Nippon India Multi Asset Allocation Fund

Q: What are the returns of this mutual fund scheme?

The Nippon India Multi Asset Allocation Fund is a 5 yrs 5 m old fund and has delivered average annual returns of 17.67% since inception. Nippon India Multi Asset Allocation Fund Returns 1-Year 3-Year 5-Year Since Inception 21.44% 20.35% 16.22% 17.67%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹23.9977-3.17% 1 day change	17.67% p.a.	App exclusive #NA View Ranked Funds	₹10,661 Cr

Historical NAV & returns

NAV: ₹23.9977 as on Feb 02, 2026

This fund Category average

Nippon India Multi Asset Allocation Fund overview

AUM (Fund size)	₹10,661 Cr
Exit load	1.0% Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.!
Lock-in Period	Nil
Age	5 yrs 5 m since Aug 07, 2020
Benchmark	NA
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Expense ratio	1.36% as on Feb 01, 2026
Plan type	Regular
Risk	Very High

Nippon India Multi Asset Allocation 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 Feb 03, 2026

Period	This fund	Category average
1 Month	-0.67%	-1.28%
3 Months	3.02%	1.97%
6 Months	10.8%	7.46%
1 Year	21.44%	15.15%
2 Years	17.94%	13.29%
3 Years	20.35%	15.9%
4 Years	16.26%	12.77%
5 Years	16.22%	13.29%

Asset allocationas on Dec 31, 2025

Large Cap 42.2%

Mid Cap 11.22%

Small Cap 6.15%

Other Cap 0%

Top holdings

HDFC Bank Ltd.2.85%

Reliance Industries Ltd.2.81%

ICICI Bank Ltd.2.53%

State Bank of India2.01%

Top sectors

Financial 16.009999999999998%

Energy 6.560000000000001%

Services 5.06%

Automobile 4.03%

SOV 8.75561309%

AAA 4.39781403%

Cash & Call Money 3.99201079%

AA+ 1.79072441%

Top Debt Holdings

GOI 5.16%

Rajasthan State 1.49%

Brookfield India Real Estate Trust REIT 0.94%

Muthoot Finance Ltd. 0.89%

Allocation by Instruments

Mutual Fund 14.26912844%

Repo 7.38784825%

Foreign Mutual Funds 6.45191614%

GOI Securities 5.16320682%

Other Holdings

Nippon India ETF Gold BeES 10.05%

iShares MSCI World ETF 6.45%

Nippon India Silver ETF - Growth 4.22%

Others 1.26%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Nippon India Multi Asset Allocation Fund	-0.67%	10.8%	21.44%	20.35%	16.22%	N.A.
Kotak Multi Asset Omni FoF	-2.32%	8.57%	15.67%	18.57%	17.86%	15.67%
ICICI Prudential Multi Asset Fund	-2.24%	7.19%	13.88%	18.83%	20.12%	16.92%
ICICI Prudential Dynamic Asset Allocation Active FoF	-2.12%	1.91%	8.8%	13.07%	12.16%	12.75%
SBI Multi Asset Allocation Fund	-0.54%	10.45%	18.95%	18.98%	14.67%	11.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Nippon India Multi Asset Allocation Fund	7.41	0.81	1.91	2.71
Kotak Multi Asset Omni FoF	7.92	0.88	1.66	2.01
ICICI Prudential Multi Asset Fund	6.64	0.7	1.82	2.76
ICICI Prudential Dynamic Asset Allocation Active FoF	5.32	0.54	1.25	1.78
SBI Multi Asset Allocation Fund	6.48	0.69	1.9	3.06

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Nippon India Multi Asset Allocation Fund	N.A.	10,661 Cr	5 yrs 5 m	1.36%
Kotak Multi Asset Omni FoF	N.A.	2,255 Cr	21 yrs 7 m	1.07%
ICICI Prudential Multi Asset Fund	N.A.	78,179 Cr	23 yrs 3 m	1.32%
ICICI Prudential Dynamic Asset Allocation Active FoF	N.A.	29,170 Cr	22 yrs 2 m	1.3%
SBI Multi Asset Allocation Fund	N.A.	13,033 Cr	20 yrs 2 m	1.38%

View all Multi Asset Allocation funds

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

Alpha	6.51 vs. 3.26 Higher outperformance against benchmark
Sharpe	1.91 vs. 3.36 Poor risk-adjusted returns
Beta	0.81 vs. 0.66 More sensitive to market's ups & downs
Standard deviation	7.41 vs. 3.42 More volatile performance

Compare Nippon India Multi Asset Allocation Fund in detail with

About this fund

About Nippon India Multi Asset Allocation Fund

Nippon India Multi Asset Allocation Fund is a Multi Asset Allocation mutual fund scheme from Nippon India Mutual Fund. This fund has been in existence for 5 yrs 5 m, having been launched on 07/08/2020. Nippon India Multi Asset Allocation Fund has ₹10,661 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Nippon India Multi Asset Allocation Fund as of 02/02/2026 is ₹24.00. The fund has an expense ratio of 1.36%, which is higher than what most other Multi Asset Allocation funds charge. Currently, the fund has a 59.56% allocation to equity and 17.96% to Debt.

Nippon India Multi Asset Allocation Fund returns of last 1-year are 20.82%. Since launch, it has delivered 17.47% average annual returns. The fund has doubled the money invested in it every 5 yrs.
Nippon India Multi Asset Allocation Fund scheme's ability to deliver returns consistently is higher than 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 Unclassified, Financial, Energy, Services, Automobile sectors. It has taken less exposure in Unclassified, Financial 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 Nippon India ETF Gold BeES, iShares MSCI World ETF, GOI, Nippon India Silver ETF - Growth, HDFC Bank Ltd..

...

Fund AUM	10,661 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Vikram Dhawan

Mr Dhawan has done B.E (Mechanical) and PGD Material Management. Prior to joining Nippon India Mutual Fund he has worked with Nippon Life India AIF Management Limited, Reliance Capital Limited, Gold Matrix Pte, Vedanta Group, Zee Gold Refinery (Shirpur Gold Refinery), N.M. Rothschild & Sons., Bank of Nova Scotia, Birla Copper (Hindalco) and Synthetics & Chemicals Ltd.

Ashutosh Bhargava

Mr. Bhargava is B.Com & MBA (Finance) Prior to joining Nippon India Mutual Fund he has worked with Reliance Capital Ltd and JP Morgan India Service Pvt. Ltd.

Sushil Budhia

Mr. Budhia has done CA Prior to joining Nippon India Mutual Fund, he has worked with YES Bank as Senior President, Axis Bank and UTI Mutual Fund.

Vinay Sharma

Mr. Sharma is B.Arch & PGDCM Prior to joining Nippon India Mutual Fund he has worked with ICICI Prudential AMC, Kotak Mahindra Mutual Fund, J.P. Morgan India Pvt. Ltd. and UTI Bank.

Investment objective

The scheme seeks long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives, Gold & Silver ETF as permitted by SEBI from time to time.

Nippon India Mutual Fund details

No. of schemes	71 view all schemes
Total AUM	7,11,598 Cr as on Dec 31, 2025
Address	30th Floor, One Lodha Place Senapati Bapat Marg, Lower Parel Mumbai Mumbai, 400013
Phone	+91 022 6808 7000

More funds from Nippon India Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Nippon India Multi - Asset Omni FoF	N.A.	1,886 Cr	16.07%	17.43%
Nippon India Aggressive Hybrid Fund	N.A.	4,102 Cr	7.6%	13.71%
Nippon India Balanced Advantage Fund	N.A.	9,725 Cr	6.24%	10.65%
Nippon India Conservative Hybrid Fund	N.A.	933 Cr	9.0%	8.28%
Nippon India Equity Savings Fund	N.A.	920 Cr	6.3%	7.58%

See all Hybrid funds from this AMC

Frequently asked questions

What is the current NAV of Nippon India Multi Asset Allocation Fund?

The current Net Asset Value (NAV) of the Nippon India Multi Asset Allocation Fund plan is approximately ₹23.9977 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Nippon India Multi Asset Allocation Fund is a 5 yrs 5 m old fund and has delivered average annual returns of 17.67% since inception.

Nippon India Multi Asset Allocation Fund Returns

1-Year	3-Year	5-Year	Since Inception
21.44%	20.35%	16.22%	17.67%

How much does this mutual fund charge as expense ratio?

The Nippon India Multi Asset Allocation Fund has an expense ratio of 1.36%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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

The Nippon India Multi Asset Allocation Fund currently has assets under management (AUM) or fund size valued at approximately 10,661 Cr as on Dec 31, 2025.

What are the top stock holdings of Nippon India Multi Asset Allocation Fund?

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

Company	Percentage of Portfolio
HDFC Bank Ltd.	2.85%
Reliance Industries Ltd.	2.81%
ICICI Bank Ltd.	2.53%
State Bank of India	2.01%
Infosys Ltd.	1.89%
Axis Bank Ltd.	1.28%
Bharti Airtel Ltd.	1.24%
Mahindra & Mahindra Ltd.	1.13%
Kotak Mahindra Bank Ltd.	1.03%
Larsen & Toubro Ltd.	0.96%

What are the top sectors Nippon India Multi Asset Allocation Fund has invested in?

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

Sector	Percentage of Portfolio
Financial	16.009999999999998%
Energy	6.560000000000001%
Services	5.06%
Automobile	4.03%
Capital Goods	3.6999999999999993%
Technology	3.39%
Healthcare	2.7%
Consumer Staples	2.3499999999999996%
Metals & Mining	2.04%
Construction	1.81%

To whom does Nippon India Multi Asset Allocation Fund lend to?

The top 3 debt holdings of Nippon India Multi Asset Allocation Fund are as follows

Holding Name	Percentage of Portfolio
GOI	5.16%
Rajasthan State	1.49%
Brookfield India Real Estate Trust REIT	0.94%

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 Nippon India Multi Asset Allocation Fund's debt portion's allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	8.75561309%
AAA	4.39781403%
Cash & Call Money	3.99201079%

What is risk level of Nippon India Multi Asset Allocation Fund?

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

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

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

How can I redeem my investments in Nippon India Multi Asset Allocation Fund?

Redeeming your investments in the Nippon India Multi Asset Allocation Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested 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 Consistency: This fund is one of the best in generating consistent return in it's category.
Return Outperformance: This fund has generated highest return amongst Multi Asset Allocation funds in the last 5 Years.
Chance: This fund has generated a 17.13% annual return in 70% of times for investors holding for at least 5 years.
Owns Gold: This fund has 1.90569424 % AUM in Gold, which acts as a hedge.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.