Nippon India Multi Asset Allocation Fund
Nippon India Mutual Fund · Multi Asset Allocation · Regular plan, growth option
NAV (₹), 1 Oct 2026
24.2021
1-day change
-0.50%
1Y return
6.6%
3Y CAGR
16.7%
5Y CAGR
13.5%
Max drawdown, 5Y
−10.9%
NAV history month-end NAV, ₹ · 31 Aug 2020 to 1 Oct 2026
Returns vs Multi Asset Allocation median (37 schemes)
| Period | Scheme | Category median |
|---|---|---|
| 1 month | -4.0% | -4.0% |
| 3 months | -1.2% | -2.0% |
| 6 months | 5.0% | 3.2% |
| Year to date | 1.2% | -0.8% |
| 1 year | 6.6% | 5.6% |
| 3 years (CAGR) | 16.7% | 12.8% |
| 5 years (CAGR) | 13.5% | 11.7% |
| 7 years (CAGR) | n/a | 12.6% |
| 10 years (CAGR) | n/a | 10.4% |
| Since first NAV (CAGR) | 15.8% | – |
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 15.6% | 10.9% |
| 3Y rolling median | 17.1% | 13.0% |
| 3Y rolling worst | 12.5% | 3.7% |
| 3Y periods positive | 100% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 16.3% | 9.9% |
| 5Y rolling worst | 13.5% | 0.9% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 9.9% | 9.9% |
| Sharpe ratio | 1.06 | 0.67 |
| Sortino ratio | 1.65 | 0.96 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −10.9% | −12.3% |
| Maximum drawdown, last 10Y | n/a | −27.3% |
| Maximum drawdown, last 5Y | −10.9% | −10.7% |
| Current drawdown | −5.6% | −6.1% |
| Recovery time of worst fall | 140 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 1.44% a year and the Direct plan's 0.47%, a gap of 0.97%; over the last 3 years the Direct plan returned 1.37 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹23,83,677.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 2 Sep 2026: TER increased from 1.32% to 1.44% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Vinay Sharma | 1 Jan 2026 | |
| Vikram Dhawan | 1 Aug 2020 | |
| Sushil Budhia | 1 Mar 2021 | |
| Kinjal Desai | 1 Aug 2020 | |
| Amber Singhania | 1 Mar 2026 |
Objective: The primary investment objective of Nippon India Multi Asset Allocation Fund is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF, Silver ETF as permitted by SEBI from time to time. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Stated asset allocation: Equity & Equity related securities (including overseas securities /Overseas ETF) - 50%-80%, Debt & Money Market Instruments - 10%- 35%, Commodities: 10%- 30% (Includes Gold ETF, Silver ETF and Exchange Traded Commodity Derivatives (ETCDs) where participation will be limited to derivatives contracts in Metals, Energy and Indices as permitted by SEBI from time to time).
Benchmark (tier 1): 50% of BSE 500 TRI, 20% of MSCI World Index TRI, 15% of CRISIL Short Term Bond Index, 10% of Domestic prices of Gold & 5% of Domestic prices of Silver
Exit load: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
Minimum application: ₹5,000
Allotment date: 28 Aug 2020
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 1.44% | 2.16% |
| AUM, whole scheme (₹ crore) | 18,044 | 1,913 |
| Riskometer | Very High | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Month-ends above category median (3Y CAGR) | 100% | 38% median |
| Month-ends in category top quartile (3Y) | 32% | 28% median |
Official 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 (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Multi Asset Allocation Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 1.2% | n/a | – |
| 2025 | 19.6% | n/a | – |
| 2024 | 18.6% | n/a | – |
| 2023 | 24.3% | n/a | – |
| 2022 | 3.2% | n/a | – |
| 2021 | 19.2% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,20,800 | 1.2% |
| 3 years | ₹3,60,000 | ₹4,26,986 | 11.4% |
| 5 years | ₹6,00,000 | ₹8,57,964 | 14.3% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Multi Asset Allocation
Plan / option: Regular · Growth
AMFI scheme code: 148459
ISIN: INF204KB16V0
First NAV in MFIC data: 31 Aug 2020
History: 6.1 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| BANDHAN MULTI ASSET ALLOCATION FUND | Multi Asset Allocation | 0.98 | n/a |
| Mirae Asset Multi Asset Allocation Fund | Multi Asset Allocation | 0.97 | n/a |
| Union Multi Asset Allocation Fund | Multi Asset Allocation | 0.96 | n/a |
| Sundaram Multi Asset Allocation Fund | Multi Asset Allocation | 0.96 | n/a |
| Mahindra Manulife Multi Asset Allocation Fund | Multi Asset Allocation | 0.96 | n/a |
| Bajaj Finserv Multi Asset Allocation Fund | Multi Asset Allocation | 0.96 | n/a |
Questions about Nippon India Multi Asset Allocation Fund
- What is the latest NAV of Nippon India Multi Asset Allocation Fund?
- The NAV of the Regular plan (growth option) was ₹24.2021 on 1 Oct 2026, as published by AMFI.
- Which category is Nippon India Multi Asset Allocation Fund in?
- It is classified as Multi Asset Allocation in AMFI's daily NAV file. MFIC compares it with 37 Multi Asset Allocation schemes (Regular plans).
- What returns has Nippon India Multi Asset Allocation Fund delivered?
- Over one year the NAV changed by 6.6%. The 3-year CAGR is 16.7% (category median 12.8%) and the 5-year CAGR is 13.5% (category median 11.7%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 17.1%, the lowest was 12.5%, and 100% of 3-year periods ended with a gain.
- What was the largest fall in Nippon India Multi Asset Allocation Fund's NAV?
- The largest peak-to-trough fall in its available history was 10.9%; within the last five years it was 10.9% (category median 10.7%).
- How volatile is Nippon India Multi Asset Allocation Fund?
- Its annualised standard deviation of monthly returns over the last 36 months is 9.9%, which is equal to the Multi Asset Allocation category median of 9.9%.
- What would a monthly SIP in Nippon India Multi Asset Allocation Fund have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹8,57,964 on 1 Oct 2026, an annualised return (XIRR) of 14.3%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Nippon India Multi Asset Allocation Fund?
- The total expense ratio of the Regular plan is 1.44% a year, as disclosed to AMFI (median of Multi Asset Allocation Regular plans: 2.16%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Nippon India Multi Asset Allocation Fund?
- Assets under management of the whole scheme were ₹18,044 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Nippon India Multi Asset Allocation Fund?
- AMFI lists the scheme's riskometer as “Very High”, and its benchmark's as “Very High”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- How often has Nippon India Multi Asset Allocation Fund beaten its category?
- At 100% of the 38 month-ends compared over the last 10 years, its 3-year return was above the median of Multi Asset Allocation schemes (Regular plans); it was in the top quarter at 32% of them. A typical scheme would show about 50%.
- Who manages Nippon India Multi Asset Allocation Fund?
- According to its Scheme Summary Document, Nippon India Multi Asset Allocation Fund is managed by Vinay Sharma (since 1 Jan 2026), Vikram Dhawan (since 1 Aug 2020), Sushil Budhia (since 1 Mar 2021), Kinjal Desai (since 1 Aug 2020), Amber Singhania (since 1 Mar 2026).
- What is the exit load of Nippon India Multi Asset Allocation Fund?
- As stated in its scheme documents: 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units. Check the latest Scheme Information Document before investing, as loads can change.
- What is the minimum investment in Nippon India Multi Asset Allocation Fund?
- The minimum application amount is ₹5,000. SIP details: SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 7.8% and the Regular plan's by 6.6%. The Regular plan includes the services of a distributor.
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Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.