As the name suggests, multi-cap Unit Linked Insurance Plans (ULIPs) invest in stocks across market capitalisation – large, mid and small cap stocks.
The benefit of Multi Cap strategy is that a fund manager has the leeway to move across market caps which helps you diversify your investment. ULIPs are a mix of investment cum insurance products that come with a five-year lock-in period.
Here are the top-performing Multi Cap ULIPs over a 10-year period. We have shortlisted ten top-performing funds.
Over a ten-year period as of November 7, 2021, BSE 500 TRI has delivered 15.51% annualised return.
Tata AIA Top 200
- Star Rating: 5 stars
- Investment Style: Large Growth
- % of assets in stocks: 71%
- Number of stock holdings: 25
- % of assets in top 10 holdings: 37.93%
- Top 5 holdings: ICICI Bank, HDFC Bank, Reliance Industries Ltd, Infosys, Mahindra & Mahindra. As of October 2021.
Tata AIA Life Super Select Equity Pension Fund
- Star Rating: 5 stars
- Investment Style: Shariah
- % of assets in stocks:70.25 %
- Number of stock holdings: 25
- % of assets in top 10 holdings: 38.98%
- Top 5 holdings: Infosys, Hindustan Unilever, Havells India, Motherson Sumi Systems, KNR Constructions. As of October 2021.
Bharti Axa Life – Growth Opportunities Pension Plus Fund
- Star Rating: 4 stars
- Investment Style: NA
- % of assets in stocks: 96.79%
- Number of stock holdings: 101
- % of assets in top 10 holdings: 35.54%
- Top 5 holdings: Nippon India ETF Bank BeEs, Infosys, Housing Development Finance Corporation, HDFC Bank, Reliance Industries Ltd. As of October 2021.
Tata AIA Life Select Equity Fund
- Star Rating: 5 Stars
- Investment Style: Shariah
- % of assets in stocks: 70.66%
- Number of stock holdings: 28
- % of assets in top 10 holdings: 37.68%
- Top 5 holdings: Infosys, Titan, HUL, Havells India, Dixon Technologies (India) Ltd. As of October 2021.
PNB Met Life Virtue Fund II
- Star Rating: 5 Stars
- Investment Style: Shariah
- % of assets in stocks: 97.39%
- Number of stock holdings: 121
- % of assets in top 10 holdings: 23.41%
- Top 5 holdings: Reliance Industries Ltd, Nippon India ETF Nifty IT, Infosys, Bharti Airtel, Larsen & Toubro. As of November 2021.
Bajaj Allianz Life Pure Stock Fund
- Star Rating: 4 Stars
- Investment Style: Large Blend
- % of assets in stocks: 91.69%
- Number of stock holdings: 58
- % of assets in top 10 holdings: 38.48%
- Top 5 holdings: Reliance Industries Ltd, Infosys, ICICI Prudential IT ETF, Tata Steel, Hindalco Industries Ltd. As of October 2021.
Tata AIA Life Future Equity Pension Fund
- Star Rating: 4 Stars
- Investment Style: Large Growth
- % of assets in stocks: 71.77%
- Number of stock holdings: 16
- % of assets in top 10 holdings: 49.31%
- Top 5 holdings: Nippon India ETF Bank BeEs, ICICI Bank, Infosys, Reliance Industries Ltd, HDFC Bank. As of October 2021.
Edelweiss Tokio Life Equity Top 250
- Star Rating: 4 Stars
- Investment Style: Large Growth
- % of assets in stocks: 95.61%
- Number of stock holdings: 156
- % of assets in top 10 holdings: 24.21%
- Top 5 holdings: Nippon ETF Bank BeEs, Kotak Nifty ETF, Infosys, Reliance Industries Ltd, Housing Development Finance Corporation.
Kotak Classic Opportunities Fund
- Star Rating: 3 Stars
- Investment Style: Large Growth
- % of assets in stocks: 91.47%
- Number of stock holdings: 63
- % of assets in top 10 holdings: 40.43%
- Top 5 holdings: SBI ETF Nifty Bank, Infosys, ICICI Bank, Reliance Industries Ltd, Larsen & Toubro. As of October 2021.
PNB Met Life Virtue
- Star Rating: 4 Stars
- Investment Style: NA
- % of assets in stocks: 96.03%
- Number of stock holdings: 81
- % of assets in top 10 holdings: 29.88%
- Top 5 holdings: Infosys, Reliance Industries Ltd, Larsen & Toubro, Tata Consultancy Services, Bharti Airtel. As of November 2021.
ALSO READ: 8 terms you must know when investing in ULIPs
(These are not investment recommendation by Morningstar. Investors should consult their financial adviser before making any investment decisions.)