UTI Gold ETF Fund of Fund vs UTI Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
UTI Gold ETF Fund of Fund is a Fund of Funds fund and UTI Multi Asset Allocation Fund is a Multi Asset fund. In the 3 years to 30-10-2026, UTI Gold ETF Fund of Fund (Direct) returned 30.8% a year and UTI Multi Asset Allocation Fund (Direct) returned 13.7% a year. UTI Gold ETF Fund of Fund charges 0.07% a year and UTI Multi Asset Allocation Fund 0.89% (Direct plans). Their portfolios overlap 13.6%: they hold 1 of the same security.
UTI Gold ETF Fund of Fund
Fund of Funds
- 3 year return
- 30.8%
- Expense ratio
- 0.07%
- NAV
- ₹26.80
UTI Multi Asset Allocation Fund
Multi Asset
- 3 year return
- 13.7%
- Expense ratio
- 0.89%
- NAV
- ₹84.24
Which is better, UTI Gold ETF Fund of or UTI 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.
- UTI Gold ETF Fund of returned more over 3 years: 30.8% a year against 13.7%.
- UTI Gold ETF Fund of returned more over 1 year: 15.5% against −2.4%.
- UTI Gold ETF Fund of costs less: 0.07% a year against 0.89% (Direct plans).
- UTI Multi Asset Allocation swung less over 3 years: a standard deviation of 9.6% a year against 20.6%.
- UTI Multi Asset Allocation fell less in its worst fall since 31-10-2022: −11.0% against −23.6%.
- UTI Multi Asset Allocation is the larger fund: ₹6,634 Cr against ₹1,515 Cr.
- Their portfolios overlap 13.6%: 1 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 | UTI Gold ETF Fund of Fund | UTI Multi Asset Allocation Fund |
|---|---|---|
| Fund house | UTI Mutual Fund | UTI Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹1,515 Cr (30-09-2026) | ₹6,634 Cr (30-09-2026) |
| NAV | ₹26.80 (Direct) | ₹84.24 (Direct) |
| Expense ratio (Direct) | 0.07% | 0.89% |
| Expense ratio (Regular) | 0.46% | 1.82% |
| Riskometer | High | Very High |
| Benchmark | Gold Index | 65% BSE 200 TRI + 25% CRISIL Composite Bond Index + 7% Domestic Price of Gold + 2% Domestic Price of Silver + 1% iCOMDEX |
| Launch date | 28-10-2022 | 19-11-2008 |
| Minimum investment | ₹25 | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | None | None |
| Fund managers | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 | Sharwan Kumar Goyal FM 1, Lokesh Kulthia - FM 2, Jaydeep Bhowal -FM 3 |
| Exit load | Exit load of 1%, if redeemed within 15 days | Exit load of 1%, if redeemed within 30 days. |
UTI Gold ETF Fund of vs UTI 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 |
|---|---|---|---|---|---|---|---|
| UTI Gold ETF Fund of Fund (Direct) | −5.33% | −1.86% | −6.75% | +15.51% | +30.78% | -- | -- |
| UTI Multi Asset Allocation Fund (Direct) | −1.18% | −4.84% | −2.52% | −2.35% | +13.70% | +12.29% | +10.69% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | +14.20% | +12.56% | +12.92% |
Category average: the average of the 37 Multi Asset funds, same plan type.
UTI Gold ETF Fund of vs UTI Multi Asset Allocation: Year-wise Returns
| Year | Gold ETF Fund ofUTI Gold ETF Fund of | Multi Asset AllocationUTI Multi Asset Allocation |
|---|---|---|
| 2026to date | +1.08% | −4.97% |
| 2025 | +78.60% | +12.42% |
| 2024 | +20.03% | +21.90% |
| 2023 | +14.46% | +30.21% |
| 2022 | -- | +5.34% |
| 2021 | -- | +12.69% |
UTI Gold ETF Fund of vs UTI Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 245 of them, one for each trading day from 31-10-2025 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.
UTI Gold ETF Fund of Fund (Direct)
UTI Multi Asset Allocation Fund (Direct)
to
Nov 2025Jan 2023
to
Jan 2026Apr 2023
to
Apr 2026Jun 2023
to
Jun 2026Aug 2023
to
Aug 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UTI Gold ETF Fund of | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 100.0 | 35.2% | 34.8% | 30.7% | 44.7% |
| UTI Multi Asset Allocation | 0.0 | 0.0 | 0.0 | 11.4 | 50.6 | 38.0 | 0.0 | 18.6% | 18.6% | 13.2% | 22.9% |
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 31-10-2022. Past returns do not promise future returns.
UTI Gold ETF Fund of vs UTI 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 31-10-2022 to 30-10-2026: 49 instalments, ₹4,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| UTI Gold ETF Fund ofUTI Gold ETF Fund of Fund (Direct) | ₹4,90,000 | ₹8,58,704 | ₹3,68,704 | 28.4% |
| UTI Multi Asset AllocationUTI Multi Asset Allocation Fund (Direct) | ₹4,90,000 | ₹5,99,187 | ₹1,09,187 | 9.8% |
UTI Gold ETF Fund ofUTI Gold ETF Fund of Fund (Direct)
UTI Multi Asset AllocationUTI 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.
UTI Gold ETF Fund of vs UTI Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | UTI Gold ETF Fund of Fund (Direct) | UTI Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.51% | −2.35% |
| Standard deviation | 29.57% | 11.67% |
| Sharpe ratio | 0.35 | -0.65 |
| Sortino ratio | 0.47 | -0.86 |
| Maximum drawdown | −23.6% (23-03-2026) | −11.0% (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 | UTI Gold ETF Fund of Fund (Direct) | UTI Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +30.78% | +13.70% |
| Standard deviation | 20.64% | 9.63% |
| Sharpe ratio | 1.20 | 0.80 |
| Sortino ratio | 1.70 | 1.10 |
| Maximum drawdown | −23.6% (23-03-2026) | −11.0% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 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 | UTI Gold ETF Fund of Fund (Direct) | UTI Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +28.04% | +9.59% |
| Standard deviation | 18.56% | 10.26% |
| Sharpe ratio | 1.18 | 0.35 |
| Sortino ratio | 1.68 | 0.47 |
| Maximum drawdown | −23.6% (23-03-2026) | −25.0% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 31-10-2022 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.
UTI Gold ETF Fund of Fund (Direct)
UTI Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| UTI Gold ETF Fund of Fund (Direct) | −23.6% | 29-01-2026 | 23-03-2026 | Not yet | -- | −21.1% |
| UTI Multi Asset Allocation Fund (Direct) | −11.0% | 29-01-2026 | 23-03-2026 | 10-08-2026 | 5 months | −7.0% |
From daily values since 31-10-2022, 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.
UTI Gold ETF Fund of Fund (Direct)
UTI Multi Asset Allocation Fund (Direct)
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.
UTI Gold ETF Fund of Fund (Direct)
UTI Multi Asset Allocation Fund (Direct)
UTI Gold ETF Fund of vs UTI Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: UTI Gold ETF Fund of Fund, September 2026; UTI Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.6%
- Held by both
- 1
- Only in UTI Gold ETF Fund of
- 0
- Only in UTI Multi Asset Allocation
- 125
| Security | % of UTI Gold ETF Fund of | % of UTI Multi Asset Allocation |
|---|---|---|
| MF UNITS UTI MF- GOLD EXCHANGE TRADED FUND ETF | 100.35% | 13.63% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.6% means 13.6% 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 UTI Gold ETF Fund of Fund
Every holding of this fund is also held by the other.
Largest holdings only in UTI Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| EQ - ICICI BANK LTD | 3.23% |
| EQ - KOTAK MAHINDRA BANK LTD. | 3.14% |
| EQ - HDFC BANK LIMITED | 2.94% |
| EQ - ITC LTD. | 2.57% |
| EQ - NESTLE INDIA LTD. | 2.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | UTI Gold ETF Fund of | UTI Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 65.0% |
| Debt | 0.0% | 10.0% |
| Cash and others | 100.0% | 25.0% |
Market cap of stocks
| Market cap | UTI Gold ETF Fund of | UTI Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 48.7% |
| Mid Cap | -- | 13.3% |
| Small Cap | -- | 2.8% |
| Not on AMFI's list | -- | 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 | UTI Gold ETF Fund of | UTI Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 14.3% |
| IT - Software | 0.0% | 7.0% |
| Food Products | 0.0% | 4.1% |
| Pharmaceuticals & Biotechnology | 0.0% | 3.6% |
| Diversified FMCG | 0.0% | 3.3% |
| Automobiles | 0.0% | 3.3% |
The six largest sectors of each fund's stocks, % of the fund.
UTI Gold ETF Fund of vs UTI Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | UTI Gold ETF Fund of Fund | UTI Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.07% | 0.89% |
| Base expense ratio (Direct) | 0.05% | 0.64% |
| Total expense ratio (Regular) | 0.46% | 1.82% |
| Base expense ratio (Regular) | 0.40% | 1.47% |
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
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UTI Gold ETF Fund of Fund vs UTI Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between UTI Gold ETF Fund of Fund and UTI Multi Asset Allocation Fund?
UTI Gold ETF Fund of Fund is a Fund of Funds fund, UTI Multi Asset Allocation Fund is a Multi Asset fund, run by UTI Mutual Fund. Their portfolios overlap 13.6%. UTI Gold ETF Fund of Fund charges 0.07% a year and UTI Multi Asset Allocation Fund 0.89%.
Which has given higher returns, UTI Gold ETF Fund of Fund or UTI Multi Asset Allocation Fund?
Over 1 year: UTI Gold ETF Fund of Fund +15.51%, UTI Multi Asset Allocation Fund −2.35%. Over 3 years: UTI Gold ETF Fund of Fund +30.78% a year, UTI Multi Asset Allocation Fund +13.70% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, UTI Gold ETF Fund of Fund or UTI Multi Asset Allocation Fund?
UTI Gold ETF Fund of Fund charges less: 0.07% a year against 0.89%. These are the Direct plans' total expense ratios reported to AMFI.
How much do UTI Gold ETF Fund of Fund and UTI Multi Asset Allocation Fund overlap?
13.6%. They hold 1 of the same securities, the largest shared ones being GOLDBETA. From each fund's latest monthly portfolio.
Which is riskier, UTI Gold ETF Fund of Fund or UTI Multi Asset Allocation Fund?
On SEBI's riskometer, UTI Gold ETF Fund of Fund is rated High and UTI Multi Asset Allocation Fund Very High. Over 3 years, the standard deviation of daily returns was 20.64% and 9.63% a year.
Which is better for SIP, UTI Gold ETF Fund of Fund or UTI Multi Asset Allocation Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹5,68,922 in UTI Gold ETF Fund of Fund (XIRR 29.2% a year) and ₹4,01,836 in UTI Multi Asset Allocation Fund (XIRR 5.3% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both UTI Gold ETF Fund of Fund and UTI Multi Asset Allocation Fund?
Yes. 13.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages UTI Gold ETF Fund of Fund and UTI Multi Asset Allocation Fund?
UTI Gold ETF Fund of Fund: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3. UTI Multi Asset Allocation Fund: Sharwan Kumar Goyal FM 1, Lokesh Kulthia - FM 2, Jaydeep Bhowal -FM 3.
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.