Two of the largest Multi Asset Allocation funds side by side: returns, risk, cost, size and what they hold. Prices as of 2 Nov 2026.
Past returns do not tell you future returns.
| ICICI Prudential Multi Asset Allocation Fund ICICI Prudential | Nippon India Multi Asset Allocation Fund Nippon India | |
|---|---|---|
| Returns | ||
| 1 year | -3.0% | +2.2% |
| 3 years, a year | +12.1% | +15.8% |
| 5 years, a year | +13.1% | +12.3% |
| Since launch, a year | +13.7% | +15.2% |
| 3-year rank in category | 11 of 15 | 2 of 15 |
| Benchmark, 3 years | — | — |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 10.5% | 11.5% |
| Biggest fall, 3 years | -9.6% | -10.9% |
| Sharpe ratio, 3 years | 0.74 | 0.98 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.43% | 1.45% |
| Money in the fund | ₹83,186 cr | ₹18,130 cr |
| Running for | 24.0 years | 6.2 years |
| Minimum SIP | ₹250 | ₹100 |
| Benchmark | Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) | 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
Past returns do not indicate future returns. Each fund page has the full detail.
The five largest holdings of each, from the latest monthly portfolios
Overlap is the part of the two portfolios that is the same, by weight: 100% would be identical.
What they share, by industry and sector
| Holding | ICICI Prudential | Nippon India |
|---|---|---|
| ICICI Bank Ltd. | 3.6% | 3.4% |
| HDFC Bank Ltd. | 6.1% | 3.3% |
| Axis Bank Ltd. | 2.3% | 2.4% |
| Reliance Industries Ltd. | 3.2% | 1.5% |
| Hindustan Unilever Ltd. | 1.5% | 1.3% |
| Kotak Mahindra Bank Ltd. | 1.3% | 1.2% |
| Infosys Ltd. | 1.1% | 1.4% |
| NTPC Ltd. | 1.4% | 1.1% |
| Avenue Supermarts Ltd. | 1.1% | 1.0% |
| Life Insurance Corporation of India | 3.8% | 1.0% |
Both are Multi Asset Allocation funds, from ICICI Prudential and Nippon India. ICICI Prudential Multi Asset Allocation Fund manages ₹83,186 cr and Nippon India Multi Asset Allocation Fund ₹18,130 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
ICICI Prudential Multi Asset Allocation Fund, at 1.43% a year, against 1.45% for Nippon India Multi Asset Allocation Fund.
Over three years, ICICI Prudential Multi Asset Allocation Fund returned +12.1% a year and Nippon India Multi Asset Allocation Fund +15.8% a year. Over one year they returned -3.0% and +2.2%. Past returns do not indicate future returns.
They hold 30.6% of the same investments, 43.1% of the same industries and 48.4% of the same sectors, by weight, in their latest monthly portfolios.
To set a third or fourth fund alongside, open these two in Compare and add more.