Kotak Multicap Fund vs HDFC Multi Cap Fund
Updated June 2026 · both Multi Cap funds · metrics from AMFI NAVs
In short: Kotak Multicap Fund has the higher 3-year return (+20.57%); Kotak Multicap Fund has the lower expense ratio (0.45%); Kotak Multicap Fund has the better risk-adjusted return (Sharpe 0.63). This is analysis from past data, not a recommendation.
| Metric | Kotak Multicap Fund | HDFC Multi Cap Fund |
|---|---|---|
| 1Y return | +1.62% | -6.30% |
| 3Y CAGR | +20.57% | +14.76% |
| 5Y CAGR | - | - |
| Sharpe ratio | 0.63 | 0.55 |
| Max drawdown | -21.0% | -20.2% |
| Volatility | 16.8% | 15.7% |
| Alpha | +6.61% | +1.94% |
| Expense ratio (Direct) | 0.45% | 0.97% |
| AUM | ₹23.1K Cr | ₹19.2K 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?
Kotak Multicap Fund has the lower Direct-plan expense ratio (0.45%), versus 0.97% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
Kotak Multicap Fund has the higher 3-year CAGR (+20.57%). 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.