Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and Tata Multi Asset Allocation Fund is a Multi Asset fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Tata Multi Asset Allocation Fund 0.65%. Their portfolios overlap 37.5%: they hold 47 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Tata Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.65%
- NAV
- ₹26.80
Which is better, Aditya Birla Sun Life Msci India ETF or Tata Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Msci India ETF costs less: 0.22% a year against 0.65%.
- Tata Multi Asset Allocation fell less in its worst fall since 20-02-2026: −9.1% against −12.5%.
- Aditya Birla Sun Life Msci India ETF holds more in large companies: 80.6% of the fund in large caps against 41.6%.
- Tata Multi Asset Allocation is the larger fund: ₹5,000 Cr against ₹11 Cr.
- Their portfolios overlap 37.5%: 47 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Msci India ETF | Tata Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Tata Mutual Fund |
| Category | ETF | Multi Asset |
| AUM | ₹11 Cr (30-09-2026) | ₹5,000 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹26.80 (Direct) |
| Expense ratio (Direct) | Not available | 0.65% |
| Expense ratio (Regular) | Not available | 1.96% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | (65%) BSE 200 + (15%) CRISIL Short Term Bond Index + (20%) iCOMDEX Composite Index TRI |
| Launch date | 17-02-2026 | 04-03-2020 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹5,000 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel |
| Exit load | NIL | Exit load of 0.50%, if redeemed within 30 days. |
Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| Tata Multi Asset Allocation Fund (Direct) | −1.53% | −4.95% | −2.81% | −1.92% | +12.24% | +11.14% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Tata Multi Asset AllocationTata Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | −4.90% |
| 2025 | -- | +16.53% |
| 2024 | -- | +16.25% |
| 2023 | -- | +20.21% |
| 2022 | -- | +8.86% |
| 2021 | -- | +24.63% |
Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Msci India ETF | Tata Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +16.84% |
| Standard deviation | 15.37% | 10.44% |
| Sharpe ratio | -1.03 | 1.12 |
| Sortino ratio | -1.35 | 1.52 |
| Maximum drawdown | −12.5% (31-03-2026) | −13.5% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 20-02-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Msci India ETF
Tata Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Tata Multi Asset Allocation Fund (Direct) | −9.1% | 23-02-2026 | 23-03-2026 | 17-06-2026 | 3 months | −6.7% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Tata Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 37.5%
- Held by both
- 47
- Only in Aditya Birla Sun Life Msci India ETF
- 118
- Only in Tata Multi Asset Allocation
- 53
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Tata Multi Asset Allocation |
|---|---|---|
| Reliance Industries Ltd. | 5.44% | 3.81% |
| HDFC Bank Ltd. | 6.44% | 3.58% |
| ICICI Bank Ltd. | 5.59% | 3.15% |
| Bharti Airtel Ltd. | 3.93% | 2.66% |
| Kotak Mahindra Bank Ltd. | 1.82% | 2.03% |
| Axis Bank Ltd. | 2.25% | 1.73% |
| State Bank of India | 1.41% | 1.55% |
| Larsen & Toubro Ltd. | 2.02% | 1.30% |
| Eternal Ltd. | 1.22% | 1.07% |
| Tata Steel Ltd. | 1.10% | 1.07% |
| Mahindra & Mahindra Ltd. | 2.05% | 0.93% |
| Ultratech Cement Ltd. | 0.90% | 0.88% |
| NTPC Ltd. | 1.12% | 0.87% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 1.33% |
| Infosys Ltd. | 2.41% | 0.73% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 0.72% |
| Bajaj Finance Ltd. | 1.91% | 0.68% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.73% |
| Tata Consultancy Services Ltd. | 1.33% | 0.63% |
| Tech Mahindra Ltd. | 0.66% | 0.60% |
| Adani Power Ltd. | 0.53% | 0.74% |
| Bajaj Finserv Ltd. | 0.53% | 0.51% |
| Hero MotoCorp Ltd. | 0.50% | 0.88% |
| Cummins India Ltd. | 0.50% | 1.04% |
| The Federal Bank Ltd. | 0.46% | 1.47% |
| Vedanta Aluminium Metal Ltd. | 0.45% | 1.37% |
| Tata Motors Passenger Vehicles Ltd. | 0.42% | 1.08% |
| HDFC Life Insurance Company Ltd. | 0.41% | 0.45% |
| Bharat Petroleum Corporation Ltd. | 0.39% | 0.56% |
| Indus Towers Ltd. | 0.37% | 0.62% |
| Marico Ltd. | 0.33% | 0.78% |
| Jindal Steel Ltd. | 0.32% | 1.03% |
| ICICI Lombard General Insurance Company Ltd. | 0.31% | 0.55% |
| Hindustan Unilever Ltd. | 1.06% | 0.30% |
| PB Fintech Ltd. | 0.29% | 0.96% |
| Oil & Natural Gas Corporation Ltd. | 0.46% | 0.27% |
| Siemens Ltd. | 0.23% | 0.51% |
| Adani Energy Solutions Ltd. | 0.22% | 0.97% |
| Prestige Estates Projects Ltd. | 0.20% | 0.55% |
| Bank of Baroda | 0.19% | 0.73% |
| GE Vernova T&D India Ltd. | 0.43% | 0.18% |
| Ambuja Cements Ltd. | 0.18% | 0.50% |
| Godrej Properties Ltd. | 0.18% | 0.59% |
| L&T Finance Ltd. | 0.17% | 0.77% |
| IndusInd Bank Ltd. | 0.41% | 0.16% |
| Oil India Ltd. | 0.15% | 0.67% |
| Maruti Suzuki India Ltd. | 1.13% | 0.13% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.5% means 37.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Msci India ETF
| Security | % of fund |
|---|---|
| Titan Company Ltd. | 1.30% |
| Shriram Finance Ltd. | 1.11% |
| Bharat Electronics Ltd. | 1.07% |
| Hindalco Industries Ltd. | 0.97% |
| Divi's Laboratories Ltd. | 0.88% |
Largest holdings only in Tata Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| TATA GOLD EXCHANGE TRADED FUND | 6.04% |
| TATA SILVER EXCHANGE TRADED FUND | 2.26% |
| DR. AGARWALS HEALTH CARE LTD | 1.53% |
| NIVA BUPA HEALTH INSURANCE COMPANY LTD | 1.39% |
| ACME SOLAR HOLDINGS LTD | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Equity | 99.8% | 66.6% |
| Debt | 0.0% | 10.7% |
| Cash and others | 0.2% | 22.7% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Large Cap | 80.6% | 41.6% |
| Mid Cap | 19.2% | 9.2% |
| Small Cap | 0.0% | 15.2% |
| Not on AMFI's list | 0.0% | 0.7% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Msci India ETF | Tata Multi Asset Allocation |
|---|---|---|
| Banks | 20.3% | 15.6% |
| IT - Software | 6.6% | 2.0% |
| Petroleum Products | 6.4% | 4.4% |
| Finance | 6.3% | 3.4% |
| Automobiles | 6.2% | 3.0% |
| Pharmaceuticals & Biotechnology | 5.6% | 1.6% |
| Insurance | 1.4% | 4.2% |
| Healthcare Services | 1.5% | 3.9% |
| Power | 3.7% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Tata Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 0.65% |
| Base expense ratio (Direct) | 0.00% | 0.45% |
| Total expense ratio (Regular) | Not available | 1.96% |
| Base expense ratio (Regular) | 0.16% | 1.58% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Aditya Birla Sun Life Msci India ETF vs Tata Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Tata Multi Asset Allocation Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Tata Multi Asset Allocation Fund is a Multi Asset fund, run by Aditya Birla Sun Life Mutual Fund and Tata Mutual Fund. Their portfolios overlap 37.5%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Tata Multi Asset Allocation Fund 0.65%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Tata Multi Asset Allocation Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 0.65%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Tata Multi Asset Allocation Fund overlap?
37.5%. They hold 47 of the same securities, the largest shared ones being RELIANCE, HDFCBANK, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Tata Multi Asset Allocation Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Tata Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 10.44% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Tata Multi Asset Allocation Fund?
Yes. 37.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Tata Multi Asset Allocation Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Tata Multi Asset Allocation Fund: Rahul Singh, Murthy Nagarajan, Sailesh Jain, Amit Somani, Tapan Patel.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.