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9 Best Diversified Multicap Mutual Funds to Invest in 2024

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Best Diversified Mutual Funds To Invest In 2024

Updated on April 10, 2024 , 47240 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 24 - 25

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
Nippon India Multi Cap Fund Growth ₹253.295
↓ -2.13
₹26,809819.852.432.720.638.1
JM Multicap Fund Growth ₹87.952
↓ -0.79
₹1,6579.926.659.32923.140
HDFC Equity Fund Growth ₹1,630.37
↓ -14.76
₹49,6576.521.942.528.719.230.6
Mahindra Badhat Yojana Growth ₹30.8346
↓ -0.18
₹3,0375.421.750.726.823.434.2
ICICI Prudential Multicap Fund Growth ₹692.34
↓ -4.26
₹11,1807.622.750.22618.535.4
Baroda Pioneer Multi Cap Fund Growth ₹250.203
↓ -1.25
₹2,2478.624.147.525.420.630.8
Franklin India Equity Fund Growth ₹1,428.61
↓ -11.42
₹14,4716.120.24524.518.830.8
Principal Multi Cap Growth Fund Growth ₹327.262
↓ -1.00
₹2,3913.716.940.523.31831.1
Invesco India Multicap Fund Growth ₹111.86
↓ -0.47
₹3,1455.418.544.322.81931.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Apr 24
*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 18.5% since its launch.  Ranked 63 in Multi Cap category.  Return for 2023 was 38.1% , 2022 was 14.1% and 2021 was 48.9% .

Below is the key information for Nippon India Multi Cap Fund

Nippon India Multi Cap Fund
Growth
Launch Date 28 Mar 05
NAV (12 Apr 24) ₹253.295 ↓ -2.13   (-0.83 %)
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.

DateValue
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

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 ₹505,644.
Net Profit of ₹205,644
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 12 Apr 24

DurationReturns
1 Month 4.9%
3 Month 8%
6 Month 19.8%
1 Year 52.4%
3 Year 32.7%
5 Year 20.6%
10 Year
15 Year
Since launch 18.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sailesh Raj Bhan31 Mar 0519.02 Yr.
Ashutosh Bhargava1 Sep 212.58 Yr.
Kinjal Desai25 May 185.86 Yr.

Data below for Nippon India Multi Cap Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services28.54%
Consumer Cyclical20.79%
Industrials18.52%
Health Care7.88%
Utility4.81%
Basic Materials4.18%
Technology4.05%
Communication Services3.79%
Consumer Defensive3.72%
Energy2.94%
Asset Allocation
Asset ClassValue
Cash0.77%
Equity99.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK
5%₹1,474 Cr10,500,448
↑ 1,000,000
EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | 500840
4%₹1,077 Cr26,658,371
↓ -1,268,613
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹1,021 Cr9,699,315
Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 523457
3%₹882 Cr1,638,368
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 532215
3%₹860 Cr8,000,121
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE
3%₹789 Cr2,700,000
↑ 700,000
State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN
3%₹748 Cr10,000,000
↑ 1,200,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | 500850
3%₹704 Cr12,000,000
Max Financial Services Ltd (Financial Services)
Equity, Since 31 Mar 12 | 500271
3%₹679 Cr7,000,000
↑ 1,400,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT
2%₹661 Cr1,900,292

2. JM Multicap Fund

(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 CAGR/Annualized return of 15% since its launch.  Ranked 16 in Multi Cap category.  Return for 2023 was 40% , 2022 was 7.8% and 2021 was 32.9% .

Below is the key information for JM Multicap Fund

JM Multicap Fund
Growth
Launch Date 23 Sep 08
NAV (12 Apr 24) ₹87.952 ↓ -0.79   (-0.90 %)
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.

DateValue
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

JM 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 ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for JM 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 12 Apr 24

DurationReturns
1 Month 3.4%
3 Month 9.9%
6 Month 26.6%
1 Year 59.3%
3 Year 29%
5 Year 23.1%
10 Year
15 Year
Since launch 15%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Satish Ramanathan20 Aug 212.61 Yr.
Gurvinder Wasan1 Dec 221.33 Yr.
Chaitanya Choksi31 Dec 212.25 Yr.

Data below for JM Multicap Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services21.45%
Consumer Cyclical17.36%
Industrials16.76%
Technology11.93%
Utility7.29%
Health Care6.5%
Basic Materials5.84%
Real Estate3.59%
Energy2.65%
Consumer Defensive2.33%
Communication Services1.13%
Asset Allocation
Asset ClassValue
Cash3.17%
Equity96.83%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK
6%₹96 Cr680,500
↑ 375,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
4%₹73 Cr210,731
↑ 48,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 20 | INFY
4%₹71 Cr425,250
↑ 123,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹63 Cr848,700
↓ -47,000
Bank of Baroda (Financial Services)
Equity, Since 31 Aug 22 | 532134
4%₹62 Cr2,343,947
↓ -600,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK
3%₹58 Cr550,800
↑ 77,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | M&M
3%₹53 Cr275,000
↑ 275,000
NTPC Ltd (Utilities)
Equity, Since 30 Nov 23 | 532555
3%₹53 Cr1,570,000
↑ 125,000
Housing & Urban Development Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | 540530
3%₹45 Cr2,373,484
↑ 2,373,484
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 24 | 500312
3%₹44 Cr1,660,658
↑ 575,000

3. 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 19% since its launch.  Ranked 34 in Multi Cap category.  Return for 2023 was 30.6% , 2022 was 18.3% and 2021 was 36.2% .

Below is the key information for HDFC Equity Fund

HDFC Equity Fund
Growth
Launch Date 1 Jan 95
NAV (12 Apr 24) ₹1,630.37 ↓ -14.76   (-0.90 %)
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.

DateValue
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

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 ₹493,520.
Net Profit of ₹193,520
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 12 Apr 24

DurationReturns
1 Month 1.5%
3 Month 6.5%
6 Month 21.9%
1 Year 42.5%
3 Year 28.7%
5 Year 19.2%
10 Year
15 Year
Since launch 19%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Roshi Jain29 Jul 221.68 Yr.
Dhruv Muchhal22 Jun 230.78 Yr.

Data below for HDFC Equity Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services37.43%
Health Care12.49%
Technology9.02%
Industrials8.86%
Consumer Cyclical6.92%
Communication Services4.6%
Utility4.09%
Real Estate3.41%
Energy1.57%
Consumer Defensive0.68%
Basic Materials0.18%
Asset Allocation
Asset ClassValue
Cash8.29%
Equity89.26%
Debt2.45%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹4,630 Cr44,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
9%₹4,589 Cr32,700,000
↑ 2,500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | 532215
6%₹3,010 Cr28,000,000
↑ 8,000,000
Cipla Ltd (Healthcare)
Equity, Since 30 Sep 12 | 500087
6%₹2,813 Cr19,000,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 20 | HAL
5%₹2,529 Cr8,200,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
5%₹2,469 Cr33,000,000
↓ -3,000,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
5%₹2,462 Cr14,800,000
↓ -400,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE
4%₹2,174 Cr14,000,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL
4%₹2,022 Cr18,000,000
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 22 | APOLLOHOSP
4%₹1,965 Cr3,220,373
↑ 13,207

4. 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 17.7% since its launch.  Return for 2023 was 34.2% , 2022 was 1.6% and 2021 was 50.8% .

Below is the key information for Mahindra Badhat Yojana

Mahindra Badhat Yojana
Growth
Launch Date 11 May 17
NAV (12 Apr 24) ₹30.8346 ↓ -0.18   (-0.59 %)
Net Assets (Cr) ₹3,037 on 29 Feb 24
Category Equity - Multi Cap
AMC Mahindra Asset Management Company Pvt. Ltd.
Rating Not Rated
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.

DateValue
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

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 ₹543,623.
Net Profit of ₹243,623
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 12 Apr 24

DurationReturns
1 Month 2.8%
3 Month 5.4%
6 Month 21.7%
1 Year 50.7%
3 Year 26.8%
5 Year 23.4%
10 Year
15 Year
Since launch 17.7%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Manish Lodha21 Dec 203.28 Yr.
Fatema Pacha16 Oct 203.46 Yr.

Data below for Mahindra Badhat Yojana as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services17.45%
Industrials17.13%
Technology14.9%
Basic Materials11.74%
Consumer Cyclical11.46%
Energy9.77%
Health Care5.99%
Utility5.66%
Consumer Defensive2.48%
Communication Services0.02%
Asset Allocation
Asset ClassValue
Cash3.33%
Equity96.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Canara Bank (Financial Services)
Equity, Since 30 Sep 23 | 532483
5%₹137 Cr2,425,000
↑ 300,000
Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | COALINDIA
4%₹135 Cr3,080,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 23 | TCS
4%₹121 Cr295,643
↑ 107,500
Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Dec 23 | HINDPETRO
4%₹116 Cr2,270,000
↑ 380,000
NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | 532555
3%₹86 Cr2,570,000
Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 23 | 500400
3%₹86 Cr2,300,000
↑ 300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 23 | LT
3%₹80 Cr229,988
Tata Motors Ltd Class A (Consumer Cyclical)
Equity, Since 31 Dec 23 | TATAMTRDVR
3%₹76 Cr1,202,947
↑ 240,000
Wipro Ltd (Technology)
Equity, Since 31 Dec 23 | 507685
2%₹64 Cr1,230,000
↑ 330,000
IRCON International Ltd (Industrials)
Equity, Since 31 Jan 24 | IRCON
2%₹62 Cr2,700,000

5. 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 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% .

Below is the key information for ICICI Prudential Multicap Fund

ICICI Prudential Multicap Fund
Growth
Launch Date 1 Oct 94
NAV (12 Apr 24) ₹692.34 ↓ -4.26   (-0.61 %)
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.

DateValue
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

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 ₹481,656.
Net Profit of ₹181,656
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 12 Apr 24

DurationReturns
1 Month 3.6%
3 Month 7.6%
6 Month 22.7%
1 Year 50.2%
3 Year 26%
5 Year 18.5%
10 Year
15 Year
Since launch 15.4%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sankaran Naren1 Jul 221.75 Yr.
Anand Sharma1 Jul 221.75 Yr.
Sharmila D’mello31 Jul 221.67 Yr.

Data below for ICICI Prudential Multicap Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services20.45%
Industrials14.39%
Consumer Cyclical12.91%
Communication Services8.35%
Health Care7.66%
Energy7.3%
Basic Materials6.55%
Consumer Defensive5.9%
Technology4.95%
Utility2.98%
Real Estate1.31%
Asset Allocation
Asset ClassValue
Cash6.89%
Equity93.11%
Debt0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
6%₹678 Cr6,444,150
↓ -717,500
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL
4%₹432 Cr3,841,649
↑ 1,968,532
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE
3%₹377 Cr1,291,764
↓ -135,250
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 17 | SUNPHARMA
3%₹329 Cr2,083,182
↓ -350,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 19 | LT
3%₹289 Cr829,693
↑ 192,305
Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY
3%₹282 Cr1,682,527
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | MARUTI
2%₹272 Cr240,929
↓ -45,000
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Jul 20 | 540376
2%₹232 Cr590,785
↑ 171,257
Cummins India Ltd (Industrials)
Equity, Since 31 Jan 22 | 500480
2%₹227 Cr827,830
↓ -330,803
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK
2%₹225 Cr1,605,200

6. 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 16.9% since its launch.  Ranked 37 in Multi Cap category.  Return for 2023 was 30.8% , 2022 was -3% and 2021 was 47.9% .

Below is the key information for Baroda Pioneer Multi Cap Fund

Baroda Pioneer Multi Cap Fund
Growth
Launch Date 12 Sep 03
NAV (12 Apr 24) ₹250.203 ↓ -1.25   (-0.50 %)
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.

DateValue
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

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 ₹505,644.
Net Profit of ₹205,644
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 12 Apr 24

DurationReturns
1 Month 5.6%
3 Month 8.6%
6 Month 24.1%
1 Year 47.5%
3 Year 25.4%
5 Year 20.6%
10 Year
15 Year
Since launch 16.9%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sanjay Chawla1 Nov 158.42 Yr.
Sandeep Jain14 Mar 222.05 Yr.

Data below for Baroda Pioneer Multi Cap Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services25.14%
Consumer Cyclical15.96%
Technology13.11%
Industrials9.79%
Health Care8.73%
Basic Materials7.37%
Energy5.97%
Consumer Defensive4.36%
Real Estate3.71%
Utility2.35%
Communication Services1.22%
Asset Allocation
Asset ClassValue
Cash1.16%
Equity98.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
4%₹84 Cr799,815
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE
3%₹74 Cr252,500
↓ -22,500
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 543320
3%₹69 Cr4,173,000
↓ -827,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK
3%₹63 Cr449,736
↓ -50,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 21 | LT
2%₹55 Cr158,897
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA
2%₹54 Cr340,000
NHPC Ltd (Utilities)
Equity, Since 31 May 22 | NHPC
2%₹53 Cr6,000,000
↓ -100,000
Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 532814
2%₹51 Cr968,910
Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Aug 22 | POWERINDIA
2%₹50 Cr83,988
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | TATAMOTORS
2%₹49 Cr515,000
↓ -65,000

7. 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 18.3% since its launch.  Ranked 50 in Multi Cap category.  Return for 2023 was 30.8% , 2022 was 5.3% and 2021 was 40.3% .

Below is the key information for Franklin India Equity Fund

Franklin India Equity Fund
Growth
Launch Date 29 Sep 94
NAV (12 Apr 24) ₹1,428.61 ↓ -11.42   (-0.79 %)
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.

DateValue
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

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 ₹481,656.
Net Profit of ₹181,656
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 12 Apr 24

DurationReturns
1 Month 2.6%
3 Month 6.1%
6 Month 20.2%
1 Year 45%
3 Year 24.5%
5 Year 18.8%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
R. Janakiraman1 Feb 1113.17 Yr.
Sandeep Manam18 Oct 212.45 Yr.
Rajasa Kakulavarapu1 Dec 230.33 Yr.

Data below for Franklin India Equity Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services26.4%
Industrials14.14%
Consumer Cyclical11.91%
Technology10.51%
Consumer Defensive7.26%
Basic Materials5.93%
Utility5.67%
Communication Services4.66%
Energy4.63%
Health Care2.75%
Asset Allocation
Asset ClassValue
Cash6.14%
Equity93.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
8%₹1,105 Cr10,500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK
7%₹954 Cr6,800,000
↑ 800,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹775 Cr4,627,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT
5%₹767 Cr2,206,575
↓ -93,425
Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL
5%₹674 Cr6,000,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 532215
4%₹597 Cr5,552,750
↓ -247,250
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹573 Cr7,663,341
↑ 1,163,341
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH
4%₹540 Cr3,243,000
NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | 532555
3%₹463 Cr13,791,570
↑ 673,570
Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE
3%₹435 Cr1,487,988
↑ 337,988

8. 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 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% .

Below is the key information for Principal Multi Cap Growth Fund

Principal Multi Cap Growth Fund
Growth
Launch Date 25 Oct 00
NAV (12 Apr 24) ₹327.262 ↓ -1.00   (-0.31 %)
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.

DateValue
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

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 ₹470,047.
Net Profit of ₹170,047
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 12 Apr 24

DurationReturns
1 Month 3.1%
3 Month 3.7%
6 Month 16.9%
1 Year 40.5%
3 Year 23.3%
5 Year 18%
10 Year
15 Year
Since launch 16%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Ratish Varier1 Jan 222.25 Yr.
Sudhir Kedia1 Jan 222.25 Yr.

Data below for Principal Multi Cap Growth Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services26.76%
Industrials16.27%
Consumer Cyclical14%
Technology7.41%
Health Care6.76%
Consumer Defensive5.38%
Energy5.07%
Basic Materials4.5%
Communication Services4.16%
Utility2.74%
Real Estate2.05%
Asset Allocation
Asset ClassValue
Cash4.88%
Equity95.11%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE
5%₹121 Cr415,206
↑ 12,207
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
4%₹106 Cr1,002,964
↓ -96,945
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
4%₹96 Cr682,220
↑ 33,477
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | 532810
3%₹80 Cr2,005,945
↑ 229,444
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | 532215
3%₹79 Cr734,102
↑ 11,087
KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB
3%₹69 Cr189,783
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Jul 23 | SUNPHARMA
3%₹66 Cr421,000
NTPC Ltd (Utilities)
Equity, Since 31 Mar 23 | 532555
3%₹66 Cr1,955,077
↓ -250,000
Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 532814
3%₹62 Cr1,176,997
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
2%₹58 Cr344,063

9. Invesco India Multicap Fund

(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 CAGR/Annualized return of 16.2% since its launch.  Ranked 37 in Multi Cap category.  Return for 2023 was 31.8% , 2022 was -2.2% and 2021 was 40.7% .

Below is the key information for Invesco India Multicap Fund

Invesco India Multicap Fund
Growth
Launch Date 17 Mar 08
NAV (12 Apr 24) ₹111.86 ↓ -0.47   (-0.42 %)
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.

DateValue
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

Invesco India 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 ₹481,656.
Net Profit of ₹181,656
Invest Now

Returns for Invesco India 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 12 Apr 24

DurationReturns
1 Month 4.5%
3 Month 5.4%
6 Month 18.5%
1 Year 44.3%
3 Year 22.8%
5 Year 19%
10 Year
15 Year
Since launch 16.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Amit Nigam3 Sep 203.58 Yr.
Dhimant Kothari1 Dec 230.33 Yr.

Data below for Invesco India Multicap Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services28.21%
Industrials15.12%
Consumer Cyclical13.55%
Health Care8.71%
Basic Materials7.79%
Consumer Defensive6.86%
Utility5.9%
Technology5.25%
Energy4.19%
Real Estate1.11%
Asset Allocation
Asset ClassValue
Cash3.31%
Equity96.69%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
5%₹144 Cr1,370,020
↑ 134,676
Infosys Ltd (Technology)
Equity, Since 31 Mar 22 | INFY
3%₹93 Cr554,326
↓ -69,506
NTPC Ltd (Utilities)
Equity, Since 30 Jun 22 | 532555
3%₹92 Cr2,737,131
Anand Rathi Wealth Ltd (Financial Services)
Equity, Since 31 Mar 22 | 543415
3%₹85 Cr233,796
Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | 532814
2%₹75 Cr1,426,985
J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Sep 20 | JBCHEPHARM
2%₹71 Cr456,016
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | CHOLAFIN
2%₹63 Cr578,528
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 24 | RELIANCE
2%₹63 Cr215,269
↑ 67,013
NHPC Ltd (Utilities)
Equity, Since 30 Nov 22 | NHPC
2%₹62 Cr7,035,486
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 23 | LT
2%₹62 Cr177,827

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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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