Multi Cap Fund · head to head · AMFI NAVs
Kotak 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 Kotak Multi Cap Fund is worth ₹8.71 L (XIRR 15.4%) and Nippon India Multi Cap Fund ₹8.12 L (XIRR 12.4%) — Kotak Multi Cap Fund ahead by ₹58,826. Across every 3-year SIP since Oct 2021, Kotak Multi Cap Fund finished ahead in 22 of 25 and Nippon India Multi Cap Fund in 3.
Historical simulation on actual NAVs — not a forecast and not investment advice. Disclaimer
Kotak Multi Cap Fund: invested — over — instalments; valued at NAV of —:
| Year | Invested | Kotak 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 | Kotak Multi Cap Fund | XIRR | Nippon India Multi Cap Fund | XIRR | Post-tax (both) |
|---|---|---|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1.20 L | -0.5% | ₹1.17 L | -6.0% | ₹1.20 L / ₹1.17 L |
| 3 years | ₹3,60,000 | ₹3.95 L | 6.5% | ₹3.76 L | 3.0% | ₹3.95 L / ₹3.76 L |
| 5 years | ₹6,00,000 | ₹8.71 L | 15.4% | ₹8.12 L | 12.4% | ₹8.53 L / ₹8.01 L |
Every 3-year SIP, head to head
We started the same SIP in both funds in every month both have NAVs for — 25 SIPs, the first starting Oct 2021. Kotak Multi Cap Fund finished ahead in 88% of them; the median gap was 2.4 percentage points a year in Kotak Multi Cap Fund's favour.
Downside on the same dates: Kotak Multi Cap Fund's worst 3-year SIP returned 7.1% a year (started Oct 2023) and 0 of 25 lost money; Nippon India Multi Cap Fund's worst returned 3.5% (started Oct 2023) and 0 lost money.
XIRR of every 3-year monthly SIP by the month it started. Gap = Kotak Multi Cap Fund minus Nippon India Multi Cap Fund, percentage points a year.
| Window | SIPs compared | Ahead (Kotak / Nippon) | Median gap | Worst gap | Best gap |
|---|---|---|---|---|---|
| 3-year SIPs | 25 | 88% / 12% | +2.4 pp | -1.4 ppstarted Aug 2022 | +4.3 ppstarted Jan 2023 |
Against an index fund, and the cost of the Regular plan
- Kotak Multi Cap Fund beat a plain Nifty 500 index fund in 100% of 25 rolling 3-year SIPs (median gap +6.9 pp a year) — Kotak Multi Cap Fund vs Nifty 500 index fund.
- Kotak Multi Cap Fund: the Regular plan of the same 5-year SIP ended ₹31,565 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, Kotak Multi Cap Fund or Nippon India Multi Cap Fund?
Over the last 5 years a ₹10,000 monthly SIP (Direct plans) is worth ₹8.71 L in Kotak Multi Cap Fund (XIRR 15.4%) 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 Kotak Multi Cap Fund beaten Nippon India Multi Cap Fund consistently?
In 88% of 25 rolling 3-year SIPs started on the same dates (from Oct 2021), Kotak Multi Cap Fund ended ahead of Nippon India Multi Cap Fund (Direct plans). The median difference was +2.4 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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