Bajaj Finserv Multi Asset Allocation Fund
The scheme seeks to generate income from fixed income instruments and generate capital appreciation for investors by investing in equity and equity related securities including derivatives, Gold ETFs, Silver ETFs, exchange traded commodity derivatives and in units of REITs & InvITs.
Growthvine rating: 2/5 — ranked #35 of 50 in category.
Fund basics
| Category | Hybrid: Multi Asset |
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| NAV | ₹11.79 (as of 2026-10-01) |
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| AUM | ₹1,943 Cr |
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| Expense ratio | 1.68% |
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| Riskometer | Very High |
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| Fund manager | Anup Kulkarni |
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| Exit load | For units in excess of 30% of the investment, 1% will be charged for redemption within 3 months |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −13.38% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 115.2% of NIFTY Multi Asset - Equity : Debt : Arbitrage : REITs/InvITs (50:20:20:10) Index's upside and 101.9% of its downside.
Market cap allocation
| Large cap | 64.6% |
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| Mid cap | 13.9% |
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| Small cap | 21.5% |
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Concentration
| Top 5 holdings | 20.9% |
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| Top 10 holdings | 31.3% |
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| Total holdings | 59 |
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Top holdings
- DSP Gold ETF — 8.1%
- ICICI Bank Ltd. — 6.0%
- HDFC Bank Ltd. — 6.0%
- State Bank Of India — 3.3%
- EMBASSY OFFICE PARKS REIT — 3.2%
- Kotak Mutual Fund - Gold ETF — 3.0%
- Bajaj Finserv Money Market Fund-Direct Plan-Growth — 2.5%
- 7.37% Axis Finance Limited (23/08/2028) — 2.5%
- Bharti Airtel Ltd. — 2.4%
- Larsen & Toubro Limited — 2.4%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | −4.0% | Q4 (Bottom) | #36 of 44 |
| 2025 | 19.1% | Q1 (Top) | #7 of 34 |