Axis Multicap Fund vs SBI MultiCap Fund
Axis Multicap Fund and SBI MultiCap Fund are both Multi Cap funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +19.49% vs +13.33%, 5-year CAGR — vs —, volatility 15.83% vs 14.37%, maximum drawdown −18.08% vs −15.11%. Their portfolios overlap by 23.2% (26 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 | SBI MultiCap | |
|---|---|---|
| Fund house | Axis Mutual Fund | SBI Mutual Fund |
| Compared as | Multi Cap | Multi Cap |
| NAV | ₹21.0700 | ₹17.8090 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 23 Dec 2021 | 15 Mar 2022 |
| Track record | 4.9 yrs | 4.6 yrs |
| Fund size (AUM) | ₹11,972 Cr | ₹23,456 Cr |
| Securities held | 108 | 71 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Axis Multicap | SBI MultiCap | |
|---|---|---|
| 1 month | +3.08% | +2.32% |
| 3 months | +1.49% | −1.43% |
| 6 months | +9.91% | +2.37% |
| 1 year | +10.43% | +0.23% |
| 3 years (CAGR) | +19.49% | +13.33% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +16.51% | +12.79% |
| 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 | SBI MultiCap | |
|---|---|---|
| 2026 (year to date) | +10.60% | +1.33% |
| 2025 | +2.42% | +3.83% |
| 2024 | +33.81% | +27.02% |
| 2023 | +38.31% | +23.63% |
| 2022 | −0.20% | — |
Risk
| Axis Multicap | SBI MultiCap | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.83% | 14.37% |
| Downside volatility ⓘ | 10.67% | 9.48% |
| Sharpe ratio ⓘ | 0.82 | 0.48 |
| Sortino ratio ⓘ | 1.22 | 0.72 |
| Maximum drawdown ⓘ | −18.08% | −15.11% |
| Recovery from that fall | 8 months | 5 months |
| Current fall from peak | −1.22% | −2.79% |
| Rolling 1-year return: worst | −4.22% | −9.70% |
| Rolling 1-year return: median | +14.33% | +12.49% |
| Rolling 1-year return: best | +59.62% | +44.14% |
| Share of 1-year periods with a loss | 6.56% | 10.38% |
Against each fund's benchmark
| Axis Multicap | SBI MultiCap | |
|---|---|---|
| Beta ⓘ | 0.94 | 0.83 |
| Alpha (Jensen's, annualised) ⓘ | +6.66% | +0.85% |
| R² ⓘ | 92.42 | 91.94 |
| Upside capture | 115.72% | 87.21% |
| Downside capture | 88.51% | 78.15% |
| Tracking error | 4.61% | 4.99% |
| Information ratio | 1.57 | 0.04 |
| Treynor ratio | 13.19 | 6.41 |
Portfolio
Asset mix
| Axis Multicap | SBI MultiCap | |
|---|---|---|
| Equity | 95.40% | 99.11% |
| Cash & equivalents | 4.58% | 0.81% |
| Debt | 0.00% | 0.08% |
Market-cap split (share of fund assets)
| Axis Multicap | SBI MultiCap | |
|---|---|---|
| Large Cap | 39.14% | 35.10% |
| Mid Cap | 23.80% | 26.29% |
| Small Cap | 28.52% | 33.54% |
| Unclassified | 3.94% | 4.18% |
Concentration
| Axis Multicap | SBI MultiCap | |
|---|---|---|
| Top 10 holdings | 22.87% | 30.11% |
| Effective number of stocks ⓘ | 81.6 | 52.7 |
| Securities held | 108 | 71 |
Portfolio overlap: 23.2%
26 companies are held by both funds; by weight, 23.2% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Axis Multicap | SBI MultiCap |
|---|---|---|
| ICICI Bank Limited | 3.25% | 3.94% |
| HDFC Bank Limited | 2.72% | 3.02% |
| Sona BLW Precision Forgings Limited | 2.53% | 1.77% |
| Axis Bank Limited | 1.45% | 1.36% |
| Eternal Limited | 2.41% | 1.26% |
| Divi's Laboratories Limited | 1.12% | 3.37% |
| BSE Limited | 1.04% | 1.05% |
| TVS Motor Company Ltd. | 0.97% | 1.05% |
| Hyundai Motor India Ltd. | 0.89% | 1.08% |
| FSN E-Commerce Ventures Limited | 0.87% | 1.09% |
| The Federal Bank Limited | 0.84% | 1.35% |
| Coforge Limited | 0.80% | 1.58% |
| Lenskart Solutions Limited | 0.77% | 2.19% |
| Dhoot Transmission Ltd | 0.75% | 1.68% |
| Craftsman Automation Limited | 1.56% | 0.61% |
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%
SBI MultiCap
- ICICI Bank Limited3.94%
- Adani Power Limited3.48%
- Adani Enterprises Limited3.47%
- Divi's Laboratories Limited3.37%
- K.P.R. Mill Limited3.06%
- HDFC Bank Limited3.02%
- Kotak Mahindra Bank Limited2.67%
- Aether Industries Limited2.61%
- Paradeep Phosphates Limited2.30%
- Lenskart Solutions Limited2.19%
Sector exposure
| Axis Multicap | SBI MultiCap | |
|---|---|---|
| Banks | 15.16% | 12.34% |
| Auto Components | 10.03% | 7.48% |
| Electrical Equipment | 9.79% | 0.00% |
| Consumer Durables | 3.11% | 8.78% |
| Retailing | 5.33% | 8.63% |
| Pharmaceuticals & Biotechnology | 7.82% | 6.25% |
| Power | 0.80% | 6.25% |
| Automobiles | 5.01% | 3.46% |
| Chemicals & Petrochemicals | 2.10% | 5.01% |
| Finance | 4.90% | 2.66% |
| Healthcare Services | 4.26% | 4.16% |
| Textiles & Apparels | 0.35% | 4.25% |
| Industrial Products | 3.84% | 3.95% |
| Capital Markets | 3.84% | 2.02% |
Questions people ask
What is the difference between Axis Multicap and SBI MultiCap returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +10.43% vs +0.23%; 3-year CAGR +19.49% vs +13.33%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Axis Multicap and SBI MultiCap compare on risk?
Volatility (36 monthly returns, annualised) 15.83% vs 14.37%; Sharpe ratio 0.82 vs 0.48; Sortino ratio 1.22 vs 0.72; maximum drawdown −18.08% vs −15.11%; beta 0.94 vs 0.83.
How much do Axis Multicap and SBI MultiCap overlap?
By weight, 23.2% of the two portfolios is invested in the same companies; 26 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Sona BLW Precision Forgings 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 SBI MultiCap?
Axis Multicap: large cap 39.1%, mid cap 23.8%, small cap 28.5%. SBI MultiCap: large cap 35.1%, mid cap 26.3%, small cap 33.5% (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 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.