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9 Best Diversified Multicap Mutual Funds to Invest in 2023

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Best Diversified Mutual Funds To Invest In 2023

Updated on May 31, 2023 , 45463 views

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.

Diversified-funds

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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9 Best Performing Diversified Funds FY 23 - 24

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Nippon India Multi Cap Fund Growth ₹180.87
↑ 0.86
₹15,08811.15.824.837.314.914.1
HDFC Equity Fund Growth ₹1,201.03
↑ 6.00
₹33,2227.31.519.532.514.618.3
Mahindra Badhat Yojana Growth ₹21.8839
↑ 0.11
₹1,6339.40.512.229.215.41.6
Baroda Pioneer Multi Cap Fund Growth ₹182.31
↑ 0.50
₹1,6788.12.715.428.713.2-3
Franklin India Equity Fund Growth ₹1,035.72
↑ 2.28
₹10,3707.4-1.213.628.412.45.3
Parag Parikh Long Term Equity Fund Growth ₹54.2828
↑ 0.26
₹33,61611.49.717.228.218.1-7.2
PGIM India Diversified Equity Fund Growth ₹26.43
↑ 0.06
₹5,4577.80.311.127.715-6.4
ICICI Prudential Multicap Fund Growth ₹493.9
↑ 3.12
₹7,1738.12.317.527.212.54.7
Principal Multi Cap Growth Fund Growth ₹246.339
↑ 0.93
₹1,8516.9-0.31127.111.5-1.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Jun 23
*Above is list of top diversified/multicap mutual funds with AUM/Net Assets > 500 Crore, sorted on 3 Year CAGR Returns.

1. Nippon India Multi Cap Fund

(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 CAGR/Annualized return of 17.3% since its launch.  Ranked 63 in Multi Cap category.  Return for 2022 was 14.1% , 2021 was 48.9% and 2020 was 0% .

Below is the key information for Nippon India Multi Cap Fund

Nippon India Multi Cap Fund
Growth
Launch Date 28 Mar 05
NAV (02 Jun 23) ₹180.87 ↑ 0.86   (0.48 %)
Net Assets (Cr) ₹15,088 on 30 Apr 23
Category Equity - Multi Cap
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 0.49
Information Ratio 0.53
Alpha Ratio 8.23
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.

DateValue
31 May 18₹10,000
31 May 19₹11,178
31 May 20₹7,302
31 May 21₹13,254
31 May 22₹15,746
31 May 23₹19,701

Nippon India Multi Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Nippon India Multi Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 6.1%
3 Month 11.1%
6 Month 5.8%
1 Year 24.8%
3 Year 37.3%
5 Year 14.9%
10 Year
15 Year
Since launch 17.3%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 4.6%
Fund Manager information for Nippon India Multi Cap Fund
NameSinceTenure
Sailesh Raj Bhan31 Mar 0518.1 Yr.
Ashutosh Bhargava1 Sep 211.66 Yr.
Kinjal Desai25 May 184.94 Yr.
Akshay Sharma1 Dec 220.41 Yr.

Data below for Nippon India Multi Cap Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services29.14%
Industrials20.38%
Consumer Cyclical19.18%
Health Care7.72%
Basic Materials6.35%
Technology5.9%
Energy3.53%
Consumer Defensive2.99%
Communication Services2.7%
Utility0.59%
Asset Allocation
Asset ClassValue
Cash1.3%
Equity98.7%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | LINDEINDIA
5%₹707 Cr1,774,811
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹642 Cr7,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK
4%₹608 Cr3,600,448
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE
4%₹533 Cr2,200,000
↑ 500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 532215
3%₹516 Cr6,000,121
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | INDHOTEL
3%₹509 Cr15,000,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT
3%₹473 Cr2,000,000
EIH Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 31 Jul 14 | EIHOTEL
3%₹469 Cr24,869,918
State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN
3%₹463 Cr8,000,000
↑ 2,000,000
Kennametal India Ltd (Industrials)
Equity, Since 31 Mar 13 | KENNAMET
3%₹462 Cr2,026,242

2. HDFC Equity Fund

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 CAGR/Annualized return of 18.4% since its launch.  Ranked 34 in Multi Cap category.  Return for 2022 was 18.3% , 2021 was 36.2% and 2020 was 6.4% .

Below is the key information for HDFC Equity Fund

HDFC Equity Fund
Growth
Launch Date 1 Jan 95
NAV (02 Jun 23) ₹1,201.03 ↑ 6.00   (0.50 %)
Net Assets (Cr) ₹33,222 on 30 Apr 23
Category Equity - Multi Cap
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.74
Sharpe Ratio 0.55
Information Ratio 0.75
Alpha Ratio 8.67
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.

DateValue
31 May 18₹10,000
31 May 19₹11,374
31 May 20₹8,158
31 May 21₹14,304
31 May 22₹16,292
31 May 23₹19,534

HDFC Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for HDFC Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 3.1%
3 Month 7.3%
6 Month 1.5%
1 Year 19.5%
3 Year 32.5%
5 Year 14.6%
10 Year
15 Year
Since launch 18.4%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 3.8%
Fund Manager information for HDFC Equity Fund
NameSinceTenure
Roshi Jain29 Jul 220.76 Yr.
Priya Ranjan1 May 221 Yr.

Data below for HDFC Equity Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services37.04%
Industrials10.9%
Technology10.65%
Health Care9.12%
Consumer Cyclical6.4%
Utility6.32%
Energy5.86%
Communication Services5.57%
Real Estate0.84%
Consumer Defensive0.67%
Basic Materials0.57%
Asset Allocation
Asset ClassValue
Cash6.07%
Equity93.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹3,239 Cr35,300,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
6%₹2,025 Cr12,000,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
6%₹1,937 Cr33,500,000
Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY
5%₹1,541 Cr12,300,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL
5%₹1,529 Cr19,125,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Nov 16 | NTPC
4%₹1,465 Cr85,200,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
4%₹1,437 Cr13,500,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 20 | HAL
4%₹1,372 Cr4,700,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | M&M
4%₹1,352 Cr11,015,879
↑ 15,879
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFC
4%₹1,249 Cr4,500,000

3. Mahindra Badhat Yojana

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 CAGR/Annualized return of 13.8% since its launch.  Return for 2022 was 1.6% , 2021 was 50.8% and 2020 was 16.6% .

Below is the key information for Mahindra Badhat Yojana

Mahindra Badhat Yojana
Growth
Launch Date 11 May 17
NAV (02 Jun 23) ₹21.8839 ↑ 0.11   (0.49 %)
Net Assets (Cr) ₹1,633 on 30 Apr 23
Category Equity - Multi Cap
AMC Mahindra Asset Management Company Pvt. Ltd.
Rating Not Rated
Risk Moderately High
Expense Ratio 2.39
Sharpe Ratio -0.22
Information Ratio -0.47
Alpha Ratio -2.62
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.

DateValue
31 May 18₹10,000
31 May 19₹10,329
31 May 20₹9,135
31 May 21₹16,094
31 May 22₹18,024
31 May 23₹20,264

Mahindra Badhat Yojana SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Mahindra Badhat Yojana

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 5.3%
3 Month 9.4%
6 Month 0.5%
1 Year 12.2%
3 Year 29.2%
5 Year 15.4%
10 Year
15 Year
Since launch 13.8%
Historical performance (Yearly) on absolute basis
YearReturns
2022 1.6%
2021 50.8%
2020 16.6%
2019 13.8%
2018 -9.9%
2017
2016
2015
2014
2013
Fund Manager information for Mahindra Badhat Yojana
NameSinceTenure
Manish Lodha21 Dec 202.36 Yr.
Fatema Pacha16 Oct 202.54 Yr.

Data below for Mahindra Badhat Yojana as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services23.46%
Industrials21.82%
Technology12.52%
Consumer Cyclical11.4%
Basic Materials7.18%
Energy6.97%
Health Care6.42%
Communication Services5.31%
Real Estate1.36%
Utility0.95%
Asset Allocation
Asset ClassValue
Cash2.61%
Equity97.39%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | HDFCBANK
8%₹138 Cr818,400
↑ 30,000
Reliance Industries Ltd (Energy)
Equity, Since 28 Feb 23 | RELIANCE
5%₹89 Cr368,000
Infosys Ltd (Technology)
Equity, Since 31 May 18 | INFY
4%₹66 Cr527,850
LTIMindtree Ltd (Technology)
Equity, Since 30 Nov 22 | LTIM
3%₹48 Cr109,035
Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Jul 22 | BHARATFORG
3%₹41 Cr513,000
Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 30 Apr 23 | TATAMTRDVR
2%₹37 Cr1,487,613
↑ 1,487,613
IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 22 | INDUSINDBK
2%₹37 Cr319,500
Tech Mahindra Ltd (Technology)
Equity, Since 31 Dec 21 | TECHM
2%₹36 Cr351,000
Kirloskar Oil Engines Ltd (Industrials)
Equity, Since 31 Aug 22 | KIRLOSENG
2%₹35 Cr900,000
Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Nov 22 | KAYNES
2%₹35 Cr351,000

4. Baroda Pioneer Multi Cap Fund

(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 CAGR/Annualized return of 15.9% since its launch.  Ranked 37 in Multi Cap category.  Return for 2022 was -3% , 2021 was 47.9% and 2020 was 19.5% .

Below is the key information for Baroda Pioneer Multi Cap Fund

Baroda Pioneer Multi Cap Fund
Growth
Launch Date 12 Sep 03
NAV (02 Jun 23) ₹182.31 ↑ 0.50   (0.27 %)
Net Assets (Cr) ₹1,678 on 30 Apr 23
Category Equity - Multi Cap
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.37
Sharpe Ratio -0.06
Information Ratio -0.44
Alpha Ratio -0.16
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.

DateValue
31 May 18₹10,000
31 May 19₹10,192
31 May 20₹8,404
31 May 21₹14,216
31 May 22₹15,911
31 May 23₹18,390

Baroda Pioneer Multi Cap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for Baroda Pioneer Multi Cap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 4.6%
3 Month 8.1%
6 Month 2.7%
1 Year 15.4%
3 Year 28.7%
5 Year 13.2%
10 Year
15 Year
Since launch 15.9%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 3.6%
Fund Manager information for Baroda Pioneer Multi Cap Fund
NameSinceTenure
Sanjay Chawla1 Nov 157.5 Yr.
Sandeep Jain14 Mar 221.13 Yr.

Data below for Baroda Pioneer Multi Cap Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services19.31%
Consumer Cyclical13.95%
Basic Materials12.02%
Health Care11.03%
Industrials10.69%
Technology8.56%
Consumer Defensive6.07%
Energy3.97%
Utility3.26%
Real Estate2.79%
Communication Services2.58%
Asset Allocation
Asset ClassValue
Cash4.96%
Equity95.04%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK
5%₹80 Cr475,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
5%₹79 Cr864,815
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE
4%₹67 Cr275,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA
3%₹48 Cr490,000
J.B. Chemicals & Pharmaceuticals Ltd Shs Dematerialised (Healthcare)
Equity, Since 30 Jun 21 | JBCHEPHARM
3%₹47 Cr219,384
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jan 23 | TCS
3%₹46 Cr143,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | INDHOTEL
2%₹41 Cr1,200,000
Dalmia Bharat Ltd (Basic Materials)
Equity, Since 30 Sep 20 | DALBHARAT
2%₹36 Cr181,000
Rainbow Childrens Medicare Ltd (Healthcare)
Equity, Since 30 Apr 22 | 543524
2%₹36 Cr455,345
↑ 5,439
State Bank of India (Financial Services)
Equity, Since 31 May 22 | SBIN
2%₹35 Cr600,000

5. Franklin India Equity Fund

(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 CAGR/Annualized return of 17.6% since its launch.  Ranked 50 in Multi Cap category.  Return for 2022 was 5.3% , 2021 was 40.3% and 2020 was 16% .

Below is the key information for Franklin India Equity Fund

Franklin India Equity Fund
Growth
Launch Date 29 Sep 94
NAV (02 Jun 23) ₹1,035.72 ↑ 2.28   (0.22 %)
Net Assets (Cr) ₹10,370 on 30 Apr 23
Category Equity - Multi Cap
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 0.11
Information Ratio 0.59
Alpha Ratio 2.23
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.

DateValue
31 May 18₹10,000
31 May 19₹10,303
31 May 20₹8,145
31 May 21₹14,176
31 May 22₹15,673
31 May 23₹17,833

Franklin India Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for Franklin India Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 3.3%
3 Month 7.4%
6 Month -1.2%
1 Year 13.6%
3 Year 28.4%
5 Year 12.4%
10 Year
15 Year
Since launch 17.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 5.5%
Fund Manager information for Franklin India Equity Fund
NameSinceTenure
Anand Radhakrishnan1 Feb 1112.25 Yr.
R. Janakiraman1 Feb 1112.25 Yr.
Sandeep Manam18 Oct 211.53 Yr.

Data below for Franklin India Equity Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services32.14%
Industrials12.42%
Consumer Cyclical10.79%
Technology9.55%
Consumer Defensive8.43%
Basic Materials6.19%
Utility5.18%
Communication Services5.16%
Energy4.02%
Health Care1.24%
Asset Allocation
Asset ClassValue
Cash4.9%
Equity95.1%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK
9%₹928 Cr5,500,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
9%₹918 Cr10,000,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT
6%₹591 Cr2,500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL
5%₹536 Cr6,700,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹526 Cr4,200,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK
5%₹516 Cr6,000,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹367 Cr6,350,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH
3%₹298 Cr2,800,000
Grasim Industries Ltd (Basic Materials)
Equity, Since 31 Jan 19 | GRASIM
3%₹296 Cr1,720,000
United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 19 | MCDOWELL-N
3%₹272 Cr3,500,000

6. Parag Parikh Long Term Equity Fund

(Erstwhile Parag Parikh Long Term Value Fund)

The investment objective of the scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and equity related securities.

Parag Parikh Long Term Equity Fund is a Equity - Multi Cap fund was launched on 24 May 13. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.4% since its launch.  Ranked 34 in Multi Cap category.  Return for 2022 was -7.2% , 2021 was 45.5% and 2020 was 32.3% .

Below is the key information for Parag Parikh Long Term Equity Fund

Parag Parikh Long Term Equity Fund
Growth
Launch Date 24 May 13
NAV (02 Jun 23) ₹54.2828 ↑ 0.26   (0.49 %)
Net Assets (Cr) ₹33,616 on 30 Apr 23
Category Equity - Multi Cap
AMC PPFAS Asset Management Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 0.31
Information Ratio 0.46
Alpha Ratio 4.35
Min Investment 1,000
Min SIP Investment 1,000
Exit Load 0-365 Days (2%),365-730 Days (1%),730 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 May 18₹10,000
31 May 19₹10,586
31 May 20₹10,611
31 May 21₹17,630
31 May 22₹19,695
31 May 23₹22,970

Parag Parikh Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
Invest Now

Returns for Parag Parikh Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 3.9%
3 Month 11.4%
6 Month 9.7%
1 Year 17.2%
3 Year 28.2%
5 Year 18.1%
10 Year
15 Year
Since launch 18.4%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -7.2%
2021 45.5%
2020 32.3%
2019 14.4%
2018 -0.4%
2017 29.4%
2016 3.3%
2015 8.9%
2014 44.8%
2013
Fund Manager information for Parag Parikh Long Term Equity Fund
NameSinceTenure
Raj Mehta27 Jan 167.26 Yr.
Rajeev Thakkar24 May 139.94 Yr.
Raunak Onkar24 May 139.94 Yr.
Rukun Tarachandani16 May 220.96 Yr.

Data below for Parag Parikh Long Term Equity Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services34.92%
Technology11.81%
Communication Services8.35%
Consumer Defensive7.78%
Consumer Cyclical7.54%
Energy5.31%
Utility4.5%
Health Care3.82%
Basic Materials1.17%
Industrials0.04%
Asset Allocation
Asset ClassValue
Cash14.43%
Equity85.25%
Debt0.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC
8%₹2,671 Cr9,622,504
ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Mar 20 | ITC
8%₹2,583 Cr60,698,959
Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 31 Oct 16 | BAJAJHLDNG
7%₹2,480 Cr3,621,934
↑ 13,266
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 14 | ICICIBANK
6%₹1,992 Cr21,705,898
Microsoft Corp (Technology)
Equity, Since 30 Apr 20 | MSF
5%₹1,802 Cr722,279
↑ 6,930
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | AXISBANK
5%₹1,679 Cr19,524,011
HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 21 | HCLTECH
5%₹1,640 Cr15,414,083
↑ 565,000
Alphabet Inc Class A (Communication Services)
Equity, Since 31 May 21 | GOOGL
5%₹1,622 Cr1,841,837
↑ 38,270
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Sep 21 | POWERGRID
5%₹1,513 Cr63,775,637
Coal India Ltd (Energy)
Equity, Since 31 May 22 | 533278
4%₹1,478 Cr63,419,428
↓ -5,040,000

7. PGIM India Diversified Equity Fund

To generate income & capital appreciation by predominantly investing in an actively managed diversified portfolio of equity & equity related instruments including derivatives.

PGIM India Diversified Equity Fund is a Equity - Multi Cap fund was launched on 4 Mar 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.5% since its launch.  Return for 2022 was -6.4% , 2021 was 43.5% and 2020 was 35.9% .

Below is the key information for PGIM India Diversified Equity Fund

PGIM India Diversified Equity Fund
Growth
Launch Date 4 Mar 15
NAV (02 Jun 23) ₹26.43 ↑ 0.06   (0.23 %)
Net Assets (Cr) ₹5,457 on 30 Apr 23
Category Equity - Multi Cap
AMC Pramerica Asset Managers Private Limited
Rating Not Rated
Risk Moderately High
Expense Ratio 2.23
Sharpe Ratio -0.29
Information Ratio 0.3
Alpha Ratio -3.51
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 May 18₹10,000
31 May 19₹10,375
31 May 20₹9,257
31 May 21₹16,974
31 May 22₹17,785
31 May 23₹19,895

PGIM India Diversified Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for PGIM India Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 4.8%
3 Month 7.8%
6 Month 0.3%
1 Year 11.1%
3 Year 27.7%
5 Year 15%
10 Year
15 Year
Since launch 12.5%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -6.4%
2021 43.5%
2020 35.9%
2019 10%
2018 -7.9%
2017 36.6%
2016 -0.6%
2015
2014
2013
Fund Manager information for PGIM India Diversified Equity Fund
NameSinceTenure
Vinay Paharia1 Apr 230.08 Yr.
Puneet Pal1 Apr 230.08 Yr.
A. Anandha Padmanabhan1 Jun 211.92 Yr.
Ojasvi Khicha1 Apr 230.08 Yr.

Data below for PGIM India Diversified Equity Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services30.78%
Consumer Cyclical11.62%
Industrials10.89%
Energy7.63%
Consumer Defensive7.21%
Technology7.01%
Basic Materials6.29%
Health Care6.27%
Utility5.44%
Asset Allocation
Asset ClassValue
Cash6.86%
Equity93.14%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE
8%₹416 Cr1,720,000
↑ 770,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFC
7%₹407 Cr1,465,300
↑ 840,300
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK
7%₹396 Cr4,311,000
↓ -1,244,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | HDFCBANK
5%₹272 Cr1,609,500
↑ 535,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 20 | INFY
5%₹267 Cr2,134,043
↑ 955,300
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | VBL
3%₹180 Cr1,242,500
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | HINDUNILVR
3%₹160 Cr650,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 22 | MAXHEALTH
3%₹159 Cr3,453,663
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Aug 22 | NTPC
3%₹151 Cr8,750,000
ABB India Ltd (Industrials)
Equity, Since 31 May 22 | ABB
2%₹115 Cr336,351
↓ -249,300

8. ICICI Prudential Multicap Fund

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 CAGR/Annualized return of 14.6% since its launch.  Ranked 49 in Multi Cap category.  Return for 2022 was 4.7% , 2021 was 36.4% and 2020 was 9.2% .

Below is the key information for ICICI Prudential Multicap Fund

ICICI Prudential Multicap Fund
Growth
Launch Date 1 Oct 94
NAV (02 Jun 23) ₹493.9 ↑ 3.12   (0.64 %)
Net Assets (Cr) ₹7,173 on 30 Apr 23
Category Equity - Multi Cap
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 0.12
Information Ratio -0.66
Alpha Ratio 2.36
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.

DateValue
31 May 18₹10,000
31 May 19₹10,946
31 May 20₹8,446
31 May 21₹14,262
31 May 22₹15,250
31 May 23₹17,871

ICICI Prudential Multicap Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for ICICI Prudential Multicap Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 5.1%
3 Month 8.1%
6 Month 2.3%
1 Year 17.5%
3 Year 27.2%
5 Year 12.5%
10 Year
15 Year
Since launch 14.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 6.4%
Fund Manager information for ICICI Prudential Multicap Fund
NameSinceTenure
Sankaran Naren1 Jul 220.83 Yr.
Anand Sharma1 Jul 220.83 Yr.
Sharmila D’mello31 Jul 220.75 Yr.

Data below for ICICI Prudential Multicap Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services23.63%
Consumer Cyclical18.22%
Industrials15.38%
Communication Services6.93%
Energy6.07%
Technology5.58%
Health Care5.32%
Utility3.66%
Basic Materials3.53%
Consumer Defensive3.48%
Real Estate1.09%
Asset Allocation
Asset ClassValue
Cash6.27%
Equity93.72%
Debt0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
6%₹462 Cr5,033,684
↓ -265,300
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE
4%₹267 Cr1,102,284
Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY
3%₹241 Cr1,922,766
↑ 118,320
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Oct 22 | NTPC
2%₹172 Cr10,004,099
↑ 632,738
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 17 | SUNPHARMA
2%₹153 Cr1,545,977
↓ -208,390
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL
2%₹147 Cr1,842,016
↓ -190,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK
2%₹141 Cr834,602
↓ -469,816
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | MARUTI
2%₹141 Cr163,731
UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Aug 19 | UNOMINDA
2%₹138 Cr2,655,799
Cummins India Ltd (Industrials)
Equity, Since 31 Jan 22 | CUMMINSIND
2%₹138 Cr874,727
↑ 93,130

9. Principal Multi Cap Growth Fund

(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 CAGR/Annualized return of 15.2% since its launch.  Ranked 12 in Multi Cap category.  Return for 2022 was -1.6% , 2021 was 46.3% and 2020 was 15% .

Below is the key information for Principal Multi Cap Growth Fund

Principal Multi Cap Growth Fund
Growth
Launch Date 25 Oct 00
NAV (02 Jun 23) ₹246.339 ↑ 0.93   (0.38 %)
Net Assets (Cr) ₹1,851 on 30 Apr 23
Category Equity - Multi Cap
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.33
Sharpe Ratio -0.26
Information Ratio -0.87
Alpha Ratio -2.96
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.

DateValue
31 May 18₹10,000
31 May 19₹10,089
31 May 20₹8,009
31 May 21₹13,456
31 May 22₹15,292
31 May 23₹16,987

Principal Multi Cap Growth Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Principal Multi Cap Growth Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 2 Jun 23

DurationReturns
1 Month 4.1%
3 Month 6.9%
6 Month -0.3%
1 Year 11%
3 Year 27.1%
5 Year 11.5%
10 Year
15 Year
Since launch 15.2%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 8.3%
Fund Manager information for Principal Multi Cap Growth Fund
NameSinceTenure
Ratish Varier1 Jan 221.33 Yr.
Sudhir Kedia1 Jan 221.33 Yr.

Data below for Principal Multi Cap Growth Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Financial Services28.69%
Industrials17.77%
Consumer Cyclical11.67%
Basic Materials10.49%
Health Care7.39%
Technology5.9%
Consumer Defensive4.73%
Energy4.04%
Communication Services3.71%
Utility2.26%
Real Estate1.84%
Asset Allocation
Asset ClassValue
Cash1.48%
Equity98.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹108 Cr1,174,228
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹89 Cr530,246
State Bank of India (Financial Services)
Equity, Since 30 Nov 08 | SBIN
4%₹78 Cr1,357,380
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE
4%₹75 Cr308,999
↓ -113,956
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
4%₹75 Cr596,069
↑ 72,614
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK
3%₹52 Cr610,098
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Dec 21 | NAVINFLUOR
3%₹51 Cr105,931
↑ 10,211
KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB
2%₹45 Cr199,452
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Dec 21 | HINDUNILVR
2%₹42 Cr172,869
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Mar 23 | NTPC
2%₹42 Cr2,433,441
↑ 1,749,441

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Smart Tips to Choose Best Diversified Mutual Funds

An ideal diversified fund should pass through the below mentioned parameters:

1. Compare Returns across Diversified Funds within the Same Category

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.

2. Check Diversified Fund Returns against the Benchmark Index

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.

3. Weigh the Consistency of the Fund

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.

4. Be Aware of the Risks in a Fund

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:

a. Alpha

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.

b. Beta

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.

c. Standard Deviation (SD)

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.

d. Sharpe Ratio (SR)

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.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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