A Multicap fund invests in companies with large, mid, and small market capitalizations, offering portfolio diversity across market sizes. The Multicap Mutual Fund category must adhere to SEBI's specific asset allocation guidelines across various market size sectors.
Multi-cap funds must hold at least 75 percent of their assets in equities and equity-related products at any one moment.
A minimum of 25% of the assets in the portfolio must be allocated to large-cap equities, 25% to mid-cap stocks, and another 25% to small-cap companies. Based on the best SIP performance over the previous three years, here are the top five multi-cap funds.
Quant Energetic Fund Direct (QEFD)
Quant Energetic Fund Direct-Progress is the smallest fund in its category, with assets valued at Rs 1,189 crore under management (AUM). The fund's fee ratio is 0.5 percent, which is lower than the associated fee ratio charged by the majority of multi-cap funds.
Quant Energetic Fund Direct-Progress had a one-year return of 89.33 percent. Since its debut, it has given a median annual return of 22.21 percent. Crisil Ranking Company has given the fund a good grade.
ITC Ltd., Reliance Industries Ltd., State Financial Institution of India, Vedanta Ltd., and Fortis Healthcare (India) Ltd. are some of the companies that make up the ITC Group. These are the fund's top five holdings. This strategy aims to provide long-term capital growth and income by diversifying its portfolio of large cap, mid cap, and small cap companies.
Edelweiss is a newly listed initial public offering (IPO) fund
Direct-Progress, an Edelweiss recently filed IPO fund, has assets under management (AUM) of Rs 805 crore, making it a medium-sized fund in its class. The fund's fee ratio is 1.14 percent, which is higher than the fee ratio charged by the majority of thematic funds.
The 1-year progress fee for Edelweiss's recently listed IPO fund Direct is 85.28 percent. Since its debut, it has given a median annual return of 22.18 percent. This strategy aims to increase capital appreciation by investing in the stock and equity-related assets of 100 recently listed firms, as well as anticipated initial public offerings (IPOs).
Kotak India Progress Fund Collection
Kotak India Progress Fund Collection 4 Direct Progress is a mid-sized fund with belongings beneath administration (AUM) of Rs 86 crore. The fund's value ratio is 0.34 percent, which is lower than the associated fee ratio charged by the majority of multi-cap funds.
The Kotak India Progress Fund Collection 4 Direct has a 79.25 percent one-year progress fee. It has given a median annual return of 21.30 percent since its start. The plan aims to gain a better understanding of capital by investing in a diverse array of fairness and equity-related assets across a range of market capitalizations and industries. For November 02, 2021, the NAV of Kotak India Progress Fund Collection 4 is 20.43.
Mahindra Guide Life Multi Cap Badhat Yojana
The fund is 97.05 percent invested in Indian stocks, with 44.06 percent in large-cap stocks, 24.02 percent in mid-cap stocks, and 26.43 percent in small-cap stocks. Mahindra Guide Life Multi Cap Badhat Yojana Direct-Progress has Rs.783 crore in assets under management (AUM) as of 30/09/2021, making it a small fund in its class. The fund's fee ratio is 0.66 percent, which is lower than the fee ratio imposed by the majority of multi-cap funds.
Mahindra Guide Life Multi Capability Badhat Yojana Direct has an 87.45 percent one-year progress fee. It has given a median annual return of 20.84 percent since its start. By properly diversifying and mitigating business risks, the strategy aims to achieve medium to long-term capital appreciation.
Baroda Multi Cap Fund
The fund owns 96.86 percent of Indian stocks, including 34.03 percent of large-cap stocks, 18.18 percent of mid-cap stocks, and 27.26 percent of small-cap stocks. Baroda Multi Cap Fund Direct-Progress is a medium-sized fund in its category, with assets valued at Rs 1,156 crore under management (AUM). The fund's fee ratio is 1.54%, which is higher than the associated fee ratio charged by most other multi-cap funds.
Baroda Multi Cap Fund Direct-Progress has a 1-year return of 78.30 percent. Its average annual return since inception has been 16.15 percent.
These funds are riskier than large-cap funds since they invest in mid- and small-cap stocks in addition to large-cap corporations. Multi-cap fund managers can boost their exposure to medium and small businesses in a strong economy, allowing them to profit from rising earnings.
Buyers should carefully assess their current mutual fund investments and exposure to various market cap segments before adding multicap funds to their portfolio. Multicap funds are not suitable for investors with a time horizon of less than 5-7 years or a low risk tolerance.
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