Best multicap equity schemes to invest in 2017

Multicap or diversified equity schemes invest across market capitalisations, covering various sectors, depending on the market view of the fund manager.

Moderate risk-takers, who do not want to take a call on various segments in the market, may consider investing in multicap schemes for long-term wealth creation.

Since the schemes also invest in midcap and smallcap stocks, they are riskier than largecap schemes that invest mostly in large companies.

They have the potential to offer superior returns than largecap schemes because they invest across sectors and market capitalisations. The category return: 17.13 per cent returns in the past five year periods.

Here are three multicap schemes that we have chosen for you: SBI Magnum Multicap Fund, Motilal Oswal MOSt Focussed Multicap 35 Fund, DSP BlackRock Opportunities Fund. Invest in these schemes with an investment horizon of five to seven years.