SBI Multicap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹17.15+0.43%1 day
- Return since launch
- 11.8%
- 52-week range
- ₹14.88 — ₹17.60
- AUM
- ₹22,850 Cr
SBI Multicap Fund is a Multi Cap equity fund from SBI Mutual Fund with ₹22,850 Cr under management, launched in 2022. Over three years it has returned 5.7% a year, against 13.7% for its category. The expense ratio is 1.84% and the SEBI riskometer reading is Very High.
Performance
SBI Multicap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +0.3% against +0.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.3% | +0.7 pts | 4.6% | 7.5% |
| 2Y | 3.5% | −3.6 pts | 7.1% | 4.7% |
| 3Y | 5.7% | −8.0 pts | 13.7% | 5.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.5% | 0.0 pts | 4.6% | 5.1% |
| 3M | -1.6% | −0.7 pts | -0.9% | -0.7% |
| 6M | 3.6% | −2.2 pts | 5.8% | 5.1% |
| 1Y | 0.1% | −4.4 pts | 4.6% | 0.4% |
| 2Y | 3.0% | −0.7 pts | 3.7% | 1.5% |
| 3Y | 12.6% | −1.1 pts | 13.7% | 11.7% |
Since launch (14 Feb 2022): 11.8%
Calendar-year returns
Category average22.5%
26.0%
3.0%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.0% | −0.6 pts | 3.6% |
| 2024 | 26.0% | +0.9 pts | 25.0% |
| 2023 | 22.5% | −12.0 pts | 34.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.83%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.39%
- Brokerage
- 0.05%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- Exit load
- Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty 500 Multicap 50:25:25 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 2.52 | 6.57 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.83 | 0.95 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.40 | 0.63 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.58 | 0.85 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.50 | 16.72 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
SBI Multicap Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity99.1%
- Debt0.1%
- Other0.8%
Market cap split
- Large35.4%
- Mid26.5%
- Small38.0%
- P/E
- 32.26
- P/B
- 4.04
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 3.94% | ₹925 Cr | +4.53% | +3.15% | +3.18% |
| Adani Power Ltd. | Energy | 3.48% | ₹816 Cr | +4.89% | +3.75% | +3.26% |
| Adani Enterprises Ltd. | Services | 3.47% | ₹813 Cr | +1.33% | — | — |
| Divi's Laboratories Ltd. | Healthcare | 3.37% | ₹790 Cr | +2.55% | +2.63% | +2.28% |
| K.P.R. Mill Ltd. | Textiles | 3.06% | ₹717 Cr | +3.93% | +3.15% | +3.66% |
| HDFC Bank Ltd. | Financial | 3.02% | ₹709 Cr | +4.40% | +5.12% | +3.97% |
| Kotak Mahindra Bank Ltd. | Financial | 2.67% | ₹626 Cr | +3.87% | +3.98% | +4.06% |
| Aether Industries Ltd. | Chemicals | 2.61% | ₹612 Cr | +2.29% | +2.11% | +1.31% |
| Paradeep Phosphates Ltd. | Chemicals | 2.30% | ₹540 Cr | +2.01% | +2.12% | +3.24% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.19% | ₹514 Cr | — | — | — |
| Berger Paints India Ltd. | Materials | 2.14% | ₹501 Cr | +2.37% | +2.17% | +1.95% |
| Torrent Power Ltd. | Energy | 2.12% | ₹498 Cr | +2.59% | +2.72% | +2.30% |
| Jupiter Life Line Hospitals Ltd. | Healthcare | 2.09% | ₹491 Cr | +2.52% | +2.59% | +1.12% |
| Elgi Equipments Ltd. | Capital Goods | 2.08% | ₹487 Cr | +2.28% | +2.03% | +0.71% |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 2.07% | ₹485 Cr | +2.23% | +1.94% | +1.98% |
| Asian Paints Ltd. | Materials | 2.05% | ₹481 Cr | +2.90% | +2.71% | +2.66% |
| Jubilant FoodWorks Ltd. | Services | 1.97% | ₹461 Cr | +1.94% | +2.30% | +2.95% |
| Carborundum Universal Ltd. | Metals & Mining | 1.87% | ₹439 Cr | +1.74% | +1.31% | +1.41% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.77% | ₹415 Cr | +1.31% | +1.16% | +0.90% |
| Biocon Ltd. | Healthcare | 1.74% | ₹408 Cr | +1.95% | +1.91% | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.74% | ₹407 Cr | +1.71% | +1.50% | +1.61% |
| ASK Automotive Ltd. | Automobile | 1.72% | ₹404 Cr | +1.20% | +1.35% | — |
| Dhoot Transmission Ltd. | Capital Goods | 1.68% | ₹395 Cr | — | — | — |
| Blue Star Ltd. | Consumer Discretionary | 1.62% | ₹381 Cr | +1.72% | +1.95% | +2.05% |
| Coforge Ltd. | Technology | 1.58% | ₹371 Cr | +0.51% | — | — |
| United Breweries Ltd. | Consumer Staples | 1.43% | ₹336 Cr | +1.64% | +2.15% | +2.13% |
| EIH Ltd. | Services | 1.41% | ₹331 Cr | +1.49% | +1.45% | +1.30% |
| Axis Bank Ltd. | Financial | 1.36% | ₹319 Cr | +2.01% | +1.98% | +1.74% |
| The Federal Bank Ltd. | Financial | 1.35% | ₹317 Cr | +1.39% | +1.25% | +0.84% |
| Maruti Suzuki India Ltd. | Automobile | 1.33% | ₹311 Cr | +0.26% | — | — |
| V-Mart Retail Ltd. | Services | 1.29% | ₹301 Cr | +1.32% | +0.92% | +1.24% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | Chemicals | 1.27% | ₹297 Cr | +1.33% | +0.41% | — |
| Eternal Ltd. | Services | 1.26% | ₹294 Cr | +1.03% | +1.01% | +1.30% |
| Dalmia Bharat Ltd. | Materials | 1.23% | ₹288 Cr | +1.40% | +2.69% | +3.05% |
| Page Industries Ltd. | Textiles | 1.19% | ₹280 Cr | +1.34% | +1.18% | +1.36% |
| JSW Steel Ltd. | Metals & Mining | 1.19% | ₹279 Cr | +0.78% | — | — |
| Vishal Mega Mart Ltd. | Services | 1.16% | ₹273 Cr | +1.34% | +1.37% | +1.75% |
| Rubicon Research Ltd. | Healthcare | 1.14% | ₹267 Cr | — | — | — |
| Muthoot Finance Ltd. | Financial | 1.11% | ₹260 Cr | +0.82% | — | +2.07% |
| FSN E-Commerce Ventures Ltd. | Services | 1.09% | ₹256 Cr | +1.05% | — | — |
| Hyundai Motor India Ltd. | Automobile | 1.08% | ₹254 Cr | +1.01% | — | — |
| Aptus Value Housing Finance India Ltd. | Financial | 1.06% | ₹248 Cr | +1.26% | +1.00% | +1.48% |
| BSE Ltd. | Services | 1.05% | ₹247 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.05% | ₹247 Cr | — | — | — |
| TTK Prestige Ltd. | Consumer Discretionary | 1.05% | ₹247 Cr | +1.25% | +0.99% | +1.27% |
| TVS Motor Company Ltd. | Automobile | 1.05% | ₹246 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.02% | ₹240 Cr | +1.16% | +1.35% | +1.06% |
| V-Guard Industries Ltd. | Consumer Discretionary | 1.00% | ₹235 Cr | +1.00% | +1.20% | +1.30% |
| Bosch Ltd. | Automobile | 0.99% | ₹231 Cr | +0.54% | — | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 0.98% | ₹229 Cr | — | — | — |
| JSW Cement Ltd. | Materials | 0.97% | ₹227 Cr | +1.14% | +1.06% | +1.20% |
| Nippon Life India Asset Management Ltd. | Financial | 0.97% | ₹227 Cr | +1.04% | — | — |
| Swiggy Ltd. | Services | 0.96% | ₹225 Cr | — | — | — |
| Grasim Industries Ltd. | Materials | 0.91% | ₹214 Cr | +0.92% | — | — |
| Others | Others | 0.82% | ₹193 Cr | +0.09% | +0.09% | +0.73% |
| Varun Beverages Ltd. | Consumer Staples | 0.76% | ₹177 Cr | — | — | — |
| Amagi Media Labs Ltd. | Technology | 0.74% | ₹174 Cr | — | — | — |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 0.71% | ₹168 Cr | — | — | — |
| Godrej Properties Ltd. | Construction | 0.69% | ₹163 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 0.65% | ₹152 Cr | +0.75% | — | — |
| Craftsman Automation Ltd. | Automobile | 0.61% | ₹144 Cr | +0.55% | — | +0.06% |
| Electronics Mart India Ltd. | Services | 0.57% | ₹133 Cr | +0.33% | +0.28% | +0.40% |
| Shree Cement Ltd. | Materials | 0.55% | ₹130 Cr | — | — | — |
| Thangamayil Jewellery Ltd. | Consumer Discretionary | 0.54% | ₹127 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.49% | ₹114 Cr | — | — | — |
| Elevate Campuses Ltd. | Construction | 0.41% | ₹95.95 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 0.38% | ₹89.74 Cr | +0.32% | +0.41% | — |
| VIP Industries Ltd. | Consumer Discretionary | 0.38% | ₹88.19 Cr | +0.39% | +0.44% | +0.55% |
| Brigade Hotel Ventures Ltd. | Services | 0.14% | ₹31.83 Cr | +0.22% | +0.22% | +0.26% |
| Sai Silks (Kalamandir) Ltd. | Textiles | 0.11% | ₹25.68 Cr | +0.26% | +0.24% | +0.37% |
| Reserve Bank of India | Financial | 0.08% | ₹19.86 Cr | +0.08% | +0.09% | +0.22% |
| Archean Chemical Industries Ltd. | Chemicals | 0.08% | ₹17.84 Cr | +0.90% | +1.16% | +1.23% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Hindustan Aeronautics Ltd. | 0.00% | 0.98% | +0.98% |
| Infosys Ltd. | 0.97% | 0.00% | -0.97% |
| SEDEMAC Mechatronics Ltd. | 0.00% | 0.71% | +0.71% |
| Elevate Campuses Ltd. | 0.00% | 0.41% | +0.41% |
| Jupiter Life Line Hospitals Ltd. | 2.41% | 2.09% | -0.32% |
| Archean Chemical Industries Ltd. | 0.38% | 0.08% | -0.30% |
| K.P.R. Mill Ltd. | 3.36% | 3.06% | -0.30% |
| Carborundum Universal Ltd. | 1.58% | 1.87% | +0.29% |
| Jubilant FoodWorks Ltd. | 2.22% | 1.97% | -0.25% |
| ICICI Bank Ltd. | 4.15% | 3.94% | -0.21% |
| Lenskart Solutions Ltd. | 2.03% | 2.19% | +0.16% |
| Torrent Power Ltd. | 1.98% | 2.12% | +0.14% |
| EIH Ltd. | 1.27% | 1.41% | +0.14% |
| Coforge Ltd. | 1.72% | 1.58% | -0.14% |
| HDFC Bank Ltd. | 2.89% | 3.02% | +0.13% |
| Thangamayil Jewellery Ltd. | 0.41% | 0.54% | +0.13% |
| Aether Industries Ltd. | 2.48% | 2.61% | +0.13% |
| Godrej Properties Ltd. | 0.82% | 0.69% | -0.13% |
| Blue Star Ltd. | 1.50% | 1.62% | +0.12% |
| United Breweries Ltd. | 1.55% | 1.43% | -0.12% |
| V-Guard Industries Ltd. | 1.12% | 1.00% | -0.12% |
| Maruti Suzuki India Ltd. | 1.44% | 1.33% | -0.11% |
| Asian Paints Ltd. | 2.16% | 2.05% | -0.11% |
| Biocon Ltd. | 1.85% | 1.74% | -0.11% |
| Sona BLW Precision Forgings Ltd. | 1.66% | 1.77% | +0.11% |
| The Federal Bank Ltd. | 1.45% | 1.35% | -0.10% |
| Kotak Mahindra Bank Ltd. | 2.57% | 2.67% | +0.10% |
| V-Mart Retail Ltd. | 1.38% | 1.29% | -0.09% |
| Berger Paints India Ltd. | 2.23% | 2.14% | -0.09% |
| Dhoot Transmission Ltd. | 1.59% | 1.68% | +0.09% |
| Electronics Mart India Ltd. | 0.48% | 0.57% | +0.09% |
| Adani Power Ltd. | 3.39% | 3.48% | +0.09% |
| Divi's Laboratories Ltd. | 3.28% | 3.37% | +0.09% |
| TTK Prestige Ltd. | 1.14% | 1.05% | -0.09% |
| Varun Beverages Ltd. | 0.67% | 0.76% | +0.09% |
| Rubicon Research Ltd. | 1.22% | 1.14% | -0.08% |
| Page Industries Ltd. | 1.12% | 1.19% | +0.07% |
| Dalmia Bharat Ltd. | 1.30% | 1.23% | -0.07% |
| Swiggy Ltd. | 1.03% | 0.96% | -0.07% |
| Krishna Institute of Medical Sciences Ltd | 2.00% | 2.07% | +0.07% |
| JSW Cement Ltd. | 1.03% | 0.97% | -0.06% |
| Vishal Mega Mart Ltd. | 1.22% | 1.16% | -0.06% |
| Kalpataru Projects International Ltd. | 1.68% | 1.74% | +0.06% |
| FSN E-Commerce Ventures Ltd. | 1.14% | 1.09% | -0.05% |
| Grasim Industries Ltd. | 0.96% | 0.91% | -0.05% |
| Brigade Hotel Ventures Ltd. | 0.18% | 0.14% | -0.04% |
| Nippon Life India Asset Management Ltd. | 1.01% | 0.97% | -0.04% |
| Tata Steel Ltd. | 0.98% | 1.02% | +0.04% |
| Muthoot Finance Ltd. | 1.15% | 1.11% | -0.04% |
| Hyundai Motor India Ltd. | 1.12% | 1.08% | -0.04% |
| Elgi Equipments Ltd. | 2.05% | 2.08% | +0.03% |
| Adani Enterprises Ltd. | 3.44% | 3.47% | +0.03% |
| Eternal Ltd. | 1.23% | 1.26% | +0.03% |
| Paradeep Phosphates Ltd. | 2.28% | 2.30% | +0.02% |
| Aptus Value Housing Finance India Ltd. | 1.08% | 1.06% | -0.02% |
| ASK Automotive Ltd. | 1.70% | 1.72% | +0.02% |
| Axis Bank Ltd. | 1.38% | 1.36% | -0.02% |
| Craftsman Automation Ltd. | 0.63% | 0.61% | -0.02% |
| BSE Ltd. | 1.07% | 1.05% | -0.02% |
| Bosch Ltd. | 1.00% | 0.99% | -0.01% |
| Aditya Birla Capital Ltd. | 0.50% | 0.49% | -0.01% |
| Sai Silks (Kalamandir) Ltd. | 0.12% | 0.11% | -0.01% |
| Amagi Media Labs Ltd. | 0.73% | 0.74% | +0.01% |
| TVS Motor Company Ltd. | 1.06% | 1.05% | -0.01% |
| Persistent Systems Ltd. | 0.39% | 0.38% | -0.01% |
| Others | 0.02% | 0.03% | +0.01% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | 1.26% | 1.27% | +0.01% |
| Navin Fluorine International Ltd. | 1.06% | 1.05% | -0.01% |
| Reserve Bank of India | 0.08% | 0.08% | 0.00% |
| VIP Industries Ltd. | 0.38% | 0.38% | 0.00% |
| JSW Energy Ltd. | 0.65% | 0.65% | 0.00% |
| Shree Cement Ltd. | 0.55% | 0.55% | 0.00% |
| JSW Steel Ltd. | 1.19% | 1.19% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹5,569 Cr | 2.19% | 14.5% | 11.0% | 14.9% |
 Axis Multicap Fund | ₹12,234 Cr | 1.97% | 19.1% | 12.5% | — |
 Mahindra Manulife Multi Cap Fund | ₹7,457 Cr | 2.18% | 15.0% | 10.7% | 14.9% |
 WhiteOak Capital Multi Cap Fund | ₹4,610 Cr | 2.21% | 10.6% | 10.4% | — |
 LIC MF Multi Cap Fund | ₹2,187 Cr | 2.15% | 12.8% | 10.2% | — |
 Bank of India Multi Cap Fund | ₹1,357 Cr | 2.45% | 15.1% | 11.3% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide investors with opportunities for long term growth in capital from a diversified portfolio of equity and equity related instruments across market capitalization.
Fund managers
- Ruchit MehtaMr. Mehta is a B.Com (H), MSc (Finance) and CFA.Prior to joining SBI AMC he has worked with HSBC AMC, ASK Raymond James & Associates Pvt. Ltd. and Prabhudas Lilladher Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.61% absolute | ₹60,000 | ₹62,166 | 3.61% | |
| 1 year0.14% annualised | ₹1,20,000 | ₹1,20,091 | 0.08% | |
| 3 years12.59% annualised | ₹3,60,000 | ₹4,39,246 | 22.01% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of SBI Multicap Fund?
The NAV of SBI Multicap Fund is ₹17.15 as on 9 Nov 2026.
What is the expense ratio of SBI Multicap Fund?
The expense ratio of SBI Multicap Fund is 1.84% per year.
What is the minimum SIP amount for SBI Multicap Fund?
You can start a SIP in SBI Multicap Fund with ₹3,000 a month.
Is there a lock-in or exit load on SBI Multicap Fund?
Lock-in: None. Exit load: Exit load of 0.25% if redeemed within 30 days and 0.10% if redeemed after 30 days but on or before 90 days..
How risky is SBI Multicap Fund?
SBI Multicap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages SBI Multicap Fund?
SBI Multicap Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹13,34,527 Cr under management.