Multi cap funds in India
33 live funds in the Multi Cap category, ordered by 5-year return, highest first; Kotak Multi Cap Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 28 Oct 2026; 3 and 5 year returns are a year, compounded.
- Category median, 1 yearCategory median, 1 year. The middle return among the Multi Cap category's funds, each over the same window to its own latest NAV, on their Direct plans.
- −1.79%Middle of 32 funds
- Category median, 3 yearsCategory median, 3 years. The middle return among the Multi Cap category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +13.44%Middle of 22 funds
- Category median, 5 yearsCategory median, 5 years. The middle return among the Multi Cap category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +11.68%Middle of 10 funds
Multi Cap funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
Kotak Multi Cap FundKotak Mahindra Mutual FundNAV₹20.227027 Oct 20261Y−5.02%3Y+15.31%5Y+14.91%Size₹29,878 CrCost0.69%
Nippon India Multi Cap FundNippon India Mutual FundNAV₹308.623827 Oct 20261Y−8.03%3Y+11.90%5Y+14.28%Size₹55,566 CrCost0.89%
Mahindra Manulife Multi Cap FundMahindra Manulife Mutual FundNAV₹43.40901Y+2.76%3Y+15.77%5Y+13.66%Size₹7,383 CrCost0.94%
ITI Multi Cap FundITI Mutual FundNAV₹28.612027 Oct 20261Y+5.81%3Y+16.02%5Y+12.71%Size₹1,503 CrCost0.85%
ICICI Prudential Multi Cap FundICICI Prudential Mutual FundNAV₹878.180027 Oct 20261Y−2.95%3Y+13.44%5Y+12.02%Size₹18,973 CrCost1.02%
Aditya Birla Sun Life Multi-Cap FundAditya Birla Sun Life Mutual FundNAV₹21.57001Y+0.65%3Y+13.74%5Y+11.34%Size₹7,306 CrCost1.01%
Baroda BNP Paribas Multi Cap FundBaroda BNP Paribas Mutual FundNAV₹313.685727 Oct 20261Y−4.76%3Y+13.44%5Y+10.23%Size₹3,426 CrCost1.18%
Invesco India Multi Cap FundInvesco Mutual FundNAV₹149.330027 Oct 20261Y−5.55%3Y+11.88%5Y+9.94%Size₹4,431 CrCost0.94%
Sundaram Multi Cap FundSundaram Mutual FundNAV₹407.611127 Oct 20261Y−7.84%3Y+11.44%5Y+9.78%Size₹3,003 CrCost1.25%
quant Multi Cap Fundquant Mutual FundNAV₹689.771527 Oct 20261Y+0.18%3Y+9.66%5Y+9.59%Size₹7,721 CrCost1.03%
Axis Multicap FundAxis Mutual FundNAV₹19.890027 Oct 20261Y+2.74%3Y+18.29%5Y–Size₹11,430 CrCost0.93%
Bajaj Finserv Multi Cap FundBajaj Finserv Mutual FundNAV₹11.758027 Oct 20261Y+2.73%3Y–5Y–Size₹1,568 CrCost1.11%
Bandhan Multi Cap FundBandhan Mutual FundNAV₹17.675027 Oct 20261Y−5.02%3Y+11.84%5Y–Size₹3,047 CrCost0.95%
Bank of India Multi Cap FundBank of India Mutual FundNAV₹19.590027 Oct 20261Y+3.32%3Y+16.61%5Y–Size₹1,292 CrCost1.16%
Canara Robeco Multi Cap FundCanara Robeco Mutual FundNAV₹14.630027 Oct 20261Y−5.06%3Y+12.98%5Y–Size₹5,780 CrCost0.67%
DSP Multi Cap FundDSP Mutual FundNAV₹11.923027 Oct 20261Y−5.72%3Y–5Y–Size₹2,974 CrCost0.69%
Edelweiss Multi Cap FundEdelweiss Mutual FundNAV₹15.483727 Oct 20261Y−2.44%3Y–5Y–Size₹3,444 CrCost0.68%
Franklin India Multi Cap FundFranklin Templeton Mutual FundNAV₹10.558127 Oct 20261Y−2.83%3Y–5Y–Size₹5,172 CrCost0.98%
Groww Multicap FundGroww Mutual FundNAV₹11.912427 Oct 20261Y+9.79%3Y–5Y–Size₹1,233 CrCost1.02%
HDFC Multi Cap FundHDFC Mutual FundNAV₹18.426027 Oct 20261Y−9.61%3Y+10.20%5Y–Size₹20,439 CrCost0.96%
HSBC Multi Cap FundHSBC Mutual FundNAV₹19.817627 Oct 20261Y−0.25%3Y+16.36%5Y–Size₹6,264 CrCost0.79%
LIC MF Multi Cap FundLIC Mutual FundNAV₹18.632227 Oct 20261Y+0.96%3Y+16.81%5Y–Size₹2,173 CrCost0.79%
Mirae Asset Multicap FundMirae Asset Mutual FundNAV₹14.364027 Oct 20261Y−6.33%3Y+12.33%5Y–Size₹5,502 CrCost0.87%
Motilal Oswal Multi Cap FundMotilal Oswal Mutual FundNAV₹14.764727 Oct 20261Y+3.98%3Y–5Y–Size₹4,530 CrCost1.20%
PGIM India Multi Cap FundPGIM India Mutual FundNAV₹10.420027 Oct 20261Y+0.10%3Y–5Y–Size₹457 CrCost0.78%
Samco Multi Cap FundSamco Mutual FundNAV₹9.07001Y−3.72%3Y–5Y–Size₹229 CrCost2.26%
SBI Multicap FundSBI Mutual FundNAV₹16.741027 Oct 20261Y−7.20%3Y+11.50%5Y–Size₹24,132 CrCost1.06%
Tata Multicap FundTata Mutual FundNAV₹15.183227 Oct 20261Y−1.13%3Y+9.32%5Y–Size₹3,532 CrCost0.82%
The Wealth Company Multi Cap FundThe Wealth Company Mutual FundNAV₹9.526327 Oct 20261Y–3Y–5Y–Size₹21 CrCost4.86%
TRUSTMF Multi Cap FundTrust Mutual FundNAV₹11.450027 Oct 20261Y+9.15%3Y–5Y–Size₹757 CrCost1.82%
Union Multicap FundUnion Mutual FundNAV₹17.480027 Oct 20261Y+2.64%3Y+14.24%5Y–Size₹1,503 CrCost1.39%
UTI Multi Cap FundUTI Mutual FundNAV₹10.219127 Oct 20261Y−4.69%3Y–5Y–Size₹2,132 CrCost1.10%
WhiteOak Capital Multi Cap FundWhiteOak Capital Mutual FundNAV₹16.043027 Oct 20261Y−0.54%3Y+17.52%5Y–Size₹4,222 CrCost0.89%
Tax on multi cap funds
Gains on units held over 12 months are taxed at 12.5% above ₹1.25 lakh a year; gains on units held 12 months or less at 20%.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About multi cap funds in India
Multi cap funds are equity mutual funds that SEBI requires to hold at least 25% of their assets each in large, mid and small cap companies. At least 75% must be in equity. The page lists these funds by five-year return.
What SEBI requires
A multi cap fund must keep at least 75% of its total assets in equity and equity-related instruments. Within that, at least 25% of total assets must sit in large cap shares, 25% in mid cap shares and 25% in small cap shares. SEBI set this split in 2020. SEBI's 2026 revision of the categorisation circular kept the multi cap limits unchanged.
The remaining share, up to 25% of assets, can go to more shares of any size, or to money market instruments, gold and silver instruments or InvITs (infrastructure investment trusts), within SEBI's limits for each.
Large, mid and small cap
SEBI sorts listed companies by full market capitalisation, which is the share price times all shares issued. The first 100 companies are large cap, the 101st to 250th are mid cap, and the 251st onward are small cap. AMFI, the mutual fund industry body, updates the ranked list every six months, using each company's average size over the half year.
Multi cap and flexi cap
A flexi cap fund needs only 65% in equity and has no minimum for any size group, so its manager can hold mostly large caps or shift between groups. A multi cap fund cannot: the 25% floors keep mid and small caps in the portfolio at all times. After the 2020 rule, many schemes that had been multi cap funds with larger large cap holdings were converted to flexi cap funds.
How the page works
The page lists the live funds in the Multi Cap category, ordered by five-year return with the highest first. Funds younger than five years follow, sorted by name, with a dash in the five-year column. Returns use each fund's Direct plan where it has one, measured to its latest NAV, which is the price of one unit. Three-year and five-year returns are annualised, meaning the yearly rate that compounds to the full gain.
The page also shows category medians for one, three and five years. Each median is the middle value among the funds that have a return for that window. Size is the average assets over the latest quarter, and cost is the yearly expense ratio, the share of assets the fund house charges each year.
How these funds are run
Because the three floors are fixed, the manager's choices are about how far above 25% to go in each group and which companies to hold. When a company moves between groups in a new list and a floor is breached, the fund has one month to rebalance.