Best Multi-Cap Mutual Funds to Invest in 2025~

It's a well-known fact that no market cap is an outperformer every single year. So, diversification across market caps through large-cap, small-cap, and mid-cap funds can lower volatility and help you earn a better risk-adjusted return. A multi-cap fund is a type of equity mutual fund which invests in stocks of small, medium, and large-sized businesses.

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Invest
₹ 10,000
Invest for
AUM (Cr)

₹9,223

NAV

114.91

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 27.23 21.27 18.4 %

Instant tax receipt
AUM (Cr)

₹3,137

NAV

69.87

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 24.38 16.88 15.47 %

Instant tax receipt
AUM (Cr)

₹35,672

NAV

77.2

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 25.73 14.99 15.14 %

Instant tax receipt
AUM (Cr)

₹5,410

NAV

81.9

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 24.15 12.92 14.99 %

Instant tax receipt
AUM (Cr)

₹3,524

NAV

41.16

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 21.02 13.67 14.48 %

Instant tax receipt
AUM (Cr)

₹4,206

NAV

68.39

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 24.13 15.16 14.43 %

Instant tax receipt
AUM (Cr)

₹434

NAV

67.43

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.74 13.95 14.2 %

Instant tax receipt
AUM (Cr)

₹343

NAV

94.37

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 23.41 14.82 14.07 %

Instant tax receipt
AUM (Cr)

₹227

NAV

48.87

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 23.14 15.3 13.69 %

Instant tax receipt
AUM (Cr)

₹6,953

NAV

152.89

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.5 13.72 13.68 %

Instant tax receipt
AUM (Cr)

₹3,137

NAV

69.87

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 24.38 16.88 15.47 %

AUM (Cr)

₹3,524

NAV

41.16

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 21.02 13.67 14.48 %

AUM (Cr)

₹4,206

NAV

68.39

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 24.13 15.16 14.43 %

AUM (Cr)

₹434

NAV

67.43

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.74 13.95 14.2 %

AUM (Cr)

₹343

NAV

94.37

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 23.41 14.82 14.07 %

AUM (Cr)

₹227

NAV

48.87

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 23.14 15.3 13.69 %

AUM (Cr)

₹6,953

NAV

152.89

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.5 13.72 13.68 %

AUM (Cr)

₹95

NAV

56.51

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 24.35 15.29 13.63 %

AUM (Cr)

₹2,724

NAV

69.28

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.62 13.47 13.63 %

AUM (Cr)

₹13,305

NAV

81.19

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.11 13.39 13.04 %

AUM (Cr)

₹9,223

NAV

114.91

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 27.23 21.27 18.4 %

AUM (Cr)

₹35,672

NAV

77.2

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 25.73 14.99 15.14 %

AUM (Cr)

₹5,410

NAV

81.9

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 24.15 12.92 14.99 %

AUM (Cr)

₹2,188

NAV

175.84

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 31.36 21.73 17.46 %

AUM (Cr)

₹969

NAV

73.28

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 23.22 14.94 14.83 %

AUM (Cr)

₹13,357

NAV

68.17

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 21.83 13.58 13.29 %

AUM (Cr)

₹1,178

NAV

53.16

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 22.03 13.24 12.58 %

AUM (Cr)

₹3,245

NAV

58.53

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 22.95 13.36 12.55 %

AUM (Cr)

₹535

NAV

57.4

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.13 12.14 11.86 %

AUM (Cr)

₹221

NAV

93.77

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 8.55 8.54 8.64 %

AUM (Cr)

₹872

NAV

40.47

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 6.22 8.12 7.99 %

AUM (Cr)

₹498

NAV

38.23

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 6.15 8.19 7.78 %

AUM (Cr)

₹209

NAV

47.18

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.25 7.61 7.52 %

AUM (Cr)

₹71

NAV

40.48

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.62 7.41 7.42 %

AUM (Cr)

₹97

NAV

38.68

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.76 7.63 7.36 %

AUM (Cr)

₹8,125

NAV

32.13

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.41 7.24 7.33 %

AUM (Cr)

₹20,041

NAV

49.48

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 5.81 7.42 7.29 %

AUM (Cr)

₹110

NAV

29.08

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 6.15 7.12 7.29 %

AUM (Cr)

₹1,115

NAV

46.22

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 6.26 7.36 7.25 %

AUM (Cr)

₹849

NAV

97.89

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 22.92 16.51 15.57 %

AUM (Cr)

₹367

NAV

47.66

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 15.08 11.3 10.9 %

AUM (Cr)

₹5,909

NAV

39.55

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 14.46 10.25 10.19 %

AUM (Cr)

₹500

NAV

102.29

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 12.63 10.26 10.17 %

AUM (Cr)

₹63

NAV

59.42

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 11.95 9.87 10.13 %

AUM (Cr)

₹858

NAV

39.08

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 14.12 10.43 10.01 %

AUM (Cr)

₹8,010

NAV

109.74

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 13.59 10.5 9.98 %

AUM (Cr)

₹297

NAV

31.09

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 13.85 9.7 9.88 %

AUM (Cr)

₹19

NAV

33.39

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 13.55 10.03 9.69 %

AUM (Cr)

₹2,007

NAV

42.85

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 14.34 9.56 9.65 %

AUM (Cr)

₹1,239

NAV

78.25

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 21.56 13.25 13.96 %

AUM (Cr)

₹6,953

NAV

152.89

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.5 13.72 13.68 %

AUM (Cr)

₹2,724

NAV

69.28

Estimated Value

After 5 years After 7 years After 10 years
Returns (p.a.)

+ 20.62 13.47 13.63 %

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If you are looking to invest your money for good returns, you can now select the best multi-cap mutual fund that maintains a balanced fund-allotment across market caps. This article outlines the best multi-cap funds in India. 

  • Insurance Companies
  • Mutual Funds
Returns
Fund Name 5 Years 7 Years 10 Years
High Growth Fund Max Life
Rating
27.23% 21.27%
18.4%
View Plan
Top 200 Fund Tata AIA
Rating
31.36% 21.73%
17.46%
View Plan
Accelerator Mid-Cap Fund II Bajaj Allianz
Rating
24.15% 12.92%
14.99%
View Plan
Opportunities Fund HDFC Standard
Rating
25.73% 14.99%
15.14%
View Plan
Equity II Fund Canara HSBC Oriental Bank
Rating
19.44% 10.32%
10.53%
View Plan
Grow Money Plus Fund Bharti AXA
Rating
20.74% 13.95%
14.2%
View Plan
Multiplier Birla Sun Life
Rating
26.67% 14.27%
15.83%
View Plan
Equity Top 250 Fund Edelwiess Tokio
Rating
20.13% 12.14%
11.86%
View Plan
Opportunities Fund ICICI Prudential
Rating
22.95% 13.36%
12.55%
View Plan
Flexi Growth Fund LIC
Rating
- -
-
View Plan
Fund rating powered by
Last updated:
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  Returns
Fund Name 3 Years 5 Years 10 Years
Active Fund QUANT 23.92% 31.48%
21.87%
Flexi Cap Fund PARAG PARIKH 20.69% 26.41%
19.28%
Large and Mid-Cap Fund EDELWEISS 22.34% 24.29%
17.94%
Equity Opportunities Fund KOTAK 24.64% 25.01%
19.45%
Large and Midcap Fund MIRAE ASSET 19.74% 24.32%
22.50%
Flexi Cap Fund PGIM INDIA 14.75% 23.39%
-
Flexi Cap Fund DSP 18.41% 22.33%
16.91%
Emerging Equities Fund CANARA ROBECO 20.05% 21.80%
15.92%
Focused fund SUNDARAM 18.27% 18.22%
16.55%

Last updated: May 2025

Compare more funds

Best Multi-Cap Mutual Fund List

Name of Fund

Percentage Return (1 Yr)

Percentage Return (3 Yr)

Percentage Return (5 Yr)

Percentage Return (7 Yr)

Percentage Return (10 Yr)

Axis Multi-Cap

16.72

13.68

Edelweiss Multicap

12.29

5.12

11.55

Franklin India Equity

14.2

4.21

9.17

14.26

11.49

HDFC Equity

5.63

2.62

9.71

12.86

9.15

ICICI Prudential Multicap

8.24

4.62

10.03

14.05

10.26

Invesco India Multicap

17.44

2.24

9.85

16.52

14.27

Kotak Standard Multicap

10.09

6.93

12.7

16.64

12.6

Motilal Oswal Multicap 35

8.44

2.53

11.11

Nippon India Multicap

-0.12

-0.32

5.55

11.24

9.96

SBI Magnum Multicap

11.97

5.3

11.26

16.62

11.56

Disclaimer: ≈ Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is done in alphabetical order (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Let us look at these best multi-cap mutual fund options one by one.

  1. Axis Multi-Cap

    Axis Multi-Cap Fund invests in high conviction equity instruments that have higher risk-adjusted returns across all market capitalizations. This fund invests in stocks that are expected to grow faster than their benchmark. This fund uses a bottom-up approach to identify stocks at inflection points such as industry consolidation and market share gains, better management focus, sunrise industries, favorable capital allocations, as well as regulatory and policy changes.

  2. Edelweiss Multi-Cap

    Edelweiss Multi-Cap Fund uses a bottom-up method to select stocks. The fund claims that it can reap the rewards of compounding and valuation rerating by ensuring a high degree of diligence. The stock-specific criteria are used to make investment decisions, and not macroeconomic factors. The fund's objective is to create a portfolio that can withstand market cycles and also generate long-term capital appreciation. 

  3. Franklin India Equity

    This fund asserts that it follows an aggressive investment tactic by undertaking active and defensive positions based on market possibilities available at various periods. Moreover, it looks to invest in various companies throughout market capitalization based on the relevant possibilities available. It also follows a mix of growth and value investment approaches then combines it with a bottom-up method to come up with wealth-creating stocks throughout the sectors. 

  4. HDFC Equity

    This fund has a proven stock selection process. It picks companies that have the potential to achieve growth that is above average, unique competitive benefits, and amazing financial records. Moreover, this fund looks to invest in various companies through market capitalization. It offers a justifiable balance of risk and reward. 

  5. ICICI Prudential Multi-Cap

    This fund focuses on investing in stocks with high conviction across all market capitalizations. It aims to identify future market leaders by investing in companies that are capable of transforming themselves. With its sector-agnostic market focus, it employs a mix of top-down and bottom-up approaches to stock selection. The top-down approach identifies macroeconomic conditions, while the bottom-up method selects stocks based on their growth prospects, financials, and cash flows.

  6. Invesco India Multi-Cap

    This fund type highly focuses on the bottom-up method for selecting the stock without considering bias in the sector. It also invests in greater conviction opinions throughout the market capitalization range. 50%-70% of the fund's portfolio is invested in midcap companies while 30%-50% of the fund's portfolio is invested in large-cap companies. Note that the fund is flexible enough to undergo exposure change to various market capitalizations. 

  7. Kotak Standard Multi-Cap

    This fund recognizes good-performing sectors throughout market capitalizations. It then invests in the best-performing funds. Kotak Standard Multi-Cap Fund utilizes a top-down method to distinguish the outperforming sectors. It then utilizes a bottom-up method for stock choice within the chosen sectors. 

    It places straightforward bets on the sectors while keeping a diversified portfolio at the stock level. Also, as it chooses the stocks, it favors companies with growth-oriented and aggressive business models, bandwidth, attractive valuation, high management, regular cash flows, and efficient capital allocation. 

    The fund is presently concentrating on industrials and the cement sector. This is because of the good valuations. It has also increased its exposure to FMCG stocks in May 2020.

  8. Motilal Oswal Multi-Cap 35

    This fund has the potential to invest in approximately thirty-five equity-related instruments as it is based on the method of ‘Buy Right: Sit Tight’. The fund intends to invest in high-quality stocks at justified valuations. On the other hand, the 'Sit tight' approach emphasizes staying with a stock investment for a long time to reap maximum benefits. The fund looks to restrict its portfolio components to 25-30 stocks to lessen the risks of reducing returns and bigger market risk from over-diversification. 

  9. Nippon India Multi-Cap 

    Nippon India Multi-Cap Fund, a trend-based fund, allows it to be overweight in certain market capitalizations or sector caps based on prevailing market opportunities and future possibilities. Its exposure to large-cap companies aims to capture market movements and ensure liquidity during volatility, while its exposure to niche themes through small and midcap companies aims to generate alpha. 

    It seeks out quality midcap companies that have a track record of success and have scalable business models. The fund also favors emerging or niche themes that have sustainable competitive edges. The fund invests heavily in stocks of deep value, which are mispriced by the markets for non-fundamental reasons. Through its allocations to topics such as hotel/resorts and insurance, the fund hopes to reap economic revival.

  10. SBI Magnum Multi-Cap

    This fund is in existence for fifteen years. It employs a bottom-up method for picking stocks throughout market segments and capitalizations. It has managed to give great returns in many market cycles. 

Should You Invest in a Multi-Cap Mutual Fund?

Multi-cap is a great option for investors who want to avoid stock-picking or even the decision of which market cap mutual funds to invest in. Once you are familiar with the market, you can move to one of the pure-market cap funds. These funds are suitable for novice investors who want to minimize risk.

To determine whether you should invest, it is important to assess your financial goals and to see if multi-cap funds align with them.

Wrapping Up

Small, mid, and large-cap funds are generally limited to stay with the companies mentioned in the portfolio. In such cases, it is advisable to look for top multi-cap mutual funds. For the long term, you can rely on multi-cap funds to be consistent wealth assets owing to their ability to leverage the market opportunities.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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