SBI Multi Asset Allocation Fund vs Sundaram Dividend Yield Fund
Direct Plan, Growth option · Data as on 29-10-2026
SBI Multi Asset Allocation Fund is a Multi Asset fund and Sundaram Dividend Yield Fund is a Dividend Yield fund. In the 3 years to 30-10-2026, SBI Multi Asset Allocation Fund (Direct) returned 13.9% a year and Sundaram Dividend Yield Fund (Direct) returned 9.3% a year. SBI Multi Asset Allocation Fund charges 0.66% a year and Sundaram Dividend Yield Fund 1.27% (Direct plans). Their portfolios overlap 18.9%: they hold 23 of the same securities.
SBI Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 13.9%
- Expense ratio
- 0.66%
- NAV
- ₹71.85
Sundaram Dividend Yield Fund
Dividend Yield
- 3 year return
- 9.3%
- Expense ratio
- 1.27%
- NAV
- ₹138.43
Which is better, SBI Multi Asset Allocation or Sundaram Dividend Yield? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Multi Asset Allocation returned more over 3 years: 13.9% a year against 9.3%.
- SBI Multi Asset Allocation returned more over 1 year: 2.5% against −9.2%.
- SBI Multi Asset Allocation costs less: 0.66% a year against 1.27% (Direct plans).
- SBI Multi Asset Allocation swung less over 3 years: a standard deviation of 7.9% a year against 13.1%.
- SBI Multi Asset Allocation fell less in its worst fall since 03-01-2022: −8.6% against −18.9%.
- Sundaram Dividend Yield holds more in large companies: 70.4% of the fund in large caps against 19.4%.
- SBI Multi Asset Allocation is the larger fund: ₹21,044 Cr against ₹757 Cr.
- Their portfolios overlap 18.9%: 23 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 | SBI Multi Asset Allocation Fund | Sundaram Dividend Yield Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | Sundaram Mutual Fund |
| Category | Multi Asset | Dividend Yield |
| AUM | ₹21,044 Cr (30-09-2026) | ₹757 Cr (30-09-2026) |
| NAV | ₹71.85 (Direct) | ₹138.43 (Direct) |
| Expense ratio (Direct) | 0.66% | 1.27% |
| Expense ratio (Regular) | 1.39% | 2.43% |
| Riskometer | Very High | Not available |
| Benchmark | 45% BSE 500 TRI + 40% Crisil Composite Bond Fund Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver. | Not available |
| Launch date | 21-12-2005 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Mansi Sajeja, Dinesh Balachandran, Vandna Soni | Not available |
| Exit load | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months | Not available |
SBI Multi Asset Allocation vs Sundaram Dividend Yield: 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 |
|---|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation Fund (Direct) | −2.02% | −3.49% | −2.44% | +2.50% | +13.91% | +12.53% | +11.56% |
| Sundaram Dividend Yield Fund (Direct) | −0.24% | −5.19% | −5.64% | −9.22% | +9.25% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | +12.92% |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | -- | -- |
Category average: the average of the 37 Multi Asset funds and the 12 Dividend Yield funds, same plan type.
SBI Multi Asset Allocation vs Sundaram Dividend Yield: Year-wise Returns
| Year | SBI Multi Asset AllocationSBI Multi Asset Allocation | Sundaram Dividend YieldSundaram Dividend Yield |
|---|---|---|
| 2026to date | −1.49% | −9.84% |
| 2025 | +19.58% | +4.57% |
| 2024 | +13.87% | +17.22% |
| 2023 | +25.48% | +35.70% |
| 2022 | +6.96% | -- |
| 2021 | +13.96% | -- |
SBI Multi Asset Allocation vs Sundaram Dividend Yield: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Sundaram Dividend Yield Fund
Rolling returns
Every 3-year holding period, 448 of them, one for each trading day from 03-01-2025 to 29-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
SBI Multi Asset Allocation Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
Nifty 500 TRI
to
Feb 2025Jun 2022
to
Jun 2025Oct 2022
to
Oct 2025Jan 2023
to
Jan 2026May 2023
to
May 2026Sept 2023
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 19.6 | 73.0 | 7.4 | 0.0 | 17.4% | 17.7% | 13.4% | 21.6% | 85% |
| Sundaram Dividend Yield | 0.0 | 0.0 | 7.6 | 21.4 | 62.1 | 8.9 | 0.0 | 16.0% | 16.8% | 7.8% | 22.3% | 77% |
| Nifty 500 TRI | 0.0 | 0.0 | 4.5 | 39.3 | 49.8 | 6.5 | 0.0 | 15.2% | 15.4% | 8.8% | 22.3% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 03-01-2022. Past returns do not promise future returns.
SBI Multi Asset Allocation vs Sundaram Dividend Yield: 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 03-01-2022 to 29-10-2026: 58 instalments, ₹5,80,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Multi Asset AllocationSBI Multi Asset Allocation Fund (Direct) | ₹5,80,000 | ₹7,80,327 | ₹2,00,327 | 12.3% |
| Sundaram Dividend YieldSundaram Dividend Yield Fund (Direct) | ₹5,80,000 | ₹6,80,395 | ₹1,00,395 | 6.6% |
SBI Multi Asset AllocationSBI Multi Asset Allocation Fund (Direct)
Sundaram Dividend YieldSundaram Dividend Yield 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.
SBI Multi Asset Allocation vs Sundaram Dividend Yield: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Multi Asset Allocation Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.50% | −9.22% |
| Standard deviation | 9.13% | 11.15% |
| Sharpe ratio | -0.30 | -1.30 |
| Sortino ratio | -0.40 | -1.66 |
| Maximum drawdown | −8.6% (23-03-2026) | −12.8% (08-10-2026) |
| Beta | -- | 0.74 |
| Alpha | -- | −5.14% |
From daily NAVs, 29-10-2025 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.
| Measure | SBI Multi Asset Allocation Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.91% | +9.25% |
| Standard deviation | 7.94% | 13.13% |
| Sharpe ratio | 0.99 | 0.25 |
| Sortino ratio | 1.37 | 0.33 |
| Maximum drawdown | −8.6% (23-03-2026) | −18.9% (28-02-2025) |
| Beta | -- | 0.89 |
| Alpha | -- | −0.49% |
From daily NAVs, 27-10-2023 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.
| Measure | SBI Multi Asset Allocation Fund (Direct) | Sundaram Dividend Yield Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.91% | +8.98% |
| Standard deviation | 6.46% | 12.88% |
| Sharpe ratio | 0.91 | 0.24 |
| Sortino ratio | 1.25 | 0.32 |
| Maximum drawdown | −17.6% (23-03-2020) | −18.9% (28-02-2025) |
| Beta | -- | 0.87 |
| Alpha | -- | +0.41% |
From daily NAVs, 19-03-2013 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.
SBI Multi Asset Allocation Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Multi Asset Allocation Fund (Direct) | −8.6% | 29-01-2026 | 23-03-2026 | Not yet | -- | −5.2% |
| Sundaram Dividend Yield Fund (Direct) | −18.9% | 27-09-2024 | 28-02-2025 | Not yet | -- | −13.3% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 03-01-2022, 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.
SBI Multi Asset Allocation Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI Multi Asset Allocation Fund (Direct)
Sundaram Dividend Yield Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Multi Asset Allocation Fund (Direct) | 65% | 26% | 8.61% |
| Sundaram Dividend Yield Fund (Direct) | 88% | 82% | 4.31% |
From month-end values since 03-01-2022. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
SBI Multi Asset Allocation vs Sundaram Dividend Yield: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Multi Asset Allocation Fund, September 2026; Sundaram Dividend Yield Fund, September 2026
Holdings in common
- Overlap
- 18.9%
- Held by both
- 23
- Only in SBI Multi Asset Allocation
- 105
- Only in Sundaram Dividend Yield
- 30
| Security | % of SBI Multi Asset Allocation | % of Sundaram Dividend Yield |
|---|---|---|
| Embassy Office Parks Reit | 1.97% | 4.13% |
| GAIL (India) Ltd. | 1.89% | 2.65% |
| HDFC Bank Ltd. | 1.77% | 4.87% |
| ICICI Bank Ltd. | 1.46% | 4.62% |
| Kotak Mahindra Bank Ltd. | 1.33% | 1.24% |
| Oil & Natural Gas Corporation Ltd. | 1.23% | 2.98% |
| CESC Ltd. | 1.18% | 1.46% |
| Brookfield India Real Estate Trust | 2.42% | 1.17% |
| Axis Bank Ltd. | 1.05% | 1.38% |
| Reliance Industries Ltd. | 0.97% | 1.72% |
| NHPC Ltd. | 0.79% | 1.06% |
| Indian Oil Corporation Ltd. | 0.64% | 1.11% |
| Oil India Ltd. | 0.53% | 1.30% |
| ITC Ltd. | 0.47% | 2.43% |
| HCL Technologies Ltd. | 0.46% | 1.62% |
| Hindustan Aeronautics Ltd. | 0.44% | 1.23% |
| Bank of Baroda | 0.43% | 1.10% |
| State Bank of India | 0.43% | 3.76% |
| Life Insurance Corporation of India | 0.19% | 1.15% |
| Emami Ltd. | 0.18% | 1.00% |
| Tata Steel Ltd. | 0.17% | 1.95% |
| Infosys Ltd. | 0.16% | 2.80% |
| Bharti Airtel Ltd. | 0.13% | 2.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 18.9% means 18.9% 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 SBI Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| SBI Gold ETF | 6.42% |
| SBI Silver ETF | 3.57% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | 2.21% |
| Bandhan Bank Ltd. | 1.74% |
| Delhivery Ltd. | 1.68% |
Largest holdings only in Sundaram Dividend Yield Fund
| Security | % of fund |
|---|---|
| NTPC LTD | 4.05% |
| Coal India Ltd | 3.37% |
| Power Grid Corporation of India Ltd | 3.01% |
| Somany Ceramics Ltd | 2.85% |
| Tech Mahindra Ltd | 2.82% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Multi Asset Allocation | Sundaram Dividend Yield |
|---|---|---|
| Equity | 44.9% | 91.5% |
| Debt | 32.2% | 0.0% |
| Cash and others | 22.9% | 8.5% |
Market cap of stocks
| Market cap | SBI Multi Asset Allocation | Sundaram Dividend Yield |
|---|---|---|
| Large Cap | 19.4% | 70.4% |
| Mid Cap | 9.0% | 10.9% |
| Small Cap | 15.4% | 10.2% |
| Not on AMFI's list | 1.1% | 0.0% |
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 | SBI Multi Asset Allocation | Sundaram Dividend Yield |
|---|---|---|
| Banks | 9.4% | 17.0% |
| It - Software | 0.0% | 9.6% |
| Power | 2.0% | 9.6% |
| Petroleum Products | 1.6% | 6.3% |
| Oil | 1.8% | 4.3% |
| Automobiles | 0.0% | 4.2% |
| Pharmaceuticals & Biotechnology | 3.3% | 1.7% |
| Auto Components | 2.7% | 0.0% |
| Transport Services | 2.4% | 0.0% |
| Finance | 2.4% | 1.5% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Multi Asset Allocation vs Sundaram Dividend Yield: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Multi Asset Allocation Fund | Sundaram Dividend Yield Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.66% | 1.27% |
| Base expense ratio (Direct) | 0.48% | 1.01% |
| Total expense ratio (Regular) | 1.39% | 2.43% |
| Base expense ratio (Regular) | 1.10% | 2.03% |
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 SBI Multi Asset Allocation with
- SBI Multi Asset Allocation vs Quant Multi Asset Allocation
- SBI Multi Asset Allocation vs Nippon India Multi Asset Allocation
- SBI Multi Asset Allocation vs DSP Multi Asset Allocation
- SBI Multi Asset Allocation vs Kotak Multi Asset Allocation
- SBI Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
SBI Multi Asset Allocation Fund vs Sundaram Dividend Yield Fund: Frequently Asked Questions
What is the difference between SBI Multi Asset Allocation Fund and Sundaram Dividend Yield Fund?
SBI Multi Asset Allocation Fund is a Multi Asset fund, Sundaram Dividend Yield Fund is a Dividend Yield fund, run by SBI Mutual Fund and Sundaram Mutual Fund. Their portfolios overlap 18.9%. SBI Multi Asset Allocation Fund charges 0.66% a year and Sundaram Dividend Yield Fund 1.27%.
Which has given higher returns, SBI Multi Asset Allocation Fund or Sundaram Dividend Yield Fund?
Over 1 year: SBI Multi Asset Allocation Fund +2.50%, Sundaram Dividend Yield Fund −9.22%. Over 3 years: SBI Multi Asset Allocation Fund +13.91% a year, Sundaram Dividend Yield Fund +9.25% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Multi Asset Allocation Fund or Sundaram Dividend Yield Fund?
SBI Multi Asset Allocation Fund charges less: 0.66% a year against 1.27%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Multi Asset Allocation Fund and Sundaram Dividend Yield Fund overlap?
18.9%. They hold 23 of the same securities, the largest shared ones being EMBASSY-RR, GAIL, HDFCBANK. From each fund's latest monthly portfolio.
Which is better for SIP, SBI Multi Asset Allocation Fund or Sundaram Dividend Yield Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 29-10-2026 grew to ₹4,22,668 in SBI Multi Asset Allocation Fund (XIRR 8.6% a year) and ₹3,64,698 in Sundaram Dividend Yield Fund (XIRR -0.9% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both SBI Multi Asset Allocation Fund and Sundaram Dividend Yield Fund?
Yes. 18.9% 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.