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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 11, 2021 , 1104 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
₹34.3125 ↑ 0.00   (0.01 %)
₹335 on 31 Mar 21
21 Dec 05
Hybrid
Multi Asset
11
Moderate
1.84
1.99
0
0
Not Available
0-12 Months (1%),12 Months and above(NIL)
HDFC Multi-Asset Fund
Growth
Fund Details
₹41.947 ↓ -0.14   (-0.33 %)
₹723 on 31 Mar 21
17 Aug 05
Hybrid
Multi Asset
33
Moderate
2.64
2.42
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
4.6%
2.8%
10%
23.2%
9.5%
9.1%
8.3%
HDFC Multi-Asset Fund
Growth
Fund Details
2.7%
0.7%
12.2%
43.8%
10.2%
9.9%
9.5%

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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 Performance2020
2019
2018
2017
2016
SBI Multi Asset Allocation Fund
Growth
Fund Details
14.2%
10.6%
0.4%
10.9%
8.7%
HDFC Multi-Asset Fund
Growth
Fund Details
20.9%
9.3%
-1.9%
11.8%
8.9%

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
Gaurav Mehta - 2.24 Yr.
HDFC Multi-Asset Fund
Growth
Fund Details
₹500
₹5,000
Anil Bamboli - 14.09 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 16₹10,000
30 Apr 17₹11,068
30 Apr 18₹11,899
30 Apr 19₹12,081
30 Apr 20₹12,877
30 Apr 21₹15,226
Growth of 10,000 investment over the years.
HDFC Multi-Asset Fund
Growth
Fund Details
DateValue
30 Apr 16₹10,000
30 Apr 17₹11,217
30 Apr 18₹12,044
30 Apr 19₹12,318
30 Apr 20₹11,730
30 Apr 21₹15,938

Detailed Portfolio Comparison

Asset Allocation
SBI Multi Asset Allocation Fund
Growth
Fund Details
Asset ClassValue
Cash15.78%
Equity45.34%
Debt25.47%
Other13.41%
Equity Sector Allocation
SectorValue
Consumer Defensive7.37%
Financial Services6.85%
Basic Materials5.64%
Utility5.34%
Health Care5.14%
Energy4.58%
Industrials3.69%
Consumer Cyclical3.51%
Communication Services1.9%
Real Estate0.68%
Technology0.66%
Debt Sector Allocation
SectorValue
Government25.47%
Cash Equivalent15.78%
Credit Quality
RatingValue
AAA100%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
6.79% Govt Stock 2029
Sovereign Bonds | -
20%₹68 Cr6,650,000
SBI ETF Gold
- | SETFGOLD
11%₹37 Cr94,420
BHARAT 22 ETF
- | 540787
5%₹16 Cr4,430,000
↑ 1,000,000
CPSE ETF
- | CPSEETF
5%₹16 Cr7,000,000
↑ 2,110,000
7.26% Govt Stock 2029
Sovereign Bonds | -
3%₹9 Cr830,000
5.77% GOI 2030
Sovereign Bonds | -
3%₹9 Cr900,000
SPDR® Gold Shares
- | GLD
2%₹8 Cr7,135
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
1%₹4 Cr193,000
↑ 193,000
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 28 Feb 19 | 540376
1%₹4 Cr14,215
↓ -5,014
Dabur India Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 28 Feb 19 | 500096
1%₹4 Cr72,978
Asset Allocation
HDFC Multi-Asset Fund
Growth
Fund Details
Asset ClassValue
Cash19.77%
Equity53.7%
Debt15.05%
Other11.48%
Equity Sector Allocation
SectorValue
Financial Services20.08%
Technology9.63%
Consumer Defensive8.26%
Consumer Cyclical6.4%
Energy5.23%
Basic Materials5.22%
Industrials3.24%
Health Care2.98%
Communication Services2.52%
Utility2.28%
Debt Sector Allocation
SectorValue
Cash Equivalent19.77%
Government10.74%
Corporate4.32%
Credit Quality
RatingValue
A4.42%
AA17.59%
AAA77.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Hdfc Gold Exchange Traded Fund
Others | -
11%₹83 Cr21,000,000
↑ 500,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK
6%₹47 Cr312,332
↑ 32,000
7.27% Govt Stock 2026
Sovereign Bonds | -
6%₹42 Cr4,000,000
↑ 4,000,000
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
5%₹37 Cr268,083
↑ 10,600
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK
4%₹32 Cr544,025
↑ 25,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 18 | HDFC
4%₹28 Cr112,353
↑ 16,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532215
3%₹21 Cr304,800
↑ 20,000
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 18 | RELIANCE
3%₹21 Cr105,250
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Jul 20 | TATASTEEL
2%₹17 Cr211,000
↑ 40,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 18 | ITC
2%₹16 Cr752,976
↑ 70,400

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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