Nippon India Multi Asset Allocation Fund Direct IDCW NAV today
AMFI: 148458ISIN: INF204KB10W1MUTF_IN: NIPP_INDI_MULT_1S8NZNVNippon India Mutual FundMulti Asset Allocation funds
Formerly Nippon India Multi Asset Fund
NAV ₹24.0385
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹18,044 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 0.48%18 Oct 2026
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 24.430 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 16530 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 28 Aug 2020
Nippon India Multi Asset Allocation Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −3.32% | – | – | – | – |
| 1 month | −5.96% | – | 24 of 37 | −5.47% | −6.3% to −4.9% |
| 3 months | −4.07% | – | 17 of 35 | −4.09% | −4.9% to −3.4% |
| 6 months | −3.14% | – | 14 of 34 | −3.35% | −4.4% to −2.5% |
| 1 year | +2.29% | +16.58%to 30 Sep 2026 | 13 of 31 | +1.12% | −2.3% to +2.9% |
| 3 years | +17.24% | +17.62%to 30 Sep 2026 | 2 of 15 | +13.17% | +11.9% to +15.5% |
| 5 years | +13.45% | +13.78%to 30 Sep 2026 | 2 of 8 | +12.00% | +10.4% to +13.4% |
| 10 years | Needs 10 years | – | – | +11.25% | +10.9% to +13.8% |
₹10,000 put in on 31 Aug 2020 is ₹25,690 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver, over the same days as the fund, or to the month end its cell names. Rank, median and middle half among the Direct plans of Multi Asset Allocation funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | +9.11% | +16.58% |
| 3 years | +18.28% | +17.62% |
| 5 years | +15.00% | +13.78% |
| Since launch | +17.22% | – |
Benchmark: 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
Highest year to Dec 2023, +25.9%; lowest year to Dec 2022, +4.6%
Nippon India Multi Asset Allocation Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,17,365₹1,17,359 after stamp duty | −4.22% | −4.23% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹4,16,575₹4,16,555 after stamp duty | +9.86% | +9.85% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹8,53,580₹8,53,537 after stamp duty | +14.19% | +14.19% | ₹30 | |
| Since Aug 202074 instalments | ₹7,40,000 | ₹11,68,100₹11,68,041 after stamp duty | +14.74% | +14.74% | ₹37 |
10 years: Launched 28 Aug 2020, needs 10 years of history.
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 31 Aug 2020 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year1,269 windows−2.3%+18.1%+39.0%99.2%
3 years774 windows+14.0%+19.0%+24.4%100.0%
5 years283 windows+13.4%+17.6%+20.7%100.0%
10 yearsLaunched 28 Aug 2020, needs 11 years of history
Every 3 and 5-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Nippon India Multi Asset Allocation Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.96 ptsA year, on 18 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 0.48%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.44%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 0.71%, Dec 2021.Direct plan lowest 0.08%, Apr 2021.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.30% | 1.14% |
| Brokerage | 0.04% | 0.04% |
| Transaction costs | None | None |
| Statutory levies | 0.14% | 0.26% |
Per cent of assets a year, filed for 18 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.MoreLess
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹100
- SIP
- Accepted
- SIP dates
- 1st to 31st of a month
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
- SIP minimum
- Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years)
- SIP instalments, at least
- 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year
As listed for this plan on 24 Oct 2026.
Nippon India Multi Asset Allocation Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹17,454 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 22.7%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Sep 2020.
Assets at each month end
The latest month end is the highest since Aug 2021.Lowest ₹1,089 Cr, Jun 2022.
Nippon India Multi Asset Allocation Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Yield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|---|
| Nippon India ETF Gold BeES | Fund units | 7.94% | 1,431.99 | 11,77,72,043 | – | Sep 2020 | |
| iShares MSCI World ETF | Fund units | 4.52% | 815.10 | 4,11,780 | – | Jul 2022 | |
| ICICI BankBanks | Shares | Large cap5th | 3.44% | 620.45 | 46,94,329 | – | Aug 2020or earlier |
| HDFC BankBanks | Shares | Large cap2nd | 3.25% | 585.60 | 82,63,057 | – | Aug 2020or earlier |
| Nippon India Silver ETF | Fund units | 2.70% | 487.57 | 2,32,59,845 | – | Jul 2024 | |
| Axis BankBanks | Shares | Large cap15th | 2.42% | 437.35 | 35,67,280 | – | Apr 2024 |
| State Bank of IndiaBanks | Shares | Large cap4th | 1.69% | 305.34 | 31,82,318 | – | Aug 2020or earlier |
| EternalRetailing | Shares | Large cap37th | 1.65% | 296.95 | 92,79,553 | – | Apr 2024 |
| Reliance IndustriesPetroleum Products | Shares | Large cap1st | 1.49% | 268.62 | 22,63,054 | – | Aug 2020or earlier |
| Mahindra & MahindraAutomobiles | Shares | Large cap14th | 1.44% | 259.16 | 8,78,500 | – | May 2024 |
| Info Edge (India)Retailing | Shares | Mid cap154th | 1.42% | 255.95 | 20,98,795 | – | Mar 2026 |
| Hindustan AeronauticsAerospace & Defense | Shares | Large cap29th | 1.35% | 243.80 | 5,22,287 | – | Mar 2023 |
| InfosysIT - Software | Shares | Large cap9th | 1.35% | 242.97 | 24,44,081 | – | Aug 2020or earlier |
| Hindustan UnileverDiversified FMCG | Shares | Large cap10th | 1.33% | 239.82 | 12,76,252 | – | Aug 2025 |
| HDFC Life Insurance CompanyInsurance | Shares | Large cap65th | 1.27% | 229.22 | 43,97,870 | – | Aug 2024 |
Weight is per cent of the fund's net assets; value in ₹ crore. 4 lines filed with no weight are listed without one.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| Interest Rate Swaps Pay Fix Receive Floating (25/09/2030) (FV 5000 Lacs) | – | −0.02 | – |
| Interest Rate Swaps Pay Fix Receive Floating (29/09/2031) (FV 5000 Lacs) | – | −0.08 | – |
| Interest Rate Swaps Pay Floating Receive Fix (20/07/2029) (FV 10000 Lacs) | – | 0.06 | – |
Weight is per cent of the fund's net assets; value in ₹ crore. 4 lines filed with no weight are listed without one.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| Triparty Repo | 3.60% | 649.04 |
| Cash Margin - Derivatives | 1.30% | 233.75 |
| Net Current Assets | 0.77% | 145.99 |
| Cash Margin - CCIL | 0.01% | 0.91 |
Weight is per cent of the fund's net assets; value in ₹ crore. 4 lines filed with no weight are listed without one.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 7.94%Nippon India ETF Gold BeES
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 21.85%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 30.54%
- Top 10 sharesTop 10 shares. The share of the fund held in its ten largest shareholdings, bonds and fund units left out.
- 19.50%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 52.1Taken over 94.32% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares57.50%
- Bonds and bills18.65%
- REIT and InvIT units3.01%
- Units of other funds15.16%
- Cash and receivables5.68%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap69.67%Category 61.15%
- Mid cap17.86%Category 20.55%
- Small cap12.16%Category 16.54%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 0.18% of the fund. Category is the average of 37 Multi Asset Allocation funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.16sectors
- Financial Services20.33%Category 17.32%
- Consumer Services8.38%Category 3.03%
- Automobile And Auto Components4.78%Category 4.15%
- Fast Moving Consumer Goods4.51%Category 2.64%
- Capital Goods3.67%Category 4.29%
- Consumer Durables2.68%Category 1.36%
- Oil Gas & Consumable Fuels2.50%Category 3.01%
- Information Technology2.21%Category 2.61%
- Healthcare2.17%Category 4.79%
- Power2.12%Category 1.49%
- Metals & Mining1.26%Category 2.14%
- Services0.80%Category 1.43%
- Telecommunication0.61%Category 2.24%
- Construction Materials0.51%Category 0.96%
- Realty0.47%Category 0.48%
- Chemicals0.17%Category 0.95%
- Sector not known0.33%Category –
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 37 Multi Asset Allocation funds. Category average. The sector's weight, less the futures sold on it, averaged over the 37 Multi Asset Allocation funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services20 companies | 20.33% | 18.64% | 17.22% | 16.87% | 16.40% | 15.99% | 16.05% | 18.06% | 17.18% | 17.20% | 18.00% | 17.84% | |
| Consumer Services11 companies | 8.38% | 8.63% | 8.25% | 8.13% | 7.47% | 7.03% | 6.82% | 5.96% | 5.36% | 4.02% | 4.30% | 4.04% | |
| Automobile And Auto Components7 companies | 4.78% | 5.22% | 5.14% | 4.54% | 4.75% | 4.67% | 4.50% | 4.74% | 4.86% | 4.03% | 4.42% | 4.42% | |
| Fast Moving Consumer Goods7 companies | 4.51% | 3.79% | 4.31% | 3.88% | 3.29% | 3.51% | 2.94% | 2.93% | 2.45% | 2.36% | 2.61% | 2.90% | |
| Capital Goods7 companies | 3.67% | 3.89% | 4.11% | 4.45% | 3.97% | 4.52% | 4.35% | 4.68% | 4.01% | 3.90% | 3.71% | 3.99% | |
| Consumer Durables4 companies | 2.68% | 2.51% | 3.25% | 3.11% | 2.63% | 2.50% | 2.68% | 2.89% | 2.93% | 1.67% | 1.86% | 1.68% | |
| Oil Gas & Consumable Fuels3 companies | 2.50% | 2.51% | 2.94% | 3.24% | 3.37% | 3.51% | 4.33% | 3.95% | 2.84% | 3.44% | 2.99% | 2.64% | |
| Information Technology4 companies | 2.21% | 2.49% | 2.58% | 2.38% | 2.74% | 2.84% | 3.28% | 3.29% | 2.94% | 3.39% | 3.89% | 3.52% | |
| Healthcare7 companies | 2.17% | 2.24% | 2.40% | 2.43% | 2.59% | 2.81% | 2.05% | 2.13% | 2.12% | 2.56% | 2.49% | 2.43% | |
| Power5 companies | 2.12% | 1.96% | 2.18% | 2.56% | 2.69% | 2.91% | 3.46% | 3.41% | 3.08% | 2.64% | 2.88% | 3.31% | |
| Metals & Mining3 companies | 1.26% | 1.22% | 1.26% | 1.33% | 1.48% | 1.45% | 1.54% | 1.67% | 1.20% | 2.04% | 1.97% | 2.02% | |
| Services3 companies | 0.80% | 0.86% | 1.03% | 1.16% | 1.09% | 1.12% | 1.14% | 0.91% | 0.99% | 1.11% | 1.35% | 1.02% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
- Yield to maturityYield to maturity. The yearly return the fund's bonds would earn if each were held to maturity at today's price, weighted by what the fund holds of each.
- 7.86%Lines stating a yield: 83.78% of the bond book
- Yield after expensesYield after expenses. The yield to maturity less the plan's expense ratio.
- 7.39%Direct plan
- Maturity date knownMaturity date known. The share of the bond book, perpetual bonds left out, whose repayment date is known: the bonds the durations and the maturity profile are taken over.
- 100.00%Of the bond book, perpetual bonds left out
- Perpetual bondsPerpetual bonds. Bonds with no maturity date: the issuer pays interest with no fixed day to repay. Their share of the bond book; they are in no duration and no maturity window.
- None
The bond book is the fund's bonds, bills and overnight lending.
Credit rating
Credit rating. A rating agency's grade for how likely the borrower is to repay on time: AAA down to D for loans of over a year, A1+ down to A4 for loans of under a year, two scales that are never compared.Loans of over a year
- Sovereign5.33%
- AAA7.29%
- AA6.03%
Other
- Overnight lending3.61%
Per cent of the fund's net assets. A grade is stated for 100.00% of the bonds.
Maturity profile
Maturity profile. The fund's bonds grouped by how long until each is repaid, as a share of the fund's net assets; a bond with no known maturity date is left off.- Up to 1 month5.67%
- 1 to 3 months1.10%
- 3 to 6 monthsNone
- 6 to 12 months0.06%
- 1 to 3 years9.96%
- 3 to 5 years3.05%
- 5 to 10 years1.87%
- Over 10 years0.55%
Per cent of the fund's net assets, over the bonds whose maturity date is known; perpetual bonds have none.
- Largest borrowerLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 1.44%Muthoot Finance Limited
- Top 5 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 5.75%
- Top 10 borrowersLending to one borrower. The share of the fund lent to a single company or group of companies, government bonds left out.
- 8.49%
Per cent of the fund's net assets. Lent outside the government: 13.32% of the fund, to 32 borrowers; the borrower is named for 100.00% of it, its group for 25.45%.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 154.20% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 143.65% of the fund before
- MaturedMatured. Bonds and deposits whose repayment date fell between the two portfolios, so they were repaid rather than sold. One sold in its last days reads the same.
- 1
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 18
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 7
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 128
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 3.65%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 8.95%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| 182 Days Tbill | New | 0.96% | 0.00% | +0.96 pts | +1,75,00,000 |
| HDFC Life Insurance Company | Added | 1.27% | 0.36% | +0.91 pts | +31,97,870 |
| 6.84% State Government Securities | Sold out | – | 0.69% | −0.69 pts | −1,25,00,000 |
| 91 Days Tbill | Matured | – | 0.69% | −0.69 pts | – |
| HDFC Asset Management Company | Added | 1.23% | 0.58% | +0.65 pts | +5,74,578 |
| 6.94% Government of India | Sold out | – | 0.56% | −0.56 pts | −1,00,00,000 |
| Godrej Consumer Products | New | 0.47% | 0.00% | +0.47 pts | +10,00,000 |
| Max Financial Services | Added | 0.68% | 0.24% | +0.44 pts | +6,23,326 |
| 8.75% Vedanta Limited | New | 0.42% | 0.00% | +0.42 pts | +7,500 |
| 8.5% Godrej Finance Limited | New | 0.37% | 0.00% | +0.37 pts | +7,000 |
| Avenue Supermarts | Added | 1.01% | 0.64% | +0.37 pts | +1,87,863 |
| Samvardhana Motherson International | Trimmed | 0.35% | 0.69% | −0.34 pts | −34,07,487 |
| 7.51% State Government Securities | Trimmed | 0.16% | 0.49% | −0.33 pts | −60,00,000 |
| 8.15% Gabriel India Limited | New | 0.33% | 0.00% | +0.33 pts | +6,000 |
| JSW Dulux Limited | New | 0.33% | 0.00% | +0.33 pts | +1,91,928 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 3 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nippon India ETF Gold BeES | 10.92%Added | 10.38% | 10.05%Added | 10.55%Added | 9.53% | 8.97% | 8.15% | 8.62%Added | 7.81%Added | 8.15%Added | 8.34% | 7.94% |
| iShares MSCI World ETF | 7.75% | 7.12% | 6.45% | 5.73% | 5.32% | 5.34% | 5.23% | 5.20% | 4.93% | 4.72% | 4.56% | 4.52% |
 ICICI Bank | 2.39% | 2.90%Added | 2.53% | 3.89%Added | 4.30%Added | 3.85% | 3.60% | 3.81%Added | 4.03% | 3.98% | 3.80% | 3.44% |
 HDFC Bank | 3.47%Added | 3.21% | 2.85% | 2.72%Added | 3.01%Added | 2.54% | 2.39% | 2.68%Added | 2.77% | 2.46% | 2.98%Added | 3.25%Added |
| Nippon India Silver ETF | 3.08%Cut | 3.08% | 4.22%Added | 5.27% | 3.93% | 3.55%Added | 3.24% | 3.67%Added | 3.03% | 2.84%Added | 2.89% | 2.70% |
 Axis Bank | 1.29%Added | 1.43%Added | 1.28% | 1.51%Added | 1.73%Added | 1.48% | 1.45% | 1.40% | 1.41% | 1.87%Added | 2.22%Added | 2.42%Added |
 State Bank of India | 2.34%Added | 2.23% | 2.01% | 1.88% | 1.68%Cut | 1.40% | 1.58%Added | 1.80%Added | 1.85% | 1.93%Added | 1.88% | 1.69% |
 Eternal | 0.79%Added | 0.78%Added | 0.65% | 0.98%Added | 1.37%Added | 1.74%Added | 1.67% | 1.62% | 1.65% | 1.66%Cut | 1.69% | 1.65% |
 Reliance Industries | 1.87% | 2.32%Added | 2.81%Added | 2.35%Added | 2.66%Added | 2.62% | 1.81%Cut | 1.59% | 1.67%Added | 1.59% | 1.46% | 1.49%Added |
 Mahindra & Mahindra | 1.30%Added | 1.27% | 1.13% | 0.89% | 0.82% | 0.96%Added | 0.89% | 0.84% | 1.01%Added | 1.76%Added | 1.60% | 1.44% |
 Info Edge (India) | – | – | – | – | – | 0.37%Bought | 0.33% | 0.82%Added | 1.28%Added | 1.52% | 1.53% | 1.42% |
 Hindustan Aeronautics | 0.59%Added | 0.68%Added | 0.59% | 0.53% | 1.52%Added | 1.39% | 1.54% | 1.45% | 1.43% | 1.43% | 1.39% | 1.35% |
 Infosys | 1.74% | 2.17%Added | 1.89%Cut | 1.63% | 2.36%Added | 2.33% | 1.96% | 1.83% | 1.53% | 1.63% | 1.54% | 1.35% |
 Hindustan Unilever | 0.54% | 0.49% | 0.42% | 0.36% | 0.33% | 0.30% | 0.29% | 0.27% | 1.03%Added | 1.34%Added | 1.18% | 1.33%Added |
 HDFC Life Insurance Company | 0.59% | 0.56% | 0.49% | 0.41% | 0.37% | 0.31% | 0.28% | 0.27% | 0.43%Added | 0.39% | 0.36% | 1.27%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap. The 116 holdings no longer held, sold or repaid within these months, are not listed.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 84.0% in Sep 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Multi Asset Allocation funds (14 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.9.92%
1.39%Lowest9.16%Average11.98%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.5.65%
0.33%Lowest5.42%Average7.55%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.1.16
0.41Lowest0.91Average1.84Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.1.83
0.58Lowest1.46Average3.09Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1, 3 and 5 years and since Aug 2020 | −10.78% | 29 Jan 2026 | 23 Mar 2026 | 6 Aug 2026 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Jan 2025 to Aug 202620 months | Very High | Very High50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
| May 2024 to Dec 20248 months | Very High | 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
| Mar 2024 to Apr 20242 months | Very High | Very High50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
| Feb 20241 month | Very High | 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
| Dec 2023 to Jan 20242 months | Very High | Very High50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
| Nov 20231 month | Very High | 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
| Oct 2021 to Oct 202325 months | Very High | Very High50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Nippon India Multi Asset Allocation Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Vinay SharmaPrimary | Jan 2026 | +2.45%over 288 days | – | – | 25.7% | 16.7% | 4 | ₹36,409 Cr |
| Vikram DhawanPrimary | Aug 2020 | – | – | – | – | – | 4 | ₹1,09,234 Cr₹88,177 Cr alone |
| Sushil BudhiaPrimary | Mar 2021 | +15.96%a year | – | – | 19.4% | 11.3% | 11 | ₹45,641 Cr₹1,854 Cr alone |
| Kinjal DesaiPrimary | Aug 2020 | – | – | – | – | – | 6 | ₹23,663 Cr₹4,563 Cr alone |
| Amber SinghaniaPrimary | Mar 2026 | +1.99%over 219 days | – | – | 20.3% | 24.0% | 1 | ₹18,044 Cr |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| Nippon India Focused FundVinay Sharma | May 2018 | +12.19%a year | – | – | ₹8,075 Cr |
| Nippon India Banking & Financial Services FundVinay Sharma | Apr 2018 | +11.71%a year | +12.04% | −0.33 pts | ₹7,367 Cr |
| Nippon India Innovation FundVinay Sharma | Aug 2023 | – | – | – | ₹2,923 Cr |
| Nippon India ETF Gold BeESVikram Dhawan | Feb 2022 | +24.42%a year | – | – | ₹56,982 Cr |
| Nippon India Silver ETFVikram Dhawan | Feb 2022 | +28.74%a year | – | – | ₹31,196 Cr |
| Nippon India Multi - Asset Omni FoFVikram Dhawan | Mar 2026 | −1.54%over 228 days | – | – | ₹3,012 Cr |
| Nippon India Balanced Advantage FundSushil Budhia | Mar 2021 | +10.60%a year | – | – | ₹9,532 Cr |
| Nippon India Short Term FundSushil Budhia | Mar 2021 | +6.71%a year | – | – | ₹6,364 Cr |
| Nippon India Aggressive Hybrid FundSushil Budhia | Feb 2020 | +11.38%a year | – | – | ₹3,857 Cr |
| Nippon India Multi - Asset Omni FoFSushil Budhia | Mar 2021 | +16.40%a year | – | – | ₹3,012 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Shriram Multi Asset Allocation FundShriram Mutual Fund | 36.13% | 31 |
| Franklin India Multi Asset Allocation FundFranklin Templeton Mutual Fund | 34.32% | 23 |
| Aditya Birla Sun Life Multi Asset Allocation FundAditya Birla Sun Life Mutual Fund | 30.74% | 41 |
| ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | 30.54% | 51 |
| Baroda BNP Paribas Multi Asset FundBaroda BNP Paribas Mutual Fund | 29.69% | 23 |
| Canara Robeco Multi Asset Allocation FundCanara Robeco Mutual Fund | 29.15% | 25 |
| HDFC Multi Asset Allocation FundHDFC Mutual Fund | 29.13% | 37 |
| Axis Multi Asset Allocation FundAxis Mutual Fund | 28.58% | 39 |
| Mirae Asset Multi Asset Allocation FundMirae Asset Mutual Fund | 27.37% | 45 |
| Mahindra Manulife Multi Asset allocation FundMahindra Manulife Mutual Fund | 27.09% | 30 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| Nippon India Balanced Advantage FundNippon India Mutual Fund | 42.14% |
| Nippon India Aggressive Hybrid FundNippon India Mutual Fund | 37.72% |
| Nippon India Equity Savings FundNippon India Mutual Fund | 26.94% |
| Nippon India Arbitrage FundNippon India Mutual Fund | 22.14% |
| Nippon India Conservative Hybrid FundNippon India Mutual Fund | 10.23% |
As the fund house states it, for Sep 2026.
Nippon India Multi Asset Allocation Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.Every fund's payouts
Paid per unit, the latest payouts
- Paid per unitIDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount.
Largest ₹0.15 a unit, Oct 2026.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 12 Oct 2026 | ₹0.15 | 0.60% | ₹24.8279 | ₹24.8284 |
| 11 Sep 2026 | ₹0.15 | 0.58% | ₹25.7943 | ₹25.3695 |
| 10 Aug 2026 | ₹0.15 | 0.57% | ₹26.3790 | ₹26.2489 |
| 10 Jul 2026 | ₹0.15 | 0.58% | ₹25.7978 | ₹25.6004 |
| 10 Jun 2026 | ₹0.15 | 0.60% | ₹25.1742 | ₹24.9346 |
| 11 May 2026 | ₹0.15 | 0.58% | ₹25.7530 | ₹25.3674 |
| 10 Apr 2026 | ₹0.15 | 0.59% | ₹25.3851 | ₹25.1909 |
| 10 Mar 2026 | ₹0.15 | 0.58% | ₹25.7849 | ₹25.4079 |
| 10 Feb 2026 | ₹0.15 | 0.56% | ₹26.6297 | ₹26.5208 |
| 9 Jan 2026 | ₹0.15 | 0.58% | ₹25.6915 | ₹25.7310 |
All 10 payouts since 9 Jan 2026.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The primary investment objective of Nippon India Multi Asset Allocation Fund is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF, Silver ETF as permitted by SEBI from time to time. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.
Asset allocation
- Equity & Equity related securities (including overseas securities /Overseas ETF) - 50%-80%, Debt & Money Market Instruments - 10%- 35%, Commodities: 10%- 30% (Includes Gold ETF, Silver ETF and Exchange Traded Commodity Derivatives (ETCDs) where participation will be limited to derivatives contracts in Metals, Energy and Indices as permitted by SEBI from time to time).
Type of scheme
Open
- Stated category
- Hybrid: Multi Asset Allocation
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- 50% of BSE 500 TRI, 20% of MSCI World Index TRI, 15% of CRISIL Short Term Bond Index, 10% of Domestic prices of Gold & 5% of Domestic prices of Silver
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Moderately High
- New fund offer
- 7 Aug 2020 to 21 Aug 2020
- Units first allotted
- 28 Aug 2020
- Open for sale again
- 31 Aug 2020
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 148457 | INF204KB19V4 | NIPP_INDI_MULT_XVC2VX | 31 Aug 2020 | |
| Regular Growth | 148459 | INF204KB16V0 | NIPP_INDI_MULT_Z074AB | 31 Aug 2020 | |
| Direct IDCW | 148458 | INF204KB10W1 | INF204KB11W9 | NIPP_INDI_MULT_1S8NZNV | 31 Aug 2020 |
| Regular IDCW | 148460 | INF204KB17V8 | INF204KB18V6 | NIPP_INDI_MULT_D91LZM | 31 Aug 2020 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Fundamentals \ E-Factsheet: October 2026Nippon India Mutual Fund, Sep 2026
Statement of additional information
- SAI Nippon India Mutual FundNippon India Mutual Fund, Oct 2026
Annual report
- Abridged Scheme Account 2025-2026 - ight face intermittent issues with NetBanking payment mode during Purchase transaction on our Digital assets. Kindly use an alternative payment mode. Regret the inconvenience caused. --> --> --> Custom Title Abridged Scheme Account 2025 - 26 Page Content 1. ConsolNippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 2. Consolidated Debt SchemesNippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 3. Consolidated Exchange Traded FundsNippon India Mutual Fund, Mar 2026
- Abridged Scheme Account 2025-2026 - 4.Consolidate Interval Funds and Fixed Maturity PlansNippon India Mutual Fund, Mar 2026
Riskometer disclosure
- DownloadNippon India Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio OverlapNippon India Mutual Fund, Sep 2026
- Portfolio-Overlap-30-Sep-2026Nippon India Mutual Fund, Sep 2026