Axis Multicap Fund vs ITI Multi Cap Fund
Axis Multicap Fund and ITI Multi Cap Fund are both Multi Cap funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +19.49% vs +17.15%, 5-year CAGR — vs +14.16%, volatility 15.83% vs 17.34%, maximum drawdown −18.08% vs −38.66%. Their portfolios overlap by 32.3% (28 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 | ITI Multi Cap | |
|---|---|---|
| Fund house | Axis Mutual Fund | ITI Mutual Fund |
| Compared as | Multi Cap | Multi Cap |
| NAV | ₹21.0700 | ₹30.1877 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 23 Dec 2021 | 16 May 2019 |
| Track record | 4.9 yrs | 7.5 yrs |
| Fund size (AUM) | ₹11,972 Cr | ₹1,500 Cr |
| Securities held | 108 | 77 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Multicap | ITI Multi Cap | |
|---|---|---|
| 1 month | +3.08% | +1.36% |
| 3 months | +1.49% | +0.78% |
| 6 months | +9.91% | +6.45% |
| 1 year | +10.43% | +12.23% |
| 3 years (CAGR) | +19.49% | +17.15% |
| 5 years (CAGR) | — | +14.16% |
| 7 years (CAGR) | — | +15.21% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +16.51% | +15.90% |
| SIP return (XIRR, 5 years) ⓘ | — | +16.42% |
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 | ITI Multi Cap | |
|---|---|---|
| 2026 (year to date) | +10.60% | +10.04% |
| 2025 | +2.42% | +4.33% |
| 2024 | +33.81% | +22.24% |
| 2023 | +38.31% | +41.14% |
| 2022 | −0.20% | +4.97% |
| 2021 | — | +21.85% |
Risk
| Axis Multicap | ITI Multi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.83% | 17.34% |
| Downside volatility ⓘ | 10.67% | 11.71% |
| Sharpe ratio ⓘ | 0.82 | 0.61 |
| Sortino ratio ⓘ | 1.22 | 0.91 |
| Maximum drawdown ⓘ | −18.08% | −38.66% |
| Recovery from that fall | 8 months | 9 months |
| Current fall from peak | −1.22% | −1.37% |
| Rolling 1-year return: worst | −4.22% | −18.54% |
| Rolling 1-year return: median | +14.33% | +9.88% |
| Rolling 1-year return: best | +59.62% | +84.91% |
| Share of 1-year periods with a loss | 6.56% | 23.56% |
Against each fund's benchmark
| Axis Multicap | ITI Multi Cap | |
|---|---|---|
| Beta ⓘ | 0.94 | 1.02 |
| Alpha (Jensen's, annualised) ⓘ | +6.66% | +4.05% |
| R² ⓘ | 92.42 | 92.64 |
| Upside capture | 115.72% | 114.81% |
| Downside capture | 88.51% | 100.17% |
| Tracking error | 4.61% | 4.82% |
| Information ratio | 1.57 | 0.93 |
| Treynor ratio | 13.19 | 9.42 |
Portfolio
Asset mix
| Axis Multicap | ITI Multi Cap | |
|---|---|---|
| Equity | 95.40% | 96.64% |
| Cash & equivalents | 4.58% | 3.36% |
Market-cap split (share of fund assets)
| Axis Multicap | ITI Multi Cap | |
|---|---|---|
| Large Cap | 39.14% | 39.51% |
| Mid Cap | 23.80% | 26.26% |
| Small Cap | 28.52% | 25.12% |
| Unclassified | 3.94% | 5.75% |
Concentration
| Axis Multicap | ITI Multi Cap | |
|---|---|---|
| Top 10 holdings | 22.87% | 26.84% |
| Effective number of stocks ⓘ | 81.6 | 63.3 |
| Securities held | 108 | 77 |
Portfolio overlap: 32.3%
28 companies are held by both funds; by weight, 32.3% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Axis Multicap | ITI Multi Cap |
|---|---|---|
| ICICI Bank Limited | 3.25% | 3.63% |
| HDFC Bank Limited | 2.72% | 3.01% |
| Multi Commodity Exchange of India Limited | 1.97% | 2.09% |
| TD Power Systems Limited | 1.92% | 3.09% |
| Bharti Airtel Limited | 1.40% | 1.87% |
| Axis Bank Limited | 1.45% | 1.36% |
| Larsen & Toubro Limited | 1.36% | 1.63% |
| Eternal Limited | 2.41% | 1.35% |
| Sai Life Sciences Limited | 1.31% | 1.57% |
| State Bank of India | 1.20% | 1.49% |
| Solar Industries India Limited | 1.15% | 1.39% |
| Divi's Laboratories Limited | 1.12% | 1.40% |
| Reliance Industries Limited | 1.11% | 2.77% |
| Karur Vysya Bank Limited | 1.07% | 1.25% |
| Shriram Finance Limited | 1.91% | 1.01% |
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%
ITI Multi Cap
- Hitachi Energy India Limited3.77%
- ICICI Bank Limited3.63%
- TD Power Systems Limited3.09%
- HDFC Bank Limited3.01%
- Reliance Industries Limited2.77%
- Avalon Technologies Limited2.34%
- Aditya Infotech Limited2.27%
- Multi Commodity Exchange of India Limited2.09%
- One 97 Communications Limited2.00%
- Bharti Airtel Limited1.87%
Sector exposure
| Axis Multicap | ITI Multi Cap | |
|---|---|---|
| Banks | 15.16% | 15.34% |
| Electrical Equipment | 9.79% | 13.18% |
| Auto Components | 10.03% | 4.36% |
| Pharmaceuticals & Biotechnology | 7.82% | 9.02% |
| Chemicals & Petrochemicals | 2.10% | 5.54% |
| Retailing | 5.33% | 1.73% |
| Automobiles | 5.01% | 3.01% |
| Finance | 4.90% | 1.63% |
| Consumer Durables | 3.11% | 4.47% |
| Healthcare Services | 4.26% | 0.87% |
| Industrial Manufacturing | 1.27% | 4.04% |
| Industrial Products | 3.84% | 1.70% |
| Capital Markets | 3.84% | 2.78% |
| IT - Software | 3.25% | 3.06% |
Questions people ask
What is the difference between Axis Multicap and ITI Multi Cap returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +10.43% vs +12.23%; 3-year CAGR +19.49% vs +17.15%; 5-year CAGR — vs +14.16%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Axis Multicap and ITI Multi Cap compare on risk?
Volatility (36 monthly returns, annualised) 15.83% vs 17.34%; Sharpe ratio 0.82 vs 0.61; Sortino ratio 1.22 vs 0.91; maximum drawdown −18.08% vs −38.66%; beta 0.94 vs 1.02.
How much do Axis Multicap and ITI Multi Cap overlap?
By weight, 32.3% of the two portfolios is invested in the same companies; 28 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Multi Commodity Exchange of India 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 ITI Multi Cap?
Axis Multicap: large cap 39.1%, mid cap 23.8%, small cap 28.5%. ITI Multi Cap: large cap 39.5%, mid cap 26.3%, small cap 25.1% (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
All Multi Cap comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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.