2 multi-cap mutual funds offering up to 31% SIP returns in 3 years
The domestic market has experienced significant volatility this year, with a year-to-date decline of more than 10%. It’s best to start diversifying your portfolio now when the Sensex is at 3.90% and the Nifty 50 is at 3.74% near the 52-week low, to avoid the impact of any sector or trend. a class of shares across your entire portfolio. a volatile market. Multi-cap mutual funds can be useful for diversification since the fund manager invests in all large-, mid-, and small-cap stocks, which produces superior market-based returns over the long term with a diversified portfolio . The fund can produce a significant risk-adjusted return to support your equity wealth over a three to five year period. Multi-cap funds are required to invest 25% of their total assets in large, mid and small capitalization companies or at least 65% investment in equities and equity-related securities, according to the SEBI classification which indicates that the fund can create a significant risk-adjusted return for your long-term equity wealth support of 3 to 5 years. Here are the two multi-cap funds that, taking fund category into account, have produced SIP returns of up to 31% over the past three years.
Quant Active Fund – Direct Growth Plan
Quant Active Fund – Direct Plan-Growth was launched on January 7, 2013 and as of March 31, 2022, the assets under management (AUM) of the fund were ₹2,329.31 crores, with a net asset value of ₹392.05 as of July 1, 2022. SIPs in this fund can be launched with as little as Rs. 1000 per month and the fund has an expense ratio of 0.58%. Since inception, Quant Active Fund Direct-Growth has generated average returns of 19.24% per annum and 5.47% over the past year. The fund has produced SIP returns of 31.49% over the past three years, 21.41% over the past two years and 24.43% over the past five years. The fund has its diversified asset allocation across the services, consumer staples, healthcare, financials, metals and mining sectors and the fund’s top 5 holdings are in ITC Ltd., Vedanta Ltd. ., State Bank of India, Patanjali Foods Ltd., Larsen & Toubro Ltd..
Nippon India Multicap Fund – Direct Plan-Growth
The fund was established on 2nd January 2013 and as of 31st March 2022 Nippon India Multi Cap Fund Direct-Growth had Assets Under Management (AUM) of Rs. 11638.57 Cr with its Net Asset Value (NAV) being Rs. 148.74. The minimum investment amount required for SIP in this fund is Rs. 500, and its expense ratio of 1.39% may be higher than the category average. Since its launch, Nippon India Multi Cap Fund Direct-Growth has generated average returns of 13.42% each year and 11.76% over the past year. The fund has produced a SIP return of 22.67% in 2 years and a SIP return of 22.29% in 3 years. The fund’s top 5 holdings are Linde India Ltd., ICICI Bank Ltd., HDFC Bank Ltd., Indian Hotels Co. Ltd. and Housing Development Finance Corp. The fund’s asset allocation covers the financials, services, capital goods, technology and automotive sectors.