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 ₹34.79
↑ 0.36 ₹1,107 6.7 5.2 20.6 22.5 15.3 3.5 Mahindra Badhat Yojana Growth ₹36.1617
↑ 0.41 ₹6,174 0.3 1.1 11 21.3 18.5 3.4 Nippon India Multi Cap Fund Growth ₹295.968
↑ 2.57 ₹50,820 1.4 -2.6 8.4 21.3 21.7 4.1 Motilal Oswal Multicap 35 Fund Growth ₹56.6884
↑ 0.23 ₹12,890 -5.1 -9.9 0.6 21.1 12.6 -5.6 ICICI Prudential Multicap Fund Growth ₹816.53
↑ 9.57 ₹16,315 3.1 1.8 9.1 21.1 18.2 5.7 JM Multicap Fund Growth ₹92.8856
↑ 0.95 ₹5,159 -2.4 -6.6 -0.8 19.1 17.3 -6.8 Bandhan Focused Equity Fund Growth ₹87.383
↑ 1.10 ₹2,018 0.6 -1.5 7.9 18.9 14.3 -1.6 Aditya Birla Sun Life Equity Fund Growth ₹1,840.81
↑ 16.50 ₹25,207 -1.3 -0.3 10.1 18.6 14.4 11.2 Edelweiss Multi Cap Fund Growth ₹38.162
↑ 0.30 ₹3,203 -3.3 -2.6 7.5 18.4 15.6 5.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Apr 26 Research Highlights & Commentary of 9 Funds showcased
Commentary Aditya Birla Sun Life Manufacturing Equity Fund Mahindra Badhat Yojana Nippon India Multi Cap Fund Motilal Oswal Multicap 35 Fund ICICI Prudential Multicap Fund JM Multicap Fund Bandhan Focused Equity Fund Aditya Birla Sun Life Equity Fund Edelweiss Multi Cap Fund Point 1 Bottom quartile AUM (₹1,107 Cr). Lower mid AUM (₹6,174 Cr). Highest AUM (₹50,820 Cr). Upper mid AUM (₹12,890 Cr). Upper mid AUM (₹16,315 Cr). Lower mid AUM (₹5,159 Cr). Bottom quartile AUM (₹2,018 Cr). Top quartile AUM (₹25,207 Cr). Bottom quartile AUM (₹3,203 Cr). Point 2 Established history (11+ yrs). Established history (8+ yrs). Established history (21+ yrs). Established history (11+ yrs). Oldest track record among peers (31 yrs). Established history (17+ yrs). Established history (20+ yrs). Established history (27+ yrs). Established history (11+ yrs). Point 3 Not Rated. Not Rated. Rating: 2★ (lower mid). Top rated. Rating: 3★ (lower mid). Rating: 4★ (top quartile). Rating: 4★ (upper mid). Rating: 4★ (upper 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: 15.26% (lower mid). 5Y return: 18.49% (top quartile). 5Y return: 21.68% (top quartile). 5Y return: 12.62% (bottom quartile). 5Y return: 18.24% (upper mid). 5Y return: 17.33% (upper mid). 5Y return: 14.26% (bottom quartile). 5Y return: 14.41% (bottom quartile). 5Y return: 15.56% (lower mid). Point 6 3Y return: 22.51% (top quartile). 3Y return: 21.35% (top quartile). 3Y return: 21.29% (upper mid). 3Y return: 21.10% (upper mid). 3Y return: 21.09% (lower mid). 3Y return: 19.10% (lower mid). 3Y return: 18.87% (bottom quartile). 3Y return: 18.57% (bottom quartile). 3Y return: 18.45% (bottom quartile). Point 7 1Y return: 20.63% (top quartile). 1Y return: 11.04% (top quartile). 1Y return: 8.37% (lower mid). 1Y return: 0.63% (bottom quartile). 1Y return: 9.11% (upper mid). 1Y return: -0.82% (bottom quartile). 1Y return: 7.94% (lower mid). 1Y return: 10.13% (upper mid). 1Y return: 7.49% (bottom quartile). Point 8 Alpha: 0.00 (lower mid). Alpha: 2.49 (top quartile). Alpha: 1.47 (upper mid). Alpha: -11.42 (bottom quartile). Alpha: 1.34 (lower mid). Alpha: -5.99 (bottom quartile). Alpha: -2.03 (bottom quartile). Alpha: 2.94 (top quartile). Alpha: 2.25 (upper mid). Point 9 Sharpe: 1.35 (top quartile). Sharpe: 1.15 (upper mid). Sharpe: 1.02 (lower mid). Sharpe: 0.13 (bottom quartile). Sharpe: 1.05 (lower mid). Sharpe: 0.34 (bottom quartile). Sharpe: 0.70 (bottom quartile). Sharpe: 1.28 (top quartile). Sharpe: 1.21 (upper mid). Point 10 Information ratio: 0.00 (bottom quartile). Information ratio: 0.39 (lower mid). Information ratio: 0.52 (upper mid). Information ratio: 0.33 (lower mid). Information ratio: 0.21 (bottom quartile). Information ratio: 0.42 (upper mid). Information ratio: 0.27 (bottom quartile). Information ratio: 0.64 (top quartile). Information ratio: 0.60 (top quartile). Aditya Birla Sun Life Manufacturing Equity Fund
Mahindra Badhat Yojana
Nippon India Multi Cap Fund
Motilal Oswal Multicap 35 Fund
ICICI Prudential Multicap Fund
JM Multicap Fund
Bandhan Focused Equity Fund
Aditya Birla Sun Life Equity 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 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 (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. Research Highlights for Nippon India Multi Cap Fund Below is the key information for Nippon India Multi Cap 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 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 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 The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. Research Highlights for Bandhan Focused Equity Fund Below is the key information for Bandhan Focused Equity 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 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 (17 Apr 26) ₹34.79 ↑ 0.36 (1.05 %) Net Assets (Cr) ₹1,107 on 28 Feb 26 Category Equity - Multi Cap AMC Birla Sun Life Asset Management Co Ltd Rating Risk High Expense Ratio 2.26 Sharpe Ratio 1.35 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 Mar 21 ₹10,000 31 Mar 22 ₹11,396 31 Mar 23 ₹10,917 31 Mar 24 ₹16,026 31 Mar 25 ₹17,368 31 Mar 26 ₹18,350 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 17 Apr 26 Duration Returns 1 Month 7.5% 3 Month 6.7% 6 Month 5.2% 1 Year 20.6% 3 Year 22.5% 5 Year 15.3% 10 Year 15 Year Since launch 11.8% 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 Harish Krishnan 3 Nov 23 2.41 Yr. Data below for Aditya Birla Sun Life Manufacturing Equity Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Consumer Cyclical 28.37% Industrials 24.98% Basic Materials 21.33% Health Care 12.65% Consumer Defensive 5.05% Energy 4.85% Technology 1.34% Utility 0.78% Asset Allocation
Asset Class Value Cash 0.65% Equity 99.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO5% ₹53 Cr 600,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 19 | RELIANCE5% ₹49 Cr 366,616 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 22 | M&M4% ₹43 Cr 144,570 Cummins India Ltd (Industrials)
Equity, Since 28 Feb 15 | 5004804% ₹39 Cr 85,582 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 15 | MARUTI4% ₹38 Cr 30,843 Vedanta Ltd (Basic Materials)
Equity, Since 31 Jul 24 | 5002954% ₹36 Cr 550,000 Tata Steel Ltd (Basic Materials)
Equity, Since 30 Jun 16 | TATASTEEL3% ₹34 Cr 1,795,574 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 22 | SUNPHARMA3% ₹33 Cr 190,238 Jindal Steel Ltd (Basic Materials)
Equity, Since 31 Jul 24 | 5322863% ₹29 Cr 256,435 Bharat Electronics Ltd (Industrials)
Equity, Since 28 Feb 15 | BEL3% ₹27 Cr 678,274 2. Mahindra Badhat Yojana
Mahindra Badhat Yojana
Growth Launch Date 11 May 17 NAV (17 Apr 26) ₹36.1617 ↑ 0.41 (1.15 %) Net Assets (Cr) ₹6,174 on 28 Feb 26 Category Equity - Multi Cap AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 1.83 Sharpe Ratio 1.15 Information Ratio 0.39 Alpha Ratio 2.49 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 21 ₹10,000 31 Mar 22 ₹13,364 31 Mar 23 ₹13,036 31 Mar 24 ₹19,401 31 Mar 25 ₹20,699 31 Mar 26 ₹20,911 Returns for Mahindra Badhat Yojana
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 7.9% 3 Month 0.3% 6 Month 1.1% 1 Year 11% 3 Year 21.3% 5 Year 18.5% 10 Year 15 Year Since launch 15.5% 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 5.46 Yr. Vishal Jajoo 3 Nov 25 0.41 Yr. Data below for Mahindra Badhat Yojana as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 23.47% Industrials 16.65% Health Care 14.01% Basic Materials 13.35% Consumer Cyclical 12.09% Technology 4.79% Communication Services 4.08% Energy 2.91% Consumer Defensive 1.62% Utility 1.18% Asset Allocation
Asset Class Value Cash 5.84% Equity 94.15% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Jun 25 | 5322964% ₹211 Cr 989,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 25 | LT3% ₹184 Cr 526,466
↑ 92,238 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 23 | DIVISLAB3% ₹169 Cr 285,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 25 | 5325382% ₹134 Cr 125,000 Polycab India Ltd (Industrials)
Equity, Since 31 Jul 25 | POLYCAB2% ₹132 Cr 193,000 APL Apollo Tubes Ltd (Basic Materials)
Equity, Since 31 Mar 26 | APLAPOLLO2% ₹126 Cr 650,138
↑ 650,138 Indus Towers Ltd Ordinary Shares (Communication Services)
Equity, Since 31 Jan 25 | 5348162% ₹123 Cr 2,930,000
↓ -1,500,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 28 Feb 26 | 5433202% ₹116 Cr 5,057,699
↑ 2,657,699 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 24 | RELIANCE2% ₹111 Cr 825,000 Laurus Labs Ltd (Healthcare)
Equity, Since 31 Dec 24 | 5402222% ₹109 Cr 1,100,000 3. Nippon India Multi Cap Fund
Nippon India Multi Cap Fund
Growth Launch Date 28 Mar 05 NAV (17 Apr 26) ₹295.968 ↑ 2.57 (0.88 %) Net Assets (Cr) ₹50,820 on 28 Feb 26 Category Equity - Multi Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 1.57 Sharpe Ratio 1.02 Information Ratio 0.52 Alpha Ratio 1.47 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 21 ₹10,000 31 Mar 22 ₹13,437 31 Mar 23 ₹14,464 31 Mar 24 ₹21,718 31 Mar 25 ₹23,904 31 Mar 26 ₹23,567 Returns for Nippon India Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 5.9% 3 Month 1.4% 6 Month -2.6% 1 Year 8.4% 3 Year 21.3% 5 Year 21.7% 10 Year 15 Year Since launch 17.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 4.1% 2023 25.8% 2022 38.1% 2021 14.1% 2020 48.9% 2019 0% 2018 2.2% 2017 -2.2% 2016 40.9% 2015 -6.7% Fund Manager information for Nippon India Multi Cap Fund
Name Since Tenure Sailesh Raj Bhan 31 Mar 05 21.02 Yr. Kinjal Desai 25 May 18 7.86 Yr. Amber Singhania 11 Mar 26 0.06 Yr. Data below for Nippon India Multi Cap Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 23.23% Consumer Cyclical 20.55% Industrials 17.02% Health Care 9.97% Utility 6.6% Consumer Defensive 5.92% Basic Materials 5.6% Technology 5.1% Energy 2.2% Communication Services 1.19% Asset Allocation
Asset Class Value Cash 2.62% Equity 97.38% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK5% ₹2,529 Cr 34,569,796
↑ 2,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹2,061 Cr 17,093,364
↑ 1,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 5322154% ₹1,642 Cr 14,140,351 Infosys Ltd (Technology)
Equity, Since 30 Apr 09 | INFY3% ₹1,306 Cr 10,439,713
↑ 500,000 GE Vernova T&D India Ltd (Industrials)
Equity, Since 31 May 12 | 5222753% ₹1,284 Cr 3,525,768
↓ -486,629 NTPC Ltd (Utilities)
Equity, Since 30 Jun 23 | 5325552% ₹1,103 Cr 29,762,573 Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 5234572% ₹1,043 Cr 1,524,539 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE2% ₹1,017 Cr 7,568,975
↓ -500,000 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Mar 12 | 5002712% ₹992 Cr 6,653,107
↓ -300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT2% ₹874 Cr 2,494,471
↑ 200,000 4. Motilal Oswal Multicap 35 Fund
Motilal Oswal Multicap 35 Fund
Growth Launch Date 28 Apr 14 NAV (17 Apr 26) ₹56.6884 ↑ 0.23 (0.42 %) Net Assets (Cr) ₹12,890 on 28 Feb 26 Category Equity - Multi Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio 0.13 Information Ratio 0.33 Alpha Ratio -11.42 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 21 ₹10,000 31 Mar 22 ₹10,237 31 Mar 23 ₹9,901 31 Mar 24 ₹15,288 31 Mar 25 ₹18,108 31 Mar 26 ₹16,204 Returns for Motilal Oswal Multicap 35 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 6.8% 3 Month -5.1% 6 Month -9.9% 1 Year 0.6% 3 Year 21.1% 5 Year 12.6% 10 Year 15 Year Since launch 15.6% 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 0.19 Yr. Swapnil Mayekar 18 Nov 25 0.37 Yr. Ajay Khandelwal 1 Oct 24 1.5 Yr. Ankit Agarwal 21 Jan 26 0.19 Yr. Rakesh Shetty 22 Nov 22 3.36 Yr. Atul Mehra 1 Oct 24 1.5 Yr. Data below for Motilal Oswal Multicap 35 Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 28.84% Industrials 18.01% Technology 17.88% Consumer Cyclical 16.17% Communication Services 6.1% Health Care 4% Energy 2.76% Asset Allocation
Asset Class Value Cash 6.24% Equity 93.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | KALYANKJIL7% ₹856 Cr 22,782,390 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Jan 25 | 5000937% ₹792 Cr 12,086,645
↓ -447,984 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 26 | BHARTIARTL6% ₹713 Cr 4,000,000
↑ 4,000,000 Coforge Ltd (Technology)
Equity, Since 31 May 23 | COFORGE6% ₹675 Cr 6,056,632
↓ -854,810 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | 5433205% ₹640 Cr 27,969,643
↓ -4,529,247 Persistent Systems Ltd (Technology)
Equity, Since 31 Mar 23 | PERSISTENT5% ₹627 Cr 1,284,719
↓ -228,122 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | ICICIBANK5% ₹588 Cr 4,872,470
↓ -510,360 Waaree Energies Ltd (Technology)
Equity, Since 28 Feb 26 | 5442774% ₹516 Cr 1,660,221
↑ 277,997 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 26 | HDFCBANK3% ₹398 Cr 5,436,855
↓ -2,056,899 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 21 | LT3% ₹396 Cr 1,129,002
↑ 129,002 5. ICICI Prudential Multicap Fund
ICICI Prudential Multicap Fund
Growth Launch Date 1 Oct 94 NAV (17 Apr 26) ₹816.53 ↑ 9.57 (1.19 %) Net Assets (Cr) ₹16,315 on 28 Feb 26 Category Equity - Multi Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.75 Sharpe Ratio 1.05 Information Ratio 0.21 Alpha Ratio 1.34 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 21 ₹10,000 31 Mar 22 ₹12,315 31 Mar 23 ₹12,706 31 Mar 24 ₹18,830 31 Mar 25 ₹20,530 31 Mar 26 ₹19,990 Returns for ICICI Prudential Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 8.7% 3 Month 3.1% 6 Month 1.8% 1 Year 9.1% 3 Year 21.1% 5 Year 18.2% 10 Year 15 Year Since launch 15% 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 0.5 Yr. Sharmila D’mello 31 Jul 22 3.67 Yr. Data below for ICICI Prudential Multicap Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Basic Materials 28.3% Industrials 21.43% Consumer Cyclical 15.82% Financial Services 15.43% Communication Services 5.06% Health Care 3.99% Real Estate 3.79% Energy 1.92% Technology 1.72% Consumer Defensive 0.7% Utility 0% Asset Allocation
Asset Class Value Cash 1.84% Equity 98.16% Top Securities Holdings / Portfolio
Name Holding Value Quantity Vedanta Ltd (Basic Materials)
Equity, Since 31 Aug 25 | 5002955% ₹743 Cr 11,352,245 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL3% ₹483 Cr 2,712,297
↓ -437,067 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Aug 25 | 5325383% ₹449 Cr 418,008
↑ 50,000 Jindal Steel Ltd (Basic Materials)
Equity, Since 31 Aug 25 | 5322863% ₹423 Cr 3,800,436 BSE Ltd (Financial Services)
Equity, Since 31 Aug 25 | BSE3% ₹414 Cr 1,543,998 InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 Aug 25 | INDIGO2% ₹321 Cr 813,428
↑ 100,687 ABB India Ltd (Industrials)
Equity, Since 31 Aug 25 | ABB2% ₹288 Cr 484,711 Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 30 Sep 25 | MCX2% ₹288 Cr 1,204,496 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | 5004932% ₹264 Cr 1,575,011 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Aug 25 | MOTHERSON2% ₹262 Cr 24,891,842 6. JM Multicap Fund
JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (17 Apr 26) ₹92.8856 ↑ 0.95 (1.04 %) Net Assets (Cr) ₹5,159 on 28 Feb 26 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 0.34 Information Ratio 0.42 Alpha Ratio -5.99 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 21 ₹10,000 31 Mar 22 ₹12,102 31 Mar 23 ₹12,709 31 Mar 24 ₹19,958 31 Mar 25 ₹21,420 31 Mar 26 ₹19,608 Returns for JM Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 5.6% 3 Month -2.4% 6 Month -6.6% 1 Year -0.8% 3 Year 19.1% 5 Year 17.3% 10 Year 15 Year Since launch 13.5% 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 4.62 Yr. Asit Bhandarkar 1 Oct 24 1.5 Yr. Ruchi Fozdar 4 Oct 24 1.49 Yr. Deepak Gupta 11 Apr 25 0.97 Yr. Data below for JM Multicap Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 30.79% Consumer Cyclical 17.92% Industrials 9.26% Technology 8.98% Basic Materials 8.81% Health Care 7.62% Energy 5.13% Consumer Defensive 4.73% Communication Services 2.52% Utility 1.63% Asset Allocation
Asset Class Value Cash 2.6% Equity 97.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK4% ₹195 Cr 1,415,062
↓ -592,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK4% ₹187 Cr 2,107,760
↓ -650,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹181 Cr 1,502,196
↓ -300,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT3% ₹154 Cr 360,668 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Oct 25 | DRREDDY3% ₹154 Cr 1,196,532 Godfrey Phillips India Ltd (Consumer Defensive)
Equity, Since 28 Feb 25 | GODFRYPHLP3% ₹148 Cr 700,000
↓ -28,802 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | MARUTI3% ₹141 Cr 95,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 25 | RELIANCE3% ₹139 Cr 1,000,000
↓ -300,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 26 | AXISBANK3% ₹131 Cr 945,000
↑ 345,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL3% ₹130 Cr 692,200
↓ -225,000 7. Bandhan Focused Equity Fund
Bandhan Focused Equity Fund
Growth Launch Date 16 Mar 06 NAV (17 Apr 26) ₹87.383 ↑ 1.10 (1.28 %) Net Assets (Cr) ₹2,018 on 28 Feb 26 Category Equity - Multi Cap AMC IDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 0.7 Information Ratio 0.27 Alpha Ratio -2.03 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 21 ₹10,000 31 Mar 22 ₹11,626 31 Mar 23 ₹11,077 31 Mar 24 ₹15,488 31 Mar 25 ₹17,273 31 Mar 26 ₹16,826 Returns for Bandhan Focused Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 7% 3 Month 0.6% 6 Month -1.5% 1 Year 7.9% 3 Year 18.9% 5 Year 14.3% 10 Year 15 Year Since launch 11.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 -1.6% 2023 30.3% 2022 31.3% 2021 -5% 2020 24.6% 2019 14.9% 2018 8.9% 2017 -12.7% 2016 54.4% 2015 1.8% Fund Manager information for Bandhan Focused Equity Fund
Name Since Tenure Manish Gunwani 2 Dec 24 1.33 Yr. Kirthi Jain 2 Dec 24 1.33 Yr. Ritika Behera 7 Oct 23 2.48 Yr. Gaurav Satra 7 Jun 24 1.82 Yr. Rahul Agarwal 2 Dec 24 1.33 Yr. Data below for Bandhan Focused Equity Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 34.37% Consumer Defensive 16.64% Health Care 15.7% Technology 6.19% Real Estate 5.65% Consumer Cyclical 4.85% Energy 3.79% Utility 2.75% Communication Services 2.27% Basic Materials 2.18% Industrials 1.75% Asset Allocation
Asset Class Value Cash 3.86% Equity 96.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 25 | 5328109% ₹159 Cr 4,188,959
↑ 38,236 LT Foods Ltd (Consumer Defensive)
Equity, Since 30 Jun 25 | 5327838% ₹143 Cr 3,935,069
↓ -120,192 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | HDFCBANK6% ₹100 Cr 1,364,469
↑ 61,741 State Bank of India (Financial Services)
Equity, Since 31 Jul 25 | SBIN5% ₹92 Cr 937,094
↓ -164,956 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 May 25 | CHOLAHLDNG5% ₹91 Cr 669,455
↑ 188,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹86 Cr 710,586 Jubilant Pharmova Ltd (Healthcare)
Equity, Since 31 Jul 25 | 5300195% ₹85 Cr 1,045,101
↑ 24,000 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Dec 24 | 5322965% ₹85 Cr 397,894 Tilaknagar Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 25 | TI4% ₹69 Cr 1,662,932 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 23 | RELIANCE4% ₹69 Cr 510,082
↑ 153,234 8. Aditya Birla Sun Life Equity Fund
Aditya Birla Sun Life Equity Fund
Growth Launch Date 27 Aug 98 NAV (17 Apr 26) ₹1,840.81 ↑ 16.50 (0.90 %) Net Assets (Cr) ₹25,207 on 28 Feb 26 Category Equity - Multi Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 1.28 Information Ratio 0.64 Alpha Ratio 2.94 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 Mar 21 ₹10,000 31 Mar 22 ₹12,128 31 Mar 23 ₹11,624 31 Mar 24 ₹15,961 31 Mar 25 ₹17,640 31 Mar 26 ₹17,716 Returns for Aditya Birla Sun Life Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 6.4% 3 Month -1.3% 6 Month -0.3% 1 Year 10.1% 3 Year 18.6% 5 Year 14.4% 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 2.41 Yr. Dhaval Joshi 21 Nov 22 3.36 Yr. Data below for Aditya Birla Sun Life Equity Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 30.46% Consumer Cyclical 14.07% Basic Materials 10.94% Industrials 10.45% Technology 9.43% Health Care 8.88% Consumer Defensive 7.34% Energy 4.57% Communication Services 2.4% Real Estate 0.5% Asset Allocation
Asset Class Value Cash 0.96% Equity 99.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹1,429 Cr 11,849,171 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK4% ₹878 Cr 12,000,000
↑ 944,204 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | KOTAKBANK4% ₹816 Cr 23,096,430 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY3% ₹771 Cr 6,161,817 Reliance Industries Ltd (Energy)
Equity, Since 31 May 19 | RELIANCE3% ₹767 Cr 5,706,067 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹617 Cr 6,300,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL2% ₹553 Cr 3,100,000
↑ 358,967 HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 11 | HCLTECH2% ₹551 Cr 4,103,703 Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO2% ₹498 Cr 5,628,825 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Jun 17 | 5004932% ₹483 Cr 2,883,624
↑ 58,200 9. Edelweiss Multi Cap Fund
Edelweiss Multi Cap Fund
Growth Launch Date 3 Feb 15 NAV (17 Apr 26) ₹38.162 ↑ 0.30 (0.78 %) Net Assets (Cr) ₹3,203 on 28 Feb 26 Category Equity - Multi Cap AMC Edelweiss Asset Management Limited Rating Risk High Expense Ratio 1.98 Sharpe Ratio 1.21 Information Ratio 0.6 Alpha Ratio 2.25 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 Mar 21 ₹10,000 31 Mar 22 ₹12,163 31 Mar 23 ₹12,131 31 Mar 24 ₹17,020 31 Mar 25 ₹18,653 31 Mar 26 ₹18,450 Returns for Edelweiss Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Apr 26 Duration Returns 1 Month 4.6% 3 Month -3.3% 6 Month -2.6% 1 Year 7.5% 3 Year 18.4% 5 Year 15.6% 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 3.8 Yr. Trideep Bhattacharya 1 Oct 21 4.5 Yr. Raj Koradia 1 Aug 24 1.67 Yr. Data below for Edelweiss Multi Cap Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 33.64% Consumer Cyclical 11.19% Industrials 10.56% Basic Materials 7.39% Technology 7.23% Health Care 6.56% Energy 6.09% Consumer Defensive 5.94% Utility 3.58% Communication Services 1.97% Real Estate 1.15% Asset Allocation
Asset Class Value Cash 4.71% Equity 95.29% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK5% ₹160 Cr 2,190,827 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK5% ₹147 Cr 1,217,695
↑ 92,888 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 17 | RELIANCE4% ₹107 Cr 794,855 NTPC Ltd (Utilities)
Equity, Since 31 Oct 22 | 5325554% ₹106 Cr 2,854,793 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 15 | LT3% ₹100 Cr 285,169
↑ 43,557 State Bank of India (Financial Services)
Equity, Since 31 Aug 18 | SBIN3% ₹91 Cr 926,234 Tata Steel Ltd (Basic Materials)
Equity, Since 31 May 25 | TATASTEEL3% ₹76 Cr 3,958,054 Infosys Ltd (Technology)
Equity, Since 30 Apr 18 | INFY2% ₹67 Cr 532,965 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL2% ₹58 Cr 326,273
↓ -48,957 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 19 | 5325382% ₹58 Cr 53,675
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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 .