Tata Multicap Fund
Multi CapVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹14.95-1.41%1 day
- Return since launch
- 12.0%
- 52-week range
- ₹13.01 — ₹15.76
- AUM
- ₹3,576 Cr
Tata Multicap Fund is a Multi Cap equity fund from Tata Mutual Fund with ₹3,576 Cr under management, launched in 2023. Over three years it has returned 5.2% a year, against 13.4% for its category. The expense ratio is 2.15% and the SEBI riskometer reading is Very High.
Performance
Tata Multicap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.0% against -0.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 3.0% | −1.6 pts | 4.6% | 2.4% |
| 2Y | 4.6% | −1.3 pts | 6.0% | 2.2% |
| 3Y | 5.2% | −8.2 pts | 13.4% | 4.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.3% | −1.4 pts | -2.9% | -3.1% |
| 3M | -2.4% | −3.7 pts | 1.3% | 0.6% |
| 6M | 10.1% | −3.0 pts | 13.1% | 11.5% |
| 1Y | 5.0% | +0.4 pts | 4.6% | -0.1% |
| 2Y | -2.0% | −2.1 pts | 0.1% | -2.8% |
| 3Y | 8.5% | −4.9 pts | 13.4% | 11.4% |
Since launch (16 Jan 2023): 12.0%
Calendar-year returns
Category average12.3%
3.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 3.1% | −0.5 pts | 3.6% |
| 2024 | 12.3% | −12.7 pts | 25.0% |
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
2.15%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.64%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.44%
- Exit load
- Exit load of 0.50%, if redeemed within 30 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 | -0.47 | 6.86 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.91 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.33 | 0.76 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.42 | 1.00 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.54 | 16.82 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Tata Multicap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity96.0%
- Other4.0%
Market cap split
- Large41.8%
- Mid28.9%
- Small29.3%
- P/E
- 21.66
- P/B
- 3.01
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 5.11% | ₹183 Cr | +2.13% | +2.66% | +4.98% |
| Others | Others | 4.02% | ₹143 Cr | +3.08% | +2.56% | +1.16% |
| Adani Ports and Special Economic Zone Ltd. | Services | 3.12% | ₹112 Cr | +2.71% | +3.84% | +2.04% |
| Reliance Industries Ltd. | Energy | 2.50% | ₹89.39 Cr | +2.78% | +3.08% | +3.11% |
| Axis Bank Ltd. | Financial | 2.18% | ₹78.00 Cr | +2.32% | +3.93% | +4.10% |
| NTPC Ltd. | Energy | 2.13% | ₹76.12 Cr | +2.71% | +2.80% | +2.49% |
| ICICI Bank Ltd. | Financial | 2.09% | ₹74.88 Cr | +1.57% | +1.81% | — |
| Pearl Global Industries Ltd. | Textiles | 2.00% | ₹71.46 Cr | +1.44% | +1.41% | +1.24% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.90% | ₹68.08 Cr | +1.59% | — | — |
| Maruti Suzuki India Ltd. | Automobile | 1.89% | ₹67.74 Cr | +0.99% | — | — |
| Dr. Lal Pathlabs Ltd. | Healthcare | 1.84% | ₹65.73 Cr | +2.60% | +2.37% | +2.34% |
| SPR Auto Technologies Ltd. | Automobile | 1.83% | ₹65.49 Cr | +1.34% | +1.29% | +1.20% |
| Vishal Mega Mart Ltd. | Services | 1.83% | ₹65.33 Cr | +1.61% | +1.64% | +1.57% |
| Mahindra & Mahindra Ltd. | Automobile | 1.79% | ₹64.00 Cr | +1.79% | +2.09% | — |
| Metropolis Healthcare Ltd. | Healthcare | 1.78% | ₹63.82 Cr | +1.83% | +1.65% | +1.63% |
| Bharti Airtel Ltd. | Communication | 1.77% | ₹63.42 Cr | +2.20% | +2.37% | +3.86% |
| Kotak Mahindra Bank Ltd. | Financial | 1.76% | ₹62.91 Cr | +1.44% | — | — |
| United Spirits Ltd. | Consumer Staples | 1.67% | ₹59.67 Cr | — | — | — |
| Power Finance Corporation Ltd. | Financial | 1.56% | ₹55.87 Cr | +2.14% | +2.17% | +2.06% |
| State Bank of India | Financial | 1.45% | ₹51.94 Cr | +2.00% | +4.51% | +3.25% |
| The Indian Hotels Company Ltd. | Services | 1.45% | ₹51.99 Cr | — | — | — |
| Indian Bank | Financial | 1.38% | ₹49.43 Cr | +1.63% | +2.03% | +2.46% |
| Aster DM Quality Care Ltd. | Healthcare | 1.37% | ₹49.00 Cr | +1.70% | +1.65% | +1.57% |
| Bandhan Bank Ltd. | Financial | 1.37% | ₹49.05 Cr | +1.88% | +1.72% | +1.59% |
| Coforge Ltd. | Technology | 1.37% | ₹49.00 Cr | +1.06% | +0.92% | +1.39% |
| Indus Towers Ltd. | Communication | 1.36% | ₹48.60 Cr | +1.33% | — | — |
| Craftsman Automation Ltd. | Automobile | 1.31% | ₹46.69 Cr | +0.98% | +0.68% | +1.04% |
| The Federal Bank Ltd. | Financial | 1.30% | ₹46.37 Cr | +1.56% | +2.18% | +1.44% |
| UNO Minda Ltd. | Automobile | 1.30% | ₹46.57 Cr | +1.21% | +1.37% | +1.53% |
| Infosys Ltd. | Technology | 1.29% | ₹45.97 Cr | +1.42% | +1.66% | +2.64% |
| Samvardhana Motherson International Ltd. | Automobile | 1.29% | ₹46.08 Cr | +1.18% | +1.14% | +1.73% |
| Usha Martin Ltd. | Metals & Mining | 1.28% | ₹45.90 Cr | +1.40% | +1.22% | +1.15% |
| Firstsource Solutions Ltd. | Services | 1.27% | ₹45.43 Cr | +1.36% | +1.15% | +1.85% |
| Havells India Ltd. | Capital Goods | 1.26% | ₹45.04 Cr | +0.44% | — | — |
| Shriram Finance Ltd | Financial | 1.24% | ₹44.40 Cr | +1.14% | — | — |
| Gravita India Ltd. | Metals & Mining | 1.18% | ₹42.05 Cr | +1.13% | +1.08% | +1.12% |
| REC Ltd. | Financial | 1.13% | ₹40.41 Cr | +1.27% | +1.38% | +1.26% |
| Radico Khaitan Ltd. | Consumer Staples | 1.09% | ₹39.08 Cr | +1.16% | +0.92% | +1.35% |
| TBO Tek Ltd. | Services | 1.08% | ₹38.57 Cr | +0.59% | +0.62% | — |
| Ather Energy Ltd. | Automobile | 1.06% | ₹38.03 Cr | — | — | — |
| Can Fin Homes Ltd. | Financial | 1.06% | ₹38.01 Cr | +1.19% | +1.27% | +1.60% |
| Adani Energy Solutions Ltd. | Energy | 1.04% | ₹37.12 Cr | +1.19% | +0.92% | +0.72% |
| Bank Of Baroda | Financial | 0.99% | ₹35.37 Cr | +1.20% | +1.20% | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.99% | ₹35.46 Cr | +1.29% | +1.43% | +1.44% |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.98% | ₹34.92 Cr | +0.54% | — | — |
| Aditya Birla Sun Life AMC Ltd. | Financial | 0.97% | ₹34.56 Cr | +1.05% | — | — |
| Cummins India Ltd. | Capital Goods | 0.93% | ₹33.18 Cr | +1.15% | — | +1.50% |
| Vijaya Diagnostic Centre Ltd. | Healthcare | 0.91% | ₹32.67 Cr | +0.85% | +0.65% | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 0.89% | ₹31.96 Cr | +2.70% | +2.71% | +2.74% |
| PNB Housing Finance Ltd. | Financial | 0.89% | ₹31.73 Cr | +0.86% | +0.72% | +1.00% |
| Prestige Estates Projects Ltd. | Construction | 0.89% | ₹31.78 Cr | +0.80% | +0.86% | +1.38% |
| WeWork India Management Ltd. | Services | 0.89% | ₹31.70 Cr | +0.84% | +0.73% | — |
| PI Industries Ltd. | Chemicals | 0.86% | ₹30.81 Cr | +1.09% | +1.28% | +1.57% |
| Kirloskar Pneumatic Company Ltd. | Capital Goods | 0.84% | ₹29.92 Cr | +0.99% | +0.77% | +0.83% |
| Voltas Ltd. | Consumer Discretionary | 0.84% | ₹29.86 Cr | — | — | — |
| Adani Enterprises Ltd. | Services | 0.83% | ₹29.75 Cr | — | — | — |
| Equitas Small Finance Bank Ltd. | Financial | 0.83% | ₹29.59 Cr | +0.84% | +0.81% | +0.66% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 0.82% | ₹29.37 Cr | +0.25% | — | — |
| Transport Corporation Of India Ltd. | Services | 0.81% | ₹29.08 Cr | +0.93% | +1.06% | +1.25% |
| Swiggy Ltd. | Services | 0.79% | ₹28.19 Cr | +0.78% | +0.95% | — |
| Balkrishna Industries Ltd. | Automobile | 0.76% | ₹27.35 Cr | +0.80% | +0.90% | +1.27% |
| Kei Industries Ltd. | Capital Goods | 0.76% | ₹27.14 Cr | +0.91% | +0.92% | +0.71% |
| NMDC Ltd. | Metals & Mining | 0.75% | ₹26.86 Cr | +0.48% | — | — |
| AIA Engineering Ltd. | Metals & Mining | 0.74% | ₹26.41 Cr | +0.84% | +0.75% | +0.62% |
| company:2035 | Healthcare | 0.74% | ₹26.62 Cr | — | — | — |
| Varun Beverages Ltd. | Consumer Staples | 0.69% | ₹24.63 Cr | +0.86% | — | — |
| company:5798 | Technology | 0.68% | ₹24.27 Cr | — | — | — |
| APL Apollo Tubes Ltd. | Metals & Mining | 0.64% | ₹22.73 Cr | +0.56% | +0.90% | +1.05% |
| Godrej Properties Ltd. | Construction | 0.62% | ₹22.16 Cr | +0.58% | +0.60% | +0.48% |
| Laurus Labs Ltd. | Healthcare | 0.59% | ₹21.07 Cr | — | — | — |
| Orient Electric Ltd. | Consumer Discretionary | 0.58% | ₹20.68 Cr | +0.65% | +0.67% | +0.81% |
| company:17104 | Services | 0.52% | ₹18.75 Cr | — | +1.20% | — |
| Pfizer Ltd. | Healthcare | 0.51% | ₹18.06 Cr | — | — | — |
| Ujjivan Small Finance Bank Ltd. | Financial | 0.49% | ₹17.37 Cr | +0.83% | +0.70% | — |
| Persistent Systems Ltd. | Technology | 0.48% | ₹17.33 Cr | +0.25% | +0.24% | — |
| Rainbow Children's Medicare Ltd. | Healthcare | 0.46% | ₹16.46 Cr | — | — | — |
| Vinati Organics Ltd. | Chemicals | 0.46% | ₹16.48 Cr | +0.48% | +0.58% | +0.98% |
| Aadhar Housing Finance Ltd | Financial | 0.45% | ₹16.23 Cr | — | — | — |
| Mastek Ltd. | Technology | 0.45% | ₹16.11 Cr | +0.45% | +0.46% | +0.52% |
| company:896 | Financial | 0.43% | ₹15.40 Cr | — | — | — |
| company:14226 | Healthcare | 0.41% | ₹14.78 Cr | — | — | — |
| Greenpanel Industries Ltd. | Materials | 0.14% | ₹5.03 Cr | +0.18% | +0.21% | +0.28% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Apollo Hospitals Enterprise Ltd. | 2.15% | 0.89% | -1.26% |
| Titan Company Ltd. | 1.05% | 0.00% | -1.05% |
| Others | 4.04% | 3.12% | -0.92% |
| NMDC Ltd. | 0.00% | 0.75% | +0.75% |
| company:2035 | 0.00% | 0.74% | +0.74% |
| Motilal Oswal Financial Services Ltd. | 0.71% | 0.00% | -0.71% |
| company:5798 | 0.00% | 0.68% | +0.68% |
| company:17104 | 0.00% | 0.52% | +0.52% |
| company:896 | 0.00% | 0.43% | +0.43% |
| Power Finance Corporation Ltd. | 1.99% | 1.56% | -0.43% |
| company:14226 | 0.00% | 0.41% | +0.41% |
| The Indian Hotels Company Ltd. | 1.05% | 1.45% | +0.40% |
| Oil India Ltd. | 0.39% | 0.00% | -0.39% |
| Rainbow Children's Medicare Ltd. | 0.09% | 0.46% | +0.37% |
| Pfizer Ltd. | 0.16% | 0.51% | +0.35% |
| Ujjivan Small Finance Bank Ltd. | 0.83% | 0.49% | -0.34% |
| Pearl Global Industries Ltd. | 1.69% | 2.00% | +0.31% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.67% | 0.98% | +0.31% |
| Havells India Ltd. | 0.98% | 1.26% | +0.28% |
| HDFC Bank Ltd. | 5.39% | 5.11% | -0.28% |
| Ather Energy Ltd. | 0.79% | 1.06% | +0.27% |
| Indus Towers Ltd. | 1.10% | 1.36% | +0.26% |
| TBO Tek Ltd. | 0.83% | 1.08% | +0.25% |
| Radico Khaitan Ltd. | 1.34% | 1.09% | -0.25% |
| Adani Ports and Special Economic Zone Ltd. | 3.35% | 3.12% | -0.23% |
| Persistent Systems Ltd. | 0.25% | 0.48% | +0.23% |
| Aster DM Quality Care Ltd. | 1.59% | 1.37% | -0.22% |
| SPR Auto Technologies Ltd. | 1.63% | 1.83% | +0.20% |
| REC Ltd. | 1.32% | 1.13% | -0.19% |
| Restaurant Brands Asia Ltd. | 0.19% | 0.00% | -0.19% |
| Firstsource Solutions Ltd. | 1.46% | 1.27% | -0.19% |
| Adani Energy Solutions Ltd. | 1.22% | 1.04% | -0.18% |
| Bharti Airtel Ltd. | 1.95% | 1.77% | -0.18% |
| Coforge Ltd. | 1.20% | 1.37% | +0.17% |
| Delhivery Ltd. | 0.17% | 0.00% | -0.17% |
| Craftsman Automation Ltd. | 1.16% | 1.31% | +0.15% |
| PI Industries Ltd. | 1.01% | 0.86% | -0.15% |
| NTPC Ltd. | 2.28% | 2.13% | -0.15% |
| Samvardhana Motherson International Ltd. | 1.15% | 1.29% | +0.14% |
| Maruti Suzuki India Ltd. | 2.01% | 1.89% | -0.12% |
| Kotak Mahindra Bank Ltd. | 1.65% | 1.76% | +0.11% |
| APL Apollo Tubes Ltd. | 0.53% | 0.64% | +0.11% |
| Gravita India Ltd. | 1.07% | 1.18% | +0.11% |
| Axis Bank Ltd. | 2.08% | 2.18% | +0.10% |
| Voltas Ltd. | 0.94% | 0.84% | -0.10% |
| Bandhan Bank Ltd. | 1.47% | 1.37% | -0.10% |
| Vijaya Diagnostic Centre Ltd. | 0.82% | 0.91% | +0.09% |
| Mahindra & Mahindra Ltd. | 1.87% | 1.79% | -0.08% |
| Reliance Industries Ltd. | 2.58% | 2.50% | -0.08% |
| UNO Minda Ltd. | 1.22% | 1.30% | +0.08% |
| Varun Beverages Ltd. | 0.77% | 0.69% | -0.08% |
| Balkrishna Industries Ltd. | 0.84% | 0.76% | -0.08% |
| Cummins India Ltd. | 1.01% | 0.93% | -0.08% |
| WeWork India Management Ltd. | 0.97% | 0.89% | -0.08% |
| Dixon Technologies (India) Ltd. | 1.82% | 1.90% | +0.08% |
| Indian Bank | 1.30% | 1.38% | +0.08% |
| PNB Housing Finance Ltd. | 0.82% | 0.89% | +0.07% |
| Transport Corporation Of India Ltd. | 0.88% | 0.81% | -0.07% |
| AIA Engineering Ltd. | 0.80% | 0.74% | -0.06% |
| Shriram Finance Ltd | 1.18% | 1.24% | +0.06% |
| Adani Enterprises Ltd. | 0.88% | 0.83% | -0.05% |
| Can Fin Homes Ltd. | 1.11% | 1.06% | -0.05% |
| ICICI Lombard General Insurance Company Ltd. | 1.04% | 0.99% | -0.05% |
| Kei Industries Ltd. | 0.81% | 0.76% | -0.05% |
| Vedanta Aluminium Metal Ltd. | 0.87% | 0.82% | -0.05% |
| Kirloskar Pneumatic Company Ltd. | 0.88% | 0.84% | -0.04% |
| United Spirits Ltd. | 1.71% | 1.67% | -0.04% |
| Vishal Mega Mart Ltd. | 1.79% | 1.83% | +0.04% |
| Aadhar Housing Finance Ltd | 0.49% | 0.45% | -0.04% |
| Greenpanel Industries Ltd. | 0.18% | 0.14% | -0.04% |
| Mastek Ltd. | 0.49% | 0.45% | -0.04% |
| Aditya Birla Sun Life AMC Ltd. | 0.94% | 0.97% | +0.03% |
| Bank Of Baroda | 1.02% | 0.99% | -0.03% |
| Godrej Properties Ltd. | 0.65% | 0.62% | -0.03% |
| State Bank of India | 1.42% | 1.45% | +0.03% |
| Laurus Labs Ltd. | 0.56% | 0.59% | +0.03% |
| Equitas Small Finance Bank Ltd. | 0.85% | 0.83% | -0.02% |
| Metropolis Healthcare Ltd. | 1.80% | 1.78% | -0.02% |
| The Federal Bank Ltd. | 1.32% | 1.30% | -0.02% |
| Dr. Lal Pathlabs Ltd. | 1.83% | 1.84% | +0.01% |
| Orient Electric Ltd. | 0.57% | 0.58% | +0.01% |
| Swiggy Ltd. | 0.80% | 0.79% | -0.01% |
| Usha Martin Ltd. | 1.29% | 1.28% | -0.01% |
| ICICI Bank Ltd. | 2.09% | 2.09% | 0.00% |
| Infosys Ltd. | 1.29% | 1.29% | 0.00% |
| Prestige Estates Projects Ltd. | 0.89% | 0.89% | 0.00% |
| Vinati Organics Ltd. | 0.46% | 0.46% | 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% | 10.8% | 10.7% | — |
 Axis Multicap Fund | ₹11,985 Cr | 1.99% | 15.2% | 12.2% | — |
 HSBC Multi Cap Fund | ₹6,503 Cr | 2.05% | 11.0% | 9.9% | — |
 WhiteOak Capital Multi Cap Fund | ₹4,385 Cr | 2.22% | 6.7% | 10.3% | — |
 LIC MF Multi Cap Fund | ₹2,254 Cr | 2.13% | 9.7% | 10.1% | — |
 Bank of India Multi Cap Fund | ₹1,335 Cr | 2.50% | 11.2% | 10.9% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation from a portfolio of equity and equity related securities across market capitalization.
Fund managers
- Meeta ShettyMs. Shetty is Bachelor in Economics and CFA CharterholderPrior to joining TATA Mutual Fund, she has worked with Kotak Securities, HDFC Securities, AMSEC(Asian Market Securities), Dalal & Broacha Stock Broking and karvey Stock Broking.
- Murthy NagarajanMr. Nagarajan is a M.Com, ICWA and PGPMS.Prior to joining Tata AMC he has worked with Quantum AMC as head fixed income, Mirae Asset Global Investment India 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 months10.14% absolute | ₹60,000 | ₹66,084 | 10.14% | |
| 1 year5.01% annualised | ₹1,20,000 | ₹1,23,307 | 2.76% | |
| 3 years8.52% annualised | ₹3,60,000 | ₹4,11,451 | 14.29% |
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 Tata Multicap Fund?
The NAV of Tata Multicap Fund is ₹14.95 as on 24 Sep 2026.
What is the expense ratio of Tata Multicap Fund?
The expense ratio of Tata Multicap Fund is 2.15% per year.
What is the minimum SIP amount for Tata Multicap Fund?
You can start a SIP in Tata Multicap Fund with ₹3,000 a month.
Is there a lock-in or exit load on Tata Multicap Fund?
Lock-in: None. Exit load: Exit load of 0.50%, if redeemed within 30 days..
How risky is Tata Multicap Fund?
Tata Multicap Fund is rated Very High on the SEBI riskometer and belongs to the Multi Cap category.
Which fund house manages Tata Multicap Fund?
Tata Multicap Fund is managed by Tata Mutual Fund, which runs 61 schemes with ₹2,31,388 Cr under management.