ITI Multi Asset Allocation Fund vs Nippon India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
ITI Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund are both Multi Asset funds. ITI Multi Asset Allocation Fund charges 1.92% a year and Nippon India Multi Asset Allocation Fund 0.48% (Direct plans). Their portfolios overlap 13.2%: they hold 15 of the same securities.
ITI Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 1.92%
- NAV
- ₹9.57
Nippon India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.48%
- NAV
- ₹25.81
Which is better, ITI 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 costs less: 0.48% a year against 1.92% (Direct plans).
- Nippon India Multi Asset Allocation fell less in its worst fall since 10-09-2026: −6.0% against −6.0%.
- Nippon India Multi Asset Allocation holds 4.5% of the fund in foreign stocks; ITI Multi Asset Allocation 0.0%.
- Nippon India Multi Asset Allocation holds more in large companies: 40.1% of the fund in large caps against 18.1%.
- Nippon India Multi Asset Allocation is the larger fund: ₹18,044 Cr against ₹144 Cr.
- Their portfolios overlap 13.2%: 15 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 | ITI Multi Asset Allocation Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | ITI Mutual Fund | Nippon India Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹144 Cr (30-09-2026) | ₹18,044 Cr (30-09-2026) |
| NAV | ₹9.57 (Direct) | ₹25.81 (Direct) |
| Expense ratio (Direct) | 1.92% | 0.48% |
| Expense ratio (Regular) | 3.61% | 1.44% |
| Riskometer | High | Not available |
| Benchmark | 50% NIFTY 500 TRI + 30% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 10% Domestic Price of Silver | Not available |
| Launch date | 07-09-2026 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Nilay Dalal, Laukik Bagwe | Not available |
| Exit load | Exit load of 0.50%, if redeemed within 3 months. | Not available |
ITI 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 |
|---|---|---|---|---|---|---|---|
| ITI Multi Asset Allocation Fund (Direct) | −3.02% | -- | -- | -- | -- | -- | -- |
| 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.
ITI Multi Asset Allocation vs Nippon India Multi Asset Allocation: Year-wise Returns
| Year | ITIITI Multi Asset Allocation | Nippon IndiaNippon India Multi Asset Allocation |
|---|---|---|
| 2026to date | -- | +0.43% |
| 2025 | -- | +20.96% |
| 2024 | -- | +20.14% |
| 2023 | -- | +25.92% |
| 2022 | -- | +4.63% |
| 2021 | -- | +21.10% |
ITI Multi Asset Allocation vs Nippon India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
ITI 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 | ITI Multi Asset Allocation Fund (Direct) | Nippon India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −27.08% | +16.79% |
| Standard deviation | 10.04% | 9.40% |
| Sharpe ratio | -3.24 | 1.22 |
| Sortino ratio | -3.61 | 1.70 |
| Maximum drawdown | −6.0% (23-10-2026) | −10.8% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 10-09-2026 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.
ITI 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 |
|---|---|---|---|---|---|---|
| ITI Multi Asset Allocation Fund (Direct) | −6.0% | 23-09-2026 | 23-10-2026 | Not yet | -- | −4.6% |
| Nippon India Multi Asset Allocation Fund (Direct) | −6.0% | 21-09-2026 | 23-10-2026 | Not yet | -- | −4.8% |
From daily values since 10-09-2026, the first day every fund has.
ITI Multi Asset Allocation vs Nippon India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: ITI Multi Asset Allocation Fund, September 2026; Nippon India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.2%
- Held by both
- 15
- Only in ITI Multi Asset Allocation
- 32
- Only in Nippon India Multi Asset Allocation
- 148
| Security | % of ITI Multi Asset Allocation | % of Nippon India Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 2.93% | 3.44% |
| HDFC Bank Limited | 1.65% | 3.25% |
| Reliance Industries Limited | 1.66% | 1.49% |
| Eternal Limited | 1.44% | 1.65% |
| HDFC Life Insurance Company Limited | 1.91% | 1.27% |
| Bajaj Auto Limited | 1.08% | 0.97% |
| Titan Company Limited | 1.25% | 0.81% |
| Bajaj Finance Limited | 0.99% | 0.40% |
| Kirloskar Oil Engines Limited | 1.26% | 0.38% |
| RBL Bank Limited | 0.98% | 0.37% |
| Samvardhana Motherson International Limited | 1.04% | 0.35% |
| FSN E-Commerce Ventures Limited | 0.94% | 0.32% |
| Grasim Industries Limited | 1.09% | 0.31% |
| TBO Tek Limited | 0.91% | 0.28% |
| Global Health Limited | 1.14% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.2% means 13.2% 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 ITI Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.60% REC Limited (30/06/2027) | 3.44% |
| Union Bank of India (12/03/2027) | 3.36% |
| DSP Gold ETF | 3.32% |
| Mirae Asset Gold ETF | 2.79% |
| Manipal Payment and Identity Solutions Ltd | 2.67% |
Largest holdings only in Nippon India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 7.94% |
| Nippon India Silver ETF | 2.70% |
| Axis Bank Limited | 2.42% |
| State Bank of India | 1.69% |
| Mahindra & Mahindra Limited | 1.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | ITI Multi Asset Allocation | Nippon India Multi Asset Allocation |
|---|---|---|
| Equity | 46.9% | 62.0% |
| Debt | 6.8% | 18.6% |
| Cash and others | 46.3% | 19.3% |
Market cap of stocks
| Market cap | ITI Multi Asset Allocation | Nippon India Multi Asset Allocation |
|---|---|---|
| Large Cap | 18.1% | 40.1% |
| Mid Cap | 7.8% | 10.3% |
| Small Cap | 17.4% | 7.0% |
| Foreign stocks | 0.0% | 4.5% |
| Not on AMFI's list | 3.7% | 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 | ITI Multi Asset Allocation | Nippon India Multi Asset Allocation |
|---|---|---|
| Banks | 8.9% | 12.3% |
| Retailing | 2.4% | 6.6% |
| Other | 0.0% | 4.5% |
| Industrial Products | 4.1% | 0.4% |
| Pharmaceuticals & Biotechnology | 3.9% | 1.7% |
| Finance | 3.1% | 3.1% |
| Consumer Durables | 1.3% | 3.0% |
| Automobiles | 1.6% | 3.0% |
| Auto Components | 2.9% | 1.8% |
| Electrical Equipment | 2.8% | 1.1% |
The six largest sectors of each fund's stocks, % of the fund.
ITI Multi Asset Allocation vs Nippon India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | ITI Multi Asset Allocation Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.92% | 0.48% |
| Base expense ratio (Direct) | 0.34% | 0.30% |
| Total expense ratio (Regular) | 3.61% | 1.44% |
| Base expense ratio (Regular) | 1.82% | 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 ITI Multi Asset Allocation with
Compare Nippon India Multi Asset Allocation with
ITI Multi Asset Allocation Fund vs Nippon India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between ITI Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund?
Both are Multi Asset funds, run by ITI Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 13.2%. ITI Multi Asset Allocation Fund charges 1.92% a year and Nippon India Multi Asset Allocation Fund 0.48%.
Which has the lower expense ratio, ITI Multi Asset Allocation Fund or Nippon India Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund charges less: 0.48% a year against 1.92%. These are the Direct plans' total expense ratios reported to AMFI.
How much do ITI Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund overlap?
13.2%. They hold 15 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both ITI Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund?
Yes. 13.2% 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.