AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF
Direct Plan, Growth option · Data as on 29-10-2026
AlphaGrep Liquid Omni FOF is a Fund of Funds fund and Axis Multi-Asset Omni FOF is a Fund of Funds fund. AlphaGrep Liquid Omni FOF charges 0.20% a year and Axis Multi-Asset Omni FOF 0.16% (Direct plans). Their portfolios overlap 10.5%: they hold 1 of the same security.
Which is better, AlphaGrep Liquid Omni FOF or Axis Multi-Asset Omni FOF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Axis Multi-Asset Omni FOF costs less: 0.16% a year against 0.20% (Direct plans).
- AlphaGrep Liquid Omni FOF fell less in its worst fall since 10-08-2026: −0.0% against −7.5%.
- Axis Multi-Asset Omni FOF is the larger fund: ₹1,321 Cr against ₹15 Cr.
- Their portfolios overlap 10.5%: 1 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 | AlphaGrep Liquid Omni FOF | Axis Multi-Asset Omni FOF |
|---|---|---|
| Fund house | AlphaGrep Mutual Fund | Axis Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹15 Cr (30-09-2026) | ₹1,321 Cr (30-09-2026) |
| NAV | ₹1,012.86 (Direct) | ₹10.45 (Direct) |
| Expense ratio (Direct) | 0.20% | 0.16% |
| Expense ratio (Regular) | 0.38% | 1.31% |
| Riskometer | Low to Moderate | Very High |
| Benchmark | NIFTY Liquid Index A-I | 45% NIFTY 500 TRI + 45% NIFTY Composite Debt Index + 5% Domestic Price of Physical Gold + 5% Domestic Price of Physical |
| Launch date | 07-08-2026 | 11-12-2025 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Ashish Jain | Devang Shah, Aditya Pagaria, Shreyash Devalkar, Mayank Hyanki |
| Exit load | Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF: Returns Comparison
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| AlphaGrep Liquid Omni FOF (Direct) | +0.43% | -- | -- | -- | -- | -- | -- |
| Axis Multi-Asset Omni FOF (Direct) | −1.38% | −1.52% | +1.23% | -- | -- | -- | -- |
AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF: Year-wise Returns
| Year | AlphaGrep LiquidAlphaGrep Liquid Omni FOF | Axis Multi-AssetAxis Multi-Asset Omni FOF |
|---|---|---|
| 2026to date | -- | +2.70% |
AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF: Rolling Returns
Every holding period of both funds
AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | AlphaGrep Liquid Omni FOF (Direct) | Axis Multi-Asset Omni FOF (Direct) |
|---|---|---|
| Return (CAGR) | +5.60% | +4.42% |
| Standard deviation | 0.24% | 12.76% |
| Sharpe ratio | 1.81 | -0.06 |
| Sortino ratio | 3.27 | -0.08 |
| Maximum drawdown | −0.0% (22-10-2026) | −11.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 10-08-2026 to 29-10-2026. 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.
AlphaGrep Liquid Omni FOF (Direct)
Axis Multi-Asset Omni FOF (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| AlphaGrep Liquid Omni FOF (Direct) | −0.0% | 21-10-2026 | 22-10-2026 | 26-10-2026 | 4 days | 0.0% |
| Axis Multi-Asset Omni FOF (Direct) | −7.5% | 26-08-2026 | 23-10-2026 | Not yet | -- | −5.6% |
From daily values since 10-08-2026, the first day every fund has.
AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF: Portfolio Overlap
From each fund's latest monthly portfolio: AlphaGrep Liquid Omni FOF, September 2026; Axis Multi-Asset Omni FOF, September 2026
Holdings in common
- Overlap
- 10.5%
- Held by both
- 1
- Only in AlphaGrep Liquid Omni FOF
- 9
- Only in Axis Multi-Asset Omni FOF
- 16
| Security | % of AlphaGrep Liquid Omni FOF | % of Axis Multi-Asset Omni FOF |
|---|---|---|
| Axis Liquid Fund - Direct Plan - Growth Option | 22.04% | 10.48% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.5% means 10.5% 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 AlphaGrep Liquid Omni FOF
| Security | % of fund |
|---|---|
| Mirae Asset Liquid Fund - Direct Plan - Growth | 51.20% |
| Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan | 5.66% |
| Invesco India Liquid Fund - Direct Plan - Growth | 4.05% |
| ICICI Prudential BSE Liquid Rate ETF - Growth | 3.92% |
| Nippon India Nifty 1D Rate Liquid ETF-Growth | 3.14% |
Largest holdings only in Axis Multi-Asset Omni FOF
| Security | % of fund |
|---|---|
| Axis Gold ETF | 13.07% |
| Axis Large & Mid Cap Fund - Direct Plan - Growth | 11.31% |
| Axis Medium Term Fund-Direct Plan-Growth Option | 9.60% |
| Axis Value Fund - Direct Plan - Growth | 8.95% |
| ICICI Prudential Banking and Financial Services Fund - Direct Plan - Growth | 8.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | AlphaGrep Liquid Omni FOF | Axis Multi-Asset Omni FOF |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.3% | 0.0% |
| Cash and others | 99.7% | 100.0% |
AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | AlphaGrep Liquid Omni FOF | Axis Multi-Asset Omni FOF |
|---|---|---|
| Total expense ratio (Direct) | 0.20% | 0.16% |
| Base expense ratio (Direct) | 0.09% | 0.12% |
| Total expense ratio (Regular) | 0.38% | 1.31% |
| Base expense ratio (Regular) | 0.24% | 1.12% |
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.
AlphaGrep Liquid Omni FOF vs Axis Multi-Asset Omni FOF: Frequently Asked Questions
What is the difference between AlphaGrep Liquid Omni FOF and Axis Multi-Asset Omni FOF?
AlphaGrep Liquid Omni FOF is a Fund of Funds fund, Axis Multi-Asset Omni FOF is a Fund of Funds fund, run by AlphaGrep Mutual Fund and Axis Mutual Fund. Their portfolios overlap 10.5%. AlphaGrep Liquid Omni FOF charges 0.20% a year and Axis Multi-Asset Omni FOF 0.16%.
Which has the lower expense ratio, AlphaGrep Liquid Omni FOF or Axis Multi-Asset Omni FOF?
Axis Multi-Asset Omni FOF charges less: 0.16% a year against 0.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do AlphaGrep Liquid Omni FOF and Axis Multi-Asset Omni FOF overlap?
10.5%. They hold 1 of the same securities, the largest shared ones being Axis Liquid Fund - Direct Plan - Growth Option. From each fund's latest monthly portfolio.
Which is riskier, AlphaGrep Liquid Omni FOF or Axis Multi-Asset Omni FOF?
On SEBI's riskometer, AlphaGrep Liquid Omni FOF is rated Low to Moderate and Axis Multi-Asset Omni FOF Very High. Over their common history, the standard deviation of daily returns was 0.24% and 12.76% a year.
Can I invest in both AlphaGrep Liquid Omni FOF and Axis Multi-Asset Omni FOF?
Yes. 10.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages AlphaGrep Liquid Omni FOF and Axis Multi-Asset Omni FOF?
AlphaGrep Liquid Omni FOF: Ashish Jain. Axis Multi-Asset Omni FOF: Devang Shah, Aditya Pagaria, Shreyash Devalkar, Mayank Hyanki.
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.