SBI Multicap Fund – Regular Plan Growth: Latest Details
Fund Name: SBI Multicap Fund
Plan: Regular Plan
Option: Growth
Latest NAV: ₹16.4764
NAV Date: 16 October 2026
Daily NAV Change: +₹0.05 (+0.29%)
AUM: Approximately ₹23,455.66 crore as reported for September 2026
Expense Ratio: 1.87% (reported 29 September 2026; verify the latest rate)
Benchmark: NIFTY 500 Multicap 50:25:25 TRI
Risk Level: Very High; verify the current official Riskometer.
NAV and fund figures are date-specific and may change. Verify the latest figures before investing.
Check the latest NAV: SBI Mutual Fund – Official NAV Page
Portfolio Allocation
One of the key strengths of SBI Multicap Fund is its diversified portfolio. Unlike single-category equity funds, a multicap fund invests across large-cap, mid-cap, and small-cap companies. This approach enables the fund manager to capture growth opportunities across different segments of the equity market while complying with SEBI’s multicap allocation requirements.
The portfolio is actively reviewed and rebalanced based on market conditions, company fundamentals, valuations, and long-term growth prospects.
- Minimum 25% in Large Cap Companies
- Minimum 25% in Mid Cap Companies
- Minimum 25% in Small Cap Companies
- Remaining allocation based on fund manager’s investment strategy
Asset Allocation
| Asset Class | Purpose |
|---|---|
| Large Cap Stocks | Portfolio stability and consistent long-term growth |
| Mid Cap Stocks | Higher growth opportunities with moderate risk |
| Small Cap Stocks | Potential for higher returns with higher volatility |
| Cash & Other Assets | Liquidity and portfolio management |
Note: Actual asset allocation changes periodically. Always refer to the latest monthly factsheet before investing.
Top Holdings
The fund generally invests in fundamentally strong companies across different industries. The exact holdings may change depending on market opportunities and the fund manager’s outlook.
| Company | Sector |
|---|---|
| Update from Latest Factsheet | Financial Services |
| Update from Latest Factsheet | Information Technology |
| Update from Latest Factsheet | Banking |
| Update from Latest Factsheet | Healthcare |
| Update from Latest Factsheet | Consumer Goods |
Top holdings are regularly reviewed and may change depending on company performance, valuation, and market outlook.
Sector Allocation
Sector diversification helps reduce concentration risk. SBI Multicap Fund typically invests across multiple sectors such as:
- Banking & Financial Services
- Information Technology
- Healthcare
- Automobile
- Consumer Goods
- Capital Goods
- Energy
- Industrials
- Pharmaceuticals
- Telecommunications
A diversified sector allocation can help the portfolio remain resilient during different phases of the economic cycle.
Historical Performance
Past performance helps investors understand how a fund has behaved across different market cycles. However, historical returns should never be the sole basis for selecting a mutual fund.
| Investment Period | Return |
|---|---|
| 1 Year | Refer Latest Factsheet |
| 3 Years | Refer Latest Factsheet |
| 5 Years | Refer Latest Factsheet |
| Since Inception | Refer Latest Factsheet |
Important: Mutual fund returns are market-linked. Past performance does not guarantee future returns.
Rolling Returns
Experienced investors often evaluate rolling returns rather than point-to-point returns because rolling returns provide a more comprehensive picture of consistency over different market periods.
When analysing SBI Multicap Fund, compare its rolling returns with its benchmark and peer funds to assess consistency.
Risk Analysis
Market Risk
The value of equity investments may fluctuate due to economic events, interest rate changes, corporate earnings, or global market conditions.
Large Cap Risk
Large-cap stocks generally offer stability but may generate relatively moderate growth during strong bull markets.
Mid Cap Risk
Mid-cap companies have higher growth potential but can experience greater volatility.
Small Cap Risk
Small-cap stocks can deliver strong long-term returns but often experience significant short-term price fluctuations.
Liquidity Risk
Although mutual fund units are generally redeemable, market conditions can affect the liquidity of the underlying securities.
Fund Manager’s Investment Approach
The fund manager aims to identify businesses with sustainable earnings, strong balance sheets, competitive advantages, and attractive valuations. Portfolio allocation is adjusted periodically based on market opportunities and the long-term outlook for different sectors and companies.
SIP Investment Examples:
One of the biggest advantages of the SBI Multicap Fund is that you can begin your investment journey with a SIP (Systematic Investment Plan) starting from just ₹500 per month. SIP encourages disciplined investing and allows investors to benefit from rupee cost averaging and the power of compounding.
Rather than trying to predict market highs and lows, a SIP enables you to invest a fixed amount at regular intervals. Over a long investment horizon, this approach can help reduce the impact of market volatility and support long-term wealth creation.
If you’re new to investing, read our complete guide on How to Start a SIP in India.
Illustrative SIP Examples
The following examples are for educational purposes only and assume a hypothetical annual return of 12%. Actual returns may be higher or lower depending on market performance.
| Monthly SIP | Investment Period | Total Investment | Illustrative Value* |
|---|---|---|---|
| ₹500 | 20 Years | ₹1.20 Lakh | Approx. ₹5 Lakh |
| ₹2,000 | 20 Years | ₹4.80 Lakh | Approx. ₹20 Lakh |
| ₹5,000 | 20 Years | ₹12 Lakh | Approx. ₹50 Lakh |
| ₹10,000 | 20 Years | ₹24 Lakh | Approx. ₹1 Crore |
*These values are only illustrations and should not be interpreted as guaranteed returns.
Use our free SIP Calculator to estimate your own investment goals.
Expense Ratio
The expense ratio represents the annual fee charged by the Asset Management Company (AMC) for managing the fund. It covers fund management, administration, registrar services, and operational expenses.
Although the expense ratio may appear small, it can have a noticeable impact on long-term returns. Investors should compare expense ratios while also considering the fund’s investment strategy, consistency, and portfolio quality.
| Plan Type | Expense Ratio |
|---|---|
| Direct Plan | Generally Lower |
| Regular Plan | Generally Higher |
Direct Plans usually have lower expense ratios because there is no distributor commission. However, if you require personalised investment advice and ongoing support, a Regular Plan through a qualified Mutual Fund Distributor may be appropriate.
Read our detailed comparison: Direct vs Regular Mutual Fund – Which Should You Choose?
Taxation of SBI Multicap Fund
Since SBI Multicap Fund is an equity-oriented mutual fund, its taxation follows the rules applicable to equity mutual funds in India. Tax laws may change over time, so investors should always verify the latest provisions before making investment decisions.
| Type of Gain | Holding Period | Tax Treatment |
|---|---|---|
| Short-Term Capital Gain (STCG) | Up to 12 Months | Applicable as per prevailing income-tax rules |
| Long-Term Capital Gain (LTCG) | More than 12 Months | Applicable as per prevailing income-tax rules |
For updated taxation rules, visit the Income Tax Department .
Advantages of SBI Multicap Fund
- Exposure to large-cap, mid-cap, and small-cap companies in one fund.
- Diversified portfolio reduces concentration risk.
- Professionally managed by experienced fund managers.
- Suitable for long-term wealth creation.
- Convenient investment through SIP.
- Potential to benefit from different market cycles.
Limitations to Consider
- Returns are market-linked and not guaranteed.
- Higher volatility than debt-oriented mutual funds.
- Short-term investors may experience significant fluctuations.
- Requires patience and a long investment horizon.
Comparison with Other Popular Multicap Funds
| Fund | Investment Style | Suitable For |
|---|---|---|
| SBI Multicap Fund | Balanced exposure across market capitalisations | Long-term diversified investors |
| Nippon India Multicap Fund | Growth-oriented multicap strategy | Moderate to aggressive investors |
| Kotak Multicap Fund | Diversified equity portfolio | Goal-based investing |
| HDFC Multicap Fund | Blend of value and growth investing | Long-term wealth creation |
Every fund follows its own investment philosophy. Investors should evaluate portfolio quality, consistency, risk-adjusted returns, expense ratio, and suitability for their financial goals rather than selecting a fund based solely on past performance.
Expert Opinion
Key Takeaways
- Diversified investment across large-, mid-, and small-cap companies.
- Broad sector exposure helps reduce concentration risk.
- Designed for long-term wealth creation through active portfolio management.
- Suitable for investors who can tolerate equity market volatility.
- Review portfolio changes periodically before making investment decisions.
SBI Mutual Fund Complete Guide
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