Nippon India Multi Cap Fund

December 25, 2025 RA Jainee Leave a reply

Facebook

Pinterest

Twitter

Linkedin

Post Comment Invest Online

Nippon India Multi Cap Fund

⚖️ Sahifund Review – Nippon India Multi Cap Fund

PLUS: Stability, track record, cost efficiency
Nippon India Multi Cap Fund has delivered strong long-term performance, with 3-year (24.14%) and 5-year (26.41%) returns comfortably ahead of its category and benchmark, validating its disciplined multi-cap execution. Mandatory allocation across large, mid and small caps helps capture broad-based market growth over cycles. Despite its size, the fund has maintained consistency across market phases, making it suitable for long-term SIP investors. Expense ratio at 0.71% is reasonable for a multi-cap strategy managing a large and diversified portfolio of 130+ stocks, aiding long-term compounding.

MINUS: Large AUM, large-cap bias, momentum lag
The fund’s very large AUM (Rs. 50,048 Cr) can restrict agility, especially in exploiting smaller mid- and small-cap opportunities. Mandatory 25:25:25 allocation increases volatility, and returns can lag during sharp momentum-led rallies or narrow bull markets. Current portfolio valuations are on the higher side (P/E ~31.8x), which may moderate near-term returns. Short-term performance (1-year return of 4.83%) may test investor patience.

Sahifund View (Decisive Line):
A solid core long-term SIP fund for investors seeking diversified equity exposure across market caps—avoid if you chase short-term momentum or frequent ranking-based switches.

👉 Apply Online | Ask Us MF Queries |

| NFO Guidance |

What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.

Suitable For Which Investors? 
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way. 
This fund is mandated to invest at least 25 per cent of its money each in stocks of large, medium and small-sized companies. Such funds can be fairly volatile since at least 50% of their assets will always be invested in mid and small cap stocks which generally experience more severe ups and downs. This makes them suitable for long-term investors who don’t mind higher risk, but we suggest you also consider flexi-cap funds which offer complete freedom to fund managers to choose companies of different sizes. 
Like for all equity funds, you must invest only through the SIP route. 

Fund’s Investment Strategy: 
The scheme aims to invest in stocks across those sectors and industries where India’s strong inherent potential is increasingly becoming visible to the world, which are driving our economy and whose fundamental future growth is influenced by ongoing economic reforms, FDI inflows and infrastructural changes. 

Fund Manager: 

1) Sailesh Raj Bhan 
Education: Mr. Bhan is an MBA (Finance) and CFA. 
Experience: Prior to joining Nippon India Mutual Fund, he has worked with Emkay Share & Stock Broker Pvt. Ltd, Shah & Sequeira Invst. Pvt. Ltd, ICFAI- Securities Research Center Analyst – Equity Research. 
2) Ashutosh Bhargava 
Education: Mr. Bhargava is B.Com & MBA (Finance) 
Experience: Prior to joining Nippon India Mutual Fund he has worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd.