Baroda BNP Paribas Multi Asset Fund vs Nippon India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Multi Asset Fund and Nippon India Multi Asset Allocation Fund are both Multi Asset funds. In the 3 years to 30-10-2026, Baroda BNP Paribas Multi Asset Fund (Direct) returned 13.3% a year and Nippon India Multi Asset Allocation Fund (Direct) returned 18.0% a year. Baroda BNP Paribas Multi Asset Fund charges 0.89% a year and Nippon India Multi Asset Allocation Fund 0.48% (Direct plans). Their portfolios overlap 29.7%: they hold 23 of the same securities.
Baroda BNP Paribas Multi Asset Fund
Multi Asset
- 3 year return
- 13.3%
- Expense ratio
- 0.89%
- NAV
- ₹16.15
Nippon India Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 18.0%
- Expense ratio
- 0.48%
- NAV
- ₹25.81
Which is better, Baroda BNP Paribas Multi Asset or Nippon India 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.
- Nippon India Multi Asset Allocation returned more over 3 years: 18.0% a year against 13.3%.
- Nippon India Multi Asset Allocation returned more over 1 year: 3.0% against −0.3%.
- Nippon India Multi Asset Allocation costs less: 0.48% a year against 0.89% (Direct plans).
- Nippon India Multi Asset Allocation swung less over 3 years: a standard deviation of 10.0% a year against 10.8%.
- Nippon India Multi Asset Allocation fell less in its worst fall since 26-12-2022: −10.8% against −11.9%.
- Nippon India Multi Asset Allocation holds 4.5% of the fund in foreign stocks; Baroda BNP Paribas Multi Asset 0.0%.
- Nippon India Multi Asset Allocation is the larger fund: ₹18,044 Cr against ₹1,398 Cr.
- Their portfolios overlap 29.7%: 23 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 | Baroda BNP Paribas Multi Asset Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Nippon India Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹1,398 Cr (30-09-2026) | ₹18,044 Cr (30-09-2026) |
| NAV | ₹16.15 (Direct) | ₹25.81 (Direct) |
| Expense ratio (Direct) | 0.89% | 0.48% |
| Expense ratio (Regular) | 2.04% | 1.44% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Baroda BNP Paribas Multi Asset vs Nippon India 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Multi Asset Fund (Direct) | −1.53% | −4.77% | −3.91% | −0.27% | +13.33% | -- | -- |
| Nippon India Multi Asset Allocation Fund (Direct) | −2.06% | −3.53% | −1.74% | +3.05% | +17.96% | +13.83% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Baroda BNP Paribas Multi Asset vs Nippon India Multi Asset Allocation: Year-wise Returns
| Year | Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset | Nippon India Multi Asset AllocationNippon India Multi Asset Allocation |
|---|---|---|
| 2026to date | −2.74% | +0.43% |
| 2025 | +15.03% | +20.96% |
| 2024 | +15.91% | +20.14% |
| 2023 | +24.70% | +25.92% |
| 2022 | -- | +4.63% |
| 2021 | -- | +21.10% |
Baroda BNP Paribas Multi Asset vs Nippon India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 207 of them, one for each trading day from 26-12-2025 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.
Baroda BNP Paribas Multi Asset Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
to
Jan 2026Mar 2023
to
Mar 2026May 2023
to
May 2026Jun 2023
to
Jun 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Multi Asset | 0.0 | 0.0 | 0.0 | 16.9 | 83.1 | 0.0 | 0.0 | 16.9% | 17.0% | 12.6% | 20.0% |
| Nippon India Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 0.0 | 28.8 | 71.2 | 0.0 | 20.9% | 20.8% | 17.3% | 24.5% |
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. Every fund is measured over the days all of them have, from 26-12-2022. Past returns do not promise future returns.
Baroda BNP Paribas Multi Asset vs Nippon India Multi Asset Allocation: 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 26-12-2022 to 30-10-2026: 47 instalments, ₹4,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset Fund (Direct) | ₹4,70,000 | ₹5,64,135 | ₹94,135 | 9.3% |
| Nippon India Multi Asset AllocationNippon India Multi Asset Allocation Fund (Direct) | ₹4,70,000 | ₹6,13,896 | ₹1,43,896 | 13.7% |
Baroda BNP Paribas Multi AssetBaroda BNP Paribas Multi Asset Fund (Direct)
Nippon India Multi Asset AllocationNippon India Multi Asset Allocation 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.
Baroda BNP Paribas Multi Asset vs Nippon India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Multi Asset Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.27% | +3.05% |
| Standard deviation | 12.16% | 11.30% |
| Sharpe ratio | -0.45 | -0.19 |
| Sortino ratio | -0.61 | -0.26 |
| Maximum drawdown | −10.3% (23-03-2026) | −10.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Baroda BNP Paribas Multi Asset Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.33% | +17.96% |
| Standard deviation | 10.85% | 10.00% |
| Sharpe ratio | 0.67 | 1.19 |
| Sortino ratio | 0.93 | 1.63 |
| Maximum drawdown | −11.9% (28-02-2025) | −10.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 | Baroda BNP Paribas Multi Asset Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.35% | +16.79% |
| Standard deviation | 9.96% | 9.40% |
| Sharpe ratio | 0.72 | 1.22 |
| Sortino ratio | 0.99 | 1.70 |
| Maximum drawdown | −11.9% (28-02-2025) | −10.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 26-12-2022 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.
Baroda BNP Paribas Multi Asset Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Multi Asset Fund (Direct) | −11.9% | 27-09-2024 | 28-02-2025 | 26-06-2025 | 4 months | −7.6% |
| Nippon India Multi Asset Allocation Fund (Direct) | −10.8% | 29-01-2026 | 23-03-2026 | 06-08-2026 | 4 months | −7.0% |
From daily values since 26-12-2022, 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.
Baroda BNP Paribas Multi Asset Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
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.
Baroda BNP Paribas Multi Asset Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
Baroda BNP Paribas Multi Asset vs Nippon India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Multi Asset Fund, September 2026; Nippon India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 29.7%
- Held by both
- 23
- Only in Baroda BNP Paribas Multi Asset
- 45
- Only in Nippon India Multi Asset Allocation
- 140
| Security | % of Baroda BNP Paribas Multi Asset | % of Nippon India Multi Asset Allocation |
|---|---|---|
| Nippon India ETF Gold Bees | 7.91% | 7.94% |
| ICICI Bank Limited | 4.60% | 3.44% |
| HDFC Bank Limited | 4.24% | 3.25% |
| State Bank of India | 1.67% | 1.69% |
| Eternal Limited | 2.14% | 1.65% |
| Reliance Industries Limited | 3.82% | 1.49% |
| Infosys Limited | 1.66% | 1.35% |
| Kotak Mahindra Bank Limited | 1.61% | 1.16% |
| NTPC Limited | 1.21% | 1.14% |
| LG Electronics India Ltd | 0.89% | 0.96% |
| Varun Beverages Limited | 0.86% | 1.05% |
| Titan Company Limited | 0.80% | 0.81% |
| Sun Pharmaceutical Industries Limited | 1.64% | 0.75% |
| Bharti Airtel Limited | 2.49% | 0.61% |
| Hindustan Unilever Limited | 0.60% | 1.33% |
| Indus Infra Trust | 1.03% | 0.42% |
| Bajaj Finance Limited | 1.24% | 0.40% |
| United Spirits Limited | 0.96% | 0.34% |
| Grasim Industries Limited | 1.18% | 0.31% |
| PB Fintech Limited | 0.65% | 0.24% |
| NLC India Limited | 1.52% | 0.17% |
| Persistent Systems Limited | 0.78% | 0.15% |
| Raajmarg Infra Investment Trust | 0.09% | 0.23% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 29.7% means 29.7% 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 Baroda BNP Paribas Multi Asset Fund
| Security | % of fund |
|---|---|
| Baroda BNP Paribas Gold ETF-RG | 7.18% |
| Hitachi Energy India Limited | 3.85% |
| Larsen & Toubro Limited | 3.51% |
| Linde India Limited | 1.87% |
| 7.44% REC Limited (29/02/2028) | 1.78% |
Largest holdings only in Nippon India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India Silver ETF | 2.70% |
| Axis Bank Limited | 2.42% |
| Mahindra & Mahindra Limited | 1.44% |
| Info Edge (India) Limited | 1.42% |
| Hindustan Aeronautics Limited | 1.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Multi Asset | Nippon India Multi Asset Allocation |
|---|---|---|
| Equity | 70.2% | 62.0% |
| Debt | 10.4% | 18.6% |
| Cash and others | 19.3% | 19.3% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Multi Asset | Nippon India Multi Asset Allocation |
|---|---|---|
| Large Cap | 47.1% | 40.1% |
| Mid Cap | 16.3% | 10.3% |
| Small Cap | 5.5% | 7.0% |
| Foreign stocks | 0.0% | 4.5% |
| Not on AMFI's list | 1.4% | 0.2% |
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 | Baroda BNP Paribas Multi Asset | Nippon India Multi Asset Allocation |
|---|---|---|
| Banks | 14.7% | 12.3% |
| Retailing | 2.1% | 6.6% |
| Electrical Equipment | 5.5% | 1.1% |
| Other | 0.0% | 4.5% |
| IT - Software | 4.2% | 2.2% |
| Petroleum Products | 3.8% | 1.7% |
| Pharmaceuticals & Biotechnology | 3.7% | 1.7% |
| Construction | 3.5% | 0.0% |
| Finance | 2.0% | 3.1% |
| Consumer Durables | 1.7% | 3.0% |
| Automobiles | 2.1% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Multi Asset vs Nippon India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Multi Asset Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.89% | 0.48% |
| Base expense ratio (Direct) | 0.73% | 0.30% |
| Total expense ratio (Regular) | 2.04% | 1.44% |
| Base expense ratio (Regular) | 1.71% | 1.14% |
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 Baroda BNP Paribas Multi Asset with
Compare Nippon India Multi Asset Allocation with
Baroda BNP Paribas Multi Asset Fund vs Nippon India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Multi Asset Fund and Nippon India Multi Asset Allocation Fund?
Both are Multi Asset funds, run by Baroda BNP Paribas Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 29.7%. Baroda BNP Paribas Multi Asset Fund charges 0.89% a year and Nippon India Multi Asset Allocation Fund 0.48%.
Which has given higher returns, Baroda BNP Paribas Multi Asset Fund or Nippon India Multi Asset Allocation Fund?
Over 1 year: Baroda BNP Paribas Multi Asset Fund −0.27%, Nippon India Multi Asset Allocation Fund +3.05%. Over 3 years: Baroda BNP Paribas Multi Asset Fund +13.33% a year, Nippon India Multi Asset Allocation Fund +17.96% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Multi Asset Fund or Nippon India Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund charges less: 0.48% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Multi Asset Fund and Nippon India Multi Asset Allocation Fund overlap?
29.7%. They hold 23 of the same securities, the largest shared ones being GOLDBEES, ICICIBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Multi Asset Fund or Nippon India Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,07,689 in Baroda BNP Paribas Multi Asset Fund (XIRR 6.2% a year) and ₹4,38,216 in Nippon India Multi Asset Allocation Fund (XIRR 11.0% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Multi Asset Fund and Nippon India Multi Asset Allocation Fund?
Yes. 29.7% 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.