Multi cap mutual funds invest across large cap, mid cap and small cap stocks with a mandatory minimum allocation of 25% to each segment. This balanced approach ensures diversification across all market capitalisations while giving fund managers the flexibility to adjust the remaining 25% based on market conditions and opportunities.
Multi cap funds were redefined by SEBI in 2020 with strict allocation rules, making them truly diversified across the market spectrum. They suit investors looking for broad equity exposure with built-in diversification and a 5+ year investment horizon.
| # | Fund Name | NAV (₹) | 1Y Return ▼ | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| 1 | Groww Multicap Fund | 11.37 | +10.80% | — | — |
| 2 | Tata Multicap Fund | 15.64 | +8.00% | +13.50% | — |
| 3 | ITI Multi Cap Fund - Direct Plan - Growth Option | 28.22 | +7.27% | +20.35% | +13.90% |
| 4 | Mahindra Manulife Multi Cap Fund | 43.02 | +6.29% | +20.16% | +17.50% |
| 5 | Bank of India Multi Cap Fund Direct Plan - Growth | 19.32 | +6.04% | +20.07% | — |
| 6 | Union Multicap Fund - Direct Plan - Growth Option | 16.98 | +6.01% | +17.25% | — |
| 7 | Kotak Multicap Fund | 20.69 | +5.74% | +21.64% | — |
| 8 | PGIM India Multi Cap Fund - Direct Plan - Growth Option | 10.14 | +5.07% | — | — |
| 9 | WhiteOak Capital Multi Cap Fund Direct Plan Growth | 15.80 | +4.62% | — | — |
| 10 | ICICI Prudential Multicap Fund | 930.30 | +4.50% | +19.34% | +16.63% |
| 11 | HSBC Multi Cap Fund | 19.84 | +3.31% | +21.39% | — |
| 12 | LIC MF Multi Cap Fund | 18.21 | +3.22% | +19.66% | — |
| 13 | BAJAJ FINSERV MULTI CAP FUND | 11.73 | +3.18% | — | — |
| 14 | quant Multi Cap Fund-GROWTH OPTION | 705.43 | +2.65% | +13.80% | +13.70% |
| 15 | Aditya Birla Sun Life Multi-Cap Fund | 21.20 | +2.12% | +15.67% | +14.50% |
| 16 | Franklin India Multi Cap Fund | 10.49 | +2.06% | — | — |
| 17 | Axis Multicap Fund | 18.96 | +1.55% | +20.41% | — |
| 18 | Edelweiss Multi Cap Fund | 15.62 | +1.35% | — | — |
| 19 | Mirae Asset Multicap Fund | 14.61 | +0.68% | — | — |
| 20 | Baroda BNP Paribas MULTI CAP FUND - Direct Plan - Growth Option | 321.47 | +0.46% | +16.82% | +15.72% |
Data sourced from AMFI & mfapi.in. Returns are annualised CAGR. Past performance doesn't guarantee future results. Last updated: 07 Jun 2026
Frequently Asked Questions
What is the minimum allocation in multi cap funds?
SEBI mandates multi cap funds to invest at least 25% each in large cap, mid cap and small cap stocks, ensuring true diversification across the market.
How are multi cap funds different from flexi cap funds?
Multi cap funds have mandatory 25% allocation to each market cap segment. Flexi cap funds have no such restrictions and can allocate freely across market caps.
Are multi cap funds suitable for SIP?
Yes, SIP in multi cap funds is a great strategy as it gives you automatic diversification across all market segments while averaging out your purchase cost over time.
What returns do multi cap funds typically give?
Multi cap funds have historically delivered 12-16% CAGR over 5-10 year periods, though returns vary based on market conditions and the fund manager’s stock selection.