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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 September 27, 2023 , 46351 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 ₹205.548
↑ 1.86
₹18,9741726.131.334.816.614.1
HDFC Equity Fund Growth ₹1,304.66
↑ 2.16
₹38,26610.41621.629.714.918.3
Mahindra Badhat Yojana Growth ₹24.6586
↑ 0.18
₹1,98815.522.7232917.31.6
Franklin India Equity Fund Growth ₹1,138.29
↑ 4.70
₹11,69911.817.518.726.913.15.3
Baroda Pioneer Multi Cap Fund Growth ₹196.569
↑ 1.28
₹1,87210.515.918.52614-3
ICICI Prudential Multicap Fund Growth ₹541.01
↑ 2.50
₹8,4221217.821.225.312.54.7
Principal Multi Cap Growth Fund Growth ₹268.992
↑ 1.24
₹2,06811.41613.725.112.7-1.6
Invesco India Multicap Fund Growth ₹90.06
↑ 0.28
₹2,69511.21718.723.811.8-2.2
Parag Parikh Long Term Equity Fund Growth ₹56.4604
↑ 0.12
₹39,8486.514.815.122.217.3-7.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 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 17.9% 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 (22 Aug 23) ₹205.548 ↑ 1.86   (0.91 %)
Net Assets (Cr) ₹18,974 on 31 Jul 23
Category Equity - Multi Cap
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 1.88
Sharpe Ratio 2.05
Information Ratio 1.33
Alpha Ratio 10.87
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 Aug 18₹10,000
31 Aug 19₹9,018
31 Aug 20₹8,523
31 Aug 21₹14,161
31 Aug 22₹16,495
31 Aug 23₹21,411

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 ₹458,689.
Net Profit of ₹158,689
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 22 Aug 23

DurationReturns
1 Month 4.3%
3 Month 17%
6 Month 26.1%
1 Year 31.3%
3 Year 34.8%
5 Year 16.6%
10 Year
15 Year
Since launch 17.9%
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 0518.43 Yr.
Ashutosh Bhargava1 Sep 212 Yr.
Kinjal Desai25 May 185.27 Yr.
Akshay Sharma1 Dec 220.75 Yr.

Data below for Nippon India Multi Cap Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services28.99%
Consumer Cyclical19.65%
Industrials18.85%
Health Care9.2%
Basic Materials6.18%
Communication Services4.24%
Utility4.14%
Technology3.19%
Consumer Defensive2.85%
Energy1.91%
Asset Allocation
Asset ClassValue
Cash0.62%
Equity99.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK
7%₹1,320 Cr8,400,448
↑ 830,000
Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | 523457
5%₹1,063 Cr1,695,598
↓ -48,684
EIH Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 31 Jul 14 | 500840
3%₹693 Cr27,847,078
↑ 2,977,160
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | 532215
3%₹584 Cr6,000,121
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
3%₹575 Cr6,000,000
↓ -1,000,000
Kennametal India Ltd (Industrials)
Equity, Since 31 Mar 13 | KENNAMET
3%₹571 Cr2,023,379
↓ -2,863
Vesuvius India Ltd (Industrials)
Equity, Since 30 Sep 17 | VESUVIUS
3%₹558 Cr1,626,602
↓ -30,123
HDFC Asset Management Co Ltd (Financial Services)
Equity, Since 31 Mar 23 | HDFCAMC
3%₹525 Cr2,080,747
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | 500850
3%₹505 Cr12,000,000
State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN
2%₹494 Cr8,800,000

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 18.5% 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 (22 Aug 23) ₹1,304.66 ↑ 2.16   (0.17 %)
Net Assets (Cr) ₹38,266 on 31 Jul 23
Category Equity - Multi Cap
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.7
Sharpe Ratio 1.47
Information Ratio 1.12
Alpha Ratio 7.34
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 Aug 18₹10,000
31 Aug 19₹9,342
31 Aug 20₹8,846
31 Aug 21₹13,908
31 Aug 22₹16,453
31 Aug 23₹19,676

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 22 Aug 23

DurationReturns
1 Month 1.5%
3 Month 10.4%
6 Month 16%
1 Year 21.6%
3 Year 29.7%
5 Year 14.9%
10 Year
15 Year
Since launch 18.5%
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 221.09 Yr.
Dhruv Muchhal22 Jun 230.19 Yr.

Data below for HDFC Equity Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services34.56%
Technology11.45%
Health Care11.07%
Industrials9.45%
Utility6.46%
Communication Services5.74%
Consumer Cyclical5.66%
Energy4.14%
Real Estate3.37%
Basic Materials0.27%
Asset Allocation
Asset ClassValue
Cash6.33%
Equity92.16%
Debt1.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK
9%₹3,614 Cr23,000,000
↑ 2,300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹3,576 Cr37,300,000
↑ 1,500,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Nov 16 | 532555
5%₹1,961 Cr89,000,000
↑ 500,000
Cipla Ltd Shs Dematerialised (Healthcare)
Equity, Since 30 Sep 12 | 500087
5%₹1,937 Cr15,400,000
↑ 400,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
5%₹1,909 Cr34,000,000
↑ 500,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
5%₹1,823 Cr15,550,000
↑ 550,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL
4%₹1,713 Cr20,000,000
↑ 875,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | M&M
4%₹1,686 Cr10,700,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Aug 20 | HAL
4%₹1,638 Cr4,200,000
Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY
4%₹1,579 Cr11,000,000
↓ -1,300,000

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 15.4% 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 (22 Aug 23) ₹24.6586 ↑ 0.18   (0.73 %)
Net Assets (Cr) ₹1,988 on 31 Jul 23
Category Equity - Multi Cap
AMC Mahindra Asset Management Company Pvt. Ltd.
Rating Not Rated
Risk Moderately High
Expense Ratio 2.29
Sharpe Ratio 1.3
Information Ratio 0.04
Alpha Ratio 2.76
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 Aug 18₹10,000
31 Aug 19₹9,279
31 Aug 20₹10,264
31 Aug 21₹17,450
31 Aug 22₹18,496
31 Aug 23₹22,401

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 ₹470,047.
Net Profit of ₹170,047
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 22 Aug 23

DurationReturns
1 Month 3.7%
3 Month 15.5%
6 Month 22.7%
1 Year 23%
3 Year 29%
5 Year 17.3%
10 Year
15 Year
Since launch 15.4%
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 202.7 Yr.
Fatema Pacha16 Oct 202.88 Yr.

Data below for Mahindra Badhat Yojana as on 31 Jul 23

Equity Sector Allocation
SectorValue
Industrials24.71%
Financial Services24.11%
Consumer Cyclical14.47%
Technology11.75%
Health Care5.2%
Energy4.98%
Basic Materials4.73%
Consumer Defensive2.92%
Utility1.45%
Communication Services1.23%
Real Estate1.21%
Asset Allocation
Asset ClassValue
Cash3.23%
Equity96.77%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | HDFCBANK
7%₹152 Cr968,400
Reliance Industries Ltd (Energy)
Equity, Since 28 Feb 23 | RELIANCE
4%₹85 Cr353,000
Tech Mahindra Ltd (Technology)
Equity, Since 31 Dec 21 | 532755
3%₹66 Cr551,000
Titagarh Rail Systems Ltd (Industrials)
Equity, Since 31 Mar 23 | 532966
3%₹64 Cr780,823
↓ -110,000
Birlasoft Ltd (Technology)
Equity, Since 30 Nov 22 | BSOFT
2%₹51 Cr1,006,991
Kajaria Ceramics Ltd (Industrials)
Equity, Since 31 May 23 | 500233
2%₹49 Cr335,680
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | ICICIBANK
2%₹48 Cr500,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Apr 23 | DIVISLAB
2%₹46 Cr127,500
↑ 30,000
Piramal Enterprises Ltd (Financial Services)
Equity, Since 31 Jul 23 | 500302
2%₹44 Cr417,924
Titan Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | TITAN
2%₹43 Cr140,000

4. 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 17.8% 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 (22 Aug 23) ₹1,138.29 ↑ 4.70   (0.41 %)
Net Assets (Cr) ₹11,699 on 31 Jul 23
Category Equity - Multi Cap
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 1.21
Information Ratio 0.73
Alpha Ratio 4.32
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 Aug 18₹10,000
31 Aug 19₹8,701
31 Aug 20₹8,980
31 Aug 21₹14,530
31 Aug 22₹15,771
31 Aug 23₹18,423

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 ₹426,080.
Net Profit of ₹126,080
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 22 Aug 23

DurationReturns
1 Month 2.3%
3 Month 11.8%
6 Month 17.5%
1 Year 18.7%
3 Year 26.9%
5 Year 13.1%
10 Year
15 Year
Since launch 17.8%
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 1112.59 Yr.
R. Janakiraman1 Feb 1112.59 Yr.
Sandeep Manam18 Oct 211.87 Yr.

Data below for Franklin India Equity Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services28.01%
Industrials12.64%
Consumer Cyclical12.18%
Technology9.58%
Consumer Defensive9.27%
Basic Materials6.48%
Utility4.44%
Communication Services4.37%
Energy3.61%
Health Care0.93%
Asset Allocation
Asset ClassValue
Cash8.5%
Equity91.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK
8%₹959 Cr10,000,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK
7%₹864 Cr5,500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT
6%₹649 Cr2,400,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹603 Cr4,200,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 532215
5%₹565 Cr5,800,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL
4%₹514 Cr6,000,000
United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 19 | MCDOWELL-N
3%₹357 Cr3,540,000
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
3%₹356 Cr6,350,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH
3%₹328 Cr2,800,000
Grasim Industries Ltd (Basic Materials)
Equity, Since 31 Jan 19 | GRASIM
3%₹308 Cr1,720,000

5. 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 16.1% 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 (22 Aug 23) ₹196.569 ↑ 1.28   (0.66 %)
Net Assets (Cr) ₹1,872 on 31 Jul 23
Category Equity - Multi Cap
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.37
Sharpe Ratio 1.31
Information Ratio -0.34
Alpha Ratio 2.14
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 Aug 18₹10,000
31 Aug 19₹9,025
31 Aug 20₹9,426
31 Aug 21₹15,582
31 Aug 22₹16,415
31 Aug 23₹19,178

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 22 Aug 23

DurationReturns
1 Month 1.1%
3 Month 10.5%
6 Month 15.9%
1 Year 18.5%
3 Year 26%
5 Year 14%
10 Year
15 Year
Since launch 16.1%
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 157.84 Yr.
Sandeep Jain14 Mar 221.47 Yr.

Data below for Baroda Pioneer Multi Cap Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services17.32%
Consumer Cyclical16.76%
Technology11.72%
Health Care11.11%
Basic Materials10.16%
Industrials9.9%
Consumer Defensive6.3%
Utility4.33%
Energy3.2%
Real Estate2.85%
Communication Services2.51%
Asset Allocation
Asset ClassValue
Cash3.84%
Equity96.16%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
4%₹83 Cr864,815
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK
4%₹70 Cr444,736
↑ 219,736
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE
3%₹60 Cr250,000
J.B. Chemicals & Pharmaceuticals Ltd Shs Dematerialised (Healthcare)
Equity, Since 30 Jun 21 | JBCHEPHARM
3%₹51 Cr184,084
↓ -25,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | 500850
3%₹51 Cr1,200,000
↑ 100,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jul 21 | INDUSINDBK
2%₹45 Cr325,000
↑ 30,000
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 543320
2%₹44 Cr4,500,000
Rainbow Childrens Medicare Ltd (Healthcare)
Equity, Since 30 Apr 22 | 543524
2%₹43 Cr403,345
↓ -40,000
CIE Automotive India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 23 | 532756
2%₹42 Cr804,188
Coforge Ltd (Technology)
Equity, Since 31 Jan 23 | COFORGE
2%₹40 Cr73,748

6. 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 14.8% 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 (22 Aug 23) ₹541.01 ↑ 2.50   (0.46 %)
Net Assets (Cr) ₹8,422 on 31 Jul 23
Category Equity - Multi Cap
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.95
Sharpe Ratio 1.49
Information Ratio -0.28
Alpha Ratio 4.13
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 Aug 18₹10,000
31 Aug 19₹8,970
31 Aug 20₹8,869
31 Aug 21₹14,130
31 Aug 22₹14,959
31 Aug 23₹17,878

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 22 Aug 23

DurationReturns
1 Month 1.8%
3 Month 12%
6 Month 17.8%
1 Year 21.2%
3 Year 25.3%
5 Year 12.5%
10 Year
15 Year
Since launch 14.8%
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 221.17 Yr.
Anand Sharma1 Jul 221.17 Yr.
Sharmila D’mello31 Jul 221.09 Yr.

Data below for ICICI Prudential Multicap Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services20.89%
Industrials14.8%
Consumer Cyclical13.1%
Energy10.46%
Communication Services7.58%
Health Care6.12%
Technology5.95%
Consumer Defensive5.92%
Utility4.86%
Basic Materials3.18%
Real Estate0.51%
Asset Allocation
Asset ClassValue
Cash5.5%
Equity94.28%
Debt0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
6%₹495 Cr5,161,681
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 22 | MARUTI
3%₹269 Cr269,004
↑ 92,548
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE
3%₹266 Cr1,105,577
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL
2%₹205 Cr2,396,743
↑ 73,497
Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY
2%₹204 Cr1,423,366
↓ -891,486
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 17 | SUNPHARMA
2%₹202 Cr1,814,883
NTPC Ltd (Utilities)
Equity, Since 31 Oct 22 | 532555
2%₹187 Cr8,504,099
↓ -1,500,000
Oil India Ltd (Energy)
Equity, Since 30 Sep 22 | OIL
2%₹184 Cr6,754,373
↑ 314,892
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK
2%₹184 Cr1,170,241
Cummins India Ltd (Industrials)
Equity, Since 31 Jan 22 | 500480
2%₹171 Cr1,000,004
↑ 533,154

7. 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 15.5% 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 (22 Aug 23) ₹268.992 ↑ 1.24   (0.46 %)
Net Assets (Cr) ₹2,068 on 31 Jul 23
Category Equity - Multi Cap
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.16
Sharpe Ratio 0.83
Information Ratio -0.76
Alpha Ratio -2.82
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 Aug 18₹10,000
31 Aug 19₹8,720
31 Aug 20₹9,063
31 Aug 21₹14,961
31 Aug 22₹16,160
31 Aug 23₹18,107

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 ₹415,684.
Net Profit of ₹115,684
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 22 Aug 23

DurationReturns
1 Month 1.8%
3 Month 11.4%
6 Month 16%
1 Year 13.7%
3 Year 25.1%
5 Year 12.7%
10 Year
15 Year
Since launch 15.5%
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 221.67 Yr.
Sudhir Kedia1 Jan 221.67 Yr.

Data below for Principal Multi Cap Growth Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services26.74%
Industrials16.9%
Consumer Cyclical12.16%
Basic Materials8.91%
Health Care8.51%
Technology5.64%
Consumer Defensive5.42%
Energy3.54%
Communication Services3.53%
Utility3.18%
Real Estate1.38%
Asset Allocation
Asset ClassValue
Cash4.07%
Equity95.93%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
6%₹118 Cr748,743
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
5%₹113 Cr1,174,228
State Bank of India (Financial Services)
Equity, Since 30 Nov 08 | SBIN
4%₹75 Cr1,332,380
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE
4%₹74 Cr308,999
KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB
3%₹57 Cr203,234
↑ 3,782
Polycab India Ltd (Industrials)
Equity, Since 31 Dec 20 | POLYCAB
3%₹54 Cr105,415
↓ -8,000
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 31 Mar 23 | 532555
3%₹54 Cr2,433,441
KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 20 | KEI
2%₹52 Cr190,288
↓ -15,000
Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY
2%₹49 Cr344,069
AAVAS Financiers Ltd (Financial Services)
Equity, Since 31 Dec 22 | AAVAS
2%₹47 Cr288,041

8. 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 15.3% since its launch.  Ranked 37 in Multi Cap category.  Return for 2022 was -2.2% , 2021 was 40.7% and 2020 was 18.8% .

Below is the key information for Invesco India Multicap Fund

Invesco India Multicap Fund
Growth
Launch Date 17 Mar 08
NAV (22 Aug 23) ₹90.06 ↑ 0.28   (0.31 %)
Net Assets (Cr) ₹2,695 on 31 Jul 23
Category Equity - Multi Cap
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.09
Sharpe Ratio 1.37
Information Ratio -0.73
Alpha Ratio 2.68
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 Aug 18₹10,000
31 Aug 19₹8,384
31 Aug 20₹8,902
31 Aug 21₹14,681
31 Aug 22₹14,801
31 Aug 23₹17,277

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 ₹405,518.
Net Profit of ₹105,518
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 22 Aug 23

DurationReturns
1 Month 1.2%
3 Month 11.2%
6 Month 17%
1 Year 18.7%
3 Year 23.8%
5 Year 11.8%
10 Year
15 Year
Since launch 15.3%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2013 11.2%
Fund Manager information for Invesco India Multicap Fund
NameSinceTenure
Amit Nigam3 Sep 202.99 Yr.
Pranav Gokhale29 Mar 185.43 Yr.

Data below for Invesco India Multicap Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services27.76%
Industrials20.05%
Consumer Cyclical18.27%
Technology9.59%
Basic Materials6.53%
Utility5.48%
Consumer Defensive5.15%
Health Care4.17%
Asset Allocation
Asset ClassValue
Cash3%
Equity97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
5%₹132 Cr1,374,026
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFCBANK
5%₹126 Cr803,240
Infosys Ltd (Technology)
Equity, Since 31 Mar 22 | INFY
5%₹125 Cr871,191
J.B. Chemicals & Pharmaceuticals Ltd Shs Dematerialised (Healthcare)
Equity, Since 30 Sep 20 | JBCHEPHARM
3%₹73 Cr264,410
Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | 532814
2%₹65 Cr1,713,818
The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | FEDERALBNK
2%₹61 Cr4,216,640
NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Jun 22 | 532555
2%₹60 Cr2,737,131
KEI Industries Ltd (Industrials)
Equity, Since 31 Dec 22 | KEI
2%₹59 Cr217,869
Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 30 Jun 21 | RATNAMANI
2%₹59 Cr222,536
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | CHOLAFIN
2%₹57 Cr511,569

9. 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 (22 Aug 23) ₹56.4604 ↑ 0.12   (0.21 %)
Net Assets (Cr) ₹39,848 on 31 Jul 23
Category Equity - Multi Cap
AMC PPFAS Asset Management Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 1.73
Sharpe Ratio 1.59
Information Ratio 0.03
Alpha Ratio 8.15
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 Aug 18₹10,000
31 Aug 19₹9,551
31 Aug 20₹12,038
31 Aug 21₹18,563
31 Aug 22₹18,694
31 Aug 23₹22,148

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 ₹470,047.
Net Profit of ₹170,047
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 22 Aug 23

DurationReturns
1 Month -0.2%
3 Month 6.5%
6 Month 14.8%
1 Year 15.1%
3 Year 22.2%
5 Year 17.3%
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 167.6 Yr.
Rajeev Thakkar24 May 1310.28 Yr.
Raunak Onkar24 May 1310.28 Yr.
Rukun Tarachandani16 May 221.3 Yr.

Data below for Parag Parikh Long Term Equity Fund as on 31 Jul 23

Equity Sector Allocation
SectorValue
Financial Services33.86%
Technology12.3%
Consumer Cyclical8.89%
Communication Services8.72%
Consumer Defensive6.68%
Energy5.22%
Utility4.92%
Health Care3.9%
Basic Materials1.95%
Asset Allocation
Asset ClassValue
Cash13.33%
Equity86.45%
Debt0.22%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK
8%₹3,266 Cr20,785,442
↑ 1,490,000
Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 31 Oct 16 | BAJAJHLDNG
7%₹2,820 Cr3,792,104
↑ 123,512
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 20 | ITC
7%₹2,669 Cr60,698,959
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | 532215
6%₹2,288 Cr23,499,955
↑ 575,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 14 | ICICIBANK
5%₹2,232 Cr23,284,043
↑ 1,118,145
Coal India Ltd (Energy)
Equity, Since 31 May 22 | COALINDIA
5%₹2,120 Cr92,160,093
↑ 5,384,694
HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 21 | HCLTECH
5%₹2,111 Cr18,010,620
Alphabet Inc Class A (Communication Services)
Equity, Since 31 May 21 | GOOGL
5%₹2,108 Cr1,869,987
Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Sep 21 | 532898
5%₹2,007 Cr82,068,995
↑ 1,250,000
Microsoft Corp (Technology)
Equity, Since 30 Apr 20 | MSFT
5%₹1,987 Cr732,274

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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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