These 5 schemes have made investors rich, have given returns up to 89% in 1 year

Multicap Mutual Funds: Multicap funds invest in large, mid and small cap firms. It offers you diversification in terms of market cap in your portfolio. We are now going to tell you the names of 5 best multicap funds, which have given returns up to 89 percent in the last 1 year.

Quant Active Fund Direct Quant

• The 1-year return has been 89.33 percent.
• The fund has given an average return of 22.21 per cent per annum since its inception.
• The top five holdings of this fund are ITC Limited, Reliance Industries Limited, State Bank of India, Vedanta Limited and Fortis Healthcare (India) Limited.

Edelweiss Recently Listed IPO Fund

• The 1-year return has been 85.28 percent.
• The fund has given an average return of 22.18 per cent per annum since its inception.

Kotak India Growth Fund Series

• The 1-year return of Kotak India Growth Fund Series 4 Direct is 79.25 per cent.
• The fund has given an average return of 21.30 percent every year since its inception.
• The NAV of Kotak India Growth Fund Series 4 as on November 02, 2021 is Rs 20.43.

Mahindra Manulife Multi Cap Edge Plan

• The one year return of the fund has been 87.45%.
• The fund has given an average return of 20.84 per cent every year since its inception.
• This fund invests 05 percent in Indian stocks.

Baroda Multi Cap Fund

• This fund has invested 96.86 percent in Indian stocks.
• The 1-year return of the fund is 78.30 percent. Its average annual return since inception has been 16.15 percent.

(Investment advice in any fund is not being given by ABP News here. The information given here is for informational purposes only. Mutual fund investments are subject to market risk, read all scheme documents carefully. NAV can fluctuate depending on the factors and forces influencing the security market including interest rate fluctuations.The past performance of a mutual fund may not necessarily reflect the future performance of the schemes. The Mutual Fund does not guarantee or assure any dividend under any of the schemes and is subject to the availability and adequacy of distributable surplus. Investors are advised to review the prospectus carefully and seek specific legal, tax and scheme You are requested to seek expert professional advice regarding the financial implications of investing/participating in