HDFC Multi Asset Allocation Fund
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 Commodities ETFs such as Gold/Silver/other permitted Commodities ETFs and Exchang Traded Commodity Derivatives.
Growthvine rating: 3/5 — ranked #20 of 55 in category.
Fund basics
| Category | Hybrid: Multi Asset |
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| NAV | ₹76.79 (as of 2026-11-11) |
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| AUM | ₹5,782 Cr |
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| Expense ratio | 1.58% |
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| Riskometer | Very High |
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| Fund manager | Ihab Dalwai |
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| Exit load | For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days |
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Performance & risk
| 5-year annualised return | 8.99% |
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| Sharpe ratio | 0.53 |
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| Standard deviation | 8.10% |
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| Max drawdown | −27.15% |
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| Alpha | 0 |
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| Beta | 0.77 |
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Over 5 years, captured 91.5% of NIFTY Multi Asset - Equity : Debt : Arbitrage : REITs/InvITs (50:20:20:10) Index's upside and 77.4% of its downside.
Market cap allocation
| Large cap | 80.6% |
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| Mid cap | 7.6% |
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| Small cap | 11.8% |
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Concentration
| Top 5 holdings | 22.0% |
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| Top 10 holdings | 31.6% |
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| Total holdings | 91 |
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Top holdings
- HDFC Gold ETF — 11.7%
- HDFC Bank Ltd. — 6.9%
- Net Receivable / Payable — 6.6%
- Reliance Industries Ltd — 4.9%
- ICICI Bank Ltd. — 4.7%
- Bharti Airtel Ltd. — 2.9%
- TREPS - Tri-party Repo — 2.8%
- Kotak Mahindra Bank Ltd. — 2.6%
- AXIS Bank Ltd. — 2.5%
- Maruti Suzuki India Ltd. — 1.9%
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 1.5% | Q3 | #27 of 44 |
| 2025 | 13.2% | Q4 (Bottom) | #28 of 34 |
| 2024 | 13.5% | Q3 | #18 of 23 |
| 2023 | 18.0% | Q4 (Bottom) | #14 of 17 |
| 2022 | 4.3% | Q3 | #9 of 14 |