Multi Cap mutual funds are open-ended equity schemes mandated by SEBI to invest across all three market capitalisation segments; large cap, mid cap, and small cap stocks in a fixed minimum proportion. Unlike Flexi Cap funds where managers have full discretion, SEBI’s October 2020 circular requires Multi Cap funds to maintain a minimum 25% each in large cap, mid cap, and small cap stocks, with the remaining 25% at the fund manager’s discretion. This structured allocation ensur

Flexi Cap mutual funds are open-ended equity schemes that invest across the full market capitalisation spectrum, large cap, mid cap, and small cap stocks with no fixed allocation mandate. Introduced by SEBI in November 2020 as a distinct category (separate from Multi Cap funds), Flexi Cap funds must maintain a minimum 65% allocation to equity and equity-related instruments but give fund managers complete freedom in choosing the market cap mix based on prevailing opportunities

Small cap mutual funds invest a minimum of 65% of their total assets in equity and equity-related instruments of small cap companies, those ranked 251 st  onwards in terms of full market capitalisation as defined by SEBI. Fund managers retain flexibility in the remaining allocation to manage risk and capitalise on tactical opportunities across the market-cap spectrum. These companies are typically early-stage enterprises or niche businesses with significant growth potential,

Published: 24-March-2026 Data as of: 14-Feb-2026 Mid cap mutual funds invest a minimum of 65% of their total assets in equity and equity-related instruments of mid cap companies, those ranked 101 st to 250 th  in terms of full market capitalisation as defined by SEBI (Securities and Exchange Board of India). These companies represent the growth engine of the Indian economy, established enough to have proven business models, yet agile enough to deliver outsized returns over l

The following tables rank the top 10 large cap mutual funds across four time horizons: Since Inception, 10-Year, 5-Year, and 3-Year CAGR returns.