New Delhi, June 8 -- Multi-cap funds provide exposure to companies across large-, mid- and small-cap segments, making them a diversified investment option for many investors. When evaluating multi-cap funds, factors such as expense ratios, consistency of returns and performance relative to the benchmark can help identify suitable choices.

Here are five multi-cap funds with relatively low expense ratios that have delivered strong returns while outperforming their respective benchmarks.

Multi-cap funds are equity mutual funds that allocate at least 75% of their total accumulated funds to equity and equity-related instruments.

As per regulations, these funds must invest at least 25% each in large-, mid- and small-cap stocks. This structur...