Upwardly presents to you the best Multicap funds for 2019 – 2020.
|Rank||Fund Name||Returns (5 YRS)||Growth of ₹1 lakh in 5 years*||Invest|
|1||Mirae Asset India Equity Fund||19.00%||₹2.39 lakhs||Invest|
|2||Kotak Standard Multicap Fund||19.18%||₹2.40 lakhs||Invest|
|3||Parag Parikh Long Term Equity Fund||16.57%||₹2.15 lakhs||Invest|
|4||SBI Magnum Multi Cap Fund||19.04%||₹2.39 lakhs||Invest|
|5||Aditya Birla Sun Life Equity Fund||18.64%||₹2.35 lakhs||Invest|
|6||ICICI Prudential Multicap Fund||16.71%||₹2.17 lakhs||Invest|
|7||Franklin India Equity Fund||16.50%||₹2.15 lakhs||Invest|
|8||Principal Multi Cap Growth Fund||17.33%||₹2.22 lakhs||Invest|
|9||HDFC Equity Fund||16.16%||₹2.11 lakhs||Invest|
|10||UTI Equity Fund||15.34%||₹2.04 lakhs||Invest|
Here’s a list of the best multicap funds in India 2019:
This fund is one of the best multicap fund to invest in India. The investment process is focused on a bottom-up approach with a well-diversified approach. The fund follows a growth style of investment. It has the flexibility to invest across sectors, themes & market caps. The fund has beaten its category by 3-4 percentage points in the 3 and 5-year returns. It outperformed the benchmark by 2-3 percentage points. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.35 lakhs now.
The fund has performed consistently in all the economic cycles. It has beaten the benchmark and the peers in all the seven years since launch. The fund has beaten the benchmark by 3-6 percentage points and category by 4 percentage points in the 3 and 5-year returns. Among its peers, the fund has given better and consistent returns. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.27 lakhs now.
This is a diversified equity fund. It is a local fund with a global focus. This is one of only a handful of Indian mutual fund schemes to invest in a basket of Indian and foreign stocks. Its investment universe is not restricted by any self-imposed limitations in terms of sector, market capitalization, geography, etc. However, an average of 65% of its corpus is invested in listed Indian equities. Also, the fund buys securities at a discount to intrinsic value this will help to create value for investors. The investment philosophy is to invest in such value stocks.
Furthermore, fund managers follow an active investment strategy primarily based on fundamental research. The fund follows a bottom-up stock selection approach. The fund has beaten the benchmark by 2 percentage points and category by 1 percentage point in the 5-year return. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.17 lakhs now.
This fund filters stocks based on compounding ability, capital efficiency, quality of management and potential for growth. The fund has managed particularly large outperformance of the category as well as the benchmark both in 2015 and 2016, which were good years for mid-cap stocks but challenging years for large-cap stocks. This show has led to its three-year and five-year returns beating its category by 1-4 percentage points and the benchmark by 1-6 percentage points. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.15 lakhs now.
The fund selects businesses offering visible and consistent earnings growth at reasonable valuations, which suggests a growth bias. However, the fund also proactively looks out for well-run businesses with no immediate triggers but available at a deep value. Therefore, this results in a blend of growth and value styles of investing. It’s three- and five-year returns are now 1-3 percentage points above the benchmark returns and 3 percentage points higher than the category returns. A SIP of ₹5,000 p.m. in this fund started 5 years ago is worth ₹4.11 lakhs now.
What are Multi Cap Mutual Funds?
These schemes offer the fund manager the freedom to invest across large-cap, midcap and small cap stocks or any sectors that he believes are going to benefit in the coming days. This means the investor need not worry about where the action is going to be or chasing the action or worry about missing out on rallies in some pockets of the market. Chances are that the multi-cap fund may have meaningful exposure to the segment already. Since the scheme also invests in mid or small-cap stocks, it is riskier than large-cap schemes that invest predominantly in very large companies. However, because of the exposure to mid and small cap stocks, multi-cap schemes are comparatively riskier and can also offer higher returns.
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