Nippon India Multi Asset Allocation Fund vs PGIM India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
Nippon India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund are both Multi Asset funds. Nippon India Multi Asset Allocation Fund charges 0.48% a year and PGIM India Multi Asset Allocation Fund 0.85% (Direct plans). Their portfolios overlap 23.5%: they hold 30 of the same securities.
Nippon India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.48%
- NAV
- ₹25.81
PGIM India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.85%
- NAV
- ₹10.12
Which is better, Nippon India Multi Asset Allocation or PGIM 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 0.85% (Direct plans).
- Nippon India Multi Asset Allocation fell less in its worst fall since 03-12-2025: −10.8% against −12.1%.
- Nippon India Multi Asset Allocation holds 4.5% of the fund in foreign stocks; PGIM India Multi Asset Allocation 0.0%.
- Nippon India Multi Asset Allocation is the larger fund: ₹18,044 Cr against ₹324 Cr.
- Their portfolios overlap 23.5%: 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 | Nippon India Multi Asset Allocation Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Nippon India Mutual Fund | PGIM India Mutual Fund |
| Category | Multi Asset | Multi Asset |
| AUM | ₹18,044 Cr (30-09-2026) | ₹324 Cr (30-09-2026) |
| NAV | ₹25.81 (Direct) | ₹10.12 (Direct) |
| Expense ratio (Direct) | 0.48% | 0.85% |
| Expense ratio (Regular) | 1.44% | 2.56% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | 60% Nifty 500 TRI + 20% Crisil Short Term Bond Index + 10% Domestic prices of Gold + 10% Domestic prices of Silver |
| Launch date | Not available | 28-11-2025 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal |
| Exit load | Not available | Exit load of 0.50%, if redeemed within 90 days |
Nippon India Multi Asset Allocation vs PGIM 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 |
|---|---|---|---|---|---|---|---|
| Nippon India Multi Asset Allocation Fund (Direct) | −2.06% | −3.53% | −1.74% | +3.05% | +17.96% | +13.83% | -- |
| PGIM India Multi Asset Allocation Fund (Direct) | −2.32% | −4.26% | −2.03% | -- | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Nippon India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Year-wise Returns
| Year | NipponNippon India Multi Asset Allocation | PGIMPGIM India Multi Asset Allocation |
|---|---|---|
| 2026to date | +0.43% | −1.17% |
| 2025 | +20.96% | -- |
| 2024 | +20.14% | -- |
| 2023 | +25.92% | -- |
| 2022 | +4.63% | -- |
| 2021 | +21.10% | -- |
Nippon India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Nippon India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Nippon India Multi Asset Allocation Fund (Direct) | PGIM India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +16.79% | +1.44% |
| Standard deviation | 9.40% | 13.01% |
| Sharpe ratio | 1.22 | -0.29 |
| Sortino ratio | 1.70 | -0.38 |
| Maximum drawdown | −10.8% (23-03-2026) | −12.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 31-08-2020 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.
Nippon India Multi Asset Allocation Fund (Direct)
PGIM 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 |
|---|---|---|---|---|---|---|
| Nippon India Multi Asset Allocation Fund (Direct) | −10.8% | 29-01-2026 | 23-03-2026 | 06-08-2026 | 4 months | −7.0% |
| PGIM India Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.4% |
From daily values since 03-12-2025, the first day every fund has.
Nippon India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Nippon India Multi Asset Allocation Fund, September 2026; PGIM India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 23.5%
- Held by both
- 30
- Only in Nippon India Multi Asset Allocation
- 133
- Only in PGIM India Multi Asset Allocation
- 60
| Security | % of Nippon India Multi Asset Allocation | % of PGIM India Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 3.25% | 3.85% |
| ICICI Bank Limited | 3.44% | 2.76% |
| Nippon India Silver ETF | 2.70% | 2.86% |
| State Bank of India | 1.69% | 2.24% |
| Reliance Industries Limited | 1.49% | 1.80% |
| Infosys Limited | 1.35% | 1.57% |
| Eternal Limited | 1.65% | 1.28% |
| Kotak Mahindra Bank Limited | 1.16% | 3.79% |
| Titan Company Limited | 0.81% | 3.00% |
| Bharti Airtel Limited | 0.61% | 1.08% |
| Tata Consumer Products Limited | 0.60% | 0.53% |
| Varun Beverages Limited | 1.05% | 0.49% |
| Info Edge (India) Limited | 1.42% | 0.43% |
| HDFC Life Insurance Company Limited | 1.27% | 0.42% |
| Shriram Finance Limited | 0.53% | 0.41% |
| Bajaj Finance Limited | 0.40% | 1.50% |
| Tech Mahindra Limited | 0.37% | 1.07% |
| Mankind Pharma Limited | 0.35% | 0.84% |
| United Spirits Limited | 0.34% | 0.42% |
| Mahindra & Mahindra Limited | 1.44% | 0.33% |
| Power Finance Corporation Limited | 0.33% | 0.38% |
| FSN E-Commerce Ventures Limited | 0.32% | 1.30% |
| LG Electronics India Ltd | 0.96% | 0.29% |
| TBO Tek Limited | 0.28% | 0.50% |
| HDFC Asset Management Company Limited | 1.23% | 0.23% |
| Jubilant Foodworks Limited | 0.76% | 0.22% |
| Global Health Limited | 0.18% | 0.35% |
| SRF Limited | 0.17% | 0.63% |
| Persistent Systems Limited | 0.15% | 0.23% |
| Prestige Estates Projects Limited | 0.15% | 0.96% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 23.5% means 23.5% 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 Nippon India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 7.94% |
| Axis Bank Limited | 2.42% |
| Hindustan Aeronautics Limited | 1.35% |
| Hindustan Unilever Limited | 1.33% |
| Trent Limited | 1.24% |
Largest holdings only in PGIM India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| 6.01% Government of India | 6.01% |
| SBI Mutual Fund | 4.61% |
| HDFC Mutual Fund | 4.61% |
| ICICI Prudential Mutual Fund | 4.61% |
| 91 DAYS TBILL RED 01-10-2026 | 3.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Nippon India Multi Asset Allocation | PGIM India Multi Asset Allocation |
|---|---|---|
| Equity | 62.0% | 65.2% |
| Debt | 18.6% | 10.3% |
| Cash and others | 19.3% | 24.5% |
Market cap of stocks
| Market cap | Nippon India Multi Asset Allocation | PGIM India Multi Asset Allocation |
|---|---|---|
| Large Cap | 40.1% | 39.7% |
| Mid Cap | 10.3% | 20.3% |
| Small Cap | 7.0% | 3.9% |
| Foreign stocks | 4.5% | 0.0% |
| Not on AMFI's list | 0.2% | 1.3% |
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 | Nippon India Multi Asset Allocation | PGIM India Multi Asset Allocation |
|---|---|---|
| Banks | 12.3% | 14.0% |
| Retailing | 6.6% | 3.8% |
| Pharmaceuticals & Biotechnology | 1.7% | 4.7% |
| Other | 4.5% | 0.0% |
| Consumer Durables | 3.0% | 4.3% |
| Auto Components | 1.8% | 3.5% |
| IT - Software | 2.2% | 3.2% |
| Finance | 3.1% | 3.2% |
| Automobiles | 3.0% | 1.5% |
The six largest sectors of each fund's stocks, % of the fund.
Nippon India Multi Asset Allocation vs PGIM India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Nippon India Multi Asset Allocation Fund | PGIM India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.48% | 0.85% |
| Base expense ratio (Direct) | 0.30% | 0.54% |
| Total expense ratio (Regular) | 1.44% | 2.56% |
| Base expense ratio (Regular) | 1.14% | 1.99% |
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 Nippon India Multi Asset Allocation with
Compare PGIM India Multi Asset Allocation with
Nippon India Multi Asset Allocation Fund vs PGIM India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Nippon India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund?
Both are Multi Asset funds, run by Nippon India Mutual Fund and PGIM India Mutual Fund. Their portfolios overlap 23.5%. Nippon India Multi Asset Allocation Fund charges 0.48% a year and PGIM India Multi Asset Allocation Fund 0.85%.
Which has the lower expense ratio, Nippon India Multi Asset Allocation Fund or PGIM India Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund charges less: 0.48% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Nippon India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund overlap?
23.5%. They hold 30 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SILVERBEES. From each fund's latest monthly portfolio.
Can I invest in both Nippon India Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund?
Yes. 23.5% 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.