Multicap vs Flexicap Mutual Funds: Which scheme can better handle market volatility? – Mutual Funds

Multicap vs Flexicap Mutual Funds: Which scheme can better handle market volatility? - Mutual Funds


Multicap vs Flexicap Mutual Funds: During market volatility, investors are often reluctant to reconsider their mutual fund choices, especially when deciding between diversified categories. The multicap and flexicap funds have gained attention in recent years. While both invest across large, mid, and small cap stocks, they differ in how fund managers allocate money across these segments.

As per the AMFI March 2026 mutual fund data released in April 2026, the flexi cap mutual fund category attracted inflows of Rs. 10,054 crores. Within the equity mutual funds category, flexi-cap funds recorded the largest inflows for the eighth consecutive month.

On the other hand, the top multi cap funds have generated historical annualised returns averaging in the mid-to-high teens (e.g., 16-20% over 3-5 year periods according to the fund fact sheet.

Here’s a significant comparison between multi cap and flexicap mutual funds to see which is better placed amid market volatility.

Multicap vs Flexicap Mutual Funds: Which scheme can better handle market volatility?

Multicap funds are mandated to allocate a minimum of 25 per cent of their assets each to large cap, mid cap, and small cap stocks, providing diversified exposure across market segments. In contrast, flexicap funds enjoy the freedom to adjust their allocations across market capitalisations based on prevailing valuations and investment opportunities.

Multicap vs Flexicap Mutual Funds: Which is more suitable for long-term investors in volatile market?

Both flexicap and multicap funds can play complementary roles within an investment portfolio. Rather than focusing on identifying a single category that may outperform, investors should aim to build a well-diversified portfolio with an appropriate allocation across large, mid, and small cap stocks.

Multicap funds can serve as a strong long-term core allocation for investors as they provide disciplined exposure across market capitalisations within a single product, and this allows investors to participate in India’s broader growth story through a combination of established businesses as well as emerging companies across sectors and market segments.

For first-time equity investors, multicap funds can provide a balanced investment approach by blending the relative stability of large cap stocks with the long-term growth potential of mid and small cap companies. Their diversified structure also helps reduce concentration risk by ensuring exposure across different segments of the market.

Performance of multi cap mutual funds

Quant Multi Cap Fund (Direct plan) delivered 13.73% CAGR in 3 years, 13.80% CAGR in 5 years, and 18.35% CAGR in 10 years. The ICICI Prudential Multicap Fund (Direct plan) delivered 19.82% CAGR in 3 years, 17.13% CAGR in 5 years, and 16.12% CAGR in 10 years.
Quant Flexi Cap Fund (Direct plan) delivered 20.09% CAGR in 3 years, 18.13% CAGR in 5 years, and 20.79% CAGR in 10 years. The Parag Parikh Flexi Cap Fund (Direct plan) delivered 15.49% CAGR in 3 years, 15.54% CAGR in 5 years, and 17.82% CAGR in 10 years.

Multicap vs Flexicap Mutual Funds: Which scheme can handle market volatility?

As per the data given above, fund performance and allocation, both multicap and flexicap funds can coexist within a portfolio, as each serves a distinct purpose. While multicap funds ensure mandatory exposure across large, mid, and small cap stocks, flexicap funds give fund managers the flexibility to adjust allocations based on market valuations and opportunities.

Also read: birla-and-others-in-list-article-154447197″ data-type=”tilCustomLink” target=”_blank”>Mutual Fund Losers: Top 10 schemes with over 10% negative returns in 12 months; Tata, HDFC, Bandhan, Aditya Birla and others in LIST

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)



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