Axis Multicap Fund vs Bank of India Multi Cap Fund
Axis Multicap Fund (Direct) and Bank of India Multi Cap Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Multi Cap Fund schemes — see the best multi cap mutual funds for the full ranking.
Head to head
NAVs as of 20 Aug 2026
Growth of ₹100 (rebased over the selected window)
Common period 06 Mar 2023 – 20 Aug 2026, limited by Bank of India Multi Cap Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | Axis Multicap Fund | Bank of India Multi Cap Fund | Nifty 500 |
|---|---|---|---|
| 06 Mar 2023 | ₹100.00 | ₹100.00 | ₹100.00 |
| 19 Jun 2023 | ₹112.20 | ₹113.29 | ₹108.47 |
| 03 Oct 2023 | ₹123.08 | ₹127.67 | ₹115.95 |
| 16 Jan 2024 | ₹143.04 | ₹148.05 | ₹133.24 |
| 30 Apr 2024 | ₹155.04 | ₹162.24 | ₹141.10 |
| 13 Aug 2024 | ₹176.81 | ₹179.22 | ₹152.58 |
| 27 Nov 2024 | ₹184.78 | ₹180.72 | ₹152.49 |
| 12 Mar 2025 | ₹163.31 | ₹155.94 | ₹136.18 |
| 25 Jun 2025 | ₹188.10 | ₹181.62 | ₹156.55 |
| 08 Oct 2025 | ₹190.42 | ₹183.02 | ₹155.29 |
| 22 Jan 2026 | ₹184.48 | ₹184.22 | ₹154.62 |
| 07 May 2026 | ₹193.55 | ₹198.40 | ₹156.00 |
| 20 Aug 2026 | ₹212.10 | ₹207.99 | ₹158.01 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
Axis Multicap Fund and Bank of India Multi Cap Fund share 19% of their equity book by weight.
Shared holdings — Axis Multicap Fund vs Bank of India Multi Cap Fund
| Stock | Axis Multicap Fund | Bank of India Multi Cap Fund | |
|---|---|---|---|
| HDFC Bank Ltd | 4.51% | 5.06% | 4.51% |
| Larsen & Toubro Ltd | 2.03% | 1.76% | 1.76% |
| Reliance Industries Ltd | 1.69% | 3.95% | 1.69% |
| Bharti Airtel Ltd | 1.77% | 1.62% | 1.62% |
| State Bank of India | 1.55% | 2.74% | 1.55% |
| Shriram Transport Finance Company Ltd | 2.70% | 1.48% | 1.48% |
| NTPC Ltd | 1.23% | 1.50% | 1.23% |
| PB Fintech Ltd | 1.13% | 2.16% | 1.13% |
| Samvardhana Motherson International Ltd | 1.31% | 1.06% | 1.06% |
| Apollo Hospitals Enterprise Ltd | 1.05% | 1.78% | 1.05% |
| Vijaya Diagnostic Centre Ltd | 0.58% | 1.06% | 0.58% |
| FSN E-Commerce Ventures Ltd | 0.47% | 3.04% | 0.47% |
| Britannia Industries Ltd | 0.39% | 0.72% | 0.39% |
13 shared of 106 / 64 positions. Weights are shown as a share of each fund's equity book.
| Metric | Axis · Direct NAV ₹21.04 Very High risk ★★★★★ | Bank of India · Direct NAV ₹20.82 Very High risk ★★★★☆ | Category median Multi Cap Fund · 32 funds |
|---|---|---|---|
| +12.03% | +14.02%Best in row | +9.70% | |
| +22.11%Best in row | +20.22% | +16.81% | |
| +17.29% | +23.59%Best in row | +16.56% | |
| +19.64%Best in row | +16.75% | — | |
| +22.97%Best in row | +21.38% | +18.65% | |
| Risk | |||
| 14.76%Best in row | 16.16% | 14.82% | |
| 1.06Best in row | 0.85 | 0.64 | |
| 1.45Best in row | 1.13 | 0.87 | |
| -18.08%Best in row | -20.31% | -20.01% | |
| +8.14%Best in row | +6.61% | +4.32% | |
| 0.98 | 1.01 | 1.01 | |
| 121.9%Best in row | 118.8% | 111.5% | |
| 83.7%Best in row | 88.0% | 92.7% | |
| 1.10%Best in row | 1.24% | 0.94% | |
| ₹9,775Cr | ₹1,091Cr | ₹3,392Cr | |
| ₹100 | ₹1.00K | — | |
| ₹100 | ₹5.00K | — | |
| 57% | 62% | 57% | |
| Sachin Jain | Nitin Gosar · 3.5y | — | |
| 23 Dec 2021 | 06 Mar 2023 | — | |
| 106 | 64 | — | |
| 24.0% | 31.5% | — | |
| -0.7% | 3.2% | — | |
7 rows carry the same value for every fund — show
- 5Y return (CAGR)
- —
- 10Y return (CAGR)
- —
- 5Y rolling avg
- —
- 10Y rolling avg
- —
- Benchmark
- Nifty 500
- Exit load
- Up to 1.00%
- Lock-in
- None
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Axis Multicap Fund or Bank of India Multi Cap Fund?
Over the last 3 years, Axis Multicap Fund returned +22.11% CAGR against Bank of India Multi Cap Fund's +20.22%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Axis Multicap Fund or Bank of India Multi Cap Fund?
Axis Multicap Fund has the lower expense ratio: Axis Multicap Fund charges 1.10% a year against Bank of India Multi Cap Fund's 1.24%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Axis Multicap Fund or Bank of India Multi Cap Fund?
Bank of India Multi Cap Fund has shown higher volatility (+16.16% annualized vs Axis Multicap Fund's +14.76%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Axis Multicap Fund -18.08% vs Bank of India Multi Cap Fund -20.31%.
Which fund manages more money — Axis Multicap Fund or Bank of India Multi Cap Fund?
Axis Multicap Fund is the larger fund: Axis Multicap Fund manages ₹9,775Cr against Bank of India Multi Cap Fund's ₹1,091Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are Axis Multicap Fund and Bank of India Multi Cap Fund in the same category?
Yes — both are Multi Cap Fund schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.