# Multi Cap funds

At least 25% each in large, mid-sized and small companies.

Full page: https://discovermf.com/categories/multi-cap
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

33 funds managing ₹2.46 lakh cr. Category averages: -0.4% over one year, +12.8% a year over three years; typical expense ratio 2.19%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Axis Multicap Fund](https://discovermf.com/funds/axis-multicap-fund-149382.md) | +4.7% | +17.5% | — | 15.3% | 1.97% | ₹12,232 cr |
| [WhiteOak Capital Multi Cap Fund](https://discovermf.com/funds/whiteoak-capital-multi-cap-fund-152072.md) | -0.2% | +15.9% | — | 14.0% | 2.22% | ₹4,377 cr |
| [LIC MF Multi Cap Fund](https://discovermf.com/funds/lic-mf-multi-cap-fund-150661.md) | +1.2% | +15.5% | — | 15.8% | 2.15% | ₹2,199 cr |
| [Bank of India Multi Cap Fund](https://discovermf.com/funds/bank-of-india-multi-cap-fund-151445.md) | +4.2% | +15.3% | — | 14.0% | 2.46% | ₹1,377 cr |
| [HSBC Multi Cap Fund](https://discovermf.com/funds/hsbc-multi-cap-fund-151289.md) | +0.2% | +15.1% | — | 15.7% | 2.04% | ₹6,356 cr |
| [Mahindra Manulife Multi Cap Fund](https://discovermf.com/funds/mahindra-manulife-multi-cap-fund-141224.md) | +3.8% | +15.1% | +12.2% | 15.8% | 2.19% | ₹7,442 cr |
| [ITI Multi Cap Fund](https://discovermf.com/funds/iti-multi-cap-fund-147184.md) | +6.2% | +14.6% | +11.6% | 15.9% | 2.30% | ₹1,493 cr |
| [Kotak Multi Cap Fund](https://discovermf.com/funds/kotak-multi-cap-fund-149182.md) | -3.6% | +14.3% | +14.0% | 16.0% | 1.78% | ₹29,752 cr |
| [Edelweiss Multi Cap Fund](https://discovermf.com/funds/edelweiss-multi-cap-fund-152095.md) | -1.6% | +13.7% | — | 15.0% | 2.08% | ₹3,342 cr |
| [Union Multicap Fund](https://discovermf.com/funds/union-multicap-fund-150855.md) | +3.5% | +13.4% | — | 15.4% | 2.51% | ₹1,532 cr |
| [Aditya Birla Sun Life Multi-Cap Fund](https://discovermf.com/funds/aditya-birla-sun-life-multi-cap-fund-148918.md) | +1.7% | +13.1% | +10.2% | 15.6% | 1.99% | ₹7,164 cr |
| [ICICI Prudential Multi Cap Fund](https://discovermf.com/funds/icici-prudential-multi-cap-fund-101228.md) | -1.4% | +13.0% | +11.7% | 17.3% | 1.76% | ₹18,253 cr |
| [Baroda BNP Paribas Multi Cap Fund](https://discovermf.com/funds/baroda-bnp-paribas-multi-cap-fund-102020.md) | -3.3% | +12.6% | +10.0% | 15.1% | 2.22% | ₹3,277 cr |
| [Canara Robeco Multi Cap Fund](https://discovermf.com/funds/canara-robeco-multi-cap-fund-151821.md) | -3.6% | +11.9% | — | 14.4% | 2.00% | ₹5,717 cr |
| [SBI MultiCap Fund](https://discovermf.com/funds/sbi-multicap-fund-149886.md) | -5.3% | +11.4% | — | 14.0% | 1.83% | ₹23,131 cr |
| [Nippon India Multi Cap Fund](https://discovermf.com/funds/nippon-india-multi-cap-fund-101161.md) | -6.6% | +11.3% | +13.8% | 14.4% | 1.62% | ₹53,045 cr |
| [Mirae Asset Multicap Fund](https://discovermf.com/funds/mirae-asset-multicap-fund-151812.md) | -5.5% | +11.2% | — | 14.7% | 2.24% | ₹5,302 cr |
| [Invesco India Multi Cap Fund](https://discovermf.com/funds/invesco-india-multi-cap-fund-107353.md) | -2.6% | +11.1% | +9.3% | 16.8% | 2.07% | ₹4,308 cr |
| [Bandhan Multi Cap Fund](https://discovermf.com/funds/bandhan-multi-cap-fund-149305.md) | -3.6% | +11.0% | — | 13.9% | 2.25% | ₹2,922 cr |
| [Sundaram Multi Cap Fund](https://discovermf.com/funds/sundaram-multi-cap-fund-149667.md) | -6.0% | +10.7% | — | 15.6% | 2.26% | ₹2,843 cr |
| [HDFC Multi Cap Fund](https://discovermf.com/funds/hdfc-multi-cap-fund-149366.md) | -8.1% | +9.7% | — | 14.6% | 1.79% | ₹19,351 cr |
| [Quant Multi Cap Fund](https://discovermf.com/funds/quant-multi-cap-fund-100631.md) | +0.7% | +8.7% | +8.9% | 15.7% | 2.02% | ₹7,200 cr |
| [Tata Multicap Fund](https://discovermf.com/funds/tata-multicap-fund-151235.md) | -0.1% | +8.0% | — | 14.9% | 2.18% | ₹3,400 cr |
| [Franklin India Multi Cap Fund](https://discovermf.com/funds/franklin-india-multi-cap-fund-152738.md) | -1.9% | — | — | 16.0% | 2.31% | ₹4,936 cr |
| [Bajaj Finserv Multi Cap Fund](https://discovermf.com/funds/bajaj-finserv-multi-cap-fund-153307.md) | +2.4% | — | — | 15.4% | 2.57% | ₹1,656 cr |
| [DSP Multi Cap Fund](https://discovermf.com/funds/dsp-multi-cap-fund-152307.md) | -5.5% | — | — | 14.5% | 2.07% | ₹2,820 cr |
| [Groww Multicap Fund](https://discovermf.com/funds/groww-multicap-fund-153100.md) | +9.9% | — | — | 16.7% | 2.64% | ₹1,923 cr |
| [Motilal Oswal Multi Cap Fund](https://discovermf.com/funds/motilal-oswal-multi-cap-fund-152650.md) | +5.8% | — | — | 17.7% | 2.27% | ₹4,642 cr |
| [PGIM India Multi Cap Fund](https://discovermf.com/funds/pgim-india-multi-cap-fund-152816.md) | +2.1% | — | — | 14.6% | 2.56% | ₹467 cr |
| [Samco Multi Cap Fund](https://discovermf.com/funds/samco-multi-cap-fund-152848.md) | -4.5% | — | — | 12.7% | 3.81% | ₹214 cr |
| [TrustMF Multi Cap Fund](https://discovermf.com/funds/trustmf-multi-cap-fund-153645.md) | +8.8% | — | — | 15.7% | 3.43% | ₹979 cr |
| [UTI Multi Cap Fund](https://discovermf.com/funds/uti-multi-cap-fund-153516.md) | -3.7% | — | — | 13.3% | 2.24% | ₹2,096 cr |
| [The Wealth Company Multi Cap Fund](https://discovermf.com/funds/the-wealth-company-multi-cap-fund-154664.md) | — | — | — | 16.8% | 2.10% | ₹145 cr |

## Questions

### How many Multi Cap funds are there?

33 funds, managing ₹2.46 lakh cr between them as of 3 Nov 2026. The largest is Nippon India Multi Cap Fund, at ₹53,045 cr.

### What return have Multi Cap funds given?

The average Multi Cap fund returned -0.4% over the last year, +12.8% a year over three years, +11.3% a year over five years. Over the last year the funds ranged from -8.1% to +9.9%. Past returns do not tell you future returns.

### Which Multi Cap fund has the lowest expense ratio?

Nippon India Multi Cap Fund, at 1.62% a year, against 2.19% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.

### Which Multi Cap fund has the highest three-year return?

Axis Multicap Fund, at +17.5% a year over the last three years, against +12.8% for the average fund. Past returns do not tell you future returns.

### How risky are Multi Cap funds?

Their volatility over the last year averaged 15.4%: the higher it is, the more the price swings from day to day. All of them carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.