Edelweiss NIFTY Large Midcap 250 Index Fund vs HDFC Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss NIFTY Large Midcap 250 Index Fund is an Index fund and HDFC Multi Cap Fund is a Multi Cap fund. In the 3 years to 30-10-2026, Edelweiss NIFTY Large Midcap 250 Index Fund (Direct) returned 11.2% a year and HDFC Multi Cap Fund (Direct) returned 10.3% a year. Edelweiss NIFTY Large Midcap 250 Index Fund charges 0.37% a year and HDFC Multi Cap Fund 0.96% (Direct plans). Their portfolios overlap 42.1%: they hold 71 of the same securities.
Edelweiss NIFTY Large Midcap 250 Index Fund
Index
- 3 year return
- 11.2%
- Expense ratio
- 0.37%
- NAV
- ₹16.25
Which is better, Edelweiss NIFTY Large Midcap 250 Index or HDFC Multi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss NIFTY Large Midcap 250 Index returned more over 3 years: 11.2% a year against 10.3%.
- Edelweiss NIFTY Large Midcap 250 Index returned more over 1 year: −6.8% against −9.6%.
- Edelweiss NIFTY Large Midcap 250 Index costs less: 0.37% a year against 0.96% (Direct plans).
- HDFC Multi Cap swung less over 3 years: a standard deviation of 14.7% a year against 14.8%.
- Edelweiss NIFTY Large Midcap 250 Index fell less in its worst fall since 10-12-2021: −18.9% against −20.2%.
- HDFC Multi Cap is the larger fund: ₹19,490 Cr against ₹332 Cr.
- Their portfolios overlap 42.1%: 71 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 | Edelweiss NIFTY Large Midcap 250 Index Fund | HDFC Multi Cap Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | HDFC Mutual Fund |
| Category | Index | Multi Cap |
| AUM | ₹332 Cr (30-09-2026) | ₹19,490 Cr (30-09-2026) |
| NAV | ₹16.25 (Direct) | ₹18.50 (Direct) |
| Expense ratio (Direct) | 0.37% | 0.96% |
| Expense ratio (Regular) | 1.08% | 1.79% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty LargeMidcap 250 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 01-12-2021 | 10-12-2021 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Bhavesh Jain, Manasi Jalgaonkar | Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar |
| Exit load | Nil | In respect of each purchase/switch in of units, an Exit load of 1% is payable if units are redeemed/switched-out within 1 year from the date of allotment. No Exit Load is payable if units are redeemed / switched-out after 1 year from the date of allotment.No Entry / Exit Load shall be levied on bonus units and Units allotted on Reinvestment of Income Distribution cum Capital Withdrawal. |
Edelweiss NIFTY Large Midcap 250 Index vs HDFC Multi 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss NIFTY Large Midcap 250 Index Fund (Direct) | −1.34% | −6.96% | −3.56% | −6.79% | +11.15% | -- | -- |
| HDFC Multi Cap Fund (Direct) | −2.40% | −6.98% | −3.36% | −9.57% | +10.26% | -- | -- |
| 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.
Edelweiss NIFTY Large Midcap 250 Index vs HDFC Multi Cap: Year-wise Returns
| Year | Edelweiss NIFTY Large Midcap 250 IndexEdelweiss NIFTY Large Midcap 250 Index | HDFC Multi CapHDFC Multi Cap |
|---|---|---|
| 2026to date | −7.38% | −8.15% |
| 2025 | +7.89% | +3.34% |
| 2024 | +18.30% | +22.21% |
| 2023 | +32.04% | +41.93% |
| 2022 | +4.04% | +11.30% |
Edelweiss NIFTY Large Midcap 250 Index vs HDFC Multi Cap: Rolling Returns
Every holding period of both funds, against NIFTY LargeMidcap 250 TRI, the benchmark of Edelweiss NIFTY Large Midcap 250 Index Fund
Rolling returns
Every 3-year holding period, 467 of them, one for each trading day from 10-12-2024 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.
Edelweiss NIFTY Large Midcap 250 Index Fund (Direct)
HDFC Multi Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
to
Feb 2025May 2022
to
May 2025Sept 2022
to
Sept 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss NIFTY Large Midcap 250 Index | 0.0 | 0.0 | 0.6 | 19.1 | 67.0 | 13.3 | 0.0 | 17.3% | 17.5% | 9.7% | 25.0% | 0% |
| HDFC Multi Cap | 0.0 | 0.0 | 1.3 | 15.5 | 20.0 | 48.5 | 14.8 | 20.3% | 21.1% | 9.4% | 30.0% | 77% |
| NIFTY LargeMidcap 250 TRI | 0.0 | 0.0 | 0.0 | 16.7 | 66.6 | 16.3 | 0.4 | 17.7% | 18.0% | 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 NIFTY LargeMidcap 250 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 10-12-2021. Past returns do not promise future returns.
Edelweiss NIFTY Large Midcap 250 Index vs HDFC Multi 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 03-12-2021 to 30-10-2026: 59 instalments, ₹5,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss NIFTY Large Midcap 250 IndexEdelweiss NIFTY Large Midcap 250 Index Fund (Direct) | ₹5,90,000 | ₹7,30,837 | ₹1,40,837 | 8.7% |
| HDFC Multi CapHDFC Multi Cap Fund (Direct) | ₹5,90,000 | ₹7,46,953 | ₹1,56,953 | 9.6% |
Edelweiss NIFTY Large Midcap 250 IndexEdelweiss NIFTY Large Midcap 250 Index Fund (Direct)
HDFC Multi CapHDFC Multi 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.
Edelweiss NIFTY Large Midcap 250 Index vs HDFC Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss NIFTY Large Midcap 250 Index Fund (Direct) | HDFC Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.79% | −9.57% |
| Standard deviation | 14.80% | 14.37% |
| Sharpe ratio | -0.81 | -1.03 |
| Sortino ratio | -1.09 | -1.37 |
| Maximum drawdown | −14.4% (31-03-2026) | −15.0% (30-03-2026) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.33% | −4.13% |
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 | Edelweiss NIFTY Large Midcap 250 Index Fund (Direct) | HDFC Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.15% | +10.26% |
| Standard deviation | 14.82% | 14.74% |
| Sharpe ratio | 0.35 | 0.29 |
| Sortino ratio | 0.47 | 0.39 |
| Maximum drawdown | −18.9% (28-02-2025) | −20.2% (03-03-2025) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.37% | −0.84% |
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 | Edelweiss NIFTY Large Midcap 250 Index Fund (Direct) | HDFC Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.56% | +13.36% |
| Standard deviation | 14.70% | 14.40% |
| Sharpe ratio | 0.32 | 0.52 |
| Sortino ratio | 0.43 | 0.70 |
| Maximum drawdown | −18.9% (28-02-2025) | −20.2% (03-03-2025) |
| Beta | 1.00 | 0.95 |
| Alpha | −0.41% | +3.23% |
From daily NAVs, 03-12-2021 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.
Edelweiss NIFTY Large Midcap 250 Index Fund (Direct)
HDFC Multi Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss NIFTY Large Midcap 250 Index Fund (Direct) | −18.9% | 26-09-2024 | 28-02-2025 | 02-01-2026 | 10 months | −8.7% |
| HDFC Multi Cap Fund (Direct) | −20.2% | 27-09-2024 | 03-03-2025 | Not yet | -- | −11.4% |
| NIFTY LargeMidcap 250 TRI | −18.8% | 26-09-2024 | 28-02-2025 | 17-11-2025 | 9 months | −8.6% |
From daily values since 10-12-2021, 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.
Edelweiss NIFTY Large Midcap 250 Index Fund (Direct)
HDFC Multi Cap Fund (Direct)
NIFTY LargeMidcap 250 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.
Edelweiss NIFTY Large Midcap 250 Index Fund (Direct)
HDFC Multi Cap Fund (Direct)
NIFTY LargeMidcap 250 TRI
Against NIFTY LargeMidcap 250 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss NIFTY Large Midcap 250 Index Fund (Direct) | 99% | 101% | 0.13% |
| HDFC Multi Cap Fund (Direct) | 102% | 89% | 3.25% |
From month-end values since 10-12-2021. 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.
Edelweiss NIFTY Large Midcap 250 Index vs HDFC Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss NIFTY Large Midcap 250 Index Fund, September 2026; HDFC Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 42.1%
- Held by both
- 71
- Only in Edelweiss NIFTY Large Midcap 250 Index
- 179
- Only in HDFC Multi Cap
- 50
| Security | % of Edelweiss NIFTY Large Midcap 250 Index | % of HDFC Multi Cap |
|---|---|---|
| HDFC Bank Ltd. | 4.21% | 3.93% |
| ICICI Bank Ltd. | 3.67% | 3.66% |
| Reliance Industries Ltd. | 3.07% | 2.41% |
| Bharti Airtel Ltd. | 2.07% | 2.13% |
| State Bank of India | 1.54% | 1.77% |
| Axis Bank Ltd. | 1.37% | 2.44% |
| Kotak Mahindra Bank Ltd. | 1.19% | 1.92% |
| Mahindra & Mahindra Ltd. | 1.02% | 1.32% |
| Larsen & Toubro Ltd. | 1.70% | 0.92% |
| Eternal Ltd. | 0.90% | 2.13% |
| Infosys Ltd. | 1.36% | 0.82% |
| Coforge Ltd. | 0.75% | 1.08% |
| The Indian Hotels Company Ltd. | 0.78% | 0.74% |
| AU Small Finance Bank Ltd. | 0.72% | 1.01% |
| Persistent Systems Ltd. | 0.70% | 0.68% |
| Dixon Technologies (India) Ltd. | 0.67% | 0.68% |
| Hindustan Unilever Ltd. | 0.65% | 1.02% |
| Lupin Ltd. | 0.61% | 0.81% |
| Maruti Suzuki India Ltd. | 0.60% | 1.12% |
| Tata Steel Ltd. | 0.59% | 1.09% |
| NTPC Ltd. | 0.59% | 1.72% |
| Bharat Electronics Ltd. | 0.54% | 1.00% |
| Shriram Finance Ltd. | 0.53% | 0.95% |
| Bharat Forge Ltd. | 0.66% | 0.52% |
| Multi Commodity Exchange Of India Ltd. | 1.03% | 0.51% |
| Ultratech Cement Ltd. | 0.50% | 0.90% |
| HCL Technologies Ltd. | 0.50% | 1.08% |
| ICICI Lombard General Insurance Co. Ltd. | 0.48% | 1.45% |
| EMBASSY OFFICE PARKS REIT | 0.47% | 0.50% |
| Divi's Laboratories Ltd. | 0.46% | 0.90% |
| PB Fintech Ltd. | 0.46% | 0.93% |
| Swiggy Ltd. | 0.46% | 0.45% |
| Max Financial Services Ltd. | 0.45% | 0.70% |
| InterGlobe Aviation Ltd. | 0.44% | 1.05% |
| Apar Industries Ltd. | 0.40% | 0.42% |
| Hindustan Petroleum Corporation Ltd. | 0.41% | 0.38% |
| Eicher Motors Ltd. | 0.38% | 0.66% |
| Alkem Laboratories Ltd. | 0.38% | 1.19% |
| Vishal Mega Mart Ltd | 0.35% | 0.41% |
| Mphasis Ltd. | 0.35% | 0.87% |
| Tata Motors Ltd. | 0.34% | 0.76% |
| 360 One Wam Ltd. | 0.33% | 0.61% |
| IPCA Laboratories Ltd. | 0.33% | 0.59% |
| BSE Ltd. | 0.50% | 0.32% |
| Havells India Ltd. | 0.31% | 0.70% |
| Prestige Estates Projects Ltd. | 0.31% | 0.95% |
| Tube Investments Of India Ltd. | 0.31% | 0.74% |
| Oil India Ltd. | 0.30% | 0.53% |
| Max Healthcare Institute Ltd. | 0.27% | 0.95% |
| Supreme Industries Ltd. | 0.27% | 0.77% |
| Vedanta Aluminium Metal Ltd. | 0.27% | 0.44% |
| JSW Infrastructure Ltd. | 0.26% | 0.42% |
| TVS Motor Company Ltd. | 0.37% | 0.25% |
| Cummins India Ltd. | 0.25% | 0.24% |
| Tata Communications Ltd. | 0.24% | 1.15% |
| Blue Star Ltd. | 0.24% | 0.74% |
| Aster DM Quality Care Ltd. | 0.23% | 0.84% |
| Britannia Industries Ltd. | 0.22% | 2.05% |
| HDFC Life Insurance Company Ltd. | 0.22% | 0.67% |
| Jubilant Foodworks Ltd. | 0.22% | 1.00% |
| Balkrishna Industries Ltd. | 0.21% | 1.07% |
| Ajanta Pharma Ltd. | 0.20% | 0.65% |
| Lenskart Solutions Ltd. | 0.61% | 0.18% |
| Power Finance Corporation Ltd. | 0.18% | 0.91% |
| LTM Ltd. | 0.15% | 0.31% |
| Global Health Ltd. | 0.15% | 0.79% |
| ABB India Ltd. | 0.14% | 0.90% |
| Godrej Consumer Products Ltd. | 0.13% | 0.40% |
| L&T Technology Services Ltd. | 0.11% | 0.42% |
| Endurance Technologies Ltd. | 0.11% | 0.93% |
| Tata Capital Ltd. | 0.07% | 0.98% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 42.1% means 42.1% 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 Edelweiss NIFTY Large Midcap 250 Index Fund
| Security | % of fund |
|---|---|
| Bajaj Finance Ltd. | 1.01% |
| ITC Ltd. | 0.98% |
| The Federal Bank Ltd. | 0.96% |
| Laurus Labs Ltd. | 0.95% |
| One 97 Communications Ltd. | 0.89% |
Largest holdings only in HDFC Multi Cap Fund
| Security | % of fund |
|---|---|
| PNB Housing Finance Ltd. | 1.38% |
| Sona Blw Precision Forgings | 1.26% |
| Five-Star Business Finance Limited | 1.11% |
| Timken India Ltd. | 1.00% |
| JSW Dulux Limited | 0.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss NIFTY Large Midcap 250 Index | HDFC Multi Cap |
|---|---|---|
| Equity | 99.4% | 97.9% |
| Debt | 0.0% | 0.3% |
| Cash and others | 0.6% | 1.8% |
Market cap of stocks
| Market cap | Edelweiss NIFTY Large Midcap 250 Index | HDFC Multi Cap |
|---|---|---|
| Large Cap | 51.9% | 43.2% |
| Mid Cap | 46.3% | 26.3% |
| Small Cap | 1.3% | 27.0% |
| Not on AMFI's list | 0.0% | 1.4% |
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 | Edelweiss NIFTY Large Midcap 250 Index | HDFC Multi Cap |
|---|---|---|
| Banks | 16.9% | 15.5% |
| Finance | 6.5% | 6.9% |
| Pharmaceuticals & Biotechnology | 6.7% | 6.2% |
| Auto Components | 2.7% | 6.1% |
| IT - Software | 5.6% | 5.3% |
| Leisure Services | 1.4% | 4.6% |
| Retailing | 4.3% | 3.2% |
| Automobiles | 4.0% | 3.4% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss NIFTY Large Midcap 250 Index vs HDFC Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss NIFTY Large Midcap 250 Index Fund | HDFC Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.37% | 0.96% |
| Base expense ratio (Direct) | 0.25% | 0.71% |
| Total expense ratio (Regular) | 1.08% | 1.79% |
| Base expense ratio (Regular) | 0.85% | 1.42% |
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
Edelweiss NIFTY Large Midcap 250 Index Fund vs HDFC Multi Cap Fund: Frequently Asked Questions
What is the difference between Edelweiss NIFTY Large Midcap 250 Index Fund and HDFC Multi Cap Fund?
Edelweiss NIFTY Large Midcap 250 Index Fund is an Index fund, HDFC Multi Cap Fund is a Multi Cap fund, run by Edelweiss Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 42.1%. Edelweiss NIFTY Large Midcap 250 Index Fund charges 0.37% a year and HDFC Multi Cap Fund 0.96%.
Which has given higher returns, Edelweiss NIFTY Large Midcap 250 Index Fund or HDFC Multi Cap Fund?
Over 1 year: Edelweiss NIFTY Large Midcap 250 Index Fund −6.79%, HDFC Multi Cap Fund −9.57%. Over 3 years: Edelweiss NIFTY Large Midcap 250 Index Fund +11.15% a year, HDFC Multi Cap Fund +10.26% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss NIFTY Large Midcap 250 Index Fund or HDFC Multi Cap Fund?
Edelweiss NIFTY Large Midcap 250 Index Fund charges less: 0.37% a year against 0.96%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss NIFTY Large Midcap 250 Index Fund and HDFC Multi Cap Fund overlap?
42.1%. They hold 71 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss NIFTY Large Midcap 250 Index Fund or HDFC Multi Cap Fund?
On SEBI's riskometer, Edelweiss NIFTY Large Midcap 250 Index Fund is rated Very High and HDFC Multi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.82% and 14.74% a year.
Which is better for SIP, Edelweiss NIFTY Large Midcap 250 Index Fund or HDFC Multi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,80,762 in Edelweiss NIFTY Large Midcap 250 Index Fund (XIRR 1.8% a year) and ₹3,72,503 in HDFC Multi Cap Fund (XIRR 0.4% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss NIFTY Large Midcap 250 Index Fund and HDFC Multi Cap Fund?
Yes. 42.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Edelweiss NIFTY Large Midcap 250 Index Fund and HDFC Multi Cap Fund?
Edelweiss NIFTY Large Midcap 250 Index Fund: Bhavesh Jain, Manasi Jalgaonkar. HDFC Multi Cap Fund: Amar Kalkundrikar, Gopal Agrawal, Bhagyesh Kagalkar.
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.