The invention relates to multifunctional compound fertilizer with a sterilizing function. The multifunctional compound fertilizer comprises boron mud, calcium nitrate, lutein ester, cattle manure, vermicompost, duck manure, bean curd swill, sodium bentonite, beta-sitosterol, glyphosine, licorzinc, mepiquat chloride, activated bentonite, potassium molybdate, nano silicon oxide, phosphoric acid, zinc oxide powder, cobalt chloride powder, polyvinyl fluoride, dipotassium hydrogen phosphate, chloral hydrate, bensulfuron methyl, prallethrin, diquat, Derris fordii Oliv., sodium polyacrylate, 3-hydroxy butyraldehyde, potassium fluozirconate, selenomethionine and hydroxymethyl cellulose. The multifunctional compound fertilizer has the advantages that the fertilizer is simple in preparation process, excellent in soil repairing ability, good in insecticide performance and capable of providing nutrients for crops and trees, the survival rate of the planted crops and trees is increased greatly, and use effect of the fertilizer is improved.