Axis Gold and Silver Passive FoF vs Axis Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Gold and Silver Passive FoF is a Fund of Funds fund and Axis Multi Asset Allocation Fund is a Multi Asset fund. Axis Gold and Silver Passive FoF charges 0.12% a year and Axis Multi Asset Allocation Fund 1.20% (Direct plans). Their portfolios overlap 15.1%: they hold 2 of the same securities.
Axis Gold and Silver Passive FoF
Fund of Funds
- Expense ratio
- 0.12%
- NAV
- ₹9.43
Axis Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.20%
- NAV
- ₹50.91
Which is better, Axis Gold and Silver Passive FoF or Axis 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.
- Axis Gold and Silver Passive FoF costs less: 0.12% a year against 1.20% (Direct plans).
- Axis Multi Asset Allocation fell less in its worst fall since 01-01-2026: −12.1% against −34.7%.
- Axis Multi Asset Allocation is the larger fund: ₹2,616 Cr against ₹551 Cr.
- Their portfolios overlap 15.1%: 2 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 | Axis Gold and Silver Passive FoF | Axis Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Axis Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹551 Cr (30-09-2026) | ₹2,616 Cr (30-09-2026) |
| NAV | ₹9.43 (Direct) | ₹50.91 (Direct) |
| Expense ratio (Direct) | 0.12% | 1.20% |
| Expense ratio (Regular) | 0.58% | 2.27% |
| Riskometer | Very High | Very High |
| Benchmark | Domestic Price of Gold and Domestic Price of Silver (50:50) | Nifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price o |
| Launch date | 29-12-2025 | 23-08-2010 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Pratik Tibrewal, Aditya Pagaria | Ashish Naik, Devang Shah, Hardik Shah, Aditya Pagaria, Pratik Tibrewal, Krishnaa N, Akhil Thakker |
| Exit load | Exit load of 0.25%, if redeemed within 15 days. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
Axis Gold and Silver Passive FoF vs Axis 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 |
|---|---|---|---|---|---|---|---|
| Axis Gold and Silver Passive FoF (Direct) | −10.87% | −8.51% | −14.65% | -- | -- | -- | -- |
| Axis Multi Asset Allocation Fund (Direct) | −1.00% | −2.70% | −0.28% | +2.01% | +13.55% | +8.22% | +11.23% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | +12.92% |
Category average: the average of the 37 Multi Asset funds, same plan type.
Axis Gold and Silver Passive FoF vs Axis Multi Asset Allocation: Year-wise Returns
| Year | Gold and Silver Passive FoFAxis Gold and Silver Passive FoF | Multi Asset AllocationAxis Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | −0.94% |
| 2025 | -- | +16.47% |
| 2024 | -- | +16.48% |
| 2023 | -- | +14.36% |
| 2022 | -- | −4.31% |
| 2021 | -- | +24.87% |
Axis Gold and Silver Passive FoF vs Axis Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Axis Gold and Silver Passive FoF vs Axis Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Gold and Silver Passive FoF (Direct) | Axis Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.76% | +10.55% |
| Standard deviation | 45.14% | 10.28% |
| Sharpe ratio | -0.29 | 0.44 |
| Sortino ratio | -0.37 | 0.59 |
| Maximum drawdown | −34.7% (30-10-2026) | −27.4% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2026 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.
Axis Gold and Silver Passive FoF (Direct)
Axis Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Gold and Silver Passive FoF (Direct) | −34.7% | 29-01-2026 | 30-10-2026 | Not yet | -- | −34.7% |
| Axis Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | Not yet | -- | −6.6% |
From daily values since 01-01-2026, the first day every fund has.
Axis Gold and Silver Passive FoF vs Axis Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Gold and Silver Passive FoF, September 2026; Axis Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 15.1%
- Held by both
- 2
- Only in Axis Gold and Silver Passive FoF
- 0
- Only in Axis Multi Asset Allocation
- 111
| Security | % of Axis Gold and Silver Passive FoF | % of Axis Multi Asset Allocation |
|---|---|---|
| Axis Gold ETF | 58.68% | 11.78% |
| Axis Silver ETF | 41.33% | 3.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 15.1% means 15.1% 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 Axis Gold and Silver Passive FoF
Every holding of this fund is also held by the other.
Largest holdings only in Axis Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| ICICI Bank Limited | 5.57% |
| HDFC Bank Limited | 4.23% |
| Bharti Airtel Limited | 2.79% |
| Axis Bank Limited | 2.60% |
| Reliance Industries Limited | 2.48% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Gold and Silver Passive FoF | Axis Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 66.8% |
| Debt | 0.0% | 10.5% |
| Cash and others | 100.0% | 22.7% |
Market cap of stocks
| Market cap | Axis Gold and Silver Passive FoF | Axis Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 43.6% |
| Mid Cap | -- | 12.6% |
| Small Cap | -- | 8.7% |
| Not on AMFI's list | -- | 1.9% |
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 | Axis Gold and Silver Passive FoF | Axis Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 17.1% |
| Pharmaceuticals & Biotechnology | 0.0% | 4.0% |
| Finance | 0.0% | 3.7% |
| IT - Software | 0.0% | 3.5% |
| Telecom - Services | 0.0% | 2.8% |
| Automobiles | 0.0% | 2.6% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Gold and Silver Passive FoF vs Axis Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Gold and Silver Passive FoF | Axis Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.12% | 1.20% |
| Base expense ratio (Direct) | 0.09% | 0.65% |
| Total expense ratio (Regular) | 0.58% | 2.27% |
| Base expense ratio (Regular) | 0.49% | 1.57% |
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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Axis Gold and Silver Passive FoF vs Axis Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Axis Gold and Silver Passive FoF and Axis Multi Asset Allocation Fund?
Axis Gold and Silver Passive FoF is a Fund of Funds fund, Axis Multi Asset Allocation Fund is a Multi Asset fund, run by Axis Mutual Fund. Their portfolios overlap 15.1%. Axis Gold and Silver Passive FoF charges 0.12% a year and Axis Multi Asset Allocation Fund 1.20%.
Which has the lower expense ratio, Axis Gold and Silver Passive FoF or Axis Multi Asset Allocation Fund?
Axis Gold and Silver Passive FoF charges less: 0.12% a year against 1.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Gold and Silver Passive FoF and Axis Multi Asset Allocation Fund overlap?
15.1%. They hold 2 of the same securities, the largest shared ones being GOLDAXIS, SILVERAXIS. From each fund's latest monthly portfolio.
Which is riskier, Axis Gold and Silver Passive FoF or Axis Multi Asset Allocation Fund?
On SEBI's riskometer, Axis Gold and Silver Passive FoF is rated Very High and Axis Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 45.14% and 10.28% a year.
Can I invest in both Axis Gold and Silver Passive FoF and Axis Multi Asset Allocation Fund?
Yes. 15.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Gold and Silver Passive FoF and Axis Multi Asset Allocation Fund?
Axis Gold and Silver Passive FoF: Pratik Tibrewal, Aditya Pagaria. Axis Multi Asset Allocation Fund: Ashish Naik, Devang Shah, Hardik Shah, Aditya Pagaria, Pratik Tibrewal, Krishnaa N, Akhil Thakker.
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.