Multi Cap Fund · head to head · AMFI NAVs
ICICI Prudential Multi Cap Fund vs Nippon India Multi Cap Fund: SIP returns compared
Same ₹10,000 monthly SIP, same dates, Direct plans: over the last 5 years ICICI Prudential Multi Cap Fund is worth ₹8.25 L (XIRR 13.1%) and Nippon India Multi Cap Fund ₹8.12 L (XIRR 12.4%) — ICICI Prudential Multi Cap Fund ahead by ₹12,652. Across every 5-year SIP since Jan 2013, ICICI Prudential Multi Cap Fund finished ahead in 50 of 106 and Nippon India Multi Cap Fund in 56.
Historical simulation on actual NAVs — not a forecast and not investment advice. Disclaimer
ICICI Prudential Multi Cap Fund: invested — over — instalments; valued at NAV of —:
| Year | Invested | ICICI Prudential Multi Cap Fund value | XIRR to date |
|---|
₹10,000 a month in each: what it became
Each row is a monthly SIP ending today (1 Oct 2026), Direct plans. Post-tax assumes everything is redeemed today with no other capital gains this year.
| SIP period | Invested | ICICI Prudential Multi Cap Fund | XIRR | Nippon India Multi Cap Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.20 L | -0.2% | ₹1.17 L | -6.0% | ₹1.20 L / ₹1.17 L |
| 3 years | ₹3,60,000 | ₹3.92 L | 5.9% | ₹3.76 L | 3.0% | ₹3.92 L / ₹3.76 L |
| 5 years | ₹6,00,000 | ₹8.25 L | 13.1% | ₹8.12 L | 12.4% | ₹8.12 L / ₹8.01 L |
| 10 years | ₹12,00,000 | ₹26.70 L | 15.5% | ₹28.23 L | 16.5% | ₹25.05 L / ₹26.40 L |
Every 5-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 106 SIPs, the first starting Jan 2013. ICICI Prudential Multi Cap Fund finished ahead in 47% of them; the median gap was 0.6 percentage points a year in Nippon India Multi Cap Fund's favour.
Downside on the same dates: ICICI Prudential Multi Cap Fund's worst 5-year SIP returned -7.1% a year (started Apr 2015) and 3 of 106 lost money; Nippon India Multi Cap Fund's worst returned -10.3% (started Apr 2015) and 7 lost money.
XIRR of every 5-year monthly SIP by the month it started. Gap = ICICI Prudential Multi Cap Fund minus Nippon India Multi Cap Fund, percentage points a year.
| Window | SIPs compared | Ahead (ICICI / Nippon) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 130 | 50% / 50% | +0.0 pp | -11.0 ppstarted Sep 2020 | +8.8 ppstarted Nov 2013 |
| 5-year SIPs | 106 | 47% / 53% | -0.6 pp | -6.8 ppstarted Jun 2019 | +5.7 ppstarted Jun 2015 |
Against an index fund, and the cost of the Regular plan
- ICICI Prudential Multi Cap Fund beat a plain Nifty 500 index fund in 100% of 49 rolling 3-year SIPs (median gap +5.6 pp a year) — ICICI Prudential Multi Cap Fund vs Nifty 500 index fund.
- ICICI Prudential Multi Cap Fund: the Regular plan of the same 10-year SIP ended ₹1,37,520 below Direct.
- Nippon India Multi Cap Fund beat a plain Nifty 500 index fund in 100% of 49 rolling 3-year SIPs (median gap +10.6 pp a year) — Nippon India Multi Cap Fund vs Nifty 500 index fund.
- Nippon India Multi Cap Fund: the Regular plan of the same 10-year SIP ended ₹1,26,400 below Direct.
Questions
Which has given better SIP returns, ICICI Prudential Multi Cap Fund or Nippon India Multi Cap Fund?
Over the last 5 years a ₹10,000 monthly SIP (Direct plans) is worth ₹8.25 L in ICICI Prudential Multi Cap Fund (XIRR 13.1%) and ₹8.12 L in Nippon India Multi Cap Fund (XIRR 12.4%). Past returns don't tell you which will do better next.
Has ICICI Prudential Multi Cap Fund beaten Nippon India Multi Cap Fund consistently?
In 47% of 106 rolling 5-year SIPs started on the same dates (from Jan 2013), ICICI Prudential Multi Cap Fund ended ahead of Nippon India Multi Cap Fund (Direct plans). The median difference was -0.6 percentage points a year.
Where does this data come from?
Official daily NAVs published by AMFI. SIP instalments fall on the first business day of each month; both funds are compared on identical dates. Updated monthly.
Comparison on official AMFI NAVs, SIP on the first business day of each month, identical dates for both funds. It shows what happened, not which fund to buy — past performance does not indicate future returns. sipcalculatorhub.com is not a SEBI-registered investment adviser. Methodology.
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