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