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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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.