Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Multi Cap Fund

Holds 120 companies worth ₹53,402 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹53,767 CrNippon India Multi Cap Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.5% on Aug 2026, ₹56,298 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 7.1% of this scheme's NAV.

  • Fund manager

    Sailesh Raj BhanRuns it since 1 Mar 2005, as the fund house dates it. With Yatin Matta (co-manager).

Overview(8 Oct 2026)

Fund managers2

  1. Sailesh Raj BhanFund manager · Mar 2005 · 30y · CFA MBA
  2. Yatin MattaCo-manager · Sept 2026 · 14y
  1. Ashutosh BhargavaSept 2021 – Mar 2026

Key facts

Benchmark
NIFTY 500 Multicap 50:25:25 TRI
Risk
Very High
Expense
Regular 1.62% · Direct 0.88%
Exit load
10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter.
Started
28 Mar 2005
Minimum
₹100

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(23 changes)

Oct 2026

1 change
  1. Expense ratio
    8 OctRegular 1.6% → 1.62%Direct 0.87% → 0.88%

Sept 2026

1 change
  1. Yatin Matta joined
    28 Septas co-manager

Aug 2026

2 changes

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Mar 2005 – now)

  1. Sailesh Raj Bhan
  2. Yatin Matta
  3. Ashutosh Bhargava
MainCoSlice200620102014201820222026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
22 changesRegularDirectΔ pt
8 Oct 20261.62%0.88%0.01
23 Aug 20261.60%0.87%0.03
9 Aug 20261.57%0.84%0.02
9 Jul 20261.57%0.86%0.04
9 Jun 20261.53%0.82%0.04
14 May 20261.50%0.78%0.23
7 May 20261.73%1.01%0.05
9 Apr 20261.77%1.06%0.34
9 Mar 20261.50%0.72%0.01
9 Feb 20261.49%0.71%0.01
8 Jan 20261.50%0.72%0.01
9 Dec 20251.49%0.71%0.01
10 Nov 20251.50%0.72%0.01
10 Sept 20251.51%0.73%0.02
8 Aug 20251.52%0.71%0.02
10 Jun 20251.52%0.73%0.03
10 May 20251.55%0.76%0.02
10 Feb 20251.57%0.78%0.05
10 Jan 20251.55%0.73%0.01
10 Dec 20241.54%0.72%0.01
20 Sept 20241.55%0.73%0.01
20 Aug 20241.56%0.74%–
Direct plan, 8 Oct 2026
0.88%
Regular plan 1.62% · Exit load 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load, Redemption of units would be done on First in First out Basis (FIFO): 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. Nil, thereafter.
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(8 Oct 2026)

Objective

The primary investment objective of the scheme is to seek to generate capital appreciation & provide long term growth opportunities by investing in a portfolio constituted of equity securities & equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities. There is no assurance that the investment objective of the Scheme will be achieved

Risk, type and benchmark

Riskometer
Very High
At launch
Moderately High
Type
An open-ended equity scheme investing across large cap, mid cap, small cap stocks
Benchmark
NIFTY 500 Multicap 50:25:25 TRI

Asset allocation it may hold% of NAV

  1. Equity & Equity Related Instruments –
    Allowed75–100%Holds99.3%
  2. Large Cap^ Companies –
    Allowed25–50%
  3. Mid Cap^ Companies –
    Allowed25–50%
  4. Small Cap^ Companies –
    Allowed25–50%
  5. Debt & Money Market Instruments
    Allowed0–30%Holds0.7%
  6. Units issued by REITs and InvITs
    Allowed0–10%Holds0.0%

Holds in Sept 2026.99.3% equity · 0.7% debt and cash

How to invest(8 Oct 2026)

Buying

To start
₹100, then in multiples of ₹1
To add
₹100, then in multiples of ₹1
Most
Any
Systematic
SIP - Monthly, Quarterly, Yearly SWP - Monthly / Quarterly / Half yearly / Yearly STP - Daily/ Weekly/ Fortnightly/ Monthly / Quarterly
Dates
SIP - 1st to 31th of a month SWP - 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) STP - 1st to 28th of a month
Minimum
SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500, then sIP - Rs. 500 if SIP amount is 5,000 per year & Rs. 1 for any other amount SWP - 1 STP - 1
Instalments
SIP - 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 2
Most
SIP - Any SWP - Any STP - Any

Selling and switching

To redeem
₹100 or Any units
Switch minimum
₹100

Scheme details(8 Oct 2026)

What it is

Category
Equity: Multi Cap Fund
Offer
14 Feb 2005 to 7 Mar 2005
Started
28 Mar 2005
Reopened
1 Apr 2005
Plans
Direct Growth Plan Bonus Option Bonus · Direct Plan IDCW Plan Payout · Direct Plan IDCW Plan Reinvestment · Direct Growth Plan Growth Option Growth · Growth Plan Bonus Option Bonus · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth Option Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank
Auditor
Walker Chandiok & Co LLP
Registrar
KFin Technologies Limited
SEBI code
NIMF/O/E/MCF/05/01/0025