Top Multi Cap Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 33 Multi Cap mutual funds. Their average 3 year return is 13.5% a year, and −1.1% over the last year. The highest 3 year returns: Axis Multicap Fund 18.7%, WhiteOak Capital Multi Cap Fund 17.5%, LIC MF Multi Cap Fund 16.9%.
- Total AUM
- ₹2,48,323 Cr
- As on 30-09-2026
- Funds
- 33
- From 33 fund houses
- Expense ratio
- 0.68% to 4.86%
- Direct plans, lowest to highest
- Average 3Y return
- 13.5%
- A year, Direct plans
All Multi Cap Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Axis Multicap Fund | 1 | 11,972 | +3.76% | +18.70% | -- | -- | Very High | 0.93% | 1% within 365 days | 14.93% |
| WhiteOak Capital Multi Cap Fund | 2 | 4,308 | −0.45% | +17.52% | -- | -- | Very High | 0.89% | None | 14.37% |
| LIC MF Multi Cap Fund | 3 | 2,187 | +1.01% | +16.94% | -- | -- | Very High | 0.79% | 1% within 12 months | 15.49% |
| Bank of India Multi Cap Fund | 4 | 1,344 | +3.52% | +16.70% | -- | -- | Very High | 1.16% | 1% within 3 months | 15.92% |
| HSBC Multi Cap Fund | 5 | 6,380 | −0.09% | +16.40% | -- | -- | Very High | 0.80% | 1% within 1 year | 16.17% |
| ITI Multi Cap Fund | 6 | 1,500 | +6.02% | +16.02% | +13.24% | -- | Very High | 0.85% | 0.5% within 3 months | 16.22% |
| Mahindra Manulife Multi Cap Fund | 7 | 7,457 | +2.84% | +15.95% | +13.75% | -- | Very High | 0.94% | 1% within 3 months | 16.56% |
| Kotak Multi Cap Fund | 8 | 30,335 | −4.64% | +15.63% | +15.50% | -- | Very High | 0.69% | 1% within 1 year | 15.91% |
| Edelweiss Multi Cap Fund | 9 | 3,345 | −2.02% | +15.27% | -- | -- | Very High | 0.68% | 1% within 90 days | 15.08% |
| Union Multicap Fund | 10 | 1,516 | +2.52% | +14.18% | -- | -- | Very High | 1.39% | 1% within 15 days | 15.01% |
| Aditya Birla Sun Life Multi-Cap Fund | 11 | 7,244 | +0.60% | +13.90% | +11.47% | -- | Very High | 1.02% | 1% within 90 days | 14.50% |
| Baroda BNP Paribas Multi Cap Fund | 12 | 3,297 | −4.12% | +13.55% | +10.86% | +13.66% | -- | 1.18% | -- | 15.22% |
| ICICI Prudential Multi Cap Fund | 13 | 18,717 | −3.12% | +13.37% | +12.42% | +13.62% | -- | 1.02% | 1% within 12 months | 14.11% |
| Canara Robeco Multi Cap Fund | 14 | 5,673 | −4.79% | +13.10% | -- | -- | Very High | 0.68% | 1% within 365 days | 14.07% |
| Invesco India Multi cap Fund | 15 | 4,301 | −4.27% | +12.21% | +10.49% | +13.54% | Very High | 0.94% | 1% within 1 year | 15.87% |
| Mirae Asset Multicap Fund | 16 | 5,379 | −6.78% | +12.13% | -- | -- | Very High | 0.89% | 1% within 1 year | 14.47% |
| Bandhan Multi Cap Fund | 17 | 3,074 | −4.75% | +12.01% | -- | -- | Very High | 0.95% | 1% within 1 year | 13.57% |
| Nippon India Multi Cap Fund | 18 | 53,767 | −8.14% | +11.87% | +14.92% | +14.86% | Very High | 0.89% | 1% within 12 months | 14.32% |
| SBI MultiCap Fund | 19 | 23,456 | −6.77% | +11.73% | -- | -- | Very High | 1.06% | Varies | 13.09% |
| HDFC Multi Cap Fund | 20 | 19,490 | −9.57% | +10.26% | -- | -- | Very High | 0.96% | 1% within 1 year | 14.74% |
| Quant Multi Cap Fund | 21 | 7,501 | −0.28% | +9.50% | +10.35% | +17.08% | Very High | 1.03% | 1% within 15 days | 16.90% |
| Tata Multicap Fund | 22 | 3,409 | −0.78% | +9.40% | -- | -- | Very High | 0.82% | 0.5% within 30 days | 15.18% |
| Sundaram Multi Cap Fund | 23 | 2,901 | −7.27% | +5.07% | -- | -- | Very High | 1.25% | 1% within 365 days | 15.09% |
| Franklin India Multi Cap Fund | -- | 5,117 | −2.67% | -- | -- | -- | -- | 0.98% | -- | -- |
| Motilal Oswal Multi Cap Fund | -- | 4,601 | +5.13% | -- | -- | -- | Very High | 1.20% | 1% within 15 days | -- |
| DSP Multi Cap Fund | -- | 2,878 | −5.51% | -- | -- | -- | Very High | 0.69% | Varies | -- |
| UTI Multi Cap Fund | -- | 2,113 | −4.61% | -- | -- | -- | Very High | 1.10% | 1% within 90 days | -- |
| Groww Multicap Fund | -- | 1,687 | +10.28% | -- | -- | -- | Very High | 1.04% | 1% within 1 year | -- |
| Bajaj Finserv Multi Cap Fund | -- | 1,641 | +1.67% | -- | -- | -- | Very High | 1.11% | 1% within 6 months | -- |
| TRUSTMF Multi Cap Fund | -- | 914 | +9.51% | -- | -- | -- | Very High | 1.77% | 1% within 180 days | -- |
| PGIM India Multi Cap Fund | -- | 460 | +0.67% | -- | -- | -- | Very High | 0.78% | 0.5% within 90 days | -- |
| Samco Multi Cap Fund | -- | 220 | −3.51% | -- | -- | -- | Very High | 2.26% | 1% within 12 months | -- |
| The Wealth Company Multi Cap Fund | -- | 139 | -- | -- | -- | -- | Very High | 4.86% | 1% within 180 days | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Multi Cap Funds Bought and Sold in September 2026
What the 5 largest Multi Cap funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| HDFC Bank LimitedNippon India Multi Cap, Kotak Multi Cap, HDFC Multi Cap | -- | 3 funds |
| PB Fintech LimitedNippon India Multi Cap, HDFC Multi Cap, ICICI Prudential Multi Cap | -- | 3 funds |
| Cummins India LimitedNippon India Multi Cap, HDFC Multi Cap | 1 fund | 1 fund |
| ICICI Lombard General Insurance Company LimitedNippon India Multi Cap, HDFC Multi Cap | -- | 2 funds |
| Whirlpool of India Ltd.Kotak Multi Cap, HDFC Multi Cap | -- | 2 funds |
| PINE LABS LTD.Kotak Multi Cap | 1 fund | -- |
| Hindustan Aeronautics Ltd.SBI MultiCap | 1 fund | -- |
| Sedemac Mechatronics Ltd.SBI MultiCap | 1 fund | -- |
| AXISCADES TECHNOLOGIES LTDKotak Multi Cap | 1 fund | -- |
| TVS Motor Company LimitedNippon India Multi Cap | 1 fund | -- |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| Infosys LimitedNippon India Multi Cap, SBI MultiCap | 1 fund | 1 fund |
| Jubilant Foodworks LimitedNippon India Multi Cap, SBI MultiCap | -- | 2 funds |
| PVR INOX LimitedNippon India Multi Cap, Kotak Multi Cap | -- | 2 funds |
| Trent Ltd.HDFC Multi Cap | 1 fund | -- |
| ESCORTS KUBOTA LIMITEDHDFC Multi Cap | 1 fund | -- |
| Wheels India Ltd.HDFC Multi Cap | 1 fund | -- |
| Hindustan Aeronautics Ltd.HDFC Multi Cap | 1 fund | -- |
| InterGlobe Aviation LimitedNippon India Multi Cap | 1 fund | -- |
| Bajaj Consumer Care Ltd.HDFC Multi Cap | 1 fund | -- |
| Kalpataru Projects International LtdHDFC Multi Cap | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: Nippon India Multi Cap Fund, Kotak Multi Cap Fund, SBI MultiCap Fund, HDFC Multi Cap Fund, ICICI Prudential Multi Cap Fund.
Compare Multi Cap Funds
The largest funds of the category, side by side
How Multi Cap Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Multi Cap Fund?
At least 75% in stocks, with at least 25% each in large cap, mid cap and small cap stocks. This is the rule SEBI sets for every fund in the category, so their portfolios can be compared.
Other equity categories: Large Cap · Large & Mid Cap · Mid Cap · Small Cap · Flexi Cap · Focused · Value and Contra · Dividend Yield · ELSS
Multi Cap Funds: Frequently Asked Questions
Which are the top Multi Cap mutual funds?
By 3 year return, the top Multi Cap funds are 1. Axis Multicap Fund (18.7% a year), 2. WhiteOak Capital Multi Cap Fund (17.5% a year), 3. LIC MF Multi Cap Fund (16.9% a year), 4. Bank of India Multi Cap Fund (16.7% a year), 5. HSBC Multi Cap Fund (16.4% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Multi Cap funds are there?
33 Multi Cap funds are open for investment, from 33 fund houses.
What is a Multi Cap fund?
At least 75% in stocks, with at least 25% each in large cap, mid cap and small cap stocks.
What is the average return of Multi Cap funds?
1 year: -1.1%, 3 years: 13.5% a year, 5 years: 12.6% a year. The simple average of every Multi Cap fund's Direct plan.
Which Multi Cap fund has the lowest expense ratio?
Edelweiss Multi Cap Fund, at 0.68% a year (Direct plan), as reported to AMFI.
Which is the largest Multi Cap fund?
Nippon India Multi Cap Fund, with ₹53,767 Cr of investors' money on 30-09-2026.
How are Multi Cap funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.