Nippon India Multi Cap Fund Direct-Growth
Benchmark: Nifty 500 Multicap 50:25:25 TRI · Inception: 01/01/2013 · NAV: ₹316.88 (01/10/2026)
AUM: ₹56298 Cr · Expense Ratio: 0.88% · Riskometer: Very High
The fund outperforms its peers in terms of Alpha (3.64 vs 3.16) and Sharpe ratio (0.44 vs 0.32). However, it faces higher risk metrics than the category average with a Std Dev of 15.72 vs 9.86 and a Beta of 0.9 vs 0.56.
The fund delivers an Alpha of 3.64 compared to the Category Alpha of 3.16, indicating outperformance relative to its benchmark. Additionally, it achieves a Sharpe ratio of 0.44 which is higher than the Category Sharpe of 0.32, and a Sortino ratio of 0.62 versus the category average of not being specified but implicitly supported by the superior Alpha.
The fund exhibits a Std Dev of 15.72, which is significantly higher than the Category Std Dev of 9.86. Furthermore, its Beta of 0.9 is notably higher than the Category Beta of 0.56, indicating more volatility than its peers.
The fund carries a higher risk profile than the category average due to a Beta of 0.9 versus 0.56 and a Std Dev of 15.72 versus 9.86. This makes it suitable for aggressive investors who can tolerate higher volatility in exchange for potential alpha.
The fund effectively generates higher alpha and Sharpe ratios than its category peers but does so by taking on significantly more volatility and beta than the average peer. It is a strong performer for high-risk tolerant investors seeking outperformance over standard category averages.
Nippon India Multi Cap Fund carries an overall rating of 3.0/5 (Selective Buy), showing moderate standing within the Multi Cap category. Its alpha of 3.64 outperformss the category average of 3.16, reflecting superior stock selection. The Sharpe ratio of 0.44 sits above the category mean of 0.32, while volatility (std dev 15.72%) is higher than peers (9.86%), indicating relatively higher volatility. With a 5-year CAGR of 15.14% and expense ratio of 0.88%, investors should weigh cost-adjusted returns carefully.
| Period | CAGR |
|---|---|
| 1Y | -4.10% |
| 3Y | 11.73% |
| 5Y | 15.14% |
| 10Y | 15.00% |
| Since Launch | 15.25% |
- ✅ Alpha 3.64 exceeds category avg 3.16 — superior active management
- ⚠️ Higher volatility 15.72% vs peers 9.86%
- ⚠️ Negative 1Y return (-4.10%) — recent underperformance