DSP Multi Asset Allocation Fund vs The Wealth Company Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
DSP Multi Asset Allocation Fund and The Wealth Company Multi Asset Allocation Fund are both Multi Asset funds. DSP Multi Asset Allocation Fund charges 0.62% a year and The Wealth Company Multi Asset Allocation Fund 1.23% (Direct plans). Their portfolios overlap 8.8%: they hold 10 of the same securities.
DSP Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.62%
- NAV
- ₹16.05
The Wealth Company Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.23%
- NAV
- ₹10.41
Which is better, DSP Multi Asset Allocation or The Wealth Company 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.
- DSP Multi Asset Allocation costs less: 0.62% a year against 1.23% (Direct plans).
- DSP Multi Asset Allocation fell less in its worst fall since 12-12-2025: −9.7% against −11.0%.
- DSP Multi Asset Allocation holds 11.9% of the fund in foreign stocks; The Wealth Company Multi Asset Allocation 0.0%.
- DSP Multi Asset Allocation holds more in large companies: 28.7% of the fund in large caps against 16.4%.
- DSP Multi Asset Allocation is the larger fund: ₹10,820 Cr against ₹212 Cr.
- Their portfolios overlap 8.8%: 10 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 | The Wealth Company Multi Asset Allocation Fund |
|---|---|---|
| Fund house | DSP Mutual Fund | The Wealth Company Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹10,820 Cr (30-09-2026) | ₹212 Cr (30-09-2026) |
| NAV | ₹16.05 (Direct) | ₹10.41 (Direct) |
| Expense ratio (Direct) | 0.62% | 1.23% |
| Expense ratio (Regular) | 1.58% | 2.84% |
| Riskometer | High | Very High |
| Benchmark | 40% NIFTY500 TRI + 20% NIFTY Composite Debt Index + 15% Domestic Price of Physical Gold (LBMA) + 5% iCOMDEX Composite In | 40% NIFTY 200 TRI + 45% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver |
| Launch date | 27-09-2023 | 09-12-2025 |
| Minimum investment | ₹100 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Aparna Karnik, Shantanu Godambe, Ravi Gehani | Aparna Shanker, Umesh Sharma, Niranjan Das |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 months. | 1% - If redeemed/switched out within 30 days from the date of allotment. Nil - if redeemed/switched out after 30 days from the date of allotment |
DSP Multi Asset Allocation vs The Wealth Company 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 |
|---|---|---|---|---|---|---|---|
| DSP Multi Asset Allocation Fund (Direct) | −1.39% | −3.78% | −2.49% | +4.15% | +17.30% | -- | -- |
| The Wealth Company Multi Asset Allocation Fund (Direct) | −3.15% | −3.00% | −1.43% | -- | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
DSP Multi Asset Allocation vs The Wealth Company Multi Asset Allocation: Year-wise Returns
| Year | DSPDSP Multi Asset Allocation | The Wealth CompanyThe Wealth Company Multi Asset Allocation |
|---|---|---|
| 2026to date | +0.30% | +2.74% |
| 2025 | +24.73% | -- |
| 2024 | +18.12% | -- |
DSP Multi Asset Allocation vs The Wealth Company Multi Asset Allocation: Rolling Returns
Every holding period of both funds
DSP Multi Asset Allocation vs The Wealth Company Multi Asset Allocation: 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) | The Wealth Company Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.60% | +4.07% |
| Standard deviation | 8.47% | 13.24% |
| Sharpe ratio | 1.25 | -0.09 |
| Sortino ratio | 1.73 | -0.12 |
| Maximum drawdown | −9.7% (23-03-2026) | −11.0% (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)
The Wealth Company Multi Asset Allocation Fund (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) | −9.7% | 29-01-2026 | 23-03-2026 | 21-08-2026 | 5 months | −6.2% |
| The Wealth Company Multi Asset Allocation Fund (Direct) | −11.0% | 29-01-2026 | 23-03-2026 | 06-08-2026 | 4 months | −6.6% |
From daily values since 12-12-2025, the first day every fund has.
DSP Multi Asset Allocation vs The Wealth Company Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: DSP Multi Asset Allocation Fund, September 2026; The Wealth Company Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 8.8%
- Held by both
- 10
- Only in DSP Multi Asset Allocation
- 75
- Only in The Wealth Company Multi Asset Allocation
- 61
| Security | % of DSP Multi Asset Allocation | % of The Wealth Company Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 2.79% | 2.31% |
| HDFC Bank Limited | 3.54% | 1.74% |
| State Bank of India | 1.33% | 0.95% |
| Oberoi Realty Limited | 0.77% | 1.10% |
| Tata Motors Limited | 0.77% | 1.05% |
| Page Industries Limited | 0.72% | 1.20% |
| Embassy Office Parks REIT | 1.42% | 0.66% |
| Knowledge Realty Trust | 0.93% | 0.39% |
| Asian Paints Limited | 0.32% | 1.02% |
| HCL Technologies Limited | 0.13% | 1.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 8.8% means 8.8% 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 Gold ETF | 11.65% |
| DSP Nifty 50 Equal Wieght ETF | 5.38% |
| 6.90% GOI 15042065 | 4.08% |
| Axis Bank Limited | 2.98% |
| 6.94% GOI 11052036 | 2.10% |
Largest holdings only in The Wealth Company Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| The Wealth Company Gold ETF Growth | 5.83% |
| 7.64% NABARD 06-DEC-2029 | 3.75% |
| 7.04% SIDBI 09-FEB-2029 | 3.71% |
| 7.68% NABARD 30-APR-2029 | 1.88% |
| 7.3% REC Limited 31-MAY-2028 | 1.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | DSP Multi Asset Allocation | The Wealth Company Multi Asset Allocation |
|---|---|---|
| Equity | 49.5% | 58.3% |
| Debt | 13.7% | 15.4% |
| Cash and others | 36.8% | 26.3% |
Market cap of stocks
| Market cap | DSP Multi Asset Allocation | The Wealth Company Multi Asset Allocation |
|---|---|---|
| Large Cap | 28.7% | 16.4% |
| Mid Cap | 4.4% | 22.3% |
| Small Cap | 4.1% | 14.6% |
| Foreign stocks | 11.9% | 0.0% |
| Not on AMFI's list | 0.5% | 4.9% |
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 | DSP Multi Asset Allocation | The Wealth Company Multi Asset Allocation |
|---|---|---|
| Banks | 10.8% | 6.2% |
| Pharmaceuticals & Biotechnology | 0.9% | 5.5% |
| Capital Markets | 2.4% | 4.0% |
| Auto Components | 2.1% | 4.0% |
| Electrical Equipment | 0.8% | 3.8% |
| Leisure Services | 0.2% | 2.9% |
| Foreign Security | 2.8% | 0.0% |
| Petroleum Products | 2.8% | 0.0% |
| Consumer Durables | 2.5% | 2.3% |
| Automobiles | 2.4% | 1.3% |
| IT - Hardware | 2.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
DSP Multi Asset Allocation vs The Wealth Company Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | DSP Multi Asset Allocation Fund | The Wealth Company Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.62% | 1.23% |
| Base expense ratio (Direct) | 0.37% | 0.35% |
| Total expense ratio (Regular) | 1.58% | 2.84% |
| Base expense ratio (Regular) | 1.18% | 1.81% |
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 DSP Multi Asset Allocation with
Compare The Wealth Company Multi Asset Allocation with
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- The Wealth Company Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
DSP Multi Asset Allocation Fund vs The Wealth Company Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between DSP Multi Asset Allocation Fund and The Wealth Company Multi Asset Allocation Fund?
Both are Multi Asset funds, run by DSP Mutual Fund and The Wealth Company Mutual Fund. Their portfolios overlap 8.8%. DSP Multi Asset Allocation Fund charges 0.62% a year and The Wealth Company Multi Asset Allocation Fund 1.23%.
Which has the lower expense ratio, DSP Multi Asset Allocation Fund or The Wealth Company Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund charges less: 0.62% a year against 1.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do DSP Multi Asset Allocation Fund and The Wealth Company Multi Asset Allocation Fund overlap?
8.8%. They hold 10 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, DSP Multi Asset Allocation Fund or The Wealth Company Multi Asset Allocation Fund?
On SEBI's riskometer, DSP Multi Asset Allocation Fund is rated High and The Wealth Company Multi Asset Allocation Fund Very High. Over their common history, the standard deviation of daily returns was 8.47% and 13.24% a year.
Can I invest in both DSP Multi Asset Allocation Fund and The Wealth Company Multi Asset Allocation Fund?
Yes. 8.8% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages DSP Multi Asset Allocation Fund and The Wealth Company Multi Asset Allocation Fund?
DSP Multi Asset Allocation Fund: Aparna Karnik, Shantanu Godambe, Ravi Gehani. The Wealth Company Multi Asset Allocation Fund: Aparna Shanker, Umesh Sharma, Niranjan Das.
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.