Two funds walk into a table. Only the numbers talk.
SBI MultiCap 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.
- ASBI MultiCap Fund
SBI Mutual Fund- Multi Cap Fund
- Direct plan
- Very High Risk
NAV ₹17.97 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 3 years all of them have been around.
Grew faster
BAxis Multicap Fund
Axis Multicap Fund returned 20.1% a year over 3 years, against 13.5% for SBI MultiCap Fund. ₹1 lakh invested 3 years ago would be about ₹1.73 Lakh today, against ₹1.46 Lakh.
Smoother ride
ASBI MultiCap Fund
SBI MultiCap Fund swung the least: about 13.2% a year either way, against 15% for Axis Multicap Fund. Lower means fewer scary days.
Fell less in a crash
ASBI MultiCap Fund
At its worst, SBI MultiCap Fund fell 15.1% 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
BAxis Multicap Fund
Pick any day in the past and hold for a year: Axis Multicap Fund ended up in profit 93% of the time, against 89% for SBI MultiCap Fund.
Costs less
BAxis Multicap Fund
Axis Multicap Fund charges 1.03% a year, against 1.09% for SBI MultiCap 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.
- ASBI MultiCap Fund₹14,400 from ₹10,000(13% a year)
- BAxis Multicap Fund₹16,945 from ₹10,000(19.3% a year)
A one-time ₹10,000 put in 3 years 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%.
ASBI MultiCap Fund
- Strength: Beat a 5-year SBI FD: 13.5% a year over 3 years, against 6.05%
- Strength: Swings less than most funds in its category
- Watch out: Behind its category: 13.5% a year over 3 years, against a category average of 15.3%
- Watch out: In the bottom quarter of its category over 3 years (#19 of 23)
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 | ASBI MultiCap 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 | 0.5%#29 of 31 · avg 6.6% | 12.7%Best#5 of 31 · avg 6.6% |
| 3 yearsPer year, over a full market mood swing | 13.5%#19 of 23 · avg 15.3% | 20.1%Best#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 | 13.2%Bestcategory avg 14.9% | 15%category avg 14.9% |
| Worst fallThe biggest drop from a peak in 10 years. Lower is better | −15.1%Bestcategory avg −22.3% | −18.1%category avg −22.3% |
| Best 12 monthsIts strongest year | 44.3% | 60%Best |
| Worst 12 monthsIts weakest year | -9.7% | -4.2%Best |
| Odds of a gainShare of all 1-year holding periods that ended in profit | 89% | 93%Best |
| 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 | ₹23,456 Cr | ₹11,972 Cr |
| Minimum SIPSmallest monthly amount | ₹500 | ₹100Best |
| Lock-inTime before you can withdraw | None | None |
| What it holdsWhere the money sits. Equity is shares, debt is bonds, cash is waiting to be invested. | ||
| In sharesEquity | 97.2% | – |
| In bondsDebt | 0.1% | – |
| In cashNot yet invested | 2.8% | – |
| HoldingsNumber of investments | 72 | – |
“Best” is not a recommendation: a fund that returned more usually took more risk to do it.
Top 10 holdings
Marked Both where another fund here holds it too.
ASBI MultiCap Fund
- ICICI Bank Ltd4.3%
- Divi's Laboratories Ltd3.6%
- HDFC Bank Ltd3%
- K.P.R. Mill Ltd2.9%
- Adani Enterprises Ltd2.8%
- Adani Power Ltd2.6%
- Aether Industries Ltd2.5%
- Kotak Mahindra Bank Ltd2.5%
- Berger Paints India Ltd2.2%
- Lenskart Solutions Ltd2.2%
As on 31 Oct 2026
BAxis Multicap Fund
Holdings are not available for this fund yet.
Which one fits you?
There is no best fund, only a better fit for what you need the money to do.
ASBI MultiCap Fund
Might suit you if…
- a smoother ride matters more to you than the top return
BAxis Multicap Fund
Might suit you if…
- you want the stronger long-run growth and can sit through sharper falls
- you may need the money at short notice and want better odds of being in profit
- you care about keeping costs low, which adds up over decades