Nippon India Mutual Fund · Direct Growth · SEBI Category: Multi Cap
Nippon India Multi Cap Fund has one of the longest track records in the multi cap category — the fund has been operational since 2005 under various names (formerly Reliance Equity Opportunities Fund). Managed by Sailesh Raj Bhan — one of India's most experienced equity fund managers — the fund maintains the mandatory 25-25-25 allocation across large, mid and small caps as required by SEBI's September 2020 multi cap regulations.
The fund's nearly 20-year history means investors can study its behavior across the 2008 global financial crisis, the 2013 taper tantrum, the 2018 midcap correction, and the 2020 COVID crash. This multi-cycle evidence is among the richest in the multi cap category. The fund follows a bottom-up stock selection approach within each market cap segment.
Sailesh Raj Bhan is Deputy CIO — Equity at Nippon India Mutual Fund and manages the Nippon India Multi Cap Fund alongside the Nippon India Large Cap Fund. His multi-decade experience in Indian equity markets and consistent investment philosophy across large, mid and small cap stocks makes him one of the more experienced fund managers in the multi cap category.
For current co-manager details and full biography, refer to the latest Nippon India Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| Nippon India Multi Cap Fund ▲ | ₹324.01 | ₹48.4K Cr Jan–Mar 2026 | -0.1% | +18.3% p.a. | +20.1% p.a. | 0.99 |
| ICICI Prudential Multicap Fund | ₹934.21 | ₹15.7K Cr Jan–Mar 2026 | +6.5% | +19.8% p.a. | +17.2% p.a. | 1.15 |
| Kotak Multicap Fund | ₹20.70 | ₹23.1K Cr Jan–Mar 2026 | +6.1% | +21.7% p.a. | — | 1.10 |
| Mahindra Manulife Multi Cap Fund | ₹43.06 | ₹6.0K Cr Jan–Mar 2026 | +8.3% | +20.4% p.a. | +18.0% p.a. | 1.00 |
| Franklin India Multi Cap Fund | ₹10.50 | ₹4.8K Cr Jan–Mar 2026 | +4.7% | — | — | — |
Calculated from 2,566 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Nippon India Multi Cap FundGrowth PlanOption ranks against other Multi Cap funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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