Nippon India Mutual Fund · Direct Growth · SEBI Category: Multi Asset
Nippon India Multi Asset Allocation Fund provides exposure across multiple asset classes — equity, debt, gold and commodities — in a single fund. The inclusion of commodities beyond gold is distinctive — providing exposure to a broader set of real assets that behave differently from financial assets during different economic conditions. This broader diversification can provide additional portfolio stability compared to funds that only combine equity, debt and gold.
The fund benefits from Nippon Life Insurance of Japan's global investment management discipline applied across multiple asset classes. The specialist three-manager structure — with Vikram Dhawan's specific commodity expertise — provides professional management of the non-traditional asset classes that many fund managers lack specific expertise in.
Ashutosh Bhargava manages the equity component, Kinjal Desai handles fixed income and Vikram Dhawan manages the commodities and gold allocation in Nippon India Multi Asset Allocation Fund. This specialist three-manager structure ensures professional management of each asset class. Dhawan brings specific commodity and gold market expertise rarely found in domestic AMCs.
For current co-manager details and full biography, refer to the latest Nippon India Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
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| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation Fund | ₹73.80 | ₹15.2K Cr Jan–Mar 2026 | +14.8% | +17.9% p.a. | +14.5% p.a. | 1.62 |
| Nippon India Multi Asset Allocation Fund ▲ | ₹26.38 | ₹12.6K Cr Jan–Mar 2026 | +16.8% | +21.0% p.a. | +16.9% p.a. | 1.59 |
| Kotak Multi Asset Allocation Fund | ₹16.39 | ₹12.1K Cr Jan–Mar 2026 | +24.9% | — | — | — |
| DSP Multi Asset Allocation Fund | ₹16.64 | ₹7.8K Cr Jan–Mar 2026 | +21.4% | — | — | — |
| UTI Multi Asset Allocation Fund | ₹86.71 | ₹6.6K Cr Jan–Mar 2026 | +7.4% | +17.8% p.a. | +14.6% p.a. | 1.31 |
Calculated from 1,417 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how Nippon India Multi Asset Allocation FundOption ranks against other Multi Asset funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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