+91-22-48913909How to Use Multi-Asset Funds to Achieve Optimal Portfolio Diversification
In today’s fast-changing financial landscape, investors are always looking for ways to minimise risk while maximising returns.
One of the best strategies to achieve this balance is Portfolio diversification—and multi-asset funds can help you do just that. This article will walk you through how multi-asset funds work, why they are an excellent option for diversification, and how to use them to achieve a balanced portfolio.
What Are Multi-Asset Funds?
Multi-asset funds, as the name suggests, are Mutual Funds that invest in a mix of asset classes like equities, debt, gold, Real Estate, and sometimes even international assets. The goal is to balance risk and reward by diversifying across various asset types, making your portfolio less dependent on the performance of a single Asset Class.
For example, if you hold a traditional equity mutual fund, your returns will depend solely on the stock Market. In contrast, a multi-asset fund spreads your investments across multiple asset classes, helping to reduce the impact of a market downturn in one area by providing stability from other asset classes.
Why Diversification Is Important?
Diversification is a key principle of Investing. It ensures that your investment portfolio isn’t overexposed to any single type of asset, which helps manage risk. Imagine you’ve invested all your money in one company’s stock—if the company fails, your investment could be wiped out.
Example: Suppose you have invested INR 10,00,000 entirely in stocks. If the stock market falls by 10%, you could lose INR 1,00,000. However, if you had diversified across equities, Bonds, and gold (using a multi-asset fund), the loss would likely be much less, as bonds or gold could balance out the dip in stock market performance.
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How Multi-Asset Funds Achieve Diversification?
Multi-asset funds are professionally managed to maintain a specific Asset Allocation that matches the fund's investment objective. The allocation can vary depending on the market conditions and the fund's strategy.
For example, a typical multi-asset fund might invest:
- 50% in equities
- 30% in debt instruments
- 20% in gold or other assets
This approach allows the fund to benefit from the higher returns of equities while providing the stability of debt and gold during market downturns.
Types of Multi-Asset Funds
There are several types of multi-asset funds available, each designed for different risk appetites and investment goals:
- Conservative Multi-Asset Funds: These funds focus more on debt (like bonds) and less on equity. They are ideal for risk-averse investors seeking stable returns.
Example: A fund that invests 60% in debt instruments and 40% in equities. Balanced Multi-Asset Funds: These funds aim for a balance between risk and reward by equally investing in equities and debt.
Example: A fund with a 50-50 allocation between equities and bonds. Aggressive Multi-Asset Funds: For investors willing to take more risk, these funds invest a larger portion in equities for potentially higher returns.
Example: A fund that invests 70% in equities and 30% in bonds.
How to Choose the Right Multi-Asset Fund?
Choosing the right multi-asset fund depends on your investment goals, risk appetite, and time horizon. Here are a few things to consider:
risk tolerance: If you are a conservative investor, look for funds with a higher allocation to debt. For aggressive investors, funds with more equity exposure may be suitable.
Investment Horizon: Multi-asset funds with a high equity allocation are more suitable for long-term investments (5+ years), while funds with a higher debt allocation can be considered for short-term goals.
Fund Performance: Evaluate the fund’s historical performance, keeping in mind that past performance doesn’t guarantee future results. However, it can give you an idea of how the fund has navigated market fluctuations.
Expense Ratio: Check the expense ratio, which is the cost charged by the fund manager. Lower expense ratios mean more of your money stays invested and compounds over time.
Example of a Multi-Asset Portfolio
Let’s say you have INR 5,00,000 to invest and want to use a multi-asset fund for diversification. Here's a potential allocation:
- INR 2,50,000 in Equities: Equities have the potential for high returns but are also more volatile. This portion will help you capitalize on market upswings.
- INR 1,50,000 in Bonds: Bonds provide stability and regular Income. Even if the stock market takes a hit, bonds can soften the blow.
- INR 1,00,000 in Gold: Gold serves as a hedge against Inflation and market instability, adding an extra layer of protection to your portfolio.
By spreading your money across these assets, you reduce the risk of significant loss while also maintaining the potential for good returns.
Calculating Potential Returns
To understand how this portfolio might perform, let’s use a simple hypothetical example:
- Equities return 12% annually
- Bonds return 6% annually
- Gold returns 8% annually
After one year, your INR 5,00,000 portfolio might grow as follows:
- Equities: 2,50,000 * 12% = INR 30,000
- Bonds: 1,50,000 * 6% = INR 9,000
- Gold: 1,00,000 * 8% = INR 8,000
Total portfolio value = INR 5,00,000 + INR 30,000 + INR 9,000 + INR 8,000 = INR 5,47,000.
While this is a simplified example, it demonstrates how multi-asset funds diversify your returns and reduce the risk of loss from any one asset class.
Tax Benefits of Multi-Asset Funds
One of the attractive features of multi-asset funds in India is the potential for long-term Capital gains (LTCG) tax benefits. If you hold your investment for more than three years, you may be eligible for a lower Tax Rate on your gains. This makes them more tax-efficient compared to constantly moving between individual asset classes.
For example, if you sell your multi-asset fund units after three years, the Capital Gains are taxed at 20% with indexation benefits, which means your taxable gains are adjusted for inflation, reducing your overall Tax Liability.
Multi-Asset Funds vs. Creating Your Own Diversified Portfolio
You might wonder, why not just buy individual stocks, bonds, and gold on your own? The answer lies in convenience and professional management. Multi-asset funds are managed by experts who constantly monitor and rebalance the portfolio to optimize returns based on market conditions. For most investors, this level of management would be time-consuming and complex to replicate on their own.
Additionally, the costs associated with managing individual assets—brokerage fees, Taxes, and the effort required—can add up. Multi-asset funds provide a cost-efficient way to achieve diversification without the hassle of managing each asset class separately.
Top 8 Best Performing Multi-Asset Funds 2025
(Erstwhile Kotak Select Focus Fund) The investment objective of the scheme is to generate long term appreciation from the portfolio of equity and equity related sectors, generally focussed on few selected sectors. Below is the key information for Kotak Standard Multicap Fund Returns up to 1 year are on (Erstwhile Mirae Asset India Opportunities Fund) The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. Research Highlights for Mirae Asset India Equity Fund Below is the key information for Mirae Asset India Equity Fund Returns up to 1 year are on (Erstwhile Motilal Oswal MOSt Focused Multicap 35 Fund) The investment objective of the Scheme is to achieve long term capital appreciation by primarily investing in a maximum of 35 equity & equity related instruments across sectors and market-capitalization levels.However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Research Highlights for Motilal Oswal Multicap 35 Fund Below is the key information for Motilal Oswal Multicap 35 Fund Returns up to 1 year are on (Erstwhile BNP Paribas Dividend Yield Fund) The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are
defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. Research Highlights for BNP Paribas Multi Cap Fund Below is the key information for BNP Paribas Multi Cap Fund Returns up to 1 year are on An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities. Research Highlights for Aditya Birla Sun Life Equity Fund Below is the key information for Aditya Birla Sun Life Equity Fund Returns up to 1 year are on The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. Research Highlights for Bandhan Focused Equity Fund Below is the key information for Bandhan Focused Equity Fund Returns up to 1 year are on To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments. Research Highlights for SBI Magnum Multicap Fund Below is the key information for SBI Magnum Multicap Fund Returns up to 1 year are on (Erstwhile JM Multi Strategy Fund) The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies. Research Highlights for JM Multicap Fund Below is the key information for JM Multicap Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Kotak Standard Multicap Fund Growth ₹81.978
↓ -0.32 ₹54,839 -0.8 -4.1 -3.8 12.9 11.5 9.5 Mirae Asset India Equity Fund Growth ₹106.154
↓ -0.26 ₹38,239 -1.3 -8.7 -5.6 9 8.8 10.2 Motilal Oswal Multicap 35 Fund Growth ₹55.6052
↓ -0.94 ₹12,770 4.7 -7.3 -7.1 17.7 11.5 -5.6 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 Aditya Birla Sun Life Equity Fund Growth ₹1,819.53
↓ -8.68 ₹25,632 3.6 -1.8 1.7 15.8 12.2 11.2 Bandhan Focused Equity Fund Growth ₹84.655
↓ -1.00 ₹2,058 4.3 -2.5 -2.2 14.5 11.9 -1.6 SBI Magnum Multicap Fund Growth ₹103.828
↑ 0.64 ₹22,403 -0.6 -7 -3.9 8.9 8.8 5.5 JM Multicap Fund Growth ₹92.8304
↓ -0.66 ₹5,041 4.5 -2.9 -4.9 15.9 15.9 -6.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 10 Jun 26 Research Highlights & Commentary of 8 Funds showcased
Commentary Kotak Standard Multicap Fund Mirae Asset India Equity Fund Motilal Oswal Multicap 35 Fund BNP Paribas Multi Cap Fund Aditya Birla Sun Life Equity Fund Bandhan Focused Equity Fund SBI Magnum Multicap Fund JM Multicap Fund Point 1 Highest AUM (₹54,839 Cr). Top quartile AUM (₹38,239 Cr). Lower mid AUM (₹12,770 Cr). Bottom quartile AUM (₹588 Cr). Upper mid AUM (₹25,632 Cr). Bottom quartile AUM (₹2,058 Cr). Upper mid AUM (₹22,403 Cr). Lower mid AUM (₹5,041 Cr). Point 2 Established history (16+ yrs). Established history (18+ yrs). Established history (12+ yrs). Established history (20+ yrs). Oldest track record among peers (27 yrs). Established history (20+ yrs). Established history (20+ yrs). Established history (17+ yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 4★ (upper mid). Rating: 4★ (lower mid). Rating: 4★ (lower mid). Rating: 4★ (bottom quartile). Rating: 4★ (bottom quartile). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 11.48% (lower mid). 5Y return: 8.79% (bottom quartile). 5Y return: 11.52% (lower mid). 5Y return: 13.57% (top quartile). 5Y return: 12.20% (upper mid). 5Y return: 11.93% (upper mid). 5Y return: 8.76% (bottom quartile). 5Y return: 15.92% (top quartile). Point 6 3Y return: 12.91% (lower mid). 3Y return: 9.03% (bottom quartile). 3Y return: 17.66% (top quartile). 3Y return: 17.28% (top quartile). 3Y return: 15.77% (upper mid). 3Y return: 14.52% (lower mid). 3Y return: 8.89% (bottom quartile). 3Y return: 15.87% (upper mid). Point 7 1Y return: -3.78% (upper mid). 1Y return: -5.61% (bottom quartile). 1Y return: -7.14% (bottom quartile). 1Y return: 19.34% (top quartile). 1Y return: 1.66% (top quartile). 1Y return: -2.20% (upper mid). 1Y return: -3.90% (lower mid). 1Y return: -4.87% (lower mid). Point 8 Alpha: 0.20 (upper mid). Alpha: -0.60 (lower mid). Alpha: -6.56 (bottom quartile). Alpha: 0.00 (upper mid). Alpha: 2.35 (top quartile). Alpha: 2.82 (top quartile). Alpha: -3.09 (lower mid). Alpha: -4.56 (bottom quartile). Point 9 Sharpe: 0.01 (upper mid). Sharpe: -0.20 (lower mid). Sharpe: -0.37 (bottom quartile). Sharpe: 2.86 (top quartile). Sharpe: 0.13 (top quartile). Sharpe: 0.12 (upper mid). Sharpe: -0.21 (lower mid). Sharpe: -0.27 (bottom quartile). Point 10 Information ratio: -0.09 (lower mid). Information ratio: -0.68 (bottom quartile). Information ratio: 0.45 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 1.07 (top quartile). Information ratio: 0.42 (upper mid). Information ratio: -1.26 (bottom quartile). Information ratio: 0.56 (top quartile). Kotak Standard Multicap Fund
Mirae Asset India Equity Fund
Motilal Oswal Multicap 35 Fund
BNP Paribas Multi Cap Fund
Aditya Birla Sun Life Equity Fund
Bandhan Focused Equity Fund
SBI Magnum Multicap Fund
JM Multicap Fund
1. Kotak Standard Multicap Fund
Kotak Standard Multicap Fund
Growth Launch Date 11 Sep 09 NAV (10 Jun 26) ₹81.978 ↓ -0.32 (-0.39 %) Net Assets (Cr) ₹54,839 on 30 Apr 26 Category Equity - Multi Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.47 Sharpe Ratio 0.01 Information Ratio -0.09 Alpha Ratio 0.2 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,440 31 May 23 ₹11,916 31 May 24 ₹16,095 31 May 25 ₹17,525 31 May 26 ₹17,525 Returns for Kotak Standard Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -3% 3 Month -0.8% 6 Month -4.1% 1 Year -3.8% 3 Year 12.9% 5 Year 11.5% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 9.5% 2023 16.5% 2022 24.2% 2021 5% 2020 25.4% 2019 11.8% 2018 12.3% 2017 -0.9% 2016 34.3% 2015 9.4% Fund Manager information for Kotak Standard Multicap Fund
Name Since Tenure Harsha Upadhyaya 4 Aug 12 13.83 Yr. Data below for Kotak Standard Multicap Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Financial Services 30.74% Industrials 18.12% Basic Materials 15.26% Consumer Cyclical 11.4% Energy 5.74% Technology 4.28% Communication Services 3.97% Utility 2.97% Health Care 2.71% Consumer Defensive 2.11% Asset Allocation
Asset Class Value Cash 2.7% Equity 97.3% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 14 | BEL6% ₹3,170 Cr 73,500,000
↓ -2,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹3,048 Cr 39,500,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | ICICIBANK5% ₹2,779 Cr 22,000,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 12 | SBIN5% ₹2,543 Cr 23,800,000 Jindal Steel Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322864% ₹2,324 Cr 19,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT4% ₹2,127 Cr 5,300,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | 5322154% ₹2,029 Cr 16,000,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | ETERNAL3% ₹1,729 Cr 70,000,000
↑ 2,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL3% ₹1,642 Cr 8,700,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 14 | 5325383% ₹1,593 Cr 1,375,000 2. Mirae Asset India Equity Fund
Mirae Asset India Equity Fund
Growth Launch Date 4 Apr 08 NAV (10 Jun 26) ₹106.154 ↓ -0.26 (-0.25 %) Net Assets (Cr) ₹38,239 on 30 Apr 26 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.16 Sharpe Ratio -0.2 Information Ratio -0.68 Alpha Ratio -0.6 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,727 31 May 23 ₹11,786 31 May 24 ₹14,294 31 May 25 ₹16,000 31 May 26 ₹15,559 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -3.1% 3 Month -1.3% 6 Month -8.7% 1 Year -5.6% 3 Year 9% 5 Year 8.8% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 10.2% 2023 12.7% 2022 18.4% 2021 1.6% 2020 27.7% 2019 13.7% 2018 12.7% 2017 -0.6% 2016 38.6% 2015 8.1% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Gaurav Misra 31 Jan 19 7.34 Yr. Data below for Mirae Asset India Equity Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Financial Services 31.75% Consumer Cyclical 14.14% Technology 8.51% Consumer Defensive 8.06% Industrials 7.55% Energy 6.72% Basic Materials 6.7% Communication Services 4.99% Health Care 4.95% Utility 3.82% Real Estate 1.45% Asset Allocation
Asset Class Value Cash 0.37% Equity 99.63% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹3,499 Cr 45,336,415
↑ 736,622 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹3,105 Cr 24,579,282
↓ -470,053 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE6% ₹2,204 Cr 15,405,035
↑ 269,962 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL5% ₹1,909 Cr 10,116,268 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY4% ₹1,564 Cr 13,235,346 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT3% ₹1,326 Cr 3,302,918 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN3% ₹1,307 Cr 12,236,391 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322153% ₹1,287 Cr 10,148,617
↓ -371,472 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹1,080 Cr 34,311,207
↓ -1,293,282 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | ETERNAL2% ₹948 Cr 38,363,045
↓ -2,776,005 3. Motilal Oswal Multicap 35 Fund
Motilal Oswal Multicap 35 Fund
Growth Launch Date 28 Apr 14 NAV (10 Jun 26) ₹55.6052 ↓ -0.94 (-1.67 %) Net Assets (Cr) ₹12,770 on 30 Apr 26 Category Equity - Multi Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio -0.37 Information Ratio 0.45 Alpha Ratio -6.56 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹9,526 31 May 23 ₹10,598 31 May 24 ₹15,449 31 May 25 ₹18,427 31 May 26 ₹17,507 Returns for Motilal Oswal Multicap 35 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -1.9% 3 Month 4.7% 6 Month -7.3% 1 Year -7.1% 3 Year 17.7% 5 Year 11.5% 10 Year 15 Year Since launch 15.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 -5.6% 2023 45.7% 2022 31% 2021 -3% 2020 15.3% 2019 10.3% 2018 7.9% 2017 -7.8% 2016 43.1% 2015 8.5% Fund Manager information for Motilal Oswal Multicap 35 Fund
Name Since Tenure Varun Sharma 21 Jan 26 0.36 Yr. Swapnil Mayekar 18 Nov 25 0.53 Yr. Ajay Khandelwal 1 Oct 24 1.67 Yr. Ankit Agarwal 21 Jan 26 0.36 Yr. Rakesh Shetty 22 Nov 22 3.53 Yr. Atul Mehra 1 Oct 24 1.67 Yr. Data below for Motilal Oswal Multicap 35 Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Industrials 26.14% Financial Services 24.74% Consumer Cyclical 18.77% Technology 16.49% Health Care 5.23% Communication Services 5.17% Consumer Defensive 1.75% Asset Allocation
Asset Class Value Cash 1.71% Equity 98.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | KALYANKJIL7% ₹940 Cr 22,782,390 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Jan 25 | 5000936% ₹821 Cr 10,100,000
↓ -1,986,645 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | ETERNAL5% ₹679 Cr 27,500,000
↓ -469,643 Coforge Ltd (Technology)
Equity, Since 31 May 23 | COFORGE5% ₹674 Cr 5,631,893
↓ -424,739 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 26 | BHARTIARTL5% ₹660 Cr 3,500,000
↓ -500,000 Persistent Systems Ltd (Technology)
Equity, Since 31 Mar 23 | PERSISTENT5% ₹582 Cr 1,212,161
↓ -72,558 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Mar 26 | SHRIRAMFIN4% ₹528 Cr 5,630,608
↑ 1,252,734 Waaree Energies Ltd (Technology)
Equity, Since 28 Feb 26 | WAAREEENER4% ₹518 Cr 1,660,221 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 21 | LT4% ₹516 Cr 1,285,593
↑ 156,591 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | ICICIBANK4% ₹493 Cr 3,902,468
↓ -970,002 4. BNP Paribas Multi Cap Fund
BNP Paribas Multi Cap Fund
Growth Launch Date 15 Sep 05 NAV (13 Mar 22) ₹73.5154 ↓ -0.01 (-0.01 %) Net Assets (Cr) ₹588 on 31 Jan 22 Category Equity - Multi Cap AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 2.86 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -4.4% 3 Month -4.6% 6 Month -2.6% 1 Year 19.3% 3 Year 17.3% 5 Year 13.6% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for BNP Paribas Multi Cap Fund
Name Since Tenure Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 5. Aditya Birla Sun Life Equity Fund
Aditya Birla Sun Life Equity Fund
Growth Launch Date 27 Aug 98 NAV (10 Jun 26) ₹1,819.53 ↓ -8.68 (-0.47 %) Net Assets (Cr) ₹25,632 on 30 Apr 26 Category Equity - Multi Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 0.13 Information Ratio 1.07 Alpha Ratio 2.35 Min Investment 1,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,331 31 May 23 ₹11,534 31 May 24 ₹15,231 31 May 25 ₹17,324 31 May 26 ₹18,176 Returns for Aditya Birla Sun Life Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -2.1% 3 Month 3.6% 6 Month -1.8% 1 Year 1.7% 3 Year 15.8% 5 Year 12.2% 10 Year 15 Year Since launch 20.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.2% 2023 18.5% 2022 26% 2021 -1.1% 2020 30.3% 2019 16.1% 2018 8.5% 2017 -4.1% 2016 33.5% 2015 15.2% Fund Manager information for Aditya Birla Sun Life Equity Fund
Name Since Tenure Harish Krishnan 3 Nov 23 2.58 Yr. Dhaval Joshi 21 Nov 22 3.53 Yr. Data below for Aditya Birla Sun Life Equity Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Financial Services 29.98% Consumer Cyclical 14.76% Basic Materials 11.22% Industrials 10.94% Health Care 8.59% Technology 8.32% Consumer Defensive 7.56% Energy 4.43% Communication Services 2.28% Real Estate 0.54% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK6% ₹1,497 Cr 11,849,171 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK4% ₹926 Cr 12,000,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | KOTAKBANK3% ₹885 Cr 23,096,430 Reliance Industries Ltd (Energy)
Equity, Since 31 May 19 | RELIANCE3% ₹816 Cr 5,706,067 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY3% ₹728 Cr 6,161,817 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN3% ₹694 Cr 6,500,000
↑ 200,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL2% ₹585 Cr 3,100,000 Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO2% ₹571 Cr 5,500,000
↓ -128,825 Bharat Forge Ltd (Consumer Cyclical)
Equity, Since 30 Jun 17 | 5004932% ₹543 Cr 2,883,624 HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 11 | HCLTECH2% ₹492 Cr 4,103,703 6. Bandhan Focused Equity Fund
Bandhan Focused Equity Fund
Growth Launch Date 16 Mar 06 NAV (10 Jun 26) ₹84.655 ↓ -1.00 (-1.16 %) Net Assets (Cr) ₹2,058 on 30 Apr 26 Category Equity - Multi Cap AMC IDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio 0.12 Information Ratio 0.42 Alpha Ratio 2.82 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,189 31 May 23 ₹11,581 31 May 24 ₹14,872 31 May 25 ₹17,479 31 May 26 ₹17,796 Returns for Bandhan Focused Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -4.4% 3 Month 4.3% 6 Month -2.5% 1 Year -2.2% 3 Year 14.5% 5 Year 11.9% 10 Year 15 Year Since launch 11.2% Historical performance (Yearly) on absolute basis
Year Returns 2024 -1.6% 2023 30.3% 2022 31.3% 2021 -5% 2020 24.6% 2019 14.9% 2018 8.9% 2017 -12.7% 2016 54.4% 2015 1.8% Fund Manager information for Bandhan Focused Equity Fund
Name Since Tenure Manish Gunwani 2 Dec 24 1.49 Yr. Kirthi Jain 2 Dec 24 1.49 Yr. Ritika Behera 7 Oct 23 2.65 Yr. Gaurav Satra 7 Jun 24 1.98 Yr. Rahul Agarwal 2 Dec 24 1.49 Yr. Data below for Bandhan Focused Equity Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Financial Services 34.41% Consumer Defensive 17.21% Health Care 13.49% Real Estate 6.58% Technology 5.4% Consumer Cyclical 5.28% Basic Materials 3.97% Energy 3.55% Utility 2.61% Industrials 2.34% Communication Services 1.9% Asset Allocation
Asset Class Value Cash 3.26% Equity 96.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity LT Foods Ltd (Consumer Defensive)
Equity, Since 30 Jun 25 | 5327838% ₹171 Cr 3,976,666
↑ 41,597 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 25 | 5328108% ₹165 Cr 3,673,567
↓ -515,392 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | HDFCBANK6% ₹126 Cr 1,634,469
↑ 270,000 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 May 25 | CHOLAHLDNG5% ₹106 Cr 680,357
↑ 10,902 State Bank of India (Financial Services)
Equity, Since 31 Jul 25 | SBIN5% ₹100 Cr 937,094 Jubilant Pharmova Ltd (Healthcare)
Equity, Since 31 Jul 25 | JUBLPHARMA5% ₹97 Cr 1,045,101 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Dec 24 | 5322965% ₹96 Cr 398,614
↑ 720 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹90 Cr 710,586 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Jan 25 | PRESTIGE4% ₹80 Cr 567,487
↑ 42,600 Tilaknagar Industries Ltd (Consumer Defensive)
Equity, Since 31 Aug 25 | TI4% ₹77 Cr 1,662,932 7. SBI Magnum Multicap Fund
SBI Magnum Multicap Fund
Growth Launch Date 29 Sep 05 NAV (09 Jun 26) ₹103.828 ↑ 0.64 (0.62 %) Net Assets (Cr) ₹22,403 on 30 Apr 26 Category Equity - Multi Cap AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.67 Sharpe Ratio -0.21 Information Ratio -1.26 Alpha Ratio -3.09 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹10,636 31 May 23 ₹11,917 31 May 24 ₹14,805 31 May 25 ₹15,692 31 May 26 ₹15,631 Returns for SBI Magnum Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -2.9% 3 Month -0.6% 6 Month -7% 1 Year -3.9% 3 Year 8.9% 5 Year 8.8% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2024 5.5% 2023 14.2% 2022 22.8% 2021 0.7% 2020 30.8% 2019 13.6% 2018 11% 2017 -5.5% 2016 37% 2015 5.8% Fund Manager information for SBI Magnum Multicap Fund
Name Since Tenure Anup Upadhyay 1 Dec 24 1.5 Yr. Data below for SBI Magnum Multicap Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Financial Services 35.93% Basic Materials 12.82% Consumer Cyclical 11.17% Industrials 10.64% Energy 6.58% Health Care 6.14% Utility 5.75% Technology 5.62% Consumer Defensive 0.57% Asset Allocation
Asset Class Value Cash 3.34% Equity 96.53% Debt 0.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | ICICIBANK6% ₹1,237 Cr 9,791,955
↑ 2,881,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 26 | SBIN5% ₹1,124 Cr 10,517,425
↑ 1,450,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 25 | 5322154% ₹990 Cr 7,807,500
↓ -1,710,250 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK4% ₹984 Cr 12,749,960 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT4% ₹891 Cr 2,219,697 Tata Steel Ltd (Basic Materials)
Equity, Since 31 May 25 | TATASTEEL3% ₹769 Cr 36,400,000 NTPC Ltd (Utilities)
Equity, Since 28 Feb 26 | 5325553% ₹742 Cr 18,600,000 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 26 | 5329773% ₹597 Cr 597,658
↑ 131,000 Tata Power Co Ltd (Utilities)
Equity, Since 30 Apr 26 | 5004002% ₹531 Cr 11,935,541
↑ 11,935,541 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY2% ₹472 Cr 3,993,067 8. JM Multicap Fund
JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (10 Jun 26) ₹92.8304 ↓ -0.66 (-0.71 %) Net Assets (Cr) ₹5,041 on 30 Apr 26 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio -0.27 Information Ratio 0.56 Alpha Ratio -4.56 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-60 Days (1%),60 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 May 21 ₹10,000 31 May 22 ₹11,027 31 May 23 ₹13,346 31 May 24 ₹21,502 31 May 25 ₹21,926 31 May 26 ₹21,297 Returns for JM Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 10 Jun 26 Duration Returns 1 Month -2.3% 3 Month 4.5% 6 Month -2.9% 1 Year -4.9% 3 Year 15.9% 5 Year 15.9% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 -6.8% 2023 33.3% 2022 40% 2021 7.8% 2020 32.9% 2019 11.4% 2018 16.6% 2017 -5.4% 2016 39.5% 2015 10.5% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 4.78 Yr. Asit Bhandarkar 1 Oct 24 1.67 Yr. Ruchi Fozdar 4 Oct 24 1.66 Yr. Deepak Gupta 11 Apr 25 1.14 Yr. Data below for JM Multicap Fund as on 30 Apr 26
Equity Sector Allocation
Sector Value Financial Services 27.97% Consumer Cyclical 18.78% Industrials 9.4% Technology 8.7% Basic Materials 8.59% Health Care 7.54% Energy 7.21% Utility 4.83% Consumer Defensive 4.35% Communication Services 1.97% Asset Allocation
Asset Class Value Cash 0.63% Equity 99.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | ICICIBANK4% ₹179 Cr 1,420,062
↑ 5,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK3% ₹174 Cr 2,250,000
↓ -82,760 Godfrey Phillips India Ltd (Consumer Defensive)
Equity, Since 28 Feb 25 | GODFRYPHLP3% ₹153 Cr 680,000
↓ -10,000 NTPC Ltd (Utilities)
Equity, Since 31 Jan 26 | 5325553% ₹134 Cr 3,354,299
↑ 300,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Oct 25 | DRREDDY3% ₹132 Cr 1,000,000
↓ -196,532 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT2% ₹125 Cr 310,668 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹116 Cr 1,090,196
↓ -112,000 Arvind Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | 5001012% ₹111 Cr 2,781,193 One97 Communications Ltd (Technology)
Equity, Since 31 May 25 | PAYTM2% ₹108 Cr 989,776
↑ 141,288 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 28 Feb 25 | APOLLOHOSP2% ₹108 Cr 141,828
Why Multi-Asset Funds Make Sense for Diversification
In summary, multi-asset funds offer a simple yet effective way to achieve portfolio diversification. They help spread risk across different asset classes, reducing the impact of market Volatility. Whether you're a conservative or aggressive investor, there is a multi-asset fund designed to meet your needs.
By choosing the right multi-asset fund, you can enjoy balanced returns, tax benefits, and professional management—all of which can lead to optimal diversification and long-term wealth growth.
If you’re looking to invest smartly and balance your portfolio, multi-asset funds are a great option to consider.
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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Research Highlights for Kotak Standard Multicap Fund