WOC Multi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
WOC Multi Cap Fund Direct Growth Plan closed at ₹16.672 as of 17 Sep 2026, with an AUM of ₹4,384 Cr. Its 1-year, 3-year and 5-year returns are 5.03%, 0% and 0%, and the scheme is tagged High Risk. Our view is that the fund has shown some recent recovery, but the longer history is still too short to judge it as a steady multi-cap compounder.
It may suit investors who can tolerate high volatility and want a diversified equity mandate rather than a low-drawdown profile. The portfolio is led by large financials and a few other individual names, so the fund may be more sensitive to stock-specific moves than a broad, evenly spread core equity option.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹16.672 as of 17 Sep 2026 |
| AUM | ₹4,384 Cr |
| Expense Ratio | 0.51% |
| Launch Date | 22 Sep 2023 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% on or before 1M, Nil after 1M |
| Fund Managers | Ramesh Mantri, Piyush Baranwal, Trupti Agrawal, Dheeresh Pathak |
The fund is managed by Ramesh Mantri, Piyush Baranwal, Trupti Agrawal and Dheeresh Pathak.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.65% | -3.66% |
| 3M | 2.63% | -3.71% |
| 1Y | 5.03% | -7.13% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is mixed rather than smooth. Over one month, the fund was negative, but it still did better than the benchmark. Over three months and one year, it turned positive while the benchmark remained negative, which suggests the fund has recently held up better than the reference index.
The daily pattern also points to a stop-start recovery. There is no sign of a clean one-way climb; instead, the series shows short bursts of improvement interrupted by pullbacks. That is consistent with a higher-volatility equity fund that can recover, but not in a straight line.
The longer comparison is harder to interpret because 3-year and 5-year figures are not available for the fund or the benchmark in the current view. Even so, the available 1-year result is important: the fund has outpaced the benchmark on a relative basis, but the absolute gain is still modest for an equity strategy with a High Risk tag.
For investors, the main takeaway is that the fund’s short-term behaviour is better than the benchmark’s, yet it has not built a long public record here to show how durable that edge may be through a full cycle.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD WOC Multi Cap?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding WOC Multi Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| WOC Multi Cap Fund Direct Growth Plan | 5.03% | Data not available | Data not available |
| Groww Multicap Fund Direct Growth Plan | 14.94% | Data not available | Data not available |
| TRUSTMF Multi Cap Fund Direct Growth Plan | 14.56% | Data not available | Data not available |
| Mahindra Manulife Multi Cap Fund Direct Growth Plan | 11.14% | 16.6% | 15.58% |
| Bank of India Multi Cap Fund Direct Growth Plan | 10.47% | 16.74% | Data not available |
| ITI Multi Cap Fund Direct Growth Plan | 9.07% | 15.96% | 13.64% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the available 1-year numbers, the fund trails the listed peer set, with several peers posting double-digit gains. That makes the short-term comparison look less convincing than the fund’s own recent edge over the benchmark.
The longer-term picture is more balanced but still not clearly stronger. Where 3-year and 5-year figures are available for peers, some of them show solid compounded returns, while this fund does not yet have a visible long-term history in this view. So the peer comparison separates short-term momentum from long-term evidence: the fund has improved recently, but others have already demonstrated more developed multi-year records.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Limited | Bank | 5.29% |
| Clearing Corporation of India Ltd | Cash & Cash Equivalents and Net Assets | 4.05% |
| Bharti Airtel Limited | Telecom | 2.48% |
| Nestle India Limited | FMCG | 2.36% |
| HDFC Bank Limited | Bank | 2.07% |
| State Bank of India | Bank | 1.77% |
| Mahindra & Mahindra Limited | Automobile & Ancillaries | 1.63% |
| Eternal Limited | Retailing | 1.6% |
| Nexus Select Trust – Reit | Finance | 1.49% |
| Max Financial Services Limited | Finance | 1.42% |
The top 10 holdings account for approximately 24.16% of the portfolio.
To see all holdings, visit the WOC Multi Cap Fund Direct Growth Plan page
The largest position, ICICI Bank Limited, is 5.29%, which is meaningful but not dominant on its own. The weight then steps down to 4.05% and moves into a cluster of holdings between roughly 2.5% and 1.4%, so the top end is visible without looking excessively concentrated.
That said, the top 10 holdings together make up only about a quarter of the portfolio, and the fund discloses 62 holdings in total. This suggests that the visible core is important, but there may also be a long tail of smaller positions that can influence returns in aggregate.
Our view is that the structure looks moderately spread rather than narrowly concentrated. The fund may therefore reflect both a few higher-conviction positions and a broader set of smaller holdings, which can soften single-stock dependence while still leaving stock selection relevant.
Source data date: as of 17 Sep 2026
Who should invest
This fund fits investors who can handle High Risk equity exposure and who are comfortable with uneven short-term performance. The recent 1-year result is positive, but the 1-month figure is negative and the 3-month path has been choppy, so this is better viewed as a volatile equity allocation than a defensive holding.
The more suitable horizon is medium to long term, because short windows have been inconsistent and the fund does not yet show a long public record in this view. Investors who want to stay close to the benchmark may notice that the fund has recently behaved better than the index, but the overall trade-off is that such outperformance has come with equity-style swings and limited long-term evidence here.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold within 1 month; nil after 1 month.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of WOC Multi Cap Fund Direct Growth Plan?
The current NAV is ₹16.672 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 5.03%, while the 3-year and 5-year returns are not available in this view.
How has it performed against the benchmark recently?
It has recently done better than the benchmark on the available 1-month, 3-month and 1-year figures. The benchmark stayed negative across those same periods while the fund moved back into positive territory over 3 months and 1 year.
How does it compare with peer funds on available return data?
Its 1-year return is below the listed peer funds that have available 1-year numbers. Some peers also show multi-year returns that this fund does not yet display here.
Is there a minimum SIP amount?
Yes, the minimum SIP amount is ₹100.
What are the risk profile, portfolio concentration and exit load?
The fund is tagged High Risk. Its top 10 holdings account for about 24.16% of the portfolio, and the exit load is 1% within 1 month and nil after 1 month.
Bottom line
WOC Multi Cap Fund Direct Growth Plan has improved in the recent period, with positive 3-month and 1-year returns after a weak 1-month stretch, and it has done better than the benchmark across the available windows. The peer set looks stronger on 1-year figures, while some peers also have more established multi-year records. The fund carries a High Risk profile, and its portfolio is led by a relatively small set of holdings rather than a single dominant position, which leaves room for active stock selection to matter.
Published on 18 September 2026 at 9:33 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.