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Fincash » SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund

SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund

Updated on May 18, 2024 , 2359 views

SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund both belong to the Multi Asset Allocation category of Mutual Funds. Multi asset allocation funds are a part of the hybrid category. The special part about this scheme is that the fund can invest in three asset classes. This means that multi asset allocation can invest in debt, equity and in one more Asset Class. As per the norms, the fund should invest a minimum of 10 percent in each of the asset classes. Though SBI Multi Asset Allocation Fund and HDFC Multi-Asset Fund both belong to the same category nevertheless; there exist numerous differences between them. So, let us understand the differences between both the schemes through this article.

SBI Multi Asset Allocation Fund (Erstwhile SBI Magnum Monthly Income Plan Floater)

SBI Multi Asset Allocation Fund, earlier known as SBI Magnum Monthly Income Plan Floater, was launched in the year 2005. The scheme aims to provide regular Income, attractive returns and liquidity in addition to mitigating the impact of interest rate risk through an actively managed Portfolio of Floating Rate and fixed rate debt instruments, money market instruments, derivatives and equity.

Some of the top holdings of the fund (as on 31st July 2018) are Govt Stock 2022, Gold - Mumbai, RMZ Infotech Private Limited, Housing Development Finance Corporation Limited, CLIX Capital Services Private Limited, etc.

HDFC Multi-Asset Fund (Erstwhile HDFC Multiple Yield Fund - Plan 2005)

HDFC Multi-Asset Fund, earlier known as HDFC Multiple Yield Fund - Plan 2005, was launched in the year 2005. The aim of the scheme is to generate positive returns over medium time frame with low-risk of Capital Loss over medium time frame.

Some of the top holdings of the fund (as on 30th July 2018) are Gold Bar 1 Kg (0.995 Purity), Kotak Mahindra Prime Limited, HDFC Bank Ltd, Reliance Industries Ltd, Shriram Transport Finance Co Ltd, etc.

SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund

There are a number of differences between SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund on a number of parameters. So, let’s understand the differences between these schemes with the help of four sections, given below.

Basics Section

Fincash Rating, current NAV, AUM, expense raito, scheme category, etc., are some of the comparable elements that form part of the basics section. With respect to the scheme category, both the schemes belong to the same category of Multi Asset Allocation-Hybrid Fund.

The comparison of Fincash Rating shows that, SBI Multi Asset Allocation Fund is a 4-Star rated scheme and HDFC Multi-Asset Fund is a 3-Star rated scheme*.

The summary of the basics section is as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
SBI Multi Asset Allocation Fund
Growth
Fund Details
₹52.6104 ↑ 0.20   (0.39 %)
₹4,677 on 30 Apr 24
21 Dec 05
Hybrid
Multi Asset
11
Moderate
1.8
2.92
0
0
Not Available
0-12 Months (1%),12 Months and above(NIL)
HDFC Multi-Asset Fund
Growth
Fund Details
₹62.967 ↑ 0.09   (0.14 %)
₹2,799 on 30 Apr 24
17 Aug 05
Hybrid
Multi Asset
33
Moderate
2.1
2.78
0
0
Not Available
0-15 Months (1%),15 Months and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns at different time intervals is done in the performance section. The comparison of the performance section shows that in most instances, HDFC Multi-Asset Fund has performed better than SBI Multi Asset Allocation Fund. The table given below shows the summary comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Multi Asset Allocation Fund
Growth
Fund Details
2.1%
5.5%
15.8%
28.3%
15.3%
15.1%
9.4%
HDFC Multi-Asset Fund
Growth
Fund Details
1.5%
4.2%
13.1%
22.3%
14.2%
15%
10.3%

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Yearly Performance Section

Being the third section in the comparison of both the schemes, it analyses the differences in the absolute returns generated by both the schemes for a particular year. The analysis of yearly performance section shows that in some years, SBI Multi Asset Allocation Fund leads the race while in others, HDFC Multi-Asset Fund leads the race. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
SBI Multi Asset Allocation Fund
Growth
Fund Details
24.4%
6%
13%
14.2%
10.6%
HDFC Multi-Asset Fund
Growth
Fund Details
18%
4.3%
17.9%
20.9%
9.3%

Other Details Section

Being the last section in the comparison, it includes parameters such as Minimum SIP investment and minimum lumpsum investment. The minimum SIP and lumpsum investment for both the schemes are same, that is, INR 500 and INR 5000, respectively.

SBI Multi Asset Allocation Fund is currently managed by Ruchit Mehta.

HDFC Multi-Asset Fund is currently managed by a group of fund managers- Anil Bamboli, Chirag Setalvad, Rakesh Vyas and Krishan Daga.

The summarized comparison of the other details section is as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Multi Asset Allocation Fund
Growth
Fund Details
₹500
₹5,000
Dinesh Balachandran - 2.42 Yr.
HDFC Multi-Asset Fund
Growth
Fund Details
₹300
₹5,000
Anil Bamboli - 18.64 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Multi Asset Allocation Fund
Growth
Fund Details
DateValue
30 Apr 19₹10,000
30 Apr 20₹10,659
30 Apr 21₹12,603
30 Apr 22₹14,225
30 Apr 23₹15,212
30 Apr 24₹19,654
Growth of 10,000 investment over the years.
HDFC Multi-Asset Fund
Growth
Fund Details
DateValue
30 Apr 19₹10,000
30 Apr 20₹9,523
30 Apr 21₹12,939
30 Apr 22₹14,664
30 Apr 23₹15,883
30 Apr 24₹19,516

Detailed Portfolio Comparison

Asset Allocation
SBI Multi Asset Allocation Fund
Growth
Fund Details
Asset ClassValue
Cash7.52%
Equity38.8%
Debt38.18%
Other15.49%
Equity Sector Allocation
SectorValue
Financial Services9.16%
Technology4.97%
Basic Materials4.89%
Consumer Cyclical4.12%
Industrials3.1%
Utility2.92%
Real Estate2.74%
Health Care2.67%
Consumer Defensive1.97%
Energy1.57%
Communication Services0.67%
Debt Sector Allocation
SectorValue
Corporate22.14%
Government13.97%
Cash Equivalent7.3%
Securitized2.29%
Credit Quality
RatingValue
A5.44%
AA36.64%
AAA54.4%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SBI Gold ETF
- | -
15%₹655 Cr103,241,000
7.3% Govt Stock 2053
Sovereign Bonds | -
4%₹201 Cr20,000,000
Embassy Office Parks Reit
Unlisted bonds | -
2%₹102 Cr2,900,000
Bharti Telecom Limited
Debentures | -
2%₹100 Cr1,000
7.18% Govt Stock 2033
Sovereign Bonds | -
2%₹100 Cr10,000,000
7.18% Govt Stock 2037
Sovereign Bonds | -
2%₹100 Cr10,000,000
Renserv Global Pvt Ltd.
Debentures | -
2%₹90 Cr9,000
GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 532155
2%₹89 Cr4,350,297
Steel Authority Of India Ltd (Basic Materials)
Equity, Since 30 Sep 21 | 500113
2%₹85 Cr5,630,100
Tata Technologies Ltd (Technology)
Equity, Since 30 Nov 23 | 544028
2%₹76 Cr711,574
Asset Allocation
HDFC Multi-Asset Fund
Growth
Fund Details
Asset ClassValue
Cash23.64%
Equity49.65%
Debt15.91%
Other10.79%
Equity Sector Allocation
SectorValue
Financial Services22.68%
Consumer Cyclical8.09%
Industrials6.72%
Basic Materials6.13%
Technology5.41%
Health Care5.06%
Consumer Defensive4.3%
Energy3.19%
Communication Services2.09%
Utility1.83%
Real Estate1.25%
Debt Sector Allocation
SectorValue
Cash Equivalent23.64%
Government8.65%
Corporate5.86%
Securitized1.4%
Credit Quality
RatingValue
AA9.16%
AAA90.84%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Gold ETF
- | -
11%₹290 Cr49,740,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK
6%₹162 Cr1,116,800
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532215
5%₹127 Cr1,210,000
↑ 156,250
State Bank of India (Financial Services)
Equity, Since 31 Aug 21 | SBIN
4%₹100 Cr1,331,000
↑ 213,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK
4%₹98 Cr900,000
Future on Axis Bank Ltd
Derivatives | -
3%-₹87 Cr
Future on Titan Co Ltd
Derivatives | -
2%-₹60 Cr
Titan Co Ltd (Consumer Cyclical)
Equity, Since 30 Nov 20 | TITAN
2%₹60 Cr157,500
Future on HDFC Bank Ltd
Derivatives | -
2%-₹57 Cr
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Jun 18 | BHARTIARTL
2%₹55 Cr450,000

Therefore, in a nutshell, it can be said that both the schemes belong to the same category of Equity Fund but they have numerous differences. Resultantly, individuals should be careful before choosing any of the schemes for investment. They should understand the modalities of the scheme thoroughly and check whether the scheme suits their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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