As per Association of Mutual Funds in India, a multi cap mutual fund should have at least 75 per cent investment in equity and equity-related instruments. So, the fund manager can invest in the company of any market capitalisation. The manager can shift money from non-performing cap to the performing cap based on market conditions.
Top 7 multicap SIP mutual funds in 3 years: Multicap mutual funds invest in large, mid and small cap companies. So, they can provide stability and growth both. As per Association of Mutual Funds in India, a multi cap mutual fund should have at least 75 per cent investment in equity and equity-related instruments. So, the fund manager can invest in the company of any market capitalisation. The manager can shift money from non-performing cap to the performing cap based on market conditions. As per Value Research, the multicap mutual fund category has given 42.37 per cent annualised return (CAG) in 1 year and 21.23 per cent in 3 years. In this write-up, know which are the top 7 multicap mutual funds in terms of annualised SIP returns (XIRR) in 3 years, and what Rs 25,000 monthly SIP in each of them has turned into during that period.
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Nippon India Multi Cap Fund – Direct Plan
The fund has given 36.08 per cent annualised SIP returns in 3 years. It has an asset base of Rs 34,943 crore, while its net asset value (NAV) is Rs 314.3489
A Rs 25,000 monthly SIP in the fund, or total investment of Rs 9 lakh, has turned into Rs 14,98,332 in 3 years.
ITI Multi Cap Fund – Direct Plan
The fund has had a 32.89 per cent annualised SIP return in 3 years. It has assets under management (AUM) of 1,285 Rs crore, while its NAV is priced at Rs 26.4815.
A Rs 25,000 monthly SIP in the fund has given Rs 14,37,112 in 3 years.
ICICI Prudential Multicap Fund – Direct Plan
The fund has given 32.08 per cent annualised SIP returns in 3 years. It has AUM of Rs 13,025 crore, while its NAV rate is Rs 863.1600
A Rs 25,000 monthly SIP in the fund has turned into Rs 14,21,830 in 3 years.
Mahindra Manulife Multicap Direct
The fund has given 31.82 per cent SIP return in 3 years. The fund has an asset base of Rs 4,091 crore, while its NAV price is Rs 39.8177.
A Rs 25,000 monthly SIP in the fund has given Rs 14,16,937 in the 3-year time frame.
The fund has given 30.65 per cent annualised SIP return in 3 years. It has an asset base of Rs 11,249 crore, while its NAV is Rs 764.9314
A Rs 25,000 monthly SIP in the fund has converted into Rs 13,95,139 as of today’s date.
Baroda BNP Paribas Multi Cap Direct
The fund has given 29.15 per cent SIP return in 3 years. It has an asset base of Rs 2,610 crore, while its NAV is Rs 308.9517.
A Rs 25,000 monthly SIP int eh fund has given Rs 13,67,356 in the fund in 3 years.
Invesco India Multicap Direct
