Why are these three multicap funds great investment bets?

Multicap funds are funds that invest in companies with a large market capitalization and small and middle-market capitalization. The advantage of these funds is that they can range from investing in large companies to small and medium-sized cap companies and vice versa.

Some of the multi-cap funds have performed well on the long-term horizon. Let's take a look at three such multi-cap funds.

Canara Robeco Equity Diversified Fund
The Canara Robeco Equity Diversified Fund is rated well by CRISIL and is rated the highest 5-star. The returns have been long over the year, with a 5-year return of 9.61 percent annually, while the 7-year return has been 12.51 percent on an annual basis. 
Overall, the returns have been good. The NAV of the growth fund is Rs 147.91, while the NAV of the dividend plan is Rs 33.23. The fund's holdings include some good quality stocks such as Reliance Industries, Infosys, HDFC Bank, ICICI Bank, and Tata Consultancy Services. An excellent option to invest in the fund would be through the SIP route, where the minimum investment is initially Rs 5,000, and after that, you can invest Rs 1,000 every month.

PGIM India Miscellaneous Fund
The fund is rated 5-star by CRISIL. The SIP of Rs 10,000 every month in the last 36 months is increased to Rs 4.19 lakhs. The 1-year return from the fund is over 13 percent, while the 5-year return is 9.13 percent. Overall, the fund has performed well over the medium to long term. The company's top shares include Reliance Industries, ICICI Bank, Infosys, JB Chemicals, HCL Technologies, etc. Value Research has given a 4-star rating to PGIM India Diversified Fund. The fund can give good returns for those who want to invest for an extended period. However, as we all know, mutual funds are risky and should be invested only for those at risk.

UTI Equity Fund
The UTI Equity Fund is another discovery rated 5-star by CRISIL. The fund has assets under management of over Rs 11,000 crore. One can start SIP as well, with a small amount of Rs 100 and Rs 100 every month. The fund's 5-year return is around 10 percent, while the fund's 3-year recovery is over 11 percent. Even the performance over the long term has been spectacular, with returns of approximately 14 percent over seven years. The fund's holding is also stable, with Bajaj Finance, HDFC Bank, L&T Infotech, Infosys, and Kotak Mahindra Bank. For those looking for an investment time frame of 5-7 years, this is not a bad bet.