Top 7 Multi-Cap Mutual Funds Gave up to 41% SIP Returns in One Year
Multi-cap mutual funds invest in a mix of large, mid, and small companies, offering a well-balanced portfolio. Over the past year, these funds have given good returns. According to SEBI rules, they must invest at least 75% of their money in equity instruments, with 25% each in large, mid, and small-cap stocks. These funds have delivered an annualized return of 32.05% over the last year and 20.62% over three years, as per Research data. Below is a view of the best multi-cap mutual funds in terms of SIP returns over one year and how a monthly SIP of Rs.22,222 has grown in these funds.
1. Invesco India Multicap Fund – Direct Plan
This fund delivered an annualized SIP return of 40.28% over one year. Having assets of Rs.3,897 crore and Net Asset Value being Rs.165.9400, it tracks Nifty 500 Multicap 50:25:25 TRI. From when it first launched in the month of January in the year 2013, the fund returned 20.49% per annum. Even investors making their monthly SIP of Rs.22,222 or an investment in one year of Rs.3,21,650 yielded the amount of Rs.2,66,664. The fund expense ratio is at 0.66%, with a minimum SIP amount of Rs.500.
2. WhiteOak Capital Multi Cap Fund – Direct Plan
This fund has given a one-year SIP return of 39.21%. It manages assets worth Rs.1,398 crore, and its NAV is Rs.15.4650. Since it started in September 2023, it has given a yearly return of 42.88%. A monthly SIP of Rs.22,222 over the last year grew to Rs.3,20,246. The fund has an expense ratio of 0.43% and permits investments starting from Rs.100 per SIP.
3. LIC MF Multi Cap Fund – Direct Plan
This fund has given a 38.58% annualized return on SIP over the past year. With an asset base of Rs.1,417 crores, the unit price now stands at Rs.18.2163. A long-term annualized return since it was launched in October 2022 stands at 32.78%. A monthly SIP amount of Rs.22,222 in this scheme, in one year, grew into Rs.3,19,426. The fund incurs an expense ratio of 0.46% and it takes a minimum SIP amount of Rs.200 to start investing in this particular one.
4. Axis Multicap Fund – Direct Plan
This fund with an annualized SIP return of 38.49% manages assets worth Rs.6,807 crore and has an NAV of Rs.19.1100. The fund started in December 2021 and has given a yearly return of 24.19%. Investors who put in Rs.22,222 every month through SIPs saw their money grow to Rs.3,19,311 in one year. The fund’s expense ratio is 0.71%, and the minimum SIP amount is Rs.100.
5. Baroda BNP Paribas Multi Cap Fund – Direct Plan
This fund had given an annualized SIP return of 37.05% last year. The AUM is Rs.3,585 crore with the NAV at Rs.340.3359. Since its inception in January 2013, the fund has delivered an annualized return of 17.96%. In this fund, the monthly SIP of Rs.22,222 in the last one year grew to Rs.3,17,432. The expense ratio of the fund is 0.93%, and it accepts SIPs of Rs.500.
6. Edelweiss Multi Cap Fund – Direct Plan
This fund has given an annualized SIP return of 36.01% in the last one year. It has an AUM of Rs.1,609 crore and an NAV of Rs.16.0577. Launched in October 2023, the fund has given an annualized return of 51.98%. A monthly SIP of Rs.22,222 in this fund grew to Rs.3,16,056 in one year. The fund has an expense ratio of 0.26% and allows SIPs from Rs.100.
7. HSBC Multi Cap Fund – Direct Plan
The fund has a one-year annualized SIP return of 32.87%. With a fund size of Rs.4,362 crore and a unit price of Rs.20.0243, the fund is benchmarked against Nifty 500 Multicap 50:25:25 TRI. Since its launch in January 2023, the fund has given an annualized return of 45.09% from inception. A monthly SIP of Rs.22,222 over the last year grew to Rs.3,11,922. The fund’s expense ratio is 0.60%, and it requires a minimum SIP of Rs.500.
Conclusion
Multi-cap mutual funds offer investors diversification across market capitalizations, combining stability and growth opportunities. Even though these funds are classified as high-risk, the potential for significant returns makes them attractive to long-term investors. The selected funds have shown excellent performance, converting consistent SIP investments into significant wealth over a one-year period.
