Two of the largest Multi Cap funds side by side: returns, risk, cost, size and what they hold. Prices as of 3 Nov 2026.
Past returns do not tell you future returns.
| Nippon India Multi Cap Fund Nippon India | HDFC Multi Cap Fund HDFC | |
|---|---|---|
| Returns | ||
| 1 year | -6.6% | -8.1% |
| 3 years, a year | +11.3% | +9.7% |
| 5 years, a year | +13.8% | — |
| Since launch, a year | +14.1% | +12.6% |
| 3-year rank in category | 16 of 23 | 21 of 23 |
| Benchmark, 3 years | +11.7% | +11.7% |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 14.4% | 14.6% |
| Biggest fall, 3 years | -18.9% | -20.5% |
| Sharpe ratio, 3 years | 0.37 | 0.25 |
| Beta | 0.92 | 0.96 |
| Alpha, a year | +0.0% | -1.8% |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.62% | 1.79% |
| Money in the fund | ₹53,045 cr | ₹19,351 cr |
| Running for | 21.6 years | 4.9 years |
| Minimum SIP | ₹100 | ₹100 |
| Benchmark | NIFTY500 MULTICAP 50:25:25 TRI | NIFTY500 MULTICAP 50:25:25 TRI |
Past returns do not indicate future returns. Each fund page has the full detail.
The five largest holdings of each, from the latest monthly portfolios
Overlap is the part of the two portfolios that is the same, by weight: 100% would be identical.
What they share, by industry and sector
| Holding | Nippon India | HDFC |
|---|---|---|
| HDFC Bank Limited | 7.1% | 3.9% |
| ICICI Bank Limited | 3.0% | 3.7% |
| Axis Bank Limited | 5.1% | 2.4% |
| NTPC Limited | 1.8% | 1.7% |
| Reliance Industries Limited | 1.3% | 2.4% |
| Mahindra & Mahindra Limited | 1.4% | 1.3% |
| State Bank of India | 1.2% | 1.8% |
| AU Small Finance Bank Limited | 1.3% | 1.0% |
| Jubilant Foodworks Limited | 1.5% | 1.0% |
| Eternal Limited | 1.0% | 2.1% |
Both are Multi Cap funds, from Nippon India and HDFC. Nippon India Multi Cap Fund manages ₹53,045 cr and HDFC Multi Cap Fund ₹19,351 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
Nippon India Multi Cap Fund, at 1.62% a year, against 1.79% for HDFC Multi Cap Fund.
Over three years, Nippon India Multi Cap Fund returned +11.3% a year and HDFC Multi Cap Fund +9.7% a year. Over one year they returned -6.6% and -8.1%. Past returns do not indicate future returns.
They hold 36.0% of the same investments, 69.7% of the same industries and 81.7% of the same sectors, by weight, in their latest monthly portfolios.
To set a third or fourth fund alongside, open these two in Compare and add more.