Groww Multicap Fund vs HDFC Multi Cap Fund
Groww Multicap Fund and HDFC Multi Cap Fund are both Multi Cap funds. As of 4 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +11.13%, 5-year CAGR — vs —, volatility 19.96% vs 16.09%, maximum drawdown −16.53% vs −20.20%. Their portfolios overlap by 18.3% (27 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
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| Fund house | Groww Mutual Fund | HDFC Mutual Fund |
| Compared as | Multi Cap | Multi Cap |
| NAV | ₹12.3645 | ₹19.1530 |
| NAV date | 4 Nov 2026 | 4 Nov 2026 |
| Launched (first NAV) | 18 Dec 2024 | 10 Dec 2021 |
| Track record | 1.9 yrs | 4.9 yrs |
| Fund size (AUM) | ₹1,687 Cr | ₹19,490 Cr |
| Securities held | 82 | 121 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| 1 month | +0.23% | +1.85% |
| 3 months | +0.38% | −5.52% |
| 6 months | +7.97% | −1.76% |
| 1 year | +13.62% | −5.98% |
| 3 years (CAGR) | — | +11.13% |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +11.87% | +14.13% |
| 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
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| 2026 (year to date) | +14.03% | −4.91% |
| 2025 | +9.04% | +3.34% |
| 2024 | — | +22.21% |
| 2023 | — | +41.93% |
| 2022 | — | +11.30% |
Risk
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| Volatility (annualised) ⓘ | 19.96% | 16.09% |
| Downside volatility ⓘ | 13.06% | 11.41% |
| Sharpe ratio ⓘ | 0.27 | 0.29 |
| Sortino ratio ⓘ | 0.41 | 0.41 |
| Maximum drawdown ⓘ | −16.53% | −20.20% |
| Recovery from that fall | 3 months | — |
| Current fall from peak | −3.16% | −8.28% |
| Rolling 1-year return: worst | +6.94% | −10.58% |
| Rolling 1-year return: median | +16.15% | +12.43% |
| Rolling 1-year return: best | +26.59% | +54.19% |
| Share of 1-year periods with a loss | 0.00% | 15.92% |
Against each fund's benchmark
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| Beta ⓘ | 1.08 | 0.98 |
| Alpha (Jensen's, annualised) ⓘ | +10.65% | −1.15% |
| R² ⓘ | 91.80 | 98.31 |
| Upside capture | 140.44% | 97.15% |
| Downside capture | 97.34% | 102.79% |
| Tracking error | 6.00% | 2.17% |
| Information ratio | 1.73 | -0.62 |
| Treynor ratio | 3.72 | 3.82 |
Portfolio
Asset mix
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| Equity | 96.01% | 97.92% |
| Cash & equivalents | 3.96% | 1.33% |
| REITs / InvITs | 0.00% | 0.50% |
| Debt | 0.00% | 0.25% |
Market-cap split (share of fund assets)
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| Large Cap | 27.04% | 43.17% |
| Mid Cap | 26.89% | 26.33% |
| Small Cap | 29.81% | 27.02% |
| Unclassified | 12.30% | 1.40% |
Concentration
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| Top 10 holdings | 28.11% | 24.16% |
| Effective number of stocks ⓘ | 57.4 | 80.9 |
| Securities held | 82 | 121 |
Portfolio overlap: 18.3%
27 companies are held by both funds; by weight, 18.3% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Groww Multicap | HDFC Multi Cap |
|---|---|---|
| Bharti Airtel Limited | 2.66% | 2.13% |
| Mahindra & Mahindra Limited | 2.34% | 1.32% |
| ICICI Bank Limited | 1.09% | 3.66% |
| State Bank of India | 1.03% | 1.77% |
| Sona BLW Precision Forgings Limited | 1.01% | 1.26% |
| Bharat Electronics Limited | 1.29% | 1.00% |
| Shriram Finance Limited | 1.39% | 0.95% |
| Larsen & Toubro Limited | 1.75% | 0.92% |
| Divi's Laboratories Limited | 1.00% | 0.90% |
| Tube Investments of India Limited | 1.34% | 0.74% |
| Prudent Corporate Advisory Services Limited | 0.82% | 0.74% |
| Max Financial Services Limited | 1.97% | 0.70% |
| Eicher Motors Ltd. | 2.00% | 0.66% |
| Mphasis Ltd. | 0.63% | 0.87% |
| Bharat Forge Limited | 0.60% | 0.52% |
Top 10 holdings
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%
HDFC Multi Cap
- HDFC Bank Limited3.93%
- ICICI Bank Limited3.66%
- Axis Bank Limited2.44%
- Reliance Industries Limited2.41%
- Bharti Airtel Limited2.13%
- Eternal Limited2.13%
- Britannia Industries Ltd.2.05%
- Kotak Mahindra Bank Limited1.92%
- State Bank of India1.77%
- NTPC Limited1.72%
Sector exposure
| Groww Multicap | HDFC Multi Cap | |
|---|---|---|
| Banks | 6.12% | 15.49% |
| Electrical Equipment | 10.61% | 1.32% |
| Automobiles | 10.13% | 3.35% |
| Auto Components | 9.96% | 6.12% |
| Finance | 9.35% | 6.93% |
| Pharmaceuticals & Biotechnology | 4.42% | 6.22% |
| Capital Markets | 6.09% | 2.50% |
| IT - Software | 1.31% | 5.33% |
| Agricultural, Commercial & Construction Vehicles | 4.99% | 1.08% |
| Industrial Products | 4.87% | 3.36% |
| Leisure Services | 0.00% | 4.61% |
| Consumer Durables | 1.09% | 4.48% |
| Unclassified | 3.48% | 0.00% |
| Financial Technology (Fintech) | 3.43% | 0.93% |
Questions people ask
What is the difference between Groww Multicap and HDFC Multi Cap returns?
As of 4 Nov 2026, Direct plan Growth option: 1-year return +13.62% vs −5.98%; 3-year CAGR — vs +11.13%; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Groww Multicap and HDFC Multi Cap compare on risk?
Volatility (36 monthly returns, annualised) 19.96% vs 16.09%; Sharpe ratio 0.27 vs 0.29; Sortino ratio 0.41 vs 0.41; maximum drawdown −16.53% vs −20.20%; beta 1.08 vs 0.98.
How much do Groww Multicap and HDFC Multi Cap overlap?
By weight, 18.3% of the two portfolios is invested in the same companies; 27 stocks are held by both, the largest shared positions being Bharti Airtel Limited, Mahindra & Mahindra Limited, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Groww Multicap and HDFC Multi Cap?
Groww Multicap: large cap 27.0%, mid cap 26.9%, small cap 29.8%. HDFC Multi Cap: large cap 43.2%, mid cap 26.3%, small cap 27.0% (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
Groww 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 4 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.