Multi Cap Mutual Funds are favored by investors for their twin benefits of high returns and stability. These are funds that invest in a blend of large caps, mid caps and small cap shares of companies. Fund managers invest in these shares depending on the valuation and outlook for each category.
Here are the top 5 multi-cap diversified equity funds for 2017
- Kotak Select Focus Fund – Launched back on July 22, 2009, it has delivered a return of 15.17% since launch. Over the past 5, 3 and 1 year, it has given 20.86 percent per annum, 24.71 percent per annum, and 33.79 percent. The asset size for the fund is Rs. 8467 and the expense ratio is 1.99 percent. The expense ratio is lowest among its peer funds. The fund currently has an exposure of 77% in Large Cap Stocks and balance 23% in Mid and Small Cap Stocks. The fund can be relied upon for its consistency. The Fund is managed by Mr. Harsha Upadhaya since Aug, 2012.
- Birla Sun Life Advantage Fund – Launched in February 1995, it has delivered a per annum return of 35.20 percent, 26.47 percent, 20.57 percent in the past 1, 3 and 5 year period. Since the past ten years, it has returned 12.33 percent per annum while since launch, it has delivered 18.71 percent return per annum. The expense ratio is 2.38 percent while the asset fund size is Rs. 2,694 crore. A veteran fund, it has managed to weather bear markets while taking advantage of bull markets. The multi-cap is biased towards large caps and has grown better with time. The fund does not believe in taking major cash calls and remains fully invested in the market.
- Franklin India Prima Plus Fund – Launched on September 29, 1994, this fund has done a commendable job over the years; the returns per annum have been 25.36 percent, 23.03 percent, 18.86 percent and 15.02 percent in the past 1, 3, 5 and 10 years. Since its launch, the fund has delivered 19.17 percent return per annum. The asset fund size is Rs 10,450 crore while the expense ratio is 2.24 percent. On an average, the fund is 65-70 percent tilted towards large caps, 20 to 30 percent towards mid caps with some 10 percent allocation to small caps. The fund focusses on companies with good track records, their future business strategies and the ability to create wealth on a continual, sustained basis.
- SBI Magnum Multiplier Fund – One of the oldest mutual funds in the multi-cap equity space, it was launched on February 28, 1993. It has delivered a per annum return of 14.74 percent since launch and 25.77 percent, 21.98 percent, 18.78 percent and 14.22 in the past 1, 3, 5 and 10 year period. The asset fund size is Rs. 1702 crore while the expense ratio is 2. 12 percent. Known to be consistent for many years, the fund has turned to be a significant alpha generator in the past two years. The fund has proved to be a fabulous bet at both bear and bull markets.
- Birla Sun Life Equity Fund – The fund was launched on August 27, 1998, and has been delivering per annum return of 37.92 percent, 26.44 percent, 21.17 percent and 14.05 percent in the past 1, 3, 5 and 10 year period. The fund has returned 24.88 percent per annum since launch. The total asset size for the fund is Rs. 4,214 crore and the expense ratio is 2. 28 percent. The fund has 80 percent exposure in large cap stocks; the fund is quite reliable for containing losses. In the past two years, the fund has moved up the performance ladder.