SBI Mutual Fund · Direct Growth · SEBI Category: Multi Asset
SBI Multi Asset Allocation Fund is India's largest multi asset fund by AUM — investing across equity (minimum 65%), debt (minimum 10%) and gold (minimum 10%) in a single fund. Managed by India's largest AMC, the fund provides true three-asset-class diversification with professional management of each component. The gold allocation provides a natural hedge against equity market volatility.
The fund's equity sleeve targets quality large cap businesses with earnings visibility. The debt component is managed conservatively with high credit quality bonds. The gold allocation — typically 10-20% — is held through gold ETFs and provides the portfolio's crisis protection. When equity markets fall sharply, gold often rises, providing a natural cushion that pure equity or even aggressive hybrid funds cannot offer.
SBI Multi Asset Allocation Fund is co-managed by R. Srinivasan handling equity, Dinesh Ahuja managing fixed income and Raj Gandhi overseeing gold and commodity allocation. This specialist three-manager structure ensures each asset class receives dedicated expert attention — equity, debt and gold are each managed by specialists rather than a single generalist.
For current co-manager details and full biography, refer to the latest SBI 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 2,527 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 SBI MULTI ASSET ALLOCATION FUND ranks against other Multi Asset funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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