HDFC Multi Cap Fund, the topper in the category, gave around 35.63% in 2023. The scheme manages assets of Rs 10,000 crore. Kotak Multicap Fund gave 34.28%. Nippon India Multi Cap Fund, the largest scheme in the multi cap category based on assets, gave 33.85%. The scheme manages assets of Rs 22,695.37 crore. ETMutualFunds also compared the performance of six toppers with their respective benchmarks. All the toppers – six schemes that gave over 30%- have managed to beat their respective benchmarks.
The multi cap schemes are benchmarked against Nifty500 Multicap 50:25:25 – TRI. The benchmark offered 28.81% in 2023.
According to Amfi data, the multi cap category in 2023 has witnessed an inflow of Rs 18,293.82 crore.
The asset under management of multi cap category as on November 30, 2023 stands at Rs 1.03 lakh crore. The asset under management of the multi cap category has surged by 55.91% in 2023, from Rs 66,099.74 crore in January to Rs 1.03 lakh crore in November.
Note, the above exercise is not a recommendation. The exercise was done to analyse the performance of the category in 2023. One should not make investment or redemption decisions based on one-year performance.
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. These schemes are typically recommended to aggressive investors with a long investment horizon.
