DSP Multi Asset Allocation Fund vs DSP Multi Asset Omni Fund of Funds
Direct Plan, Growth option · Data as on 29-10-2026
DSP Multi Asset Allocation Fund is a Multi Asset fund and DSP Multi Asset Omni Fund of Funds is a mutual fund. DSP Multi Asset Allocation Fund charges 0.62% a year and DSP Multi Asset Omni Fund of Funds 0.52% (Direct plans). Their portfolios overlap 10.0%: they hold 1 of the same security.
DSP Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.62%
- NAV
- ₹16.05
Which is better, DSP Multi Asset Allocation or DSP Multi Asset Omni Fund of Funds? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- DSP Multi Asset Omni Fund of Funds costs less: 0.52% a year against 0.62% (Direct plans).
- DSP Multi Asset Omni Fund of Funds fell less in its worst fall since 26-02-2026: −6.6% against −8.0%.
- DSP Multi Asset Allocation holds 11.9% of the fund in foreign stocks; DSP Multi Asset Omni Fund of Funds 0.0%.
- DSP Multi Asset Allocation is the larger fund: ₹10,820 Cr against ₹866 Cr.
- Their portfolios overlap 10.0%: 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 | DSP Multi Asset Allocation Fund | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Fund house | DSP Mutual Fund | DSP Mutual Fund |
| Category | Multi Asset | Not available |
| AUM | ₹10,820 Cr (30-09-2026) | ₹866 Cr (30-09-2026) |
| NAV | ₹16.05 (Direct) | ₹9.91 (Direct) |
| Expense ratio (Direct) | 0.62% | 0.52% |
| Expense ratio (Regular) | 1.58% | 1.25% |
| Riskometer | High | Not available |
| Benchmark | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In | Not available |
| Launch date | 27-09-2023 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Aparna Karnik, Shantanu Godambe, Ravi Gehani | Not available |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | Not available |
DSP Multi Asset Allocation vs DSP Multi Asset Omni Fund of Funds: 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 |
|---|---|---|---|---|---|---|---|
| DSP Multi Asset Allocation Fund (Direct) | −1.39% | −3.78% | −2.49% | +4.15% | +17.30% | -- | -- |
| DSP Multi Asset Omni Fund of Funds (Direct) | +1.90% | −2.05% | +0.56% | -- | -- | -- | -- |
| 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.
DSP Multi Asset Allocation vs DSP Multi Asset Omni Fund of Funds: Year-wise Returns
| Year | AllocationDSP Multi Asset Allocation | Omni Fund of FundsDSP Multi Asset Omni Fund of Funds |
|---|---|---|
| 2026to date | +0.30% | -- |
| 2025 | +24.73% | -- |
| 2024 | +18.12% | -- |
DSP Multi Asset Allocation vs DSP Multi Asset Omni Fund of Funds: Rolling Returns
Every holding period of both funds
DSP Multi Asset Allocation vs DSP Multi Asset Omni Fund of Funds: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | DSP Multi Asset Allocation Fund (Direct) | DSP Multi Asset Omni Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +16.60% | −1.71% |
| Standard deviation | 8.47% | 9.81% |
| Sharpe ratio | 1.25 | -0.71 |
| Sortino ratio | 1.73 | -0.95 |
| Maximum drawdown | −9.7% (23-03-2026) | −6.6% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-09-2023 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.
DSP Multi Asset Allocation Fund (Direct)
DSP Multi Asset Omni Fund of Funds (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| DSP Multi Asset Allocation Fund (Direct) | −8.0% | 02-03-2026 | 23-03-2026 | 26-05-2026 | 2 months | −6.2% |
| DSP Multi Asset Omni Fund of Funds (Direct) | −6.6% | 26-02-2026 | 23-03-2026 | 07-07-2026 | 3 months | −3.6% |
From daily values since 26-02-2026, the first day every fund has.
DSP Multi Asset Allocation vs DSP Multi Asset Omni Fund of Funds: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Multi Asset Allocation Fund, September 2026; DSP Multi Asset Omni Fund of Funds, September 2026
Holdings in common
- Overlap
- 10.0%
- Held by both
- 1
- Only in DSP Multi Asset Allocation
- 84
- Only in DSP Multi Asset Omni Fund of Funds
- 13
| Security | % of DSP Multi Asset Allocation | % of DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| DSP Gold ETF | 11.65% | 10.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.0% means 10.0% 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 DSP Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| DSP Nifty 50 Equal Wieght ETF | 5.38% |
| 6.90% GOI 15042065 | 4.08% |
| HDFC Bank Limited | 3.54% |
| Axis Bank Limited | 2.98% |
| ICICI Bank Limited | 2.79% |
Largest holdings only in DSP Multi Asset Omni Fund of Funds
| Security | % of fund |
|---|---|
| DSP Gilt Fund | 17.46% |
| DSP Nifty IT ETF | 13.91% |
| DSP Nifty Private Bank ETF | 12.08% |
| Nippon India Large Cap Fund | 10.32% |
| DSP Large Cap Fund | 10.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Multi Asset Allocation | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Equity | 49.5% | 0.0% |
| Debt | 13.7% | 0.0% |
| Cash and others | 36.8% | 100.0% |
Market cap of stocks
| Market cap | DSP Multi Asset Allocation | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Large Cap | 28.7% | -- |
| Mid Cap | 4.4% | -- |
| Small Cap | 4.1% | -- |
| Foreign stocks | 11.9% | -- |
| Not on AMFI's list | 0.5% | -- |
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 | DSP Multi Asset Allocation | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Banks | 10.8% | 0.0% |
| Foreign Security | 2.8% | 0.0% |
| Petroleum Products | 2.8% | 0.0% |
| Consumer Durables | 2.5% | 0.0% |
| Automobiles | 2.4% | 0.0% |
| IT - Hardware | 2.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Multi Asset Allocation vs DSP Multi Asset Omni Fund of Funds: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Multi Asset Allocation Fund | DSP Multi Asset Omni Fund of Funds |
|---|---|---|
| Total expense ratio (Direct) | 0.62% | 0.52% |
| Base expense ratio (Direct) | 0.37% | 0.48% |
| Total expense ratio (Regular) | 1.58% | 1.25% |
| Base expense ratio (Regular) | 1.18% | 1.11% |
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
DSP Multi Asset Allocation Fund vs DSP Multi Asset Omni Fund of Funds: Frequently Asked Questions
What is the difference between DSP Multi Asset Allocation Fund and DSP Multi Asset Omni Fund of Funds?
DSP Multi Asset Allocation Fund is a Multi Asset fund, DSP Multi Asset Omni Fund of Funds is a mutual fund, run by DSP Mutual Fund. Their portfolios overlap 10.0%. DSP Multi Asset Allocation Fund charges 0.62% a year and DSP Multi Asset Omni Fund of Funds 0.52%.
Which has the lower expense ratio, DSP Multi Asset Allocation Fund or DSP Multi Asset Omni Fund of Funds?
DSP Multi Asset Omni Fund of Funds charges less: 0.52% a year against 0.62%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Multi Asset Allocation Fund and DSP Multi Asset Omni Fund of Funds overlap?
10.0%. They hold 1 of the same securities, the largest shared ones being GOLDADD. From each fund's latest monthly portfolio.
Can I invest in both DSP Multi Asset Allocation Fund and DSP Multi Asset Omni Fund of Funds?
Yes. 10.0% 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.