SIP calculation: How much a 10-year SIP in top 5 multi-cap funds by information ratio is worth today

Among the six multi-cap mutual fund scheme with a 10-year performance history, Quant Multi Cap Fund's direct plan delivered the highest 10-year annualised returns of 18.32%, along with the best Information Ratio of 0.45 among peers.

As per the dataset compiled by Crisil Intelligence on Association of Mutual Funds in India (AMFI) website, only six of the 32 multi-cap schemes have seen a full decade of returns till August 27, 2026. Of these, the top five schemes by 10-year Information Ratio (IR) for the direct plan are Quant Multi Cap (0.45), Nippon India Multicap (0.25), Baroda BNP Paribas Multi Cap (0.12), ICICI Prudential Multi Cap (0.11), and Invesco India Multi Cap (0.04).

Meanwhile, the benchmark index returned 14.63% over the 10-year period. Quant's 18.32% direct plan returns exceeded the benchmark by 369 basis points.

Nippon India, the largest fund in the group with assets under management (AUM) of ₹56,287 crore, posted a 10-year direct plan annualised returns of 15.89%, beating the benchmark by 126 basis points. Invesco India Multi Cap, with an AUM of ₹4,532 crore, delivered 14.85%, narrowly above the benchmark.

The contrast between 5-year and 10-year performance is striking.

Nippon India posted the highest 5-year direct plan returns of 18.59% but ranked second on 10-year returns at 15.89%. Quant Multi Cap was the opposite: its 10-year CAGR of 18.32% was the best in the group, but its 5-year return dropped to 13.35%, the lowest among the five. ICICI Prudential Multi Cap, with an AUM of ₹19,569 crore, held the middle ground with a 5-year returns of 16.88% and a 10-year figure of 15.36%.

How monthly SIPs would have grown

A monthly SIP of ₹5,000 in Quant Multi Cap's direct plan over 10 years, assuming the fund's 10-year CAGR held steady, would have grown to approximately ₹17.2 lakh against an invested amount of ₹6 lakh. The same SIP in Invesco India Multi Cap would have reached ₹13.8 lakh. At ₹10,000 per month, the Quant corpus would have touched ₹34.3 lakh versus Invesco's ₹27.6 lakh. At ₹15,000 per month, Quant would have reached ₹51.5 lakh against Invesco's ₹41.4 lakh.

Over 5 years, Nippon India led the pack. A ₹5,000 monthly SIP in its direct plan would have grown to ₹4.97 lakh against ₹3 lakh invested. At ₹15,000 per month, the corpus would have reached ₹14.9 lakh.

Takeaways for investors

The data shows that direct plans of all five schemes beat the benchmark's 14.63% 10-year return, though by varying margins.

Quant's outperformance of 369 basis points translates into a ₹2.4 lakh difference on a ₹5,000 monthly SIP over 10 years compared with Invesco, the fifth-ranked fund. The Information Ratio captures this efficiency: Quant's 0.45 means it generated 45 basis points of excess return per unit of tracking error, nearly double Nippon India's 0.25.

The gap between 5-year and 10-year returns underscores the importance of evaluating funds over full market cycles.

Quant led over 10 years but lagged over 5, while Nippon India was the reverse. All five schemes carry a "Very High" risk rating on the riskometer, consistent with the benchmark's own risk classification.