The multi cap category outperformed the benchmarks in the first half of the year.
There were 16 schemes in the multi cap category. All the schemes in the category were in green. Nippon India Multi Cap Fund offered the highest return of around 14.31%, followed by HDFC Multi Cap Fund (13.33%). Quant Active Fund offered the lowest return of 1.39%.
Quarterly performance
During April-June quarter in 2023, all the schemes in the multi cap category managed to offer double-digit returns. The category offered an average return of around 14.06%. During the same period, the benchmark indices, Nifty500 Multicap 50:25:25 – TRI, and NIFTY 500 – TRI, offered around 15.39%, and 13.25% respectively.
During the quarter that ended in June 2023, Nippon India Multi Cap Fund was the topper with around 16.65% returns, followed by HDFC Multi Cap Fund that offered 16.38%. Tata Multicap Fund offered the lowest return of around 10.87%. All 19 schemes in the category have offered more than 10% return in the quarter that ended in June.
During January-June 2023, out of 16 schemes, 12 schemes outperformed their respective benchmarks. During April-June, out of 19, five multi cap schemes managed to beat their respective benchmarks. However, only five schemes outperformed their respective benchmarks in both the horizons.
As per AMFI data, during January-May 2023 (last available data), the multi cap category received a total inflow of Rs 4,778.17 crore. The asset under management for multi cap category as on May 31,2023 was Rs 74,016.91 crore.
Note, the above exercise is not a recommendation. The main purpose of this exercise is just to find out how multi cap schemes performed in the first half of 2023. One should not make investment or redemption decisions based on the above exercise. One should always choose schemes based on risk appetite, investment horizon and goal.
We considered the regular and growth options. The returns for January to June 2023 were calculated from January 2,2023 to June 30,2023. The quarterly returns for the quarter that ended in June 2023 were calculated from April 3, 2023 to June 30, 2023.
Multi cap schemes invest across large cap, mid cap,small cap stocks. As per the SEBI norms, the schemes are mandated to invest 25% of total assets each in large cap, mid cap, small cap stocks.
