Diversified Funds, also known as multi cap funds are a class of Equity Funds. Investors with a high-risk appetite who wish to take an exposure in equities usually incline towards Investing in diversified funds. As, diversified funds invest across market caps such as – large cap, mid cap & small cap.

Multi cap, flexi cap or diversified schemes are supposed to invest across stocks in different market capitalisation based on the view of the fund manager. The allocation to each market cap varies from scheme to scheme. Some schemes have a fixed proportion and some change it dynamically depending on the market conditions.
These Mutual Funds adopt a Value investing strategy where they purchase the stocks of companies that are relatively lower in comparison to their past performance, book value, earnings, and other value parameters.
By investing in the Best Diversified Equity Funds, investors can earn slightly more stable returns, however, they would still be affected by the Volatility of equities during a turbulent market condition. Diversified funds are good for investors who are not willing to take much risk to invest in small stocks, but nevertheless wants a kick of extra high return from emerging stocks. One should invest in diversified equity funds in case person has low to moderate risk profile.
To make the process of selecting a good diversified equity fund easy, we have listed essential parameters, along with some pre-selected top & best diversified equity funds – that investors can take into account during their investing journey.
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Fund Selection Methodology used to find 9 funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Aditya Birla Sun Life Manufacturing Equity Fund Growth ₹40.01
↓ -0.14 ₹1,229 11.7 17.2 28.9 21.7 15.6 3.5 Motilal Oswal Multicap 35 Fund Growth ₹63.7741
↑ 0.25 ₹13,294 13 7.3 5.9 20 12.8 -5.6 Mahindra Badhat Yojana Growth ₹39.4956
↑ 0.08 ₹6,926 7.5 8.6 14.1 17.7 16 3.4 ICICI Prudential Multicap Fund Growth ₹875.85
↓ -2.88 ₹18,194 5.2 7.1 12.3 17.6 15.8 5.7 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 Aditya Birla Sun Life Equity Fund Growth ₹1,984.52
↓ -5.92 ₹26,727 7.1 4.6 13 16.4 12.8 11.2 JM Multicap Fund Growth ₹101.501
↓ -0.02 ₹5,178 7.5 5.7 6.9 15.5 16.6 -6.8 Baroda Pioneer Multi Cap Fund Growth ₹301.888
↓ -0.38 ₹3,339 4.7 4.8 8.7 15.5 14.4 -2.8 Edelweiss Multi Cap Fund Growth ₹39.753
↓ -0.07 ₹3,484 4.3 -0.3 6.9 15.1 13.1 5.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 11 Aug 26 Research Highlights & Commentary of 9 Funds showcased
Commentary Aditya Birla Sun Life Manufacturing Equity Fund Motilal Oswal Multicap 35 Fund Mahindra Badhat Yojana ICICI Prudential Multicap Fund BNP Paribas Multi Cap Fund Aditya Birla Sun Life Equity Fund JM Multicap Fund Baroda Pioneer Multi Cap Fund Edelweiss Multi Cap Fund Point 1 Bottom quartile AUM (₹1,229 Cr). Upper mid AUM (₹13,294 Cr). Upper mid AUM (₹6,926 Cr). Top quartile AUM (₹18,194 Cr). Bottom quartile AUM (₹588 Cr). Highest AUM (₹26,727 Cr). Lower mid AUM (₹5,178 Cr). Bottom quartile AUM (₹3,339 Cr). Lower mid AUM (₹3,484 Cr). Point 2 Established history (11+ yrs). Established history (12+ yrs). Established history (9+ yrs). Oldest track record among peers (31 yrs). Established history (20+ yrs). Established history (27+ yrs). Established history (17+ yrs). Established history (22+ yrs). Established history (11+ yrs). Point 3 Not Rated. Top rated. Not Rated. Rating: 3★ (lower mid). Rating: 4★ (top quartile). Rating: 4★ (upper mid). Rating: 4★ (upper mid). Rating: 3★ (lower mid). Not Rated. Point 4 Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: High. Point 5 5Y return: 15.58% (upper mid). 5Y return: 12.84% (bottom quartile). 5Y return: 16.05% (top quartile). 5Y return: 15.84% (upper mid). 5Y return: 13.57% (lower mid). 5Y return: 12.81% (bottom quartile). 5Y return: 16.59% (top quartile). 5Y return: 14.43% (lower mid). 5Y return: 13.10% (bottom quartile). Point 6 3Y return: 21.66% (top quartile). 3Y return: 20.05% (top quartile). 3Y return: 17.65% (upper mid). 3Y return: 17.60% (upper mid). 3Y return: 17.28% (lower mid). 3Y return: 16.36% (lower mid). 3Y return: 15.52% (bottom quartile). 3Y return: 15.46% (bottom quartile). 3Y return: 15.10% (bottom quartile). Point 7 1Y return: 28.90% (top quartile). 1Y return: 5.90% (bottom quartile). 1Y return: 14.09% (upper mid). 1Y return: 12.30% (lower mid). 1Y return: 19.34% (top quartile). 1Y return: 13.05% (upper mid). 1Y return: 6.92% (bottom quartile). 1Y return: 8.68% (lower mid). 1Y return: 6.87% (bottom quartile). Point 8 Alpha: 0.00 (bottom quartile). Alpha: -7.36 (bottom quartile). Alpha: 4.46 (upper mid). Alpha: 6.49 (top quartile). Alpha: 0.00 (bottom quartile). Alpha: 4.61 (top quartile). Alpha: 0.06 (lower mid). Alpha: 0.48 (upper mid). Alpha: 0.13 (lower mid). Point 9 Sharpe: 0.54 (top quartile). Sharpe: -0.74 (bottom quartile). Sharpe: 0.01 (upper mid). Sharpe: 0.09 (upper mid). Sharpe: 2.86 (top quartile). Sharpe: -0.05 (lower mid). Sharpe: -0.33 (bottom quartile). Sharpe: -0.21 (lower mid). Sharpe: -0.31 (bottom quartile). Point 10 Information ratio: 0.00 (bottom quartile). Information ratio: 0.53 (upper mid). Information ratio: 0.64 (top quartile). Information ratio: 0.61 (upper mid). Information ratio: 0.00 (bottom quartile). Information ratio: 1.19 (top quartile). Information ratio: 0.52 (lower mid). Information ratio: -0.01 (bottom quartile). Information ratio: 0.49 (lower mid). Aditya Birla Sun Life Manufacturing Equity Fund
Motilal Oswal Multicap 35 Fund
Mahindra Badhat Yojana
ICICI Prudential Multicap Fund
BNP Paribas Multi Cap Fund
Aditya Birla Sun Life Equity Fund
JM Multicap Fund
Baroda Pioneer Multi Cap Fund
Edelweiss Multi Cap Fund
*Above is list of top diversified/multicap mutual funds with AUM/Net Assets > 500 Crore, sorted on 3 Year CAGR Returns.
The primary investment objective of the Schemes is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in Manufacturing activity. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved. Research Highlights for Aditya Birla Sun Life Manufacturing Equity Fund Below is the key information for Aditya Birla Sun Life Manufacturing Equity Fund Returns up to 1 year are on (Erstwhile Motilal Oswal MOSt Focused Multicap 35 Fund) The investment objective of the Scheme is to achieve long term capital appreciation by primarily investing in a maximum of 35 equity & equity related instruments across sectors and market-capitalization levels.However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Research Highlights for Motilal Oswal Multicap 35 Fund Below is the key information for Motilal Oswal Multicap 35 Fund Returns up to 1 year are on The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. Research Highlights for Mahindra Badhat Yojana Below is the key information for Mahindra Badhat Yojana Returns up to 1 year are on To generate capital appreciation through investments in equity and equity related securities in core sectors and associated feeder industries. Research Highlights for ICICI Prudential Multicap Fund Below is the key information for ICICI Prudential Multicap Fund Returns up to 1 year are on (Erstwhile BNP Paribas Dividend Yield Fund) The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are
defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. Research Highlights for BNP Paribas Multi Cap Fund Below is the key information for BNP Paribas Multi Cap Fund Returns up to 1 year are on An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities. Research Highlights for Aditya Birla Sun Life Equity Fund Below is the key information for Aditya Birla Sun Life Equity Fund Returns up to 1 year are on (Erstwhile JM Multi Strategy Fund) The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies. Research Highlights for JM Multicap Fund Below is the key information for JM Multicap Fund Returns up to 1 year are on (Erstwhile Baroda Pioneer Growth Fund) To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments. Research Highlights for Baroda Pioneer Multi Cap Fund Below is the key information for Baroda Pioneer Multi Cap Fund Returns up to 1 year are on (Erstwhile Edelweiss Economic Resurgence Fund ) The investment objective of the Scheme is to generate long-term capital appreciation from a diversi?ed portfolio that predominantly invests in equity and equity-related securities of companies across various market capitalisation.
However, there can be no assurance that the investment objective of the Scheme will be realised. Research Highlights for Edelweiss Multi Cap Fund Below is the key information for Edelweiss Multi Cap Fund Returns up to 1 year are on 1. Aditya Birla Sun Life Manufacturing Equity Fund
Aditya Birla Sun Life Manufacturing Equity Fund
Growth Launch Date 31 Jan 15 NAV (11 Aug 26) ₹40.01 ↓ -0.14 (-0.35 %) Net Assets (Cr) ₹1,229 on 30 Jun 26 Category Equity - Multi Cap AMC Birla Sun Life Asset Management Co Ltd Rating Risk High Expense Ratio 2.26 Sharpe Ratio 0.54 Information Ratio 0 Alpha Ratio 0 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹9,679 31 Jul 23 ₹11,411 31 Jul 24 ₹16,928 31 Jul 25 ₹16,083 31 Jul 26 ₹19,582 Returns for Aditya Birla Sun Life Manufacturing Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 7% 3 Month 11.7% 6 Month 17.2% 1 Year 28.9% 3 Year 21.7% 5 Year 15.6% 10 Year 15 Year Since launch 12.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 3.5% 2023 25% 2022 32.5% 2021 -1.4% 2020 22.1% 2019 26.3% 2018 -4% 2017 -12.9% 2016 41.7% 2015 9.2% Fund Manager information for Aditya Birla Sun Life Manufacturing Equity Fund
Name Since Tenure Dhaval Joshi 13 May 26 0.22 Yr. Data below for Aditya Birla Sun Life Manufacturing Equity Fund as on 30 Jun 26
Equity Sector Allocation
Sector Value Industrials 28.7% Consumer Cyclical 26.73% Basic Materials 17.35% Health Care 10.64% Energy 5.07% Consumer Defensive 3.38% Technology 1.26% Utility 0.96% Asset Allocation
Asset Class Value Cash 5.91% Equity 94.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cummins India Ltd (Industrials)
Equity, Since 28 Feb 15 | 5004804% ₹48 Cr 85,582 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 19 | RELIANCE4% ₹47 Cr 366,616 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | M&M4% ₹44 Cr 144,570 Tata Steel Ltd (Basic Materials)
Equity, Since 30 Jun 16 | TATASTEEL3% ₹34 Cr 1,795,574 Sansera Engineering Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | SANSERA3% ₹32 Cr 100,000 Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO3% ₹31 Cr 326,000
↓ -274,000 AIA Engineering Ltd (Industrials)
Equity, Since 28 Feb 15 | AIAENG3% ₹31 Cr 60,870 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | 5004932% ₹30 Cr 139,474 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Sep 24 | MOTHERSON2% ₹29 Cr 1,926,526 Bharat Electronics Ltd (Industrials)
Equity, Since 28 Feb 15 | BEL2% ₹28 Cr 678,274 2. Motilal Oswal Multicap 35 Fund
Motilal Oswal Multicap 35 Fund
Growth Launch Date 28 Apr 14 NAV (11 Aug 26) ₹63.7741 ↑ 0.25 (0.40 %) Net Assets (Cr) ₹13,294 on 30 Jun 26 Category Equity - Multi Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio -0.75 Information Ratio 0.53 Alpha Ratio -7.36 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹9,336 31 Jul 23 ₹10,720 31 Jul 24 ₹16,877 31 Jul 25 ₹18,011 31 Jul 26 ₹17,952 Returns for Motilal Oswal Multicap 35 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 6.7% 3 Month 13% 6 Month 7.3% 1 Year 5.9% 3 Year 20% 5 Year 12.8% 10 Year 15 Year Since launch 16.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 -5.6% 2023 45.7% 2022 31% 2021 -3% 2020 15.3% 2019 10.3% 2018 7.9% 2017 -7.8% 2016 43.1% 2015 8.5% Fund Manager information for Motilal Oswal Multicap 35 Fund
Name Since Tenure Varun Sharma 21 Jan 26 0.53 Yr. Swapnil Mayekar 18 Nov 25 0.7 Yr. Ajay Khandelwal 1 Oct 24 1.83 Yr. Ankit Agarwal 21 Jan 26 0.53 Yr. Rakesh Shetty 22 Nov 22 3.69 Yr. Data below for Motilal Oswal Multicap 35 Fund as on 30 Jun 26
Equity Sector Allocation
Sector Value Industrials 28.39% Consumer Cyclical 22.36% Financial Services 21.79% Technology 18.16% Health Care 6.17% Basic Materials 1.39% Asset Allocation
Asset Class Value Cash 1.74% Equity 98.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Jan 25 | 5000937% ₹885 Cr 9,300,000 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | KALYANKJIL7% ₹881 Cr 22,782,390 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | ETERNAL5% ₹728 Cr 27,500,000 Coforge Ltd (Technology)
Equity, Since 31 May 23 | COFORGE5% ₹628 Cr 4,285,614
↓ -129,952 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Mar 26 | SHRIRAMFIN4% ₹587 Cr 5,630,608 Ather Energy Ltd (Consumer Cyclical)
Equity, Since 28 Feb 26 | ATHERENERG4% ₹571 Cr 5,002,599
↓ -200,000 Waaree Energies Ltd (Technology)
Equity, Since 28 Feb 26 | WAAREEENER4% ₹501 Cr 1,700,905 IndusInd Bank Ltd (Financial Services)
Equity, Since 28 Feb 26 | INDUSINDBK4% ₹477 Cr 5,165,661
↑ 134,988 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Apr 26 | MOTHERSON4% ₹467 Cr 31,527,172 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 28 Feb 26 | APOLLOHOSP3% ₹439 Cr 506,046 3. Mahindra Badhat Yojana
Mahindra Badhat Yojana
Growth Launch Date 11 May 17 NAV (11 Aug 26) ₹39.4956 ↑ 0.08 (0.20 %) Net Assets (Cr) ₹6,926 on 30 Jun 26 Category Equity - Multi Cap AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 1.83 Sharpe Ratio 0.01 Information Ratio 0.64 Alpha Ratio 4.46 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,430 31 Jul 23 ₹12,813 31 Jul 24 ₹18,914 31 Jul 25 ₹18,757 31 Jul 26 ₹20,398 Returns for Mahindra Badhat Yojana
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 3.3% 3 Month 7.5% 6 Month 8.6% 1 Year 14.1% 3 Year 17.7% 5 Year 16% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2024 3.4% 2023 23.4% 2022 34.2% 2021 1.6% 2020 50.8% 2019 16.6% 2018 13.8% 2017 -9.9% 2016 2015 Fund Manager information for Mahindra Badhat Yojana
Name Since Tenure Fatema Pacha 16 Oct 20 5.79 Yr. Vishal Jajoo 3 Nov 25 0.74 Yr. Data below for Mahindra Badhat Yojana as on 30 Jun 26
Equity Sector Allocation
Sector Value Financial Services 26.57% Industrials 16.67% Health Care 13.08% Basic Materials 12.65% Consumer Cyclical 9.4% Technology 5.42% Consumer Defensive 5.42% Energy 4.83% Communication Services 2.27% Utility 1.91% Asset Allocation
Asset Class Value Cash 1.78% Equity 98.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 24 | ICICIBANK4% ₹253 Cr 1,837,000
↑ 984,000 Neuland Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 25 | 5245583% ₹225 Cr 121,111
↑ 27,377 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 25 | LT3% ₹218 Cr 526,466 Adani Enterprises Ltd (Energy)
Equity, Since 30 Apr 26 | 5125993% ₹217 Cr 715,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 23 | DIVISLAB3% ₹188 Cr 285,000 Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 26 | NAM-INDIA3% ₹183 Cr 1,573,861
↑ 279,000 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 31 Mar 26 | APLAPOLLO2% ₹165 Cr 920,138
↑ 270,000 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Mar 26 | INDIGO2% ₹162 Cr 302,500 BSE Ltd (Financial Services)
Equity, Since 31 Mar 26 | BSE2% ₹155 Cr 400,000 Aditya Birla Capital Ltd (Financial Services)
Equity, Since 30 Apr 26 | ABCAPITAL2% ₹153 Cr 3,914,874 4. ICICI Prudential Multicap Fund
ICICI Prudential Multicap Fund
Growth Launch Date 1 Oct 94 NAV (11 Aug 26) ₹875.85 ↓ -2.88 (-0.33 %) Net Assets (Cr) ₹18,194 on 30 Jun 26 Category Equity - Multi Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 0.09 Information Ratio 0.61 Alpha Ratio 6.49 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-18 Months (1%),18 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,480 31 Jul 23 ₹12,886 31 Jul 24 ₹18,928 31 Jul 25 ₹18,838 31 Jul 26 ₹20,365 Returns for ICICI Prudential Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 2.8% 3 Month 5.2% 6 Month 7.1% 1 Year 12.3% 3 Year 17.6% 5 Year 15.8% 10 Year 15 Year Since launch 15.1% Historical performance (Yearly) on absolute basis
Year Returns 2024 5.7% 2023 20.7% 2022 35.4% 2021 4.7% 2020 36.4% 2019 9.2% 2018 6% 2017 0.2% 2016 28% 2015 10.1% Fund Manager information for ICICI Prudential Multicap Fund
Name Since Tenure Lalit Kumar 29 Sep 25 0.84 Yr. Sharmila D’mello 31 Jul 22 4.01 Yr. Data below for ICICI Prudential Multicap Fund as on 30 Jun 26
Equity Sector Allocation
Sector Value Basic Materials 27.41% Industrials 23.4% Financial Services 17.62% Consumer Cyclical 16.33% Real Estate 3.84% Health Care 3.52% Energy 2.31% Technology 1.88% Communication Services 0.64% Utility 0.49% Asset Allocation
Asset Class Value Cash 2.56% Equity 97.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity BSE Ltd (Financial Services)
Equity, Since 31 Aug 25 | BSE3% ₹597 Cr 1,543,998 Vedanta Aluminium Metal Ltd (Basic Materials)
Equity, Since 30 Apr 26 | 5447803% ₹576 Cr 12,852,245
↑ 12,852,245 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Aug 25 | 5325383% ₹470 Cr 418,008 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Aug 25 | INDIGO2% ₹437 Cr 813,428 Jindal Steel Ltd (Basic Materials)
Equity, Since 31 Aug 25 | 5322862% ₹403 Cr 3,800,436 Apar Industries Ltd (Industrials)
Equity, Since 31 Aug 25 | APARINDS2% ₹393 Cr 250,451 ABB India Ltd (Industrials)
Equity, Since 31 Aug 25 | ABB2% ₹376 Cr 534,711 PB Fintech Ltd (Financial Services)
Equity, Since 31 Aug 25 | POLICYBZR2% ₹373 Cr 2,293,271
↑ 500,000 K.P.R. Mill Ltd (Consumer Cyclical)
Equity, Since 31 Aug 25 | KPRMILL2% ₹370 Cr 3,139,184 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Aug 25 | MOTHERSON2% ₹369 Cr 24,891,842 5. BNP Paribas Multi Cap Fund
BNP Paribas Multi Cap Fund
Growth Launch Date 15 Sep 05 NAV (13 Mar 22) ₹73.5154 ↓ -0.01 (-0.01 %) Net Assets (Cr) ₹588 on 31 Jan 22 Category Equity - Multi Cap AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 2.86 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month -4.4% 3 Month -4.6% 6 Month -2.6% 1 Year 19.3% 3 Year 17.3% 5 Year 13.6% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for BNP Paribas Multi Cap Fund
Name Since Tenure Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. Aditya Birla Sun Life Equity Fund
Aditya Birla Sun Life Equity Fund
Growth Launch Date 27 Aug 98 NAV (11 Aug 26) ₹1,984.52 ↓ -5.92 (-0.30 %) Net Assets (Cr) ₹26,727 on 30 Jun 26 Category Equity - Multi Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.68 Sharpe Ratio -0.05 Information Ratio 1.19 Alpha Ratio 4.61 Min Investment 1,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,055 31 Jul 23 ₹11,807 31 Jul 24 ₹16,146 31 Jul 25 ₹16,423 31 Jul 26 ₹18,094 Returns for Aditya Birla Sun Life Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 3.4% 3 Month 7.1% 6 Month 4.6% 1 Year 13% 3 Year 16.4% 5 Year 12.8% 10 Year 15 Year Since launch 20.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.2% 2023 18.5% 2022 26% 2021 -1.1% 2020 30.3% 2019 16.1% 2018 8.5% 2017 -4.1% 2016 33.5% 2015 15.2% Fund Manager information for Aditya Birla Sun Life Equity Fund
Name Since Tenure Harish Krishnan 3 Nov 23 2.74 Yr. Dhaval Joshi 21 Nov 22 3.69 Yr. Data below for Aditya Birla Sun Life Equity Fund as on 30 Jun 26
Equity Sector Allocation
Sector Value Financial Services 30.64% Consumer Cyclical 13.94% Industrials 12.37% Basic Materials 10.81% Health Care 9.34% Technology 7.5% Consumer Defensive 7.22% Energy 4.02% Communication Services 2.15% Real Estate 0.5% Asset Allocation
Asset Class Value Cash 1.43% Equity 98.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹1,629 Cr 11,849,171 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK4% ₹958 Cr 12,000,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | KOTAKBANK3% ₹906 Cr 23,096,430 Reliance Industries Ltd (Energy)
Equity, Since 31 May 19 | RELIANCE3% ₹738 Cr 5,706,067 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN2% ₹627 Cr 6,105,500 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Jun 17 | 5004932% ₹618 Cr 2,883,624 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY2% ₹616 Cr 6,161,817 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL2% ₹574 Cr 3,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | 5322152% ₹471 Cr 3,500,000 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Aug 25 | FEDERALBNK2% ₹462 Cr 14,000,000 7. JM Multicap Fund
JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (11 Aug 26) ₹101.501 ↓ -0.02 (-0.02 %) Net Assets (Cr) ₹5,178 on 30 Jun 26 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio -0.33 Information Ratio 0.52 Alpha Ratio 0.06 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-60 Days (1%),60 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹11,133 31 Jul 23 ₹14,134 31 Jul 24 ₹23,147 31 Jul 25 ₹20,621 31 Jul 26 ₹21,170 Returns for JM Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 3.7% 3 Month 7.5% 6 Month 5.7% 1 Year 6.9% 3 Year 15.5% 5 Year 16.6% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 -6.8% 2023 33.3% 2022 40% 2021 7.8% 2020 32.9% 2019 11.4% 2018 16.6% 2017 -5.4% 2016 39.5% 2015 10.5% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 4.95 Yr. Asit Bhandarkar 1 Oct 24 1.83 Yr. Ruchi Fozdar 4 Oct 24 1.82 Yr. Deepak Gupta 11 Apr 25 1.31 Yr. Data below for JM Multicap Fund as on 30 Jun 26
Equity Sector Allocation
Sector Value Financial Services 31.85% Consumer Cyclical 21.97% Technology 10.73% Industrials 10.46% Health Care 6.61% Basic Materials 5.74% Energy 4.5% Consumer Defensive 3.3% Communication Services 2.07% Utility 1.37% Asset Allocation
Asset Class Value Cash 1.4% Equity 98.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK5% ₹275 Cr 3,450,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK5% ₹268 Cr 1,950,062
↑ 180,000 Arvind Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | 5001013% ₹146 Cr 2,481,193
↓ -300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT3% ₹144 Cr 347,357 Godfrey Phillips India Ltd (Consumer Defensive)
Equity, Since 28 Feb 25 | GODFRYPHLP3% ₹143 Cr 660,000
↓ -20,000 One97 Communications Ltd (Technology)
Equity, Since 31 May 25 | PAYTM2% ₹113 Cr 989,776 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | MARUTI2% ₹113 Cr 80,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹112 Cr 1,090,196 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL2% ₹107 Cr 578,700 Garware Hi-Tech Films Ltd (Basic Materials)
Equity, Since 28 Feb 25 | 5006552% ₹106 Cr 158,425
↓ -17,500 8. Baroda Pioneer Multi Cap Fund
Baroda Pioneer Multi Cap Fund
Growth Launch Date 12 Sep 03 NAV (11 Aug 26) ₹301.888 ↓ -0.38 (-0.12 %) Net Assets (Cr) ₹3,339 on 30 Jun 26 Category Equity - Multi Cap AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 2 Sharpe Ratio -0.21 Information Ratio -0.01 Alpha Ratio 0.48 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,590 31 Jul 23 ₹12,741 31 Jul 24 ₹18,558 31 Jul 25 ₹18,318 31 Jul 26 ₹19,254 Returns for Baroda Pioneer Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 2% 3 Month 4.7% 6 Month 4.8% 1 Year 8.7% 3 Year 15.5% 5 Year 14.4% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2024 -2.8% 2023 31.7% 2022 30.8% 2021 -3% 2020 47.9% 2019 19.5% 2018 8.9% 2017 -11.9% 2016 36.8% 2015 2.3% Fund Manager information for Baroda Pioneer Multi Cap Fund
Name Since Tenure Paresh Jain 1 Jul 26 0.08 Yr. Himanshu Singh 1 Jul 26 0.08 Yr. Data below for Baroda Pioneer Multi Cap Fund as on 30 Jun 26
Equity Sector Allocation
Sector Value Financial Services 33.44% Industrials 15.09% Basic Materials 11.84% Consumer Cyclical 11.38% Health Care 7.34% Technology 7.08% Consumer Defensive 3.92% Energy 3.89% Communication Services 1.94% Utility 1.39% Real Estate 0.59% Asset Allocation
Asset Class Value Cash 2.08% Equity 97.89% Top Securities Holdings / Portfolio
Name Holding Value Quantity IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Nov 25 | INDUSINDBK3% ₹95 Cr 1,025,000 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 24 | NAVINFLUOR3% ₹93 Cr 121,277
↓ -1,223 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Nov 25 | 5001033% ₹84 Cr 2,030,944
↓ -193,310 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 30 Sep 20 | RADICO2% ₹79 Cr 201,043
↓ -3,957 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 21 | LT2% ₹79 Cr 190,000
↑ 20,000 State Bank of India (Financial Services)
Equity, Since 31 May 26 | SBIN2% ₹77 Cr 750,000
↑ 250,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | M&M2% ₹77 Cr 250,000
↑ 65,000 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Mar 26 | SHRIRAMFIN2% ₹76 Cr 725,000
↑ 25,000 Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | TITAN2% ₹75 Cr 170,000 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Jan 26 | JBCHEPHARM2% ₹75 Cr 325,000 9. Edelweiss Multi Cap Fund
Edelweiss Multi Cap Fund
Growth Launch Date 3 Feb 15 NAV (11 Aug 26) ₹39.753 ↓ -0.07 (-0.18 %) Net Assets (Cr) ₹3,484 on 30 Jun 26 Category Equity - Multi Cap AMC Edelweiss Asset Management Limited Rating Risk High Expense Ratio 1.98 Sharpe Ratio -0.31 Information Ratio 0.49 Alpha Ratio 0.13 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 21 ₹10,000 31 Jul 22 ₹10,439 31 Jul 23 ₹12,343 31 Jul 24 ₹17,906 31 Jul 25 ₹17,461 31 Jul 26 ₹18,265 Returns for Edelweiss Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 11 Aug 26 Duration Returns 1 Month 2.4% 3 Month 4.3% 6 Month -0.3% 1 Year 6.9% 3 Year 15.1% 5 Year 13.1% 10 Year 15 Year Since launch 12.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 5.4% 2023 25.4% 2022 29.3% 2021 0.7% 2020 34.7% 2019 14.4% 2018 8.4% 2017 -4.9% 2016 47.4% 2015 0.4% Fund Manager information for Edelweiss Multi Cap Fund
Name Since Tenure Ashwani Agarwalla 15 Jun 22 4.13 Yr. Trideep Bhattacharya 1 Oct 21 4.83 Yr. Raj Koradia 1 Aug 24 2 Yr. Data below for Edelweiss Multi Cap Fund as on 30 Jun 26
Equity Sector Allocation
Sector Value Financial Services 35.01% Industrials 13.27% Consumer Cyclical 12.84% Health Care 7.7% Basic Materials 7.52% Consumer Defensive 5.8% Technology 4.76% Energy 4.28% Utility 3.5% Communication Services 1.84% Real Estate 1.36% Asset Allocation
Asset Class Value Cash 1.07% Equity 98.93% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK6% ₹208 Cr 1,516,075
↑ 48,350 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK6% ₹197 Cr 2,468,392 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 15 | LT4% ₹143 Cr 344,864
↑ 10,998 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 17 | RELIANCE4% ₹123 Cr 952,404
↑ 157,549 NTPC Ltd (Utilities)
Equity, Since 31 Oct 22 | 5325553% ₹105 Cr 2,938,389
↑ 8,723 State Bank of India (Financial Services)
Equity, Since 31 Aug 18 | SBIN3% ₹90 Cr 881,230
↑ 28,103 Tata Steel Ltd (Basic Materials)
Equity, Since 31 May 25 | TATASTEEL2% ₹79 Cr 4,195,668
↑ 133,806 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 25 | 5322152% ₹67 Cr 500,739
↑ 238,224 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL2% ₹64 Cr 345,860
↑ 11,030 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | M&M2% ₹64 Cr 208,706
↑ 59,380
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An ideal diversified fund should pass through the below mentioned parameters:
One of the most basic forms of benchmarking involves comparing a fund within the similar category. When evaluating a Large cap fund, you should compare its returns with other matching large cap diversified equity funds. Comparing it with mid-cap diversified equity funds will not give an accurate result as the risk and reward relation between both large cap & mid cap funds are not comparable. Diversified funds, as the same goes invest across market caps and hence one should compare them with funds with a similar mandate.
An additional factor in evaluating a diversified fund is the timeframe. As equities are equipped to deliver returns over longer time frames (above 5 years), investments in diversified funds should be made for a long-term period. Evaluating a diversified fund over a longer time frame will help you to gauge its performance during a boom-and-bust cycle. Investors can analyze the consistency of the returns of a diversified fund by reviewing its performances during different market phases along with the category average. Having said this, establishing the correct peer group is important, this forms the basis for comparison for returns, volatility and thus helps in final funds selection.
It is compulsory for every diversified fund to mention a benchmark index in its offer document. This benchmark index is an indicator to judge if the diversified fund has performed well. While evaluating the performance of a diversified fund, investors should take into account longer time cycles of 3 years, 5 years or even 10 years. Those funds that outperform their benchmark indices constantly, should be considered for investment.
Apart from the benchmark index evaluation, investors should also evaluate the historical performance of a fund. In the long term, many diversified funds tend to plunge during the market downturn and even below their benchmark indices and category average. Only a few tend to sustain their performances in all market conditions. Picking a fund that performs well in upturns and downturns well is important, else you will end up with a fund that may do well, but only to see later that all returns get wiped out in a downturn.Thus, an investor should make sure that they include the most consistent performers in their Portfolio.
Before investing, one must do a risk-return analysis of a diversified fund. To do so, one must look at some of the important ratios, such as:
Alpha is a measure of diversified fund’s performance on a risk-adjusted basis. It measures on how much the fund or stock has performed in the general market on a risk adjusted basis. A positive alpha of 1 means that the fund has outperformed its benchmark index by 1%, while a negative alpha of -1 would indicate that the fund has produced 1% lower returns than its market benchmark. So, basically, an investor’s strategy should be to buy securities or mutual funds with positive alpha.
Beta measures volatility of a diversified fund compared to its benchmark index. Beta is denoted in positive or negative figures. A beta of 1 signifies that the stock’s price or mutual fund NAV moves in line with the market. A beta of a greater than 1 designates that the stock is riskier than the market, and a beta of less than 1 means that the stock is less risky than the market. So, lower beta is better in a falling market. In a rising market, high-beta is better.
SD is a statistical measure representing the volatility or risk in a fund. The higher the SD, higher will be the fluctuations in the returns. Ideally, investors look for funds with a lower standard deviation.
Sharpe Ratio measures returns (both negative & positive) with respect to the risk taken. Here the risk is defined by the Standard Deviation. A higher Sharpe ratio means, a higher return without too much risk. Thus, while investing, investors should choose a diversified fund that shows a higher Sharpe Ratio. Again, it is advisable for an investor to evaluate the SD and SR of a diversified fund on a historical basis so as to pick the most consistent performers.
Relevant and useful .