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.
| Nippon India Multi Asset Allocation Fund Nippon India | DSP Multi Asset Allocation Fund DSP | |
|---|---|---|
| Returns | ||
| 1 year | +2.2% | +3.5% |
| 3 years, a year | +15.8% | +15.5% |
| 5 years, a year | +12.3% | — |
| Since launch, a year | +15.2% | +15.2% |
| 3-year rank in category | 2 of 15 | 3 of 15 |
| Benchmark, 3 years | — | — |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 11.5% | 10.9% |
| Biggest fall, 3 years | -10.9% | -9.9% |
| Sharpe ratio, 3 years | 0.98 | 1.07 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.45% | 1.57% |
| Money in the fund | ₹18,130 cr | ₹10,902 cr |
| Running for | 6.2 years | 3.1 years |
| Minimum SIP | ₹100 | — |
| Benchmark | 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 | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite Index + 20% MSCI World Index |
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 | Nippon India | DSP |
|---|---|---|
| HDFC Bank Limited | 3.3% | 3.5% |
| ICICI Bank Limited | 3.4% | 2.8% |
| Axis Bank Limited | 2.4% | 3.0% |
| Reliance Industries Limited | 1.5% | 1.5% |
| State Bank of India | 1.7% | 1.3% |
| NTPC Limited | 1.1% | 1.0% |
| Mahindra & Mahindra Limited | 1.4% | 0.9% |
| Life Insurance Corporation Of India | 1.0% | 0.8% |
| Knowledge Realty Trust | 0.7% | 0.9% |
| Info Edge (India) Limited | 1.4% | 0.7% |
Both are Multi Asset Allocation funds, from Nippon India and DSP. Nippon India Multi Asset Allocation Fund manages ₹18,130 cr and DSP Multi Asset Allocation Fund ₹10,902 cr. The table on this page sets out their returns, risk, costs and holdings side by side.
Nippon India Multi Asset Allocation Fund, at 1.45% a year, against 1.57% for DSP Multi Asset Allocation Fund.
Over three years, Nippon India Multi Asset Allocation Fund returned +15.8% a year and DSP Multi Asset Allocation Fund +15.5% a year. Over one year they returned +2.2% and +3.5%. Past returns do not indicate future returns.
They hold 19.9% of the same investments, 33.3% of the same industries and 37.0% 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.