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.
| SBI Multi Asset Allocation Fund SBI | Nippon India Multi Asset Allocation Fund Nippon India | |
|---|---|---|
| Returns | ||
| 1 year | +1.7% | +2.2% |
| 3 years, a year | +12.7% | +15.8% |
| 5 years, a year | +11.4% | +12.3% |
| Since launch, a year | +9.3% | +15.2% |
| 3-year rank in category | 7 of 15 | 2 of 15 |
| Benchmark, 3 years | +12.5% | — |
| Risk | ||
| Risk level | Very High | Very High |
| How bumpy, last year | 9.3% | 11.5% |
| Biggest fall, 3 years | -8.7% | -10.9% |
| Sharpe ratio, 3 years | 0.84 | 0.98 |
| Beta | — | — |
| Alpha, a year | — | — |
| Cost and size | ||
| Yearly cost (expense ratio) | 1.38% | 1.45% |
| Money in the fund | ₹20,828 cr | ₹18,130 cr |
| Running for | 21.0 years | 6.2 years |
| Minimum SIP | — | ₹100 |
| Benchmark | 45% BSE 500 TRI + 40% Crisil Composite Bond Fund Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver. | 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 | SBI | Nippon India |
|---|---|---|
| HDFC Bank Ltd. | 1.8% | 3.3% |
| ICICI Bank Ltd. | 1.5% | 3.4% |
| Kotak Mahindra Bank Ltd. | 1.3% | 1.2% |
| Axis Bank Ltd. | 1.1% | 2.4% |
| Reliance Industries Ltd. | 1.0% | 1.5% |
| Muthoot Finance Ltd. | 1.2% | 0.9% |
| Oil & Natural Gas Corporation Ltd. | 1.2% | 0.8% |
| Varun Beverages Ltd. | 0.8% | 1.1% |
| Knowledge Realty Trust | 1.0% | 0.7% |
| Bajaj Finserv Ltd. | 0.9% | 0.6% |
Both are Multi Asset Allocation funds, from SBI and Nippon India. SBI Multi Asset Allocation Fund manages ₹20,828 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.
SBI Multi Asset Allocation Fund, at 1.38% a year, against 1.45% for Nippon India Multi Asset Allocation Fund.
Over three years, SBI Multi Asset Allocation Fund returned +12.7% a year and Nippon India Multi Asset Allocation Fund +15.8% a year. Over one year they returned +1.7% and +2.2%. Past returns do not indicate future returns.
They hold 15.6% of the same investments, 30.4% of the same industries and 31.8% 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.