PGIM India Multi Asset Allocation Fund vs PGIM India Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
PGIM India Multi Asset Allocation Fund is a Multi Asset fund and PGIM India Multi Cap Fund is a Multi Cap fund. PGIM India Multi Asset Allocation Fund charges 0.85% a year and PGIM India Multi Cap Fund 0.78% (Direct plans). Their portfolios overlap 39.8%: they hold 50 of the same securities.
PGIM India Multi Asset Allocation Fund
Multi Asset
- Expense ratio
- 0.85%
- NAV
- ₹10.12
Which is better, PGIM India Multi Asset Allocation or PGIM India Multi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- PGIM India Multi Cap costs less: 0.78% a year against 0.85% (Direct plans).
- PGIM India Multi Cap fell less in its worst fall since 03-12-2025: −11.9% against −12.1%.
- PGIM India Multi Cap is the larger fund: ₹460 Cr against ₹324 Cr.
- Their portfolios overlap 39.8%: 50 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 | PGIM India Multi Asset Allocation Fund | PGIM India Multi Cap Fund |
|---|---|---|
| Fund house | PGIM India Mutual Fund | PGIM India Mutual Fund |
| Category | Multi Asset | Multi Cap |
| AUM | ₹324 Cr (30-09-2026) | ₹460 Cr (30-09-2026) |
| NAV | ₹10.12 (Direct) | ₹10.45 (Direct) |
| Expense ratio (Direct) | 0.85% | 0.78% |
| Expense ratio (Regular) | 2.56% | 2.53% |
| Riskometer | Very High | Very High |
| Benchmark | 60% Nifty 500 TRI + 20% Crisil Short Term Bond Index + 10% Domestic prices of Gold + 10% Domestic prices of Silver | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 28-11-2025 | 10-09-2024 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal | Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal |
| Exit load | Exit load of 0.50%, if redeemed within 90 days | Exit load of 0.50%, if redeemed within 90 days. |
PGIM India Multi Asset Allocation vs PGIM India Multi Cap: 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 |
|---|---|---|---|---|---|---|---|
| PGIM India Multi Asset Allocation Fund (Direct) | −2.32% | −4.26% | −2.03% | -- | -- | -- | -- |
| PGIM India Multi Cap Fund (Direct) | −2.25% | −3.15% | +3.77% | +0.67% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | -- | -- | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds and the 33 Multi Cap funds, same plan type.
PGIM India Multi Asset Allocation vs PGIM India Multi Cap: Year-wise Returns
| Year | Asset AllocationPGIM India Multi Asset Allocation | CapPGIM India Multi Cap |
|---|---|---|
| 2026to date | −1.17% | +3.06% |
| 2025 | -- | +5.63% |
PGIM India Multi Asset Allocation vs PGIM India Multi Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of PGIM India Multi Cap Fund
PGIM India Multi Asset Allocation vs PGIM India Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | PGIM India Multi Asset Allocation Fund (Direct) | PGIM India Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.44% | +1.66% |
| Standard deviation | 13.01% | 14.25% |
| Sharpe ratio | -0.29 | -0.28 |
| Sortino ratio | -0.38 | -0.38 |
| Maximum drawdown | −12.1% (23-03-2026) | −18.1% (28-02-2025) |
| Beta | -- | 0.93 |
| Alpha | -- | +4.05% |
From daily NAVs, 03-12-2025 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.
PGIM India Multi Asset Allocation Fund (Direct)
PGIM India Multi Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| PGIM India Multi Asset Allocation Fund (Direct) | −12.1% | 29-01-2026 | 23-03-2026 | 25-08-2026 | 5 months | −7.4% |
| PGIM India Multi Cap Fund (Direct) | −11.9% | 07-01-2026 | 23-03-2026 | 06-05-2026 | 44 days | −6.6% |
| Nifty500 Multicap 50:25:25 TRI | −14.6% | 02-01-2026 | 30-03-2026 | 06-07-2026 | 3 months | −8.0% |
From daily values since 03-12-2025, the first day every fund has.
PGIM India Multi Asset Allocation vs PGIM India Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: PGIM India Multi Asset Allocation Fund, September 2026; PGIM India Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 39.8%
- Held by both
- 50
- Only in PGIM India Multi Asset Allocation
- 40
- Only in PGIM India Multi Cap
- 50
| Security | % of PGIM India Multi Asset Allocation | % of PGIM India Multi Cap |
|---|---|---|
| HDFC Bank Ltd. | 3.85% | 3.76% |
| ICICI Bank Ltd. | 2.76% | 4.44% |
| Reliance Industries Ltd. | 1.80% | 2.31% |
| State Bank of India | 2.24% | 1.54% |
| Infosys Ltd. | 1.57% | 1.52% |
| Eternal Ltd. | 1.28% | 1.77% |
| Larsen & Toubro Ltd. | 1.74% | 1.27% |
| Bajaj Finance Ltd. | 1.50% | 1.21% |
| TVS Motor Company Ltd. | 1.13% | 2.27% |
| Bharti Airtel Ltd. | 1.08% | 1.98% |
| Sona BLW Precision Forgings Ltd. | 1.45% | 1.02% |
| Solar Industries India Ltd. | 1.63% | 1.01% |
| Prestige Estates Projects Ltd. | 0.96% | 1.14% |
| Torrent Pharmaceuticals Ltd. | 0.94% | 1.07% |
| Max Healthcare Institute Ltd. | 1.06% | 0.86% |
| Mankind Pharma Ltd. | 0.84% | 0.87% |
| Vishal Mega Mart Ltd | 0.75% | 0.85% |
| Bharat Forge Ltd. | 0.93% | 0.72% |
| One 97 Communications Ltd. | 0.96% | 0.71% |
| Divi's Laboratories Ltd. | 0.93% | 0.71% |
| CG Power and Industrial Solutions Ltd. | 0.71% | 1.89% |
| Torrent Power Ltd. | 0.83% | 0.69% |
| SRF Ltd. | 0.63% | 0.86% |
| Tech Mahindra Ltd. | 1.07% | 0.61% |
| Rubicon Research Ltd. | 0.60% | 1.24% |
| Navin Fluorine International Ltd. | 0.82% | 0.58% |
| Blue Star Ltd. | 0.58% | 0.72% |
| ICICI Prudential Asset Mgmt Co Ltd. | 0.57% | 0.81% |
| AU Small Finance Bank Ltd. | 1.40% | 0.55% |
| Horizon Industrial Parks Ltd. | 0.55% | 0.58% |
| Bharti Hexacom Ltd. | 0.66% | 0.53% |
| ICICI Lombard General Insurance Co. Ltd. | 0.49% | 1.05% |
| VARUN BEVERAGES LIMITED | 0.49% | 0.61% |
| Dixon Technologies (India) Ltd. | 0.48% | 1.29% |
| Bharat Electronics Ltd. | 1.15% | 0.47% |
| JK Cement Ltd. | 0.46% | 0.80% |
| Cholamandalam Investment & Finance Company Ltd. | 0.45% | 0.73% |
| 360 One Wam Ltd. | 0.44% | 0.64% |
| Muthoot Finance Ltd. | 0.43% | 0.50% |
| Multi Commodity Exchange Of India Ltd. | 0.42% | 1.30% |
| Anthem Biosciences Ltd. | 0.41% | 0.60% |
| Hindalco Industries Ltd. | 0.40% | 1.34% |
| Power Finance Corporation Ltd. | 0.38% | 0.45% |
| Tata Consultancy Services Ltd. | 0.35% | 0.57% |
| Ashok Leyland Ltd. | 0.33% | 0.45% |
| Mahindra & Mahindra Ltd. | 0.33% | 0.38% |
| LG Electronics India Ltd. | 0.29% | 0.84% |
| Bharat Petroleum Corporation Ltd. | 0.27% | 0.36% |
| Persistent Systems Ltd. | 0.23% | 0.65% |
| MRS Bectors Food Specialities Ltd. | 0.22% | 0.68% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.8% means 39.8% 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 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% |
| Kotak Mahindra Bank Ltd. | 3.79% |
Largest holdings only in PGIM India Multi Cap Fund
| Security | % of fund |
|---|---|
| INDO-MIM Ltd. | 2.79% |
| Sansera Engineering Ltd. | 1.97% |
| Nippon Life India Asset Management Ltd. | 1.49% |
| Lenskart Solutions Ltd. | 1.49% |
| Max Financial Services Ltd. | 1.29% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | PGIM India Multi Asset Allocation | PGIM India Multi Cap |
|---|---|---|
| Equity | 65.2% | 95.0% |
| Debt | 10.3% | 0.1% |
| Cash and others | 24.5% | 4.9% |
Market cap of stocks
| Market cap | PGIM India Multi Asset Allocation | PGIM India Multi Cap |
|---|---|---|
| Large Cap | 39.7% | 37.8% |
| Mid Cap | 20.3% | 25.9% |
| Small Cap | 3.9% | 23.9% |
| Not on AMFI's list | 1.3% | 7.4% |
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 | PGIM India Multi Asset Allocation | PGIM India Multi Cap |
|---|---|---|
| Banks | 14.0% | 12.4% |
| Pharmaceuticals & Biotechnology | 4.7% | 7.0% |
| Auto Components | 3.5% | 6.2% |
| Capital Markets | 2.4% | 4.9% |
| Retailing | 3.8% | 4.8% |
| Healthcare Services | 1.4% | 4.4% |
| Consumer Durables | 4.3% | 3.8% |
| IT - Software | 3.2% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
PGIM India Multi Asset Allocation vs PGIM India Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | PGIM India Multi Asset Allocation Fund | PGIM India Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.85% | 0.78% |
| Base expense ratio (Direct) | 0.54% | 0.61% |
| Total expense ratio (Regular) | 2.56% | 2.53% |
| Base expense ratio (Regular) | 1.99% | 2.10% |
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 PGIM India Multi Asset Allocation with
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- PGIM India Multi Asset Allocation vs Kotak Multi Asset Allocation
- PGIM India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
PGIM India Multi Asset Allocation Fund vs PGIM India Multi Cap Fund: Frequently Asked Questions
What is the difference between PGIM India Multi Asset Allocation Fund and PGIM India Multi Cap Fund?
PGIM India Multi Asset Allocation Fund is a Multi Asset fund, PGIM India Multi Cap Fund is a Multi Cap fund, run by PGIM India Mutual Fund. Their portfolios overlap 39.8%. PGIM India Multi Asset Allocation Fund charges 0.85% a year and PGIM India Multi Cap Fund 0.78%.
Which has the lower expense ratio, PGIM India Multi Asset Allocation Fund or PGIM India Multi Cap Fund?
PGIM India Multi Cap Fund charges less: 0.78% a year against 0.85%. These are the Direct plans' total expense ratios reported to AMFI.
How much do PGIM India Multi Asset Allocation Fund and PGIM India Multi Cap Fund overlap?
39.8%. They hold 50 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, PGIM India Multi Asset Allocation Fund or PGIM India Multi Cap Fund?
On SEBI's riskometer, PGIM India Multi Asset Allocation Fund is rated Very High and PGIM India Multi Cap Fund Very High. Over their common history, the standard deviation of daily returns was 13.01% and 14.25% a year.
Can I invest in both PGIM India Multi Asset Allocation Fund and PGIM India Multi Cap Fund?
Yes. 39.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages PGIM India Multi Asset Allocation Fund and PGIM India Multi Cap Fund?
PGIM India Multi Asset Allocation Fund: Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal. PGIM India Multi Cap Fund: Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Mr. Puneet Pal.
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.