The invention aims to provide a multifunctional decorative paint, which contains the following concrete components of: by weight, 25-60% of a quadripolymer emulsion made from methacrylic acid, butyl acrylate monomer, styrene, methyl methacrylate and the like, 0.1-5% of nano silver, 0.2-2% of nano sodium silicate, 0.3-4% of nano iron oxide, 0.3-3% of nano silica, 0.8-2% of nano calcium carbonate, 3-12% of deionized water, 1-4% of ultrafine powdered steatile, 3-16% of ultrafine calcium carbonate, 3-5% of titanium dioxide, and a plurality of auxiliary agents such as a dispersant, a wetting agent, a rheological agent, a thickening agent, a color paste, an antifoaming agent and the like. Apart from the common decorative function, the paint provided by the invention also has functions of energy saving, room humidity adjustment, bacteria and mildew resistance, air quality purification, sound insulation, electromagnetic wave shielding, far infrared emission and the like, and is mainly applied for the decoration of building interior walls, especially applied at the places where indoor air quality, temperature and humidity are demanded, such as hospitals, office buildings, museums, conference halls and the like.