The invention relates to a multifunctional peanut leaf fertilizer which comprises the following components in percentages by weight: 0.95-1.55% of macroelements, 0.25-0.45% of trace elements, 0.75-1.25% of organic monosaccharide, 0.35-0.55% of a pesticide, 0.15-0.25% of a wetting agent and the balance of water. The macroelements are a salt containing any one or more of nitrogen, phosphorus and potassium; the trace elements are a salt containing any one or more of iron, copper, zinc, cobalt, manganese, chromium, selenium, iodine, nickel, fluorine, molybdenum, vanadium, tin, silicon, strontium, boron, rubidium and arsenic; the organic monosaccharide is any one or more of glucose, fructose and galactose; the pesticide is one or two of chlorpyrifos and chlorothalonil; the wetting agent is a detergent. By separately applying the multifunctional peanut leaf fertilizer provided by the invention to field blocks with low fertility and high fertility, growth and development of peanuts are obviously promoted; the ability of photosynthesis of the peanuts is obviously enhanced, the output and milled rice rate are increased, and the quality indexes, for example, proteins and fat, of the peanuts are obviously improved.