Axis Multi Asset Allocation Fund vs Axis Multi-Asset Omni FOF
Direct Plan, Growth option · Data as on 29-10-2026
Axis Multi Asset Allocation Fund is a Multi Asset fund and Axis Multi-Asset Omni FOF is a Fund of Funds fund. Axis Multi Asset Allocation Fund charges 1.20% a year and Axis Multi-Asset Omni FOF 0.16% (Direct plans). Their portfolios overlap 14.9%: they hold 2 of the same securities.
Axis Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.20%
- NAV
- ₹50.91
Which is better, Axis Multi Asset Allocation 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 1.20% (Direct plans).
- Axis Multi-Asset Omni FOF fell less in its worst fall since 17-12-2025: −11.4% against −12.1%.
- Axis Multi Asset Allocation is the larger fund: ₹2,616 Cr against ₹1,321 Cr.
- Their portfolios overlap 14.9%: 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 Multi Asset Allocation Fund | Axis Multi-Asset Omni FOF |
|---|---|---|
| Fund house | Axis Mutual Fund | Axis Mutual Fund |
| Category | Multi Asset | Fund of Funds |
| AUM | ₹2,616 Cr (30-09-2026) | ₹1,321 Cr (30-09-2026) |
| NAV | ₹50.91 (Direct) | ₹10.45 (Direct) |
| Expense ratio (Direct) | 1.20% | 0.16% |
| Expense ratio (Regular) | 2.27% | 1.31% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI Index (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price o | 45% NIFTY 500 TRI + 45% NIFTY Composite Debt Index + 5% Domestic Price of Physical Gold + 5% Domestic Price of Physical |
| Launch date | 23-08-2010 | 11-12-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Ashish Naik, Devang Shah, Hardik Shah, Aditya Pagaria, Pratik Tibrewal, Krishnaa N, Akhil Thakker | Devang Shah, Aditya Pagaria, Shreyash Devalkar, Mayank Hyanki |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
Axis Multi Asset Allocation 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 |
|---|---|---|---|---|---|---|---|
| Axis Multi Asset Allocation Fund (Direct) | −1.00% | −2.70% | −0.28% | +2.01% | +13.55% | +8.22% | +11.23% |
| Axis Multi-Asset Omni FOF (Direct) | −1.38% | −1.52% | +1.23% | -- | -- | -- | -- |
| 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 Multi Asset Allocation vs Axis Multi-Asset Omni FOF: Year-wise Returns
| Year | Multi Asset AllocationAxis Multi Asset Allocation | Multi-Asset Omni FOFAxis Multi-Asset Omni FOF |
|---|---|---|
| 2026to date | −0.94% | +2.70% |
| 2025 | +16.47% | -- |
| 2024 | +16.48% | -- |
| 2023 | +14.36% | -- |
| 2022 | −4.31% | -- |
| 2021 | +24.87% | -- |
Axis Multi Asset Allocation vs Axis Multi-Asset Omni FOF: Rolling Returns
Every holding period of both funds
Axis Multi Asset Allocation 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 | Axis Multi Asset Allocation Fund (Direct) | Axis Multi-Asset Omni FOF (Direct) |
|---|---|---|
| Return (CAGR) | +10.55% | +4.42% |
| Standard deviation | 10.28% | 12.76% |
| Sharpe ratio | 0.44 | -0.06 |
| Sortino ratio | 0.59 | -0.08 |
| Maximum drawdown | −27.4% (23-03-2020) | −11.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 02-01-2013 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.
Axis Multi Asset Allocation Fund (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 |
|---|---|---|---|---|---|---|
| Axis Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | Not yet | -- | −6.6% |
| Axis Multi-Asset Omni FOF (Direct) | −11.4% | 29-01-2026 | 23-03-2026 | 05-08-2026 | 4 months | −5.6% |
From daily values since 17-12-2025, the first day every fund has.
Axis Multi Asset Allocation vs Axis Multi-Asset Omni FOF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Multi Asset Allocation Fund, September 2026; Axis Multi-Asset Omni FOF, September 2026
Holdings in common
- Overlap
- 14.9%
- Held by both
- 2
- Only in Axis Multi Asset Allocation
- 111
- Only in Axis Multi-Asset Omni FOF
- 15
| Security | % of Axis Multi Asset Allocation | % of Axis Multi-Asset Omni FOF |
|---|---|---|
| Axis Gold ETF | 11.78% | 13.07% |
| Axis Silver ETF | 3.34% | 3.12% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.9% means 14.9% 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 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% |
Largest holdings only in Axis Multi-Asset Omni FOF
| Security | % of fund |
|---|---|
| Axis Large & Mid Cap Fund - Direct Plan - Growth | 11.31% |
| Axis Liquid Fund - Direct Plan - Growth Option | 10.48% |
| 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 | Axis Multi Asset Allocation | Axis Multi-Asset Omni FOF |
|---|---|---|
| Equity | 66.8% | 0.0% |
| Debt | 10.5% | 0.0% |
| Cash and others | 22.7% | 100.0% |
Market cap of stocks
| Market cap | Axis Multi Asset Allocation | Axis Multi-Asset Omni FOF |
|---|---|---|
| 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 Multi Asset Allocation | Axis Multi-Asset Omni FOF |
|---|---|---|
| Banks | 17.1% | 0.0% |
| Pharmaceuticals & Biotechnology | 4.0% | 0.0% |
| Finance | 3.7% | 0.0% |
| IT - Software | 3.5% | 0.0% |
| Telecom - Services | 2.8% | 0.0% |
| Automobiles | 2.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Multi Asset Allocation vs Axis Multi-Asset Omni FOF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Multi Asset Allocation Fund | Axis Multi-Asset Omni FOF |
|---|---|---|
| Total expense ratio (Direct) | 1.20% | 0.16% |
| Base expense ratio (Direct) | 0.65% | 0.12% |
| Total expense ratio (Regular) | 2.27% | 1.31% |
| Base expense ratio (Regular) | 1.57% | 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.
More comparisons
Each fund against the others of its category
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Axis Multi Asset Allocation Fund vs Axis Multi-Asset Omni FOF: Frequently Asked Questions
What is the difference between Axis Multi Asset Allocation Fund and Axis Multi-Asset Omni FOF?
Axis Multi Asset Allocation Fund is a Multi Asset fund, Axis Multi-Asset Omni FOF is a Fund of Funds fund, run by Axis Mutual Fund. Their portfolios overlap 14.9%. Axis Multi Asset Allocation Fund charges 1.20% a year and Axis Multi-Asset Omni FOF 0.16%.
Which has the lower expense ratio, Axis Multi Asset Allocation Fund or Axis Multi-Asset Omni FOF?
Axis Multi-Asset Omni FOF charges less: 0.16% a year against 1.20%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Multi Asset Allocation Fund and Axis Multi-Asset Omni FOF overlap?
14.9%. 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 Multi Asset Allocation Fund or Axis Multi-Asset Omni FOF?
On SEBI's riskometer, Axis Multi Asset Allocation Fund is rated Very High and Axis Multi-Asset Omni FOF Very High. Over their common history, the standard deviation of daily returns was 10.28% and 12.76% a year.
Can I invest in both Axis Multi Asset Allocation Fund and Axis Multi-Asset Omni FOF?
Yes. 14.9% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Multi Asset Allocation Fund and Axis Multi-Asset Omni FOF?
Axis Multi Asset Allocation Fund: Ashish Naik, Devang Shah, Hardik Shah, Aditya Pagaria, Pratik Tibrewal, Krishnaa N, Akhil Thakker. 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.