Samco Multi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Samco Multi Cap Fund Direct Growth Plan has a NAV of ₹9.36 as of 10 Sep 2026 and a scheme AUM of ₹230 Cr. Its 1-year, 3-year and 5-year returns are -1.37%, 0% and 0%, and the fund sits in the High Risk bucket. Our view is that it has not yet built a long enough performance record to call its process stable, and the recent return pattern is uneven versus its benchmark.

That said, the portfolio is built across 74 holdings, with a meaningful amount still in cash and cash equivalents. For investors who are comfortable with volatility and want a multi-cap allocation with room for active stock selection, this is a fund to watch closely rather than treat as a mature core holding.

Quick facts

Particular	Details
NAV	₹9.36 as of 10 Sep 2026
AUM	₹230 Cr
Expense Ratio	0.78%
Launch Date	30 Oct 2024
Min SIP	₹250
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	Nil upto 10% of units and 1% for remaining units on or before 12M, Nil after 12M
Fund Managers	Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani, Vishal Shinde

The fund is managed by Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani and Vishal Shinde.

Source data date: as of 10 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	3.2%	-4.06%
3M	9.99%	1.37%
1Y	-1.37%	-7.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent numbers are better than the benchmark, especially over 1 month and 3 months. Even the 1-year figure, while negative, is less weak than the benchmark’s 1-year return, so the fund has held up better than Nifty 50 in the latest stretch.

The daily pattern also shows a fund that moved in fits and starts rather than in a straight line. There were periods of recovery after earlier softness, but the path was choppy, which matches a High Risk equity strategy that can swing meaningfully over short intervals.

Because the scheme launched in October 2024, there is no meaningful 3-year or 5-year return history to judge. That matters for investors because the current short record can show near-term behaviour, but it cannot yet confirm whether the fund can sustain that behaviour through different market phases.

In our view, the key question is not whether it has beaten the benchmark in recent months, but whether it can turn that short-run strength into a more durable record as the portfolio matures.

Source data date: as of 10 Sep 2026

Should you BUY or HOLD Samco 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Samco Multi Cap Fund Direct Growth Plan	-1.37%	Data not available	Data not available
TRUSTMF Multi Cap Fund Direct Growth Plan	19.94%	Data not available	Data not available
Groww Multicap Fund Direct Growth Plan	19.23%	Data not available	Data not available
Mahindra Manulife Multi Cap Fund Direct Growth Plan	14.95%	17.31%	16.76%
Bank of India Multi Cap Fund Direct Growth Plan	13.34%	17.45%	Data not available
ITI Multi Cap Fund Direct Growth Plan	13.18%	17.1%	14.48%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The fund’s 1-year return is well below the peer set shown here, while several peers have posted materially stronger gains over the same period. That makes the recent picture less compelling than the broader peer group’s short-term numbers.

The longer-term comparison is mixed only because this scheme does not yet have 3-year or 5-year history, whereas the older peers do. Among the funds with multi-year figures, the available numbers show a stronger established record than this scheme can currently demonstrate, so the gap is as much about fund age as it is about performance.

For investors, the short-term comparison says the fund has work to do, while the peer set with longer histories shows what a more seasoned multi-cap track record can look like.

Source data date: as of 10 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	12.68%
Lalithaa Jewellery Mart Ltd	Domestic Equities	2.79%
Apar Industries Limited	Capital Goods	2.04%
Solar Industries India Limited	Chemicals	1.89%
National Aluminium Company Limited	Non – Ferrous Metals	1.8%
Bank of India	Bank	1.79%
Bank of Maharashtra	Bank	1.7%
Laurus Labs Limited	Healthcare	1.69%
The Federal Bank Limited	Bank	1.69%
Ge Vernova T&D India Limited	Capital Goods	1.6%

The top 10 holdings account for approximately 29.67% of the portfolio.

To see all holdings, visit the Samco Multi Cap Fund Direct Growth Plan page

The largest holding, Clearing Corporation of India Ltd, is 12.68% of the portfolio, which is a meaningful cash and near-cash position. That can reduce immediate equity exposure and may help the fund stay flexible, but it also means the portfolio is not fully concentrated in stocks alone.

The drop from the first holding to the tenth is steep, from 12.68% to 1.6%. That spread suggests a top-heavy starting point, followed by smaller positions that each may have only limited individual influence on returns.

Because the top 10 holdings together make up 29.67% of the portfolio and the scheme discloses 74 holdings overall, the rest of the book appears to be spread across a long tail. In our view, that mix may balance single-stock risk somewhat, while still leaving the largest positions important to day-to-day outcomes.

Source data date: as of 10 Sep 2026

Who should invest

This fund suits investors who are comfortable with High Risk equity exposure and can tolerate short-term swings. The latest return pattern is better than the benchmark in the near term, but the record is still short, so it is more suitable for investors with a longer horizon and patience for uneven results.

It may appeal to those who want a multi-cap allocation and are willing to accept that the current track record is still developing. The main trade-off is between the possibility of catching stronger equity upside over time and the uncertainty that comes with a young scheme whose multi-year evidence is not yet available.

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: Nil upto 10% of units and 1% for remaining units on or before 12 months, nil after 12 months.

Source data date: as of 10 Sep 2026

Frequently asked questions

What is the current NAV of Samco Multi Cap Fund Direct Growth Plan?
Its NAV is ₹9.36 as of 10 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is -1.37%, while the 3-year and 5-year returns are Data not available.

How has it done versus Nifty 50?
It has been ahead of Nifty 50 in the recent 1-month and 3-month periods, and its 1-year return is also less weak than the benchmark.

How does it compare with the peer funds shown here?
Its 1-year return is weaker than the peer funds with available 1-year figures shown here. The older peers with 3-year and 5-year history also show stronger established records than this scheme can currently demonstrate.

What is the minimum SIP amount?
The minimum SIP amount is ₹250.

Who manages the fund and what is its exit load?
The fund is managed by Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani and Vishal Shinde. The exit load is nil upto 10% of units and 1% for remaining units on or before 12 months, and nil after 12 months.

Bottom line

Samco Multi Cap Fund Direct Growth Plan has shown a better recent path than its benchmark, but the short record still leaves its longer-run resilience unproven. Compared with the peer names shown here, its 1-year figure is weaker, while the older peers also provide multi-year history that this scheme cannot yet match. The risk label is High Risk, and the portfolio includes a large cash-and-equivalent position alongside a long tail of holdings, which may keep the fund flexible but also makes its behaviour harder to judge at this stage.

Published on 11 September 2026 at 6:07 PM 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.