Two funds walk into a table. Only the numbers talk.
Bajaj Finserv Multi Cap Fund vs Axis Multicap Fund
Pick two or three funds. We’ll tell you in plain words which grew faster, which was calmer, which costs less and what your money would have become. Figures are for the Direct plan, Growth option, where a fund has one.
- ABajaj Finserv Multi Cap Fund
Bajaj Finserv Mutual Fund- Multi Cap Fund
- Direct plan
- Very High Risk
NAV ₹12.7 on 13 Nov 2026
- BAxis Multicap Fund
Axis Mutual Fund- Multi Cap Fund
- Direct plan
- Very High Risk
NAV ₹21.69 on 13 Nov 2026
The short version
Who comes out ahead on each measure, over the 1 year all of them have been around.
Grew faster
BAxis Multicap Fund
Axis Multicap Fund returned 12.7% in the last year, against 9.4% for Bajaj Finserv Multi Cap Fund. ₹1 lakh invested 1 year ago would be about ₹1.13 Lakh today, against ₹1.09 Lakh.
Smoother ride
ABajaj Finserv Multi Cap Fund
Bajaj Finserv Multi Cap Fund swung the least: about 14% a year either way, against 15% for Axis Multicap Fund. Lower means fewer scary days.
Fell less in a crash
ABajaj Finserv Multi Cap Fund
At its worst, Bajaj Finserv Multi Cap Fund fell 14.2% from its peak, against 18.1% for Axis Multicap Fund. On ₹1 lakh, that's a dip to ₹81,917 at the bottom for Axis Multicap Fund. Could you have held on?
More consistent
ABajaj Finserv Multi Cap Fund
Pick any day in the past and hold for a year: Bajaj Finserv Multi Cap Fund ended up in profit 98% of the time, against 93% for Axis Multicap Fund.
Costs less
BAxis Multicap Fund
Axis Multicap Fund charges 1.03% a year, against 1.09% for Bajaj Finserv Multi Cap Fund. On ₹1 lakh that's ₹1,030 a year against ₹1,090, taken quietly from the NAV.
What your money would have become
The same amount, put into each fund on the same day.
The dashed line is the ₹10,000 you put in. Above it is profit, below it is loss.
- ABajaj Finserv Multi Cap Fund₹10,938 from ₹10,000(9.4% a year)
- BAxis Multicap Fund₹11,268 from ₹10,000(12.7% a year)
A one-time ₹10,000 put in 1 year ago, valued at the latest NAV. This is what happened, not what will.
Strengths and watch-outs
Each fund judged against its own category, and against a 5-year SBI FD at 6.05%.
ABajaj Finserv Multi Cap Fund
- Watch out: Less than 3 years of history, too short to judge
BAxis Multicap Fund
- Strength: Ahead of its category: 20.1% a year over 3 years, against a category average of 15.3%
- Strength: In the top quarter of its category over 3 years (#1 of 23)
- Strength: Beat a 5-year SBI FD: 20.1% a year over 3 years, against 6.05%
All the numbers
The stronger figure in each row is marked Best. Under each return is the fund’s rank in its category and the category average.
| Measure | ABajaj Finserv Multi Cap Fund | BAxis Multicap Fund |
|---|---|---|
| ReturnsHow much the fund grew. Beyond a year, this is per year (annualised). | ||
| 1 yearLast 12 months, the most noisy figure | 9.4%#10 of 31 · avg 6.6% | 12.7%Best#5 of 31 · avg 6.6% |
| 3 yearsPer year, over a full market mood swing | – | 20.1%#1 of 23 · avg 15.3% |
| RiskHow bumpy the ride was. This is what decides whether you stay invested. | ||
| Ups and downsVolatility: how far it swings in a typical year. Lower is calmer | 14%Bestcategory avg 14.9% | 15%category avg 14.9% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −14.2%Bestcategory avg −22.3% | −18.1%category avg −22.3% |
| Best 12 monthsIts strongest year | 15.9% | 60%Best |
| Worst 12 monthsIts weakest year | -1.8%Best | -4.2% |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 98%Best | 93% |
| Cost and sizeThe fee comes out of your returns every year, whether the fund does well or not. | ||
| Expense ratioYearly fee. Lower keeps more for you | 1.09% | 1.03%Best |
| Fund sizeMoney managed (AUM). Neither better nor worse | ₹1,641 Cr | ₹11,972 Cr |
| Minimum SIPSmallest monthly amount | ₹500 | ₹100Best |
| Lock-inTime before you can withdraw | None | None |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
ABajaj Finserv Multi Cap Fund
Might suit you if…
- a smoother ride matters more to you than the top return
- you may need the money at short notice and want better odds of being in profit
BAxis Multicap Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls
- you care about keeping costs low, which adds up over decades