ReviewDirect · GrowthPrefer peers first
Nippon India Multi Cap Fund
Nippon India Mutual FundEquity Schemes - Multi Cap Fund13.8 years
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.
- NAV
- 311.168
- 29 Oct 2026
- 1Y
- -8.0%
- Trailing CAGR
- AUM
- ₹55,587 Cr
- 31 Aug 2026
- Volatility
- High
- 16.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer HSBC Multi Cap Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
Pass
0.89% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Watch
Peak-to-trough -42.8%. Ask whether you can hold through a similar fall.
Vs category
Fail
39% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Yatin Matta · 0.2 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 28.8% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 43%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-8.0%
- 3Y+12.2%
- 5Y+15.0%
- 10Y+14.9%
- SI+15.0%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-7.4%
- 3Y+2.0%
- 5Y+11.7%
- 10Y+16.1%
- Since inception
- +15.0%
- Calendar-day CAGR
- Excess 1Y
- -5.4%
- Category median, same plan and option
- 3Y win rate
- +39%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- +2.0%
- Simulated monthly SIP
- Worst rolling 3Y
- -8.9%
- 2653 daily-ending windows
- Median rolling 3Y
- +16.9%
- Calendar-day CAGR
- Positive rolling 5Y
- +98%
- 2160 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -42.8%
- Worst peak-to-trough
- Current
- -8.8%
- Below last peak
- Current spell
- 85 days
- Days below latest peak
- Time below peak
- +89%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 18 days
- 131 recovered episodes
- Longest recovery
- 385 days
- Trough to prior peak
27 May 2019 – 12 Jan 2021
Trough 23 Mar 2020 · recovered in 295 days
-42.8%
6 Aug 2015 – 16 Mar 2017
Trough 25 Feb 2016 · recovered in 385 days
-23.4%
4 Jan 2013 – 20 Dec 2013
Trough 28 Aug 2013 · recovered in 114 days
-19.5%
26 Sept 2024 – 17 Sept 2025
Trough 3 Mar 2025 · recovered in 198 days
-18.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
16
Consistency
41
Risk-adjusted
55
Drawdown
0
Mean
22
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
- Maximum drawdown exceeded 35%.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 121 holdings · top 10 are 28.8%.
- Top 5
- 20.1%
- Top 10
- 28.8%
- Largest holding
- 6.6%
- Effective holdings
- 57.8
HDFC Bank Ltd
Financial
6.6%
Axis Bank Ltd
Financial
5.1%
Infosys Ltd
Technology
3.4%
ICICI Bank Ltd
Financial
3.1%
Larsen & Toubro Ltd
Industrials
1.8%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
29 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HSBC Multi Cap Fund
HSBC Mutual Fund
- 1Y
- +0.7%
- 3Y
- +16.7%
- Vol
- 15.2%
- Max DD
- -20.1%
- Sharpe
- 0.94
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Kotak Multi Cap Fund
Kotak Mahindra Mutual Fund
- 1Y
- -4.1%
- 3Y
- +15.8%
- Vol
- 15.5%
- Max DD
- -21.0%
- Sharpe
- 0.63
- 3Y win
- +97%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Axis Multicap Fund
Axis Mutual Fund
- 1Y
- +4.0%
- 3Y
- +18.9%
- Vol
- 14.0%
- Max DD
- -18.1%
- Sharpe
- 0.70
- 3Y win
- +96%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
Invesco India Multi Cap Fund
Invesco Mutual Fund
- 1Y
- -3.9%
- 3Y
- +12.4%
- Vol
- 16.0%
- Max DD
- -38.0%
- Sharpe
- 0.70
- 3Y win
- +45%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher TER
WhiteOak Capital Multi Cap Fund
WhiteOak Capital Mutual Fund
- 1Y
- +0.1%
- 3Y
- +17.8%
- Vol
- 14.5%
- Max DD
- -16.9%
- Sharpe
- 0.76
- 3Y win
- +100%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns