Top six multi cap funds in 2023; HDFC Multi Cap Fund offers 35.63%
The multi cap schemes are benchmarked against Nifty500 Multicap 50:25:25 - TRI. The benchmark offered 28.81% in 2023.
Source: indiatimes.com
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Top News In Multi Cap Funds Today - Breaking & Trending Today
Magic of compounding: Investing ₹1 lakh would have grown to ₹8 lakh in this mutual fund in 10 years
An investment of ₹1 lakh in Quant Active Fund would have grown to ₹8 lakh in ten years’ time. A similar amount of investment in Invesco India Multicap Fund would have fetched a return of ₹5.40 lakh in 10 years
Source: livemint.com
191 NFOs mobilise over Rs 50,000 crore in 2023
Mutual funds were busy launching new schemes or NFOs in 2023. Investors happily joined the party.
Source: indiatimes.com
​7 equity mutual fund categories that got high inflows in 2023
The stock market was upbeat in 2023. The positive mood resulted in higher inflows in equity schemes. Seven equity categories got over Rs 10,000 crore in 2023.
Source: indiatimes.com
Why are investors flocking to multi cap funds?
Since January 2021 when AMFI started providing data for these categories, multi cap funds attracted a cumulative inflow of Rs 58,373.8 crore compared with Rs 48742.2 crore in the flex cap funds.
Source: indiatimes.com