Blog Single

ICICI Pru Multi Asset Fund (G) : 

ICICI has been one of the pioneers of this category and has been running this fund since 2002, With a large fund size 63,001 cr with the next fund far away in terms of size. Very low expense ratio of 1.38. Fund PE is 21.32 showing a growth bias in the fund. With Benchmark as Nifty 200 65% + debt 25% + Domestic price of gold 6% and Price of silver 1%+ IComex 3%, which shows the fund would always have 10% in the commodities 

Quant Multi Asset Fund (G) :  

This fund was one of the earliest funds launched in 2001, Fund size of 3,666.25 cr. The expense ratio of the fund is 1.86, Fund has PE of 16.06. The fund is benchmarked against 65% BSE 200+ 15 CRISIL short term bonds +20% ICOMDEX TRI, so this fund has a major allocation to commodities to 20%, the debt allocation here is reduced to 10%. But the equity portion remains the same.

UTI Multi Asset Allocation Fund Reg (G): 

This fund was launched in the year 2008, it had delivered results in very recent times, with a decent fund size of 5,902.09 Cr. The fund has a high expense ratio of 1.73. The high PE of 29.22 shows a major allocation to growth stock. The benchmark of the fund is 65% BSE 200 TR INR  + 25% CRISIL composite bond TR INR + 10% price of gold. Which is very similar to that of ICICI so it would also have a 10% index in the commodities. 

HDFC Multi Asset Fund (G): 

The fund was launched in the year 2005, with a decent fund size of 4,634.55 cr. The fund expense ratio is high at 1.88. The PE of 21.26 shows growth bias. The fund’s benchmark is 65% NIFTY50 TRI+ 25% in NIFTY Composite Debt  + 10% price of Domestic gold. The fund is somewhat similar to ICICI but only shows gold as commodity. 

SBI Multi Asset Allocation Fund Reg (G) : 

This fund was launched in 2005, with a Second largest fund size of 9,440.3 Cr. The expense ratio for the fund is 1.42. PE of 21.50, again growth orientation. The fund is benchmarked with 45% BSE 500 TRI+ 40% CRISIL Composite bond fund +10% domestic prices of gold + 5% domestic price of silver , So this fund has taken a much larger call in debt instruments, and with high concentration of gold at 10% and silver at 5%. So it stands a bit conservative from an equity perspective. 

WhiteOak Capital Multi Asset Allocation Fund Reg (G):

This fund is a new entrant for discussion. It was not part of the last discussion. to the market launched in 2023,a bit high expense ratio of 1.63. part of the list as it gave a spectacular performance since its debut. Fund size of Rs 3,039.83 cr . PE of 21.31 shows growth bias. The fund is benchmarked as 35% BSE 500 TRI Index +45% CRISIL short term bond index + 19% domestic price of bond + 1% domestic price of silver. So this fund has given much more weightage to gold at 19% , again more debt oriented rather than equity oriented , with just 35%  as benchmark allocation. Comparable to SBI but very different from others discussed till now.

Nippon India Multi-Asset Allocation Fund Reg : 

The fund was launched in the year 2020, and has a decent fund size of 6,649.41cr. The funds expense ratio is 1.45, and PE of the fund is 21.09 again shows growth orientation. The fund is benchmarked as  50% BSE 500 TRI+ 20% MSCI World Index TRI, 15% CRSIL short term bond index+ 10% of domestic prices of gold + 5% prices of silver, This fund has different assets altogether . With world exposure through MSCI word index , two commodities gold and silver , gold at 15% and silver at 10%.

Trailing Returns :

1 year trailing Return

1st quartile : 10.5- 14% : WhiteOak Capital Multi Asset Allocation Fund Reg (G) (G)

2rd quartile : 7 – 10.5%  : None

3rth quartile : 3.5- 7%    :ICICI Pru Multi Asset Fund (G), Quant Multi Asset Fund (G),HDFC Multi Asset Fund (G), SBI Multi Asset Allocation Fund Reg (G), Nippon India Multi-Asset Allocation Fund Reg

4th quartile : 0-3.5%       : UTI Multi Asset Allocation Fund Reg (G)

3 years trailing return 

1st quartile : 16-20%  : ICICI Pru Multi Asset Fund (G), Quant Multi Asset Fund (G), UTI Multi Asset Allocation Fund Reg (G), Nippon India Multi-Asset Allocation Fund Reg

2rd quartile : 12-16% : HDFC Multi Asset Fund (G), SBI Multi Asset Allocation Fund Reg (G)

3rth quartile : 8-12%  : None

4th quartile : 4-8%     : None

WhiteOak Capital Multi Asset Allocation Fund Reg (G)  was not launched 

5 years trailing returns 

1st quartile : 21.5- 26%  : ICICI Pru Multi Asset Fund (G), Quant Multi Asset Fund (G)

2rd quartile : 17-21.5%  : 

3rth quartile : 12.5-17% : UTI Multi Asset Allocation Fund Reg (G), HDFC Multi Asset Fund (G), SBI Multi Asset Allocation Fund Reg (G), Nippon India Multi-Asset Allocation Fund Reg

4th quartile : 8-12.5%    : None

WhiteOak Capital Multi Asset Allocation Fund Reg (G)  was not launched

7 Years Trailing returns

1st quartile : 18.25-22%     : Quant Multi Asset Fund (G)

2rd quartile : 14.5- 18.25% : ICICI Pru Multi Asset Fund (G)

3rth quartile : 10.75-14.5% : UTI Multi Asset Allocation Fund Reg (G), HDFC Multi Asset Fund (G), SBI Multi Asset Allocation Fund Reg (G)

4th quartile : 7-10.75%       : None

WhiteOak Capital Multi Asset Allocation Fund Reg (G) and Nippon India Multi-Asset Allocation Fund Reg was not launched

10  years trailing returns 

1st quartile : 14.17%     : ICICI Pru Multi Asset Fund (G), Quant Multi Asset Fund (G)

2rd quartile : 12-14.5% : None

3rth quartile : 9.5-12%  : UTI Multi Asset Allocation Fund Reg (G), HDFC Multi Asset Fund (G), SBI Multi Asset Allocation Fund Reg (G)

4th quartile : 7-9.5%     : None

WhiteOak Capital Multi Asset Allocation Fund Reg (G) and Nippon India Multi-Asset Allocation Fund Reg was not launched.

Rolling returns 

We are looking at 3Y Rolling Returns 01 Jan 2009

15% > Is the returns that we look forward to 

12% Rolling Returns and negative returns 

Vs Category Average

Even though category average does not do justice as each fund is quite different from each other , its just to give a how the fud are performing

Ratios : 

Fund managers Longevity  : 

Portfolio : 

Conclusion : 

Multi Asset funds offer a disciplined and diversified investment strategy that aims to mitigate risk and generate consistent returns. By spreading investments across various asset classes like stocks, bonds, gold and cash equivalents, these funds provide a balanced portfolio that can weather market fluctuations. Last year we did a blog on the same 2024 ( you can read it here ). These fund do sound similar in name but are again to be mapped according to different risk profiles and need.

You can reach us to help you design the best fund portfolio , so that you get best results according to your need and assessment.( you can reach us : https://wa.me/message/LC5W5ZNTPSJ5L1)