CALCULATE YOUR SIP RETURNS

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

27 August 20244 mins read by Angel One
The multicap mutual fund category has been a powerhouse of growth, delivering a stunning 42.28% CAGR over the past year and 24.74% over the last five years.
Unveiling the Best: Top Performing Multi-Cap Mutual Funds Over the Last 5 Years
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

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:

Scheme Name AUM (Crore) 1 Year Returns (%) 3 Years Returns (%) 5 Years Returns (%) Since Launch Returns (%)
Quant Active Fund 10,699.47 43.39 22.21 32.64 19.88
Mahindra Manulife Multi Cap Fund 4,083.17 43.34 22.01 27.32 18.71
Nippon India Multi Cap 34,899.07 41.86 29.47 26.38 18.87

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.

Elevate your savings strategy with our easy-to-use Angel One SIP Calculator. See the impact of consistent investing. Your future self will thank you. Start planning today!

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.

We're Live on WhatsApp! Join our channel for market insights & updates

Grow Wealth, Start SIP Now!

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2 Cr+ happy customers