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What are Diversified Funds (Multi Cap Funds)?

Updated on January 28, 2023 , 4361 views

In the game of Investing, where returns are essentially important, somehow risk-adjusted returns is what eventually counts. And to strengthen the risk-adjusted returns if one has a long-term view, diversified equities can prove to be beneficial. Diversified funds have historically proven to come out as a winner in most Market conditions given long holding periods. They invest across all spectrums of capitalization, within permitted risk levels. But are these funds for you? Let’s find out.

Diversified Equity Funds, also known as Multi-cap or Flexi cap funds, invest in stocks of companies across market capitalization i.e.,-large cap, mid and small cap stocks. In other words, they have the flexibility to adapt their portfolios according to the market. They typically invest anywhere between 40-60% in large cap stocks, 10-40% in mid-cap stocks and about 10% in small-cap stocks. Sometimes, the exposure to small-caps may be very small or none at all.

Diversified funds do not have any limitations on market caps from an investment point of view. They don’t follow a sectoral approach, instead adopting a growth or Value investing strategy, buying stocks whose price are relatively lower to their historical performance, Book Value, Earnings, cash flow potential and dividend yields.

These funds balance out the risk and reduce the Volatility that usually comes with stock investments by investing across market capitalizations and sectors. Larger companies (large caps) tend to perform better during tough market times than the smaller companies, and they can provide investors with better investment returns. Mid-cap stocks can stabilize Portfolio returns with higher growth potential than the large cap stocks and less risky than the small cap stocks. However, irrespective of the market caps, all stock investments carry a certain level of risk, and investors should closely monitor their investments as business conditions can change daily. Given that the Underlying investment is equity, there is a risk of loss of Capital that can occur in the short term.

Nevertheless, diversified funds have exceptionally performed well over past 5 years, especially after elections, returning 23% p.a. and 21% p.a. for the last 3-5 years, respectively.

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Why to Invest in Diversified Funds?

As diversified funds or multi-cap funds invest across market caps, they have several benefits compared to funds focused on any one particular market cap. Some of these are discussed below:

The foremost advantage of diversified funds is that it reduces the need to keep a track on multiple funds in the portfolio distinctly. As the monies are invested across market capitalization, the need to maintain separate Large cap funds, mid and Small cap funds is eliminated.
During bull market phases, diversified funds tend to outperform large caps (in the long term) by capturing some of the upside offered by small and mid-cap funds. In the bull market rallies, the large-cap valuations (P/E multiples) run up faster to a point where they appear stretched, in such scenario mid-cap stocks tend to outperform.
Since, diversified funds have all three large cap, mid cap and small cap companies in their portfolio, they have potential to deliver good performance on a consistent Basis.
In the Bear Market phases, small and mid-cap stocks tend to suffer sharp declines and liquidity issues. Also, consequently, they face liquidity constraints when Redemption pressures increase during phases of bear markets, especially when investors are exiting investments. On the other hand, diversified funds don’t face liquidity problems as much—as large cap stocks comprise a sustainable portion of the portfolio.
Diversified funds are suitable for investors who start with just one fund and still want to invest across market caps. Also, investors who are not sure of their risk tolerance levels can take advantage of diversified funds.
Fund managers of diversified funds invest in companies of all sizes i.e. large, mid, small cap, based on their long-term growth potential. They also change their portfolio allocations between different sectors from time to time, to maximize fund the performance within defined investment objectives. Investing in diversified or multi-cap funds helps to prevent the tendency of investors to switch between large cap funds and mid-cap/small-cap funds based on short-term performance.

Risk in Diversified Funds

Diversified funds may suffer massively if the moves are extreme, during falls of the markets, diversified funds are affected from than large caps. This is due to the fact that during most declines, the fall in small & mid-caps is much higher. This can lead to higher volatility of returns, causing these funds to have a higher Standard Deviation, which is one of the important parameters to measure a fund's risk. Larger the standard deviation, higher will be the level of risk.

Who Should Invest in Diversified Mutual Funds?

An investor who has a moderate-risk appetite and who wishes to have an exposure in equities can park their funds in diversified funds. Also, investors who are not well-versed with the technique of Asset Allocation in respect to investments can also put a part of their funds here.

Investors incline towards investing in these funds as it holds a mix of stocks across market capitalizations. Any high degree of volatility shown by either small cap or mid cap funds can be balanced by the stability provided by large-cap equity funds. However, the returns from such diversified funds are vastly dependent on the fund manager’s knowledge and intelligence as to how he is able to include stocks as per the market conditions. In this situation, there is a probability of fund manager going wrong in his allocation strategy. That is why it is advisable for investors to study the record of the fund manager before investing in diversified funds.

Taxation on Diversified Equity Funds

The short-term and long-term Capital Gains offered by Mutual Funds are taxed at different rates.

Fund Type	Short-Term Capital Gains	Long-Term Capital Gains
Equity funds	15% + cess + surcharge	Up to Rs. 1 lakh a year is tax-exempt. Any gains above Rs. 1 lakh are taxed at 10% + cess + surcharge

Best Diversified Funds to Invest in 2023 - 2024

Top performing diversified funds in India are as follows-

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2022 (%)
Parag Parikh Long Term Equity Fund Growth	₹48.6139 ↑ 0.17	₹28,248	0.8	3.6	-0.3	21.1	15	-7.2
PGIM India Diversified Equity Fund Growth	₹24.53 ↓ -0.06	₹5,284	-2.2	0.2	-6.3	19.7	12.1	-6.4
HDFC Equity Fund Growth	₹1,126.76 ↑ 0.45	₹32,155	0.1	7.6	12.1	19.2	10.7	18.3
Mahindra Badhat Yojana Growth	₹19.847 ↑ 0.03	₹1,545	-5.4	0.9	-3.6	18.5	12.1	1.6
Baroda Pioneer Multi Cap Fund Growth	₹168.652 ↑ 0.63	₹1,678	-1.2	3.2	-1.3	18	10.2	-3
Nippon India Multi Cap Fund Growth	₹160.987 ↓ -0.11	₹14,160	-2.8	4.4	10	17.6	10	14.1
Franklin India Equity Fund Growth	₹973.399 ↑ 0.08	₹10,431	-3.2	4.1	1.4	17.5	9.8	5.3
BNP Paribas Multi Cap Fund Growth	₹73.5154 ↓ -0.01	₹588	-4.6	-2.6	19.3	17.3	13.6
Principal Multi Cap Growth Fund Growth	₹230.719 ↑ 0.12	₹1,847	-4.1	-0.3	-3.2	16.8	8.5	-1.6
Invesco India Multicap Fund Growth	₹77.14 ↑ 0.14	₹2,376	-1.9	3.4	-1.8	15	8.3	-2.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Jan 23

1. 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 17.7% 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 (30 Jan 23)	₹48.6139 ↑ 0.17 (0.34 %)
Net Assets (Cr)	₹28,248 on 31 Dec 22
Category	Equity - Multi Cap
AMC	PPFAS Asset Management Pvt. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.84
Sharpe Ratio	-0.82
Information Ratio	0.4
Alpha Ratio	-11.84
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.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹9,957
31 Dec 19	₹11,394
31 Dec 20	₹15,074
31 Dec 21	₹21,934
31 Dec 22	₹20,349

Parag Parikh Long Term Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 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 30 Jan 23

Duration	Returns
1 Month	1.9%
3 Month	0.8%
6 Month	3.6%
1 Year	-0.3%
3 Year	21.1%
5 Year	15%
10 Year
15 Year
Since launch	17.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Raj Mehta	27 Jan 16	6.93 Yr.
Rajeev Thakkar	24 May 13	9.61 Yr.
Raunak Onkar	24 May 13	9.61 Yr.
Rukun Tarachandani	16 May 22	0.63 Yr.

Data below for Parag Parikh Long Term Equity Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	37.54%
Technology	11.07%
Consumer Cyclical	9.35%
Consumer Defensive	7.23%
Communication Services	6.75%
Energy	6.05%
Health Care	5.05%
Utility	4.82%
Basic Materials	1.39%

Asset Allocation

Asset Class	Value
Cash	10.36%
Equity	89.5%
Debt	0.14%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Apr 22 \| HDFC	8%	₹2,364 Cr	8,962,504
Bajaj Holdings and Investment Ltd (Financial Services) Equity, Since 31 Oct 16 \| BAJAJHLDNG	7%	₹2,053 Cr	3,575,550
ITC Ltd (Consumer Defensive) Equity, Since 31 Mar 20 \| ITC	7%	₹2,012 Cr	60,698,959
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 13 \| AXISBANK	6%	₹1,677 Cr	17,964,011
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 14 \| ICICIBANK	6%	₹1,673 Cr	18,780,614
HCL Technologies Ltd (Technology) Equity, Since 31 Jan 21 \| HCLTECH	5%	₹1,543 Cr	14,849,083
Coal India Ltd (Energy) Equity, Since 31 May 22 \| COALINDIA	5%	₹1,426 Cr	63,348,260 ↑ 8,500,000
Microsoft Corp (Technology) Equity, Since 30 Apr 20 \| MSF	5%	₹1,425 Cr	714,866 ↑ 768
Power Grid Corp Of India Ltd (Utilities) Equity, Since 30 Sep 21 \| POWERGRID	5%	₹1,363 Cr	63,775,637
Alphabet Inc Class A (Communication Services) Equity, Since 31 May 21 \| GOOGL	5%	₹1,319 Cr	1,802,237 ↑ 1,947

2. PGIM India Diversified Equity Fund

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

PGIM India Diversified Equity Fund is a Equity - Multi Cap fund was launched on 4 Mar 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12% since its launch. Return for 2022 was -6.4% , 2021 was 43.5% and 2020 was 35.9% .

Below is the key information for PGIM India Diversified Equity Fund

PGIM India Diversified Equity Fund Growth
Launch Date	4 Mar 15
NAV (30 Jan 23)	₹24.53 ↓ -0.06 (-0.24 %)
Net Assets (Cr)	₹5,284 on 31 Dec 22
Category	Equity - Multi Cap
AMC	Pramerica Asset Managers Private Limited
Rating	Not Rated
Risk	Moderately High
Expense Ratio	0
Sharpe Ratio	-0.66
Information Ratio	0.76
Alpha Ratio	-10.8
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹9,206
31 Dec 19	₹10,131
31 Dec 20	₹13,765
31 Dec 21	₹19,752
31 Dec 22	₹18,485

PGIM India Diversified Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Invest Now

Returns for PGIM India Diversified Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jan 23

Duration	Returns
1 Month	-3.3%
3 Month	-2.2%
6 Month	0.2%
1 Year	-6.3%
3 Year	19.7%
5 Year	12.1%
10 Year
15 Year
Since launch	12%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	-6.4%
2021	43.5%
2020	35.9%
2019	10%
2018	-7.9%
2017	36.6%
2016	-0.6%
2015
2014
2013

Fund Manager information for PGIM India Diversified Equity Fund

Name	Since	Tenure
Bhupesh Kalyani	13 Sep 22	0.3 Yr.
Aniruddha Naha	5 Apr 18	4.75 Yr.
A. Anandha Padmanabhan	1 Jun 21	1.59 Yr.
Rahul Jagwani	12 May 22	0.64 Yr.

Data below for PGIM India Diversified Equity Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	29.18%
Industrials	11.59%
Consumer Cyclical	10.78%
Consumer Defensive	7.06%
Basic Materials	6.93%
Communication Services	6.31%
Health Care	5.91%
Technology	5.7%
Energy	4.1%
Utility	2.44%
Real Estate	1.49%

Asset Allocation

Asset Class	Value
Cash	8.51%
Equity	91.49%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 22 \| HDFCBANK	8%	₹438 Cr	2,687,565
ICICI Bank Ltd (Financial Services) Equity, Since 30 Sep 18 \| ICICIBANK	7%	₹366 Cr	4,105,000 ↓ -395,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 30 Nov 22 \| HDFC	4%	₹218 Cr	825,000 ↑ 325,000
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 22 \| RELIANCE	4%	₹217 Cr	850,000
Cummins India Ltd (Industrials) Equity, Since 31 Oct 21 \| CUMMINSIND	3%	₹166 Cr	1,200,000 ↑ 300,000
Max Healthcare Institute Ltd Ordinary Shares (Healthcare) Equity, Since 30 Sep 22 \| MAXHEALTH	3%	₹152 Cr	3,453,663
HDFC Life Insurance Company Limited (Financial Services) Equity, Since 30 Sep 22 \| HDFCLIFE	3%	₹150 Cr	2,650,000
Infosys Ltd (Technology) Equity, Since 31 Mar 20 \| INFY	3%	₹148 Cr	978,743 ↓ -150,000
Esab India Ltd (Industrials) Equity, Since 30 Sep 21 \| ESABINDIA	3%	₹141 Cr	340,793
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 Dec 22 \| HINDUNILVR	3%	₹141 Cr	550,000 ↑ 550,000

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 18.3% 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 (30 Jan 23)	₹1,126.76 ↑ 0.45 (0.04 %)
Net Assets (Cr)	₹32,155 on 31 Dec 22
Category	Equity - Multi Cap
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	0.83
Information Ratio	0.31
Alpha Ratio	12.77
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
31 Dec 17	₹10,000
31 Dec 18	₹9,647
31 Dec 19	₹10,305
31 Dec 20	₹10,969
31 Dec 21	₹14,937
31 Dec 22	₹17,669

HDFC Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 30 Jan 23

Duration	Returns
1 Month	-2.3%
3 Month	0.1%
6 Month	7.6%
1 Year	12.1%
3 Year	19.2%
5 Year	10.7%
10 Year
15 Year
Since launch	18.3%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Roshi Jain	29 Jul 22	0.43 Yr.
Priya Ranjan	1 May 22	0.67 Yr.

Data below for HDFC Equity Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	36.76%
Technology	11.62%
Industrials	11.01%
Energy	7.51%
Utility	6.15%
Consumer Cyclical	5.7%
Health Care	5.29%
Communication Services	5.08%
Consumer Defensive	1.24%
Basic Materials	1.03%

Asset Allocation

Asset Class	Value
Cash	8.45%
Equity	91.55%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	9%	₹2,837 Cr	31,850,000
State Bank of India (Financial Services) Equity, Since 31 Jan 03 \| SBIN	7%	₹2,148 Cr	35,000,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 13 \| HDFCBANK	6%	₹1,954 Cr	12,000,000
Infosys Ltd (Technology) Equity, Since 31 Oct 08 \| INFY	6%	₹1,855 Cr	12,300,000 ↑ 300,000
NTPC Ltd (Utilities) Equity, Since 30 Nov 16 \| NTPC	4%	₹1,415 Cr	85,000,000
HCL Technologies Ltd (Technology) Equity, Since 30 Sep 20 \| HCLTECH	4%	₹1,363 Cr	13,110,910 ↑ 1,110,910
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Aug 20 \| BHARTIARTL	4%	₹1,290 Cr	16,000,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 12 \| LT	4%	₹1,251 Cr	6,000,000
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 20 \| M&M	4%	₹1,199 Cr	9,600,000 ↑ 120,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 31 Mar 22 \| HDFC	4%	₹1,187 Cr	4,500,000 ↑ 241,270

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 12.7% 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 (30 Jan 23)	₹19.847 ↑ 0.03 (0.17 %)
Net Assets (Cr)	₹1,545 on 31 Dec 22
Category	Equity - Multi Cap
AMC	Mahindra Asset Management Company Pvt. Ltd.
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.39
Sharpe Ratio	-0.11
Information Ratio	0.16
Alpha Ratio	-1.18
Min Investment	1,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹9,013
31 Dec 19	₹10,261
31 Dec 20	₹11,967
31 Dec 21	₹18,048
31 Dec 22	₹18,344

Mahindra Badhat Yojana SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 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 30 Jan 23

Duration	Returns
1 Month	-5.6%
3 Month	-5.4%
6 Month	0.9%
1 Year	-3.6%
3 Year	18.5%
5 Year	12.1%
10 Year
15 Year
Since launch	12.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Manish Lodha	21 Dec 20	2.03 Yr.
Fatema Pacha	16 Oct 20	2.21 Yr.

Data below for Mahindra Badhat Yojana as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	27.61%
Industrials	20.34%
Technology	12.49%
Basic Materials	11.66%
Consumer Cyclical	10.9%
Health Care	3.95%
Communication Services	3.88%
Consumer Defensive	3.77%
Energy	1.37%
Real Estate	1.37%
Utility	1.08%

Asset Allocation

Asset Class	Value
Cash	1.58%
Equity	98.42%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Infosys Ltd (Technology) Equity, Since 31 May 18 \| INFY	4%	₹67 Cr	446,850
ICICI Bank Ltd (Financial Services) Equity, Since 30 Sep 18 \| ICICIBANK	4%	₹67 Cr	747,900
State Bank of India (Financial Services) Equity, Since 31 Oct 18 \| SBIN	4%	₹58 Cr	951,651 ↓ -149,400
Canara Bank (Financial Services) Equity, Since 31 Dec 20 \| CANBK	4%	₹54 Cr	1,625,400
Bharat Forge Ltd (Consumer Cyclical) Equity, Since 31 Jul 22 \| BHARATFORG	3%	₹53 Cr	603,000
LTIMindtree Ltd (Technology) Equity, Since 30 Nov 22 \| LTIM	3%	₹44 Cr	101,835
IndusInd Bank Ltd (Financial Services) Equity, Since 30 Jun 22 \| INDUSINDBK	3%	₹44 Cr	360,000
Ambuja Cements Ltd (Basic Materials) Equity, Since 31 May 22 \| 500425	3%	₹42 Cr	792,000 ↓ -90,000
United Spirits Ltd (Consumer Defensive) Equity, Since 30 Sep 21 \| MCDOWELL-N	3%	₹41 Cr	468,000
Dalmia Bharat Ltd (Basic Materials) Equity, Since 31 Jul 22 \| DALBHARAT	3%	₹40 Cr	216,000 ↑ 4,543

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 15.7% 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 (30 Jan 23)	₹168.652 ↑ 0.63 (0.38 %)
Net Assets (Cr)	₹1,678 on 31 Dec 22
Category	Equity - Multi Cap
AMC	Baroda Pioneer Asset Management Co. Ltd.
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.37
Sharpe Ratio	-0.39
Information Ratio	0
Alpha Ratio	0
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
31 Dec 17	₹10,000
31 Dec 18	₹8,805
31 Dec 19	₹9,588
31 Dec 20	₹11,459
31 Dec 21	₹16,943
31 Dec 22	₹16,430

Baroda Pioneer Multi Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 30 Jan 23

Duration	Returns
1 Month	-2%
3 Month	-1.2%
6 Month	3.2%
1 Year	-1.3%
3 Year	18%
5 Year	10.2%
10 Year
15 Year
Since launch	15.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Sanjay Chawla	1 Nov 15	7.17 Yr.
Sandeep Jain	14 Mar 22	0.8 Yr.

Data below for Baroda Pioneer Multi Cap Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	23.9%
Consumer Cyclical	15.04%
Technology	11.05%
Health Care	10.26%
Industrials	9.51%
Basic Materials	7.19%
Energy	5.3%
Communication Services	5.07%
Real Estate	3.58%
Consumer Defensive	3.4%
Utility	1.66%

Asset Allocation

Asset Class	Value
Cash	3.24%
Equity	96.76%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 17 \| ICICIBANK	6%	₹99 Cr	1,114,815 ↓ -100,000
Infosys Ltd (Technology) Equity, Since 31 Jan 18 \| INFY	5%	₹86 Cr	568,000 ↓ -60,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 17 \| HDFCBANK	5%	₹77 Cr	475,000 ↑ 50,000
Reliance Industries Ltd (Energy) Equity, Since 31 Oct 21 \| RELIANCE	4%	₹70 Cr	275,000
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 30 Nov 20 \| SUNPHARMA	3%	₹44 Cr	440,000
J.B. Chemicals & Pharmaceuticals Ltd (Healthcare) Equity, Since 30 Jun 21 \| JBCHEPHARM	3%	₹44 Cr	224,384 ↓ -22,000
Five-Star Business Finance Ltd (Financial Services) Equity, Since 30 Nov 22 \| FIVESTAR	3%	₹43 Cr	697,870 ↓ -2,141
Bank of Baroda (Financial Services) Equity, Since 30 Jun 21 \| BANKBARODA	3%	₹43 Cr	2,310,000
INOX Leisure Ltd (Communication Services) Equity, Since 30 Nov 20 \| INOXLEISUR	2%	₹40 Cr	800,000 ↑ 125,000
State Bank of India (Financial Services) Equity, Since 31 May 22 \| SBIN	2%	₹40 Cr	650,000 ↑ 100,000

6. 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 16.9% 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 (30 Jan 23)	₹160.987 ↓ -0.11 (-0.07 %)
Net Assets (Cr)	₹14,160 on 31 Dec 22
Category	Equity - Multi Cap
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.91
Sharpe Ratio	0.57
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹9,781
31 Dec 19	₹9,996
31 Dec 20	₹9,999
31 Dec 21	₹14,890
31 Dec 22	₹16,993

Nippon India Multi Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 30 Jan 23

Duration	Returns
1 Month	-3.2%
3 Month	-2.8%
6 Month	4.4%
1 Year	10%
3 Year	17.6%
5 Year	10%
10 Year
15 Year
Since launch	16.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Sailesh Raj Bhan	31 Mar 05	17.77 Yr.
Ashutosh Bhargava	1 Sep 21	1.33 Yr.
Kinjal Desai	25 May 18	4.61 Yr.
Akshay Sharma	1 Dec 22	0.08 Yr.

Data below for Nippon India Multi Cap Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	29.74%
Industrials	20.41%
Consumer Cyclical	19.43%
Health Care	7.46%
Technology	7.14%
Basic Materials	5.34%
Consumer Defensive	2.77%
Communication Services	2.48%
Energy	2.25%
Utility	0.8%

Asset Allocation

Asset Class	Value
Cash	1.86%
Equity	98.14%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 10 \| HDFCBANK	4%	₹619 Cr	3,800,448 ↓ -200,000
Linde India Ltd (Basic Materials) Equity, Since 31 May 13 \| LINDEINDIA	4%	₹610 Cr	1,774,811
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 10 \| LT	4%	₹563 Cr	2,700,000 ↓ -100,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 15 \| AXISBANK	4%	₹560 Cr	6,000,121 ↓ -300,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	4%	₹552 Cr	6,200,000
Indian Hotels Co Ltd (Consumer Cyclical) Equity, Since 31 May 14 \| INDHOTEL	3%	₹478 Cr	15,000,000 ↓ -500,000
Kennametal India Ltd (Industrials) Equity, Since 31 Mar 13 \| KENNAMET	3%	₹452 Cr	2,026,242
EIH Ltd (Consumer Cyclical) Equity, Since 31 Jul 14 \| EIHOTEL	3%	₹432 Cr	24,353,076 ↑ 600,000
Housing Development Finance Corp Ltd (Financial Services) Equity, Since 31 May 21 \| HDFC	3%	₹396 Cr	1,500,000 ↓ -200,000
Shoppers Stop Ltd (Consumer Cyclical) Equity, Since 31 Jul 09 \| SHOPERSTOP	3%	₹359 Cr	5,055,650

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 17.5% 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 (30 Jan 23)	₹973.399 ↑ 0.08 (0.01 %)
Net Assets (Cr)	₹10,431 on 31 Dec 22
Category	Equity - Multi Cap
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.84
Sharpe Ratio	0.09
Information Ratio	0.4
Alpha Ratio	0.98
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.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹9,562
31 Dec 19	₹9,882
31 Dec 20	₹11,461
31 Dec 21	₹16,081
31 Dec 22	₹16,940

Franklin India Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 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 30 Jan 23

Duration	Returns
1 Month	-3.9%
3 Month	-3.2%
6 Month	4.1%
1 Year	1.4%
3 Year	17.5%
5 Year	9.8%
10 Year
15 Year
Since launch	17.5%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Anand Radhakrishnan	2 Apr 07	15.76 Yr.
R. Janakiraman	1 Feb 11	11.92 Yr.
Sandeep Manam	18 Oct 21	1.21 Yr.

Data below for Franklin India Equity Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	33.32%
Industrials	11.01%
Technology	10.03%
Consumer Cyclical	9.9%
Consumer Defensive	8.86%
Basic Materials	7.53%
Utility	5.12%
Communication Services	5.02%
Energy	3.17%
Health Care	2.8%

Asset Allocation

Asset Class	Value
Cash	3.23%
Equity	96.77%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jan 11 \| HDFCBANK	9%	₹895 Cr	5,500,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 10 \| ICICIBANK	9%	₹891 Cr	10,000,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 14 \| AXISBANK	7%	₹728 Cr	7,800,000 ↓ -300,000
Infosys Ltd (Technology) Equity, Since 29 Feb 12 \| INFY	6%	₹603 Cr	4,000,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 13 \| LT	5%	₹549 Cr	2,630,000
Bharti Airtel Ltd (Communication Services) Equity, Since 28 Feb 06 \| BHARTIARTL	5%	₹524 Cr	6,500,000 ↓ -300,000
State Bank of India (Financial Services) Equity, Since 31 Aug 15 \| SBIN	4%	₹390 Cr	6,350,000 ↓ -150,000
United Spirits Ltd (Consumer Defensive) Equity, Since 31 Aug 19 \| MCDOWELL-N	3%	₹294 Cr	3,350,000
Grasim Industries Ltd (Basic Materials) Equity, Since 31 Jan 19 \| GRASIM	3%	₹293 Cr	1,700,000 ↑ 50,000
HCL Technologies Ltd (Technology) Equity, Since 31 Dec 13 \| HCLTECH	3%	₹291 Cr	2,800,000 ↓ -200,000

8. BNP Paribas Multi Cap Fund

(Erstwhile BNP Paribas Dividend Yield Fund)

The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

BNP Paribas Multi Cap Fund is a Equity - Multi Cap fund was launched on 15 Sep 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.9% since its launch. Ranked 18 in Multi Cap category. .

Below is the key information for BNP Paribas Multi Cap Fund

BNP Paribas Multi Cap Fund Growth
Launch Date	15 Sep 05
NAV (13 Mar 22)	₹73.5154 ↓ -0.01 (-0.01 %)
Net Assets (Cr)	₹588 on 31 Jan 22
Category	Equity - Multi Cap
AMC	BNP Paribas Asset Mgmt India Pvt. Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.44
Sharpe Ratio	2.86
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	300
Exit Load	0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹8,805
31 Dec 19	₹9,968
31 Dec 20	₹10,995
31 Dec 21	₹15,211

BNP Paribas Multi Cap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for BNP Paribas 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 30 Jan 23

Duration	Returns
1 Month	-4.4%
3 Month	-4.6%
6 Month	-2.6%
1 Year	19.3%
3 Year	17.3%
5 Year	13.6%
10 Year
15 Year
Since launch	12.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013

Fund Manager information for BNP Paribas Multi Cap Fund

Name	Since	Tenure

Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

9. Principal Multi Cap Growth Fund

(Erstwhile Principal Growth Fund)

The primary investment objective of the scheme is to achieve long-term capital appreciation.

Principal Multi Cap Growth Fund is a Equity - Multi Cap fund was launched on 25 Oct 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.1% 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 (30 Jan 23)	₹230.719 ↑ 0.12 (0.05 %)
Net Assets (Cr)	₹1,847 on 31 Dec 22
Category	Equity - Multi Cap
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.33
Sharpe Ratio	-0.36
Information Ratio	-0.45
Alpha Ratio	-4.72
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹9,133
31 Dec 19	₹9,493
31 Dec 20	₹10,917
31 Dec 21	₹15,970
31 Dec 22	₹15,720

Principal Multi Cap Growth Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 30 Jan 23

Duration	Returns
1 Month	-3.2%
3 Month	-4.1%
6 Month	-0.3%
1 Year	-3.2%
3 Year	16.8%
5 Year	8.5%
10 Year
15 Year
Since launch	15.1%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Ratish Varier	1 Jan 22	1 Yr.
Sudhir Kedia	1 Jan 22	1 Yr.

Data below for Principal Multi Cap Growth Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	28.77%
Industrials	16.02%
Consumer Cyclical	13.57%
Basic Materials	8.53%
Technology	7.54%
Consumer Defensive	6.23%
Health Care	5.95%
Energy	5.83%
Communication Services	3.39%
Real Estate	1.87%

Asset Allocation

Asset Class	Value
Cash	2.03%
Equity	97.97%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 05 \| RELIANCE	6%	₹108 Cr	422,955
State Bank of India (Financial Services) Equity, Since 30 Nov 08 \| SBIN	5%	₹97 Cr	1,580,122
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	5%	₹87 Cr	979,458 ↓ -32,703
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 09 \| HDFCBANK	5%	₹86 Cr	530,246
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 17 \| AXISBANK	4%	₹70 Cr	754,268 ↓ -46,967
Infosys Ltd (Technology) Equity, Since 30 Apr 08 \| INFY	4%	₹70 Cr	462,087
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 31 Dec 21 \| HINDUNILVR	3%	₹54 Cr	210,253 ↓ -18,317
ICRA Ltd (Financial Services) Equity, Since 30 Apr 22 \| ICRA	2%	₹45 Cr	97,443 ↓ -5,200
Suven Pharmaceuticals Ltd (Healthcare) Equity, Since 31 Mar 22 \| SUVENPHAR	2%	₹43 Cr	878,213
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical) Equity, Since 28 Feb 22 \| CROMPTON	2%	₹42 Cr	1,234,611

10. 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 14.7% 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 (30 Jan 23)	₹77.14 ↑ 0.14 (0.18 %)
Net Assets (Cr)	₹2,376 on 31 Dec 22
Category	Equity - Multi Cap
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	2.24
Sharpe Ratio	-0.37
Information Ratio	-0.5
Alpha Ratio	-5.23
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
31 Dec 17	₹10,000
31 Dec 18	₹8,749
31 Dec 19	₹9,153
31 Dec 20	₹10,875
31 Dec 21	₹15,297
31 Dec 22	₹14,961

Invesco India Multicap Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 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 30 Jan 23

Duration	Returns
1 Month	-2.7%
3 Month	-1.9%
6 Month	3.4%
1 Year	-1.8%
3 Year	15%
5 Year	8.3%
10 Year
15 Year
Since launch	14.7%

Historical performance (Yearly) on absolute basis

Year	Returns
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

Name	Since	Tenure
Amit Nigam	3 Sep 20	2.33 Yr.
Pranav Gokhale	29 Mar 18	4.76 Yr.

Data below for Invesco India Multicap Fund as on 31 Dec 22

Equity Sector Allocation

Sector	Value
Financial Services	29.76%
Industrials	20.17%
Consumer Cyclical	12.31%
Basic Materials	8.98%
Technology	6.97%
Consumer Defensive	6.45%
Health Care	5.43%
Utility	3.6%
Energy	2.97%
Real Estate	0.94%

Asset Allocation

Asset Class	Value
Cash	2.42%
Equity	97.58%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	6%	₹148 Cr	1,656,565
Infosys Ltd (Technology) Equity, Since 31 Mar 22 \| INFY	5%	₹126 Cr	832,520
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 22 \| HDFCBANK	4%	₹96 Cr	587,504 ↑ 288,726
Axis Bank Ltd (Financial Services) Equity, Since 31 Oct 20 \| AXISBANK	3%	₹71 Cr	756,400
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 22 \| RELIANCE	3%	₹71 Cr	276,817 ↓ -82,789
Indian Bank (Financial Services) Equity, Since 30 Jun 21 \| INDIANB	3%	₹60 Cr	2,096,711
State Bank of India (Financial Services) Equity, Since 31 Mar 21 \| SBIN	3%	₹60 Cr	970,911
Timken India Ltd (Industrials) Equity, Since 30 Apr 17 \| TIMKEN	2%	₹52 Cr	165,971
The Federal Bank Ltd (Financial Services) Equity, Since 30 Nov 22 \| FEDERALBNK	2%	₹50 Cr	3,581,248 ↑ 1,029,046
J.B. Chemicals & Pharmaceuticals Ltd (Healthcare) Equity, Since 30 Sep 20 \| JBCHEPHARM	2%	₹48 Cr	249,007 ↑ 13,875

Conclusion

When making a long-term investment, investors are advised to take into account their risk appetite. Investors who wish to invest in equity funds should smartly allocate funds to their portfolio. However, there are no hard and fast rules, investors should see the level of risk they can take and then decide the funds to invest. Investors could thoroughly study these funds and invest according to their investment objectives by adding the Best diversified funds to their portfolio.

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.