Top 7 Multi Cap Mutual Funds With Highest SIP Returns in 1 Year: Rs 21,000 monthly SIP in No. 1 fund has turned into Rs 3.21 lakh; know how others have done
Top 7 Multi Cap Mutual Funds With Best SIP Returns in 1 Year: As per Securities Exchange Board of India (Sebi) classification of mutual funds in India, multi cap mutual needs to have 75 per cent of their investments in equity and equity-related investments. The multi cap mutual fund category has given 42.87 per cent annualised returns (CAGR) in 1 year and 21.15 per cent in 3 years, as per Value Research data.
Top 7 Multi Cap Mutual Funds With Best SIP Returns in 1 Year: Multi cap mutual have investments in large, mid, and small cap stocks. The fund manager can select stocks of any market capitalisation in multi cap. As per Securities Exchange Board of India (Sebi) classification of mutual funds in India, multi cap mutuals need to have 75 per cent of their investments in equity and equity-related investments. However, they need to maintain at least a 25 per cent portion of large, mid, and small cap stocks. The multi cap category has given 42.87 per cent annualised returns (CAGR) in 1 year and 21.15 per cent in 3 years, as per Value Research data. Investors seeking benefits of all 3 caps (large, mid, and small) can invest their money in multi cap mutual funds. In this write-up, know the top 7 multi cap mutual funds with the highest SIP returns (XIRR) in 1 year and what Rs 21,000 monthly investment in each of them has given in 1 year.
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Axis Multicap Fund Direct-Growth
The fund at the top has given 58.85 per cent annualised SIP returns in 1 year.
It has assets under management (AUM) of Rs 6,551 crore, while its net asset value (NAV) is Rs 18.85.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 25.96 per cent annualised returns (CAGR) since its debut in November 2021.
Axis Multicap Fund Direct-Growth
At an expense ratio of 0.64 per cent, the fund has Rs 500 as the minimum SIP and Rs 1,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund in 1 year, or a total investment of Rs 2.52 lakh, has grown to Rs 3.27 lakh.
Invesco India Multicap Fund Direct-Growth
The fund has given 58.11 per cent annualised SIP returns in the 1-year period.
It has an asset base of Rs 3,865 crore, while its NAV is Rs 162.99.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 20.75 per cent annualised return since its beginning in January 2013.
Invesco India Multicap Fund Direct-Growth
With 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 21,000 monthly SIP in the scheme has jumped into Rs 3.26 lakh in the 1-year time frame.
LIC MF Multi Cap Fund Direct - Growth
The fund has given 56.31 per cent annualised SIP returns in the 1-year time frame.
It has AUM of Rs 1,370 crore, while its unit price is Rs 17.87.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 35.96 per cent annualised return since its inception in October 2022.
LIC MF Multi Cap Fund Direct - Growth
At an expense ratio of 0.41 per cent, the fund has Rs 1,000 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the fund has converted into Rs 3.23 lakh in 1 year.
Kotak Multicap Fund Direct - Growth
The fund has given 53.07 per cent annualised SIP returns in 1 year.
It has an asset base of Rs 14,541 crore, while its NAV is Rs 20.69.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 27.83 per cent annualised return since its launch in September 2021.
Kotak Multicap Fund Direct - Growth
At an expense ratio of 0.38 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the scheme has swelled to Rs 3.2 lakh in the 1-year period.
Nippon India Multi Cap Fund Direct-Growth
The fund has given 49.92 per cent annualised SIP returns in the 1-year period.
Its AUM is Rs 38,115 crore, while its NAV is Rs 330.81.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 18.56 per cent annualised return since its debut in January 2013.
Nippon India Multi Cap Fund Direct-Growth
At an expense ratio of 0.74 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the scheme has converted into Rs 3.16 lakh in the 1-year time frame.
ICICI Prudential Multicap Fund Direct Plan-Growth
The fund has given 49.64 per cent annualised SIP returns in the 1-year time frame.
It has an asset base of Rs 14,280 crore, while its NAV is Rs 907.32.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 18.52 per cent annualised return since its inception in January 2013.
ICICI Prudential Multicap Fund Direct Plan-Growth
At an expense ratio of 0.94 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the scheme has grown to Rs 3.15 lakh in 1 year.
Canara Robeco Multi Cap Fund Direct - Growth
The fund has given 58.11 per cent annualised SIP returns in 1 year.
It has AUM of Rs 3,486 crore, while its unit price is Rs 14.97.
Benchmarked against Nifty 500 Multicap 50:25:25 TRI, the fund has given 42.72 per cent annualised return since its launch in January 2013.
Canara Robeco Multi Cap Fund Direct - Growth
At an expense ratio of 0.41 per cent, the fund has Rs 1,000 as the minimum SIP investment and Rs 5,000 as the minimum lump sum investment.
A Rs 21,000 monthly SIP in the scheme has swelled to Rs 3.26 lakh in the 1-year period.