Top CRISIL-rated multicap funds that turned your SIP investment of Rs 6 lakh to up to Rs 14 lakhs in 5 years
After thematic or sectoral funds, multicap funds within the equity funds mopped up the highest inflow to the tune of Rs 4,708.57 crore in June, a substantial 78 per cent increase in net inflow month–on-month (MoM).
So, as the investor interest keeps growing in the category, here are the top CRISIL-rated Multicap funds along with the return generated over a 5-year period. But before let's know in brief about multicap funds.
Multicap Fund:
According to the SEBI’s guidelines on categorisation and rationalisation of schemes, multicap funds are required to deploy atleast 75 per cent of the corpus in equity and equity-related securities. They are suitable for investors with moderate risk-appetite and a longer investment horizon.
Nippon India Multicap Fund:
This multicap fund is ranked second by the rating agency CRISIL. The fund’s NAV is Rs 293.29 as on July 12, while its AUM is at Rs 34,943 crore.Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund carries an expense ratio of 1.6 per cent. Since launch in 2005, the fund has generated a return of 19.13 per cent.
Its trailing return over a 5-year, 3-year and 1-year period is 24.45 per cent, 32.08 per cent and 51.98 per cent, respectively.
The top holdings of the fund are HDFC Bank, Linde Industries,Reliance Industries, ICICI Bank and EIH among others.
Rs 10,000 monthly SIP started 5 years ago will now be worth over Rs 13.95 lakh.
ICICI Prudential Multicap Fund:
This multicap fund from the house of ICICI Prudential is again ranked second. The fund’s NAV as on July 12 is at Rs 775.41, while its AUM is at Rs 13,025 crore. Expense ratio of the fund is pegged at 1.6 per cent. Since launch in 1994, the fund has generated a return of 15.72 per cent.
Its trailing return over a 5-year, 3-year and 1-year period is 21.51 per cent, 23.9 per cent and 47.8 per cent, respectively.
The top holdings of the fund are ICICI Bank, Sun Pharma, Infosys, Reliance Industries and HDFC Bank among others.
Rs 10,000 monthly SIP started 5 years ago will now be worth over Rs 12.11 lakh.
ITI Multicap Fund:
This is the top CRISIL rated multicap fund as on March 31, 2024. The fund commands an AUM of Rs 1,285 crore while its NAV stood at Rs 24.41. The fund’s performance is benchmarked against Nifty 500 Multicap 50:25:25 TRI. Since launch in 2019, the fund has generated a return of 19 per cent.
Its trailing return over a 5-year, 3-year and 1-year period is 18.95 per cent, 19.19 per cent and 53.49 per cent, respectively.
The top holdings of the fund are ICICI Bank, HDFC Bank, Reliance Industries, Jindal Stainless, ABB India and ITC among others.
Rs 10,000 monthly SIP started 5 years ago will now be worth over Rs 11.32 lakh.