SBI Multicap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹17.05+0.40%1 day
- Return since launch
- 12.0%
- 52-week range
- ₹14.88 — ₹17.60
- AUM
- ₹24,525 Cr
SBI Multicap Fund is a Multi Cap equity fund from SBI Mutual Fund with ₹24,525 Cr under management, launched in 2022. Over three years it has returned 6.3% a year, against 13.6% for its category. The expense ratio is 1.87% 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 +1.4% against +1.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.5% | −2.9 pts | 6.4% | 3.4% |
| 2Y | 2.9% | −3.4 pts | 6.3% | 2.6% |
| 3Y | 6.3% | −7.2 pts | 13.6% | 4.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.1% | −0.2 pts | -2.9% | -3.0% |
| 3M | 1.3% | −0.5 pts | 1.8% | 1.1% |
| 6M | 12.0% | −3.4 pts | 15.5% | 13.9% |
| 1Y | 1.4% | −5.0 pts | 6.4% | 1.6% |
| 2Y | -0.6% | −0.6 pts | 0.1% | -2.8% |
| 3Y | 12.2% | −1.4 pts | 13.6% | 11.2% |
Since launch (14 Feb 2022): 12.0%
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
1.87%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.39%
- Brokerage
- 0.06%
- Transaction charges
- 0.01%
- Statutory levies
- 0.41%
- 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 | 2.93 | 6.86 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.82 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.56 | 0.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.78 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.05 | 16.82 | 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 31 Aug 2026
Asset allocation
- Equity99.0%
- Debt0.1%
- Other0.9%
Market cap split
- Large35.4%
- Mid27.0%
- Small37.6%
- P/E
- 33.42
- P/B
- 4.23
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 4.15% | ₹1,018 Cr | +2.94% | +3.26% | +3.38% |
| Adani Enterprises Ltd. | Services | 3.44% | ₹843 Cr | — | — | — |
| Adani Power Ltd. | Energy | 3.39% | ₹832 Cr | +5.43% | +3.16% | — |
| K.P.R. Mill Ltd. | Textiles | 3.36% | ₹824 Cr | +3.29% | +3.09% | +3.48% |
| Divi's Laboratories Ltd. | Healthcare | 3.28% | ₹805 Cr | +2.65% | +2.57% | +2.52% |
| HDFC Bank Ltd. | Financial | 2.89% | ₹709 Cr | +3.55% | +3.72% | +4.07% |
| Kotak Mahindra Bank Ltd. | Financial | 2.57% | ₹629 Cr | +3.88% | +4.24% | +4.09% |
| Aether Industries Ltd. | Chemicals | 2.48% | ₹609 Cr | +1.89% | +1.67% | +1.31% |
| Jupiter Life Line Hospitals Ltd. | Healthcare | 2.41% | ₹591 Cr | +2.40% | +2.31% | +1.06% |
| Paradeep Phosphates Ltd. | Chemicals | 2.28% | ₹560 Cr | +1.90% | +2.18% | +3.68% |
| Berger Paints India Ltd. | Materials | 2.23% | ₹548 Cr | +2.38% | +2.05% | +2.07% |
| Jubilant FoodWorks Ltd. | Services | 2.22% | ₹546 Cr | +2.03% | +2.49% | +3.08% |
| Asian Paints Ltd. | Materials | 2.16% | ₹531 Cr | +3.00% | +2.70% | +2.92% |
| Elgi Equipments Ltd. | Capital Goods | 2.05% | ₹502 Cr | +2.23% | +2.10% | +0.71% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 2.03% | ₹497 Cr | — | — | — |
| Krishna Institute of Medical Sciences Ltd | Healthcare | 2.00% | ₹491 Cr | +2.13% | +2.11% | +2.10% |
| Torrent Power Ltd. | Energy | 1.98% | ₹486 Cr | +2.65% | +2.96% | +2.37% |
| Biocon Ltd. | Healthcare | 1.85% | ₹454 Cr | +2.04% | +1.87% | — |
| Coforge Ltd. | Technology | 1.72% | ₹421 Cr | — | — | — |
| ASK Automotive Ltd. | Automobile | 1.70% | ₹416 Cr | +1.24% | +1.14% | — |
| Kalpataru Projects International Ltd. | Capital Goods | 1.68% | ₹413 Cr | +1.66% | +1.60% | +1.64% |
| Sona BLW Precision Forgings Ltd. | Automobile | 1.66% | ₹407 Cr | +1.31% | +1.17% | +0.99% |
| company:20770 | Capital Goods | 1.59% | ₹391 Cr | — | — | — |
| Carborundum Universal Ltd. | Metals & Mining | 1.58% | ₹388 Cr | +1.56% | +1.26% | +1.43% |
| United Breweries Ltd. | Consumer Staples | 1.55% | ₹379 Cr | +1.65% | +2.03% | +2.24% |
| Blue Star Ltd. | Consumer Discretionary | 1.50% | ₹367 Cr | +1.72% | +2.12% | +2.43% |
| The Federal Bank Ltd. | Financial | 1.45% | ₹357 Cr | +1.25% | +1.31% | +0.85% |
| Maruti Suzuki India Ltd. | Automobile | 1.44% | ₹352 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 1.38% | ₹338 Cr | +1.97% | +2.14% | +1.65% |
| V-Mart Retail Ltd. | Services | 1.38% | ₹339 Cr | +1.15% | +0.97% | +1.32% |
| Dalmia Bharat Ltd. | Materials | 1.30% | ₹318 Cr | +2.37% | +2.73% | +3.37% |
| EIH Ltd. | Services | 1.27% | ₹311 Cr | +1.41% | +1.50% | +1.48% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | Chemicals | 1.26% | ₹309 Cr | +0.79% | +0.41% | — |
| Eternal Ltd. | Services | 1.23% | ₹302 Cr | +0.99% | +0.99% | +1.29% |
| Vishal Mega Mart Ltd. | Services | 1.22% | ₹299 Cr | +1.42% | +1.39% | +1.80% |
| company:20242 | Healthcare | 1.22% | ₹300 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 1.19% | ₹291 Cr | +0.83% | — | — |
| Muthoot Finance Ltd. | Financial | 1.15% | ₹283 Cr | +0.94% | — | +2.22% |
| FSN E-Commerce Ventures Ltd. | Services | 1.14% | ₹280 Cr | — | — | — |
| TTK Prestige Ltd. | Consumer Discretionary | 1.14% | ₹280 Cr | +1.12% | +1.09% | +1.35% |
| Hyundai Motor India Ltd. | Automobile | 1.12% | ₹276 Cr | — | — | — |
| Page Industries Ltd. | Textiles | 1.12% | ₹276 Cr | +1.27% | +1.08% | +1.52% |
| V-Guard Industries Ltd. | Consumer Discretionary | 1.12% | ₹275 Cr | +1.05% | +1.08% | +1.29% |
| Aptus Value Housing Finance India Ltd. | Financial | 1.08% | ₹266 Cr | +1.20% | +1.14% | +1.51% |
| company:14552 | Services | 1.07% | ₹263 Cr | — | — | — |
| Navin Fluorine International Ltd. | Chemicals | 1.06% | ₹260 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 1.06% | ₹260 Cr | — | — | — |
| JSW Cement Ltd. | Materials | 1.03% | ₹252 Cr | +1.12% | +1.09% | +1.03% |
| Swiggy Ltd. | Services | 1.03% | ₹254 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 1.01% | ₹248 Cr | +0.88% | — | — |
| Bosch Ltd. | Automobile | 1.00% | ₹246 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.98% | ₹240 Cr | +1.31% | +1.35% | — |
| Infosys Ltd. | Technology | 0.97% | ₹238 Cr | +1.45% | +1.64% | — |
| Grasim Industries Ltd. | Materials | 0.96% | ₹236 Cr | +0.43% | — | — |
| Others | Others | 0.90% | ₹215 Cr | +0.09% | +0.09% | +0.09% |
| Godrej Properties Ltd. | Construction | 0.82% | ₹201 Cr | — | — | — |
| company:20476 | Technology | 0.73% | ₹179 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 0.67% | ₹164 Cr | — | — | — |
| JSW Energy Ltd. | Capital Goods | 0.65% | ₹160 Cr | +0.79% | — | — |
| Craftsman Automation Ltd. | Automobile | 0.63% | ₹154 Cr | — | — | +0.06% |
| Shree Cement Ltd. | Materials | 0.55% | ₹135 Cr | — | — | — |
| Aditya Birla Capital Ltd. | Financial | 0.50% | ₹123 Cr | — | — | — |
| Electronics Mart India Ltd. | Services | 0.48% | ₹117 Cr | +0.32% | +0.28% | +0.36% |
| company:11672 | Consumer Discretionary | 0.41% | ₹99.46 Cr | — | — | — |
| Persistent Systems Ltd. | Technology | 0.39% | ₹95.11 Cr | +0.39% | +0.36% | — |
| Archean Chemical Industries Ltd. | Chemicals | 0.38% | ₹93.03 Cr | +0.93% | +1.03% | +1.20% |
| VIP Industries Ltd. | Consumer Discretionary | 0.38% | ₹92.91 Cr | +0.39% | +0.47% | +0.57% |
| Brigade Hotel Ventures Ltd. | Services | 0.18% | ₹44.73 Cr | +0.22% | +0.22% | +0.26% |
| Sai Silks (Kalamandir) Ltd. | Textiles | 0.12% | ₹28.90 Cr | +0.26% | +0.27% | +0.44% |
| Reserve Bank of India | Financial | 0.08% | ₹19.77 Cr | +0.08% | +0.08% | +0.22% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:20770 | 0.00% | 1.59% | +1.59% |
| company:20242 | 0.00% | 1.22% | +1.22% |
| HDFC Bank Ltd. | 4.04% | 2.89% | -1.15% |
| company:14552 | 0.00% | 1.07% | +1.07% |
| Adani Power Ltd. | 4.29% | 3.39% | -0.90% |
| company:20476 | 0.00% | 0.73% | +0.73% |
| Torrent Power Ltd. | 2.53% | 1.98% | -0.55% |
| Archean Chemical Industries Ltd. | 0.88% | 0.38% | -0.50% |
| Kotak Mahindra Bank Ltd. | 3.07% | 2.57% | -0.50% |
| ICICI Bank Ltd. | 4.64% | 4.15% | -0.49% |
| Divi's Laboratories Ltd. | 2.84% | 3.28% | +0.44% |
| Axis Bank Ltd. | 1.80% | 1.38% | -0.42% |
| GOI | 0.42% | 0.00% | -0.42% |
| company:11672 | 0.00% | 0.41% | +0.41% |
| JSW Steel Ltd. | 0.79% | 1.19% | +0.40% |
| Infosys Ltd. | 1.36% | 0.97% | -0.39% |
| Asian Paints Ltd. | 2.50% | 2.16% | -0.34% |
| Jupiter Life Line Hospitals Ltd. | 2.75% | 2.41% | -0.34% |
| ASK Automotive Ltd. | 1.38% | 1.70% | +0.32% |
| K.P.R. Mill Ltd. | 3.04% | 3.36% | +0.32% |
| Muthoot Finance Ltd. | 0.84% | 1.15% | +0.31% |
| Lenskart Solutions Ltd. | 1.74% | 2.03% | +0.29% |
| Blue Star Ltd. | 1.75% | 1.50% | -0.25% |
| Adani Enterprises Ltd. | 3.67% | 3.44% | -0.23% |
| Jubilant FoodWorks Ltd. | 2.00% | 2.22% | +0.22% |
| EIH Ltd. | 1.49% | 1.27% | -0.22% |
| Coforge Ltd. | 1.51% | 1.72% | +0.21% |
| Krishna Institute of Medical Sciences Ltd | 2.17% | 2.00% | -0.17% |
| Page Industries Ltd. | 1.29% | 1.12% | -0.17% |
| Tata Steel Ltd. | 1.15% | 0.98% | -0.17% |
| Bosch Ltd. | 0.84% | 1.00% | +0.16% |
| Elgi Equipments Ltd. | 1.89% | 2.05% | +0.16% |
| TVS Motor Company Ltd. | 0.91% | 1.06% | +0.15% |
| Deepak Fertilisers And Petrochemicals Corporation Ltd. | 1.41% | 1.26% | -0.15% |
| United Breweries Ltd. | 1.70% | 1.55% | -0.15% |
| Berger Paints India Ltd. | 2.37% | 2.23% | -0.14% |
| Paradeep Phosphates Ltd. | 2.14% | 2.28% | +0.14% |
| TTK Prestige Ltd. | 1.27% | 1.14% | -0.13% |
| Electronics Mart India Ltd. | 0.35% | 0.48% | +0.13% |
| Navin Fluorine International Ltd. | 0.94% | 1.06% | +0.12% |
| Kalpataru Projects International Ltd. | 1.58% | 1.68% | +0.10% |
| Maruti Suzuki India Ltd. | 1.53% | 1.44% | -0.09% |
| V-Guard Industries Ltd. | 1.03% | 1.12% | +0.09% |
| Biocon Ltd. | 1.94% | 1.85% | -0.09% |
| V-Mart Retail Ltd. | 1.29% | 1.38% | +0.09% |
| Eternal Ltd. | 1.15% | 1.23% | +0.08% |
| Varun Beverages Ltd. | 0.75% | 0.67% | -0.08% |
| JSW Cement Ltd. | 1.10% | 1.03% | -0.07% |
| Craftsman Automation Ltd. | 0.56% | 0.63% | +0.07% |
| Aptus Value Housing Finance India Ltd. | 1.15% | 1.08% | -0.07% |
| Sona BLW Precision Forgings Ltd. | 1.59% | 1.66% | +0.07% |
| Grasim Industries Ltd. | 0.90% | 0.96% | +0.06% |
| Godrej Properties Ltd. | 0.87% | 0.82% | -0.05% |
| JSW Energy Ltd. | 0.70% | 0.65% | -0.05% |
| Shree Cement Ltd. | 0.51% | 0.55% | +0.04% |
| The Federal Bank Ltd. | 1.49% | 1.45% | -0.04% |
| FSN E-Commerce Ventures Ltd. | 1.10% | 1.14% | +0.04% |
| Carborundum Universal Ltd. | 1.55% | 1.58% | +0.03% |
| Swiggy Ltd. | 1.06% | 1.03% | -0.03% |
| Brigade Hotel Ventures Ltd. | 0.20% | 0.18% | -0.02% |
| Dalmia Bharat Ltd. | 1.28% | 1.30% | +0.02% |
| Vishal Mega Mart Ltd. | 1.20% | 1.22% | +0.02% |
| Stanley Lifestyles Ltd. | 0.02% | 0.00% | -0.02% |
| Aether Industries Ltd. | 2.49% | 2.48% | -0.01% |
| Nippon Life India Asset Management Ltd. | 1.02% | 1.01% | -0.01% |
| Hyundai Motor India Ltd. | 1.13% | 1.12% | -0.01% |
| Aditya Birla Capital Ltd. | 0.50% | 0.50% | 0.00% |
| Others | 0.02% | 0.02% | 0.00% |
| Persistent Systems Ltd. | 0.39% | 0.39% | 0.00% |
| Reserve Bank of India | 0.08% | 0.08% | 0.00% |
| Sai Silks (Kalamandir) Ltd. | 0.12% | 0.12% | 0.00% |
| VIP Industries Ltd. | 0.38% | 0.38% | 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 | ₹5,292 Cr | 2.18% | 11.8% | 10.7% | — |
 Axis Multicap Fund | ₹11,985 Cr | 2.00% | 16.2% | 12.3% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.9% | 9.9% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 7.6% | 10.3% | — |
 LIC MF Multi Cap Fund | ₹2,254 Cr | 2.14% | 11.0% | 10.2% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 12.4% | 11.0% | — |
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 months12.03% absolute | ₹60,000 | ₹67,218 | 12.03% | |
| 1 year1.43% annualised | ₹1,20,000 | ₹1,20,934 | 0.78% | |
| 3 years12.16% annualised | ₹3,60,000 | ₹4,36,202 | 21.17% |
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 ₹17.05 as on 25 Sep 2026.
What is the expense ratio of SBI Multicap Fund?
The expense ratio of SBI Multicap Fund is 1.87% 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 ₹12,81,381 Cr under management.