Axis Multicap Fund vs Kotak Multi Cap Fund
Axis Multicap Fund and Kotak Multi Cap Fund are both Multi Cap funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +19.69% vs +17.00%, 5-year CAGR — vs +16.40%, volatility 15.82% vs 17.32%, maximum drawdown −18.08% vs −21.00%. Their portfolios overlap by 19.8% (21 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 | Kotak Multi Cap | |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Multi Cap | Multi Cap |
| NAV | ₹21.0300 | ₹21.5020 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 23 Dec 2021 | 6 Oct 2021 |
| Track record | 4.9 yrs | 5.1 yrs |
| Fund size (AUM) | ₹11,972 Cr | ₹30,335 Cr |
| Securities held | 108 | 73 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Multicap | Kotak Multi Cap | |
|---|---|---|
| 1 month | +2.64% | +1.44% |
| 3 months | +1.40% | −1.92% |
| 6 months | +9.53% | +0.75% |
| 1 year | +8.91% | +1.53% |
| 3 years (CAGR) | +19.69% | +17.00% |
| 5 years (CAGR) | — | +16.40% |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +16.47% | +16.23% |
| SIP return (XIRR, 5 years) ⓘ | — | +15.95% |
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 | Kotak Multi Cap | |
|---|---|---|
| 2026 (year to date) | +10.39% | +0.21% |
| 2025 | +2.42% | +7.73% |
| 2024 | +33.81% | +28.75% |
| 2023 | +38.31% | +41.89% |
| 2022 | −0.20% | +11.82% |
Risk
| Axis Multicap | Kotak Multi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.82% | 17.32% |
| Downside volatility ⓘ | 10.67% | 11.80% |
| Sharpe ratio ⓘ | 0.84 | 0.61 |
| Sortino ratio ⓘ | 1.24 | 0.89 |
| Maximum drawdown ⓘ | −18.08% | −21.00% |
| Recovery from that fall | 8 months | 8 months |
| Current fall from peak | −1.41% | −2.08% |
| Rolling 1-year return: worst | −4.22% | −5.84% |
| Rolling 1-year return: median | +14.33% | +12.99% |
| Rolling 1-year return: best | +59.62% | +66.05% |
| Share of 1-year periods with a loss | 6.56% | 5.96% |
Against each fund's benchmark
| Axis Multicap | Kotak Multi Cap | |
|---|---|---|
| Beta ⓘ | 0.94 | 1.02 |
| Alpha (Jensen's, annualised) ⓘ | +6.66% | +3.62% |
| R² ⓘ | 92.42 | 93.72 |
| Upside capture | 115.72% | 111.09% |
| Downside capture | 88.51% | 96.21% |
| Tracking error | 4.61% | 4.43% |
| Information ratio | 1.57 | 0.91 |
| Treynor ratio | 13.19 | 8.95 |
Portfolio
Asset mix
| Axis Multicap | Kotak Multi Cap | |
|---|---|---|
| Equity | 95.40% | 98.49% |
| Cash & equivalents | 4.58% | 1.25% |
| Mutual Fund Units | 0.00% | 0.26% |
Market-cap split (share of fund assets)
| Axis Multicap | Kotak Multi Cap | |
|---|---|---|
| Large Cap | 39.14% | 39.49% |
| Mid Cap | 23.80% | 25.10% |
| Small Cap | 28.52% | 29.48% |
| Unclassified | 3.94% | 4.42% |
Concentration
| Axis Multicap | Kotak Multi Cap | |
|---|---|---|
| Top 10 holdings | 22.87% | 35.17% |
| Effective number of stocks ⓘ | 81.6 | 46.2 |
| Securities held | 108 | 73 |
Portfolio overlap: 19.8%
21 companies are held by both funds; by weight, 19.8% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Axis Multicap | Kotak Multi Cap |
|---|---|---|
| HDFC Bank Limited | 2.72% | 5.66% |
| Eternal Limited | 2.41% | 3.28% |
| Larsen & Toubro Limited | 1.36% | 1.48% |
| RBL Bank Limited | 1.76% | 1.32% |
| INDO-MIM Ltd. | 1.27% | 3.33% |
| Radico Khaitan Limited | 1.22% | 2.26% |
| State Bank of India | 1.20% | 3.55% |
| InterGlobe Aviation Limited | 0.96% | 1.15% |
| Shriram Finance Limited | 1.91% | 0.91% |
| NTPC Limited | 0.80% | 2.20% |
| Bharti Airtel Limited | 1.40% | 0.78% |
| Sun Pharmaceutical Industries Limited | 0.72% | 2.13% |
| Indus Towers Limited | 0.72% | 2.86% |
| IndusInd Bank Limited | 0.71% | 2.97% |
| Swiggy Limited | 0.56% | 1.14% |
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%
Kotak Multi Cap
- HDFC Bank Limited5.66%
- Maruti Suzuki India Limited4.10%
- State Bank of India3.55%
- Oracle Financial Services Software Limited3.46%
- INDO-MIM Ltd.3.33%
- Eternal Limited3.28%
- Hero MotoCorp Limited3.26%
- IndusInd Bank Limited2.97%
- Indus Towers Limited2.86%
- One 97 Communications Limited2.70%
Sector exposure
| Axis Multicap | Kotak Multi Cap | |
|---|---|---|
| Banks | 15.16% | 20.43% |
| Auto Components | 10.03% | 0.56% |
| Electrical Equipment | 9.79% | 0.00% |
| Pharmaceuticals & Biotechnology | 7.82% | 4.37% |
| Finance | 4.90% | 7.46% |
| Automobiles | 5.01% | 7.36% |
| Industrial Manufacturing | 1.27% | 5.67% |
| Retailing | 5.33% | 4.42% |
| Construction | 1.36% | 5.15% |
| Telecom - Services | 2.12% | 4.60% |
| Healthcare Services | 4.26% | 1.07% |
| Financial Technology (Fintech) | 1.20% | 4.13% |
| Consumer Durables | 3.11% | 4.03% |
| Industrial Products | 3.84% | 0.56% |
Questions people ask
What is the difference between Axis Multicap and Kotak Multi Cap returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +8.91% vs +1.53%; 3-year CAGR +19.69% vs +17.00%; 5-year CAGR — vs +16.40%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Axis Multicap and Kotak Multi Cap compare on risk?
Volatility (36 monthly returns, annualised) 15.82% vs 17.32%; Sharpe ratio 0.84 vs 0.61; Sortino ratio 1.24 vs 0.89; maximum drawdown −18.08% vs −21.00%; beta 0.94 vs 1.02.
How much do Axis Multicap and Kotak Multi Cap overlap?
By weight, 19.8% of the two portfolios is invested in the same companies; 21 stocks are held by both, the largest shared positions being HDFC Bank Limited, Eternal Limited, Larsen & Toubro 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 Kotak Multi Cap?
Axis Multicap: large cap 39.1%, mid cap 23.8%, small cap 28.5%. Kotak Multi Cap: large cap 39.5%, mid cap 25.1%, small cap 29.5% (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 5 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.