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NS Wealth Research
Nippon India Multi Cap Fund
Details as per 28-Feb-2026
NSW RANK – 1
For March 2026
Category: Multi-Cap Equity Scheme
Who should invest?
Nippon India Multi Cap is a 21-year-old scheme, and it is best suited for investors seeking greater diversification in their equity portfolio without having to reconfigure their portfolio during volatile equity markets. Additionally, the scheme also offers the fund manager the flexibility to take an additional 25% allocation to debt, which can provide the portfolio with a hedge from downside risk. But looking at the scheme’s overall track record, the fund is not meant for risk-averse investors because, over the years, the scheme’s fund management style has not been very successful in providing adequate protection in falling markets.
Available Options:
Growth , IDCW (Income Distribution cum Capital Withdrawal) , IDCW Reinvestment
Latest Returns:
| 1 Year | 3 Year | 5 Year |
|---|---|---|
| 4% | 23% | 26% |
Portfolio Details
| Top Sector Holdings | Details |
|---|---|
| Financials | 25.09% |
| Consumer Discretionary | 19.18% |
| Industrials | 16.53% |
| Healthcare | 9.41% |
| Energy & Utilties | 8.92% |
| Consumer Staples | 6.38% |
| Technology | 5.68% |
| Materials | 5.81% |
| Diversified | 1.48% |
| Portfolio Concentration | Details |
|---|---|
| No. of Stocks | 125 |
| Top 10 Stocks | 30.37% |
| Top 5 Stocks | 19.49% |
| Top 3 Sectors | 61.51% |
| Portfolio P/B Ratio | 4.21 |
| Portfolio P/E Ratio | 30.7 |
| Top Stock Holdings | Details |
|---|---|
| HDFC Bank | 5.69% |
| ICICI Bank | 4.37% |
| Axis Bank | 3.85% |
| GE Vernova T&D | 3.04% |
| Infosys | 2.54% |
| Max Financial | 2.48% |
| NTPC | 2.24% |
| Reliance Industries | 2.21% |
| Linde India | 2.02% |
Frequently Asked Questions -FAQs
Is it good to invest in the Nippon India Multicap Fund?
The Nippon India MultiCap fund is good or bad depending on the investor’s risk-taking capacity and risk profile. The fund requires the fund manager to allocate 50% of the fund’s portfolio to mid- and small-cap companies, which means the fund can experience sharper drawdowns during market corrections than a standard large-cap fund. Investors seeking to achieve financial goals with a 10-year or longer term are likely to invest in a fund like this.
Can one invest in the Nippon India Multi Cap Fund through a Direct plan?
Yes, one can invest in the Nippon India Multicap Cap Fund through a Direct plan. The scheme offers both the Direct and Regular Plan. As a Certified Investment Advisor, NS Wealth offers only fee-based mutual fund advisory services, so we consider only direct plans for advisory purposes.
What are the key risks associated with investing in the Nippon India Multi Cap Fund?
Who is the fund manager of the Nippon India Multi Cap Scheme?
The Lead fund manager of the Nippon India Multi Cap scheme is Sailesh Raj Bhan, who has been managing the scheme since March 2009. On the other hand, Kinjal Desai manages the scheme’s overseas portfolio, and Amber Singhania acts as the Co-manager and manages the mid- and small-cap portion of the scheme’s portfolio.
How does Nippon India Multi Cap Fund’s expense ratio compare to its peers?
According to NS Wealth’s research, the expense ratio of the Nippon India Multi Cap fund stands at 0.71% for its direct plan and 1.49% for its regular plan. The funds stand between peers in its category, which means it is neither cheap nor costly.
Disclaimer
The Information in the ranking model and scheme information details is provided solely for general information and educational purposes and shall not constitute any advice or recommendation. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance is not an indicator of future returns.
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