HDFC Multi Asset Fund Direct-Growth

Q: What are the returns of HDFC Multi Asset Fund?

The HDFC Multi Asset Fund is a 12 yrs 8 m old fund and has delivered average annual returns of 11.98% since inception. HDFC Multi Asset Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.4% 15.22% 16.69% 12.24% 11.98%

NAV as of Sep 03, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹80.498+0.46% 1 day change	11.98% p.a.	App exclusive #NA View Ranked Funds	₹4,375 Cr

Historical NAV & returns

NAV: ₹80.498 as on Sep 03, 2025

This fund Category average

HDFC Multi Asset Fund overview

Expense ratio	0.78% as on Aug 31, 2025
Exit load	1.0% Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 12 months.!
AUM (Fund size)	₹4,375 Cr
Lock-in Period	Nil
Age	12 yrs 8 m since Jan 01, 2013
Benchmark	NA
Min. investment	SIP: ₹100 & Lumpsum: ₹100
Risk	High

HDFC Multi Asset Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Sep 04, 2025

Period	This fund	Category average
1 Month	1.11%	1.06%
3 Months	2.41%	2.46%
6 Months	11.52%	12.58%
1 Year	7.4%	7.54%
2 Years	16.19%	16.84%
3 Years	15.22%	16.42%
4 Years	12.7%	13.62%
5 Years	16.69%	17.48%
7 Years	13.55%	13.77%
10 Years	12.24%	12.76%

Asset allocationas on May 31, 2025

Large Cap 42.07%

Mid Cap 2.63%

Small Cap 4.96%

Other Cap 0%

Top holdings

ICICI Bank Ltd.7.11%

Reliance Industries Ltd.6.05%

HDFC Bank Ltd.5.62%

Bharti Airtel Ltd.2.63%

Top sectors

Financial 20.209999999999997%

Energy 9.139999999999999%

Automobile 6.109999999999999%

Technology 5.420000000000001%

Cash 17.13572107%

Cash & Call Money 7.16361369%

SOV 5.89007489%

AAA 5.38381661%

Top Debt Holdings

GOI 5.52%

TMF Holdings Ltd. 1.08%

State Bank of India 0.76%

SMFG India Credit Company Ltd. 0.55%

Allocation by Instruments

Cash Margin 19.73223641%

Mutual Fund 10.60146949%

Repo 10.03638346%

GOI Securities 5.516717849999999%

Other Holdings

Others 19.73%

HDFC Gold ETF 10.6%

Embassy Office Parks REIT 1.06%

Brookfield India Real Estate Trust REIT 0.68%

Detailed portfolio analysis

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
HDFC Multi Asset Fund	N.A.	4,375 Cr	12 yrs 8 m	0.78%
ICICI Prudential Asset Allocator Fund (FOF)	N.A.	26,071 Cr	12 yrs 8 m	0.23%
Kotak Multi Asset Omni FoF	N.A.	1,799 Cr	12 yrs 8 m	0.33%
ICICI Prudential Multi Asset Fund	N.A.	59,452 Cr	12 yrs 8 m	0.66%
SBI Multi Asset Allocation Fund	N.A.	8,395 Cr	12 yrs 8 m	0.58%
Nippon India Multi Asset Allocation Fund	N.A.	5,981 Cr	5 yrs 1 m	0.28%

Fund name	1M	6M	1Y	3Y	5Y	10Y
HDFC Multi Asset Fund	1.11%	11.52%	7.4%	15.22%	16.69%	12.24%
ICICI Prudential Asset Allocator Fund (FOF)	0.56%	11.05%	7.85%	15.23%	16.42%	13.29%
Kotak Multi Asset Omni FoF	1.5%	14.09%	7.33%	19.35%	20.61%	15.59%
ICICI Prudential Multi Asset Fund	1.94%	11.45%	8.67%	20.14%	24.2%	17.16%
SBI Multi Asset Allocation Fund	1.03%	12.22%	8.14%	16.79%	15.43%	12.14%
Nippon India Multi Asset Allocation Fund	1.93%	15.27%	10.69%	20.12%	19.22%	9.06%

Fund name	Std. deviation	Beta	Sharpe	Sortino
HDFC Multi Asset Fund	6.19	0.66	1.26	2.47
ICICI Prudential Asset Allocator Fund (FOF)	5.2	0.54	1.5	2.23
Kotak Multi Asset Omni FoF	8.28	0.87	1.37	1.95
ICICI Prudential Multi Asset Fund	7.05	0.7	1.69	3.01
SBI Multi Asset Allocation Fund	6.72	0.67	1.35	2.52
Nippon India Multi Asset Allocation Fund	8.15	0.85	1.44	2.52

View all Multi Asset Allocation funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.47 vs. 3.4 Higher outperformance against benchmark
Sharpe	1.26 vs. 3.17 Poor risk-adjusted returns
Beta	0.66 vs. 0.63 More sensitive to market's ups & downs
Standard deviation	6.19 vs. 3.36 More volatile performance

Compare HDFC Multi Asset Fund in detail with

About this fund

About HDFC Multi Asset Fund

HDFC Multi Asset Fund Direct-Growth is a Multi Asset Allocation mutual fund scheme from Hdfc Mutual Fund. This fund has been in existence for 12 yrs 8 m, having been launched on 01/01/2013. HDFC Multi Asset Fund Direct-Growth has ₹4,375 Crores worth of assets under management (AUM) as on 31/05/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of HDFC Multi Asset Fund Direct-Growth as of 03/09/2025 is ₹80.50. The fund has an expense ratio of 0.78%, which is higher than what most other Multi Asset Allocation funds charge. Currently, the fund has a 49.66% allocation to equity and 12.89% to Debt.

HDFC Multi Asset Fund Direct-Growth returns of last 1-year are 7.22%. Since launch, it has delivered 11.99% average annual returns. The fund has doubled the money invested in it every 5 yrs.
HDFC Multi Asset Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
The fund's equity portion is primarily invested in Financial, Unclassified, Energy, Automobile, Technology sectors. It has taken less exposure in Financial, Unclassified sectors compared to other funds in the category.
The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
The fund's top 5 holdings are in HDFC Gold ETF, ICICI Bank Ltd., Reliance Industries Ltd., GOI, Bharti Airtel Ltd..

...

Fund AUM	4,375 Cr as on May 31, 2025
Scheme document	View Scheme Document

Fund managers

Amar Kalkundrikar

Mr. Kalkundrikar has done B.Com, CA, CFA, and MBA from Columbia Business School. Prior to joining Nippon India Mutual Fund, he has worked with HDFC Asset Management Company Limited where he has handled multiple roles in Investment – Equity function such as Portfolio Management for PMS business, & performing Equity research in various sectors such as Consumer Staples, Consumer Discretionary, Retail, Construction Materials.

Anil Bamboli

Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI. Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Arun Agarwal

Mr. Agarwal is a B.Com. and Chartered Accountant Prior to joining HDFC Asset Management Company Limited, he has worked with SBI Funds Management Pvt. Ltd., ICICI Bank Limited, UTI Asset Management Pvt. Ltd.

Srinivasan Ramamurthy

Mr. Ramamurthy is an engineer by qualification from Jadavpur University and has done his MBA from IIM - Calcutta. Prior to joining HDFC Asset Management Company Limited, he has worked with Mahindra Mutual Fund, IDBI Federal Life Insurance, IIFL Capital Limited, Maybank Kim Eng, Credit Suisse and KPMG Advisory.

Bhagyesh Kagalkar

Mr. Kagalkar is a B.E. (Production) and MMS (Finance) Prior to joining HDFC Asset Management Company Limited, he has worked with Dolat Capital Markets Ltd., India Infoline Ltd., Sun Engineering Ltd., Al Ahlia Portfolio Securities Co., IIT Investrust.

Nirman S. Morakhia

Mr. Morakhia has done BMS and MBA - Financial Markets Prior to joining HDFC Mutual Fund, he has worked with Mirae Asset Global Investment Management India Pvt. Ltd.

Investment objective

The Scheme seeks to generate long term capital appreciation/income by investing in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold.

HDFC Mutual Fund details

No. of schemes	77 view all schemes
Total AUM	8,37,348 Cr as on Jun 30, 2025
Address	"HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate Mumbai, 400020
Email	shareholders.relations@hdfcfund.com
Phone	022 ? 66316333

More funds from HDFC Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
HDFC Balanced Advantage Fund	N.A.	1,00,299 Cr	0.72%	23.75%
HDFC Retirement Savings Fund - Hybrid Equity Plan	N.A.	1,657 Cr	-0.03%	19.07%
HDFC Hybrid Equity Fund	N.A.	24,461 Cr	1.11%	18.01%
HDFC Multi-Asset Active FoF	N.A.	4,046 Cr	9.13%	N.A.
HDFC Equity Savings Fund	N.A.	5,546 Cr	3.88%	13.21%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of HDFC Multi Asset Fund?

The current Net Asset Value (NAV) of the HDFC Multi Asset Fund - Direct Growth plan is approximately ₹80.498 as of Sep 03, 2025.

What are the returns of this mutual fund scheme?

The HDFC Multi Asset Fund is a 12 yrs 8 m old fund and has delivered average annual returns of 11.98% since inception.

HDFC Multi Asset Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.4%	15.22%	16.69%	12.24%	11.98%

How much does this mutual fund charge as expense ratio?

The HDFC Multi Asset Fund - Direct Growth has an expense ratio of 0.78%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The HDFC Multi Asset Fund currently has assets under management (AUM) or fund size valued at approximately 4,375 Cr as on May 31, 2025.

What are the top stock holdings of HDFC Multi Asset Fund?

The HDFC Multi Asset Fund's equity portion has been invested in the stocks of the following companies

Company	Percentage of Portfolio
ICICI Bank Ltd.	7.11%
Reliance Industries Ltd.	6.05%
HDFC Bank Ltd.	5.62%
Bharti Airtel Ltd.	2.63%
Infosys Ltd.	2.5%
United Spirits Ltd.	1.84%
Hindustan Unilever Ltd.	1.82%
Tata Consultancy Services Ltd.	1.78%
Axis Bank Ltd.	1.61%
Bajaj Finserv Ltd.	1.47%

What are the top sectors HDFC Multi Asset Fund has invested in?

The HDFC Multi Asset Fund's equity portion is primarily invested in the following sectors -

Sector	Percentage of Portfolio
Financial	20.209999999999997%
Energy	9.139999999999999%
Automobile	6.109999999999999%
Technology	5.420000000000001%
Consumer Staples	5.16%
Healthcare	5.07%
Communication	3.02%
Insurance	2.38%
Metals & Mining	2.27%
Services	2.2%

To whom does HDFC Multi Asset Fund lend to?

The top 3 debt holdings of HDFC Multi Asset Fund are as follows

Holding Name	Percentage of Portfolio
GOI	5.52%
TMF Holdings Ltd.	1.08%
State Bank of India	0.76%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The HDFC Multi Asset Fund's debt portion's allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash	17.13572107%
Cash & Call Money	7.16361369%
SOV	5.89007489%

What is risk level of HDFC Multi Asset Fund?

This is a Multi Asset Allocation fund comes with High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in HDFC Multi Asset Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for HDFC Multi Asset Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in HDFC Multi Asset Fund is complete.

How can I redeem my investments in HDFC Multi Asset Fund?

Redeeming your investments in HDFC Multi Asset Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in HDFC Multi Asset Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Multi Asset Allocation

#NA

Return Outperformance: This fund has generated highest return amongst Multi Asset Allocation funds in the last 10 Years.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 12 months.