Groww Multi Asset Allocation Fund vs Nippon India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund are both Multi Asset funds. In the year to 30-10-2026, Groww Multi Asset Allocation Fund (Direct) returned −0.8% and Nippon India Multi Asset Allocation Fund (Direct) returned 3.0%. Groww Multi Asset Allocation Fund charges 1.01% a year and Nippon India Multi Asset Allocation Fund 0.48% (Direct plans). Their portfolios overlap 25.6%: they hold 30 of the same securities.
Groww Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −0.8%
- Expense ratio
- 1.01%
- NAV
- ₹10.01
Nippon India Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 3.0%
- Expense ratio
- 0.48%
- NAV
- ₹25.81
Which is better, Groww Multi Asset Allocation 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 1 year: 3.0% against −0.8%.
- Nippon India Multi Asset Allocation costs less: 0.48% a year against 1.01% (Direct plans).
- Nippon India Multi Asset Allocation fell less in its worst fall since 03-10-2025: −10.8% against −12.4%.
- Nippon India Multi Asset Allocation holds 4.5% of the fund in foreign stocks; Groww Multi Asset Allocation 0.0%.
- Nippon India Multi Asset Allocation is the larger fund: ₹18,044 Cr against ₹373 Cr.
- Their portfolios overlap 25.6%: 30 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 | Groww Multi Asset Allocation Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Nippon India Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹373 Cr (30-09-2026) | ₹18,044 Cr (30-09-2026) |
| NAV | ₹10.01 (Direct) | ₹25.81 (Direct) |
| Expense ratio (Direct) | 1.01% | 0.48% |
| Expense ratio (Regular) | 2.66% | 1.44% |
| Riskometer | Very High | Not available |
| Benchmark | 60% Nifty 500 TRI + 30% CRISIL Composite Bond Fund Index + 5% Domestic Gold Prices + 5% Domestic Silver Prices | Not available |
| Launch date | 30-09-2025 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | None | Not available |
| Fund managers | Paras Matalia, Kaustubh Sule, Nikhil Satam, Wilfred Gonsalves | Not available |
| Exit load | Exit load of 1%, if redeemed within 30 days. | Not available |
Groww Multi Asset Allocation 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 |
|---|---|---|---|---|---|---|---|
| Groww Multi Asset Allocation Fund (Direct) | −0.33% | −2.86% | −1.62% | −0.80% | -- | -- | -- |
| 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.
Groww Multi Asset Allocation vs Nippon India Multi Asset Allocation: Year-wise Returns
| Year | GrowwGroww Multi Asset Allocation | Nippon IndiaNippon India Multi Asset Allocation |
|---|---|---|
| 2026to date | −3.73% | +0.43% |
| 2025 | -- | +20.96% |
| 2024 | -- | +20.14% |
| 2023 | -- | +25.92% |
| 2022 | -- | +4.63% |
| 2021 | -- | +21.10% |
Groww Multi Asset Allocation vs Nippon India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Groww Multi Asset Allocation 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 03-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Multi Asset AllocationGroww Multi Asset Allocation Fund (Direct) | ₹1,30,000 | ₹1,27,503 | −₹2,497 | −3.3% |
| Nippon India Multi Asset AllocationNippon India Multi Asset Allocation Fund (Direct) | ₹1,30,000 | ₹1,29,469 | −₹531 | −0.7% |
Groww Multi Asset AllocationGroww Multi Asset Allocation 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.
Groww Multi Asset Allocation 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 | Groww Multi Asset Allocation Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.80% | +3.05% |
| Standard deviation | 12.23% | 11.30% |
| Sharpe ratio | -0.49 | -0.19 |
| Sortino ratio | -0.65 | -0.26 |
| Maximum drawdown | −12.4% (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 | Groww Multi Asset Allocation Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −0.08% | +16.79% |
| Standard deviation | 11.85% | 9.40% |
| Sharpe ratio | -0.45 | 1.22 |
| Sortino ratio | -0.60 | 1.70 |
| Maximum drawdown | −12.4% (23-03-2026) | −10.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-10-2025 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.
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.
Groww Multi Asset Allocation 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 |
|---|---|---|---|---|---|---|
| Groww Multi Asset Allocation Fund (Direct) | −12.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −7.8% |
| 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 03-10-2025, 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.
Groww Multi Asset Allocation Fund (Direct)
Nippon India Multi Asset Allocation Fund (Direct)
Groww Multi Asset Allocation vs Nippon India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Multi Asset Allocation Fund, September 2026; Nippon India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 25.6%
- Held by both
- 30
- Only in Groww Multi Asset Allocation
- 50
- Only in Nippon India Multi Asset Allocation
- 133
| Security | % of Groww Multi Asset Allocation | % of Nippon India Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 3.81% | 3.44% |
| HDFC Bank Limited | 3.95% | 3.25% |
| State Bank of India | 1.61% | 1.69% |
| Reliance Industries Limited | 2.91% | 1.49% |
| Mahindra & Mahindra Limited | 2.86% | 1.44% |
| Axis Bank Limited | 1.32% | 2.42% |
| NIPPON INDIA MUTUALFUND | 1.24% | 2.70% |
| Kotak Mahindra Bank Limited | 1.62% | 1.16% |
| Infosys Limited | 1.05% | 1.35% |
| Eternal Limited | 0.91% | 1.65% |
| Titan Company Limited | 0.95% | 0.81% |
| Bajaj Auto Limited | 0.78% | 0.97% |
| Sun Pharmaceutical Industries Limited | 0.74% | 0.75% |
| Info Edge (India) Limited | 0.63% | 1.42% |
| Bharti Airtel Limited | 1.99% | 0.61% |
| Tata Consumer Products Limited | 0.77% | 0.60% |
| NTPC Limited | 0.52% | 1.14% |
| ITC Limited | 1.09% | 0.49% |
| InterGlobe Aviation Limited | 0.88% | 0.43% |
| Bajaj Finance Limited | 1.96% | 0.40% |
| Coforge Limited | 0.50% | 0.34% |
| Power Finance Corporation Limited | 0.52% | 0.33% |
| Knowledge Realty Trust | 0.33% | 0.72% |
| FSN E-Commerce Ventures Limited | 0.83% | 0.32% |
| Grasim Industries Limited | 0.85% | 0.31% |
| 7.44% NABARD 17-JUL-2029 | 0.27% | 0.44% |
| Vedanta Limited | 0.91% | 0.26% |
| UltraTech Cement Limited | 0.65% | 0.20% |
| PERSISTENT SYSTEMS LTD | 0.49% | 0.15% |
| Hindustan Unilever Limited | 0.15% | 1.33% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.6% means 25.6% 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 Groww Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| GROWW Gold ETF | 13.64% |
| SIDBI 16-DEC-2026 | 3.97% |
| Kotak Mahindra Bank Limited 18-DEC-2026 | 3.18% |
| Larsen & Toubro Limited | 1.84% |
| The Federal Bank Limited | 1.32% |
Largest holdings only in Nippon India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 7.94% |
| Hindustan Aeronautics Limited | 1.35% |
| HDFC Life Insurance Company Limited | 1.27% |
| Trent Limited | 1.24% |
| HDFC Asset Management Company Limited | 1.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Multi Asset Allocation | Nippon India Multi Asset Allocation |
|---|---|---|
| Equity | 66.2% | 62.0% |
| Debt | 9.9% | 18.6% |
| Cash and others | 23.9% | 19.3% |
Market cap of stocks
| Market cap | Groww Multi Asset Allocation | Nippon India Multi Asset Allocation |
|---|---|---|
| Large Cap | 43.0% | 40.1% |
| Mid Cap | 20.8% | 10.3% |
| Small Cap | 2.4% | 7.0% |
| Foreign stocks | 0.0% | 4.5% |
| Not on AMFI's list | 0.0% | 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 | Groww Multi Asset Allocation | Nippon India Multi Asset Allocation |
|---|---|---|
| Banks | 17.3% | 12.3% |
| Retailing | 2.4% | 6.6% |
| Automobiles | 6.3% | 3.0% |
| Pharmaceuticals & Biotechnology | 4.7% | 1.7% |
| Other | 0.0% | 4.5% |
| Finance | 2.5% | 3.1% |
| Consumer Durables | 1.1% | 3.0% |
| Petroleum Products | 2.9% | 1.7% |
| IT - Software | 2.6% | 2.2% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Multi Asset Allocation vs Nippon India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Multi Asset Allocation Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.01% | 0.48% |
| Base expense ratio (Direct) | 0.55% | 0.30% |
| Total expense ratio (Regular) | 2.66% | 1.44% |
| Base expense ratio (Regular) | 2.02% | 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 Groww Multi Asset Allocation with
Compare Nippon India Multi Asset Allocation with
Groww Multi Asset Allocation Fund vs Nippon India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Groww Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund?
Both are Multi Asset funds, run by Groww Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 25.6%. Groww Multi Asset Allocation Fund charges 1.01% a year and Nippon India Multi Asset Allocation Fund 0.48%.
Which has given higher returns, Groww Multi Asset Allocation Fund or Nippon India Multi Asset Allocation Fund?
Over 1 year: Groww Multi Asset Allocation Fund −0.80%, Nippon India Multi Asset Allocation Fund +3.05%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Multi Asset Allocation Fund or Nippon India Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund charges less: 0.48% a year against 1.01%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund overlap?
25.6%. They hold 30 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Can I invest in both Groww Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund?
Yes. 25.6% 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.