+91-22-48913909SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund
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 Basics NAV 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 ₹65.8586 ↑ 0.38 (0.57 %) ₹17,666 on 30 Apr 26 21 Dec 05 ☆☆☆☆ Hybrid Multi Asset 11 Moderate 1.46 0.97 0 0 Not Available 0-12 Months (1%),12 Months and above(NIL) HDFC Multi-Asset Fund
Growth
Fund Details ₹72.879 ↑ 0.38 (0.52 %) ₹5,887 on 30 Apr 26 17 Aug 05 ☆☆☆ Hybrid Multi Asset 33 Moderate 1.85 0.12 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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Multi Asset Allocation Fund
Growth
Fund Details -1.2% 0.7% 2.8% 11.5% 16.6% 13.1% 9.6% HDFC Multi-Asset Fund
Growth
Fund Details -2.1% -2.1% -2.6% 2.4% 11.7% 10.7% 10%
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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 Performance 2025 2024 2023 2022 2021 SBI Multi Asset Allocation Fund
Growth
Fund Details 18.6% 12.8% 24.4% 6% 13% HDFC Multi-Asset Fund
Growth
Fund Details 13.2% 13.5% 18% 4.3% 17.9%
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 Details Min SIP Investment Min Investment Fund Manager SBI Multi Asset Allocation Fund
Growth
Fund Details ₹500 ₹5,000 Dinesh Balachandran - 4.59 Yr. HDFC Multi-Asset Fund
Growth
Fund Details ₹300 ₹5,000 Anil Bamboli - 20.8 Yr.
Growth of 10k Investments over the years
SBI Multi Asset Allocation Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,488 31 May 23 ₹11,773 31 May 24 ₹15,039 31 May 25 ₹16,585 31 May 26 ₹18,948 HDFC Multi-Asset Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,716 31 May 23 ₹11,920 31 May 24 ₹14,485 31 May 25 ₹16,186 31 May 26 ₹16,899
Detailed Portfolio Comparison
SBI Multi Asset Allocation Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 12.58% Equity 48.09% Debt 28.64% Other 10.69% Equity Sector Allocation
Sector Value Financial Services 12.03% Consumer Cyclical 5.76% Energy 4.64% Real Estate 4.56% Utility 4.4% Basic Materials 4.11% Health Care 3.82% Industrials 2.64% Communication Services 2.17% Consumer Defensive 2.02% Technology 1.95% Debt Sector Allocation
Sector Value Corporate 23.36% Cash Equivalent 11.67% Government 6.19% Credit Quality
Rating Value A 3.2% AA 51.85% AAA 44.94% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -6% ₹1,141 Cr 85,591,000 SBI Silver ETF
- | -5% ₹823 Cr 32,296,178 Brookfield India Real Estate Trust (Real Estate)
-, Since 30 Apr 25 | 5432613% ₹487 Cr 15,164,234 Bandhan Bank Ltd (Financial Services)
Equity, Since 30 Sep 24 | 5411532% ₹399 Cr 20,500,000 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 5321552% ₹379 Cr 23,350,297 Indus Towers Ltd Ordinary Shares (Communication Services)
Equity, Since 31 Jan 26 | 5348162% ₹353 Cr 8,200,000
↑ 2,000,000 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 15 Apr 24 | 5003122% ₹344 Cr 11,500,000 Biocon Ltd (Healthcare)
Equity, Since 30 Nov 24 | 5325232% ₹341 Cr 7,920,476 Adani Power Limited
Debentures | -2% ₹297 Cr 30,000 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 15 Oct 25 | M&MFIN2% ₹296 Cr 9,232,926 HDFC Multi-Asset Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 20.05% Equity 59.53% Debt 9.06% Other 11.37% Equity Sector Allocation
Sector Value Financial Services 20.55% Consumer Cyclical 9.24% Energy 7.53% Health Care 6.01% Utility 5.46% Technology 4.61% Industrials 4.6% Basic Materials 3.82% Consumer Defensive 3.24% Communication Services 3.04% Real Estate 1.75% Debt Sector Allocation
Sector Value Cash Equivalent 19.08% Corporate 5.98% Government 4.04% Credit Quality
Rating Value AA 16.09% AAA 83.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Gold ETF
- | -11% ₹657 Cr 51,499,950
↑ 2,340,131 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE6% ₹339 Cr 2,366,500 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK4% ₹259 Cr 3,350,000
↑ 108,800 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK4% ₹257 Cr 2,035,600
↑ 60,000 NTPC Ltd (Utilities)
Equity, Since 30 Jun 20 | 5325554% ₹210 Cr 5,262,500
↑ 1,650,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5322152% ₹140 Cr 1,100,000
↑ 100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Jun 18 | BHARTIARTL2% ₹138 Cr 731,925 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | KOTAKBANK2% ₹138 Cr 3,600,000
↑ 400,000 Future on NTPC Ltd
Derivatives | -2% -₹131 Cr 3,262,500
↑ 1,650,000 Nifty
- | -2% ₹125 Cr 52,000
↑ 52,000
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.
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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