COMPARE
ITI Multi Cap Fund - Direct Plan - Growth Option vs Tata Multicap Fund - Direct Plan - Growth
ITI Multi Cap Fund and Tata Multicap Fund are both in the Multi Cap Fund category, from ITI Asset Management Limited and Tata Asset Management Limited respectively. ITI Multi Cap Fund has posted a higher 3-year rolling CAGR. Tata Multicap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Tata Multicap Fund has the lower direct-plan expense ratio, by 0.09 percentage points.
| ITI Multi Cap Fund - Direct Plan - Growth Option | Tata Multicap Fund - Direct Plan - Growth | |
|---|---|---|
| Category | Multi Cap Fund | Multi Cap Fund |
| AMC | ITI Asset Management Limited | Tata Asset Management Limited |
| Benchmark | Nifty500 Multicap 50:25:25 TRI | Nifty500 Multicap 50:25:25 TRI |
| NAV | ₹28.6776 (2026-10-28) | ₹15.1916 (2026-10-28) |
| AUM | ₹1,457.53 Cr | ₹3,339.02 Cr |
| Expense Ratio (Direct) | 0.87% | 0.78% |
| Inception | 2019-04-25 | 2023-01-16 |
Returns
ITI Multi Cap Fund leads on 3-year rolling CAGR (20.7% vs Tata Multicap Fund's 13.5%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
ITI Multi Cap Fund has been the more volatile of the two by standard deviation.
| ITI Multi Cap Fund - Direct Plan - Growth Option | Tata Multicap Fund - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.41 | 0.03 |
| 3Y Alpha | 4.1604% | -1.8277% |
| 3Y Std Deviation | 16.0937% | 15.2992% |
| 3Y Calmar Ratio | 0.59 | 0.34 |
Portfolio Analytics
ITI Multi Cap Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| ITI Multi Cap Fund - Direct Plan - Growth Option | Tata Multicap Fund - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 32.743 | 25.4937 |
| P/B Ratio | 5.13 | 6.656 |
| Dividend Yield | 0.5958% | 0.9751% |
| Active Share | 66.88% | 71.03% |
| Portfolio Turnover | 73% | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
ITI Multi Cap Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, ITI Multi Cap Fund or Tata Multicap Fund?
ITI Multi Cap Fund's 3-year rolling CAGR of 20.7% is higher than Tata Multicap Fund's 13.5%. ITI Multi Cap Fund sits in the 68th percentile of its category on this metric, versus the 9th percentile for Tata Multicap Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ITI Multi Cap Fund or Tata Multicap Fund?
Tata Multicap Fund's direct-plan expense ratio is 0.09 percentage points lower than ITI Multi Cap Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, ITI Multi Cap Fund or Tata Multicap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), ITI Multi Cap Fund has been more volatile than Tata Multicap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.41 for ITI Multi Cap Fund vs 0.03 for Tata Multicap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ITI Multi Cap Fund or Tata Multicap Fund?
Tata Multicap Fund has ₹3,339 Cr in assets under management, versus ₹1,458 Cr for ITI Multi Cap Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, ITI Multi Cap Fund or Tata Multicap Fund?
ITI Multi Cap Fund launched on 2019-04-25, making it older than Tata Multicap Fund (launched 2023-01-16). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.