Aditya Birla Sun Life Multi-Cap Fund vs Aditya Birla Sun Life Special Opportunities 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 Special Opportunities Fund is a Thematic 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 Special Opportunities Fund (Direct) returned 18.3% a year. Aditya Birla Sun Life Multi-Cap Fund charges 1.02% a year and Aditya Birla Sun Life Special Opportunities Fund 1.18% (Direct plans). Their portfolios overlap 27.0%: they hold 26 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 Special Opportunities Fund
Thematic
- 3 year return
- 18.3%
- Expense ratio
- 1.18%
- NAV
- ₹29.45
Which is better, Aditya Birla Sun Life Multi-Cap or Aditya Birla Sun Life Special Opportunities? 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 Special Opportunities returned more over 5 years: 12.6% a year against 11.5%.
- Aditya Birla Sun Life Special Opportunities returned more over 3 years: 18.3% a year against 13.9%.
- Aditya Birla Sun Life Multi-Cap costs less: 1.02% a year against 1.18% (Direct plans).
- Aditya Birla Sun Life Special Opportunities swung less over 3 years: a standard deviation of 14.2% a year against 14.5%.
- Aditya Birla Sun Life Multi-Cap fell less in its worst fall since 10-05-2021: −19.9% against −20.3%.
- Aditya Birla Sun Life Multi-Cap is the larger fund: ₹7,244 Cr against ₹1,357 Cr.
- Their portfolios overlap 27.0%: 26 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 Special Opportunities Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Aditya Birla Sun Life Mutual Fund |
| Category | Multi Cap | Thematic |
| AUM | ₹7,244 Cr (30-09-2026) | ₹1,357 Cr (30-09-2026) |
| NAV | ₹21.63 (Direct) | ₹29.45 (Direct) |
| Expense ratio (Direct) | 1.02% | 1.18% |
| Expense ratio (Regular) | 2.00% | 2.28% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | BSE 500 TRI |
| Launch date | 07-05-2021 | 23-10-2020 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Abhinav Khandelwal, Harshil Suvarnkar | Dhaval Gala |
| Exit load | Exit load of 1%, if redeemed within 90 days. | Exit load of 1%, if redeemed within 30 days. |
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Special Opportunities: 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 Special Opportunities Fund (Direct) | −2.97% | −3.22% | +4.77% | +5.40% | +18.27% | +12.63% | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | +12.56% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 33 Multi Cap funds and the 235 Thematic funds, same plan type.
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Special Opportunities: Year-wise Returns
| Year | Multi-CapAditya Birla Sun Life Multi-Cap | Special OpportunitiesAditya Birla Sun Life Special Opportunities |
|---|---|---|
| 2026to date | +2.12% | +2.15% |
| 2025 | +3.12% | +14.81% |
| 2024 | +23.88% | +22.91% |
| 2023 | +29.94% | +26.97% |
| 2022 | +1.43% | +0.63% |
| 2021 | -- | +35.16% |
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Special Opportunities: 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 Special Opportunities 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 Special Opportunities | 0.0 | 0.0 | 0.0 | 8.0 | 47.3 | 44.7 | 0.0 | 19.3% | 19.8% | 11.5% | 24.0% | 49% |
| 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 Special Opportunities: 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 Special OpportunitiesAditya Birla Sun Life Special Opportunities Fund (Direct) | ₹6,60,000 | ₹9,90,575 | ₹3,30,575 | 14.7% |
Aditya Birla Sun Life Multi-CapAditya Birla Sun Life Multi-Cap Fund (Direct)
Aditya Birla Sun Life Special OpportunitiesAditya Birla Sun Life Special Opportunities 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 Special Opportunities: 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 Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.60% | +5.40% |
| Standard deviation | 15.47% | 14.59% |
| Sharpe ratio | -0.30 | 0.01 |
| Sortino ratio | -0.40 | 0.02 |
| Maximum drawdown | −13.4% (23-03-2026) | −13.3% (30-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | +6.68% | +12.45% |
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 Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.90% | +18.27% |
| Standard deviation | 14.50% | 14.15% |
| Sharpe ratio | 0.54 | 0.87 |
| Sortino ratio | 0.74 | 1.20 |
| Maximum drawdown | −19.9% (28-02-2025) | −17.7% (07-04-2025) |
| Beta | 0.93 | 0.95 |
| Alpha | +2.98% | +8.57% |
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 Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.47% | +12.63% |
| Standard deviation | 14.21% | 14.34% |
| Sharpe ratio | 0.40 | 0.48 |
| Sortino ratio | 0.53 | 0.65 |
| Maximum drawdown | −19.9% (28-02-2025) | −19.8% (20-06-2022) |
| Beta | 0.92 | 0.96 |
| Alpha | +1.33% | +4.08% |
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 Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.89% | +19.58% |
| Standard deviation | 13.85% | 14.26% |
| Sharpe ratio | 0.67 | 1.00 |
| Sortino ratio | 0.91 | 1.38 |
| Maximum drawdown | −19.9% (28-02-2025) | −20.3% (20-06-2022) |
| Beta | 0.91 | 0.95 |
| Alpha | +2.07% | +4.60% |
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 Special Opportunities 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 Special Opportunities Fund (Direct) | −20.3% | 18-10-2021 | 20-06-2022 | 03-07-2023 | 12 months | −6.7% |
| 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 Special Opportunities 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 Special Opportunities 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 Special Opportunities 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 Special Opportunities Fund (Direct) | 103% | 91% | 4.08% |
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 Special Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Multi-Cap Fund, September 2026; Aditya Birla Sun Life Special Opportunities Fund, September 2026
Holdings in common
- Overlap
- 27.0%
- Held by both
- 26
- Only in Aditya Birla Sun Life Multi-Cap
- 60
- Only in Aditya Birla Sun Life Special Opportunities
- 42
| Security | % of Aditya Birla Sun Life Multi-Cap | % of Aditya Birla Sun Life Special Opportunities |
|---|---|---|
| ICICI Bank Ltd. | 2.87% | 2.92% |
| Shriram Finance Ltd. | 1.85% | 2.95% |
| RBL Bank Ltd. | 2.09% | 1.73% |
| Axis Bank Ltd. | 1.65% | 1.99% |
| Ujjivan Small Finance Bank Ltd. | 1.46% | 2.01% |
| Craftsman Automation Ltd. | 1.66% | 1.41% |
| Meesho Ltd. | 1.29% | 3.05% |
| Coforge Ltd. | 1.28% | 1.42% |
| Eternal Ltd. | 2.63% | 1.27% |
| Vedanta Aluminium Metal Ltd. | 1.27% | 1.81% |
| Adani Energy Solutions Ltd. | 2.31% | 1.05% |
| Varun Beverages Ltd. | 1.01% | 1.54% |
| Adani Enterprises Ltd. | 1.13% | 1.00% |
| Reliance Industries Ltd. | 1.31% | 0.94% |
| Fortis Healthcare Ltd. | 1.01% | 0.81% |
| Piramal Finance Ltd. | 0.85% | 0.80% |
| Indus Towers Ltd. | 0.77% | 1.51% |
| Grasim Industries Ltd. | 0.85% | 0.74% |
| K.P.R. Mill Ltd. | 1.00% | 0.65% |
| Arvind Ltd. | 1.19% | 0.56% |
| Ather Energy Ltd. | 1.83% | 0.52% |
| Hindalco Industries Ltd. | 0.48% | 0.70% |
| Billionbrains Garage Ventures Ltd. | 0.47% | 2.04% |
| Navin Fluorine International Ltd. | 0.41% | 1.80% |
| One 97 Communications Ltd. | 2.35% | 0.37% |
| Sedemac Mechatronics Ltd. | 0.32% | 2.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.0% means 27.0% 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 |
|---|---|
| TD Power Systems Ltd. | 2.70% |
| Sansera Engineering Ltd. | 2.46% |
| Lenskart Solutions Ltd. | 2.31% |
| Persistent Systems Ltd. | 2.10% |
| Sai Life Sciences Ltd. | 1.89% |
Largest holdings only in Aditya Birla Sun Life Special Opportunities Fund
| Security | % of fund |
|---|---|
| Aditya Infotech Ltd. | 7.48% |
| Bharti Airtel Ltd. | 3.69% |
| SPR Auto Technologies Ltd. | 2.57% |
| Union Bank of India | 2.12% |
| Bank of Maharashtra | 2.02% |
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 Special Opportunities |
|---|---|---|
| Equity | 95.8% | 93.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.2% | 6.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Multi-Cap | Aditya Birla Sun Life Special Opportunities |
|---|---|---|
| Large Cap | 35.1% | 36.4% |
| Mid Cap | 28.5% | 13.7% |
| Small Cap | 28.1% | 39.9% |
| Not on AMFI's list | 4.1% | 3.5% |
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 Special Opportunities |
|---|---|---|
| Banks | 12.6% | 12.8% |
| Auto Components | 9.3% | 10.2% |
| Industrial Manufacturing | 0.0% | 9.4% |
| Electrical Equipment | 8.9% | 0.0% |
| Retailing | 7.8% | 7.3% |
| Finance | 4.0% | 6.1% |
| Pharmaceuticals & Biotechnology | 5.3% | 4.0% |
| IT - Software | 5.1% | 5.3% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Multi-Cap vs Aditya Birla Sun Life Special Opportunities: 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 Special Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.02% | 1.18% |
| Base expense ratio (Direct) | 0.69% | 0.87% |
| Total expense ratio (Regular) | 2.00% | 2.28% |
| Base expense ratio (Regular) | 1.55% | 1.84% |
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 Special Opportunities with
- Aditya Birla Sun Life Special Opportunities vs Nippon India Taiwan Equity
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- Aditya Birla Sun Life Special Opportunities vs HDFC Pharma and Healthcare
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- Aditya Birla Sun Life Special Opportunities vs Aditya Birla Sun Life International Equity
Aditya Birla Sun Life Multi-Cap Fund vs Aditya Birla Sun Life Special Opportunities Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Multi-Cap Fund and Aditya Birla Sun Life Special Opportunities Fund?
Aditya Birla Sun Life Multi-Cap Fund is a Multi Cap fund, Aditya Birla Sun Life Special Opportunities Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund. Their portfolios overlap 27.0%. Aditya Birla Sun Life Multi-Cap Fund charges 1.02% a year and Aditya Birla Sun Life Special Opportunities Fund 1.18%.
Which has given higher returns, Aditya Birla Sun Life Multi-Cap Fund or Aditya Birla Sun Life Special Opportunities Fund?
Over 1 year: Aditya Birla Sun Life Multi-Cap Fund +0.60%, Aditya Birla Sun Life Special Opportunities Fund +5.40%. Over 3 years: Aditya Birla Sun Life Multi-Cap Fund +13.90% a year, Aditya Birla Sun Life Special Opportunities Fund +18.27% a year. Over 5 years: Aditya Birla Sun Life Multi-Cap Fund +11.47% a year, Aditya Birla Sun Life Special Opportunities Fund +12.63% 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 Special Opportunities Fund?
Aditya Birla Sun Life Multi-Cap Fund charges less: 1.02% a year against 1.18%. 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 Special Opportunities Fund overlap?
27.0%. They hold 26 of the same securities, the largest shared ones being ICICIBANK, SHRIRAMFIN, RBLBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Multi-Cap Fund or Aditya Birla Sun Life Special Opportunities Fund?
On SEBI's riskometer, Aditya Birla Sun Life Multi-Cap Fund is rated Very High and Aditya Birla Sun Life Special Opportunities Fund Very High. Over 3 years, the standard deviation of daily returns was 14.50% and 14.15% a year.
Which is better for SIP, Aditya Birla Sun Life Multi-Cap Fund or Aditya Birla Sun Life Special Opportunities 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 ₹8,85,799 in Aditya Birla Sun Life Special Opportunities Fund (XIRR 14.7% 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 Special Opportunities Fund?
Yes. 27.0% 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 Special Opportunities Fund?
Aditya Birla Sun Life Multi-Cap Fund: Abhinav Khandelwal, Harshil Suvarnkar. Aditya Birla Sun Life Special Opportunities Fund: Dhaval Gala.
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.