Aditya Birla Sun Life Multi-Cap Fund vs Aditya Birla Sun Life Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Multi-Cap Fund is a Multi Cap fund and Aditya Birla Sun Life Small Cap Fund is a Small Cap fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Multi-Cap Fund (Direct) returned 13.9% a year and Aditya Birla Sun Life Small Cap Fund (Direct) returned 14.0% a year. Aditya Birla Sun Life Multi-Cap Fund charges 1.02% a year and Aditya Birla Sun Life Small Cap Fund 1.08% (Direct plans). Their portfolios overlap 26.9%: they hold 23 of the same securities.
Aditya Birla Sun Life Multi-Cap Fund
Multi Cap
- 3 year return
- 13.9%
- Expense ratio
- 1.02%
- NAV
- ₹21.63
Aditya Birla Sun Life Small Cap Fund
Small Cap
- 3 year return
- 14.0%
- Expense ratio
- 1.08%
- NAV
- ₹107.63
Which is better, Aditya Birla Sun Life Multi-Cap or Aditya Birla Sun Life Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Small Cap returned more over 5 years: 12.3% a year against 11.5%.
- Aditya Birla Sun Life Small Cap returned more over 3 years: 14.0% a year against 13.9%.
- Aditya Birla Sun Life Multi-Cap costs less: 1.02% a year against 1.08% (Direct plans).
- Aditya Birla Sun Life Multi-Cap swung less over 3 years: a standard deviation of 14.5% a year against 17.2%.
- Aditya Birla Sun Life Multi-Cap fell less in its worst fall since 10-05-2021: −19.9% against −26.2%.
- Aditya Birla Sun Life Multi-Cap holds more in large companies: 35.1% of the fund in large caps against 2.1%.
- Aditya Birla Sun Life Multi-Cap is the larger fund: ₹7,244 Cr against ₹6,120 Cr.
- Their portfolios overlap 26.9%: 23 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Multi-Cap Fund | Aditya Birla Sun Life Small Cap Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Aditya Birla Sun Life Mutual Fund |
| Category | Multi Cap | Small Cap |
| AUM | ₹7,244 Cr (30-09-2026) | ₹6,120 Cr (30-09-2026) |
| NAV | ₹21.63 (Direct) | ₹107.63 (Direct) |
| Expense ratio (Direct) | 1.02% | 1.08% |
| Expense ratio (Regular) | 2.00% | 2.01% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | BSE 250 Smallcap TRI |
| Launch date | 07-05-2021 | 31-05-2007 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Abhinav Khandelwal, Harshil Suvarnkar | Abhinav Khandelwal, Dhaval Joshi |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit load of 1%, if redeemed within 90 days. |
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Small Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap Fund (Direct) | −2.96% | −2.79% | +3.94% | +0.60% | +13.90% | +11.47% | -- |
| Aditya Birla Sun Life Small Cap Fund (Direct) | −4.84% | −2.25% | +5.85% | +8.06% | +14.03% | +12.30% | +12.47% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | +12.56% | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | +3.00% | +14.03% | +14.51% | +16.19% |
Category average: the average of the 33 Multi Cap funds and the 36 Small Cap funds, same plan type.
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Small Cap: Year-wise Returns
| Year | Multi-CapAditya Birla Sun Life Multi-Cap | Small CapAditya Birla Sun Life Small Cap |
|---|---|---|
| 2026to date | +2.12% | +11.36% |
| 2025 | +3.12% | −2.81% |
| 2024 | +23.88% | +22.75% |
| 2023 | +29.94% | +40.87% |
| 2022 | +1.43% | −5.48% |
| 2021 | -- | +52.88% |
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Small Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Aditya Birla Sun Life Multi-Cap Fund
Rolling returns
Every 3-year holding period, 611 of them, one for each trading day from 10-05-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
Aditya Birla Sun Life Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Jul 2024Dec 2021
to
Dec 2024May 2022
to
May 2025Oct 2022
to
Oct 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap | 0.0 | 0.0 | 0.0 | 15.1 | 62.8 | 22.1 | 0.0 | 17.9% | 18.0% | 11.8% | 23.4% | 19% |
| Aditya Birla Sun Life Small Cap | 0.0 | 0.0 | 0.0 | 12.9 | 61.0 | 24.9 | 1.1 | 18.5% | 18.6% | 11.3% | 25.7% | 51% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 15.1 | 57.8 | 26.4 | 0.8 | 18.3% | 18.4% | 10.1% | 25.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty500 Multicap 50:25:25 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 10-05-2021. Past returns do not promise future returns.
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Small Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 10-05-2021 to 30-10-2026: 66 instalments, ₹6,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Multi-CapAditya Birla Sun Life Multi-Cap Fund (Direct) | ₹6,60,000 | ₹9,17,710 | ₹2,57,710 | 11.9% |
| Aditya Birla Sun Life Small CapAditya Birla Sun Life Small Cap Fund (Direct) | ₹6,60,000 | ₹9,65,765 | ₹3,05,765 | 13.8% |
Aditya Birla Sun Life Multi-CapAditya Birla Sun Life Multi-Cap Fund (Direct)
Aditya Birla Sun Life Small CapAditya Birla Sun Life Small Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Multi-Cap Fund (Direct) | Aditya Birla Sun Life Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.60% | +8.06% |
| Standard deviation | 15.47% | 17.43% |
| Sharpe ratio | -0.30 | 0.16 |
| Sortino ratio | -0.40 | 0.22 |
| Maximum drawdown | −13.4% (23-03-2026) | −14.0% (23-03-2026) |
| Beta | 1.00 | 0.93 |
| Alpha | +6.68% | +12.49% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Multi-Cap Fund (Direct) | Aditya Birla Sun Life Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.90% | +14.03% |
| Standard deviation | 14.50% | 17.15% |
| Sharpe ratio | 0.54 | 0.47 |
| Sortino ratio | 0.74 | 0.63 |
| Maximum drawdown | −19.9% (28-02-2025) | −26.2% (03-03-2025) |
| Beta | 0.93 | 0.89 |
| Alpha | +2.98% | +3.67% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Multi-Cap Fund (Direct) | Aditya Birla Sun Life Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.47% | +12.30% |
| Standard deviation | 14.21% | 16.35% |
| Sharpe ratio | 0.40 | 0.40 |
| Sortino ratio | 0.53 | 0.53 |
| Maximum drawdown | −19.9% (28-02-2025) | −26.2% (03-03-2025) |
| Beta | 0.92 | 0.87 |
| Alpha | +1.33% | +0.92% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Aditya Birla Sun Life Multi-Cap Fund (Direct) | Aditya Birla Sun Life Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.89% | +16.27% |
| Standard deviation | 13.85% | 16.97% |
| Sharpe ratio | 0.67 | 0.60 |
| Sortino ratio | 0.91 | 0.80 |
| Maximum drawdown | −19.9% (28-02-2025) | −57.4% (24-03-2020) |
| Beta | 0.91 | 0.87 |
| Alpha | +2.07% | +4.14% |
From daily NAVs, 10-05-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
Aditya Birla Sun Life Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap Fund (Direct) | −19.9% | 24-09-2024 | 28-02-2025 | 18-06-2026 | 16 months | −7.3% |
| Aditya Birla Sun Life Small Cap Fund (Direct) | −26.2% | 16-10-2024 | 03-03-2025 | 15-06-2026 | 15 months | −8.5% |
| Nifty500 Multicap 50:25:25 TRI | −19.8% | 26-09-2024 | 03-03-2025 | 03-08-2026 | 17 months | −8.0% |
From daily values since 10-05-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
Aditya Birla Sun Life Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
Aditya Birla Sun Life Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Multi-Cap Fund (Direct)
Aditya Birla Sun Life Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Multi-Cap Fund (Direct) | 99% | 91% | 3.99% |
| Aditya Birla Sun Life Small Cap Fund (Direct) | 112% | 109% | 7.77% |
From month-end values since 10-05-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Multi-Cap Fund, September 2026; Aditya Birla Sun Life Small Cap Fund, September 2026
Holdings in common
- Overlap
- 26.9%
- Held by both
- 23
- Only in Aditya Birla Sun Life Multi-Cap
- 63
- Only in Aditya Birla Sun Life Small Cap
- 61
| Security | % of Aditya Birla Sun Life Multi-Cap | % of Aditya Birla Sun Life Small Cap |
|---|---|---|
| TD Power Systems Ltd. | 2.70% | 3.39% |
| RBL Bank Ltd. | 2.09% | 2.07% |
| Sai Life Sciences Ltd. | 1.89% | 3.15% |
| Granules India Ltd. | 1.87% | 1.96% |
| Ather Energy Ltd. | 1.83% | 1.82% |
| Craftsman Automation Ltd. | 1.66% | 1.91% |
| S.J.S. Enterprises Ltd. | 1.86% | 1.54% |
| Ujjivan Small Finance Bank Ltd. | 1.46% | 2.42% |
| Meesho Ltd. | 1.29% | 2.34% |
| Apar Industries Ltd. | 1.38% | 1.26% |
| Arvind Ltd. | 1.19% | 2.06% |
| Emcure Pharmaceuticals Ltd. | 1.18% | 1.25% |
| Radico Khaitan Ltd. | 0.96% | 2.16% |
| Multi Commodity Exchange of India Ltd. | 0.95% | 2.69% |
| Aditya Birla Real Estate Ltd. | 0.84% | 0.83% |
| Fortis Healthcare Ltd. | 1.01% | 0.75% |
| K.P.R. Mill Ltd. | 1.00% | 0.65% |
| Whirlpool of India Ltd. | 0.58% | 0.68% |
| JK Cement Ltd. | 0.61% | 0.57% |
| Vodafone Idea Ltd. | 0.52% | 1.24% |
| Navin Fluorine International Ltd. | 0.41% | 2.84% |
| The Ramco Cements Ltd. | 0.40% | 1.40% |
| Sedemac Mechatronics Ltd. | 0.32% | 1.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.9% means 26.9% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Multi-Cap Fund
| Security | % of fund |
|---|---|
| ICICI Bank Ltd. | 2.87% |
| Eternal Ltd. | 2.63% |
| Sansera Engineering Ltd. | 2.46% |
| One 97 Communications Ltd. | 2.35% |
| Lenskart Solutions Ltd. | 2.31% |
Largest holdings only in Aditya Birla Sun Life Small Cap Fund
| Security | % of fund |
|---|---|
| Shaily Engineering Plastics Ltd. | 2.31% |
| Dr. Lal Path labs Ltd. | 2.03% |
| PNB Housing Finance Ltd. | 1.98% |
| Karur Vysya Bank Ltd. | 1.94% |
| Aditya Infotech Ltd. | 1.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Multi-Cap | Aditya Birla Sun Life Small Cap |
|---|---|---|
| Equity | 95.8% | 95.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.2% | 4.6% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Multi-Cap | Aditya Birla Sun Life Small Cap |
|---|---|---|
| Large Cap | 35.1% | 2.1% |
| Mid Cap | 28.5% | 13.1% |
| Small Cap | 28.1% | 75.3% |
| Not on AMFI's list | 4.1% | 4.9% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Multi-Cap | Aditya Birla Sun Life Small Cap |
|---|---|---|
| Banks | 12.6% | 8.2% |
| Pharmaceuticals & Biotechnology | 5.3% | 12.0% |
| Auto Components | 9.3% | 8.8% |
| Electrical Equipment | 8.9% | 6.6% |
| Retailing | 7.8% | 3.7% |
| Consumer Durables | 1.5% | 5.8% |
| Finance | 4.0% | 5.6% |
| IT - Software | 5.1% | 0.6% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Multi-Cap Fund | Aditya Birla Sun Life Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | 1.08% |
| Base expense ratio (Direct) | 0.69% | 0.77% |
| Total expense ratio (Regular) | 2.00% | 2.01% |
| Base expense ratio (Regular) | 1.55% | 1.58% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Aditya Birla Sun Life Multi-Cap with
Compare Aditya Birla Sun Life Small Cap with
Aditya Birla Sun Life Multi-Cap Fund vs Aditya Birla Sun Life Small Cap Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Multi-Cap Fund and Aditya Birla Sun Life Small Cap Fund?
Aditya Birla Sun Life Multi-Cap Fund is a Multi Cap fund, Aditya Birla Sun Life Small Cap Fund is a Small Cap fund, run by Aditya Birla Sun Life Mutual Fund. Their portfolios overlap 26.9%. Aditya Birla Sun Life Multi-Cap Fund charges 1.02% a year and Aditya Birla Sun Life Small Cap Fund 1.08%.
Which has given higher returns, Aditya Birla Sun Life Multi-Cap Fund or Aditya Birla Sun Life Small Cap Fund?
Over 1 year: Aditya Birla Sun Life Multi-Cap Fund +0.60%, Aditya Birla Sun Life Small Cap Fund +8.06%. Over 3 years: Aditya Birla Sun Life Multi-Cap Fund +13.90% a year, Aditya Birla Sun Life Small Cap Fund +14.03% a year. Over 5 years: Aditya Birla Sun Life Multi-Cap Fund +11.47% a year, Aditya Birla Sun Life Small Cap Fund +12.30% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Multi-Cap Fund or Aditya Birla Sun Life Small Cap Fund?
Aditya Birla Sun Life Multi-Cap Fund charges less: 1.02% a year against 1.08%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Multi-Cap Fund and Aditya Birla Sun Life Small Cap Fund overlap?
26.9%. They hold 23 of the same securities, the largest shared ones being TDPOWERSYS, RBLBANK, SAILIFE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Multi-Cap Fund or Aditya Birla Sun Life Small Cap Fund?
On SEBI's riskometer, Aditya Birla Sun Life Multi-Cap Fund is rated Very High and Aditya Birla Sun Life Small Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.50% and 17.15% a year.
Which is better for SIP, Aditya Birla Sun Life Multi-Cap Fund or Aditya Birla Sun Life Small Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,19,466 in Aditya Birla Sun Life Multi-Cap Fund (XIRR 11.6% a year) and ₹8,66,057 in Aditya Birla Sun Life Small Cap Fund (XIRR 13.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Multi-Cap Fund and Aditya Birla Sun Life Small Cap Fund?
Yes. 26.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Multi-Cap Fund and Aditya Birla Sun Life Small Cap Fund?
Aditya Birla Sun Life Multi-Cap Fund: Abhinav Khandelwal, Harshil Suvarnkar. Aditya Birla Sun Life Small Cap Fund: Abhinav Khandelwal, Dhaval Joshi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.