Top 11 multi-cap mutual funds that have beaten their benchmark in 1 year

ZeeBiz WebTeam | May 15, 2024, 04:22 PM IST

Top 11 multi-cap mutual funds: Multi-cap is a category of mutual funds where the fund manager invests money in equity and equity-related instruments of different market capitalisations. Unlike large-, mid-, and small-cap mutual funds, where a fund manager has to invest the majority of investments in large-, mid-, and small-cap companies, the multi-cap mutual fund manager can change the proportion of the 3 caps as per their or the economy's performance. However, as per the Association of Mutual Funds in India (AMFI), at any point in time, at least 75% of their investments should be in equity and equity-related instruments. As many as 13 of the multi-cap funds have given returns of over 40% in the last 1 year and 11 of them have beaten their benchmark, Nifty 500 Multicap 50:25:25 Total Return Index. Here's a list of the top 11 multi-cap funds that have beaten their benchmark in the last 1 year (As per AMFI data). (Note: All of them have Nifty 500 Multicap 50:25:25 Total Return Index as their benchmark.) 
  
Photos: Unsplash/PIxabay

1/11

HSBC Multi Cap Fund

HSBC Multi Cap Fund

The fund in the No. 1 position has given a return of 56.85%. Its benchmark, Nifty 500 Multicap 50:25:25 Total Return Index, has given a return of 42.21% in the same period. HSBC Multi Cap Fund's assets under management (AUM) is Rs 2,964.65 crore, while its net asset value (NAV) is worth Rs 16.6694. 

2/11

Kotak Multicap Fund

Kotak Multicap Fund

The fund from Kotak has had 56.71% returns in the 1-year period. Its AUM is Rs 11,048.69 crore, while the NAV of its direct plan is Rs 17.4020.

3/11

ITI Multi Cap Fund

ITI Multi Cap Fund

The fund has given returns of 53.64% in the 1 year. Its AUM stands at Rs 1,124.57 crore, while its NAV is worth Rs 23.9424.

4/11

Quant Active Fund

Quant Active Fund

This is also one of the four multi-cap funds with above-50% returns in a year. The fund has given a 51.14% return in the 1 year. Its AUM is Rs 9,591.75 crore, while the NAV rate is Rs 707.1709.

5/11

Nippon India Multi Cap Fund

Nippon India Multi Cap Fund

Closing in on the 50% mark, the fund has given a return of 49.57% in the 1 year. The fund's AUM is Rs 30,427.77 crore, while its NAV size is Rs 282.3641.

6/11

Mahindra Manulife Multi Cap Fund

Mahindra Manulife Multi Cap Fund

The benchmark-beater fund has given returns of 48.57%. The AUM of the fund stands at Rs 3,466.57 crore, while the NAV rate is Rs 35.1233.

7/11

Bank of India Multi Cap Fund

Bank of India Multi Cap Fund

The fund from Bank of India has given a return of 48.49%. The NAV for the fund stands at Rs 15.9400, while its AUM is worth Rs 500.66 crore.

8/11

HDFC Multi Cap Fund

HDFC Multi Cap Fund

The one from HDFC Mutual Fund has given a return of 46.79%. The fund's AUM is Rs 13,278.76 crore, while the NAV is Rs 17.2630.

9/11

Axis Multicap Fund

Axis Multicap Fund

One of the top performers has given a return of 46.16%. At an AUM of Rs 5,207.77 crore, the fund's NAV rate is Rs 15.1900.

10/11

ICICI Prudential Multicap Fund

ICICI Prudential Multicap Fund

The fund's returns of 45.23% in the 1 year are also better than its benchmark. The AUM of the mutual fund from ICICI Prudential is Rs 11,868.69 crore, while its NAV is worth Rs 767.5500.

11/11

Baroda BNP Paribas Multi Cap Fund

Baroda BNP Paribas Multi Cap Fund

The fund in the list that has also beaten its benchmark has given 43.57% returns in the 1 year. The fund's AUM is worth Rs 2,393.75, while its NAV stands at Rs 281.0707.

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