HDFC Multi Cap Fund vs ICICI Prudential Multicap Fund
Updated June 2026 · both Multi Cap funds · metrics from AMFI NAVs
In short: ICICI Prudential Multicap Fund has the higher 3-year return (+18.39%); HDFC Multi Cap Fund has the lower expense ratio (0.97%); ICICI Prudential Multicap Fund has the better risk-adjusted return (Sharpe 0.80). This is analysis from past data, not a recommendation.
| Metric | HDFC Multi Cap Fund | ICICI Prudential Multicap Fund |
|---|---|---|
| 1Y return | -6.30% | +1.58% |
| 3Y CAGR | +14.76% | +18.39% |
| 5Y CAGR | - | +16.05% |
| Sharpe ratio | 0.55 | 0.80 |
| Max drawdown | -20.2% | -17.2% |
| Volatility | 15.7% | 14.7% |
| Alpha | +1.94% | +5.85% |
| Expense ratio (Direct) | 0.97% | 1.06% |
| AUM | ₹19.2K Cr | ₹15.9K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
HDFC Multi Cap Fund has the lower Direct-plan expense ratio (0.97%), versus 1.06% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
ICICI Prudential Multicap Fund has the higher 3-year CAGR (+18.39%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.