Multi-Cap MF schemes: Top Performers

There are ten multicap mutual fund schemes which have the biggest AUM in the segment. These Multi-Cap MF schemes with highest AUM allocation by investors drive the segment. But are these big schemes also the Top Performing funds of the segment?

Largest Multicap Schemes as per AUM on 07 Sep 2019

Kotak leads the pack in terms of the size of AUM followed by HDFC and Motilal Oswal. Axis Multi-cap is the smallest amongst the big AUM fund schemes with over Rs 4,000 crores in its kitty.

Source: AMFI

Top Performing Schemes in Near Term

None of the top five schemes for 1yr investment period were in the list of 3yr investment period top performers with exception of Parag Parikh fund. This gives us clear indication that none of these schemes have similar investment strategy in the multi-cap segment.

Top Performing Schemes – Long Term

In the long-term performance analysis, none of the top five schemes for 5yr investment period were in the list of 10yr investment period top performers. This gives us clear indication that none of these schemes have similar investment strategy in the multicap segment and none of them have strong balance of different market cap stocks to drive long-term growth consistently.