EquityMulti Cap FundDirectGrowthVery High

UTI Multi Cap Fund

Q: What is the NAV of UTI Multi Cap Fund?

As of 05 Oct 2026, the NAV of UTI Multi Cap Fund is ₹10.48 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has UTI Multi Cap Fund delivered?

UTI Multi Cap Fund has returned +0.92% over 1 year and +3.67% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of UTI Multi Cap Fund?

UTI Multi Cap Fund charges an expense ratio of 1.09% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of UTI Multi Cap Fund?

UTI Multi Cap Fund's largest holdings are ICICI BANK LTD (5.3%), HDFC BANK LIMITED (4.6%), KOTAK MAHINDRA BANK LTD. (4.0%), AXIS BANK LTD. (2.7%) and SWIGGY LTD (2.7%). Holdings are disclosed monthly and change over time.

Q: How risky is UTI Multi Cap Fund?

UTI Multi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.8% and its worst peak-to-trough fall in our sample was -14.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of UTI Multi Cap Fund?

UTI Multi Cap Fund is benchmarked against the Nifty 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages UTI Multi Cap Fund?

UTI Multi Cap Fund is managed by Karthikraj Lakshmanan at UTI.

Q: How is UTI Multi Cap Fund taxed?

UTI Multi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

UTI Mutual Fund · Best Multi Cap Mutual Funds

NAV

₹10.48

+0.30% 1D

as of 05 Oct 2026

This is the Direct plan of UTI Multi Cap Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+0.46%absolute

52-week rangePrev NAV ₹10.44

Latest ₹10.48

Low ₹9.2969th percentile of its 52-week rangeHigh ₹11.01

Scorecard

★★★☆☆3/5 vs 32 Multi Cap Fund peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Multi Cap Fund (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers.

Performance—

Not enough Multi Cap Fund peers to rank yet

RiskLow

Volatility 11.8% vs 15.0% category avg

CostAverage

1.1% expense vs 1.1% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Multi Cap Fund peers (11.8% vs 15.0%)

Concerns

1-year return (+0.92%) trails the Multi Cap Fund average (+4.17%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.09%

Category 1.14%▼0.05%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

19.74

Category 27.34▼7.60

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.49

Scheme Info

Definitions

Plan

Direct · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

1% if redeemed/ switched-out within 90 days from the date of allotment; Nil thereafter

1.00%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

Nifty 500 Multicap 50:25:25 TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

20 May 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.64%

Absolute return over the last 3 months (not annualized)

-0.79%

Absolute return over the last 6 months (not annualized)

+10.30%

Absolute return since 1 Jan of this year (not annualized)

-2.64%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+0.92%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+3.67%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

11.79%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-14.06%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Cap Fund)

Period	Fund	Category avg.	Diff
1M abs	-4.64%	-4.21%	-0.43%
3M abs	-0.79%	-1.44%	+0.65%
6M abs	+10.30%	+14.35%	-4.05%
1Y CAGR	+0.92%	+4.17%	-3.25%
3Y CAGR	—	+13.88%	—
5Y CAGR	—	+13.03%	—

Category average across peers in Multi Cap Fund (up to 32 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 32 peers in Multi Cap Fund

1Y return

+0.92%

Beats 35.5% · rank #21

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.20L

Absolute

+0.19%

XIRR

+0.41%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into UTI Multi Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-2.64%	-7.18%	+4.54%
2025part	+7.94%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

340

Expense ratio

1.09%

AUM

₹1,937Cr

Portfolio turnover

90%

Exit load

1% if redeemed/ switched-out within 90 days from the date of allotment; Nil thereafter

P/E ratio

19.7

P/B ratio

4.0

Avg market cap

₹2,67,917Cr

P/E & P/B are portfolio-weighted harmonic means across 55 of 68 equity holdings (78% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Multi Cap Fund

Compare all


UTI Multi Cap FundThis fund UTI · Direct · Growth	★★★☆☆ 1Y	+0.92%	—	—	19.74	1.09%	₹1,937Cr
Axis Multicap Fund Axis · Direct · Growth	★★★★★	+7.67%	+18.51%	—	32.43	1.00%	₹9,775Cr
WhiteOak Capital Multi Cap Fund WhiteOak Capital · Direct · Growth	★★★★☆	+4.46%	+17.50%	—	25.73	0.88%	₹3,513Cr
HSBC Multi Cap Fund HSBC · Direct · Growth	★★★★☆	+6.75%	+17.34%	—	29.41	0.79%	₹5,538Cr
LIC MF Multi Cap Fund LIC · Direct · Growth	★★★★☆	+5.47%	+16.98%	—	26.94	0.78%	₹1,895Cr
Bank of India Multi Cap Fund Bank of India · Direct · Growth	★★★☆☆	+9.68%	+16.74%	—	22.35	1.17%	₹1,091Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap38.2%
Mid cap29.6%
Small cap32.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity95.58%
Cash & Equivalents3.19%
Real Estate / REITs0.80%
Debt0.45%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
UTI Balanced Advantage Fund UTI · Dynamic Asset Allocation or Balanced Advantage	40.1% of 68% equity	★★☆☆☆	0.91%	+7.68%
UTI - Large Cap Fund UTI · Large Cap Fund	38.5%	★★☆☆☆	1.19%	+6.32%
UTI Children's Equity Fund UTI · Children’s Fund	37.1%	★★★☆☆	1.39%	+6.22%
UTI Conservative Hybrid Fund UTI · Conservative Hybrid Fund	36.6% of 25% equity	★★☆☆☆	1.25%	+7.42%
UTI Value Fund UTI · Value Fund	36.5%	★★☆☆☆	1.35%	+10.97%
UTI ELSS Tax Saver Fund UTI · ELSS	35.8%	★★☆☆☆	1.19%	+7.14%
Bandhan Multi Asset Allocation Fund Bandhan · Multi Asset Allocation	35.3% of 66% equity	★★★★★	0.79%	—
UTI Children's Hybrid Fund UTI · Children’s Fund	35.1% of 38% equity	★★☆☆☆	1.51%	+5.97%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-14.1%05 Jan 2026 → 30 Mar 2026
Fell over 3 months, back to the old high on 03 Aug 2026 — 4 months under water after the low.
-5.2%27 Aug 2026 → 01 Oct 2026
Still below that high — 35 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹1,937Cr

April - June 2026

+6%

since January - March 2026

+₹157.27Cr

est. net flow, last quarter

At or near its largest, ₹1,937Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

UTI Mutual Fund descends from the Unit Trust of India, which was effectively the whole Indian mutual fund industry from 1963 until private managers were allowed in. It was carved out as a SEBI-registered fund house in 2003, is listed on the exchanges, and is held by SBI, LIC, Bank of Baroda, PNB and T. Rowe Price rather than a single parent.

Launched

13 Nov 2002

Total AUM

₹3,92,691Cr+1.1% QoQ

Avg AUM · April - June 2026

Website

utimf.com

Fund Managers

KLKarthikraj LakshmananStart date not disclosed

Role

Senior Vice President (Fund Manager- Equity)

Education

B.Com, Chartered Accountant, Post Graduate Diploma in Business Management, cleared CFA (US CFAI) UTI MF Statement of Additional Information (SAI) (31.3.24)

Experience

He joined UTI AMC in July 2022. He is Senior Vice President (Fund Manager-Equity). He has done his B.Com from Mumbai University. He is a Chartered Accountant and has also done Post Graduation Diploma in Business Management from SP Jain Institute of Management & Research. He has also cleared CFA Level 3 from CFA Institute, United States. He began his career with ICICI Bank. He has also been associated with ICICI Prudential AMC and Goldman Sachs. Prior to joining UTI Asset Management Company, he worked with Baroda BNP Paribas Asset Management as Senior Fund Manager-Equities. He has a total work experience of over

Funds managed (2)

All schemes Karthikraj Lakshmanan runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Karthikraj Lakshmanan

Top holdings

ICICI BANK LTD HDFC BANK LIMITED KOTAK MAHINDRA BANK LTD.AXIS BANK LTD.SWIGGY LTD VOLTAMP TRANSFORMERS LTD.OIL INDIA LTD.COFORGE LTD RELIANCE INDUSTRIES LTD.LARSEN & TOUBRO LTD.UJJIVAN SMALL FINANCE BANK LTD INFO-EDGE (INDIA) LTD.

UTI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Multi Cap funds

Multi cap funds must hold at least 25% each in large, mid and small-cap stocks at all times. The fixed minimums give more mid- and small-cap exposure than a flexi cap, and usually more volatility.

Frequently asked questions

What is the NAV of UTI Multi Cap Fund?

As of 05 Oct 2026, the NAV of UTI Multi Cap Fund is ₹10.48 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has UTI Multi Cap Fund delivered?

UTI Multi Cap Fund has returned +0.92% over 1 year and +3.67% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of UTI Multi Cap Fund?

UTI Multi Cap Fund charges an expense ratio of 1.09% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of UTI Multi Cap Fund?

UTI Multi Cap Fund's largest holdings are ICICI BANK LTD (5.3%), HDFC BANK LIMITED (4.6%), KOTAK MAHINDRA BANK LTD. (4.0%), AXIS BANK LTD. (2.7%) and SWIGGY LTD (2.7%). Holdings are disclosed monthly and change over time.

How risky is UTI Multi Cap Fund?

UTI Multi Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 11.8% and its worst peak-to-trough fall in our sample was -14.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of UTI Multi Cap Fund?

UTI Multi Cap Fund is benchmarked against the Nifty 500 Multicap 50:25:25 TRI. Its alpha and beta on this page are measured against that index.

Who manages UTI Multi Cap Fund?

UTI Multi Cap Fund is managed by Karthikraj Lakshmanan at UTI.

How is UTI Multi Cap Fund taxed?

UTI Multi Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.