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Diversified Funds, also known as multi cap funds are a class of Equity Funds. Investors with a high-risk appetite who wish to take an exposure in equities usually incline towards Investing in diversified funds. As, diversified funds invest across Market caps such as – large cap, mid cap & small cap.
Multi cap, flexi cap or diversified schemes are supposed to invest across stocks in different market capitalisation based on the view of the fund manager. The allocation to each market cap varies from scheme to scheme. Some schemes have a fixed proportion and some change it dynamically depending on the market conditions.
These Mutual Funds adopt a Value investing strategy where they purchase the stocks of companies that are relatively lower in comparison to their past performance, Book Value, Earnings, and other value parameters.
By investing in the Best Diversified Equity Funds, investors can earn slightly more stable returns, however, they would still be affected by the Volatility of equities during a turbulent market condition. Diversified funds are good for investors who are not willing to take much risk to invest in small stocks, but nevertheless wants a kick of extra high return from emerging stocks. One should invest in diversified equity funds in case person has low to moderate risk profile.
To make the process of selecting a good diversified equity fund easy, we have listed essential parameters, along with some pre-selected top & best diversified equity funds – that investors can take into account during their investing journey.
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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) JM Multicap Fund Growth ₹107.241
↑ 1.52 ₹3,216 16.7 33.1 64.8 32 27.8 40 Nippon India Multi Cap Fund Growth ₹293.588
↑ 4.27 ₹34,943 11.2 25.6 46.4 31.2 25.4 38.1 HDFC Equity Fund Growth ₹1,861.13
↑ 26.26 ₹59,123 10.9 21.6 41.9 26.8 22.9 30.6 Mahindra Badhat Yojana Growth ₹35.3304
↑ 0.56 ₹3,670 10.9 18.2 44.9 23.2 27 34.2 ICICI Prudential Multicap Fund Growth ₹787.22
↑ 9.12 ₹13,025 11.7 21.8 46 22.9 22.1 35.4 Franklin India Equity Fund Growth ₹1,620.96
↑ 21.15 ₹16,677 10.9 19.8 43 22.8 23.3 30.8 Baroda Pioneer Multi Cap Fund Growth ₹282.885
↑ 4.11 ₹2,610 9.9 23.1 43.5 22.3 24.2 30.8 Edelweiss Multi Cap Fund Growth ₹37.966
↑ 0.67 ₹2,139 12.6 22.7 42.5 20.6 21.6 29.3 Principal Multi Cap Growth Fund Growth ₹375.579
↑ 5.59 ₹2,725 11.9 17.8 39.9 20.5 22.3 31.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Jul 24 multicap
mutual funds with AUM/Net Assets > 500 Crore
, sorted on 3 Year CAGR Returns
.
(Erstwhile JM Multi Strategy Fund) The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies. JM Multicap Fund is a Equity - Multi Cap fund was launched on 23 Sep 08. It is a fund with Moderately High risk and has given a Below is the key information for JM Multicap Fund Returns up to 1 year are on (Erstwhile Reliance Equity Opportunities Fund) The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. Nippon India Multi Cap Fund is a Equity - Multi Cap fund was launched on 28 Mar 05. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Multi Cap Fund Returns up to 1 year are on Aims at providing capital appreciation through investments predominantly in equity oriented securities HDFC Equity Fund is a Equity - Multi Cap fund was launched on 1 Jan 95. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Equity Fund Returns up to 1 year are on The investment objective of the Scheme is to provide medium to long term capital appreciation through appropriate diversification and taking low risk on business quality. The diversified portfolio would predominantly consist of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved. Mahindra Badhat Yojana is a Equity - Multi Cap fund was launched on 11 May 17. It is a fund with Moderately High risk and has given a Below is the key information for Mahindra Badhat Yojana Returns up to 1 year are on To generate capital appreciation through investments in equity and equity related securities in core sectors and associated feeder industries. ICICI Prudential Multicap Fund is a Equity - Multi Cap fund was launched on 1 Oct 94. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Multicap Fund Returns up to 1 year are on (Erstwhile Franklin India Prima Plus) The investment objective of Prima Plus is to provide growth of capital plus regular dividend through a diversified portfolio of equities, fixed income securities and money market instruments. Franklin India Equity Fund is a Equity - Multi Cap fund was launched on 29 Sep 94. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Equity Fund Returns up to 1 year are on (Erstwhile Baroda Pioneer Growth Fund) To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments. Baroda Pioneer Multi Cap Fund is a Equity - Multi Cap fund was launched on 12 Sep 03. It is a fund with Moderately High risk and has given a Below is the key information for Baroda Pioneer Multi Cap Fund Returns up to 1 year are on (Erstwhile 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. Edelweiss Multi Cap Fund is a Equity - Multi Cap fund was launched on 3 Feb 15. It is a fund with High risk and has given a Below is the key information for Edelweiss Multi Cap Fund Returns up to 1 year are on (Erstwhile Principal Growth Fund) The primary investment objective of the scheme is to achieve long-term capital appreciation. Principal Multi Cap Growth Fund is a Equity - Multi Cap fund was launched on 25 Oct 00. It is a fund with Moderately High risk and has given a Below is the key information for Principal Multi Cap Growth Fund Returns up to 1 year are on 1. JM Multicap Fund
CAGR/Annualized
return of 16.1% since its launch. Ranked 16 in Multi Cap
category. Return for 2023 was 40% , 2022 was 7.8% and 2021 was 32.9% . JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (26 Jul 24) ₹107.241 ↑ 1.52 (1.44 %) Net Assets (Cr) ₹3,216 on 30 Jun 24 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio 3.68 Information Ratio 2.23 Alpha Ratio 20.2 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 30 Jun 19 ₹10,000 30 Jun 20 ₹9,452 30 Jun 21 ₹14,385 30 Jun 22 ₹15,018 30 Jun 23 ₹19,854 30 Jun 24 ₹32,602 Returns for JM Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 3.7% 3 Month 16.7% 6 Month 33.1% 1 Year 64.8% 3 Year 32% 5 Year 27.8% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 40% 2022 7.8% 2021 32.9% 2020 11.4% 2019 16.6% 2018 -5.4% 2017 39.5% 2016 10.5% 2015 -2.8% 2014 56% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 2.87 Yr. Gurvinder Wasan 1 Dec 22 1.58 Yr. Chaitanya Choksi 31 Dec 21 2.5 Yr. Data below for JM Multicap Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Industrials 22.9% Financial Services 22.11% Consumer Cyclical 14.84% Basic Materials 12.91% Technology 6.75% Health Care 5.16% Communication Services 3.64% Energy 3.61% Consumer Defensive 2.7% Utility 1.87% Real Estate 1.5% Asset Allocation
Asset Class Value Cash 2.02% Equity 97.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK5% ₹175 Cr 1,040,500
↑ 540,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK3% ₹106 Cr 880,800
↑ 55,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹91 Cr 1,075,000
↑ 75,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 20 | INFY3% ₹89 Cr 567,750
↑ 300,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 29 Feb 24 | M&M3% ₹86 Cr 300,000
↑ 25,000 Blue Star Ltd (Industrials)
Equity, Since 31 Jan 23 | BLUESTARCO3% ₹85 Cr 518,881
↑ 77,500 Texmaco Rail & Engineering Ltd (Industrials)
Equity, Since 30 Jun 24 | TEXRAIL2% ₹79 Cr 3,168,573
↑ 3,168,573 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT2% ₹78 Cr 220,231
↑ 17,500 Grasim Industries Ltd (Basic Materials)
Equity, Since 30 Apr 24 | GRASIM2% ₹77 Cr 289,000
↑ 50,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL2% ₹74 Cr 515,000
↑ 50,000 2. Nippon India Multi Cap Fund
CAGR/Annualized
return of 19% since its launch. Ranked 63 in Multi Cap
category. Return for 2023 was 38.1% , 2022 was 14.1% and 2021 was 48.9% . Nippon India Multi Cap Fund
Growth Launch Date 28 Mar 05 NAV (26 Jul 24) ₹293.588 ↑ 4.27 (1.47 %) Net Assets (Cr) ₹34,943 on 30 Jun 24 Category Equity - Multi Cap AMC Nippon Life Asset Management Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 1.88 Sharpe Ratio 3.37 Information Ratio 1.77 Alpha Ratio 10.98 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 30 Jun 19 ₹10,000 30 Jun 20 ₹7,217 30 Jun 21 ₹12,407 30 Jun 22 ₹13,724 30 Jun 23 ₹18,882 30 Jun 24 ₹28,400 Returns for Nippon India Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 1% 3 Month 11.2% 6 Month 25.6% 1 Year 46.4% 3 Year 31.2% 5 Year 25.4% 10 Year 15 Year Since launch 19% Historical performance (Yearly) on absolute basis
Year Returns 2023 38.1% 2022 14.1% 2021 48.9% 2020 0% 2019 2.2% 2018 -2.2% 2017 40.9% 2016 -6.7% 2015 0.5% 2014 59.7% Fund Manager information for Nippon India Multi Cap Fund
Name Since Tenure Sailesh Raj Bhan 31 Mar 05 19.27 Yr. Ashutosh Bhargava 1 Sep 21 2.83 Yr. Kinjal Desai 25 May 18 6.11 Yr. Data below for Nippon India Multi Cap Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 27.58% Industrials 20.77% Consumer Cyclical 20.34% Health Care 6.29% Utility 5.1% Basic Materials 4.9% Technology 3.93% Energy 3.58% Consumer Defensive 3.53% Communication Services 2.9% Asset Allocation
Asset Class Value Cash 0.92% Equity 99.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 10 | HDFCBANK7% ₹2,273 Cr 13,500,448
↑ 1,000,000 Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | LINDEINDIA4% ₹1,265 Cr 1,524,539
↓ -113,829 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE4% ₹1,252 Cr 4,000,000
↑ 500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹1,224 Cr 10,200,315 EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | EIHOTEL3% ₹1,055 Cr 24,581,810 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | AXISBANK3% ₹1,050 Cr 8,300,121 GE T&D India Ltd (Industrials)
Equity, Since 31 May 12 | GET&D3% ₹961 Cr 6,444,862
↓ -37,484 NTPC Ltd (Utilities)
Equity, Since 30 Jun 23 | NTPC2% ₹870 Cr 23,000,000
↑ 4,500,000 Vesuvius India Ltd (Industrials)
Equity, Since 30 Sep 17 | VESUVIUS2% ₹809 Cr 1,606,865
↓ -5,700 State Bank of India (Financial Services)
Equity, Since 31 Mar 05 | SBIN2% ₹781 Cr 9,200,000 3. HDFC Equity Fund
CAGR/Annualized
return of 19.3% since its launch. Ranked 34 in Multi Cap
category. Return for 2023 was 30.6% , 2022 was 18.3% and 2021 was 36.2% . HDFC Equity Fund
Growth Launch Date 1 Jan 95 NAV (26 Jul 24) ₹1,861.13 ↑ 26.26 (1.43 %) Net Assets (Cr) ₹59,123 on 30 Jun 24 Category Equity - Multi Cap AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.7 Sharpe Ratio 2.94 Information Ratio 1.37 Alpha Ratio 6.57 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹7,632 30 Jun 21 ₹12,669 30 Jun 22 ₹13,699 30 Jun 23 ₹17,923 30 Jun 24 ₹25,765 Returns for HDFC Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 1.7% 3 Month 10.9% 6 Month 21.6% 1 Year 41.9% 3 Year 26.8% 5 Year 22.9% 10 Year 15 Year Since launch 19.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.6% 2022 18.3% 2021 36.2% 2020 6.4% 2019 6.8% 2018 -3.5% 2017 36.9% 2016 7.3% 2015 -5.1% 2014 53.8% Fund Manager information for HDFC Equity Fund
Name Since Tenure Roshi Jain 29 Jul 22 1.93 Yr. Dhruv Muchhal 22 Jun 23 1.03 Yr. Data below for HDFC Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 39.2% Health Care 12.81% Technology 9.98% Consumer Cyclical 9.72% Communication Services 4.85% Industrials 4.8% Real Estate 3.59% Utility 1.87% Consumer Defensive 1.05% Energy 0.66% Basic Materials 0.18% Asset Allocation
Asset Class Value Cash 8.96% Equity 88.72% Debt 2.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK10% ₹5,809 Cr 34,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹5,758 Cr 48,000,000
↑ 3,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 17 | AXISBANK8% ₹4,808 Cr 38,000,000
↑ 1,000,000 Cipla Ltd (Healthcare)
Equity, Since 30 Sep 12 | CIPLA5% ₹2,843 Cr 19,200,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | 5322814% ₹2,627 Cr 18,000,000
↑ 800,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL4% ₹2,599 Cr 18,000,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Oct 23 | KOTAKBANK4% ₹2,524 Cr 14,000,000
↑ 400,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE4% ₹2,387 Cr 16,000,000
↑ 500,000 Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY3% ₹1,927 Cr 12,300,000
↑ 300,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN3% ₹1,698 Cr 20,000,000
↓ -3,000,000 4. Mahindra Badhat Yojana
CAGR/Annualized
return of 18.9% since its launch. Return for 2023 was 34.2% , 2022 was 1.6% and 2021 was 50.8% . Mahindra Badhat Yojana
Growth Launch Date 11 May 17 NAV (26 Jul 24) ₹35.3304 ↑ 0.56 (1.62 %) Net Assets (Cr) ₹3,670 on 31 May 24 Category Equity - Multi Cap AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.29 Sharpe Ratio 2.72 Information Ratio 0.39 Alpha Ratio 4.28 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 30 Jun 19 ₹10,000 30 Jun 20 ₹9,494 30 Jun 21 ₹16,240 30 Jun 22 ₹16,314 30 Jun 23 ₹20,733 30 Jun 24 ₹30,942 Returns for Mahindra Badhat Yojana
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 2.8% 3 Month 10.9% 6 Month 18.2% 1 Year 44.9% 3 Year 23.2% 5 Year 27% 10 Year 15 Year Since launch 18.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.2% 2022 1.6% 2021 50.8% 2020 16.6% 2019 13.8% 2018 -9.9% 2017 2016 2015 2014 Fund Manager information for Mahindra Badhat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 3.53 Yr. Fatema Pacha 16 Oct 20 3.71 Yr. Data below for Mahindra Badhat Yojana as on 31 May 24
Equity Sector Allocation
Sector Value Industrials 20.85% Financial Services 17.07% Basic Materials 12.05% Energy 10.67% Consumer Cyclical 9.14% Technology 8.32% Communication Services 6.61% Utility 5.11% Health Care 4.35% Consumer Defensive 2.16% Real Estate 1.31% Asset Allocation
Asset Class Value Cash 2.38% Equity 97.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity Canara Bank (Financial Services)
Equity, Since 30 Sep 23 | 5324834% ₹143 Cr 12,125,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL4% ₹143 Cr 1,040,000 Hindustan Petroleum Corp Ltd (Energy)
Equity, Since 31 Dec 23 | HINDPETRO3% ₹122 Cr 2,270,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 23 | TCS3% ₹120 Cr 325,643 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 24 | RELIANCE3% ₹113 Cr 395,000 Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | COALINDIA3% ₹107 Cr 2,170,000
↓ -530,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 24 | SBIN3% ₹101 Cr 1,215,000 Bharti Hexacom Ltd (Communication Services)
Equity, Since 30 Apr 24 | 5441623% ₹99 Cr 966,109 Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 23 | 5004003% ₹95 Cr 2,183,000
↓ -117,000 NTPC Ltd (Utilities)
Equity, Since 28 Feb 23 | 5325553% ₹92 Cr 2,570,000 5. ICICI Prudential Multicap Fund
CAGR/Annualized
return of 15.7% since its launch. Ranked 49 in Multi Cap
category. Return for 2023 was 35.4% , 2022 was 4.7% and 2021 was 36.4% . ICICI Prudential Multicap Fund
Growth Launch Date 1 Oct 94 NAV (26 Jul 24) ₹787.22 ↑ 9.12 (1.17 %) Net Assets (Cr) ₹13,025 on 30 Jun 24 Category Equity - Multi Cap AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 2.86 Information Ratio 0.15 Alpha Ratio 3.02 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,189 30 Jun 21 ₹13,363 30 Jun 22 ₹13,486 30 Jun 23 ₹17,290 30 Jun 24 ₹25,060 Returns for ICICI Prudential Multicap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 4.2% 3 Month 11.7% 6 Month 21.8% 1 Year 46% 3 Year 22.9% 5 Year 22.1% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 35.4% 2022 4.7% 2021 36.4% 2020 9.2% 2019 6% 2018 0.2% 2017 28% 2016 10.1% 2015 3.1% 2014 49.8% Fund Manager information for ICICI Prudential Multicap Fund
Name Since Tenure Sankaran Naren 1 Jul 22 2 Yr. Anand Sharma 1 Jul 22 2 Yr. Sharmila D’mello 31 Jul 22 1.92 Yr. Data below for ICICI Prudential Multicap Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 19.47% Consumer Cyclical 12.2% Industrials 11.19% Health Care 10.27% Energy 7.07% Basic Materials 6.38% Communication Services 6.28% Consumer Defensive 6.01% Technology 6.01% Utility 3.35% Real Estate 1.47% Asset Allocation
Asset Class Value Cash 10.3% Equity 89.7% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK6% ₹720 Cr 6,001,508
↓ -357,777 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 17 | SUNPHARMA4% ₹520 Cr 3,420,100 Infosys Ltd (Technology)
Equity, Since 31 Oct 18 | INFY3% ₹433 Cr 2,763,238
↓ -480,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 20 | RELIANCE3% ₹404 Cr 1,291,764 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | HDFCBANK3% ₹342 Cr 2,032,994
↓ -687,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 19 | LT2% ₹246 Cr 692,772
↑ 25,245 Cummins India Ltd (Industrials)
Equity, Since 31 Jan 22 | CUMMINSIND2% ₹233 Cr 588,258
↓ -60,422 Syngene International Ltd (Healthcare)
Equity, Since 31 Aug 23 | SYNGENE2% ₹228 Cr 3,204,492 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 18 | BHARTIARTL2% ₹226 Cr 1,566,169
↓ -399,000 NTPC Ltd (Utilities)
Equity, Since 31 Oct 22 | NTPC2% ₹197 Cr 5,194,531 6. Franklin India Equity Fund
CAGR/Annualized
return of 18.6% since its launch. Ranked 50 in Multi Cap
category. Return for 2023 was 30.8% , 2022 was 5.3% and 2021 was 40.3% . Franklin India Equity Fund
Growth Launch Date 29 Sep 94 NAV (26 Jul 24) ₹1,620.96 ↑ 21.15 (1.32 %) Net Assets (Cr) ₹16,677 on 30 Jun 24 Category Equity - Multi Cap AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 3 Information Ratio 0.77 Alpha Ratio 7.09 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,662 30 Jun 21 ₹14,352 30 Jun 22 ₹14,644 30 Jun 23 ₹18,348 30 Jun 24 ₹26,588 Returns for Franklin India Equity Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 3.3% 3 Month 10.9% 6 Month 19.8% 1 Year 43% 3 Year 22.8% 5 Year 23.3% 10 Year 15 Year Since launch 18.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.8% 2022 5.3% 2021 40.3% 2020 16% 2019 3.3% 2018 -4.4% 2017 30.6% 2016 5% 2015 4.4% 2014 56.8% Fund Manager information for Franklin India Equity Fund
Name Since Tenure R. Janakiraman 1 Feb 11 13.42 Yr. Sandeep Manam 18 Oct 21 2.7 Yr. Rajasa Kakulavarapu 1 Dec 23 0.58 Yr. Data below for Franklin India Equity Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 28.15% Industrials 13.93% Consumer Cyclical 11.63% Technology 8.57% Consumer Defensive 6.19% Basic Materials 5.3% Communication Services 4.9% Utility 4.52% Energy 4.51% Health Care 3.84% Real Estate 1.3% Asset Allocation
Asset Class Value Cash 6.53% Equity 93.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK8% ₹1,309 Cr 10,908,206
↑ 408,206 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 11 | HDFCBANK7% ₹1,230 Cr 7,306,062
↑ 212,444 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL5% ₹817 Cr 5,658,607
↓ -341,393 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT5% ₹756 Cr 2,131,779 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY4% ₹725 Cr 4,627,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK4% ₹672 Cr 5,311,448 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹607 Cr 7,155,389
↓ -234,402 Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE3% ₹553 Cr 1,767,013
↑ 64,812 HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | 5322813% ₹473 Cr 3,243,000 NTPC Ltd (Utilities)
Equity, Since 28 Feb 17 | NTPC3% ₹466 Cr 12,306,402
↓ -1,485,168 7. Baroda Pioneer Multi Cap Fund
CAGR/Annualized
return of 17.3% since its launch. Ranked 37 in Multi Cap
category. Return for 2023 was 30.8% , 2022 was -3% and 2021 was 47.9% . Baroda Pioneer Multi Cap Fund
Growth Launch Date 12 Sep 03 NAV (26 Jul 24) ₹282.885 ↑ 4.11 (1.47 %) Net Assets (Cr) ₹2,610 on 30 Jun 24 Category Equity - Multi Cap AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 2.86 Information Ratio 0.28 Alpha Ratio 4.46 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,793 30 Jun 21 ₹14,554 30 Jun 22 ₹15,069 30 Jun 23 ₹18,972 30 Jun 24 ₹27,865 Returns for Baroda Pioneer Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 1.1% 3 Month 9.9% 6 Month 23.1% 1 Year 43.5% 3 Year 22.3% 5 Year 24.2% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 30.8% 2022 -3% 2021 47.9% 2020 19.5% 2019 8.9% 2018 -11.9% 2017 36.8% 2016 2.3% 2015 -1.6% 2014 46.5% Fund Manager information for Baroda Pioneer Multi Cap Fund
Name Since Tenure Sanjay Chawla 1 Nov 15 8.67 Yr. Sandeep Jain 14 Mar 22 2.3 Yr. Data below for Baroda Pioneer Multi Cap Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 23.57% Industrials 16.38% Technology 12.33% Consumer Cyclical 11.89% Basic Materials 7.85% Health Care 7.66% Consumer Defensive 5.4% Communication Services 3.94% Real Estate 3.2% Energy 3.15% Utility 2.68% Asset Allocation
Asset Class Value Cash 1.96% Equity 98.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹96 Cr 799,815 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK3% ₹84 Cr 499,736
↑ 50,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE3% ₹82 Cr 262,500
↑ 10,000 Hitachi Energy India Ltd Ordinary Shares (Technology)
Equity, Since 31 Aug 22 | POWERINDIA3% ₹76 Cr 58,988 Jyoti CNC Automation Ltd (Industrials)
Equity, Since 31 Mar 24 | JYOTICNC3% ₹66 Cr 490,602
↓ -42,000 Ratnamani Metals & Tubes Ltd (Basic Materials)
Equity, Since 31 Mar 22 | RATNAMANI2% ₹63 Cr 174,865 Infosys Ltd (Technology)
Equity, Since 29 Feb 24 | INFY2% ₹61 Cr 390,000
↑ 50,000 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 31 Jan 24 | BHEL2% ₹60 Cr 2,000,000 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 May 23 | 5433202% ₹55 Cr 2,723,000
↓ -1,450,000 Dabur India Ltd (Consumer Defensive)
Equity, Since 31 May 24 | DABUR2% ₹54 Cr 900,000
↑ 175,000 8. Edelweiss Multi Cap Fund
CAGR/Annualized
return of 14.9% since its launch. Return for 2023 was 29.3% , 2022 was 0.7% and 2021 was 34.7% . Edelweiss Multi Cap Fund
Growth Launch Date 3 Feb 15 NAV (26 Jul 24) ₹37.966 ↑ 0.67 (1.81 %) Net Assets (Cr) ₹2,139 on 30 Jun 24 Category Equity - Multi Cap AMC Edelweiss Asset Management Limited Rating Risk High Expense Ratio 2.24 Sharpe Ratio 2.57 Information Ratio 0.45 Alpha Ratio 3.33 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,568 30 Jun 21 ₹13,829 30 Jun 22 ₹13,736 30 Jun 23 ₹17,230 30 Jun 24 ₹24,973 Returns for Edelweiss Multi Cap Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 1.5% 3 Month 12.6% 6 Month 22.7% 1 Year 42.5% 3 Year 20.6% 5 Year 21.6% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 29.3% 2022 0.7% 2021 34.7% 2020 14.4% 2019 8.4% 2018 -4.9% 2017 47.4% 2016 0.4% 2015 2014 Fund Manager information for Edelweiss Multi Cap Fund
Name Since Tenure Ashwani Agarwalla 15 Jun 22 2.05 Yr. Trideep Bhattacharya 1 Oct 21 2.75 Yr. Data below for Edelweiss Multi Cap Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 27.36% Industrials 18.02% Consumer Cyclical 13.8% Technology 9.38% Basic Materials 6.08% Energy 5.59% Consumer Defensive 4.56% Utility 4.43% Health Care 2.85% Communication Services 2.81% Real Estate 1.74% Asset Allocation
Asset Class Value Cash 3.37% Equity 96.63% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK7% ₹142 Cr 843,984
↑ 50,264 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK5% ₹104 Cr 865,123
↑ 26,483 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 17 | RELIANCE3% ₹74 Cr 237,308
↑ 7,264 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 15 | LT3% ₹74 Cr 208,332
↓ -40,411 NTPC Ltd (Utilities)
Equity, Since 31 Oct 22 | NTPC3% ₹55 Cr 1,452,412
↑ 44,461 State Bank of India (Financial Services)
Equity, Since 31 Aug 18 | SBIN2% ₹49 Cr 577,768
↑ 23,673 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 19 | ULTRACEMCO2% ₹47 Cr 40,700
↑ 1,245 Coal India Ltd (Energy)
Equity, Since 30 Sep 23 | COALINDIA2% ₹45 Cr 958,346
↑ 29,337 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Jan 23 | MOTHERSON2% ₹45 Cr 2,363,969
↑ 72,366 Cummins India Ltd (Industrials)
Equity, Since 31 Dec 20 | CUMMINSIND2% ₹44 Cr 112,103
↓ -17,581 9. Principal Multi Cap Growth Fund
CAGR/Annualized
return of 16.4% since its launch. Ranked 12 in Multi Cap
category. Return for 2023 was 31.1% , 2022 was -1.6% and 2021 was 46.3% . Principal Multi Cap Growth Fund
Growth Launch Date 25 Oct 00 NAV (26 Jul 24) ₹375.579 ↑ 5.59 (1.51 %) Net Assets (Cr) ₹2,725 on 30 Jun 24 Category Equity - Multi Cap AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.16 Sharpe Ratio 2.52 Information Ratio -0.34 Alpha Ratio -0.44 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,729 30 Jun 21 ₹14,282 30 Jun 22 ₹14,854 30 Jun 23 ₹17,996 30 Jun 24 ₹25,587 Returns for Principal Multi Cap Growth Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 2.6% 3 Month 11.9% 6 Month 17.8% 1 Year 39.9% 3 Year 20.5% 5 Year 22.3% 10 Year 15 Year Since launch 16.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 31.1% 2022 -1.6% 2021 46.3% 2020 15% 2019 3.9% 2018 -8.7% 2017 48.7% 2016 6.4% 2015 2.8% 2014 49.4% Fund Manager information for Principal Multi Cap Growth Fund
Name Since Tenure Ratish Varier 1 Jan 22 2.5 Yr. Sudhir Kedia 1 Jan 22 2.5 Yr. Data below for Principal Multi Cap Growth Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 20.92% Industrials 18.43% Consumer Cyclical 15.06% Technology 7.94% Energy 7.34% Health Care 6.88% Basic Materials 5.33% Communication Services 4.51% Consumer Defensive 3.59% Utility 2.71% Real Estate 2.67% Asset Allocation
Asset Class Value Cash 4.59% Equity 95.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 05 | RELIANCE6% ₹174 Cr 556,134
↑ 18,073 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹126 Cr 746,575
↑ 64,355 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 23 | PFC3% ₹82 Cr 1,689,887 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 23 | LT3% ₹82 Cr 230,154
↑ 97,847 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 24 | AXISBANK3% ₹81 Cr 637,469
↓ -96,633 KSB Ltd (Industrials)
Equity, Since 31 Jul 22 | KSB3% ₹79 Cr 168,351 TVS Holdings Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TVSHLTD3% ₹76 Cr 57,143
↓ -399 NTPC Ltd (Utilities)
Equity, Since 31 Mar 23 | NTPC3% ₹74 Cr 1,955,077 Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | INDIANB3% ₹73 Cr 1,337,683
↑ 48,824 Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY3% ₹73 Cr 464,761
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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 .