Nippon India Multi Cap Fund vs Kotak Multicap 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%); Nippon India Multi Cap Fund has the better risk-adjusted return (Sharpe 0.93). This is analysis from past data, not a recommendation.
| Metric | Nippon India Multi Cap Fund | Kotak Multicap Fund |
|---|---|---|
| 1Y return | -3.74% | +1.62% |
| 3Y CAGR | +17.36% | +20.57% |
| 5Y CAGR | +19.15% | - |
| Sharpe ratio | 0.93 | 0.63 |
| Max drawdown | -18.6% | -21.0% |
| Volatility | 15.1% | 16.8% |
| Alpha | +4.90% | +6.61% |
| Expense ratio (Direct) | 0.72% | 0.45% |
| AUM | ₹49.4K Cr | ₹23.1K 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 0.72% 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.