Unveiling the Best: Top Performing Multi-Cap Mutual Funds Over the Last 5 Years

Balancing Stability and Growth with Multicap Funds

Multicap mutual funds are designed to offer the best of both worlds by allocating investments across large, mid, and small-cap companies. This strategy provides a blend of stability and potential for growth, making them a favored choice for investors. The Association of Mutual Funds in India (AMFI) mandates that these funds keep at least 75% of their portfolio in equity and equity-related assets, allowing fund managers the flexibility to capitalize on market trends by adjusting their investments across different market capitalizations.

The multicap category has demonstrated remarkable performance, with a 42.28% CAGR over the past year and a 24.74% CAGR over the last five years. Below are the top-performing multicap funds over the last five years:

Data as of August 14, 2024

In-Depth Look at the Top Performers

Quant Active Fund

With an asset base of Rs 10,699.47 crore, the Quant Active Fund has outperformed its benchmark, the Nifty 500 Multicap 50:25:25 TRI. The fund boasts a total expense ratio (TER) of 1.71%. As of August 14, 2024, its NAV stood at Rs 698.35. The fund maintains a diverse allocation, with 92.85% in equity, 2.21% in debt, 4.31% in international investments, and small percentages in mutual funds and other assets.

Mahindra Manulife Multi Cap Fund

Launched in May 2017, this fund has amassed Rs 4,083.17 crore in assets as of June 30, 2024. It has a TER of 1.84% and a NAV of Rs 34.69 as of August 14, 2024. The fund’s asset allocation is notably diverse, with 40.58% in equity, 36.84% in debt, 14.53% in commodities, 2.75% in real estate, and 5.3% in cash, offering a balanced approach to market exposure.

Nippon India Multi Cap

One of the veterans in the multicap space, Nippon India Multi Cap was launched in March 2005 and currently manages Rs 34,899.07 crore in assets. The fund’s TER is 1.58%, and its NAV as of August 14, 2024, is Rs 285.70. The fund’s strategy is heavily weighted towards equity (98.74%), with minimal exposure to debt and cash, reflecting its aggressive growth stance.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.