Quant Multi Cap Fund has recorded a 7.8% return over the last six months, outperforming peers like LIC MF and ICICI Pru Multicap. Investors should note that while the fund has shown strong short-term gains and benchmark outperformance, category leadership often shifts across different time horizons based on market cycles.
Quant Multi Cap Fund has emerged as the top-performing scheme in the multi-cap mutual fund category over the past six months, delivering an absolute return of 7.8% as of July 7, 2026. This performance stands out against peer schemes, with LIC MF Multi Cap Fund recording 5.0% and ICICI Pru Multicap Fund returning 4.5% during the same period. The analysis is limited to funds with assets under management of at least Rs 1,500 crore.
Benchmark Outperformance Trends
Beyond the six-month window, the fund has maintained a lead over its benchmark indices across longer durations. Over the past year, the fund outperformed its benchmark by 6.4 percentage points, a notable result considering the benchmark delivered a negative return of 3.1%. In the three-year period, the fund also stayed ahead, outpacing its benchmark's 9.3% return by 2.6 percentage points. Such data indicates that the fund's investment strategy has effectively navigated recent market volatility compared to its index.
Evaluating Performance Across Timeframes
While Quant Multi Cap Fund leads in the three-month and six-month return categories, performance leadership is not static. For example, LIC MF Multi Cap Fund currently leads in one-month returns at 6.2% and holds the top position for three-year annualized returns at 18.4%. These variations demonstrate why investors often look at multiple time windows rather than a single period to gauge a fund's consistency.
In terms of scale, ICICI Pru Multicap Fund remains the largest among top-performing peers, managing a corpus of Rs 17,675.8 crore. Other funds, including Tata Multicap Fund and Mahindra Manulife Multi Cap Fund, also feature among the top performers in the category. The figures for one and three-year periods are calculated using the Compounded Annual Growth Rate, while shorter periods reflect absolute returns.
For investors, the key monitorable remains the fund's ability to sustain this outperformance as market conditions evolve. Since multi-cap funds are mandated to invest across large, mid, and small-cap stocks, their performance is closely linked to the fund manager's ability to rotate capital between these market segments effectively. Future updates to watch include the fund's portfolio turnover ratio and any changes in sector allocation, which often explain why a fund may lead or lag its peers over specific timeframes.