Sundaram Dynamic Asset Allocation Fund vs Sundaram Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Sundaram Dynamic Asset Allocation Fund is a Balanced Advantage fund and Sundaram Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Sundaram Dynamic Asset Allocation Fund (Direct) returned −5.0% and Sundaram Multi Asset Allocation Fund (Direct) returned −2.8%. Sundaram Dynamic Asset Allocation Fund charges 1.12% a year and Sundaram Multi Asset Allocation Fund 0.79% (Direct plans). Their portfolios overlap 68.6%: they hold 58 of the same securities.
Sundaram Dynamic Asset Allocation Fund
Balanced Advantage
- 1 year return
- −5.0%
- Expense ratio
- 1.12%
- NAV
- ₹40.33
Sundaram Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −2.8%
- Expense ratio
- 0.79%
- NAV
- ₹13.02
Which is better, Sundaram Dynamic Asset Allocation or Sundaram 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.
- Sundaram Multi Asset Allocation returned more over 1 year: −2.8% against −5.0%.
- Sundaram Multi Asset Allocation costs less: 0.79% a year against 1.12% (Direct plans).
- Sundaram Dynamic Asset Allocation fell less in its worst fall since 29-01-2024: −9.7% against −13.1%.
- Sundaram Dynamic Asset Allocation holds more in large companies: 48.5% of the fund in large caps against 37.9%.
- Sundaram Multi Asset Allocation is the larger fund: ₹3,205 Cr against ₹1,596 Cr.
- Their portfolios overlap 68.6%: 58 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 | Sundaram Dynamic Asset Allocation Fund | Sundaram Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Sundaram Mutual Fund | Sundaram Mutual Fund |
| Category | Balanced Advantage | Multi Asset |
| AUM | ₹1,596 Cr (30-09-2026) | ₹3,205 Cr (30-09-2026) |
| NAV | ₹40.33 (Direct) | ₹13.02 (Direct) |
| Expense ratio (Direct) | 1.12% | 0.79% |
| Expense ratio (Regular) | 2.54% | 2.10% |
| Riskometer | High | Very High |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | NIFTY 500 TRI 65% + NIFTY Short Duration Debt Index 10% + Domestic Prices of Gold 25% |
| Launch date | 01-12-2010 | 25-01-2024 |
| Minimum investment | New Investor/Existing – Rs.100/- for both Monthly IDCW and Growth Option and any amount thereafter under each Plan/option. | ₹100 |
| Lock in | None | None |
| Fund managers | Bharath, Clyton Richard Fernandes, Kumaresh Ramakrishnan | Rohit Seksaria, Clyton Richard Fernandes, Kumaresh Ramakrishnan, Arjun Nagarajan, Shalav Saket |
| Exit load | Exit Load: W.E.F Dec 31, 2021 -Nil - If up to 25% of the units invested are redeemed or withdrawn by way of SWP within 365 days from the date of allotment. Any redemptions or withdrawals by way of SWP in excess of the above mentioned limit would be subject to an exit load of 1 % of the applicable NAV will be charged, if the units are redeemed within 365 days from the date of allotment of units. For redemption or withdrawal by way of SWP after 365 days from the date of allotment - Nil. Generally, the exit load will be calculated on First in First out (FIFO) basis. | Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days. |
Sundaram Dynamic Asset Allocation vs Sundaram 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 |
|---|---|---|---|---|---|---|---|
| Sundaram Dynamic Asset Allocation Fund (Direct) | −0.69% | −3.73% | −1.70% | −4.99% | +7.83% | -- | -- |
| Sundaram Multi Asset Allocation Fund (Direct) | −1.70% | −4.30% | −3.75% | −2.75% | -- | -- | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 38 Balanced Advantage funds and the 37 Multi Asset funds, same plan type.
Sundaram Dynamic Asset Allocation vs Sundaram Multi Asset Allocation: Year-wise Returns
| Year | DynamicSundaram Dynamic Asset Allocation | MultiSundaram Multi Asset Allocation |
|---|---|---|
| 2026to date | −5.15% | −4.86% |
| 2025 | +6.67% | +20.59% |
| 2024 | +14.28% | -- |
| 2023 | +15.81% | -- |
Sundaram Dynamic Asset Allocation vs Sundaram Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 431 of them, one for each trading day from 29-01-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Sundaram Dynamic Asset Allocation Fund (Direct)
Sundaram Multi Asset Allocation Fund (Direct)
to
Mar 2025Jul 2024
to
Jul 2025Oct 2024
to
Oct 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Sept 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sundaram Dynamic Asset Allocation | 12.5 | 39.2 | 37.1 | 11.1 | 0.0 | 0.0 | 0.0 | 4.7% | 4.8% | −6.9% | 13.1% |
| Sundaram Multi Asset Allocation | 3.2 | 2.6 | 24.6 | 43.2 | 12.5 | 12.8 | 1.2 | 12.6% | 12.2% | −5.0% | 28.0% |
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. Every fund is measured over the days all of them have, from 29-01-2024. Past returns do not promise future returns.
Sundaram Dynamic Asset Allocation vs Sundaram 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 01-01-2024 to 30-10-2026: 34 instalments, ₹3,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation Fund (Direct) | ₹3,40,000 | ₹3,44,905 | ₹4,905 | 1.0% |
| Sundaram Multi Asset AllocationSundaram Multi Asset Allocation Fund (Direct) | ₹3,40,000 | ₹3,66,449 | ₹26,449 | 5.2% |
Sundaram Dynamic Asset AllocationSundaram Dynamic Asset Allocation Fund (Direct)
Sundaram Multi Asset AllocationSundaram 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.
Sundaram Dynamic Asset Allocation vs Sundaram Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Sundaram Dynamic Asset Allocation Fund (Direct) | Sundaram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.99% | −2.75% |
| Standard deviation | 9.43% | 13.43% |
| Sharpe ratio | -1.09 | -0.60 |
| Sortino ratio | -1.45 | -0.80 |
| Maximum drawdown | −9.7% (30-03-2026) | −13.1% (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 | Sundaram Dynamic Asset Allocation Fund (Direct) | Sundaram Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.67% | +10.00% |
| Standard deviation | 8.10% | 10.71% |
| Sharpe ratio | 0.22 | 0.38 |
| Sortino ratio | 0.30 | 0.52 |
| Maximum drawdown | −9.7% (30-03-2026) | −13.1% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 03-01-2022 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.
Sundaram Dynamic Asset Allocation Fund (Direct)
Sundaram Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Sundaram Dynamic Asset Allocation Fund (Direct) | −9.7% | 28-11-2025 | 30-03-2026 | Not yet | -- | −5.8% |
| Sundaram Multi Asset Allocation Fund (Direct) | −13.1% | 29-01-2026 | 23-03-2026 | Not yet | -- | −9.7% |
From daily values since 29-01-2024, 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.
Sundaram Dynamic Asset Allocation Fund (Direct)
Sundaram Multi Asset Allocation Fund (Direct)
Sundaram Dynamic Asset Allocation vs Sundaram Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Sundaram Dynamic Asset Allocation Fund, September 2026; Sundaram Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 68.6%
- Held by both
- 58
- Only in Sundaram Dynamic Asset Allocation
- 16
- Only in Sundaram Multi Asset Allocation
- 10
| Security | % of Sundaram Dynamic Asset Allocation | % of Sundaram Multi Asset Allocation |
|---|---|---|
| ICICI Bank Ltd | 7.12% | 4.67% |
| Reliance Industries Ltd | 5.12% | 3.52% |
| Bharti Airtel Ltd | 3.86% | 3.11% |
| Larsen & Toubro Ltd | 2.98% | 3.17% |
| HDFC Bank Ltd | 3.79% | 2.87% |
| Eternal Ltd (Previously Zomato Ltd) | 4.20% | 2.47% |
| Kotak Mahindra Bank Ltd | 3.24% | 1.97% |
| 7.38% Central Government Securities 20/06/2027 | 1.90% | 3.30% |
| TVS Motor Company Ltd | 1.86% | 2.04% |
| One 97 Communications Ltd | 1.55% | 1.66% |
| Cholamandalam Investment and Finance Company Ltd | 1.95% | 1.51% |
| Hindalco Industries Ltd | 1.47% | 1.59% |
| Oracle Financial Services Software Ltd | 1.38% | 1.49% |
| Mahindra & Mahindra Ltd | 1.34% | 1.45% |
| Vedanta Aluminium Metal Ltd | 1.29% | 1.36% |
| Coforge Ltd | 1.27% | 1.40% |
| Bajaj Finserv Ltd | 2.20% | 1.24% |
| Fractal Analytics Ltd | 1.16% | 1.25% |
| Amber Enterprises India Ltd | 1.11% | 1.19% |
| Poonawalla Fincorp Ltd | 1.09% | 1.17% |
| Granules India Ltd | 1.07% | 1.13% |
| Cummins India Ltd | 1.06% | 1.16% |
| Aster DM Healthcare Ltd | 1.06% | 1.12% |
| MTAR Technologies Ltd | 1.05% | 1.12% |
| Coromandel International Ltd | 1.04% | 1.13% |
| Billionbrains Garage Ventures Ltd | 1.04% | 1.11% |
| SBI Life Insurance Company Ltd | 0.99% | 1.06% |
| Sun Pharmaceutical Industries Ltd | 0.97% | 1.04% |
| PB Fintech Ltd | 0.97% | 1.03% |
| 7.32% Government Securities-13/11/2030 | 1.91% | 0.95% |
| Force Motors Ltd | 0.95% | 1.02% |
| Multi Commodity Exchange of India Ltd | 0.92% | 0.96% |
| UNO Minda Ltd | 0.89% | 0.95% |
| JSW Infrastructure Ltd | 0.87% | 0.96% |
| Ultratech Cement Ltd | 0.84% | 0.93% |
| Delhivery Ltd | 0.84% | 0.86% |
| Horizon Industrial Parks Ltd | 0.79% | 0.84% |
| Interglobe Aviation Ltd | 0.78% | 0.84% |
| Mankind Pharma Ltd | 0.77% | 0.85% |
| Home First Finance Company Ltd | 0.75% | 0.80% |
| 6.48% Central Government Securities 06/10/2035 | 3.53% | 0.75% |
| CCL Products (India) Ltd | 0.74% | 0.77% |
| CRISIL Ltd | 0.73% | 0.77% |
| Bajaj Auto Ltd | 0.69% | 0.74% |
| Gland Pharma Ltd | 0.64% | 0.76% |
| Ashok Leyland Ltd | 0.62% | 0.67% |
| Alkem Laboratories Ltd | 0.62% | 0.64% |
| 6.94% Central Government Securities 11/05/2036 | 2.47% | 0.61% |
| Indegene Limited | 0.61% | 0.66% |
| Mrs. Bectors Food Specialities Ltd | 0.59% | 0.65% |
| Prudent Corporate Advisory Services Ltd | 0.56% | 0.65% |
| Lupin Ltd | 0.56% | 0.59% |
| Clean Science & Technology Ltd | 0.51% | 0.56% |
| Cochin Shipyard Ltd | 0.50% | 0.51% |
| TD Power Systems Ltd | 0.50% | 0.51% |
| Thermax Ltd | 0.44% | 0.47% |
| Elecon Engineering Company Ltd | 0.38% | 0.41% |
| Dhoot Transmission Ltd | 0.24% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 68.6% means 68.6% 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 Sundaram Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| Embassy Office Parks REIT | 1.98% |
| REC LTD - 7.58% - 31/05/2029 | 1.56% |
| National Bank for Agriculture & Rural Development - 7.1% - 29/03/2029 | 1.54% |
| 7.23% Central Government Securities 15/04/2039 | 1.25% |
| National Bank for Agriculture & Rural Development - 7.62% - 31/01/2028 | 0.94% |
Largest holdings only in Sundaram Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| SBI-ETF GOLD | 7.17% |
| Nippon India ETF Gold Bees | 4.94% |
| Kotak Mutual Fund - Gold Exchange Traded Fund | 3.69% |
| HDFC Gold Exchange Traded Fund | 3.17% |
| DSP-GOLD ETF | 1.98% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Sundaram Dynamic Asset Allocation | Sundaram Multi Asset Allocation |
|---|---|---|
| Equity | 76.3% | 67.7% |
| Debt | 18.8% | 10.3% |
| Cash and others | 4.9% | 22.0% |
Market cap of stocks
| Market cap | Sundaram Dynamic Asset Allocation | Sundaram Multi Asset Allocation |
|---|---|---|
| Large Cap | 48.5% | 37.9% |
| Mid Cap | 14.5% | 15.6% |
| Small Cap | 11.7% | 12.6% |
| Not on AMFI's list | 1.5% | 1.6% |
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 | Sundaram Dynamic Asset Allocation | Sundaram Multi Asset Allocation |
|---|---|---|
| Banks | 14.7% | 9.5% |
| Finance | 7.4% | 5.5% |
| Automobiles | 4.8% | 5.3% |
| Petroleum Products | 5.1% | 3.5% |
| Pharmaceuticals & Biotechnology | 4.6% | 5.0% |
| Retailing | 4.2% | 2.5% |
| It - Software | 3.8% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Sundaram Dynamic Asset Allocation vs Sundaram Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Sundaram Dynamic Asset Allocation Fund | Sundaram Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 0.79% |
| Base expense ratio (Direct) | 0.58% | 0.44% |
| Total expense ratio (Regular) | 2.54% | 2.10% |
| Base expense ratio (Regular) | 1.81% | 1.58% |
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.
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Sundaram Dynamic Asset Allocation Fund vs Sundaram Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Sundaram Dynamic Asset Allocation Fund and Sundaram Multi Asset Allocation Fund?
Sundaram Dynamic Asset Allocation Fund is a Balanced Advantage fund, Sundaram Multi Asset Allocation Fund is a Multi Asset fund, run by Sundaram Mutual Fund. Their portfolios overlap 68.6%. Sundaram Dynamic Asset Allocation Fund charges 1.12% a year and Sundaram Multi Asset Allocation Fund 0.79%.
Which has given higher returns, Sundaram Dynamic Asset Allocation Fund or Sundaram Multi Asset Allocation Fund?
Over 1 year: Sundaram Dynamic Asset Allocation Fund −4.99%, Sundaram Multi Asset Allocation Fund −2.75%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Sundaram Dynamic Asset Allocation Fund or Sundaram Multi Asset Allocation Fund?
Sundaram Multi Asset Allocation Fund charges less: 0.79% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Sundaram Dynamic Asset Allocation Fund and Sundaram Multi Asset Allocation Fund overlap?
68.6%. They hold 58 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, BHARTIARTL. From each fund's latest monthly portfolio.
Which is riskier, Sundaram Dynamic Asset Allocation Fund or Sundaram Multi Asset Allocation Fund?
On SEBI's riskometer, Sundaram Dynamic Asset Allocation Fund is rated High and Sundaram Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 9.43% and 13.43% a year.
Can I invest in both Sundaram Dynamic Asset Allocation Fund and Sundaram Multi Asset Allocation Fund?
Yes. 68.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Sundaram Dynamic Asset Allocation Fund and Sundaram Multi Asset Allocation Fund?
Sundaram Dynamic Asset Allocation Fund: Bharath, Clyton Richard Fernandes, Kumaresh Ramakrishnan. Sundaram Multi Asset Allocation Fund: Rohit Seksaria, Clyton Richard Fernandes, Kumaresh Ramakrishnan, Arjun Nagarajan, Shalav Saket.
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.