While investors in multi-cap scheme may be panicking after the recent SEBI tweak, there is really no need for it as of now as any rejig or more so if there is any fundamental change in the attribute of the fund, it shall be notified to you. However these schemes which are open-ended schemes were built to provide diversification across sizes i.e. in large, mid- and small cap stocks. And through this new norm multi-cap schemes will become true to their label instead of being more heavy on the large-cap stocks.
Here are some of the multi-cap schemes which have managed to deliver over 20% return in a1-year time:
1. Parag Parikh Long Term Equity Fund:
Launched in the year 2013, the scheme's 1-year annualized return has been 23%. 5-year returns from the fund has been 14%. SIP returns have been good too. Investors can take the SIP route in the mutual fund with a minimum of Rs. 1000. SIP returns on an annualized basis for a 5-year term stand at 14.61%.
The scheme was one of the earliest to allocate some funds in international equities and has done well.
The fund's international exposure is up to 35% and comprises stocks such as Amazon, Google, Facebook, Suzuki Motocorp ADRs and Microsoft.
2. PGIM India Diversified Equity Fund- Growth:
This is a CRISIL 5-star rated fund and commands an 1-year annualized return of 24.52% against category average of 6.78%. SIP 1-year return from the fund has been a staggering 37.9%. And investors can take the SIP route in just Rs. 100 as well as for lump sum payment the amount that be invested is Rs. 100.
Canara Robeco Equity Diversified-Regular Plan-Growth:
With very good performance among peers this is also a CRISIL 5-star rated fund and 5-year return from the fund are 10.02% and 1-year returns are at 14%. For the investment via SIP route, once needs to invest a minimum Rs. 1000 on a monthly basis. Annualised SIP returns in one year have been 19.5%.
Note the returns are taken from Moneycontrol website as on September 16, 2020
Disclaimer: We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor.