Investment Objective and Approach

The scheme aims to invest in stocks across those sectors and industries where India's strong inherent potential is increasingly becoming visible to the world, which are driving our economy and whose fundamental future growth is influenced by ongoing economic reforms, FDI inflows and infrastructural changes. The primary investment objective of Nippon India Multi Cap Fund Direct Growth is to achieve capital appreciation and offer long-term growth opportunities to investors. This is pursued by building a well-balanced portfolio of equity and equity-related securities.

Additionally, the secondary objective of the fund is to generate consistent returns by allocating a portion of its assets to debt and money market securities. This fund is mandated to invest at least 25 per cent of its money each in stocks of large, medium and small-sized companies.

The fund follows a GARP (Growth at a reasonable price) investment strategy, where their fund's portfolio is further built on a GARP (Growth at a reasonable price) strategy. Where businesses with strong fundamentals and good valuations are picked. The fund managers believe in an opportunistic investment with risk optimization. This includes actively looking for alpha-generating stock rather than following short-term momentum.

Key investment features:

- Multi-cap exposure across large, mid and small-cap stocks

- Minimum 65% investment in equity and equity-related securities

- Focus on sectors with strong fundamentals and reasonable valuations

- Long-term capital appreciation approach

Fund Managers

The fund is managed by an experienced team of fund managers:

Sailesh Raj Bhan - President & CIO – Equity Investments

Mr. Sailesh Raj Bhan is President & CIO – Equity Investments at Nippon India Mutual Fund. He has over 27 years of experience in Indian Equity Markets with over 19 years at Nippon Life India ​​Asset Management Limited. An MBA in Finance and CFA by qualification, he has been managing multiple flagship funds namely, Nippon India Large Cap Fund, Nippon India Multi Cap Fund& Nippon India Pharma Fund for over 15 years.

He also oversees two additional funds: Nippon India Pharma Fund since June 2004 and Nippon India Multi Cap Fund since March 2005. He has managed the Nippon India Multi Cap Fund that currently manages around $1.5 billion. He is also Deputy CIO at NIMF.

Ashutosh Bhargava - Head- Equity Research and Fund Manager

Ashutosh Bhargava is Head- Equity Research and Fund Manager at Nippon Life India Asset Management Limited. He has over 26 years of work experience and over 17 years in Investment Research. He is working with Nippon India for over 15 years now. Prior to that, he has worked as an analyst for over 2 years at JP Morgan in their Global Economics Team based out of Mumbai. He specializes in Macro and Rule-based Investment Strategies. Ashutosh has done MBA in Finance from NMIMS, Mumbai.

About the Fund House (AMC)

Nippon India Mutual Funds (formerly Reliance Mutual Fund) is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds.

Nippon India Mutual Fund's (NIMF) asset manager is Nippon Life India Asset Management Limited (NAM India). NAM India's promoters are Reliance Capital Limited and Nippon Life Insurance Company that hold 75.93% of its total issued and paid-up equity share capital.

Key facts about the AMC:

- AUM ₹617,875.25 Cr (as of latest data)

- No. of Schemes 329

- The company is led by its CEO Sundeep Sikka

- Currently, the range of Nippon mutual funds schemes includes 52 equity, 266 debt, and 40 balanced funds

Nippon Life Insurance Company (NLI) is Japan's one of the leading private life insurance company that offers a wide range of financial/traditional insurance products. The asset management operations in Asia are carried out by NLI, through its subsidiary Nissay Asset Management Corporation ("Nissay"), which manages assets globally.

Should I Invest in Nippon India Multicap Fund?

This fund may be suitable for investors who:

Risk Profile and Investment Horizon

Such funds can be fairly volatile since at least 50% of their assets will always be invested in mid and small cap stocks which generally experience more severe ups and downs. The Nippon India Multi Cap Fund Direct Growth is rated Very High risk.

Investment Considerations

- When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

- Warning: Do not invest in this, or any other multi-cap fund, if you need to redeem your investment in less than five years.

- Like for all equity funds, you must invest only through the SIP route.

Performance Track Record

- The fund has delivered a CAGR of 17.16 since inception

- Over the past five years, Nippon India Multi Cap Fund - Direct Plan has delivered an annualised return of 30.25% as of 22-Aug-2025

The fund is suitable for long-term investors with high risk tolerance who seek diversified exposure across market capitalizations and are comfortable with market volatility.

FAQs

What is today's NAV of Nippon India Multicap Fund?

The latest declared NAV of Nippon India Multi Cap Fund - Direct Plan, is ₹332.9676 as of 22-Aug-2025. NAV changes daily based on market movements and is updated after market hours.

What is the AUM of Nippon India Multicap Fund?

The AUM of Nippon India Multi Cap Fund, is ₹45881.41 crore as of the latest available data. AUM represents the total assets managed by the fund.

What is the expense ratio of Nippon India Multicap Fund?

The expense ratio of Nippon India Multi Cap Fund is 0.71% for the direct plan. This is the annual fee charged for managing your investment.

What are the returns of Nippon India Multicap Fund since inception?

The fund has delivered a CAGR of 17.16 since inception. The fund was launched on January 1, 2013, and has consistently delivered strong performance over its operational period.

What is the minimum SIP amount to invest in Nippon India Multicap Fund?

The minimum investment required to start investing in Nippon India Multi Cap Fund is ₹100 for the lump sum option and ₹100 for the SIP (Systematic Investment Plan) option.

How do I invest in Nippon India Multicap Fund?

You can invest through Allvest platform by completing your KYC, selecting the fund, choosing investment amount and mode (SIP/lumpsum). Allvest provides a seamless digital investment experience with easy fund selection and portfolio tracking.

How to start a SIP in Nippon India Multicap Fund?

Through Allvest, select the fund, choose SIP option, set your monthly amount (minimum ₹100), select investment date and duration. The SIP will automatically debit from your bank account on the chosen date each month.

How do I automate an SIP in Nippon India Multicap Fund?

Set up an auto-debit mandate through Allvest platform after selecting your SIP amount and date. This ensures automatic monthly investments without manual intervention, making investing disciplined and convenient.

How can I withdraw/redeem my investment in Nippon India Multicap Fund?

You can redeem through Allvest platform by selecting the fund, choosing redemption amount (partial or full), and submitting the request. For units more than 10% of the investments, an exit load of 1% if redeemed within 12 months. Proceeds are typically credited within 3-4 business days.