Nippon India Multi Cap Fund delivered a healthy return under CIO S R Bhan

Nippon India Multi Cap Fund delivered a double-digit return even as the broader markets struggled to stay in positive territory

In a year when large, medium and small-cap companies were struggling to generate returns beyond the low single digits, Nippon India Multi Cap Fund posted a healthy 14.12 per cent gain. Even on a three-year basis, the scheme managed by Sailesh Raj Bhan delivered compounded annual growth of 19.35 per cent in net asset value.

The strong showing over the last three years helped Bhan, who is the CIO – Equity Investments, Nippon India Mutual Fund, win the Business Standard Fund Manager of the Year 2022 award in the Flexi Cap Equity category. Flexi-cap mutual funds are open-ended equity schemes