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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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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.
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.
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.
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 |
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
(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 Below is the key information for Parag Parikh Long Term Equity Fund Returns up to 1 year are on 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 Below is the key information for PGIM India Diversified Equity 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 (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 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 (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 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 Below is the key information for BNP Paribas 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 (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 Below is the key information for Invesco India Multicap Fund Returns up to 1 year are on 1. Parag Parikh Long Term Equity Fund
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% . 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 Returns for Parag Parikh Long Term Equity Fund
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 | HDFC8% ₹2,364 Cr 8,962,504 Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 31 Oct 16 | BAJAJHLDNG7% ₹2,053 Cr 3,575,550 ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 20 | ITC7% ₹2,012 Cr 60,698,959 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | AXISBANK6% ₹1,677 Cr 17,964,011 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 14 | ICICIBANK6% ₹1,673 Cr 18,780,614 HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 21 | HCLTECH5% ₹1,543 Cr 14,849,083 Coal India Ltd (Energy)
Equity, Since 31 May 22 | COALINDIA5% ₹1,426 Cr 63,348,260
↑ 8,500,000 Microsoft Corp (Technology)
Equity, Since 30 Apr 20 | MSF5% ₹1,425 Cr 714,866
↑ 768 Power Grid Corp Of India Ltd (Utilities)
Equity, Since 30 Sep 21 | POWERGRID5% ₹1,363 Cr 63,775,637 Alphabet Inc Class A (Communication Services)
Equity, Since 31 May 21 | GOOGL5% ₹1,319 Cr 1,802,237
↑ 1,947 2. PGIM India Diversified Equity Fund
CAGR/Annualized
return of 12% since its launch. Return for 2022 was -6.4% , 2021 was 43.5% and 2020 was 35.9% . 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 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 Returns for PGIM India Diversified Equity Fund
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 | HDFCBANK8% ₹438 Cr 2,687,565 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK7% ₹366 Cr 4,105,000
↓ -395,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFC4% ₹218 Cr 825,000
↑ 325,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE4% ₹217 Cr 850,000 Cummins India Ltd (Industrials)
Equity, Since 31 Oct 21 | CUMMINSIND3% ₹166 Cr 1,200,000
↑ 300,000 Max Healthcare Institute Ltd Ordinary Shares (Healthcare)
Equity, Since 30 Sep 22 | MAXHEALTH3% ₹152 Cr 3,453,663 HDFC Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 22 | HDFCLIFE3% ₹150 Cr 2,650,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 20 | INFY3% ₹148 Cr 978,743
↓ -150,000 Esab India Ltd (Industrials)
Equity, Since 30 Sep 21 | ESABINDIA3% ₹141 Cr 340,793 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Dec 22 | HINDUNILVR3% ₹141 Cr 550,000
↑ 550,000 3. HDFC Equity Fund
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% . 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 Returns for HDFC Equity Fund
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 | ICICIBANK9% ₹2,837 Cr 31,850,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN7% ₹2,148 Cr 35,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | HDFCBANK6% ₹1,954 Cr 12,000,000 Infosys Ltd (Technology)
Equity, Since 31 Oct 08 | INFY6% ₹1,855 Cr 12,300,000
↑ 300,000 NTPC Ltd (Utilities)
Equity, Since 30 Nov 16 | NTPC4% ₹1,415 Cr 85,000,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH4% ₹1,363 Cr 13,110,910
↑ 1,110,910 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 20 | BHARTIARTL4% ₹1,290 Cr 16,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 12 | LT4% ₹1,251 Cr 6,000,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 20 | M&M4% ₹1,199 Cr 9,600,000
↑ 120,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 22 | HDFC4% ₹1,187 Cr 4,500,000
↑ 241,270 4. Mahindra Badhat Yojana
CAGR/Annualized
return of 12.7% since its launch. Return for 2022 was 1.6% , 2021 was 50.8% and 2020 was 16.6% . 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 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 Returns for Mahindra Badhat Yojana
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 | INFY4% ₹67 Cr 446,850 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | ICICIBANK4% ₹67 Cr 747,900 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹58 Cr 951,651
↓ -149,400 Canara Bank (Financial Services)
Equity, Since 31 Dec 20 | CANBK4% ₹54 Cr 1,625,400 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 31 Jul 22 | BHARATFORG3% ₹53 Cr 603,000 LTIMindtree Ltd (Technology)
Equity, Since 30 Nov 22 | LTIM3% ₹44 Cr 101,835 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 22 | INDUSINDBK3% ₹44 Cr 360,000 Ambuja Cements Ltd (Basic Materials)
Equity, Since 31 May 22 | 5004253% ₹42 Cr 792,000
↓ -90,000 United Spirits Ltd (Consumer Defensive)
Equity, Since 30 Sep 21 | MCDOWELL-N3% ₹41 Cr 468,000 Dalmia Bharat Ltd (Basic Materials)
Equity, Since 31 Jul 22 | DALBHARAT3% ₹40 Cr 216,000
↑ 4,543 5. Baroda Pioneer Multi Cap Fund
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% . 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 Returns for Baroda Pioneer Multi Cap Fund
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 | ICICIBANK6% ₹99 Cr 1,114,815
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 18 | INFY5% ₹86 Cr 568,000
↓ -60,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | HDFCBANK5% ₹77 Cr 475,000
↑ 50,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 21 | RELIANCE4% ₹70 Cr 275,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Nov 20 | SUNPHARMA3% ₹44 Cr 440,000 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Jun 21 | JBCHEPHARM3% ₹44 Cr 224,384
↓ -22,000 Five-Star Business Finance Ltd (Financial Services)
Equity, Since 30 Nov 22 | FIVESTAR3% ₹43 Cr 697,870
↓ -2,141 Bank of Baroda (Financial Services)
Equity, Since 30 Jun 21 | BANKBARODA3% ₹43 Cr 2,310,000 INOX Leisure Ltd (Communication Services)
Equity, Since 30 Nov 20 | INOXLEISUR2% ₹40 Cr 800,000
↑ 125,000 State Bank of India (Financial Services)
Equity, Since 31 May 22 | SBIN2% ₹40 Cr 650,000
↑ 100,000 6. Nippon India Multi Cap Fund
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% . 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 Returns for Nippon India Multi Cap Fund
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 | HDFCBANK4% ₹619 Cr 3,800,448
↓ -200,000 Linde India Ltd (Basic Materials)
Equity, Since 31 May 13 | LINDEINDIA4% ₹610 Cr 1,774,811 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 10 | LT4% ₹563 Cr 2,700,000
↓ -100,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | AXISBANK4% ₹560 Cr 6,000,121
↓ -300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹552 Cr 6,200,000 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 May 14 | INDHOTEL3% ₹478 Cr 15,000,000
↓ -500,000 Kennametal India Ltd (Industrials)
Equity, Since 31 Mar 13 | KENNAMET3% ₹452 Cr 2,026,242 EIH Ltd (Consumer Cyclical)
Equity, Since 31 Jul 14 | EIHOTEL3% ₹432 Cr 24,353,076
↑ 600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 21 | HDFC3% ₹396 Cr 1,500,000
↓ -200,000 Shoppers Stop Ltd (Consumer Cyclical)
Equity, Since 31 Jul 09 | SHOPERSTOP3% ₹359 Cr 5,055,650 7. Franklin India Equity Fund
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% . 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 Returns for Franklin India Equity Fund
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 | HDFCBANK9% ₹895 Cr 5,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | ICICIBANK9% ₹891 Cr 10,000,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK7% ₹728 Cr 7,800,000
↓ -300,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY6% ₹603 Cr 4,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 13 | LT5% ₹549 Cr 2,630,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 06 | BHARTIARTL5% ₹524 Cr 6,500,000
↓ -300,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹390 Cr 6,350,000
↓ -150,000 United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Aug 19 | MCDOWELL-N3% ₹294 Cr 3,350,000 Grasim Industries Ltd (Basic Materials)
Equity, Since 31 Jan 19 | GRASIM3% ₹293 Cr 1,700,000
↑ 50,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 13 | HCLTECH3% ₹291 Cr 2,800,000
↓ -200,000 8. BNP Paribas Multi Cap Fund
CAGR/Annualized
return of 12.9% since its launch. Ranked 18 in Multi Cap
category. . 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 Returns for BNP Paribas Multi Cap Fund
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
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% . 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 Returns for Principal Multi Cap Growth Fund
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 | RELIANCE6% ₹108 Cr 422,955 State Bank of India (Financial Services)
Equity, Since 30 Nov 08 | SBIN5% ₹97 Cr 1,580,122 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹87 Cr 979,458
↓ -32,703 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹86 Cr 530,246 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | AXISBANK4% ₹70 Cr 754,268
↓ -46,967 Infosys Ltd (Technology)
Equity, Since 30 Apr 08 | INFY4% ₹70 Cr 462,087 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Dec 21 | HINDUNILVR3% ₹54 Cr 210,253
↓ -18,317 ICRA Ltd (Financial Services)
Equity, Since 30 Apr 22 | ICRA2% ₹45 Cr 97,443
↓ -5,200 Suven Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 22 | SUVENPHAR2% ₹43 Cr 878,213 Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | CROMPTON2% ₹42 Cr 1,234,611 10. Invesco India Multicap Fund
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% . 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 Returns for Invesco India Multicap Fund
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 | ICICIBANK6% ₹148 Cr 1,656,565 Infosys Ltd (Technology)
Equity, Since 31 Mar 22 | INFY5% ₹126 Cr 832,520 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFCBANK4% ₹96 Cr 587,504
↑ 288,726 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 20 | AXISBANK3% ₹71 Cr 756,400 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 22 | RELIANCE3% ₹71 Cr 276,817
↓ -82,789 Indian Bank (Financial Services)
Equity, Since 30 Jun 21 | INDIANB3% ₹60 Cr 2,096,711 State Bank of India (Financial Services)
Equity, Since 31 Mar 21 | SBIN3% ₹60 Cr 970,911 Timken India Ltd (Industrials)
Equity, Since 30 Apr 17 | TIMKEN2% ₹52 Cr 165,971 The Federal Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | FEDERALBNK2% ₹50 Cr 3,581,248
↑ 1,029,046 J.B. Chemicals & Pharmaceuticals Ltd (Healthcare)
Equity, Since 30 Sep 20 | JBCHEPHARM2% ₹48 Cr 249,007
↑ 13,875
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.