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Best Multi Cap Equity Funds in 2025

What are Equity: Multi Cap funds?

Funds Included	All Fund Returns (3Y annualised)	Top 5 fund Returns (3Y annualised)
32	19.21%	22.16%

This fund category is an example of Equity Scheme funds.

These funds mainly invest in equity i.e. shares and equity-related instruments. They are suitable for investors seeking long-term capital appreciation and willing to tolerate short-term market volatility. Equity funds may focus on specific sectors, investment styles, or market capitalizations. Investors with a high risk appetite and long investment horizon may consider investing in equity funds.

Trailing returns for Equity: Multi Cap funds

These are average returns over the indicated period.

Monthly trailing returns:

Nov-2025	Oct-2025	Sep-2025	Aug-2025	Jul-2025	Jun-2025
-0.36%	3.82%	0.83%	-1.68%	-1.76%	3.70%

Quarterly trailing returns:

2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3
3.45%	-2.62%	11.82%	-8.22%	-4.38%	8.69%

Yearly trailing returns:

2025	2024	2023	2022	2021	2020
3.33%	25.10%	34.17%	6.13%	45.58%	16.28%

Rolling returns for Equity: Multi Cap funds

SIP

10% Step-up SIP

Lump sum

SWP

10% Step-up SWP

Metric	Any 1Y SIP	Any 2Y SIP	Any 3Y SIP	Any 5Y SIP	Any 7Y SIP	Any 10Y SIP
Minimum	-16.54%	1.54%	5.72%	4.51%	11.05%	15.15%
Median	14.5%	12.52%	17.92%	18.08%	18.38%	16.4%
Maximum	47.74%	22.79%	29.01%	26.51%	22.3%	18.44%
Risk	14.57%	4.32%	4.77%	4.58%	2.62%	0.83%
Sharpe Ratio	51.5%	127.79%	229.18%	241.6%	434.97%	1132.05%

^{_{Data as of 14-Dec-2025}}

Metric	Any 1Y SIP	Any 2Y 目↑ SIP	Any 3Y 目↑ SIP	Any 5Y 目↑ SIP	Any 7Y 目↑ SIP	Any 10Y 目↑ SIP
Minimum	-16.54%	7.56%	14.7%	16.23%	19.46%	17.69%
Median	14.5%	10.93%	16.45%	17.44%	20.25%	18.2%
Maximum	47.74%	13.56%	17.81%	18.5%	20.91%	18.63%
Risk	14.57%	1.52%	0.98%	0.75%	0.47%	0.3%
Sharpe Ratio	51.5%	257.77%	967.24%	1394.27%	2839.64%	3783.78%

^{_{Data as of 14-Dec-2025}}

Metric	Any 1Y	Any 2Y	Any 3Y	Any 5Y	Any 7Y	Any 10Y
Minimum	-9.25%	9.94%	11.12%	8.05%	13.65%	15.25%
Median	11.66%	18.65%	18.82%	18.05%	16.73%	16.2%
Maximum	42.77%	29.0%	27.99%	26.26%	19.82%	18.01%
Risk	13.48%	4.1%	3.59%	3.61%	1.09%	0.81%
Sharpe Ratio	34.58%	283.87%	328.95%	306.21%	894.49%	1138.12%

^{_{Data as of 14-Dec-2025}}

Metric	Any 1Y SWP	Any 2Y SWP	Any 3Y SWP	Any 5Y SWP	Any 7Y SWP	Any 10Y SWP
Minimum	-14.73%	16.0%	12.17%	10.46%	10.93%	12.8%
Median	13.57%	25.57%	20.1%	17.28%	15.01%	16.27%
Maximum	52.83%	40.09%	34.56%	27.68%	23.17%	19.86%
Risk	17.22%	6.12%	5.01%	4.41%	3.03%	1.73%
Sharpe Ratio	38.16%	303.29%	261.57%	233.19%	264.21%	536.57%

^{_{Data as of 14-Dec-2025}}

Metric	Any 1Y SWP	Any 2Y 目↑ SWP	Any 3Y 目↑ SWP	Any 5Y 目↑ SWP	Any 7Y 目↑ SWP	Any 10Y 目↑ SWP
Minimum	-14.73%	21.97%	22.15%	27.48%	17.82%	13.46%
Median	13.57%	27.44%	22.83%	28.8%	18.16%	13.68%
Maximum	52.83%	32.81%	24.08%	30.42%	19.17%	14.52%
Risk	17.22%	3.21%	0.51%	0.88%	0.4%	0.35%
Sharpe Ratio	38.16%	637.62%	3084.03%	2468.77%	2801.67%	1908.0%

^{_{Data as of 14-Dec-2025}}

Fundwise SIP, Lumpsum and SWP returns

Rolling SIP returns (less than 1 year)

Fund	Any 1M SIP	Any 3M SIP	Any 6M SIP
PGIM India Multi Cap Fund	8.58%	13.41%	21.31%
SBI Multicap Fund	-16.51%	-2.89%	0.72%
Quant Multi Cap Fund	-22.38%	-3.56%	-3.04%
Mirae Asset Multicap Fund	4.24%	19.22%	21.36%
Aditya Birla Sun Life Multi Cap Fund	-13.65%	6.74%	6.89%
Nippon India Multi Cap Fund	-8.73%	-1.6%	2.32%
Groww Multicap Fund	19.64%	23.22%	33.68%
ITI Multi Cap Fund	4.65%	11.13%	7.89%
Bajaj Finserv Multi Cap Fund	30.2%	12.11%	9.42%
HDFC Multi Cap Fund	-7.16%	6.04%	6.75%
Sundaram Multi Cap Fund	-9.5%	6.71%	9.1%
DSP Multicap Fund	18.69%	14.67%	13.59%
Trustmf Multi Cap Fund	20.45%	26.68%	0%
LIC MF Multi Cap Fund	-3.39%	7.14%	11.38%
HSBC Multi Cap Fund	11.59%	14.74%	15.32%
UTI Multi Cap Fund	13.76%	11.77%	11.1%
Union Multicap Fund	-12.78%	8.24%	11.53%
Canara Robeco Multi Cap Fund	9.76%	21.86%	15.97%
Whiteoak Capital Multi Cap Fund	36.19%	28.8%	27.62%
Axis Multicap Fund	-9.59%	3.24%	6.52%
Mahindra Manulife Multi Cap Fund	-3.99%	10.57%	7.88%
Baroda BNP Paribas Multi Cap Fund	-6.74%	5.02%	6.73%
Bandhan Multi Cap Fund	-0.07%	8.81%	8.1%
ICICI Prudential Multicap Fund	-14.07%	0.4%	1.46%
Kotak Multicap Fund	2.49%	18.23%	18.74%
Bank India Multi Cap Fund	5.26%	16.53%	14.28%
Franklin India Multi Cap Fund	19.17%	11.54%	18.8%
Invesco India Multicap Fund	-17.66%	-4.2%	-3.25%
Motilal Oswal Multi Cap Fund	29.72%	20.53%	17.48%
Tata Multicap Fund	11.16%	17.0%	12.94%
Edelweiss Multi Cap Fund	30.6%	24.14%	19.26%
Samco Multi Cap Fund	-8.82%	-8.77%	5.82%

^{_{Data as of 14-Dec-2025}}

Note: Returns for less than one year are annualised. However, given the nature of the calculation, XIRR for such periods are not meaningful.

Rolling SIP returns (1 year or more):

Fund	Any 1Y SIP	Any 3Y SIP	Any 5Y SIP
PGIM India Multi Cap Fund	15.6%	0%	0%
SBI Multicap Fund	16.31%	16.34%	0%
Quant Multi Cap Fund	14.26%	23.17%	28.6%
Mirae Asset Multicap Fund	14.06%	0%	0%
Aditya Birla Sun Life Multi Cap Fund	11.41%	16.14%	0%
Nippon India Multi Cap Fund	15.93%	13.15%	14.05%
Groww Multicap Fund	0%	0%	0%
ITI Multi Cap Fund	12.48%	17.36%	17.86%
Bajaj Finserv Multi Cap Fund	0%	0%	0%
HDFC Multi Cap Fund	20.98%	16.85%	0%
Sundaram Multi Cap Fund	11.65%	16.71%	0%
DSP Multicap Fund	7.6%	0%	0%
Trustmf Multi Cap Fund	0%	0%	0%
LIC MF Multi Cap Fund	30.18%	20.39%	0%
HSBC Multi Cap Fund	16.19%	0%	0%
UTI Multi Cap Fund	0%	0%	0%
Union Multicap Fund	18.63%	0%	0%
Canara Robeco Multi Cap Fund	12.85%	0%	0%
Whiteoak Capital Multi Cap Fund	15.07%	0%	0%
Axis Multicap Fund	25.36%	23.24%	0%
Mahindra Manulife Multi Cap Fund	12.06%	18.42%	19.57%
Baroda BNP Paribas Multi Cap Fund	12.86%	14.13%	14.49%
Bandhan Multi Cap Fund	17.49%	17.64%	0%
ICICI Prudential Multicap Fund	13.91%	16.44%	15.19%
Kotak Multicap Fund	20.39%	21.45%	0%
Bank India Multi Cap Fund	15.43%	0%	0%
Franklin India Multi Cap Fund	13.95%	0%	0%
Invesco India Multicap Fund	9.42%	17.39%	16.77%
Motilal Oswal Multi Cap Fund	16.93%	0%	0%
Tata Multicap Fund	13.45%	0%	0%
Edelweiss Multi Cap Fund	6.25%	0%	0%
Samco Multi Cap Fund	-4.61%	0%	0%

^{_{Data as of 14-Dec-2025}}

SIP Calculator Fund: Duration: 1 Year 3 Years 5 Years SIP Amount (₹):

Rolling Lumpsum returns

Fund	Any 1Y	Any 3Y	Any 5Y
PGIM India Multi Cap Fund	4.68%	0%	0%
SBI Multicap Fund	11.69%	17.32%	0%
Quant Multi Cap Fund	13.84%	19.72%	22.8%
Mirae Asset Multicap Fund	8.88%	0%	0%
Aditya Birla Sun Life Multi Cap Fund	2.6%	17.41%	0%
Nippon India Multi Cap Fund	13.38%	13.34%	13.38%
Groww Multicap Fund	0%	0%	0%
ITI Multi Cap Fund	1.59%	20.48%	19.31%
Bajaj Finserv Multi Cap Fund	0%	0%	0%
HDFC Multi Cap Fund	20.42%	20.54%	0%
Sundaram Multi Cap Fund	12.15%	17.94%	0%
DSP Multicap Fund	3.91%	0%	0%
Trustmf Multi Cap Fund	0%	0%	0%
LIC MF Multi Cap Fund	30.15%	22.15%	0%
HSBC Multi Cap Fund	25.6%	0%	0%
UTI Multi Cap Fund	0%	0%	0%
Union Multicap Fund	25.32%	0%	0%
Canara Robeco Multi Cap Fund	10.88%	0%	0%
Whiteoak Capital Multi Cap Fund	12.96%	0%	0%
Axis Multicap Fund	22.26%	22.99%	0%
Mahindra Manulife Multi Cap Fund	6.17%	20.28%	24.6%
Baroda BNP Paribas Multi Cap Fund	11.52%	13.16%	13.12%
Bandhan Multi Cap Fund	16.6%	19.56%	0%
ICICI Prudential Multicap Fund	11.11%	14.9%	13.58%
Kotak Multicap Fund	14.09%	23.85%	0%
Bank India Multi Cap Fund	13.74%	0%	0%
Franklin India Multi Cap Fund	2.68%	0%	0%
Invesco India Multicap Fund	3.89%	18.6%	19.59%
Motilal Oswal Multi Cap Fund	16.74%	0%	0%
Tata Multicap Fund	9.19%	0%	0%
Edelweiss Multi Cap Fund	6.59%	0%	0%
Samco Multi Cap Fund	-6.12%	0%	0%

^{_{Data as of 14-Dec-2025}}

Rolling SWP returns

Fund	Any 1Y SWP	Any 3Y SWP	Any 5Y SWP
PGIM India Multi Cap Fund	-3.54%	0%	0%
SBI Multicap Fund	4.34%	18.8%	0%
Quant Multi Cap Fund	9.1%	14.94%	14.23%
Mirae Asset Multicap Fund	18.29%	0%	0%
Aditya Birla Sun Life Multi Cap Fund	10.48%	20.01%	0%
Nippon India Multi Cap Fund	12.64%	9.31%	8.34%
Groww Multicap Fund	0%	0%	0%
ITI Multi Cap Fund	-8.85%	24.36%	21.1%
Bajaj Finserv Multi Cap Fund	0%	0%	0%
HDFC Multi Cap Fund	16.44%	26.09%	0%
Sundaram Multi Cap Fund	2.68%	19.76%	0%
DSP Multicap Fund	-0.78%	0%	0%
Trustmf Multi Cap Fund	0%	0%	0%
LIC MF Multi Cap Fund	37.69%	24.24%	0%
HSBC Multi Cap Fund	41.53%	0%	0%
UTI Multi Cap Fund	0%	0%	0%
Union Multicap Fund	29.49%	0%	0%
Canara Robeco Multi Cap Fund	26.96%	0%	0%
Whiteoak Capital Multi Cap Fund	25.46%	0%	0%
Axis Multicap Fund	24.79%	25.16%	0%
Mahindra Manulife Multi Cap Fund	-1.9%	23.44%	32.34%
Baroda BNP Paribas Multi Cap Fund	10.57%	12.65%	9.19%
Bandhan Multi Cap Fund	19.48%	22.0%	0%
ICICI Prudential Multicap Fund	10.72%	12.39%	10.27%
Kotak Multicap Fund	11.59%	27.54%	0%
Bank India Multi Cap Fund	32.45%	0%	0%
Franklin India Multi Cap Fund	-4.45%	0%	0%
Invesco India Multicap Fund	4.98%	20.88%	25.47%
Motilal Oswal Multi Cap Fund	15.31%	0%	0%
Tata Multicap Fund	21.13%	0%	0%
Edelweiss Multi Cap Fund	21.77%	0%	0%
Samco Multi Cap Fund	-8.34%	0%	0%

^{_{Data as of 14-Dec-2025}}

SIP and SWP returns with step-up

Rolling SIP returns with 10% step-up

Fund	Any 1Y SIP	Any 3Y 目↑ SIP	Any 5Y 目↑ SIP
PGIM India Multi Cap Fund	15.6%	0%	0%
SBI Multicap Fund	16.31%	16.06%	0%
Quant Multi Cap Fund	14.26%	6.97%	12.2%
Mirae Asset Multicap Fund	14.06%	0%	0%
Aditya Birla Sun Life Multi Cap Fund	11.41%	15.07%	0%
Nippon India Multi Cap Fund	15.93%	17.78%	21.53%
Groww Multicap Fund	0%	0%	0%
ITI Multi Cap Fund	12.48%	16.73%	17.51%
Bajaj Finserv Multi Cap Fund	0%	0%	0%
HDFC Multi Cap Fund	20.98%	16.51%	0%
Sundaram Multi Cap Fund	11.65%	16.46%	0%
DSP Multicap Fund	7.6%	0%	0%
Trustmf Multi Cap Fund	0%	0%	0%
LIC MF Multi Cap Fund	30.18%	20.09%	0%
HSBC Multi Cap Fund	16.19%	0%	0%
UTI Multi Cap Fund	0%	0%	0%
Union Multicap Fund	18.63%	0%	0%
Canara Robeco Multi Cap Fund	12.85%	0%	0%
Whiteoak Capital Multi Cap Fund	15.07%	0%	0%
Axis Multicap Fund	25.36%	20.11%	0%
Mahindra Manulife Multi Cap Fund	12.06%	17.56%	19.21%
Baroda BNP Paribas Multi Cap Fund	12.86%	16.02%	17.53%
Bandhan Multi Cap Fund	17.49%	15.96%	0%
ICICI Prudential Multicap Fund	13.91%	15.78%	17.82%
Kotak Multicap Fund	20.39%	21.12%	0%
Bank India Multi Cap Fund	15.43%	0%	0%
Franklin India Multi Cap Fund	13.95%	0%	0%
Invesco India Multicap Fund	9.42%	14.48%	16.26%
Motilal Oswal Multi Cap Fund	16.93%	0%	0%
Tata Multicap Fund	13.45%	0%	0%
Edelweiss Multi Cap Fund	6.25%	0%	0%
Samco Multi Cap Fund	-4.61%	0%	0%

^{_{Data as of 14-Dec-2025}}

Rolling SWP returns with 10% step-up

Fund	Any 1Y SWP	Any 3Y 目↑ SWP	Any 5Y 目↑ SWP
PGIM India Multi Cap Fund	-3.54%	0%	0%
SBI Multicap Fund	4.34%	19.02%	0%
Quant Multi Cap Fund	9.1%	14.53%	34.17%
Mirae Asset Multicap Fund	18.29%	0%	0%
Aditya Birla Sun Life Multi Cap Fund	10.48%	19.99%	0%
Nippon India Multi Cap Fund	12.64%	26.73%	35.74%
Groww Multicap Fund	0%	0%	0%
ITI Multi Cap Fund	-8.85%	24.39%	20.97%
Bajaj Finserv Multi Cap Fund	0%	0%	0%
HDFC Multi Cap Fund	16.44%	26.04%	0%
Sundaram Multi Cap Fund	2.68%	19.92%	0%
DSP Multicap Fund	-0.78%	0%	0%
Trustmf Multi Cap Fund	0%	0%	0%
LIC MF Multi Cap Fund	37.69%	24.37%	0%
HSBC Multi Cap Fund	41.53%	0%	0%
UTI Multi Cap Fund	0%	0%	0%
Union Multicap Fund	29.49%	0%	0%
Canara Robeco Multi Cap Fund	26.96%	0%	0%
Whiteoak Capital Multi Cap Fund	25.46%	0%	0%
Axis Multicap Fund	24.79%	26.34%	0%
Mahindra Manulife Multi Cap Fund	-1.9%	23.59%	31.49%
Baroda BNP Paribas Multi Cap Fund	10.57%	22.34%	26.97%
Bandhan Multi Cap Fund	19.48%	21.37%	0%
ICICI Prudential Multicap Fund	10.72%	23.88%	26.79%
Kotak Multicap Fund	11.59%	27.63%	0%
Bank India Multi Cap Fund	32.45%	0%	0%
Franklin India Multi Cap Fund	-4.45%	0%	0%
Invesco India Multicap Fund	4.98%	22.33%	25.44%
Motilal Oswal Multi Cap Fund	15.31%	0%	0%
Tata Multicap Fund	21.13%	0%	0%
Edelweiss Multi Cap Fund	21.77%	0%	0%
Samco Multi Cap Fund	-8.34%	0%	0%

^{_{Data as of 14-Dec-2025}}

Note:N.A. in returns indicate that the fund does not have sufficient history.

Tables have been updated on 14-Dec-2025

How are Equity: Multi Cap funds taxed on selling?

Equity Funds Tax for FY2025-26	STCG Rate	LTCG Eligibility	LTCG Rate
Bought Anytime	20%	After 1Y	12.5% (above 1.25L) w 31Jan18 exemption

Note:

• Dividends from mutual funds (called IDCW or Income Distribution cum Capital Withdrawal funds), are added to the income of the investor and taxed at their highest applicable (slab) rate.
• Cess and surcharge (if applicable) is to be applied to taxes from mutual funds from selling and dividends.
• Switches, SWP and selling any lump sum amount are taxable as per the table above.

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Disclaimer: Mutual fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

Note: NAVs and returns updated on 14-Dec-2025.

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