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What are Diversified Funds (Multi Cap Funds)?
In the game of Investing, where returns are essentially important, somehow risk-adjusted returns is what eventually counts. And to strengthen the risk-adjusted returns if one has a long-term view, diversified equities can prove to be beneficial. Diversified funds have historically proven to come out as a winner in most Market conditions given long holding periods. They invest across all spectrums of capitalization, within permitted risk levels. But are these funds for you? Let’s find out.
Diversified Equity Funds, also known as Multi-cap or Flexi cap funds, invest in stocks of companies across market capitalization i.e.,-large cap, mid and small cap stocks. In other words, they have the flexibility to adapt their portfolios according to the market. They typically invest anywhere between 40-60% in large cap stocks, 10-40% in mid-cap stocks and about 10% in small-cap stocks. Sometimes, the exposure to small-caps may be very small or none at all.
Diversified funds do not have any limitations on market caps from an investment point of view. They don’t follow a sectoral approach, instead adopting a growth or Value investing strategy, buying stocks whose price are relatively lower to their historical performance, Book Value, Earnings, cash flow potential and dividend yields.
These funds balance out the risk and reduce the Volatility that usually comes with stock investments by investing across market capitalizations and sectors. Larger companies (large caps) tend to perform better during tough market times than the smaller companies, and they can provide investors with better investment returns. Mid-cap stocks can stabilize Portfolio returns with higher growth potential than the large cap stocks and less risky than the small cap stocks. However, irrespective of the market caps, all stock investments carry a certain level of risk, and investors should closely monitor their investments as business conditions can change daily. Given that the Underlying investment is equity, there is a risk of loss of Capital that can occur in the short term.
Nevertheless, diversified funds have exceptionally performed well over past 5 years, especially after elections, returning 23% p.a. and 21% p.a. for the last 3-5 years, respectively.
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Why to Invest in Diversified Funds?
As diversified funds or multi-cap funds invest across market caps, they have several benefits compared to funds focused on any one particular market cap. Some of these are discussed below:
The foremost advantage of diversified funds is that it reduces the need to keep a track on multiple funds in the portfolio distinctly. As the monies are invested across market capitalization, the need to maintain separate Large cap funds, mid and Small cap funds is eliminated.
During bull market phases, diversified funds tend to outperform large caps (in the long term) by capturing some of the upside offered by small and mid-cap funds. In the bull market rallies, the large-cap valuations (P/E multiples) run up faster to a point where they appear stretched, in such scenario mid-cap stocks tend to outperform.
Since, diversified funds have all three large cap, mid cap and small cap companies in their portfolio, they have potential to deliver good performance on a consistent Basis.
In the Bear Market phases, small and mid-cap stocks tend to suffer sharp declines and liquidity issues. Also, consequently, they face liquidity constraints when Redemption pressures increase during phases of bear markets, especially when investors are exiting investments. On the other hand, diversified funds don’t face liquidity problems as much—as large cap stocks comprise a sustainable portion of the portfolio.
Diversified funds are suitable for investors who start with just one fund and still want to invest across market caps. Also, investors who are not sure of their risk tolerance levels can take advantage of diversified funds.
Fund managers of diversified funds invest in companies of all sizes i.e. large, mid, small cap, based on their long-term growth potential. They also change their portfolio allocations between different sectors from time to time, to maximize fund the performance within defined investment objectives. Investing in diversified or multi-cap funds helps to prevent the tendency of investors to switch between large cap funds and mid-cap/small-cap funds based on short-term performance.
Risk in Diversified Funds
Diversified funds may suffer massively if the moves are extreme, during falls of the markets, diversified funds are affected from than large caps. This is due to the fact that during most declines, the fall in small & mid-caps is much higher. This can lead to higher volatility of returns, causing these funds to have a higher Standard Deviation, which is one of the important parameters to measure a fund's risk. Larger the standard deviation, higher will be the level of risk.
Who Should Invest in Diversified Mutual Funds?
An investor who has a moderate-risk appetite and who wishes to have an exposure in equities can park their funds in diversified funds. Also, investors who are not well-versed with the technique of Asset Allocation in respect to investments can also put a part of their funds here.
Investors incline towards investing in these funds as it holds a mix of stocks across market capitalizations. Any high degree of volatility shown by either small cap or mid cap funds can be balanced by the stability provided by large-cap equity funds. However, the returns from such diversified funds are vastly dependent on the fund manager’s knowledge and intelligence as to how he is able to include stocks as per the market conditions. In this situation, there is a probability of fund manager going wrong in his allocation strategy. That is why it is advisable for investors to study the record of the fund manager before investing in diversified funds.
Taxation on Diversified Equity Funds
The short-term and long-term Capital Gains offered by Mutual Funds are taxed at different rates.
| Fund Type | Short-Term Capital Gains | Long-Term Capital Gains |
|---|---|---|
| Equity funds | 15% + cess + surcharge | Up to Rs. 1 lakh a year is tax-exempt. Any gains above Rs. 1 lakh are taxed at 10% + cess + surcharge |
Best Diversified Funds to Invest in 2025 - 2026
Top performing diversified funds in India are as follows-
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Nippon India Multi Cap Fund Growth ₹251.934
↑ 1.22 ₹37,594 -15.4 -15.7 3.3 22.6 22.5 25.8 HDFC Equity Fund Growth ₹1,732.06
↓ -2.52 ₹65,967 -9 -9 7.6 22.2 23.3 23.5 JM Multicap Fund Growth ₹86.9144
↑ 0.28 ₹5,255 -18 -19.5 -0.4 22.2 20.8 33.3 Motilal Oswal Multicap 35 Fund Growth ₹53.586
↑ 0.42 ₹11,855 -15 -10.7 12.7 20.7 15.5 45.7 ICICI Prudential Multicap Fund Growth ₹687.56
↓ -0.06 ₹13,850 -13.5 -15.7 1.6 18.8 19.9 20.7 Parag Parikh Long Term Equity Fund Growth ₹76.2495
↓ -0.56 ₹89,703 -5.8 -4.4 9.1 17.3 23.5 23.9 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 Franklin India Equity Fund Growth ₹1,435.18
↑ 1.81 ₹17,203 -12.7 -13.6 1.8 17.2 21 21.8 Invesco India Multicap Fund Growth ₹113.5
↑ 1.01 ₹3,728 -17.4 -15.9 3.6 16.6 18.3 29.8 Baroda Pioneer Multi Cap Fund Growth ₹247.722
↑ 1.92 ₹2,650 -17.4 -15 2.4 15.7 20.3 31.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 4 Mar 25
(Erstwhile Reliance Equity Opportunities Fund) The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. Nippon India Multi Cap Fund is a Equity - Multi Cap fund was launched on 28 Mar 05. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Multi Cap Fund Returns up to 1 year are on Aims at providing capital appreciation through investments predominantly in equity oriented securities HDFC Equity Fund is a Equity - Multi Cap fund was launched on 1 Jan 95. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Equity Fund Returns up to 1 year are on (Erstwhile JM Multi Strategy Fund) The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies. JM Multicap Fund is a Equity - Multi Cap fund was launched on 23 Sep 08. It is a fund with Moderately High risk and has given a Below is the key information for JM Multicap Fund Returns up to 1 year are on (Erstwhile Motilal Oswal MOSt Focused Multicap 35 Fund) The investment objective of the Scheme is to achieve long term capital appreciation by primarily investing in a maximum of 35 equity & equity related instruments across sectors and market-capitalization levels.However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Motilal Oswal Multicap 35 Fund is a Equity - Multi Cap fund was launched on 28 Apr 14. It is a fund with Moderately High risk and has given a Below is the key information for Motilal Oswal Multicap 35 Fund Returns up to 1 year are on To generate capital appreciation through investments in equity and equity related securities in core sectors and associated feeder industries. ICICI Prudential Multicap Fund is a Equity - Multi Cap fund was launched on 1 Oct 94. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Multicap Fund Returns up to 1 year are on (Erstwhile Parag Parikh Long Term Value Fund) The investment objective of the scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and equity related securities. Parag Parikh Long Term Equity Fund is a Equity - Multi Cap fund was launched on 24 May 13. It is a fund with Moderately High risk and has given a Below is the key information for Parag Parikh Long Term Equity Fund Returns up to 1 year are on (Erstwhile BNP Paribas Dividend Yield Fund) The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are
defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. BNP Paribas Multi Cap Fund is a Equity - Multi Cap fund was launched on 15 Sep 05. It is a fund with Moderately High risk and has given a Below is the key information for BNP Paribas Multi Cap Fund Returns up to 1 year are on (Erstwhile Franklin India Prima Plus) The investment objective of Prima Plus is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments. Franklin India Equity Fund is a Equity - Multi Cap fund was launched on 29 Sep 94. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Equity Fund Returns up to 1 year are on (Erstwhile Invesco India Mid N Small Cap Fund) The investment objective of the Scheme is to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid and small cap companies. Invesco India Multicap Fund is a Equity - Multi Cap fund was launched on 17 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Multicap Fund Returns up to 1 year are on (Erstwhile Baroda Pioneer Growth Fund) To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments. Baroda Pioneer Multi Cap Fund is a Equity - Multi Cap fund was launched on 12 Sep 03. It is a fund with Moderately High risk and has given a Below is the key information for Baroda Pioneer Multi Cap Fund Returns up to 1 year are on 1. Nippon India Multi Cap Fund
CAGR/Annualized return of 17.6% since its launch. Ranked 63 in Multi Cap category. Return for 2024 was 25.8% , 2023 was 38.1% and 2022 was 14.1% . Nippon India Multi Cap Fund
Growth Launch Date 28 Mar 05 NAV (04 Mar 25) ₹251.934 ↑ 1.22 (0.49 %) Net Assets (Cr) ₹37,594 on 31 Jan 25 Category Equity - Multi Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 0.6 Information Ratio 1.22 Alpha Ratio 5.08 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹12,217 28 Feb 22 ₹15,173 28 Feb 23 ₹17,487 29 Feb 24 ₹25,924 28 Feb 25 ₹27,069 Returns for Nippon India Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -7.5% 3 Month -15.4% 6 Month -15.7% 1 Year 3.3% 3 Year 22.6% 5 Year 22.5% 10 Year 15 Year Since launch 17.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 25.8% 2022 38.1% 2021 14.1% 2020 48.9% 2019 0% 2018 2.2% 2017 -2.2% 2016 40.9% 2015 -6.7% 2014 0.5% Fund Manager information for Nippon India Multi Cap Fund
Name Since Tenure Sailesh Raj Bhan 31 Mar 05 19.93 Yr. Ashutosh Bhargava 1 Sep 21 3.5 Yr. Kinjal Desai 25 May 18 6.77 Yr. Data below for Nippon India Multi Cap Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 30.16% Consumer Cyclical 18.15% Industrials 17.72% Health Care 7.01% Technology 6.03% Utility 5.61% Basic Materials 5.17% Energy 3.15% Consumer Defensive 2.39% Communication Services 1.82% Real Estate 0.2% Asset Allocation
Asset Class Value Cash 2.58% Equity 97.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK6% ₹2,259 Cr 13,300,448 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹1,501 Cr 11,981,360 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 5322154% ₹1,390 Cr 14,099,895
↑ 3,599,774 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE3% ₹1,185 Cr 9,368,975
↑ 368,975 GE Vernova T&D India Ltd (Industrials)
Equity, Since 31 May 12 | 5222753% ₹1,157 Cr 6,471,917
↑ 130,000 Infosys Ltd (Technology)
Equity, Since 30 Apr 09 | INFY3% ₹1,090 Cr 5,800,504
↓ -500,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 22 | 5000343% ₹1,080 Cr 1,369,397 Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 5234573% ₹956 Cr 1,524,539 NTPC Ltd (Utilities)
Equity, Since 30 Jun 23 | 5325552% ₹933 Cr 28,791,467
↑ 5,791,467 EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | 5008402% ₹907 Cr 24,478,983
↓ -693,671 2. HDFC Equity Fund
CAGR/Annualized return of 18.6% since its launch. Ranked 34 in Multi Cap category. Return for 2024 was 23.5% , 2023 was 30.6% and 2022 was 18.3% . HDFC Equity Fund
Growth Launch Date 1 Jan 95 NAV (04 Mar 25) ₹1,732.06 ↓ -2.52 (-0.15 %) Net Assets (Cr) ₹65,967 on 31 Jan 25 Category Equity - Multi Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.56 Sharpe Ratio 1.03 Information Ratio 2.14 Alpha Ratio 7.41 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹13,350 28 Feb 22 ₹15,965 28 Feb 23 ₹18,358 29 Feb 24 ₹26,134 28 Feb 25 ₹28,569 Returns for HDFC Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -5.5% 3 Month -9% 6 Month -9% 1 Year 7.6% 3 Year 22.2% 5 Year 23.3% 10 Year 15 Year Since launch 18.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.5% 2022 30.6% 2021 18.3% 2020 36.2% 2019 6.4% 2018 6.8% 2017 -3.5% 2016 36.9% 2015 7.3% 2014 -5.1% Fund Manager information for HDFC Equity Fund
Name Since Tenure Roshi Jain 29 Jul 22 2.59 Yr. Dhruv Muchhal 22 Jun 23 1.69 Yr. Data below for HDFC Equity Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 38.64% Consumer Cyclical 15.43% Health Care 10.33% Technology 5.99% Industrials 4.87% Basic Materials 4.67% Communication Services 4.33% Real Estate 2.97% Consumer Defensive 1.33% Utility 1.14% Energy 0.19% Asset Allocation
Asset Class Value Cash 8.54% Equity 89.9% Debt 1.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹6,201 Cr 49,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK9% ₹6,116 Cr 36,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | 5322158% ₹5,522 Cr 56,000,000
↑ 5,507,213 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Oct 23 | KOTAKBANK5% ₹3,137 Cr 16,500,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | MARUTI5% ₹3,078 Cr 2,500,000 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE4% ₹2,893 Cr 19,500,000
↑ 131,918 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 12 | 5000874% ₹2,840 Cr 19,200,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL4% ₹2,635 Cr 16,200,000
↓ -152,700 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH3% ₹2,071 Cr 12,000,000
↓ -700,000 Piramal Pharma Ltd (Healthcare)
Equity, Since 31 Dec 23 | 5436353% ₹1,761 Cr 75,597,677
↑ 3,181,988 3. JM Multicap Fund
CAGR/Annualized return of 14.1% since its launch. Ranked 16 in Multi Cap category. Return for 2024 was 33.3% , 2023 was 40% and 2022 was 7.8% . JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (04 Mar 25) ₹86.9144 ↑ 0.28 (0.33 %) Net Assets (Cr) ₹5,255 on 31 Jan 25 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.67 Information Ratio 1.42 Alpha Ratio 7.28 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-60 Days (1%),60 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹12,336 28 Feb 22 ₹14,716 28 Feb 23 ₹15,934 29 Feb 24 ₹25,188 28 Feb 25 ₹25,537 Returns for JM Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -10.8% 3 Month -18% 6 Month -19.5% 1 Year -0.4% 3 Year 22.2% 5 Year 20.8% 10 Year 15 Year Since launch 14.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 33.3% 2022 40% 2021 7.8% 2020 32.9% 2019 11.4% 2018 16.6% 2017 -5.4% 2016 39.5% 2015 10.5% 2014 -2.8% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 3.53 Yr. Asit Bhandarkar 1 Oct 24 0.41 Yr. Chaitanya Choksi 31 Dec 21 3.17 Yr. Ruchi Fozdar 4 Oct 24 0.41 Yr. Data below for JM Multicap Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 27.15% Consumer Cyclical 17.58% Health Care 12.66% Industrials 10.89% Technology 10.54% Basic Materials 7.96% Consumer Defensive 5.24% Utility 2.9% Communication Services 2.57% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK6% ₹322 Cr 1,895,500
↑ 150,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK5% ₹260 Cr 2,075,800
↑ 350,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 20 | INFY5% ₹249 Cr 1,322,750 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹209 Cr 2,700,000
↑ 175,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | MARUTI3% ₹182 Cr 147,679
↑ 147,679 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 24 | DRREDDY3% ₹161 Cr 1,320,801 Biocon Ltd (Healthcare)
Equity, Since 29 Feb 24 | BIOCON3% ₹160 Cr 4,420,318
↑ 400,000 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 24 | 5327553% ₹154 Cr 919,300
↑ 50,000 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Sep 24 | 5329773% ₹149 Cr 168,165
↑ 80,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL3% ₹135 Cr 830,000
↓ -170,000 4. Motilal Oswal Multicap 35 Fund
CAGR/Annualized return of 16.7% since its launch. Ranked 5 in Multi Cap category. Return for 2024 was 45.7% , 2023 was 31% and 2022 was -3% . Motilal Oswal Multicap 35 Fund
Growth Launch Date 28 Apr 14 NAV (04 Mar 25) ₹53.586 ↑ 0.42 (0.78 %) Net Assets (Cr) ₹11,855 on 31 Jan 25 Category Equity - Multi Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.94 Sharpe Ratio 0.9 Information Ratio 0.49 Alpha Ratio 13.01 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹11,931 28 Feb 22 ₹12,199 28 Feb 23 ₹12,226 29 Feb 24 ₹18,009 28 Feb 25 ₹20,280 Returns for Motilal Oswal Multicap 35 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -7.1% 3 Month -15% 6 Month -10.7% 1 Year 12.7% 3 Year 20.7% 5 Year 15.5% 10 Year 15 Year Since launch 16.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 45.7% 2022 31% 2021 -3% 2020 15.3% 2019 10.3% 2018 7.9% 2017 -7.8% 2016 43.1% 2015 8.5% 2014 14.6% Fund Manager information for Motilal Oswal Multicap 35 Fund
Name Since Tenure Ajay Khandelwal 1 Oct 24 0.41 Yr. Niket Shah 1 Jul 22 2.67 Yr. Santosh Singh 1 Aug 23 1.58 Yr. Rakesh Shetty 22 Nov 22 2.27 Yr. Atul Mehra 1 Oct 24 0.41 Yr. Sunil Sawant 1 Jul 24 0.67 Yr. Data below for Motilal Oswal Multicap 35 Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Consumer Cyclical 22.53% Technology 21.94% Industrials 18.17% Financial Services 9.9% Communication Services 9.17% Health Care 1.79% Asset Allocation
Asset Class Value Cash 20.96% Equity 79.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Coforge Ltd (Technology)
Equity, Since 31 May 23 | COFORGE9% ₹1,126 Cr 1,362,525
↓ -77,475 Persistent Systems Ltd (Technology)
Equity, Since 31 Mar 23 | PERSISTENT9% ₹1,084 Cr 1,796,350
↓ -203,650 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 24 | POLYCAB9% ₹1,079 Cr 1,786,833
↓ -13,167 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 23 | 5002519% ₹1,056 Cr 1,835,546
↑ 10,546 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | KALYANKJIL7% ₹868 Cr 17,250,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Oct 24 | M&M6% ₹747 Cr 2,500,000
↓ -750,000 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Apr 24 | 8901575% ₹600 Cr 5,000,000 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 23 | CHOLAFIN5% ₹579 Cr 4,500,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Apr 24 | BHARTIARTL4% ₹488 Cr 3,000,000 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Jan 25 | 5000933% ₹413 Cr 6,500,000
↑ 6,500,000 5. ICICI Prudential Multicap Fund
CAGR/Annualized return of 14.9% since its launch. Ranked 49 in Multi Cap category. Return for 2024 was 20.7% , 2023 was 35.4% and 2022 was 4.7% . ICICI Prudential Multicap Fund
Growth Launch Date 1 Oct 94 NAV (04 Mar 25) ₹687.56 ↓ -0.06 (-0.01 %) Net Assets (Cr) ₹13,850 on 31 Jan 25 Category Equity - Multi Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.6 Information Ratio 0.66 Alpha Ratio 4.5 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹13,055 28 Feb 22 ₹15,290 28 Feb 23 ₹16,409 29 Feb 24 ₹24,105 28 Feb 25 ₹24,800 Returns for ICICI Prudential Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -8.2% 3 Month -13.5% 6 Month -15.7% 1 Year 1.6% 3 Year 18.8% 5 Year 19.9% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 20.7% 2022 35.4% 2021 4.7% 2020 36.4% 2019 9.2% 2018 6% 2017 0.2% 2016 28% 2015 10.1% 2014 3.1% Fund Manager information for ICICI Prudential Multicap Fund
Name Since Tenure Sankaran Naren 1 Jul 22 2.67 Yr. Anand Sharma 1 Jul 22 2.67 Yr. Sharmila D’mello 31 Jul 22 2.59 Yr. Data below for ICICI Prudential Multicap Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 26.72% Basic Materials 12.85% Industrials 12.35% Consumer Cyclical 10.76% Consumer Defensive 6.98% Energy 5.9% Communication Services 5.35% Health Care 5.26% Technology 4.56% Utility 2.39% Real Estate 1.09% Asset Allocation
Asset Class Value Cash 5.81% Equity 94.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹752 Cr 6,001,508 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK4% ₹566 Cr 3,330,828
↑ 250,964 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE3% ₹457 Cr 3,615,337
↓ -500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5322153% ₹414 Cr 4,201,052
↑ 276,179 Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY3% ₹369 Cr 1,963,452
↑ 300,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL2% ₹275 Cr 1,691,248 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 19 | LT2% ₹252 Cr 706,010
↑ 58,807 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | MARUTI2% ₹251 Cr 204,282
↓ -30,000 State Bank of India (Financial Services)
Equity, Since 30 Sep 24 | SBIN2% ₹240 Cr 3,110,277 Adani Wilmar Ltd (Consumer Defensive)
Equity, Since 31 Jan 25 | 5434582% ₹240 Cr 9,000,000
↑ 9,000,000 6. Parag Parikh Long Term Equity Fund
CAGR/Annualized return of 18.8% since its launch. Ranked 34 in Multi Cap category. Return for 2024 was 23.9% , 2023 was 36.6% and 2022 was -7.2% . Parag Parikh Long Term Equity Fund
Growth Launch Date 24 May 13 NAV (03 Mar 25) ₹76.2495 ↓ -0.56 (-0.72 %) Net Assets (Cr) ₹89,703 on 31 Jan 25 Category Equity - Multi Cap AMC PPFAS Asset Management Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.4 Sharpe Ratio 1.59 Information Ratio 0.5 Alpha Ratio 10.31 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (2%),365-730 Days (1%),730 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹14,117 28 Feb 22 ₹18,140 28 Feb 23 ₹18,557 29 Feb 24 ₹26,494 28 Feb 25 ₹29,368 Returns for Parag Parikh Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -5.2% 3 Month -5.8% 6 Month -4.4% 1 Year 9.1% 3 Year 17.3% 5 Year 23.5% 10 Year 15 Year Since launch 18.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.9% 2022 36.6% 2021 -7.2% 2020 45.5% 2019 32.3% 2018 14.4% 2017 -0.4% 2016 29.4% 2015 3.3% 2014 8.9% Fund Manager information for Parag Parikh Long Term Equity Fund
Name Since Tenure Raj Mehta 27 Jan 16 9.1 Yr. Rajeev Thakkar 24 May 13 11.78 Yr. Raunak Onkar 24 May 13 11.78 Yr. Rukun Tarachandani 16 May 22 2.79 Yr. Mansi Kariya 22 Dec 23 1.19 Yr. Data below for Parag Parikh Long Term Equity Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 30.2% Consumer Cyclical 12% Technology 8.49% Communication Services 7.68% Energy 7.01% Utility 6.25% Consumer Defensive 4.94% Health Care 3.67% Basic Materials 0.24% Industrials 0.07% Real Estate 0.01% Asset Allocation
Asset Class Value Cash 20.27% Equity 79.13% Debt 0.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK8% ₹7,273 Cr 42,813,069
↑ 3,128,960 Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 31 Oct 16 | BAJAJHLDNG7% ₹6,149 Cr 5,318,918 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Sep 21 | 5328986% ₹5,598 Cr 185,577,147 Coal India Ltd (Energy)
Equity, Since 31 May 22 | COALINDIA6% ₹5,516 Cr 139,335,199
↑ 8,129,384 ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 20 | ITC5% ₹4,430 Cr 98,994,120 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 14 | ICICIBANK5% ₹4,383 Cr 34,986,740
↑ 1,293,681 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | KOTAKBANK4% ₹3,756 Cr 19,753,232
↑ 3,036,681 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | MARUTI4% ₹3,715 Cr 3,018,078
↓ -25,000 Meta Platforms Inc Class A (Communication Services)
Equity, Since 31 Jul 17 | META4% ₹3,528 Cr 591,056 Alphabet Inc Class A (Communication Services)
Equity, Since 31 May 21 | GOOGL4% ₹3,325 Cr 1,881,947
↑ 590 7. BNP Paribas Multi Cap Fund
CAGR/Annualized return of 12.9% since its launch. Ranked 18 in Multi Cap category. . BNP Paribas Multi Cap Fund
Growth Launch Date 15 Sep 05 NAV (13 Mar 22) ₹73.5154 ↓ -0.01 (-0.01 %) Net Assets (Cr) ₹588 on 31 Jan 22 Category Equity - Multi Cap AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 2.86 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹12,327 28 Feb 22 ₹15,311 Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -4.4% 3 Month -4.6% 6 Month -2.6% 1 Year 19.3% 3 Year 17.3% 5 Year 13.6% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for BNP Paribas Multi Cap Fund
Name Since Tenure Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 8. Franklin India Equity Fund
CAGR/Annualized return of 17.7% since its launch. Ranked 50 in Multi Cap category. Return for 2024 was 21.8% , 2023 was 30.8% and 2022 was 5.3% . Franklin India Equity Fund
Growth Launch Date 29 Sep 94 NAV (04 Mar 25) ₹1,435.18 ↑ 1.81 (0.13 %) Net Assets (Cr) ₹17,203 on 31 Jan 25 Category Equity - Multi Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 0.5 Information Ratio 0.65 Alpha Ratio 2.74 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹13,850 28 Feb 22 ₹16,698 28 Feb 23 ₹17,327 29 Feb 24 ₹24,960 28 Feb 25 ₹25,727 Returns for Franklin India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -7.4% 3 Month -12.7% 6 Month -13.6% 1 Year 1.8% 3 Year 17.2% 5 Year 21% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 21.8% 2022 30.8% 2021 5.3% 2020 40.3% 2019 16% 2018 3.3% 2017 -4.4% 2016 30.6% 2015 5% 2014 4.4% Fund Manager information for Franklin India Equity Fund
Name Since Tenure R. Janakiraman 1 Feb 11 14.09 Yr. Sandeep Manam 18 Oct 21 3.37 Yr. Rajasa Kakulavarapu 1 Dec 23 1.25 Yr. Data below for Franklin India Equity Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 28.3% Industrials 12.46% Consumer Cyclical 11.82% Technology 10.25% Health Care 7.12% Communication Services 6.22% Consumer Defensive 5.53% Basic Materials 4.6% Utility 3.95% Energy 2.93% Real Estate 2.22% Asset Allocation
Asset Class Value Cash 3.62% Equity 96.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK8% ₹1,433 Cr 8,434,642 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK8% ₹1,367 Cr 10,908,206 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL5% ₹904 Cr 5,558,607 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY5% ₹870 Cr 4,627,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT4% ₹760 Cr 2,131,779 HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH4% ₹613 Cr 3,555,589 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 5322153% ₹524 Cr 5,311,448 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Aug 19 | UNITDSPR3% ₹513 Cr 3,600,000 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE2% ₹428 Cr 3,384,026 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5433202% ₹424 Cr 19,250,000
↑ 2,250,000 9. Invesco India Multicap Fund
CAGR/Annualized return of 15.4% since its launch. Ranked 37 in Multi Cap category. Return for 2024 was 29.8% , 2023 was 31.8% and 2022 was -2.2% . Invesco India Multicap Fund
Growth Launch Date 17 Mar 08 NAV (04 Mar 25) ₹113.5 ↑ 1.01 (0.90 %) Net Assets (Cr) ₹3,728 on 31 Jan 25 Category Equity - Multi Cap AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.66 Information Ratio 0.02 Alpha Ratio 6.39 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹12,638 28 Feb 22 ₹14,957 28 Feb 23 ₹15,479 29 Feb 24 ₹21,890 28 Feb 25 ₹22,703 Returns for Invesco India Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -10.5% 3 Month -17.4% 6 Month -15.9% 1 Year 3.6% 3 Year 16.6% 5 Year 18.3% 10 Year 15 Year Since launch 15.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 29.8% 2022 31.8% 2021 -2.2% 2020 40.7% 2019 18.8% 2018 4.6% 2017 -12.5% 2016 46.2% 2015 0.7% 2014 6.7% Fund Manager information for Invesco India Multicap Fund
Name Since Tenure Amit Nigam 3 Sep 20 4.49 Yr. Dhimant Kothari 1 Dec 23 1.25 Yr. Data below for Invesco India Multicap Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 17.59% Industrials 16.09% Technology 14.25% Consumer Cyclical 13.88% Health Care 12.43% Basic Materials 8.77% Consumer Defensive 6.67% Real Estate 3.17% Utility 2.58% Communication Services 2.25% Asset Allocation
Asset Class Value Cash 2.33% Equity 97.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Jun 24 | INFY6% ₹210 Cr 1,117,999
↓ -188,824 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹154 Cr 1,231,144
↓ -293,630 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 24 | 5002513% ₹120 Cr 209,077
↑ 42,453 Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Aug 24 | POWERINDIA3% ₹110 Cr 85,290
↑ 17,575 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 25 | HDFCBANK2% ₹92 Cr 540,399
↑ 540,399 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Apr 24 | 8901572% ₹84 Cr 700,390
↑ 27,521 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | CHOLAFIN2% ₹83 Cr 644,407 Tata Consumer Products Ltd (Consumer Defensive)
Equity, Since 30 Jun 24 | 5008002% ₹79 Cr 772,652 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 30 Sep 24 | VBL2% ₹74 Cr 1,379,496
↑ 163,114 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 31 May 23 | MCX2% ₹65 Cr 113,063
↓ -2,196 10. Baroda Pioneer Multi Cap Fund
CAGR/Annualized return of 16.1% since its launch. Ranked 37 in Multi Cap category. Return for 2024 was 31.7% , 2023 was 30.8% and 2022 was -3% . Baroda Pioneer Multi Cap Fund
Growth Launch Date 12 Sep 03 NAV (04 Mar 25) ₹247.722 ↑ 1.92 (0.78 %) Net Assets (Cr) ₹2,650 on 31 Jan 25 Category Equity - Multi Cap AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 0.77 Information Ratio 0.05 Alpha Ratio 7.28 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 29 Feb 20 ₹10,000 28 Feb 21 ₹13,230 28 Feb 22 ₹16,706 28 Feb 23 ₹17,174 29 Feb 24 ₹24,360 28 Feb 25 ₹25,057 Returns for Baroda Pioneer Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 4 Mar 25 Duration Returns 1 Month -10.1% 3 Month -17.4% 6 Month -15% 1 Year 2.4% 3 Year 15.7% 5 Year 20.3% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.7% 2022 30.8% 2021 -3% 2020 47.9% 2019 19.5% 2018 8.9% 2017 -11.9% 2016 36.8% 2015 2.3% 2014 -1.6% Fund Manager information for Baroda Pioneer Multi Cap Fund
Name Since Tenure Sanjay Chawla 1 Nov 15 9.34 Yr. Sandeep Jain 14 Mar 22 2.97 Yr. Data below for Baroda Pioneer Multi Cap Fund as on 31 Jan 25
Equity Sector Allocation
Sector Value Financial Services 23.45% Technology 13.5% Health Care 13.23% Industrials 12.3% Consumer Cyclical 10.68% Consumer Defensive 9.03% Basic Materials 5.17% Energy 3.58% Utility 2% Communication Services 1.84% Real Estate 1.42% Asset Allocation
Asset Class Value Cash 2.92% Equity 97.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹100 Cr 799,815 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE4% ₹95 Cr 750,000
↑ 125,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK3% ₹85 Cr 499,736 Infosys Ltd (Technology)
Equity, Since 29 Feb 24 | INFY2% ₹60 Cr 320,000 Sagility India Ltd (Healthcare)
Equity, Since 30 Nov 24 | SAGILITY2% ₹60 Cr 12,031,677 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA2% ₹59 Cr 340,000 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 24 | NAVINFLUOR2% ₹58 Cr 140,000
↑ 30,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Jun 24 | DIVISLAB2% ₹56 Cr 100,000 Mrs Bectors Food Specialities Ltd Ordinary Shares (Consumer Defensive)
Equity, Since 30 Apr 23 | BECTORFOOD2% ₹56 Cr 379,226 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Sep 20 | RADICO2% ₹54 Cr 249,003
↑ 42,000
Conclusion
When making a long-term investment, investors are advised to take into account their risk appetite. Investors who wish to invest in equity funds should smartly allocate funds to their portfolio. However, there are no hard and fast rules, investors should see the level of risk they can take and then decide the funds to invest. Investors could thoroughly study these funds and invest according to their investment objectives by adding the Best diversified funds to their portfolio.
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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