There were 16 multi cap schemes. All the schemes in the category posted negative returns in the quarter. Top losers in the category lost around 10%. Quant Active Fund lost the most around 9.94%. SBI Multicap Fund and Kotak Multicap Fund lost around 5.88% and 5.30% respectively in the quarter.
Four multi cap schemes lost around 4%, and six schemes lost 3%. Three schemes lost around 2%. Nippon India Multi Cap Fund lost the lowest of around 2.01% in the quarter that ended in March 2023.
Though all 16 schemes in the category posted negative returns, 14 schemes managed to outperform their benchmarks.
As per the recent AMFI data, the multi cap category received a total inflow of Rs 4,467.35 crore. The category received the highest inflow of Rs 1,977.36 crore in February. The net asset under management for the multi cap category as on March 31, 2023 was Rs 67,337.88 crore.
Multi cap schemes are recommended to investors with a higher risk appetite and long investment horizon. These schemes invest 25% each in large cap, mid cap, and small cap stocks. Their exposure to mid and small cap stocks makes them extremely risky, but with the potential to offer higher returns.
