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Two Multi cap funds side by side: returns, costs, size, risk and how much their portfolios overlap.
Nippon India Multi Cap Fund vs Mahindra Manulife Multi Cap Fund, as of 9 Nov 2026: Nippon India Multi Cap Fund NAV ₹331.00, 3Y CAGR 13.5%, expense ratio 0.89%; Mahindra Manulife Multi Cap Fund NAV ₹46.76, 3Y CAGR 17.9%, expense ratio 0.94%; about 20% of their portfolios overlap.
As of · Source: AMFI NAVs and fund-house disclosures
| Nippon India Multi Cap Fund Direct Growth | Mahindra Manulife Multi Cap Fund Direct Growth | |
|---|---|---|
| Category | Multi cap | Multi cap |
| Fund house | Nippon India Mutual Fund | Mahindra Manulife Mutual Fund |
| Plan | Direct Plan · Growth Option | Direct Plan · Growth |
| NAV | ₹331.00 (9 Nov 2026) | ₹46.76 (9 Nov 2026) |
| 1Y return | −0.1% | 11.6% |
| 3Y CAGR | 13.5% | 17.9% |
| 5Y CAGR | 15.0% | 14.4% |
| Since launch (CAGR) | 15.5% | 17.6% |
| Expense ratio | 0.89% | 0.94% |
| AUM | ₹53,767 cr | ₹7,766 cr |
| Risk-o-meter | Very High | Very High |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Exit load | 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First… | - An Exit Load of 1% is payable if Units are redeemed / switched-out upto 3 months from the date of allotment from the date of allotment; - Nil if Units are redeemed / switched-out after 3 months from the date of allotment. |
| Minimum SIP | ₹100 | ₹500 |
| Holdings | 120 | 74 |
| Top 10 holdings weight | 28.4% | 30.0% |
| Portfolio overlap | About 20% by weight, from the latest disclosed holdings | |
Returns are point-to-point for each plan, after its expense ratio; periods over one year are CAGR. Past performance is not indicative of future results.
Open in the compare tool: growth charts, SIP outcomes and shared holdings →Nippon India Multi Cap Fund has the higher 5-year CAGR (as of 9 Nov 2026): Nippon India Multi Cap Fund 15.0% a year vs Mahindra Manulife Multi Cap Fund 14.4% a year. Past performance is not indicative of future results.
Nippon India Multi Cap Fund costs less: Nippon India Multi Cap Fund charges 0.89% a year and Mahindra Manulife Multi Cap Fund 0.94% a year.
Nippon India Multi Cap Fund is larger: Nippon India Multi Cap Fund manages ₹53,767 cr and Mahindra Manulife Multi Cap Fund ₹7,766 cr (as of 9 Nov 2026).
About 20% of their portfolios overlap by weight (the smaller weight of each common holding, summed), from the latest disclosed holdings.
Both are rated "Very High" on SEBI's risk-o-meter.
We don't give recommendations. Jivani Markets is not a SEBI-registered investment adviser or research analyst. Whether a fund suits you depends on your goals, horizon and risk appetite; speak to a SEBI-registered investment adviser or an AMFI-registered mutual fund distributor before investing.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future results.
Returns are for Direct plans, after expenses (TER is already in the NAV). Research, not advice: we do not say a fund suits you. Disclaimer