Which has the lower expense ratio, Axis Multicap Fund - Direct Growth or Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option?

Axis Multicap Fund - Direct Growth's expense ratio is 0.93% versus Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option's 0.49%. A lower expense ratio directly improves your net returns over the long term, all else being equal.

Can I invest in both Axis Multicap Fund - Direct Growth and Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option?

Yes, but check for portfolio overlap first if both funds are in the same category — holding two funds with very similar underlying stocks reduces the diversification benefit of investing in more than one fund.

Axis Multicap Fund - Direct Growth vs Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option

Q: Axis Multicap Fund - Direct Growth vs Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option — which has given better returns?

Axis Multicap Fund - Direct Growth has a 1-year return of 5.98% versus Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option's 1.79%. Compare NAV, expense ratio and star rating above before deciding, and check consistency over 3-5 years rather than a single year.

Side-by-side comparison of NAV, returns, expense ratio and star rating.

Axis Multicap Fund - Direct Growth

Axis Mutual Fund

★★★★★

Equity · Multi Cap

Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option

Nippon India Mutual Fund

★★★★★

Equity · Multi Cap

Metric	Axis Multicap Fund - D...	Nippon India Nifty 500...
NAV	₹20.02	₹9.48
Star Rating	★★★★★	★★
Expense Ratio	0.93%	0.49%
AUM	₹11,984 Cr	₹529 Cr
1M Return	-5.34%	-5.55%
3M Return	+2.61%	-2.1%
6M Return	+10.73%	+14.04%
1Y Return	+5.98%	+1.79%
3Y CAGR	+17.74%	—
Risk Level	—	—
Fund Manager	Anupam Tiwari	Himanshu Mange

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