April 1, 2026
RA Jainee
UTI Multi Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 21.39 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | — |
| Min. Investment (Rs.) | 1,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 6 |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| AUM Rs. | 1,874 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.65% |
| 1 Year Return (%) | — |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | -7.10% |
⚖️ Sahifund Review – UTI Multi Cap Fund ✔
PLUS: Diversification, portfolio balance, SIP relevance
✓ UTI Multi Cap Fund offers a well-balanced true multi-cap allocation, with meaningful exposure to large-cap (41.26%), mid-cap (28.73%) and small-cap (30.01%), which is exactly what investors expect from this category.
✓ The portfolio is spread across 73 stocks, which gives strong diversification and reduces single-stock concentration risk for long-term investors.
✓ Expense ratio at 0.65% is fairly reasonable for an actively managed multi-cap strategy, making it suitable for SIP-based long-term investing.
✓ Portfolio valuations also look relatively healthier with P/E of 18.87 and P/B of 3.38, which is not excessively stretched compared to many growth-heavy peers.
✓ UTI Mutual Fund adds strong legacy, credibility and process comfort, which is important for investors looking at a long-term diversified equity allocation.
MINUS: No long track record, peer gap, recent weakness
⚖️ The biggest drawback is that this is still a new fund (launched May 2025), so investors do not yet have 1-year, 3-year or 5-year consistency data to evaluate properly.
⚖️ Return since launch is still negative at -7.10%, which shows the fund has not yet proven itself in difficult market conditions.
⚖️ Peer comparison is currently not very impressive, especially when compared with stronger and more seasoned multi-cap funds like Nippon India, Kotak and ICICI Prudential Multi Cap.
⚖️ Turnover at 51% is moderate-to-high, and while diversification is a strength, a 73-stock portfolio can also dilute alpha if stock selection does not become sharper over time.
Sahifund View (Decisive Line):
UTI Multi Cap Fund looks structurally sound for SIP investors, but as of now it remains more of a “watchlist-worthy emerging fund” than a proven category leader.
👉 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?
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 by investing predominantly in equity and equity related securities of companies across the market capitalization spectrum.
Fund Manager:
1) Karthikraj Lakshmanan
Education: Mr. Lakshmanan is Commerce Graduate, PGDBM (from SPJIMR, Mumbai), CA and has cleared CFA Level 3 (US CFAI).
Experience: Prior to joining UTI Mutual Fund, he was associated with Baroda BNP Paribas AMC (Jul 14, 2008), ICICI Prudential AMC as Senior Research Analyst (Mar 9, 2007-Jul 10, 2008), Goldman Sachs Services Pvt. Ltd. as Business Analyst (Apr 3, 2006-Mar 6, 2007) and with ICICI Bank as Management Trainee.
Investment Details
| Min. Investment (Rs) | 1,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 90 days |
Basic Details of UTI Multi Cap Fund
| Fund House | UTI Mutual Fund |
| Launch Date | 16-May-25 |
| Return Since Launch | -7.10% |
| Benchmark | Nifty 500 Multicap 50:25:25 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs) | Rs 1,874 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.65% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 51.00% |
UTI Multi Cap Fund Returns
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| UTI Multi Cap Dir | -13.66 | -2.02 | -10.54 | -13.66 | -9.23 | — | — | — | — | — |
| VR Multicap TRI | -14.16 | -2.39 | -10.95 | -14.16 | -10.87 | — | — | — | — | — |
| Equity: Multi Cap | -12.55 | -2.21 | -10.31 | -12.55 | -9.58 | — | — | — | — | — |
| Rank within category | 27 | 7 | 22 | 27 | 16 | — | — | — | — | — |
| Number of funds in category | 37 | 37 | 37 | 37 | 37 | 35 | 19 | 8 | 0 | 0 |
Peer Comparison of UTI Multi Cap 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 (%) | |
| UTI Multi Cap Dir | Unrated | — | — | — | 0.65 | 1,874 | -7.10 | 1.00 (90) | 10M | 51.00 |
| Nippon India Multi Cap Dir | 5 star | -0.63 | 18.60 | 19.60 | 0.71 | 50,820 | 15.19 | 1.00 (365) | 13Y 2M | 26.00 |
| Kotak Multicap Dir | 5 star | 3.44 | 21.58 | — | 0.45 | 23,886 | 14.83 | 1.00 (365) | 4Y 6M | 50.35 |
| HDFC Multi Cap Dir | 4 star | -2.76 | 16.57 | — | 0.79 | 19,528 | 13.73 | 1.00 (365) | 4Y 3M | 35.32 |
| ICICI Pru Multicap Dir | 4 star | -1.85 | 17.25 | 15.83 | 0.94 | 16,315 | 15.15 | 1.00 (365) | 13Y 2M | 94.00 |
UTI Multi Cap Fund Portfolio
| No. of Stocks | 73 |
| Top 10 Stocks | 28.57% |
| Top 5 Stocks | 18.45% |
| Top 3 Sectors | 53.30% |
| Portfolio P/B Ratio | 3.38 |
| Portfolio P/E Ratio | 18.87 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 95,111 | 92,813 |
| Giant (%) | — | — |
| Large (%) | 41.26 | 42.29 |
| Mid (%) | 28.73 | 28.30 |
| Small (%) | 30.01 | 29.41 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Quicklinks
- Chanakyanipothi.com
- Staffavailable.com
- BigGaddi.com
- Latest IPO GMP
- Best Stocks to buy today
- Grey Market Premium
- Upcoming IPOs
- Subscription Status