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Nippon India Multi Cap Fund

Multi Cap Fund · Nippon Life India Asset Management Limited

In plain words

Among the 124 similar multi cap funds we track, this one has grown money at about the average pace. ₹1 lakh invested 5 years ago would be about ₹2.1 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹29.6 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹57,250. Funds like this reward patience and punish panic-selling.

New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.
Nippon India Multi Cap Fund has fallen 43% from a peak. See that fall charted in rupees, and every month it took to recover.
See the drawdown free →

Nippon India Multi Cap Fund is a multi cap fund from Nippon Life India Asset Management Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 15/99 (its recent momentum versus category peers) and a King Score of 56/100 (a long-term quality composite). The current NAV is ₹324.51 (as of 2026-09-16).

At a glance. Long-term quality (King Score): 56/100 · Current momentum (RS): 15/99 · 5-year CAGR: 16.1% · Worst-ever fall: -42.75%
15RS rating
56King Score
12.07%3Y CAGR
16.1%5Y CAGR
-42.75%Max drawdown
0.37Sharpe 3Y
0.61%Expense
53410AUM ₹Cr
ReturnsYear by yearSIP returnsRiskIn a crashCategory rankConsistencyHoldingsManagerPeersFAQ

Growth of ₹100 - last 5 years

2021-092026-08
What ₹100 invested 5 years ago would be worth today, from actual NAV history.

Nippon India Multi Cap Fund returns: last 1, 3, 5 and 10 years

PeriodThis fundCategory average
1 month-4.32%-2.97%
3 months-1.21%2.52%
6 months3.9%12.23%
1 year-2.77%4.57%
3 years (CAGR)12.07%13.71%
5 years (CAGR)16.1%13.65%
10 years (CAGR)15.27%15.22%

The last 10 years return of Nippon India Multi Cap Fund works out to 15.27% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹4.1 lakh today. The last 5 years return is 16.1% a year (₹1 lakh → ₹2.1 lakh), and the last 3 years return is 12.07% - behind its category's 13.71% average by 1.6 points. Its trailing one-year return is -2.77%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.

Year-by-year returns

YearNippon India Multi CapBenchmark
2018-1.5%-3.4%
2019+2.8%+7.7%
2020+0.8%+16.7%
2021+49.9%+30.2%
2022+15.0%+3.0%
2023+39.1%+25.8%
2024+26.8%+15.2%
2025+4.9%+6.7%
2026-2.0%-5.8%

Nippon India Multi Cap Fund beat its benchmark in 6 of the last 9 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.

Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.

What a monthly SIP in Nippon India Multi Cap Fund would have made

A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.

SIP durationYou investedIt becameXIRR
3 years₹370,000₹403,1075.65%
5 years₹610,000₹864,18313.88%
10 years₹1,210,000₹2,963,78417.04%

Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹2,963,784 - an XIRR of 17.04%. Figures are pre-tax and assume you stayed invested throughout.

Risk & drawdowns

MeasureThis fundCategory average
Worst drawdown (lifetime)-42.75%-23.39%
Worst drawdown (3Y)-18.58%-19.3%
Volatility (1Y)17.46%17.81%
Sharpe (3Y)0.370.37
Sortino (3Y)0.640.78
Beta (3Y)1.01.03
Alpha (3Y)3.67%5.36%
Up capture103.9%107.6%
Down capture94.8%94.77%
Bull-market return33.1%33.33%
Bear-market return-34.8%-25.25%

Timing matters more than people admit: the best possible 1-year stretch in Nippon India Multi Cap Fund (starting 2020-10-15) gained 94.2%, while the worst (starting 2019-03-22) lost 38.9%. The worst peak-to-bottom fall Nippon India Multi Cap Fund has ever put investors through is -42.75% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -34.8% annualised, versus 33.1% in rising markets. It has captured roughly 103.9% of its benchmark's up-moves and 94.8% of its down-moves.

How Nippon India Multi Cap Fund behaves when markets fall

When the market is falling (the Nifty below its 200-day average), Nippon India Multi Cap Fund has historically returned about -34.8% annualised, versus roughly 33.1% when the market is rising. Its deepest fall on record is -42.75%. Right now it sits about 4.81% below its all-time high (last hit 2026-08-12). The real question isn't the average year - it's whether you could hold on through the worst one.

How Nippon India Multi Cap Fund ranks in its category

Percentile versus its ~124 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.

3-year return
53th
Drawdown resilience
12th
Consistency
94th
Risk-adjusted (Sharpe)
56th

Consistency (rolling returns)

MeasureValue
Median 3Y rolling CAGR17.32%
3Y windows positive93.6%
Worst 3Y window-8.33%
3Y windows beating Nifty 50069.9%
Median 5Y rolling CAGR16.53%
Median 10Y rolling CAGR16.39%

Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Nippon India Multi Cap Fund returned a median of 17.32% a year, and 93.6% of those windows were positive.

What Nippon India Multi Cap Fund holds

Its latest monthly portfolio disclosure. This is what your money actually owns.

Top holdings

HDFC Bank Limited · Finance
6.0%
ICICI Bank Limited · Financials
4.2%
Axis Bank Limited · Financials
3.5%
GE Vernova T&D India Limited · Industrials
2.9%
Infosys Limited · Information Technology
2.5%
NTPC Limited · Utilities
2.2%
Max Financial Services Limited · Financials
2.1%
Linde India Limited · Materials
2.1%
Larsen & Toubro Limited · Industrials
1.9%
Reliance Industries Limited · Energy
1.9%

Sector allocation

Consumer Discretionary
14.3%
Industrials
13.1%
Financials
12.0%
Health Care
6.5%
Finance
6.0%
Materials
4.8%
Consumer Staples
4.2%
Utilities
4.0%

The top 10 holdings make up 29.2% of the portfolio, across 123 stocks. A higher concentration means the fund's fortunes ride on fewer names.

Portfolio overlap with similar funds

Nippon India Multi Cap Fund shares Axis Multicap Fund (31%), HSBC Multi Cap Fund (22%), LIC MF Multi Cap Fund (3%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.

Who manages Nippon India Multi Cap Fund - and how good are they?

Nippon India Multi Cap Fund is managed by Sailesh Raj Bhan, Kinjal Desai and Amber Singhania. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.

Sailesh Raj Bhan's full record

Sailesh Raj Bhan currently runs 6 funds, across Large Cap Fund, Multi Cap Fund, Sectoral/ Thematic, with about ₹227,414 Cr under management. The book's average King Score is 67.7/100. Their strongest fund by King Score is Nippon India Large Cap Fund (78/100); Nippon India Multi Cap Fund ranks #5 of 6 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
2Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
3Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
4Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
5Nippon India Multi Cap Fund (this page)1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
6Nippon India Multi Cap Fund1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%

Kinjal Desai's full record

Kinjal Desai currently runs 51 funds, across Aggressive Hybrid Fund, Arbitrage Fund, Conservative Hybrid Fund, Corporate Bond Fund and more, with about ₹687,720 Cr under management. The book's average King Score is 71.3/100. Their strongest fund by King Score is Nippon India Corporate Bond Fund (91/100); Nippon India Multi Cap Fund ranks #43 of 51 in their book.

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#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Corporate Bond Fund88911.3%3.0%5.5%7.5%6.8%7.3%0.868.0%-1.7%
2Nippon India Nivesh Lakshya Long Duration Fund87901.1%1.8%2.2%6.1%5.6%n/a-0.116.9%-5.8%
3Nippon India Liquid Fund97861.7%3.5%6.6%7.0%6.4%6.2%1.346.9%-0.2%
4Nippon India Low Duration Fund96861.7%3.4%6.6%7.5%6.7%7.0%1.587.5%-2.0%
5Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
6Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
7Nippon India Short Duration Fund86831.2%2.8%5.8%7.7%6.7%7.3%1.117.9%-2.9%
8Nippon India Conservative Hybrid Fund99821.6%3.5%7.0%8.5%8.2%6.0%0.978.5%-18.9%
9Nippon India Multi Asset Allocation Fund87810.9%4.8%11.7%18.3%15.2%n/a1.1618.4%-9.5%
10Nippon India Ultra Short Duration Fund97801.9%3.7%7.1%7.6%7.0%n/a2.07.0%-5.2%
11Nippon India Gilt Fund84801.2%2.7%3.9%6.3%5.6%7.4%-0.079.3%-6.5%
12Nippon India Low Duration Fund96781.7%3.4%6.6%7.5%6.7%7.0%1.587.2%-10.5%
13Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
14Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
15Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
16Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
17Nippon India Arbitrage Fund86761.6%3.1%6.7%7.3%6.8%6.5%0.836.9%-0.6%
18Nippon India Dynamic Bond Fund69760.8%1.8%5.2%7.2%6.2%6.7%0.367.6%-8.5%
19Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
20Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
21Nippon India Credit Risk Fund75751.8%3.9%8.0%8.9%7.9%6.6%2.658.7%-13.8%
22Nippon India Taiwan Equity Fund9974-6.9%38.3%112.8%58.2%n/an/a1.3336.4%-44.8%
23Nippon India Medium Duration Fund98742.9%3.3%6.6%8.6%6.9%3.8%1.097.0%-29.8%
24Nippon India Gilt Fund84741.2%2.7%3.9%6.3%5.6%7.4%-0.079.2%-11.8%
25Nippon India Value Fund2872-2.4%1.4%-3.6%12.9%13.0%14.8%0.419.1%-38.6%
26Nippon India US Equity Opportunities Fund87716.8%17.5%16.5%19.5%12.2%16.3%0.7616.7%-30.8%
27Nippon India Medium Duration Fund72711.4%2.9%6.2%8.3%6.8%3.7%0.977.0%-29.8%
28Nippon India Innovation Fund68714.6%12.8%0.8%13.9%n/an/a0.49n/a-21.5%
29Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
30Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
31Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
32Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
33Nippon India ELSS Tax Saver Fund3168-1.6%2.2%-0.8%11.1%11.2%10.5%0.315.5%-51.9%
34Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
35Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
36Nippon India Aggressive Hybrid Fund5766-0.1%2.8%-0.2%9.8%10.6%9.8%0.313.9%-42.4%
37Nippon India Gilt Fund84641.2%2.7%3.9%6.3%5.6%7.4%-0.076.9%-36.5%
38Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.5%-32.8%
39Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.6%-32.8%
40Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
41Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
42Nippon India Flexi Cap Fund4056-0.1%5.6%-2.1%9.4%10.4%n/a0.1917.2%-19.8%
43Nippon India Multi Cap Fund (this page)1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
44Nippon India Multi Cap Fund1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
45Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
46Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
47Nippon India Focused Fund3452-1.4%3.9%-1.5%8.3%9.9%12.8%0.1416.7%-43.4%
48Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
49Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
50Nippon India Active Momentum Fund69n/a2.3%10.6%8.8%n/an/an/a0.64n/a-11.8%
51Nippon India MNC Fund27n/a-2.4%4.4%-1.3%n/an/an/an/an/a-13.1%

Amber Singhania's full record

Amber Singhania currently runs 52 funds, across Aggressive Hybrid Fund, Arbitrage Fund, Conservative Hybrid Fund, Corporate Bond Fund and more, with about ₹697,294 Cr under management. The book's average King Score is 71.5/100. Their strongest fund by King Score is Nippon India Corporate Bond Fund (91/100); Nippon India Multi Cap Fund ranks #44 of 52 in their book.

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Swipe the table sideways to see all 13 columns →
#FundRSKing3M6M1Y3Y CAGR5Y CAGR10Y CAGRSharpeRoll 3YWorst fall
1Nippon India Corporate Bond Fund88911.3%3.0%5.5%7.5%6.8%7.3%0.868.0%-1.7%
2Nippon India Nivesh Lakshya Long Duration Fund87901.1%1.8%2.2%6.1%5.6%n/a-0.116.9%-5.8%
3Nippon India Liquid Fund97861.7%3.5%6.6%7.0%6.4%6.2%1.346.9%-0.2%
4Nippon India Low Duration Fund96861.7%3.4%6.6%7.5%6.7%7.0%1.587.5%-2.0%
5Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
6Nippon India Money Market Fund91861.9%3.5%6.6%7.4%6.8%6.8%1.597.4%-0.9%
7Nippon India Short Duration Fund86831.2%2.8%5.8%7.7%6.7%7.3%1.117.9%-2.9%
8Nippon India Conservative Hybrid Fund99821.6%3.5%7.0%8.5%8.2%6.0%0.978.5%-18.9%
9Nippon India Multi Asset Allocation Fund87810.9%4.8%11.7%18.3%15.2%n/a1.1618.4%-9.5%
10Nippon India Ultra Short Duration Fund97801.9%3.7%7.1%7.6%7.0%n/a2.07.0%-5.2%
11Nippon India Gilt Fund84801.2%2.7%3.9%6.3%5.6%7.4%-0.079.3%-6.5%
12Nippon India Balanced Advantage Fund81801.0%4.0%2.4%10.2%9.5%11.0%0.4312.9%-22.8%
13Nippon India Low Duration Fund96781.7%3.4%6.6%7.5%6.7%7.0%1.587.2%-10.5%
14Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
15Nippon India Large Cap Fund3478-1.7%0.1%-5.2%9.9%12.6%13.9%0.2416.8%-40.0%
16Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
17Nippon India Mid Cap Fund3877-0.5%7.8%5.7%17.3%17.2%18.1%0.6222.0%-35.3%
18Nippon India Arbitrage Fund86761.6%3.1%6.7%7.3%6.8%6.5%0.836.9%-0.6%
19Nippon India Dynamic Bond Fund69760.8%1.8%5.2%7.2%6.2%6.7%0.367.6%-8.5%
20Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
21Nippon India Vision Large & Mid Cap Fund2076-0.9%3.8%-1.5%13.4%12.3%12.7%0.4416.9%-45.0%
22Nippon India Credit Risk Fund75751.8%3.9%8.0%8.9%7.9%6.6%2.658.7%-13.8%
23Nippon India Taiwan Equity Fund9974-6.9%38.3%112.8%58.2%n/an/a1.3336.4%-44.8%
24Nippon India Medium Duration Fund98742.9%3.3%6.6%8.6%6.9%3.8%1.097.0%-29.8%
25Nippon India Gilt Fund84741.2%2.7%3.9%6.3%5.6%7.4%-0.079.2%-11.8%
26Nippon India Value Fund2872-2.4%1.4%-3.6%12.9%13.0%14.8%0.419.1%-38.6%
27Nippon India US Equity Opportunities Fund87716.8%17.5%16.5%19.5%12.2%16.3%0.7616.7%-30.8%
28Nippon India Medium Duration Fund72711.4%2.9%6.2%8.3%6.8%3.7%0.977.0%-29.8%
29Nippon India Innovation Fund68714.6%12.8%0.8%13.9%n/an/a0.49n/a-21.5%
30Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
31Nippon India Japan Equity Fund89704.1%15.1%28.8%20.8%10.1%11.9%0.758.1%-29.9%
32Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
33Nippon India Pharma Fund75694.7%11.9%8.9%17.5%13.1%15.4%0.8219.9%-24.0%
34Nippon India ELSS Tax Saver Fund3168-1.6%2.2%-0.8%11.1%11.2%10.5%0.315.5%-51.9%
35Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
36Nippon India Power & Infra Fund4567-3.3%7.6%6.0%17.2%19.8%17.4%0.5717.9%-53.2%
37Nippon India Aggressive Hybrid Fund5766-0.1%2.8%-0.2%9.8%10.6%9.8%0.313.9%-42.4%
38Nippon India Gilt Fund84641.2%2.7%3.9%6.3%5.6%7.4%-0.076.9%-36.5%
39Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.5%-32.8%
40Nippon India Quant Fund2364-1.0%0.4%-1.3%12.7%12.5%13.7%0.3813.6%-32.8%
41Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
42Nippon India Small Cap Fund40623.3%17.1%7.2%14.3%18.2%20.9%0.4625.8%-48.6%
43Nippon India Flexi Cap Fund4056-0.1%5.6%-2.1%9.4%10.4%n/a0.1917.2%-19.8%
44Nippon India Multi Cap Fund (this page)1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
45Nippon India Multi Cap Fund1556-1.2%3.9%-2.8%12.1%16.1%15.3%0.3717.3%-42.8%
46Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
47Nippon India Banking & Financial Services Fund4055-0.5%2.5%2.7%10.9%12.7%12.9%0.2816.5%-50.6%
48Nippon India Focused Fund3452-1.4%3.9%-1.5%8.3%9.9%12.8%0.1416.7%-43.4%
49Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
50Nippon India Consumption Fund41482.6%7.5%-8.1%9.1%12.0%13.2%0.1816.8%-31.0%
51Nippon India Active Momentum Fund69n/a2.3%10.6%8.8%n/an/an/a0.64n/a-11.8%
52Nippon India MNC Fund27n/a-2.4%4.4%-1.3%n/an/an/an/an/a-13.1%

A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.

Cost & fund basics

DetailValue
Expense ratio (Direct)0.61%
Exit load≈1% if redeemed within 1 year (typical)
Minimum investment₹100
Fund size (AUM)₹53,410 Cr
Age13.7 years
Plan / OptionDirect · Growth
BenchmarkNIFTY500

How Nippon India Multi Cap Fund compares to peers

FundRSKing3Y CAGR
Axis Multicap Fund909018.3%
LIC MF Multi Cap Fund808817.1%
HSBC Multi Cap Fund688217.1%
Mahindra Manulife Multi Cap Fund917816.6%
Union Multicap Fund837814.0%
Bank of India Multi Cap Fund827816.8%
Compare side by side. Chart Nippon India Multi Cap Fund against these peers on one screen - rebased returns, drawdowns, rolling windows and stock-level overlap.
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Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.

What these numbers mean

RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.

Nippon India Multi Cap Fund review: the bottom line

On the data, its strengths are beating the Nifty 500 in 69.9% of 3-year windows, a low expense ratio (0.61%). Points to keep your eyes open on: soft recent momentum (RS 15). Whether it fits you depends on your goals, horizon and risk appetite - this page describes the fund, it does not recommend it.

Related

More equity fundsHow we calculate every numberWhat is RS Rating?What is King Score?All blog postsHow to read these numbers

Frequently asked questions

Is Nippon India Multi Cap Fund a good mutual fund?

That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Nippon India Multi Cap Fund scores 56/100 on our King Score and RS 15/99 within its category, has compounded 12.07% a year over three years, and its worst drawdown was -42.75%. Compare those against your needs and the peer table above.

What is the NAV of Nippon India Multi Cap Fund today?

The latest NAV is ₹324.51 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.

What is the last 10 years return of Nippon India Multi Cap Fund?

Over the last 10 years Nippon India Multi Cap Fund has returned about 15.27% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹4.1 lakh today, before tax. See the year-by-year table above for how uneven the ride was.

What is the expense ratio of Nippon India Multi Cap Fund?

The Direct-plan expense ratio is 0.61% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.

Who is the fund manager of Nippon India Multi Cap Fund?

Nippon India Multi Cap Fund is managed by Sailesh Raj Bhan; Kinjal Desai; Amber Singhania.

Is Nippon India Multi Cap Fund safe? How risky is it?

No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -42.75% - ₹1 lakh briefly becoming about ₹57,250. As a equity fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.

Is Nippon India Multi Cap Fund good for SIP?

We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹29.6 lakh (XIRR 17.04%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.

What are the SIP returns of Nippon India Multi Cap Fund?

A ₹10,000/month SIP over 10 years would have grown to about ₹2,963,784 (an XIRR of 17.04%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.

How does Nippon India Multi Cap Fund rank among similar funds?

On 3-year returns it sits around the 53th percentile of its category, and its consistency ranks 94th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.

Is Nippon India Multi Cap Fund tax-efficient / what about capital gains?

As a equity fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.

Direct or Regular plan - which is shown here?

All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.

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Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.

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