The invention relates to a capsicum multifunctional insecticide-fertilizer. The capsicum multifunctional insecticide-fertilizer is characterized by comprising, by weight, 33.1 to 33.4 parts of mushroom slag, 32 to 34 parts of urea, 19.4 to 20 parts of potassium sulfate, 7.1 to 7.5 parts of monoammonium phosphate, 2 to 2.5 parts of sodium polyacrylate, 0.6 to 0.8 part of copper sulphate, 0.4 to 0.5 part of potassium permanganate, 0.35 to 0.4 part of aluminum Ridomil, 0.29 to 0.3 part of thiophanate methyl, 0.29 to 0.3 part of carbendazim, 0.18 to 0.2 part of agricultural streptomycin sulphate and 0.08 to 0.1 part of compound sodium nitrophenolate. The insecticide-fertilizer provided by the invention integrates trophic action of mushroom slag, urea, potassium sulfate and monoammonium phosphate, the water retention effect of sodium polyacrylate, the disease prevention effect of copper sulphate, potassium permanganate, aluminum Ridomil, thiophanate methyl, carbendazim and agricultural streptomycin sulphate and the growth-promoting effect of compound sodium nitrophenolate together to overcome the problems of unbalance of soil nutrients, reduced water retention capability of soil, severe soil borne diseases and the like of capsicum. The capsicum multifunctional insecticide-fertilizer is applied to fields like production of capsicum fertilizers, supplement of soil nutrients during capsicum plantation, prevention and treatment of capsicum diseases, etc.