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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 NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Nippon India Multi Cap Fund Growth ₹250.666
↑ 0.79 ₹26,809 6.6 18.6 50.5 31.2 20.2 38.1 JM Multicap Fund Growth ₹87.0304
↑ 0.10 ₹1,657 9.1 25.2 57.9 27.7 22.7 40 HDFC Equity Fund Growth ₹1,611.23
↓ -3.15 ₹49,657 4.9 20.4 41 26.9 18.8 30.6 Mahindra Badhat Yojana Growth ₹30.4111
↓ -0.03 ₹3,037 3.6 19.7 49.1 25.2 22.8 34.2 ICICI Prudential Multicap Fund Growth ₹683.86
↓ -1.44 ₹11,180 6 21.1 48.3 24.6 18 35.4 Baroda Pioneer Multi Cap Fund Growth ₹246.125
↓ -0.65 ₹2,247 6.8 22.3 44.4 23.7 20 30.8 Franklin India Equity Fund Growth ₹1,404.46
↓ -6.46 ₹14,471 3.8 18.1 42.4 22.8 18.2 30.8 Principal Multi Cap Growth Fund Growth ₹322.751
↓ -0.66 ₹2,391 1.9 15.7 38.2 22 17.3 31.1 Invesco India Multicap Fund Growth ₹110.39
↓ -0.31 ₹3,145 3.9 17.4 42.3 21.6 18.3 31.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Apr 24 multicap
mutual funds with AUM/Net Assets > 500 Crore
, sorted on 3 Year CAGR Returns
.
(Erstwhile Reliance Equity Opportunities Fund) The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. Nippon India Multi Cap Fund is a Equity - Multi Cap fund was launched on 28 Mar 05. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Multi Cap 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. JM Multicap Fund is a Equity - Multi Cap fund was launched on 23 Sep 08. It is a fund with Moderately High risk and has given a Below is the key information for JM Multicap Fund Returns up to 1 year are on Aims at providing capital appreciation through investments predominantly in equity oriented securities HDFC Equity Fund is a Equity - Multi Cap fund was launched on 1 Jan 95. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Equity 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. Mahindra Badhat Yojana is a Equity - Multi Cap fund was launched on 11 May 17. It is a fund with Moderately High risk and has given a 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. ICICI Prudential Multicap Fund is a Equity - Multi Cap fund was launched on 1 Oct 94. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential 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. Baroda Pioneer Multi Cap Fund is a Equity - Multi Cap fund was launched on 12 Sep 03. It is a fund with Moderately High risk and has given a Below is the key information for Baroda Pioneer Multi Cap Fund Returns up to 1 year are on (Erstwhile Franklin India Prima Plus) The investment objective of Prima Plus is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments. Franklin India Equity Fund is a Equity - Multi Cap fund was launched on 29 Sep 94. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Equity Fund Returns up to 1 year are on (Erstwhile Principal Growth Fund) The primary investment objective of the scheme is to achieve long-term capital appreciation. Principal Multi Cap Growth Fund is a Equity - Multi Cap fund was launched on 25 Oct 00. It is a fund with Moderately High risk and has given a Below is the key information for Principal Multi Cap Growth Fund Returns up to 1 year are on (Erstwhile Invesco India Mid N Small Cap Fund) The investment objective of the Scheme is to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid and small cap companies. Invesco India Multicap Fund is a Equity - Multi Cap fund was launched on 17 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Invesco India Multicap Fund Returns up to 1 year are on 1. Nippon India Multi Cap Fund
CAGR/Annualized
return of 18.4% since its launch. Ranked 63 in Multi Cap
category. Return for 2023 was 38.1% , 2022 was 14.1% and 2021 was 48.9% . Nippon India Multi Cap Fund
Growth Launch Date 28 Mar 05 NAV (16 Apr 24) ₹250.666 ↑ 0.79 (0.32 %) Net Assets (Cr) ₹26,809 on 29 Feb 24 Category Equity - Multi Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 3.39 Information Ratio 1.1 Alpha Ratio 6.63 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,493 31 Mar 21 ₹11,302 31 Mar 22 ₹15,186 31 Mar 23 ₹16,346 31 Mar 24 ₹24,545 Returns for Nippon India Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 5.4% 3 Month 6.6% 6 Month 18.6% 1 Year 50.5% 3 Year 31.2% 5 Year 20.2% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 38.1% 2022 14.1% 2021 48.9% 2020 0% 2019 2.2% 2018 -2.2% 2017 40.9% 2016 -6.7% 2015 0.5% 2014 59.7% Fund Manager information for Nippon India Multi Cap Fund
Name Since Tenure Sailesh Raj Bhan 31 Mar 05 19.02 Yr. Ashutosh Bhargava 1 Sep 21 2.58 Yr. Kinjal Desai 25 May 18 5.86 Yr. Data below for Nippon India Multi Cap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 28.54% Consumer Cyclical 20.79% Industrials 18.52% Health Care 7.88% Utility 4.81% Basic Materials 4.18% Technology 4.05% Communication Services 3.79% Consumer Defensive 3.72% Energy 2.94% Asset Allocation
Asset Class Value Cash 0.77% Equity 99.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK5% ₹1,474 Cr 10,500,448
↑ 1,000,000 EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | 5008404% ₹1,077 Cr 26,658,371
↓ -1,268,613 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹1,021 Cr 9,699,315 Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 5234573% ₹882 Cr 1,638,368 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 5322153% ₹860 Cr 8,000,121 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE3% ₹789 Cr 2,700,000
↑ 700,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN3% ₹748 Cr 10,000,000
↑ 1,200,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | 5008503% ₹704 Cr 12,000,000 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Mar 12 | 5002713% ₹679 Cr 7,000,000
↑ 1,400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT2% ₹661 Cr 1,900,292 2. JM Multicap Fund
CAGR/Annualized
return of 14.9% since its launch. Ranked 16 in Multi Cap
category. Return for 2023 was 40% , 2022 was 7.8% and 2021 was 32.9% . JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (16 Apr 24) ₹87.0304 ↑ 0.10 (0.12 %) Net Assets (Cr) ₹1,657 on 29 Feb 24 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio 4.01 Information Ratio 1.62 Alpha Ratio 17.18 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 Mar 19 ₹10,000 31 Mar 20 ₹8,348 31 Mar 21 ₹13,660 31 Mar 22 ₹16,531 31 Mar 23 ₹17,361 31 Mar 24 ₹27,263 Returns for JM Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 5.2% 3 Month 9.1% 6 Month 25.2% 1 Year 57.9% 3 Year 27.7% 5 Year 22.7% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 40% 2022 7.8% 2021 32.9% 2020 11.4% 2019 16.6% 2018 -5.4% 2017 39.5% 2016 10.5% 2015 -2.8% 2014 56% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 2.61 Yr. Gurvinder Wasan 1 Dec 22 1.33 Yr. Chaitanya Choksi 31 Dec 21 2.25 Yr. Data below for JM Multicap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 21.45% Consumer Cyclical 17.36% Industrials 16.76% Technology 11.93% Utility 7.29% Health Care 6.5% Basic Materials 5.84% Real Estate 3.59% Energy 2.65% Consumer Defensive 2.33% Communication Services 1.13% Asset Allocation
Asset Class Value Cash 3.17% Equity 96.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK6% ₹96 Cr 680,500
↑ 375,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT4% ₹73 Cr 210,731
↑ 48,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 20 | INFY4% ₹71 Cr 425,250
↑ 123,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹63 Cr 848,700
↓ -47,000 Bank of Baroda (Financial Services)
Equity, Since 31 Aug 22 | 5321344% ₹62 Cr 2,343,947
↓ -600,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK3% ₹58 Cr 550,800
↑ 77,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | M&M3% ₹53 Cr 275,000
↑ 275,000 NTPC Ltd (Utilities)
Equity, Since 30 Nov 23 | 5325553% ₹53 Cr 1,570,000
↑ 125,000 Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | 5405303% ₹45 Cr 2,373,484
↑ 2,373,484 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 24 | 5003123% ₹44 Cr 1,660,658
↑ 575,000 3. HDFC Equity Fund
CAGR/Annualized
return of 18.9% since its launch. Ranked 34 in Multi Cap
category. Return for 2023 was 30.6% , 2022 was 18.3% and 2021 was 36.2% . HDFC Equity Fund
Growth Launch Date 1 Jan 95 NAV (16 Apr 24) ₹1,611.23 ↓ -3.15 (-0.20 %) Net Assets (Cr) ₹49,657 on 29 Feb 24 Category Equity - Multi Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.7 Sharpe Ratio 2.95 Information Ratio 1.05 Alpha Ratio 4.45 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,719 31 Mar 21 ₹11,706 31 Mar 22 ₹14,846 31 Mar 23 ₹16,463 31 Mar 24 ₹23,571 Returns for HDFC Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 1.9% 3 Month 4.9% 6 Month 20.4% 1 Year 41% 3 Year 26.9% 5 Year 18.8% 10 Year 15 Year Since launch 18.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.6% 2022 18.3% 2021 36.2% 2020 6.4% 2019 6.8% 2018 -3.5% 2017 36.9% 2016 7.3% 2015 -5.1% 2014 53.8% Fund Manager information for HDFC Equity Fund
Name Since Tenure Roshi Jain 29 Jul 22 1.68 Yr. Dhruv Muchhal 22 Jun 23 0.78 Yr. Data below for HDFC Equity Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 37.43% Health Care 12.49% Technology 9.02% Industrials 8.86% Consumer Cyclical 6.92% Communication Services 4.6% Utility 4.09% Real Estate 3.41% Energy 1.57% Consumer Defensive 0.68% Basic Materials 0.18% Asset Allocation
Asset Class Value Cash 8.29% Equity 89.26% Debt 2.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹4,630 Cr 44,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK9% ₹4,589 Cr 32,700,000
↑ 2,500,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | 5322156% ₹3,010 Cr 28,000,000
↑ 8,000,000 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 12 | 5000876% ₹2,813 Cr 19,000,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 20 | HAL5% ₹2,529 Cr 8,200,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN5% ₹2,469 Cr 33,000,000
↓ -3,000,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH5% ₹2,462 Cr 14,800,000
↓ -400,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE4% ₹2,174 Cr 14,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL4% ₹2,022 Cr 18,000,000 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 22 | APOLLOHOSP4% ₹1,965 Cr 3,220,373
↑ 13,207 4. Mahindra Badhat Yojana
CAGR/Annualized
return of 17.4% since its launch. Return for 2023 was 34.2% , 2022 was 1.6% and 2021 was 50.8% . Mahindra Badhat Yojana
Growth Launch Date 11 May 17 NAV (16 Apr 24) ₹30.4111 ↓ -0.03 (-0.09 %) Net Assets (Cr) ₹3,037 on 29 Feb 24 Category Equity - Multi Cap AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.29 Sharpe Ratio 3.17 Information Ratio 0.57 Alpha Ratio 6.47 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 Mar 19 ₹10,000 31 Mar 20 ₹8,100 31 Mar 21 ₹14,250 31 Mar 22 ₹19,044 31 Mar 23 ₹18,577 31 Mar 24 ₹27,647 Returns for Mahindra Badhat Yojana
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 3.8% 3 Month 3.6% 6 Month 19.7% 1 Year 49.1% 3 Year 25.2% 5 Year 22.8% 10 Year 15 Year Since launch 17.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.2% 2022 1.6% 2021 50.8% 2020 16.6% 2019 13.8% 2018 -9.9% 2017 2016 2015 2014 Fund Manager information for Mahindra Badhat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 3.28 Yr. Fatema Pacha 16 Oct 20 3.46 Yr. Data below for Mahindra Badhat Yojana as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 17.45% Industrials 17.13% Technology 14.9% Basic Materials 11.74% Consumer Cyclical 11.46% Energy 9.77% Health Care 5.99% Utility 5.66% Consumer Defensive 2.48% Communication Services 0.02% Asset Allocation
Asset Class Value Cash 3.33% Equity 96.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity Canara Bank (Financial Services)
Equity, Since 30 Sep 23 | 5324835% ₹137 Cr 2,425,000
↑ 300,000 Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | COALINDIA4% ₹135 Cr 3,080,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 23 | TCS4% ₹121 Cr 295,643
↑ 107,500 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Dec 23 | HINDPETRO4% ₹116 Cr 2,270,000
↑ 380,000 NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | 5325553% ₹86 Cr 2,570,000 Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 23 | 5004003% ₹86 Cr 2,300,000
↑ 300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 23 | LT3% ₹80 Cr 229,988 Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Dec 23 | TATAMTRDVR3% ₹76 Cr 1,202,947
↑ 240,000 Wipro Ltd (Technology)
Equity, Since 31 Dec 23 | 5076852% ₹64 Cr 1,230,000
↑ 330,000 IRCON International Ltd (Industrials)
Equity, Since 31 Jan 24 | IRCON2% ₹62 Cr 2,700,000 5. ICICI Prudential Multicap Fund
CAGR/Annualized
return of 15.4% since its launch. Ranked 49 in Multi Cap
category. Return for 2023 was 35.4% , 2022 was 4.7% and 2021 was 36.4% . ICICI Prudential Multicap Fund
Growth Launch Date 1 Oct 94 NAV (16 Apr 24) ₹683.86 ↓ -1.44 (-0.21 %) Net Assets (Cr) ₹11,180 on 29 Feb 24 Category Equity - Multi Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 3.14 Information Ratio -0.05 Alpha Ratio 2.27 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 Mar 19 ₹10,000 31 Mar 20 ₹6,969 31 Mar 21 ₹12,095 31 Mar 22 ₹14,896 31 Mar 23 ₹15,368 31 Mar 24 ₹22,775 Returns for ICICI Prudential Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 3.8% 3 Month 6% 6 Month 21.1% 1 Year 48.3% 3 Year 24.6% 5 Year 18% 10 Year 15 Year Since launch 15.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 35.4% 2022 4.7% 2021 36.4% 2020 9.2% 2019 6% 2018 0.2% 2017 28% 2016 10.1% 2015 3.1% 2014 49.8% Fund Manager information for ICICI Prudential Multicap Fund
Name Since Tenure Sankaran Naren 1 Jul 22 1.75 Yr. Anand Sharma 1 Jul 22 1.75 Yr. Sharmila D’mello 31 Jul 22 1.67 Yr. Data below for ICICI Prudential Multicap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 20.45% Industrials 14.39% Consumer Cyclical 12.91% Communication Services 8.35% Health Care 7.66% Energy 7.3% Basic Materials 6.55% Consumer Defensive 5.9% Technology 4.95% Utility 2.98% Real Estate 1.31% Asset Allocation
Asset Class Value Cash 6.89% Equity 93.11% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK6% ₹678 Cr 6,444,150
↓ -717,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL4% ₹432 Cr 3,841,649
↑ 1,968,532 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE3% ₹377 Cr 1,291,764
↓ -135,250 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 17 | SUNPHARMA3% ₹329 Cr 2,083,182
↓ -350,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 19 | LT3% ₹289 Cr 829,693
↑ 192,305 Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY3% ₹282 Cr 1,682,527 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | MARUTI2% ₹272 Cr 240,929
↓ -45,000 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jul 20 | 5403762% ₹232 Cr 590,785
↑ 171,257 Cummins India Ltd (Industrials)
Equity, Since 31 Jan 22 | 5004802% ₹227 Cr 827,830
↓ -330,803 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK2% ₹225 Cr 1,605,200 6. Baroda Pioneer Multi Cap Fund
CAGR/Annualized
return of 16.8% since its launch. Ranked 37 in Multi Cap
category. Return for 2023 was 30.8% , 2022 was -3% and 2021 was 47.9% . Baroda Pioneer Multi Cap Fund
Growth Launch Date 12 Sep 03 NAV (16 Apr 24) ₹246.125 ↓ -0.65 (-0.26 %) Net Assets (Cr) ₹2,247 on 29 Feb 24 Category Equity - Multi Cap AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 2.57 Information Ratio -0.07 Alpha Ratio -3.36 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 Mar 19 ₹10,000 31 Mar 20 ₹7,841 31 Mar 21 ₹13,241 31 Mar 22 ₹17,747 31 Mar 23 ₹16,897 31 Mar 24 ₹24,654 Returns for Baroda Pioneer Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 5.8% 3 Month 6.8% 6 Month 22.3% 1 Year 44.4% 3 Year 23.7% 5 Year 20% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.8% 2022 -3% 2021 47.9% 2020 19.5% 2019 8.9% 2018 -11.9% 2017 36.8% 2016 2.3% 2015 -1.6% 2014 46.5% Fund Manager information for Baroda Pioneer Multi Cap Fund
Name Since Tenure Sanjay Chawla 1 Nov 15 8.42 Yr. Sandeep Jain 14 Mar 22 2.05 Yr. Data below for Baroda Pioneer Multi Cap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 25.14% Consumer Cyclical 15.96% Technology 13.11% Industrials 9.79% Health Care 8.73% Basic Materials 7.37% Energy 5.97% Consumer Defensive 4.36% Real Estate 3.71% Utility 2.35% Communication Services 1.22% Asset Allocation
Asset Class Value Cash 1.16% Equity 98.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹84 Cr 799,815 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE3% ₹74 Cr 252,500
↓ -22,500 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 5433203% ₹69 Cr 4,173,000
↓ -827,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK3% ₹63 Cr 449,736
↓ -50,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 21 | LT2% ₹55 Cr 158,897 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA2% ₹54 Cr 340,000 NHPC Ltd (Utilities)
Equity, Since 31 May 22 | NHPC2% ₹53 Cr 6,000,000
↓ -100,000 Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 5328142% ₹51 Cr 968,910 Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Aug 22 | POWERINDIA2% ₹50 Cr 83,988 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | TATAMOTORS2% ₹49 Cr 515,000
↓ -65,000 7. Franklin India Equity Fund
CAGR/Annualized
return of 18.2% since its launch. Ranked 50 in Multi Cap
category. Return for 2023 was 30.8% , 2022 was 5.3% and 2021 was 40.3% . Franklin India Equity Fund
Growth Launch Date 29 Sep 94 NAV (16 Apr 24) ₹1,404.46 ↓ -6.46 (-0.46 %) Net Assets (Cr) ₹14,471 on 29 Feb 24 Category Equity - Multi Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 3.25 Information Ratio 0.6 Alpha Ratio 6.98 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 Mar 19 ₹10,000 31 Mar 20 ₹6,897 31 Mar 21 ₹12,753 31 Mar 22 ₹15,759 31 Mar 23 ₹16,033 31 Mar 24 ₹23,134 Returns for Franklin India Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 2.6% 3 Month 3.8% 6 Month 18.1% 1 Year 42.4% 3 Year 22.8% 5 Year 18.2% 10 Year 15 Year Since launch 18.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.8% 2022 5.3% 2021 40.3% 2020 16% 2019 3.3% 2018 -4.4% 2017 30.6% 2016 5% 2015 4.4% 2014 56.8% Fund Manager information for Franklin India Equity Fund
Name Since Tenure R. Janakiraman 1 Feb 11 13.17 Yr. Sandeep Manam 18 Oct 21 2.45 Yr. Rajasa Kakulavarapu 1 Dec 23 0.33 Yr. Data below for Franklin India Equity Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 26.4% Industrials 14.14% Consumer Cyclical 11.91% Technology 10.51% Consumer Defensive 7.26% Basic Materials 5.93% Utility 5.67% Communication Services 4.66% Energy 4.63% Health Care 2.75% Asset Allocation
Asset Class Value Cash 6.14% Equity 93.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK8% ₹1,105 Cr 10,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK7% ₹954 Cr 6,800,000
↑ 800,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY5% ₹775 Cr 4,627,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT5% ₹767 Cr 2,206,575
↓ -93,425 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL5% ₹674 Cr 6,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 5322154% ₹597 Cr 5,552,750
↓ -247,250 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹573 Cr 7,663,341
↑ 1,163,341 HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH4% ₹540 Cr 3,243,000 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 5325553% ₹463 Cr 13,791,570
↑ 673,570 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE3% ₹435 Cr 1,487,988
↑ 337,988 8. Principal Multi Cap Growth Fund
CAGR/Annualized
return of 16% since its launch. Ranked 12 in Multi Cap
category. Return for 2023 was 31.1% , 2022 was -1.6% and 2021 was 46.3% . Principal Multi Cap Growth Fund
Growth Launch Date 25 Oct 00 NAV (16 Apr 24) ₹322.751 ↓ -0.66 (-0.21 %) Net Assets (Cr) ₹2,391 on 29 Feb 24 Category Equity - Multi Cap AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.16 Sharpe Ratio 2.43 Information Ratio -0.41 Alpha Ratio -6.42 Min Investment 5,000 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 Mar 19 ₹10,000 31 Mar 20 ₹7,403 31 Mar 21 ₹12,559 31 Mar 22 ₹16,515 31 Mar 23 ₹15,892 31 Mar 24 ₹22,191 Returns for Principal Multi Cap Growth Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 3.7% 3 Month 1.9% 6 Month 15.7% 1 Year 38.2% 3 Year 22% 5 Year 17.3% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.1% 2022 -1.6% 2021 46.3% 2020 15% 2019 3.9% 2018 -8.7% 2017 48.7% 2016 6.4% 2015 2.8% 2014 49.4% Fund Manager information for Principal Multi Cap Growth Fund
Name Since Tenure Ratish Varier 1 Jan 22 2.25 Yr. Sudhir Kedia 1 Jan 22 2.25 Yr. Data below for Principal Multi Cap Growth Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 26.76% Industrials 16.27% Consumer Cyclical 14% Technology 7.41% Health Care 6.76% Consumer Defensive 5.38% Energy 5.07% Basic Materials 4.5% Communication Services 4.16% Utility 2.74% Real Estate 2.05% Asset Allocation
Asset Class Value Cash 4.88% Equity 95.11% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE5% ₹121 Cr 415,206
↑ 12,207 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹106 Cr 1,002,964
↓ -96,945 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK4% ₹96 Cr 682,220
↑ 33,477 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5328103% ₹80 Cr 2,005,945
↑ 229,444 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | 5322153% ₹79 Cr 734,102
↑ 11,087 KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB3% ₹69 Cr 189,783 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 23 | SUNPHARMA3% ₹66 Cr 421,000 NTPC Ltd (Utilities)
Equity, Since 31 Mar 23 | 5325553% ₹66 Cr 1,955,077
↓ -250,000 Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 5328143% ₹62 Cr 1,176,997 Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY2% ₹58 Cr 344,063 9. Invesco India Multicap Fund
CAGR/Annualized
return of 16.1% since its launch. Ranked 37 in Multi Cap
category. Return for 2023 was 31.8% , 2022 was -2.2% and 2021 was 40.7% . Invesco India Multicap Fund
Growth Launch Date 17 Mar 08 NAV (16 Apr 24) ₹110.39 ↓ -0.31 (-0.28 %) Net Assets (Cr) ₹3,145 on 29 Feb 24 Category Equity - Multi Cap AMC Invesco Asset Management (India) Private Ltd Rating ☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 2.86 Information Ratio -0.66 Alpha Ratio -0.96 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 Mar 19 ₹10,000 31 Mar 20 ₹7,641 31 Mar 21 ₹13,146 31 Mar 22 ₹16,119 31 Mar 23 ₹16,069 31 Mar 24 ₹22,916 Returns for Invesco India Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 16 Apr 24 Duration Returns 1 Month 5.7% 3 Month 3.9% 6 Month 17.4% 1 Year 42.3% 3 Year 21.6% 5 Year 18.3% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.8% 2022 -2.2% 2021 40.7% 2020 18.8% 2019 4.6% 2018 -12.5% 2017 46.2% 2016 0.7% 2015 6.7% 2014 72.1% Fund Manager information for Invesco India Multicap Fund
Name Since Tenure Amit Nigam 3 Sep 20 3.58 Yr. Dhimant Kothari 1 Dec 23 0.33 Yr. Data below for Invesco India Multicap Fund as on 29 Feb 24
Equity Sector Allocation
Sector Value Financial Services 28.21% Industrials 15.12% Consumer Cyclical 13.55% Health Care 8.71% Basic Materials 7.79% Consumer Defensive 6.86% Utility 5.9% Technology 5.25% Energy 4.19% Real Estate 1.11% Asset Allocation
Asset Class Value Cash 3.31% Equity 96.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹144 Cr 1,370,020
↑ 134,676 Infosys Ltd (Technology)
Equity, Since 31 Mar 22 | INFY3% ₹93 Cr 554,326
↓ -69,506 NTPC Ltd (Utilities)
Equity, Since 30 Jun 22 | 5325553% ₹92 Cr 2,737,131 Anand Rathi Wealth Ltd (Financial Services)
Equity, Since 31 Mar 22 | 5434153% ₹85 Cr 233,796 Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | 5328142% ₹75 Cr 1,426,985 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Sep 20 | JBCHEPHARM2% ₹71 Cr 456,016 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | CHOLAFIN2% ₹63 Cr 578,528 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 24 | RELIANCE2% ₹63 Cr 215,269
↑ 67,013 NHPC Ltd (Utilities)
Equity, Since 30 Nov 22 | NHPC2% ₹62 Cr 7,035,486 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 23 | LT2% ₹62 Cr 177,827
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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.
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Relevant and useful .