Top 3 Multicap Funds To Invest In 2023

Based on 3-year returns and Crisil ratings, there are top three multicap equity mutual funds in India. Crisil has given a 5-star rating to one fund and the other two have got a 4-star rating. These funds have a proven track record of performance and are managed by experienced fund managers. They invest in a variety of stocks across different sectors, which helps to reduce risk.

Here are the top 3 multi-cap funds to invest in 2023, along with a brief overview of each.

1. Nippon India Multi Cap Fund (Growth)

Fund size: Rs 15,087.68 crores
Annualized Returns over 3 years: 36.67%%
Annualized Returns since inception: 15.19%
Expense ratio: 1.07%
Crisil rating: 5-star rating

The Nippon India Multi Cap Fund is a that invests in a variety of stocks across different sectors. The fund has 98.66% investment in domestic equities of which 40.87% is in large-cap stocks, 16.72% is in mid-cap stocks, and 17.86% in small Cap stocks.

This scheme is the best-performing scheme among its peers, as per the Crisil rating. The fund has a good track record of performance and has consistently outperformed the benchmark index. The fund is managed by a team of experienced fund managers who have a proven track record of picking winning stocks.

2. ICICI Prudential Multi Cap Fund (Growth)

Fund size: Rs 7172.97 crores
Annualized Returns over 3 years 27.47%
Annualized Returns since inception: 15.35%
Expense ratio: 1.06%
Crisil rating: 4-star rating

The ICICI Prudential Multi Cap Fund is an equity scheme that invests in a variety of stocks across different sectors. The fund has 93.96% investment in domestic equities of which 39.64% is in large-cap stocks, 19.37% is in mid-cap stocks, and 19.73% is in small-cap stocks.

As per the Crisil rating, this equity fund is an above-average performer amongst its peers. The fund has a good track record of performance and has consistently outperformed the benchmark index. It is managed by a team of experienced fund managers who have a proven track record of picking winning stocks.

3. Quant Active Fund (Growth)

Fund size: Rs 4,062 crores
Annualized Returns over 3 years 39.55%
Annualized Returns since inception: 19.63%
Expense ratio: 0.58%
Crisil rating: 4-star rating

The Quant Active Fund is a multi-cap fund that has investments in stocks from across sectors and the market cap. The fund has 98.66% investment in domestic equities of which 40.87% is in large-cap stocks, 16.72% is in mid-cap stocks, and 17.86% is in small-cap stocks.

As per the Crisil rating, this equity fund is an above-average performer amongst its peers. The fund uses a quantitative approach to investing, which means that it uses data and algorithms to make investment decisions. The fund has a relatively short track record, but it has outperformed the benchmark index in the past 3 years.

Conculsion

These are just a few of the many multicap funds available in India. These are extremely risky mutual funds, as the minimum investment in this equity fund category is mandated to be extremely high. However, it is important to note that all investments carry some risk, and there is no guarantee that these funds will generate positive returns.

When choosing a multicap fund, it is important to consider your investment goals, risk tolerance, and time horizon. You should also compare the fees and performance of different funds before making a decision.

Also note, it is important to remember that past performance is not a guarantee of future returns. Before investing in any mutual fund, it is important to do your research and understand the risks involved.

Disclaimer

Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.