Aditya Birla Sun Life Multi Asset Allocation Fund vs SBI BSE 100 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Multi Asset Allocation Fund is a Multi Asset fund and SBI BSE 100 ETF is a mutual fund. In the 3 years to 30-10-2026, Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) returned 15.3% a year and SBI BSE 100 ETF (Regular) returned 8.8% a year. Aditya Birla Sun Life Multi Asset Allocation Fund charges 0.67% a year and SBI BSE 100 ETF 0.16%. Their portfolios overlap 35.2%: they hold 40 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
Which is better, Aditya Birla Sun Life Multi Asset Allocation or SBI BSE 100 ETF? 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 Multi Asset Allocation returned more over 3 years: 15.3% a year against 8.8%.
- Aditya Birla Sun Life Multi Asset Allocation returned more over 1 year: 4.2% against −9.1%.
- SBI BSE 100 ETF costs less: 0.16% a year against 0.67%.
- Aditya Birla Sun Life Multi Asset Allocation swung less over 3 years: a standard deviation of 10.5% a year against 13.5%.
- Aditya Birla Sun Life Multi Asset Allocation fell less in its worst fall since 02-02-2023: −12.8% against −16.7%.
- SBI BSE 100 ETF holds more in large companies: 90.2% of the fund in large caps against 39.0%.
- Aditya Birla Sun Life Multi Asset Allocation is the larger fund: ₹7,478 Cr against ₹9 Cr.
- Their portfolios overlap 35.2%: 40 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 | SBI BSE 100 ETF |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | SBI Mutual Fund |
| Category | Multi Asset | Not available |
| AUM | ₹7,478 Cr (30-09-2026) | ₹9 Cr (30-09-2026) |
| NAV | ₹17.00 (Direct) | ₹272.01 (Regular) |
| Expense ratio (Direct) | 0.67% | Not available |
| Expense ratio (Regular) | 1.78% | 0.16% |
| Riskometer | Very High | Not available |
| Benchmark | 65% BSE 200 + 25% CRISIL Short Term Bond Index + 5% of Domestic prices of Gold + 5% of Domestic prices of Silver | Not available |
| Launch date | 31-01-2023 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Dhaval Gala, Bhupesh Bameta, Sachin Wankhede | Not available |
| Exit load | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. | Not available |
Aditya Birla Sun Life Multi Asset Allocation vs SBI BSE 100 ETF: 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% | -- | -- |
| SBI BSE 100 ETF (Regular) | +0.93% | −5.53% | −2.97% | −9.05% | +8.78% | +7.62% | +11.52% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Aditya Birla Sun Life Multi Asset Allocation vs SBI BSE 100 ETF: Year-wise Returns
| Year | Aditya Birla Sun Life Multi Asset AllocationAditya Birla Sun Life Multi Asset Allocation | SBI BSE 100 ETFSBI BSE 100 ETF |
|---|---|---|
| 2026to date | −0.96% | −9.80% |
| 2025 | +20.35% | +10.33% |
| 2024 | +17.73% | +13.11% |
| 2023 | -- | +23.07% |
| 2022 | -- | +5.85% |
| 2021 | -- | +26.33% |
Aditya Birla Sun Life Multi Asset Allocation vs SBI BSE 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of SBI BSE 100 ETF
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)
SBI BSE 100 ETF (Regular)
BSE 100 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% |
| SBI BSE 100 ETF | 0.0 | 0.0 | 27.0 | 61.6 | 11.4 | 0.0 | 0.0 | 11.3% | 10.8% | 6.8% | 16.2% | 0% |
| BSE 100 TRI | 0.0 | 0.0 | 23.9 | 64.7 | 11.4 | 0.0 | 0.0 | 11.5% | 11.0% | 7.0% | 16.3% | -- |
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 100 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 SBI BSE 100 ETF: 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% |
| SBI BSE 100 ETFSBI BSE 100 ETF (Regular) | ₹4,50,000 | ₹4,81,234 | ₹31,234 | 3.5% |
Aditya Birla Sun Life Multi Asset AllocationAditya Birla Sun Life Multi Asset Allocation Fund (Direct)
SBI BSE 100 ETFSBI BSE 100 ETF (Regular)
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 SBI BSE 100 ETF: 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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +4.15% | −9.05% |
| Standard deviation | 12.82% | 13.91% |
| Sharpe ratio | -0.09 | -1.03 |
| Sortino ratio | -0.11 | -1.36 |
| Maximum drawdown | −12.8% (23-03-2026) | −15.0% (31-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.16% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +15.35% | +8.78% |
| Standard deviation | 10.46% | 13.55% |
| Sharpe ratio | 0.89 | 0.20 |
| Sortino ratio | 1.22 | 0.28 |
| Maximum drawdown | −12.8% (23-03-2026) | −16.7% (28-02-2025) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.18% |
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) | SBI BSE 100 ETF (Regular) |
|---|---|---|
| Return (CAGR) | +15.27% | +10.40% |
| Standard deviation | 9.73% | 15.99% |
| Sharpe ratio | 0.94 | 0.30 |
| Sortino ratio | 1.28 | 0.40 |
| Maximum drawdown | −12.8% (23-03-2026) | −38.2% (23-03-2020) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.44% |
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)
SBI BSE 100 ETF (Regular)
BSE 100 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% |
| SBI BSE 100 ETF (Regular) | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.6% |
| BSE 100 TRI | −16.7% | 26-09-2024 | 28-02-2025 | 20-11-2025 | 9 months | −10.4% |
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)
SBI BSE 100 ETF (Regular)
BSE 100 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)
SBI BSE 100 ETF (Regular)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) | 80% | 32% | 6.55% |
| SBI BSE 100 ETF (Regular) | 99% | 100% | 0.03% |
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 SBI BSE 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Multi Asset Allocation Fund, September 2026; SBI BSE 100 ETF, September 2026
Holdings in common
- Overlap
- 35.2%
- Held by both
- 40
- Only in Aditya Birla Sun Life Multi Asset Allocation
- 73
- Only in SBI BSE 100 ETF
- 60
| Security | % of Aditya Birla Sun Life Multi Asset Allocation | % of SBI BSE 100 ETF |
|---|---|---|
| ICICI Bank Ltd. | 3.78% | 7.24% |
| Axis Bank Ltd. | 2.74% | 2.68% |
| Reliance Industries Ltd. | 1.84% | 6.01% |
| Bharti Airtel Ltd. | 1.76% | 4.18% |
| Eternal Ltd. | 1.58% | 1.76% |
| Infosys Ltd. | 1.58% | 2.68% |
| HDFC Bank Ltd. | 1.49% | 8.26% |
| Kotak Mahindra Bank Ltd. | 1.31% | 2.34% |
| Hindustan Unilever Ltd. | 1.34% | 1.28% |
| Larsen & Toubro Ltd. | 1.08% | 3.35% |
| Bajaj Finance Ltd. | 1.05% | 1.96% |
| Hindalco Industries Ltd. | 1.03% | 1.03% |
| State Bank of India | 0.99% | 3.04% |
| Adani Ports and Special Economic Zone Ltd. | 0.95% | 1.07% |
| Mahindra & Mahindra Ltd. | 0.89% | 2.01% |
| Tech Mahindra Ltd. | 1.26% | 0.75% |
| Adani Enterprises Ltd. | 0.85% | 0.75% |
| Shriram Finance Ltd. | 0.72% | 1.04% |
| Ultratech Cement Ltd. | 0.69% | 0.98% |
| NTPC Ltd. | 0.68% | 1.17% |
| Tata Steel Ltd. | 0.63% | 1.16% |
| Bajaj Auto Ltd. | 0.61% | 0.88% |
| Apollo Hospitals Enterprise Ltd. | 0.61% | 0.63% |
| Sun Pharmaceutical Industries Ltd. | 0.54% | 1.50% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.91% | 0.54% |
| Bajaj Finserv Ltd. | 0.52% | 0.74% |
| Avenue Supermarts Ltd. | 1.11% | 0.48% |
| Coforge Ltd. | 1.13% | 0.46% |
| Varun Beverages Ltd. | 1.12% | 0.45% |
| The Indian Hotels Company Ltd. | 0.43% | 0.49% |
| HDFC Life Insurance Company Ltd. | 0.71% | 0.42% |
| ITC Ltd. | 0.41% | 1.94% |
| Oil & Natural Gas Corporation Ltd. | 0.31% | 0.67% |
| United Spirits Ltd. | 0.55% | 0.30% |
| ICICI Lombard General Insurance Company Ltd. | 0.55% | 0.30% |
| PB Fintech Ltd. | 0.84% | 0.29% |
| LTM Ltd. | 0.36% | 0.28% |
| SRF Ltd. | 0.60% | 0.27% |
| Godrej Consumer Products Ltd. | 0.40% | 0.26% |
| Shree Cement Ltd. | 0.30% | 0.22% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 35.2% means 35.2% 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% |
| Sedemac Mechatronics Ltd. | 2.02% |
| Meesho Ltd. | 1.91% |
| Sansera Engineering Ltd. | 1.73% |
Largest holdings only in SBI BSE 100 ETF
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd. | 1.58% |
| Titan Company Ltd. | 1.43% |
| Maruti Suzuki India Ltd. | 1.18% |
| Bharat Electronics Ltd. | 1.07% |
| HCL Technologies Ltd. | 0.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Multi Asset Allocation | SBI BSE 100 ETF |
|---|---|---|
| Equity | 65.2% | 100.0% |
| Debt | 12.3% | 0.0% |
| Cash and others | 22.5% | 0.0% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Multi Asset Allocation | SBI BSE 100 ETF |
|---|---|---|
| Large Cap | 39.0% | 90.2% |
| Mid Cap | 17.3% | 9.7% |
| Small Cap | 8.9% | 0.0% |
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 | SBI BSE 100 ETF |
|---|---|---|
| Banks | 12.4% | 26.7% |
| IT - Software | 4.7% | 7.5% |
| Auto Components | 7.1% | 0.6% |
| Petroleum Products | 2.8% | 6.8% |
| Automobiles | 1.5% | 6.5% |
| Retailing | 6.2% | 3.3% |
| Finance | 3.9% | 5.8% |
| Telecom - Services | 1.8% | 4.5% |
| Pharmaceuticals & Biotechnology | 3.2% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Multi Asset Allocation vs SBI BSE 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Multi Asset Allocation Fund | SBI BSE 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.67% | Not available |
| Base expense ratio (Direct) | 0.51% | 0.00% |
| Total expense ratio (Regular) | 1.78% | 0.16% |
| Base expense ratio (Regular) | 1.49% | 0.12% |
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 Multi Asset Allocation Fund vs SBI BSE 100 ETF: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Multi Asset Allocation Fund and SBI BSE 100 ETF?
Aditya Birla Sun Life Multi Asset Allocation Fund is a Multi Asset fund, SBI BSE 100 ETF is a mutual fund, run by Aditya Birla Sun Life Mutual Fund and SBI Mutual Fund. Their portfolios overlap 35.2%. Aditya Birla Sun Life Multi Asset Allocation Fund charges 0.67% a year and SBI BSE 100 ETF 0.16%.
Which has given higher returns, Aditya Birla Sun Life Multi Asset Allocation Fund or SBI BSE 100 ETF?
Over 1 year: Aditya Birla Sun Life Multi Asset Allocation Fund +4.15%, SBI BSE 100 ETF −9.05%. Over 3 years: Aditya Birla Sun Life Multi Asset Allocation Fund +15.35% a year, SBI BSE 100 ETF +8.78% 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 SBI BSE 100 ETF?
SBI BSE 100 ETF charges less: 0.16% a year against 0.67%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Multi Asset Allocation Fund and SBI BSE 100 ETF overlap?
35.2%. They hold 40 of the same securities, the largest shared ones being ICICIBANK, AXISBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is better for SIP, Aditya Birla Sun Life Multi Asset Allocation Fund or SBI BSE 100 ETF?
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 ₹3,72,729 in SBI BSE 100 ETF (XIRR 0.5% 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 SBI BSE 100 ETF?
Yes. 35.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.