Axis Multicap Fund vs Tata Multicap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Multicap Fund and Tata Multicap Fund are both Multi Cap funds. In the 3 years to 30-10-2026, Axis Multicap Fund (Direct) returned 18.7% a year and Tata Multicap Fund (Direct) returned 9.4% a year. Axis Multicap Fund charges 0.93% a year and Tata Multicap Fund 0.82% (Direct plans). Their portfolios overlap 26.8%: they hold 32 of the same securities.
Which is better, Axis Multicap or Tata Multicap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Multicap returned more over 3 years: 18.7% a year against 9.4%.
- Axis Multicap returned more over 1 year: 3.8% against −0.8%.
- Tata Multicap costs less: 0.82% a year against 0.93% (Direct plans).
- Axis Multicap swung less over 3 years: a standard deviation of 14.9% a year against 15.2%.
- Axis Multicap fell less in its worst fall since 09-02-2023: −18.1% against −22.4%.
- Axis Multicap is the larger fund: ₹11,972 Cr against ₹3,409 Cr.
- Their portfolios overlap 26.8%: 32 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 | Axis Multicap Fund | Tata Multicap Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Tata Mutual Fund |
| Category | Multi Cap | Multi Cap |
| AUM | ₹11,972 Cr (30-09-2026) | ₹3,409 Cr (30-09-2026) |
| NAV | ₹20.12 (Direct) | ₹15.25 (Direct) |
| Expense ratio (Direct) | 0.93% | 0.82% |
| Expense ratio (Regular) | 1.99% | 2.18% |
| Riskometer | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 17-12-2021 | 02-02-2023 |
| Minimum investment | ₹100 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Nitin Arora, Shreyash Devalkar, Hitesh Das | Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 365 days | Exit load of 0.50%, if redeemed within 30 days. |
Axis Multicap vs Tata Multicap: 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 |
|---|---|---|---|---|---|---|---|
| Axis Multicap Fund (Direct) | −1.18% | +0.20% | +7.65% | +3.76% | +18.70% | -- | -- |
| Tata Multicap Fund (Direct) | −1.68% | −6.58% | −0.16% | −0.78% | +9.40% | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 33 Multi Cap funds, same plan type.
Axis Multicap vs Tata Multicap: Year-wise Returns
| Year | AxisAxis Multicap | TataTata Multicap | Nifty500 Multicap 50:25:25 TRI |
|---|---|---|---|
| 2026to date | +5.62% | −1.66% | −5.56% |
| 2025 | +2.42% | +4.65% | +5.29% |
| 2024 | +33.81% | +14.27% | +19.34% |
| 2023 | +38.31% | -- | +33.74% |
| 2022 | −0.20% | -- | +2.84% |
Axis Multicap vs Tata Multicap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 180 of them, one for each trading day from 09-02-2026 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.
Axis Multicap Fund (Direct)
Tata Multicap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
to
Mar 2026Apr 2023
to
Apr 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Multicap | 0.0 | 0.0 | 0.0 | 0.0 | 22.8 | 77.2 | 0.0 | 21.2% | 21.2% | 17.0% | 24.6% | 100% |
| Tata Multicap | 0.0 | 0.0 | 14.0 | 71.9 | 14.0 | 0.0 | 0.0 | 12.9% | 13.2% | 8.4% | 16.0% | 0% |
| Nifty500 Multicap 50:25:25 TRI | 0.0 | 0.0 | 0.0 | 40.6 | 57.8 | 1.7 | 0.0 | 15.5% | 15.7% | 10.1% | 20.1% | -- |
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 09-02-2023. Past returns do not promise future returns.
Axis Multicap vs Tata Multicap: 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 01-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis MulticapAxis Multicap Fund (Direct) | ₹4,50,000 | ₹5,86,482 | ₹1,36,482 | 14.2% |
| Tata MulticapTata Multicap Fund (Direct) | ₹4,50,000 | ₹5,07,883 | ₹57,883 | 6.4% |
Axis MulticapAxis Multicap Fund (Direct)
Tata MulticapTata Multicap 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.
Axis Multicap vs Tata Multicap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Multicap Fund (Direct) | Tata Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.76% | −0.78% |
| Standard deviation | 15.43% | 14.71% |
| Sharpe ratio | -0.10 | -0.41 |
| Sortino ratio | -0.13 | -0.56 |
| Maximum drawdown | −13.2% (23-03-2026) | −13.1% (31-03-2026) |
| Beta | 1.00 | 0.96 |
| Alpha | +9.82% | +4.84% |
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 | Axis Multicap Fund (Direct) | Tata Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +18.70% | +9.40% |
| Standard deviation | 14.93% | 15.18% |
| Sharpe ratio | 0.85 | 0.22 |
| Sortino ratio | 1.16 | 0.30 |
| Maximum drawdown | −18.1% (28-02-2025) | −22.4% (28-02-2025) |
| Beta | 0.96 | 0.98 |
| Alpha | +7.66% | −1.78% |
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 | Axis Multicap Fund (Direct) | Tata Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.48% | +11.46% |
| Standard deviation | 13.92% | 14.14% |
| Sharpe ratio | 0.69 | 0.37 |
| Sortino ratio | 0.94 | 0.50 |
| Maximum drawdown | −18.1% (28-02-2025) | −22.4% (28-02-2025) |
| Beta | 0.89 | 0.97 |
| Alpha | +4.98% | −2.32% |
From daily NAVs, 23-12-2021 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.
Axis Multicap Fund (Direct)
Tata Multicap 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 |
|---|---|---|---|---|---|---|
| Axis Multicap Fund (Direct) | −18.1% | 26-09-2024 | 28-02-2025 | 29-10-2025 | 8 months | −5.7% |
| Tata Multicap Fund (Direct) | −22.4% | 27-09-2024 | 28-02-2025 | 17-06-2026 | 16 months | −8.3% |
| 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 09-02-2023, 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.
Axis Multicap Fund (Direct)
Tata Multicap 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.
Axis Multicap Fund (Direct)
Tata Multicap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
Against Nifty500 Multicap 50:25:25 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Multicap Fund (Direct) | 113% | 87% | 4.47% |
| Tata Multicap Fund (Direct) | 89% | 95% | 3.58% |
From month-end values since 09-02-2023. 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.
Axis Multicap vs Tata Multicap: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Multicap Fund, September 2026; Tata Multicap Fund, September 2026
Holdings in common
- Overlap
- 26.8%
- Held by both
- 32
- Only in Axis Multicap
- 76
- Only in Tata Multicap
- 46
| Security | % of Axis Multicap | % of Tata Multicap |
|---|---|---|
| HDFC Bank Limited | 2.72% | 7.22% |
| ICICI Bank Limited | 3.25% | 2.00% |
| Axis Bank Limited | 1.45% | 2.16% |
| Bharti Airtel Limited | 1.40% | 1.80% |
| Mahindra & Mahindra Limited | 1.37% | 1.69% |
| Shriram Finance Limited | 1.91% | 1.15% |
| Reliance Industries Limited | 1.11% | 2.44% |
| Samvardhana Motherson International Limited | 1.00% | 1.05% |
| State Bank of India | 1.20% | 0.96% |
| Radico Khaitan Limited | 1.22% | 0.94% |
| Ather Energy Limited | 1.78% | 0.93% |
| Craftsman Automation Limited | 1.56% | 0.92% |
| PNB Housing Finance Limited | 0.97% | 0.91% |
| The Federal Bank Limited | 0.84% | 1.21% |
| Coforge Limited | 0.80% | 1.27% |
| NTPC Limited | 0.80% | 2.20% |
| Indus Towers Limited | 0.72% | 1.37% |
| Apollo Hospitals Enterprise Limited | 0.71% | 0.86% |
| Dixon Technologies (India) Limited | 0.65% | 1.76% |
| Swiggy Limited | 0.56% | 0.73% |
| Cummins India Limited | 0.55% | 0.91% |
| Healthcare Global Enterprises Limited | 0.54% | 1.33% |
| Vijaya Diagnostic Centre Limited | 0.51% | 0.87% |
| Ujjivan Small Finance Bank Limited | 0.51% | 0.50% |
| Mphasis Limited | 0.47% | 0.63% |
| United Spirits Limited | 0.47% | 1.59% |
| Varun Beverages Limited | 0.45% | 0.78% |
| Firstsource Solutions Limited | 0.35% | 1.29% |
| Vishal Mega Mart Limited | 0.33% | 1.75% |
| Rainbow Childrens Medicare Limited | 0.31% | 0.45% |
| Infosys Limited | 0.28% | 1.18% |
| Persistent Systems Limited | 0.07% | 0.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.8% means 26.8% 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 Axis Multicap Fund
| Security | % of fund |
|---|---|
| Sona BLW Precision Forgings Limited | 2.53% |
| Eternal Limited | 2.41% |
| Welspun Corp Limited | 2.35% |
| Apar Industries Limited | 2.03% |
| Multi Commodity Exchange of India Limited | 1.97% |
Largest holdings only in Tata Multicap Fund
| Security | % of fund |
|---|---|
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | 3.69% |
| PEARL GLOBAL INDUSTRIES LTD | 2.18% |
| DR. LAL PATH LABS LTD | 1.98% |
| KOTAK MAHINDRA BANK LTD | 1.83% |
| MARUTI SUZUKI INDIA LTD | 1.76% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Multicap | Tata Multicap |
|---|---|---|
| Equity | 95.4% | 94.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.6% | 5.9% |
Market cap of stocks
| Market cap | Axis Multicap | Tata Multicap |
|---|---|---|
| Large Cap | 39.1% | 39.5% |
| Mid Cap | 23.8% | 26.6% |
| Small Cap | 28.5% | 27.1% |
| Not on AMFI's list | 3.9% | 0.8% |
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 | Axis Multicap | Tata Multicap |
|---|---|---|
| Banks | 15.2% | 19.6% |
| Auto Components | 10.0% | 6.6% |
| Electrical Equipment | 9.8% | 0.0% |
| Healthcare Services | 4.3% | 8.6% |
| Pharmaceuticals & Biotechnology | 7.8% | 2.3% |
| Retailing | 5.3% | 2.5% |
| Industrial Products | 3.8% | 5.1% |
| Automobiles | 5.0% | 4.4% |
| Finance | 4.9% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Multicap vs Tata Multicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Multicap Fund | Tata Multicap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.93% | 0.82% |
| Base expense ratio (Direct) | 0.59% | 0.48% |
| Total expense ratio (Regular) | 1.99% | 2.18% |
| Base expense ratio (Regular) | 1.48% | 1.65% |
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 Axis Multicap with
Axis Multicap Fund vs Tata Multicap Fund: Frequently Asked Questions
What is the difference between Axis Multicap Fund and Tata Multicap Fund?
Both are Multi Cap funds, run by Axis Mutual Fund and Tata Mutual Fund. Their portfolios overlap 26.8%. Axis Multicap Fund charges 0.93% a year and Tata Multicap Fund 0.82%.
Which has given higher returns, Axis Multicap Fund or Tata Multicap Fund?
Over 1 year: Axis Multicap Fund +3.76%, Tata Multicap Fund −0.78%. Over 3 years: Axis Multicap Fund +18.70% a year, Tata Multicap Fund +9.40% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Multicap Fund or Tata Multicap Fund?
Tata Multicap Fund charges less: 0.82% a year against 0.93%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Multicap Fund and Tata Multicap Fund overlap?
26.8%. They hold 32 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Axis Multicap Fund or Tata Multicap Fund?
On SEBI's riskometer, Axis Multicap Fund is rated Very High and Tata Multicap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.93% and 15.18% a year.
Which is better for SIP, Axis Multicap Fund or Tata Multicap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,34,373 in Axis Multicap Fund (XIRR 10.4% a year) and ₹3,92,964 in Tata Multicap Fund (XIRR 3.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Axis Multicap Fund and Tata Multicap Fund?
Yes. 26.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Multicap Fund and Tata Multicap Fund?
Axis Multicap Fund: Nitin Arora, Shreyash Devalkar, Hitesh Das. Tata Multicap Fund: Meeta Shetty, Murthy Nagarajan, Hasmukh Vishariya.
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.