Axis Multicap Fund vs Groww Multicap Fund
Axis Multicap Fund and Groww Multicap Fund are both Multi Cap funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +19.49% vs —, 5-year CAGR — vs —, volatility 15.83% vs 20.03%, maximum drawdown −18.08% vs −16.53%. Their portfolios overlap by 32.2% (36 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Axis Multicap | Groww Multicap | |
|---|---|---|
| Fund house | Axis Mutual Fund | Groww Mutual Fund |
| Compared as | Multi Cap | Multi Cap |
| NAV | ₹21.0700 | ₹12.4723 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 23 Dec 2021 | 18 Dec 2024 |
| Track record | 4.9 yrs | 1.9 yrs |
| Fund size (AUM) | ₹11,972 Cr | ₹1,687 Cr |
| Securities held | 108 | 82 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Multicap | Groww Multicap | |
|---|---|---|
| 1 month | +3.08% | +0.51% |
| 3 months | +1.49% | +0.90% |
| 6 months | +9.91% | +7.66% |
| 1 year | +10.43% | +15.51% |
| 3 years (CAGR) | +19.49% | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +16.51% | +12.35% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Axis Multicap | Groww Multicap | |
|---|---|---|
| 2026 (year to date) | +10.60% | +15.03% |
| 2025 | +2.42% | +9.04% |
| 2024 | +33.81% | — |
| 2023 | +38.31% | — |
| 2022 | −0.20% | — |
Risk
| Axis Multicap | Groww Multicap | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.83% | 20.03% |
| Downside volatility ⓘ | 10.67% | 13.06% |
| Sharpe ratio ⓘ | 0.82 | 0.29 |
| Sortino ratio ⓘ | 1.22 | 0.45 |
| Maximum drawdown ⓘ | −18.08% | −16.53% |
| Recovery from that fall | 8 months | 3 months |
| Current fall from peak | −1.22% | −2.32% |
| Rolling 1-year return: worst | −4.22% | +6.94% |
| Rolling 1-year return: median | +14.33% | +16.14% |
| Rolling 1-year return: best | +59.62% | +26.59% |
| Share of 1-year periods with a loss | 6.56% | 0.00% |
Against each fund's benchmark
| Axis Multicap | Groww Multicap | |
|---|---|---|
| Beta ⓘ | 0.94 | 1.08 |
| Alpha (Jensen's, annualised) ⓘ | +6.66% | +10.65% |
| R² ⓘ | 92.42 | 91.80 |
| Upside capture | 115.72% | 140.44% |
| Downside capture | 88.51% | 97.34% |
| Tracking error | 4.61% | 6.00% |
| Information ratio | 1.57 | 1.73 |
| Treynor ratio | 13.19 | 3.72 |
Portfolio
Asset mix
| Axis Multicap | Groww Multicap | |
|---|---|---|
| Equity | 95.40% | 96.01% |
| Cash & equivalents | 4.58% | 3.96% |
Market-cap split (share of fund assets)
| Axis Multicap | Groww Multicap | |
|---|---|---|
| Large Cap | 39.14% | 27.04% |
| Mid Cap | 23.80% | 26.89% |
| Small Cap | 28.52% | 29.81% |
| Unclassified | 3.94% | 12.30% |
Concentration
| Axis Multicap | Groww Multicap | |
|---|---|---|
| Top 10 holdings | 22.87% | 28.11% |
| Effective number of stocks ⓘ | 81.6 | 57.4 |
| Securities held | 108 | 82 |
Portfolio overlap: 32.2%
36 companies are held by both funds; by weight, 32.2% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Axis Multicap | Groww Multicap |
|---|---|---|
| Apar Industries Limited | 2.03% | 2.28% |
| Multi Commodity Exchange of India Limited | 1.97% | 2.28% |
| TD Power Systems Limited | 1.92% | 3.07% |
| Ather Energy Limited | 1.78% | 2.10% |
| GE Vernova T&D India Limited | 1.43% | 1.50% |
| Bharti Airtel Limited | 1.40% | 2.66% |
| Shriram Finance Limited | 1.91% | 1.39% |
| Mahindra & Mahindra Limited | 1.37% | 2.34% |
| Larsen & Toubro Limited | 1.36% | 1.75% |
| Craftsman Automation Limited | 1.56% | 1.24% |
| ICICI Bank Limited | 3.25% | 1.09% |
| BSE Limited | 1.04% | 1.27% |
| State Bank of India | 1.20% | 1.03% |
| Sona BLW Precision Forgings Limited | 2.53% | 1.01% |
| Divi's Laboratories Limited | 1.12% | 1.00% |
Top 10 holdings
Axis Multicap
- ICICI Bank Limited3.25%
- HDFC Bank Limited2.72%
- Sona BLW Precision Forgings Limited2.53%
- Eternal Limited2.41%
- Welspun Corp Limited2.35%
- Apar Industries Limited2.03%
- Multi Commodity Exchange of India Limited1.97%
- TD Power Systems Limited1.92%
- Shriram Finance Limited1.91%
- Ather Energy Limited1.78%
Groww Multicap
- TREPS 01-OCT-20263.48%
- Manipal Payment and Identity Solutions Ltd3.43%
- TD Power Systems Limited3.07%
- Ujjivan Small Finance Bank Limited2.95%
- Hyundai Motor India Ltd.2.72%
- Bharti Airtel Limited2.66%
- Onemi Technology Solutions Limited2.55%
- Ashok Leyland Limited2.49%
- Kanohar Electricals Limited2.42%
- Mahindra & Mahindra Limited2.34%
Sector exposure
| Axis Multicap | Groww Multicap | |
|---|---|---|
| Banks | 15.16% | 6.12% |
| Electrical Equipment | 9.79% | 10.61% |
| Automobiles | 5.01% | 10.13% |
| Auto Components | 10.03% | 9.96% |
| Finance | 4.90% | 9.35% |
| Pharmaceuticals & Biotechnology | 7.82% | 4.42% |
| Capital Markets | 3.84% | 6.09% |
| Retailing | 5.33% | 2.45% |
| Agricultural, Commercial & Construction Vehicles | 0.00% | 4.99% |
| Industrial Products | 3.84% | 4.87% |
| Healthcare Services | 4.26% | 3.26% |
| Unclassified | 0.00% | 3.48% |
| Financial Technology (Fintech) | 1.20% | 3.43% |
| IT - Software | 3.25% | 1.31% |
Questions people ask
What is the difference between Axis Multicap and Groww Multicap returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +10.43% vs +15.51%; 3-year CAGR +19.49% vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Axis Multicap and Groww Multicap compare on risk?
Volatility (36 monthly returns, annualised) 15.83% vs 20.03%; Sharpe ratio 0.82 vs 0.29; Sortino ratio 1.22 vs 0.45; maximum drawdown −18.08% vs −16.53%; beta 0.94 vs 1.08.
How much do Axis Multicap and Groww Multicap overlap?
By weight, 32.2% of the two portfolios is invested in the same companies; 36 stocks are held by both, the largest shared positions being Apar Industries Limited, Multi Commodity Exchange of India Limited, TD Power Systems Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Axis Multicap and Groww Multicap?
Axis Multicap: large cap 39.1%, mid cap 23.8%, small cap 28.5%. Groww Multicap: large cap 27.0%, mid cap 26.9%, small cap 29.8% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
More comparisons
Axis Multicap vs
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 6 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.