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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 (%) 2024 (%) JM Multicap Fund Growth ₹98.1048
↑ 0.62 ₹5,338 -5.9 -4.4 18.2 23.3 22.3 33.3 Nippon India Multi Cap Fund Growth ₹273.778
↑ 1.35 ₹39,385 -6.1 -4.5 16.5 22.2 22.7 25.8 HDFC Equity Fund Growth ₹1,834.29
↑ 0.86 ₹66,344 -2.8 1.5 18.5 21.6 22.6 23.5 Motilal Oswal Multicap 35 Fund Growth ₹57.9048
↑ 0.24 ₹13,162 -2.6 4.2 27.7 19.3 16.1 45.7 ICICI Prudential Multicap Fund Growth ₹751.71
↑ 2.74 ₹14,019 -4.3 -2.4 14.7 18.6 20.2 20.7 Parag Parikh Long Term Equity Fund Growth ₹80.9837
↑ 0.56 ₹87,539 2.4 3.8 18.4 17.7 23.9 23.9 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 Invesco India Multicap Fund Growth ₹127.08
↑ 0.33 ₹3,983 -3.2 2.9 17.3 16.8 19.9 29.8 Baroda Pioneer Multi Cap Fund Growth ₹277.513
↑ 1.88 ₹2,850 -3.7 1.1 17.4 16.6 21.9 31.7 Franklin India Equity Fund Growth ₹1,550.06
↓ -0.57 ₹17,947 -2.9 -1.5 14.9 16.4 20.8 21.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 5 Feb 25
(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 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 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 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 (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 1. JM Multicap Fund
CAGR/Annualized return of 15% 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 (05 Feb 25) ₹98.1048 ↑ 0.62 (0.64 %) Net Assets (Cr) ₹5,338 on 31 Dec 24 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 1.71 Information Ratio 1.98 Alpha Ratio 14.5 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 31 Jan 20 ₹10,000 31 Jan 21 ₹10,914 31 Jan 22 ₹14,789 31 Jan 23 ₹15,466 31 Jan 24 ₹23,307 31 Jan 25 ₹27,469 Returns for JM Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -6.4% 3 Month -5.9% 6 Month -4.4% 1 Year 18.2% 3 Year 23.3% 5 Year 22.3% 10 Year 15 Year Since launch 15% Historical performance (Yearly) on absolute basis
Year Returns 2024 33.3% 2023 40% 2022 7.8% 2021 32.9% 2020 11.4% 2019 16.6% 2018 -5.4% 2017 39.5% 2016 10.5% 2015 -2.8% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 3.45 Yr. Asit Bhandarkar 1 Oct 24 0.34 Yr. Chaitanya Choksi 31 Dec 21 3.09 Yr. Ruchi Fozdar 4 Oct 24 0.33 Yr. Data below for JM Multicap Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 21.24% Consumer Cyclical 14.77% Health Care 12.02% Technology 11.7% Industrials 11.46% Basic Materials 8.76% Consumer Defensive 5.45% Utility 4.04% Communication Services 2.97% Energy 1.77% Asset Allocation
Asset Class Value Cash 4.21% Equity 95.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK6% ₹309 Cr 1,745,500
↓ -283,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 20 | INFY5% ₹249 Cr 1,322,750
↑ 140,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK4% ₹221 Cr 1,725,800
↓ -195,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹201 Cr 2,525,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 24 | DRREDDY3% ₹183 Cr 1,320,801
↑ 300,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 24 | ITC3% ₹174 Cr 3,606,000
↑ 1,150,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL3% ₹159 Cr 1,000,000
↓ -53,335 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 24 | 5327553% ₹148 Cr 869,300
↑ 68,000 Biocon Ltd (Healthcare)
Equity, Since 29 Feb 24 | BIOCON3% ₹147 Cr 4,020,318
↑ 720,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT2% ₹132 Cr 366,022 2. Nippon India Multi Cap Fund
CAGR/Annualized return of 18.1% 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 (05 Feb 25) ₹273.778 ↑ 1.35 (0.49 %) Net Assets (Cr) ₹39,385 on 31 Dec 24 Category Equity - Multi Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 1.53 Information Ratio 1.53 Alpha Ratio 6.9 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 31 Jan 20 ₹10,000 31 Jan 21 ₹9,840 31 Jan 22 ₹15,028 31 Jan 23 ₹16,543 31 Jan 24 ₹23,848 31 Jan 25 ₹27,459 Returns for Nippon India Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -6.4% 3 Month -6.1% 6 Month -4.5% 1 Year 16.5% 3 Year 22.2% 5 Year 22.7% 10 Year 15 Year Since launch 18.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 25.8% 2023 38.1% 2022 14.1% 2021 48.9% 2020 0% 2019 2.2% 2018 -2.2% 2017 40.9% 2016 -6.7% 2015 0.5% Fund Manager information for Nippon India Multi Cap Fund
Name Since Tenure Sailesh Raj Bhan 31 Mar 05 19.85 Yr. Ashutosh Bhargava 1 Sep 21 3.42 Yr. Kinjal Desai 25 May 18 6.7 Yr. Data below for Nippon India Multi Cap Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 28.03% Industrials 19.23% Consumer Cyclical 18.53% Health Care 7.47% Technology 6.48% Utility 4.97% Basic Materials 4.56% Consumer Defensive 3.55% Energy 2.78% Communication Services 2.69% Real Estate 0.21% Asset Allocation
Asset Class Value Cash 1.5% Equity 98.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK6% ₹2,358 Cr 13,300,448
↓ -700,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹1,536 Cr 11,981,360 GE Vernova T&D India Ltd (Industrials)
Equity, Since 31 May 12 | 5222753% ₹1,317 Cr 6,341,917 Infosys Ltd (Technology)
Equity, Since 30 Apr 09 | INFY3% ₹1,184 Cr 6,300,504 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 5322153% ₹1,118 Cr 10,500,121 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE3% ₹1,094 Cr 9,000,000 EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | 5008403% ₹1,057 Cr 25,172,654
↓ -15,163 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | 5008502% ₹965 Cr 11,000,112 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 22 | 5000342% ₹934 Cr 1,369,397
↑ 150,000 Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 5234572% ₹914 Cr 1,524,539 3. HDFC Equity Fund
CAGR/Annualized return of 18.9% 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 (05 Feb 25) ₹1,834.29 ↑ 0.86 (0.05 %) Net Assets (Cr) ₹66,344 on 31 Dec 24 Category Equity - Multi Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.56 Sharpe Ratio 1.67 Information Ratio 2.06 Alpha Ratio 8.03 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 31 Jan 20 ₹10,000 31 Jan 21 ₹10,899 31 Jan 22 ₹15,463 31 Jan 23 ₹17,221 31 Jan 24 ₹23,344 31 Jan 25 ₹27,504 Returns for HDFC Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -2.3% 3 Month -2.8% 6 Month 1.5% 1 Year 18.5% 3 Year 21.6% 5 Year 22.6% 10 Year 15 Year Since launch 18.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 23.5% 2023 30.6% 2022 18.3% 2021 36.2% 2020 6.4% 2019 6.8% 2018 -3.5% 2017 36.9% 2016 7.3% 2015 -5.1% Fund Manager information for HDFC Equity Fund
Name Since Tenure Roshi Jain 29 Jul 22 2.51 Yr. Dhruv Muchhal 22 Jun 23 1.62 Yr. Data below for HDFC Equity Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 37.84% Consumer Cyclical 14.3% Health Care 11.58% Technology 6.86% Basic Materials 4.34% Communication Services 4.28% Industrials 4.11% Real Estate 3.1% Consumer Defensive 1.54% Utility 1.16% Energy 0.18% Asset Allocation
Asset Class Value Cash 9.15% Equity 89.3% Debt 1.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK10% ₹6,382 Cr 36,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹6,344 Cr 49,500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | 5322158% ₹5,376 Cr 50,492,787
↑ 2,492,787 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Oct 23 | KOTAKBANK4% ₹2,947 Cr 16,500,000 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 12 | 5000874% ₹2,936 Cr 19,200,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | MARUTI4% ₹2,715 Cr 2,500,000 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE4% ₹2,693 Cr 19,368,082
↑ 592,889 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL4% ₹2,596 Cr 16,352,700 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH4% ₹2,435 Cr 12,700,000
↓ -1,300,000 Piramal Pharma Ltd (Healthcare)
Equity, Since 31 Dec 23 | PPLPHARMA3% ₹1,928 Cr 72,415,689 4. Motilal Oswal Multicap 35 Fund
CAGR/Annualized return of 17.7% 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 (05 Feb 25) ₹57.9048 ↑ 0.24 (0.41 %) Net Assets (Cr) ₹13,162 on 31 Dec 24 Category Equity - Multi Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.94 Sharpe Ratio 2.41 Information Ratio 0.92 Alpha Ratio 22.94 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 31 Jan 20 ₹10,000 31 Jan 21 ₹10,769 31 Jan 22 ₹12,393 31 Jan 23 ₹11,662 31 Jan 24 ₹16,589 31 Jan 25 ₹20,775 Returns for Motilal Oswal Multicap 35 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -10.8% 3 Month -2.6% 6 Month 4.2% 1 Year 27.7% 3 Year 19.3% 5 Year 16.1% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 45.7% 2023 31% 2022 -3% 2021 15.3% 2020 10.3% 2019 7.9% 2018 -7.8% 2017 43.1% 2016 8.5% 2015 14.6% Fund Manager information for Motilal Oswal Multicap 35 Fund
Name Since Tenure Ajay Khandelwal 1 Oct 24 0.34 Yr. Niket Shah 1 Jul 22 2.59 Yr. Santosh Singh 1 Aug 23 1.51 Yr. Rakesh Shetty 22 Nov 22 2.2 Yr. Atul Mehra 1 Oct 24 0.34 Yr. Sunil Sawant 1 Jul 24 0.59 Yr. Data below for Motilal Oswal Multicap 35 Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Consumer Cyclical 29.39% Technology 24.11% Industrials 15.4% Financial Services 13.86% Communication Services 8.09% Health Care 1.71% Asset Allocation
Asset Class Value Cash 7.42% Equity 92.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity Coforge Ltd (Technology)
Equity, Since 31 May 23 | COFORGE11% ₹1,391 Cr 1,440,000
↑ 10,000 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | KALYANKJIL10% ₹1,322 Cr 17,250,000 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 24 | POLYCAB10% ₹1,309 Cr 1,800,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Jan 23 | 50025110% ₹1,300 Cr 1,825,000
↑ 21,084 Persistent Systems Ltd (Technology)
Equity, Since 31 Mar 23 | PERSISTENT10% ₹1,292 Cr 2,000,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Oct 24 | M&M7% ₹977 Cr 3,250,000
↓ -200,000 Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 23 | JIOFIN7% ₹971 Cr 32,500,000 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Apr 24 | 8901574% ₹589 Cr 5,000,000 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 23 | CHOLAFIN4% ₹534 Cr 4,500,000 PG Electroplast Ltd (Technology)
Equity, Since 31 Dec 24 | PGEL4% ₹490 Cr 5,000,000
↑ 5,000,000 5. ICICI Prudential Multicap Fund
CAGR/Annualized return of 15.3% 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 (05 Feb 25) ₹751.71 ↑ 2.74 (0.37 %) Net Assets (Cr) ₹14,019 on 31 Dec 24 Category Equity - Multi Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 1.09 Information Ratio 0.46 Alpha Ratio 1.95 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 31 Jan 20 ₹10,000 31 Jan 21 ₹10,918 31 Jan 22 ₹14,948 31 Jan 23 ₹15,361 31 Jan 24 ₹21,838 31 Jan 25 ₹24,955 Returns for ICICI Prudential Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -2.7% 3 Month -4.3% 6 Month -2.4% 1 Year 14.7% 3 Year 18.6% 5 Year 20.2% 10 Year 15 Year Since launch 15.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 20.7% 2023 35.4% 2022 4.7% 2021 36.4% 2020 9.2% 2019 6% 2018 0.2% 2017 28% 2016 10.1% 2015 3.1% Fund Manager information for ICICI Prudential Multicap Fund
Name Since Tenure Sankaran Naren 1 Jul 22 2.59 Yr. Anand Sharma 1 Jul 22 2.59 Yr. Sharmila D’mello 31 Jul 22 2.51 Yr. Data below for ICICI Prudential Multicap Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 26.34% Basic Materials 12.02% Consumer Cyclical 11.56% Industrials 11.5% Health Care 6.28% Energy 5.88% Communication Services 5.78% Consumer Defensive 4.42% Technology 4.04% Utility 2.29% Real Estate 1.51% Asset Allocation
Asset Class Value Cash 8.4% Equity 91.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹769 Cr 6,001,508 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK4% ₹546 Cr 3,079,864 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE4% ₹500 Cr 4,115,337 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5322153% ₹418 Cr 3,924,873 Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY2% ₹313 Cr 1,663,452 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL2% ₹269 Cr 1,691,248
↑ 133,179 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | MARUTI2% ₹254 Cr 234,282 State Bank of India (Financial Services)
Equity, Since 30 Sep 24 | SBIN2% ₹247 Cr 3,110,277 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 19 | LT2% ₹233 Cr 647,203 Syngene International Ltd (Healthcare)
Equity, Since 31 Aug 23 | 5392681% ₹208 Cr 2,421,504
↑ 173,281 6. Parag Parikh Long Term Equity Fund
CAGR/Annualized return of 19.6% 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 (04 Feb 25) ₹80.9837 ↑ 0.56 (0.70 %) Net Assets (Cr) ₹87,539 on 31 Dec 24 Category Equity - Multi Cap AMC PPFAS Asset Management Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.4 Sharpe Ratio 2.01 Information Ratio 0.12 Alpha Ratio 9.63 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 31 Jan 20 ₹10,000 31 Jan 21 ₹13,049 31 Jan 22 ₹18,105 31 Jan 23 ₹17,744 31 Jan 24 ₹24,386 31 Jan 25 ₹29,413 Returns for Parag Parikh Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -0.6% 3 Month 2.4% 6 Month 3.8% 1 Year 18.4% 3 Year 17.7% 5 Year 23.9% 10 Year 15 Year Since launch 19.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 23.9% 2023 36.6% 2022 -7.2% 2021 45.5% 2020 32.3% 2019 14.4% 2018 -0.4% 2017 29.4% 2016 3.3% 2015 8.9% Fund Manager information for Parag Parikh Long Term Equity Fund
Name Since Tenure Raj Mehta 27 Jan 16 9.02 Yr. Rajeev Thakkar 24 May 13 11.7 Yr. Raunak Onkar 24 May 13 11.7 Yr. Rukun Tarachandani 16 May 22 2.72 Yr. Mansi Kariya 22 Dec 23 1.11 Yr. Data below for Parag Parikh Long Term Equity Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 30.97% Consumer Cyclical 10.23% Technology 9.12% Communication Services 6.9% Energy 6.6% Utility 6.56% Consumer Defensive 5.47% Health Care 3.86% Basic Materials 0.26% Industrials 0.08% Real Estate 0.01% Asset Allocation
Asset Class Value Cash 20.08% Equity 78.67% Debt 1.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK8% ₹7,035 Cr 39,684,109 Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 31 Oct 16 | BAJAJHLDNG7% ₹6,322 Cr 5,318,918
↓ -9,283 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Sep 21 | 5328987% ₹5,729 Cr 185,577,147 Coal India Ltd (Energy)
Equity, Since 31 May 22 | COALINDIA6% ₹5,040 Cr 131,205,815 ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 20 | ITC5% ₹4,788 Cr 98,994,120 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 14 | ICICIBANK5% ₹4,318 Cr 33,693,059 HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 21 | HCLTECH4% ₹3,587 Cr 18,706,973 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | MARUTI4% ₹3,304 Cr 3,043,078 Alphabet Inc Class A (Communication Services)
Equity, Since 31 May 21 | GOOGL3% ₹3,049 Cr 1,881,357
↑ 1,880 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | KOTAKBANK3% ₹2,986 Cr 16,716,551
↑ 2,112,284 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 31 Jan 20 ₹10,000 31 Jan 21 ₹10,635 31 Jan 22 ₹14,893 Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 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 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 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. Invesco India Multicap Fund
CAGR/Annualized return of 16.2% 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 (05 Feb 25) ₹127.08 ↑ 0.33 (0.26 %) Net Assets (Cr) ₹3,983 on 31 Dec 24 Category Equity - Multi Cap AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 1.84 Information Ratio 0.18 Alpha Ratio 10.14 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 31 Jan 20 ₹10,000 31 Jan 21 ₹11,344 31 Jan 22 ₹15,738 31 Jan 23 ₹15,374 31 Jan 24 ₹21,167 31 Jan 25 ₹24,701 Returns for Invesco India Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -7.6% 3 Month -3.2% 6 Month 2.9% 1 Year 17.3% 3 Year 16.8% 5 Year 19.9% 10 Year 15 Year Since launch 16.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 29.8% 2023 31.8% 2022 -2.2% 2021 40.7% 2020 18.8% 2019 4.6% 2018 -12.5% 2017 46.2% 2016 0.7% 2015 6.7% Fund Manager information for Invesco India Multicap Fund
Name Since Tenure Amit Nigam 3 Sep 20 4.42 Yr. Dhimant Kothari 1 Dec 23 1.17 Yr. Data below for Invesco India Multicap Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 17.8% Industrials 17.2% Technology 15.35% Consumer Cyclical 14.79% Health Care 11.23% Basic Materials 7.02% Consumer Defensive 6.76% Real Estate 3.13% Utility 2.21% Communication Services 1.99% Asset Allocation
Asset Class Value Cash 3.35% Equity 96.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 30 Jun 24 | INFY6% ₹246 Cr 1,306,823
↑ 311,767 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹195 Cr 1,524,774 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Jun 24 | 5002513% ₹119 Cr 166,624
↑ 8,000 Coforge Ltd (Technology)
Equity, Since 30 Apr 23 | COFORGE3% ₹100 Cr 103,675 Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Aug 24 | POWERINDIA2% ₹98 Cr 67,715
↑ 7,011 Jyoti CNC Automation Ltd (Industrials)
Equity, Since 31 May 24 | JYOTICNC2% ₹91 Cr 671,423
↓ -59,454 Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Apr 24 | DIXON2% ₹86 Cr 47,703
↓ -5,768 KPIT Technologies Ltd (Technology)
Equity, Since 30 Jun 24 | KPITTECH2% ₹83 Cr 563,817 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Apr 24 | 8901572% ₹79 Cr 672,869
↑ 78,478 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Aug 24 | 5433202% ₹78 Cr 2,809,766
↓ -81,159 9. Baroda Pioneer Multi Cap Fund
CAGR/Annualized return of 16.8% 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 (05 Feb 25) ₹277.513 ↑ 1.88 (0.68 %) Net Assets (Cr) ₹2,850 on 31 Dec 24 Category Equity - Multi Cap AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 2.5 Information Ratio 0.14 Alpha Ratio 13.47 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 31 Jan 20 ₹10,000 31 Jan 21 ₹11,530 31 Jan 22 ₹17,019 31 Jan 23 ₹16,759 31 Jan 24 ₹22,850 31 Jan 25 ₹26,833 Returns for Baroda Pioneer Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -7.2% 3 Month -3.7% 6 Month 1.1% 1 Year 17.4% 3 Year 16.6% 5 Year 21.9% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 31.7% 2023 30.8% 2022 -3% 2021 47.9% 2020 19.5% 2019 8.9% 2018 -11.9% 2017 36.8% 2016 2.3% 2015 -1.6% Fund Manager information for Baroda Pioneer Multi Cap Fund
Name Since Tenure Sanjay Chawla 1 Nov 15 9.26 Yr. Sandeep Jain 14 Mar 22 2.89 Yr. Data below for Baroda Pioneer Multi Cap Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 24.75% Technology 16.04% Industrials 13.19% Health Care 11.36% Consumer Cyclical 7.76% Consumer Defensive 6.94% Basic Materials 5.3% Energy 3.06% Utility 2.78% Communication Services 1.67% Real Estate 1.31% Asset Allocation
Asset Class Value Cash 5.05% Equity 94.95% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹103 Cr 799,815 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK3% ₹89 Cr 499,736 GE Vernova T&D India Ltd (Industrials)
Equity, Since 31 Aug 24 | 5222753% ₹82 Cr 396,712 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE3% ₹76 Cr 625,000 PB Fintech Ltd (Financial Services)
Equity, Since 29 Feb 24 | 5433903% ₹74 Cr 350,000
↓ -50,000 Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Oct 23 | DIXON2% ₹70 Cr 39,000 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 5433202% ₹65 Cr 2,323,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA2% ₹64 Cr 340,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | 5002512% ₹64 Cr 90,000 Oracle Financial Services Software Ltd (Technology)
Equity, Since 30 Apr 24 | OFSS2% ₹64 Cr 50,000 10. Franklin India Equity Fund
CAGR/Annualized return of 18.1% 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 (05 Feb 25) ₹1,550.06 ↓ -0.57 (-0.04 %) Net Assets (Cr) ₹17,947 on 31 Dec 24 Category Equity - Multi Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 1.32 Information Ratio 1.13 Alpha Ratio 5.51 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 31 Jan 20 ₹10,000 31 Jan 21 ₹11,843 31 Jan 22 ₹16,338 31 Jan 23 ₹16,442 31 Jan 24 ₹22,688 31 Jan 25 ₹25,636 Returns for Franklin India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 5 Feb 25 Duration Returns 1 Month -5% 3 Month -2.9% 6 Month -1.5% 1 Year 14.9% 3 Year 16.4% 5 Year 20.8% 10 Year 15 Year Since launch 18.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 21.8% 2023 30.8% 2022 5.3% 2021 40.3% 2020 16% 2019 3.3% 2018 -4.4% 2017 30.6% 2016 5% 2015 4.4% Fund Manager information for Franklin India Equity Fund
Name Since Tenure R. Janakiraman 1 Feb 11 14.01 Yr. Sandeep Manam 18 Oct 21 3.29 Yr. Rajasa Kakulavarapu 1 Dec 23 1.17 Yr. Data below for Franklin India Equity Fund as on 31 Dec 24
Equity Sector Allocation
Sector Value Financial Services 28.12% Consumer Cyclical 12.72% Industrials 11.42% Technology 10.23% Health Care 7.2% Communication Services 5.75% Consumer Defensive 5.63% Basic Materials 5.32% Energy 3.2% Utility 3.02% Real Estate 2.39% Asset Allocation
Asset Class Value Cash 4.07% Equity 95.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK8% ₹1,495 Cr 8,434,642 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK8% ₹1,398 Cr 10,908,206 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL5% ₹883 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% ₹769 Cr 2,131,779 HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH4% ₹682 Cr 3,555,589 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Aug 19 | UNITDSPR3% ₹585 Cr 3,600,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 5322153% ₹566 Cr 5,311,448 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 5433203% ₹473 Cr 17,000,000 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE2% ₹411 Cr 3,384,026
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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