.7% | 0.95 | 1.31 | 14.8 | -5.0 | 0.95 | 4★ | 24.5 | 1.27% | ₹2.9k Cr | 13.8y | |
| Invesco India Multi Cap Invesco | 36 | Avoid | -3.2% | 11.8% | 10.3% | 0.33 | 0.45 | 16.0 | 0.9 | 1.05 | 5★ | 40.1 | 0.93% | ₹4.3k Cr | 13.8y | |
| HDFC Multi Cap HDFC | 32 | Avoid | -6.1% | 10.1% | — | 0.24 | 0.32 | 14.9 | -0.7 | 1.01 | 2★ | 24.1 | 0.94% | ₹19.5k Cr | 4.9y | |
| Tata MultiCap Tata | 32 | Avoid | 3.4% | 9.1% | — | 0.17 | 0.23 | 15.4 | -1.8 | 1.03 | 2★ | 23.4 | 0.80% | ₹3.4k Cr | 3.7y | |
| UTI Multi Cap UTI | 32 | Avoid | -0.9% | 10.5% | — | 0.25 | 0.34 | 13.6 | — | — | — | 18.2 | 1.13% | ₹2.1k Cr | 1.5y | |
| Quant Multi Cap Quant | 20 | Avoid | 3.7% | 9.0% | 9.6% | 0.15 | 0.20 | 17.1 | -2.0 | 1.08 | 3★ | 26.1 | 1.01% | ₹7.5k Cr | 13.8y | |
| Samco Multi Cap Samco | 19 | Avoid | -3.1% | — | — | -1.06 | -1.34 | 11.2 | -7.9 | 0.62 | — | 16.9 | 2.20% | ₹220 Cr | 2.0y |
Multi Cap funds — quick answers
›Which is the best Multi Cap mutual fund right now?
Axis MultiCap currently ranks #1 of 33 Multi Cap funds with a FundLens Smart Score of 78/100 (Strong Buy). It returned 17.8% over 3 years at a 1.03% expense ratio (direct plan). Rankings are recomputed from data updated 18 Oct 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?
The Wealth Company Multi Cap charges 0.47% 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?
The Wealth Company Multi Cap manages ₹139 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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