Aditya Birla Sun Life Multi Asset Allocation Fund vs Aditya Birla Sun Life Special Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Multi Asset Allocation Fund is a Multi Asset fund and Aditya Birla Sun Life Special Opportunities Fund is a Thematic fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) returned 15.3% a year and Aditya Birla Sun Life Special Opportunities Fund (Direct) returned 18.3% a year. Aditya Birla Sun Life Multi Asset Allocation Fund charges 0.67% a year and Aditya Birla Sun Life Special Opportunities Fund 1.18% (Direct plans). Their portfolios overlap 28.2%: they hold 26 of the same securities.
Aditya Birla Sun Life Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 15.3%
- Expense ratio
- 0.67%
- NAV
- ₹17.00
Aditya Birla Sun Life Special Opportunities Fund
Thematic
- 3 year return
- 18.3%
- Expense ratio
- 1.18%
- NAV
- ₹29.45
Which is better, Aditya Birla Sun Life Multi Asset Allocation or Aditya Birla Sun Life Special Opportunities? 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 Special Opportunities returned more over 3 years: 18.3% a year against 15.3%.
- Aditya Birla Sun Life Special Opportunities returned more over 1 year: 5.4% against 4.2%.
- Aditya Birla Sun Life Multi Asset Allocation costs less: 0.67% a year against 1.18% (Direct plans).
- Aditya Birla Sun Life Multi Asset Allocation swung less over 3 years: a standard deviation of 10.5% a year against 14.2%.
- Aditya Birla Sun Life Multi Asset Allocation fell less in its worst fall since 02-02-2023: −12.8% against −17.7%.
- Aditya Birla Sun Life Multi Asset Allocation is the larger fund: ₹7,478 Cr against ₹1,357 Cr.
- Their portfolios overlap 28.2%: 26 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 Multi Asset Allocation Fund | Aditya Birla Sun Life Special Opportunities Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Aditya Birla Sun Life Mutual Fund |
| Category | Multi Asset | Thematic |
| AUM | ₹7,478 Cr (30-09-2026) | ₹1,357 Cr (30-09-2026) |
| NAV | ₹17.00 (Direct) | ₹29.45 (Direct) |
| Expense ratio (Direct) | 0.67% | 1.18% |
| Expense ratio (Regular) | 1.78% | 2.28% |
| Riskometer | Very High | Very High |
| Benchmark | 65% BSE 200 + 25% CRISIL Short Term Bond Index + 5% of Domestic prices of Gold + 5% of Domestic prices of Silver | BSE 500 TRI |
| Launch date | 31-01-2023 | 23-10-2020 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Dhaval Gala, Bhupesh Bameta, Sachin Wankhede | Dhaval Gala |
| Exit load | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. | Exit load of 1%, if redeemed within 30 days. |
Aditya Birla Sun Life Multi Asset Allocation vs Aditya Birla Sun Life Special Opportunities: 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 Multi Asset Allocation Fund (Direct) | −1.95% | −3.96% | −0.68% | +4.15% | +15.35% | -- | -- |
| Aditya Birla Sun Life Special Opportunities Fund (Direct) | −2.97% | −3.22% | +4.77% | +5.40% | +18.27% | +12.63% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | -- |
Category average: the average of the 37 Multi Asset funds and the 235 Thematic funds, same plan type.
Aditya Birla Sun Life Multi Asset Allocation vs Aditya Birla Sun Life Special Opportunities: Year-wise Returns
| Year | Multi Asset AllocationAditya Birla Sun Life Multi Asset Allocation | Special OpportunitiesAditya Birla Sun Life Special Opportunities |
|---|---|---|
| 2026to date | −0.96% | +2.15% |
| 2025 | +20.35% | +14.81% |
| 2024 | +17.73% | +22.91% |
| 2023 | -- | +26.97% |
| 2022 | -- | +0.63% |
| 2021 | -- | +35.16% |
Aditya Birla Sun Life Multi Asset Allocation vs Aditya Birla Sun Life Special Opportunities: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Aditya Birla Sun Life Special Opportunities Fund
Rolling returns
Every 3-year holding period, 184 of them, one for each trading day from 02-02-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Aditya Birla Sun Life Multi Asset Allocation Fund (Direct)
Aditya Birla Sun Life Special Opportunities Fund (Direct)
BSE 500 TRI
to
Feb 2026Apr 2023
to
Apr 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Aug 2023
to
Aug 2026Oct 2023
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 2.2 | 84.2 | 13.6 | 0.0 | 17.7% | 17.5% | 14.5% | 21.3% | 100% |
| Aditya Birla Sun Life Special Opportunities | 0.0 | 0.0 | 0.0 | 0.0 | 28.3 | 71.7 | 0.0 | 20.8% | 21.1% | 17.2% | 23.9% | 100% |
| BSE 500 TRI | 0.0 | 0.0 | 13.6 | 60.3 | 26.1 | 0.0 | 0.0 | 13.2% | 13.0% | 8.4% | 17.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-02-2023. Past returns do not promise future returns.
Aditya Birla Sun Life Multi Asset Allocation vs Aditya Birla Sun Life Special Opportunities: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-02-2023 to 30-10-2026: 45 instalments, ₹4,50,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Aditya Birla Sun Life Multi Asset AllocationAditya Birla Sun Life Multi Asset Allocation Fund (Direct) | ₹4,50,000 | ₹5,61,257 | ₹1,11,257 | 11.8% |
| Aditya Birla Sun Life Special OpportunitiesAditya Birla Sun Life Special Opportunities Fund (Direct) | ₹4,50,000 | ₹5,85,167 | ₹1,35,167 | 14.1% |
Aditya Birla Sun Life Multi Asset AllocationAditya Birla Sun Life Multi Asset Allocation Fund (Direct)
Aditya Birla Sun Life Special OpportunitiesAditya Birla Sun Life Special Opportunities Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Aditya Birla Sun Life Multi Asset Allocation vs Aditya Birla Sun Life Special Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) | Aditya Birla Sun Life Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.15% | +5.40% |
| Standard deviation | 12.82% | 14.59% |
| Sharpe ratio | -0.09 | 0.01 |
| Sortino ratio | -0.11 | 0.02 |
| Maximum drawdown | −12.8% (23-03-2026) | −13.3% (30-03-2026) |
| Beta | -- | 0.95 |
| Alpha | -- | +12.45% |
From daily NAVs, 30-10-2025 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.
| Measure | Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) | Aditya Birla Sun Life Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.35% | +18.27% |
| Standard deviation | 10.46% | 14.15% |
| Sharpe ratio | 0.89 | 0.87 |
| Sortino ratio | 1.22 | 1.20 |
| Maximum drawdown | −12.8% (23-03-2026) | −17.7% (07-04-2025) |
| Beta | -- | 0.95 |
| Alpha | -- | +8.57% |
From daily NAVs, 30-10-2023 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.
| Measure | Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) | Aditya Birla Sun Life Special Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.27% | +19.58% |
| Standard deviation | 9.73% | 14.26% |
| Sharpe ratio | 0.94 | 1.00 |
| Sortino ratio | 1.28 | 1.38 |
| Maximum drawdown | −12.8% (23-03-2026) | −20.3% (20-06-2022) |
| Beta | -- | 0.95 |
| Alpha | -- | +4.60% |
From daily NAVs, 02-02-2023 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 Multi Asset Allocation Fund (Direct)
Aditya Birla Sun Life Special Opportunities Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) | −12.8% | 29-01-2026 | 23-03-2026 | 12-08-2026 | 5 months | −6.8% |
| Aditya Birla Sun Life Special Opportunities Fund (Direct) | −17.7% | 27-09-2024 | 07-04-2025 | 12-09-2025 | 5 months | −6.7% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 02-02-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Multi Asset Allocation Fund (Direct)
Aditya Birla Sun Life Special Opportunities Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Aditya Birla Sun Life Multi Asset Allocation Fund (Direct)
Aditya Birla Sun Life Special Opportunities Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) | 76% | 34% | 6.90% |
| Aditya Birla Sun Life Special Opportunities Fund (Direct) | 111% | 74% | 4.34% |
From month-end values since 02-02-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Aditya Birla Sun Life Multi Asset Allocation vs Aditya Birla Sun Life Special Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Multi Asset Allocation Fund, September 2026; Aditya Birla Sun Life Special Opportunities Fund, September 2026
Holdings in common
- Overlap
- 28.2%
- Held by both
- 26
- Only in Aditya Birla Sun Life Multi Asset Allocation
- 87
- Only in Aditya Birla Sun Life Special Opportunities
- 42
| Security | % of Aditya Birla Sun Life Multi Asset Allocation | % of Aditya Birla Sun Life Special Opportunities |
|---|---|---|
| ICICI Bank Ltd. | 3.78% | 2.92% |
| Sedemac Mechatronics Ltd. | 2.02% | 2.02% |
| Axis Bank Ltd. | 2.74% | 1.99% |
| Meesho Ltd. | 1.91% | 3.05% |
| Bharti Airtel Ltd. | 1.76% | 3.69% |
| Infosys Ltd. | 1.58% | 1.61% |
| Bank of Maharashtra | 1.45% | 2.02% |
| Eternal Ltd. | 1.58% | 1.27% |
| Coforge Ltd. | 1.13% | 1.42% |
| Varun Beverages Ltd. | 1.12% | 1.54% |
| Reliance Industries Ltd. | 1.84% | 0.94% |
| Tech Mahindra Ltd. | 1.26% | 0.92% |
| Swiggy Ltd. | 1.10% | 0.92% |
| Mahindra & Mahindra Ltd. | 0.89% | 1.30% |
| Adani Enterprises Ltd. | 0.85% | 1.00% |
| Billionbrains Garage Ventures Ltd. | 0.84% | 2.04% |
| Shriram Finance Ltd. | 0.72% | 2.95% |
| HDFC Life Insurance Company Ltd. | 0.71% | 1.34% |
| Adani Energy Solutions Ltd. | 0.70% | 1.05% |
| Hindalco Industries Ltd. | 1.03% | 0.70% |
| Aditya Infotech Ltd. | 0.59% | 7.48% |
| Craftsman Automation Ltd. | 0.59% | 1.41% |
| ICICI Lombard General Insurance Company Ltd. | 0.55% | 1.04% |
| Bajaj Finserv Ltd. | 0.52% | 1.13% |
| SPR Auto Technologies Ltd. | 0.42% | 2.57% |
| Pitti Engineering Ltd. | 0.16% | 1.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.2% means 28.2% 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 Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Aditya Birla Sun Life Gold ETF | 11.32% |
| Aditya Birla Sun Life Silver ETF | 2.41% |
| Sansera Engineering Ltd. | 1.73% |
| HDFC Bank Ltd. | 1.49% |
| Hindustan Unilever Ltd. | 1.34% |
Largest holdings only in Aditya Birla Sun Life Special Opportunities Fund
| Security | % of fund |
|---|---|
| Union Bank of India | 2.12% |
| Ujjivan Small Finance Bank Ltd. | 2.01% |
| Wheels India Ltd. | 1.98% |
| Vedanta Aluminium Metal Ltd. | 1.81% |
| Navin Fluorine International Ltd. | 1.80% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Multi Asset Allocation | Aditya Birla Sun Life Special Opportunities |
|---|---|---|
| Equity | 65.2% | 93.6% |
| Debt | 12.3% | 0.0% |
| Cash and others | 22.5% | 6.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Multi Asset Allocation | Aditya Birla Sun Life Special Opportunities |
|---|---|---|
| Large Cap | 39.0% | 36.4% |
| Mid Cap | 17.3% | 13.7% |
| Small Cap | 8.9% | 39.9% |
| Not on AMFI's list | 0.0% | 3.5% |
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 Multi Asset Allocation | Aditya Birla Sun Life Special Opportunities |
|---|---|---|
| Banks | 12.4% | 12.8% |
| Auto Components | 7.1% | 10.2% |
| Industrial Manufacturing | 0.8% | 9.4% |
| Retailing | 6.2% | 7.3% |
| Finance | 3.9% | 6.1% |
| IT - Software | 4.7% | 5.3% |
| Pharmaceuticals & Biotechnology | 3.2% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Multi Asset Allocation vs Aditya Birla Sun Life Special Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Multi Asset Allocation Fund | Aditya Birla Sun Life Special Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.67% | 1.18% |
| Base expense ratio (Direct) | 0.51% | 0.87% |
| Total expense ratio (Regular) | 1.78% | 2.28% |
| Base expense ratio (Regular) | 1.49% | 1.84% |
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
Compare Aditya Birla Sun Life Multi Asset Allocation with
- Aditya Birla Sun Life Multi Asset Allocation vs Quant Multi Asset Allocation
- Aditya Birla Sun Life Multi Asset Allocation vs Nippon India Multi Asset Allocation
- Aditya Birla Sun Life Multi Asset Allocation vs DSP Multi Asset Allocation
- Aditya Birla Sun Life Multi Asset Allocation vs Kotak Multi Asset Allocation
- Aditya Birla Sun Life Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Compare Aditya Birla Sun Life Special Opportunities with
- Aditya Birla Sun Life Special Opportunities vs Nippon India Taiwan Equity
- Aditya Birla Sun Life Special Opportunities vs HDFC Defence
- Aditya Birla Sun Life Special Opportunities vs HDFC Pharma and Healthcare
- Aditya Birla Sun Life Special Opportunities vs SBI Healthcare Opportunities
- Aditya Birla Sun Life Special Opportunities vs Aditya Birla Sun Life International Equity
Aditya Birla Sun Life Multi Asset Allocation Fund vs Aditya Birla Sun Life Special Opportunities Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Multi Asset Allocation Fund and Aditya Birla Sun Life Special Opportunities Fund?
Aditya Birla Sun Life Multi Asset Allocation Fund is a Multi Asset fund, Aditya Birla Sun Life Special Opportunities Fund is a Thematic fund, run by Aditya Birla Sun Life Mutual Fund. Their portfolios overlap 28.2%. Aditya Birla Sun Life Multi Asset Allocation Fund charges 0.67% a year and Aditya Birla Sun Life Special Opportunities Fund 1.18%.
Which has given higher returns, Aditya Birla Sun Life Multi Asset Allocation Fund or Aditya Birla Sun Life Special Opportunities Fund?
Over 1 year: Aditya Birla Sun Life Multi Asset Allocation Fund +4.15%, Aditya Birla Sun Life Special Opportunities Fund +5.40%. Over 3 years: Aditya Birla Sun Life Multi Asset Allocation Fund +15.35% a year, Aditya Birla Sun Life Special Opportunities Fund +18.27% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Aditya Birla Sun Life Multi Asset Allocation Fund or Aditya Birla Sun Life Special Opportunities Fund?
Aditya Birla Sun Life Multi Asset Allocation Fund charges less: 0.67% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Multi Asset Allocation Fund and Aditya Birla Sun Life Special Opportunities Fund overlap?
28.2%. They hold 26 of the same securities, the largest shared ones being ICICIBANK, SEDEMAC, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Multi Asset Allocation Fund or Aditya Birla Sun Life Special Opportunities Fund?
On SEBI's riskometer, Aditya Birla Sun Life Multi Asset Allocation Fund is rated Very High and Aditya Birla Sun Life Special Opportunities Fund Very High. Over 3 years, the standard deviation of daily returns was 10.46% and 14.15% a year.
Which is better for SIP, Aditya Birla Sun Life Multi Asset Allocation Fund or Aditya Birla Sun Life Special Opportunities Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,31,680 in Aditya Birla Sun Life Multi Asset Allocation Fund (XIRR 10.0% a year) and ₹4,39,222 in Aditya Birla Sun Life Special Opportunities Fund (XIRR 11.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Aditya Birla Sun Life Multi Asset Allocation Fund and Aditya Birla Sun Life Special Opportunities Fund?
Yes. 28.2% 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 Multi Asset Allocation Fund and Aditya Birla Sun Life Special Opportunities Fund?
Aditya Birla Sun Life Multi Asset Allocation Fund: Dhaval Gala, Bhupesh Bameta, Sachin Wankhede. Aditya Birla Sun Life Special Opportunities Fund: Dhaval Gala.
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.