Top 7 Multi Cap Mutual Funds With Best SIP Returns in 3 Years: Rs 23,333 monthly SIP investment in No. 1 fund has sprung to Rs 13,16,975; know more details
Top 7 Multi Cap Mutual Funds With Best SIP Returns in 3 Years: Multi cap mutual funds need to have at least 75 per cent of their investments in equity or equity-related instruments. Out of which, they need to maintain a 25 per cent proportion of large, mid, and small cap each.
Top 7 Multi Cap Mutual Funds With Best SIP Returns in 3 Years: The multi cap mutual fund category provides investors an option to have investments in large, mid, and small cap with at least a 25 per cent proportion in each. Unlike in flexi cap mutual funds, which also need to have large, mid, and small cap stocks in their portfolio, multi cap funds ascertain a particular percentage of every cap. Beyond that percentage, the fund manager can increase or decrease the cap's participation in the portfolio based on share market conditions. Securities Exchange Board of India (Sebi) says that multi cap funds need to have at least 75 per cent of their investments in equity or equity-related instruments. This provides them exposure to a substantial part of equity investors that they can capitlaise on during the market rise. But the category is suitable for investors with a long-term investment horizon. Here, we take you through the top 7 multi cap funds with highest SIP returns (XIRR) in the 3-year time frame. Also, know what Rs 23,333 monthly investment in each of them has given to investors during that period.
Photos: Unslash/Pixabay
Axis Multicap Fund - Direct Plan
The fund has given 31.46 per cent annualised SIP return in 3 years.
It has assets under management (AUM) of Rs 6,807 crore, while its net asset value (NAV) is Rs 18.4900.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 22.20 per cent annualised return since its inception in December 2021.
Axis Multicap Fund - Direct Plan
With an expense ratio of 0.69 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 23,333 monthly SIP investment in the 3-year period, or a total investment of Rs 8,39,988, has converted into Rs 13,16,975.
Invesco India Multicap Fund - Direct Plan
The fund has given 28.82 per cent annualised SIP return in the 3-year time frame.
It has AUM of Rs 3,984 crore, while its NAV is Rs 158.7400.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 19.91 per cent annualised return since its debut in January 2013.
Invesco India Multicap Fund - Direct Plan
At an expense ratio of 0.66 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 23,333 monthly SIP investment in the fund has swelled to Rs 12,71,287 in the 3-year period.
Nippon India Multi Cap Fund - Direct Plan
The fund has given 28.42 per cent annualised SIP return in the 3-year period.
It has an asset base of Rs 39,001 crore, while its NAV is Rs 12,64,527.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 17.49 per cent annualised return since its launch in January 2013.
Nippon India Multi Cap Fund - Direct Plan
With an expense ratio of 0.73 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 23,333 monthly SIP investment in the fund has converted into Rs 12,64,527 in the 3-year time frame.
Baroda BNP Paribas Multi Cap Fund - Direct Plan
The fund has given 27.73 per cent annualised SIP return in 1 year.
It has a fund size of Rs 2,791 crore, while its NAV is Rs 324.9217.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 17.38 per cent annualised return since its starting in January 2013.
Baroda BNP Paribas Multi Cap Fund - Direct Plan
At an expense ratio of 0.93 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 23,333 monthly SIP investment in the fund has grown to Rs 12,52,890 in the 3-year period.
HDFC Multi Cap Fund - Direct Plan
The fund has given 27.76 per cent annualised SIP return in the 3-year time frame.
It has an asset base of Rs 7,729 crore, while its fund size is Rs 19.3410.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 23.79 per cent annualised return since its beginning in December 2021.
HDFC Multi Cap Fund - Direct Plan
With an expense ratio of 0.67 per cent, the fund has Rs 100 as the minimum SIP and lump sum investment each.
A Rs 23,333 monthly SIP investment in the fund has swelled to Rs 12,53,382 in 3 years.
ITI Multi Cap Fund - Direct Plan
The fund has given 26.47 per cent annualised SIP return in the 3-year period.
Its AUM is Rs 1,382 crore, while its NAV is Rs 25.9809.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 18.38 per cent annualised return since its launch in May 2019.
ITI Multi Cap Fund - Direct Plan
At an expense ratio of 0.32 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 23,333 monthly SIP investment in the fund has converted into Rs 12,31,666 in the 3-year time frame.
Mahindra Manulife Multi Cap Fund - Direct Plan
The fund has given 25.94 per cent annualised SIP return in 3 years.
It has an asset base of Rs 5,011 crore, while its unit price is Rs 39.6166.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 19.66 per cent annualised return since its inception in May 2017.
Mahindra Manulife Multi Cap Fund - Direct Plan
With an expense ratio of 0.45 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 23,333 monthly SIP investment in the fund has jumped to Rs 12,22,719 in the 3-year time frame.