March 23, 2026
RA Jainee
Tata Multicap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 14.08 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 14.08 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 150 |
| Min. No of Cheques | 12 |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| AUM Rs. | 3,168 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.47% |
| 1 Year Return (%) | 7.97 |
| 3 Year Return (%) | 12.80 |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 11.58% |
⚖️ Sahifund Review – Tata Multicap Fund ✔
PLUS: Stability, track record, cost efficiency
• Strong short-term performance (7.97% 1Y) outperforming benchmark and category average, indicating good stock selection
• Balanced multi-cap allocation across large, mid and small caps ensures diversified growth potential
• Competitive expense ratio (0.47%) enhances cost efficiency for long-term investors
• Well-diversified portfolio (70+ stocks) reduces concentration risk
• Backed by Tata Mutual Fund’s disciplined investment framework and experienced fund management team
MINUS: Large AUM, large-cap bias, momentum lag
• Low category rating (1 star) reflects inconsistent performance compared to top multi-cap peers
• Moderate long-term returns (12.80% 3Y) lag leading funds like Kotak and Nippon Multi Cap
• Slight large-cap tilt (~45%) may limit alpha generation in strong mid/small-cap rallies
• Recent outperformance may not sustain due to competitive peer positioning
• Portfolio turnover (~52%) relatively high, indicating frequent churn
Sahifund View (Decisive Line):
A reasonably performing multi-cap fund with cost advantage, but investors should prefer proven category leaders for consistent long-term alpha.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Multi-cap funds are suitable for investors:
1. Seeking exposure in a diversified set of stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization.
Fund Manager:
1) Hasmukh Vishariya
Education: Chartered Accountant
Experience: Prior to joining Tata MF he was associated with Star Union Dai-Ichi Life Insurance Ltd,
2) Meeta Shetty
Education: Ms. Shetty is Bachelor in Economics and CFA Charterholder
Experience: Prior to joining TATA Mutual Fund, she has worked with Kotak Securities, HDFC Securities, AMSEC(Asian Market Securities), Dalal & Broacha Stock Broking and karvey Stock Broking.
3) Murthy Nagarajan
Education: Mr. Nagarajan is a M.Com, ICWA and PGPMS.
Experience: Prior to joining Tata AMC he has worked with Quantum AMC as head fixed income, Mirae Asset Global Investment India Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 150 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
Basic Details of Tata Multicap Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 02-Feb-23 |
| Return Since Launch | 11.58% |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets Rs. | 3,168 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.47% |
| (As on 28-Feb-2026) | |
| Risk Grade | Above Average |
| Return Grade | Low |
| Turnover | 52.30% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Multicap Dir | -9.16 | -2.98 | -8.11 | -8.44 | -7.06 | 7.97 | 12.80 | — | — | — |
| VR Multicap TRI | -11.37 | -2.99 | -8.59 | -10.65 | -11.33 | 1.80 | 16.32 | — | — | — |
| Equity: Multi Cap | -10.03 | -2.89 | -8.14 | -9.59 | -10.37 | 3.27 | 18.10 | — | — | — |
| Rank within category | 12 | 22 | 18 | 9 | 3 | 5 | 18 | — | — | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 35 | 19 | 8 | 0 | 0 |
Peer Comparison of Tata Multicap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Tata Multicap Dir | 1 star | 7.97 | 12.80 | — | 0.47 | 3,168 | 11.58 | 0.50 (30) | 3Y 1M | 52.30 |
| Nippon India Multi Cap Dir | 5 star | 4.81 | 20.38 | 20.43 | 0.71 | 50,820 | 15.54 | 1.00 (365) | 13Y 2M | 26.00 |
| Kotak Multicap Dir | 5 star | 9.45 | 22.71 | — | 0.45 | 23,886 | 15.75 | 1.00 (365) | 4Y 5M | 50.35 |
| HDFC Multi Cap Dir | 4 star | 2.18 | 18.00 | — | 0.79 | 19,528 | 14.61 | 1.00 (365) | 4Y 3M | 35.32 |
| ICICI Pru Multicap Dir | 4 star | 3.78 | 18.98 | 16.47 | 0.94 | 16,315 | 15.48 | 1.00 (365) | 13Y 2M | 94.00 |
Portfolio Analysis of Tata Multicap Fund
| No. of Stocks | 72 |
| Top 10 Stocks | 30.45% |
| Top 5 Stocks | 18.16% |
| Top 3 Sectors | 56.37% |
| Portfolio P/B Ratio | 2.99 |
| Portfolio P/E Ratio | 21.91 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,05,481 | 92,813 |
| Giant (%) | — | — |
| Large (%) | 45.61 | 42.29 |
| Mid (%) | 27.15 | 28.30 |
| Small (%) | 27.24 | 29.41 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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