Nippon India Multi Asset Allocation Fund is a Multi Asset fund run by Nippon India Mutual Fund. On 30-09-2026, it managed ₹18,044 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 18.0% a year and its Regular plan returned 16.6% a year.
NAV (Direct plan)
₹25.81
▲ 0.39% · 29-10-2026
NAV (Regular plan)
₹23.82
▲ 0.39% · 29-10-2026
Expense ratio
0.48%Direct1.44%Regular
0.48%
A year
Riskometer
Not available
Set by the fund house
3 year return
18.0%Direct16.6%Regular
18.0%
A year
Nippon India Multi Asset Allocation Fund NAV Today
NAV on 29-10-2026: Direct Plan Growth ₹25.81 (up 0.39% that day); Regular Plan Growth ₹23.82 (up 0.39% that day).
This fund (Direct plan)
₹25.8142
Nippon India Multi Asset Allocation Fund Returns vs Multi Asset Funds
Returns as on 29-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−2.06%
−3.53%
−1.74%
+3.05%
+17.96%
+13.83%
--
This fund (Regular)
−2.13%
−3.76%
−2.22%
+2.00%
+16.60%
+12.44%
--
Multi Asset average
−1.71%
−3.33%
−1.78%
+2.00%
+14.20%
+12.56%
--
Best in Multi Asset
+0.22%
+1.02%
+3.21%
+8.36%
+21.56%
+18.33%
--
Worst in Multi Asset
−3.85%
−5.28%
−5.92%
−3.66%
+7.53%
+8.22%
--
Rank in Multi Asset
28/37
18/36
14/34
14/31
2/15
3/8
--
Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. The fund house names no benchmark we can show, so the category average is the comparison.
Nippon India Multi Asset Allocation Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+0.43%
−0.40%
2025
+20.96%
+19.56%
2024
+20.14%
+18.65%
2023
+25.92%
+24.27%
2022
+4.63%
+3.22%
2021
+21.10%
+19.20%
Nippon India Multi Asset Allocation Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 778 periods, one for each trading day from 31-08-2023 to 29-10-2026.
0%5%10%15%20%25%
Nippon India Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
Dec 2020 to Dec 2023Jun 2021 to Jun 2024Dec 2021 to Dec 2024Jul 2022 to Jul 2025Jan 2023 to Jan 2026Jul 2023 to Jul 2026
Nippon India Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
0%
0%
Below 0%
0%
0%
0-5%
0%
0%
5-10%
1%
11%
10-15%
64%
86%
15-20%
35%
3%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
1,273
16.9%
−2.3%
39.0%
1%
14.8%
66%
2 years
1,025
17.7%
6.9%
29.5%
0%
17.5%
71%
3 years
778
18.6%
14.0%
24.5%
0%
17.6%
81%
5 years
287
17.7%
13.4%
20.7%
0%
16.4%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
63
15.9%
−4.7%
38.1%
5%
15.0%
71%
2 years
51
17.1%
7.0%
31.7%
0%
15.2%
76%
3 years
39
20.0%
12.5%
25.6%
0%
17.7%
90%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Nippon India Multi Asset Allocation Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Nippon India Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+3.05%
+2.25%
Standard deviation
11.30%
10.59%
Sharpe ratio
-0.19
-0.28
Sortino ratio
-0.26
-0.38
Maximum drawdown
−10.8%
(23-03-2026)
−10.3%
(23-03-2026)
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.
Measure
Nippon India Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+17.96%
+14.48%
Standard deviation
10.00%
8.81%
Sharpe ratio
1.19
0.96
Sortino ratio
1.63
1.30
Maximum drawdown
−10.8%
(23-03-2026)
−10.3%
(23-03-2026)
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.
Measure
Nippon India Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+13.83%
+12.42%
Standard deviation
9.50%
8.63%
Sharpe ratio
0.85
0.77
Sortino ratio
1.16
1.04
Maximum drawdown
−10.8%
(23-03-2026)
−10.3%
(23-03-2026)
From daily NAVs, 29-10-2021 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.
Measure
Nippon India Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+16.79%
+16.25%
Standard deviation
9.40%
8.66%
Sharpe ratio
1.22
1.26
Sortino ratio
1.70
1.73
Maximum drawdown
−10.8%
(23-03-2026)
−10.3%
(23-03-2026)
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.
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.
−12%−10%−8%−6%−4%−2%0%
Nippon India Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
202120222023202420252026
Nippon India Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
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%
Category average
−10.3%
29-01-2026
23-03-2026
21-08-2026
5 months
−6.1%
From the Direct plan's daily NAV since 31-08-2020, adjusted for unit splits, and the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Nippon India Multi Asset Allocation Fund vs Other Multi Asset Funds
The five Multi Asset funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Nippon India Multi Asset Allocation Fund Expense Ratio and Costs
What each plan charges a year, in force from 01-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Multi Asset median
Cost rank (1 = cheapest)
Direct
0.30%
0.04%
0.00%
0.14%
0.48%
0.85%
2/37
Regular
1.14%
0.04%
0.00%
0.26%
1.44%
2.15%
4/37
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Multi Asset funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
2.00%
3.05%
1.05%
₹1,02,000
₹1,03,050
3 years
16.60%
17.96%
1.36% a year
₹1,58,524
₹1,64,136
5 years
12.44%
13.83%
1.39% a year
₹1,79,723
₹1,91,110
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Nippon India Multi Asset Allocation Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 31-08-2020 to 29-10-2026: 75 instalments, ₹7,50,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planNippon India Multi Asset Allocation Fund (Direct)
₹7,50,000
₹12,08,978
₹4,58,978
15.2%
Regular planNippon India Multi Asset Allocation Fund (Regular)
₹7,50,000
₹11,55,991
₹4,05,991
13.7%
Category averageCategory average, 37 Multi Asset funds
₹7,50,000
₹11,42,552
₹3,92,552
13.3%
₹0₹5.0 L₹10.0 L₹15.0 L
Direct planNippon India Multi Asset Allocation Fund (Direct)
Regular planNippon India Multi Asset Allocation Fund (Regular)
Category averageCategory average, 37 Multi Asset funds
Amount invested
202120222023202420252026
Direct planNippon India Multi Asset Allocation Fund (Direct)Regular planNippon India Multi Asset Allocation Fund (Regular)Category averageCategory average, 37 Multi Asset fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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.
Nippon India Multi Asset Allocation Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
62.0%Equity
Asset
Fund
Category
Equity
62.0%
58.2%
Cash and others
19.3%
25.6%
Debt
18.6%
16.2%
Market cap of stocks
Market cap
Fund
Category
Large Cap
40.1%
35.1%
Mid Cap
10.3%
11.8%
Small Cap
7.0%
9.3%
Foreign stocks
4.5%
0.8%
Not on AMFI's list
0.2%
1.1%
Share of the whole fund. Category: the average of the Multi Asset funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 37 Multi Asset funds.
Rating
Fund
Category
Sovereign
5.3%
5.3%
AAA and A1+
7.3%
8.2%
AA
6.0%
2.4%
Nippon India Multi Asset Allocation Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks12.3%
Retailing6.6%
Other4.5%
Finance3.1%
Consumer Durables3.0%
Automobiles3.0%
Insurance2.9%
IT - Software2.2%
Power2.1%
Aerospace & Defense1.8%
The ten largest of 35 sectors. The other 25 add up to 20.4%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
11.8%
12.4%
12.3%
+0.5%
Retailing
6.6%
6.7%
6.6%
0.0%
Other
4.7%
4.6%
4.5%
−0.2%
Finance
3.1%
3.3%
3.1%
0.0%
Consumer Durables
3.3%
2.5%
3.0%
−0.3%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Nippon India Multi Asset Allocation Fund Portfolio Holdings
As on 30-09-2026 · 165 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Nippon India ETF Gold Bees
7.94%
iShares MSCI World ETF
4.52%
0.0%
ICICI Bank Limited
Banks
3.44%
0.0%
HDFC Bank Limited
Banks
3.25%
+9.3%
Nippon India Silver ETF
2.70%
Axis Bank Limited
Banks
2.42%
+16.3%
State Bank of India
Banks
1.69%
0.0%
Eternal Limited
Retailing
1.65%
0.0%
Reliance Industries Limited
Petroleum Products
1.49%
+9.7%
Mahindra & Mahindra Limited
Automobiles
1.44%
0.0%
Info Edge (India) Limited
Retailing
1.42%
0.0%
Infosys Limited
IT - Software
1.35%
0.0%
Hindustan Aeronautics Limited
Aerospace & Defense
1.35%
0.0%
Hindustan Unilever Limited
Diversified FMCG
1.33%
+18.6%
HDFC Life Insurance Company Limited
Insurance
1.27%
+266.5%
Trent Limited
Retailing
1.24%
0.0%
HDFC Asset Management Company Limited
Capital Markets
1.23%
+144.3%
Kotak Mahindra Bank Limited
Banks
1.16%
0.0%
NTPC Limited
Power
1.14%
+14.3%
364 Days Tbill · Treasury bill
1.10%
Varun Beverages Limited
Beverages
1.05%
0.0%
Avenue Supermarts Limited
Retailing
1.01%
+64.0%
Life Insurance Corporation Of India
Insurance
0.98%
+50.5%
Bajaj Auto Limited
Automobiles
0.97%
0.0%
182 Days Tbill · Treasury bill
0.96%
LG Electronics India Ltd
Consumer Durables
0.96%
0.0%
Muthoot Finance Limited · Bond
CRISIL AA+
0.89%
Swiggy Limited
Retailing
0.81%
0.0%
Oil & Natural Gas Corporation Limited
Oil
0.81%
0.0%
Titan Company Limited
Consumer Durables
0.81%
0.0%
Jubilant Foodworks Limited
Leisure Services
0.76%
0.0%
Sun Pharmaceutical Industries Limited
Pharmaceuticals & Biotechnology
0.75%
+6.7%
Altius Telecom Infrastructure Trust
Telecom - Services
0.75%
Knowledge Realty Trust
Realty
0.72%
Bluestone Jewellery and Lifestyle Limited
Consumer Durables
0.71%
+61.4%
Max Financial Services Limited
Insurance
0.68%
+227.4%
Siemens Energy India Limited
Electrical Equipment
0.67%
0.0%
Devyani International Limited
Leisure Services
0.65%
0.0%
Bharti Airtel Limited
Telecom - Services
0.61%
0.0%
Tata Consumer Products Limited
Agricultural Food & other Products
0.60%
+21.3%
Bajaj Finserv Limited
Finance
0.60%
0.0%
Hyundai Motor India Ltd
Automobiles
0.59%
0.0%
8.95% Vedanta Limited · Bond
CRISIL AA+
0.58%
7.67% State Government Securities · State government security
SOVEREIGN
0.56%
Tube Investments of India Limited
Auto Components
0.56%
+90.1%
91 Days Tbill · Treasury bill
0.55%
7.28% REC Limited · Bond
CRISIL AAA
0.55%
Muthoot Finance Limited · Bond
CRISIL AA+
0.55%
Cholamandalam Financial Holdings Limited
Finance
0.54%
0.0%
7.17% Government of India · Government security
SOVEREIGN
0.53%
Vedanta Aluminium Metal Limited
Non - Ferrous Metals
0.53%
+27.6%
7.79% Bajaj Finance Limited · Bond
CRISIL AAA
0.53%
Shriram Finance Limited
Finance
0.53%
0.0%
Cube Highways Trust-InvIT Fund
Transport Infrastructure
0.49%
ITC Limited
Diversified FMCG
0.49%
0.0%
Bharat Dynamics Limited
Aerospace & Defense
0.48%
+19.1%
Piramal Finance Limited
Finance
0.48%
+90.8%
Balkrishna Industries Limited
Auto Components
0.48%
+16.5%
Godrej Consumer Products Limited
Personal Products
0.47%
New
Jindal Steel Limited
Ferrous Metals
0.47%
0.0%
7.44% National Bank For Agriculture and Rural Development · Bond
CRISIL AAA
0.44%
InterGlobe Aviation Limited
Transport Services
0.43%
0.0%
Indus Infra Trust
Transport Infrastructure
0.42%
Cholamandalam Investment and Finance Company Ltd · Bond
ICRA AA+
0.42%
8.75% Vedanta Limited · Bond
ICRA AA+
0.42%
91 Days Tbill · Treasury bill
0.41%
GE Vernova T&D India Limited
Electrical Equipment
0.41%
0.0%
7.29% Small Industries Dev Bank of India · Bond
CRISIL AAA
0.41%
8.15% Tata Capital Limited · Bond
CRISIL AAA
0.41%
IndiGrid Infrastructure Trust
Power
0.40%
Bajaj Finance Limited
Finance
0.40%
0.0%
ZF Commercial Vehicle Control Systems India Limited
Auto Components
0.39%
0.0%
Kirloskar Oil Engines Limited
Industrial Products
0.38%
0.0%
8.5% Godrej Finance Limited · Bond
CRISIL AA+
0.37%
Tech Mahindra Limited
IT - Software
0.37%
0.0%
RBL Bank Limited
Banks
0.37%
0.0%
Mankind Pharma Limited
Pharmaceuticals & Biotechnology
0.35%
0.0%
Samvardhana Motherson International Limited
Auto Components
0.35%
−47.1%
Coforge Limited
IT - Software
0.34%
0.0%
United Spirits Limited
Beverages
0.34%
0.0%
JSW Dulux Limited
Consumer Durables
0.33%
New
Power Finance Corporation Limited
Finance
0.33%
0.0%
8.15% Gabriel India Limited · Bond
CRISIL AA+
0.33%
FSN E-Commerce Ventures Limited
Retailing
0.32%
−10.0%
8.8% REC Limited · Bond
CRISIL AAA
0.31%
Grasim Industries Limited
Cement & Cement Products
0.31%
0.0%
NTPC Green Energy Limited
Power
0.31%
0.0%
Apollo Hospitals Enterprise Limited
Healthcare Services
0.31%
0.0%
Acme Solar Holdings Ltd
Power
0.31%
0.0%
8.2% Adani Power Limited · Bond
CRISIL AA
0.30%
JSW Kalinga Steel Limited · Bond
CRISIL AA
0.29%
7.6% Power Finance Corporation Limited · Bond
CRISIL AAA
0.28%
KFin Technologies Limited
Capital Markets
0.28%
0.0%
7.68% National Bank For Agriculture and Rural Development · Bond
CRISIL AAA
0.28%
7.48% National Bank For Agriculture and Rural Development · Bond
CRISIL AAA
0.28%
8.65% Bharti Telecom Limited · Bond
CRISIL AAA
0.28%
7.83% Small Industries Dev Bank of India · Bond
CRISIL AAA
0.28%
7.61% Small Industries Dev Bank of India · Bond
CRISIL AAA
0.28%
TBO Tek Limited
Leisure Services
0.28%
0.0%
Hero Fincorp Limited · Bond
CRISIL AA+
0.28%
Tata Capital Limited · Bond
CRISIL AAA
0.28%
5.77% Government of India · Government security
SOVEREIGN
0.27%
7.79% Tata Capital Housing Finance Limited · Bond
CRISIL AAA
0.27%
7.7% Nuvoco Vistas Corporation Limited · Bond
CRISIL AA
0.27%
7.27% Power Finance Corporation Limited · Bond
CRISIL AAA
0.27%
7.16% National Bank For Agriculture and Rural Development · Bond
ICRA AAA
0.27%
9.05% Veritas Finance Private Limited · Bond
CARE AA-
0.27%
Sai Life Sciences Limited
Pharmaceuticals & Biotechnology
0.27%
0.0%
7.24% Government of India · Government security
SOVEREIGN
0.26%
Vedanta Limited
Diversified Metals
0.26%
0.0%
L&T Finance Limited
Finance
0.26%
0.0%
8% Adani Power Limited · Bond
CRISIL AA
0.25%
PB Fintech Limited
Financial Technology (Fintech)
0.24%
New
9.75% Delhi International Airport Limited · Bond
ICRA AA
0.24%
Delhivery Limited
Transport Services
0.23%
0.0%
Britannia Industries Limited
Food Products
0.23%
0.0%
Raajmarg Infra Investment Trust
Transport Infrastructure
0.23%
8.15% JIO Credit Limited · Bond
CRISIL AAA
0.22%
Kaynes Technology India Limited
Industrial Manufacturing
0.21%
0.0%
Hindustan Petroleum Corporation Limited
Petroleum Products
0.20%
0.0%
UltraTech Cement Limited
Cement & Cement Products
0.20%
0.0%
Kansai Nerolac Paints Limited
Consumer Durables
0.20%
0.0%
7.55% L&T Metro Rail (Hyderabad) Limited · Bond
CRISIL AAA(CE)
0.19%
Liquid Gold Series
CRISIL AAA(SO)
0.19%
7.8% Torrent Pharmaceuticals Limited · Bond
ICRA AA+
0.19%
PTC India Limited
Power
0.19%
0.0%
7.61% Kotak Mahindra Investments Limited · Bond
CRISIL AAA
0.19%
Global Health Limited
Healthcare Services
0.18%
0.0%
SBI Funds Management Limited
Capital Markets
0.18%
0.0%
Max Estates Limited
Realty
0.17%
0.0%
Mazagon Dock Shipbuilders Limited
Industrial Manufacturing
0.17%
0.0%
NLC India Limited
Power
0.17%
0.0%
SRF Limited
Chemicals & Petrochemicals
0.17%
0.0%
7.51% State Government Securities · State government security
SOVEREIGN
0.16%
Sanofi Consumer Healthcare India Limited
Pharmaceuticals & Biotechnology
0.16%
0.0%
Persistent Systems Limited
IT - Software
0.15%
0.0%
DLF Limited
Realty
0.15%
0.0%
Alkem Laboratories Limited
Pharmaceuticals & Biotechnology
0.15%
0.0%
Prestige Estates Projects Limited
Realty
0.15%
0.0%
364 Days Tbill · Treasury bill
0.14%
8.41% Housing & Urban Development Corporation Limited · Bond
ICRA AAA
0.14%
7.94% ICICI Home Finance Company Limited · Bond
ICRA AAA
0.14%
7.4% Bharti Telecom Limited · Bond
CRISIL AAA
0.14%
Small Industries Dev Bank of India · Bond
CRISIL AAA
0.14%
Mahindra & Mahindra Financial Services Limited · Bond
CRISIL AAA
0.14%
8.1% Torrent Power Limited · Bond
CRISIL AA+
0.14%
TeamLease Services Limited
Commercial Services & Supplies
0.14%
0.0%
8.5% Godrej Housing Finance Limited · Bond
CRISIL AA+
0.13%
7.4% ICICI Bank Limited · Bond
ICRA AAA
0.13%
Thomas Cook (India) Limited
Leisure Services
0.12%
0.0%
Arvind Fashions Limited
Retailing
0.12%
0.0%
7.1% State Government Securities · State government security
SOVEREIGN
0.11%
8.4% Godrej Housing Finance Limited · Bond
CRISIL AA+
0.11%
7.96% HDB Financial Services Limited · Bond
CRISIL AAA
0.08%
6.75% State Government Securities · State government security
SOVEREIGN
0.06%
7.7% State Government Securities · State government security
SOVEREIGN
0.06%
6.85% State Government Securities · State government security
SOVEREIGN
0.05%
7.17% State Government Securities · State government security
SOVEREIGN
0.05%
National Highways Infra Trust · Bond
CARE AAA
0.05%
National Highways Infra Trust · Bond
CARE AAA
0.05%
6.85% National Bank For Agriculture and Rural Development · Bond
ICRA AAA
0.04%
7.77% State Government Securities · State government security
SOVEREIGN
0.03%
7.73% State Government Securities · State government security
SOVEREIGN
0.03%
7.62% National Bank For Agriculture and Rural Development · Bond
CRISIL AAA
0.03%
7.6% Torrent Pharmaceuticals Limited · Bond
ICRA AA+
0.00%
Nippon India Multi Asset Allocation Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Limited
↑Added
+9.3%
3.25%
Axis Bank Limited
↑Added
+16.3%
2.42%
Reliance Industries Limited
↑Added
+9.7%
1.49%
Hindustan Unilever Limited
↑Added
+18.6%
1.33%
HDFC Life Insurance Company Limited
↑Added
+266.5%
1.27%
HDFC Asset Management Company Limited
↑Added
+144.3%
1.23%
NTPC Limited
↑Added
+14.3%
1.14%
Avenue Supermarts Limited
↑Added
+64.0%
1.01%
Life Insurance Corporation Of India
↑Added
+50.5%
0.98%
Sun Pharmaceutical Industries Limited
↑Added
+6.7%
0.75%
Bluestone Jewellery and Lifestyle Limited
↑Added
+61.4%
0.71%
Samvardhana Motherson International Limited
↓Reduced
−47.1%
0.35%
Max Financial Services Limited
↑Added
+227.4%
0.68%
Tata Consumer Products Limited
↑Added
+21.3%
0.60%
Tube Investments of India Limited
↑Added
+90.1%
0.56%
Vedanta Aluminium Metal Limited
↑Added
+27.6%
0.53%
Bharat Dynamics Limited
↑Added
+19.1%
0.48%
Piramal Finance Limited
↑Added
+90.8%
0.48%
Balkrishna Industries Limited
↑Added
+16.5%
0.48%
Godrej Consumer Products Limited
↑New
New
0.47%
FSN E-Commerce Ventures Limited
↓Reduced
−10.0%
0.32%
JSW Dulux Limited
↑New
New
0.33%
ICICI Prudential Asset Management Company Limited
↓Sold out
−100%
was 0.30%
One 97 Communications Limited
↓Sold out
−100%
was 0.27%
PB Fintech Limited
↑New
New
0.24%
Cyient Dlm Ltd
↓Sold out
−100%
was 0.15%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Nippon India Multi Asset Allocation Fund Overview
Fund facts from the scheme summary document
Expense ratio (Direct)
0.48%
Expense ratio (Regular)
1.44%
Category
Multi Asset
Risk
Not available
Benchmark
Not available
Launch date
Not available
Minimum investment
Not available
Minimum additional investment
Not available
AUM
₹18,044.33 Cr (30-09-2026)
Lock in
Not available
Scheme code (Direct)
148457
ISIN (Direct)
INF204KB19V4
Scheme code (Regular)
148459
ISIN (Regular)
INF204KB16V0
NAV history
From 31-08-2020, 6.2 years
Exit load
Not available
Tax on Nippon India Multi Asset Allocation Fund returns
How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹25.8142
29-10-2026
direct
IDCW
₹24.3443
29-10-2026
regular
Growth
₹23.8156
29-10-2026
regular
IDCW
₹22.3508
29-10-2026
About Nippon India Multi Asset Allocation Fund
Nippon India Multi Asset Allocation Fund is a mutual fund from Nippon India Mutual Fund. Its category is Multi Asset. At the end of September 2026 it held 165 securities.
Frequently Asked Questions for Nippon India Multi Asset Allocation Fund
What is the current NAV of Nippon India Multi Asset Allocation Fund?
The Direct plan NAV is ₹25.8142. The Regular plan NAV is ₹23.8156, as on 29-10-2026.
What are the returns of Nippon India Multi Asset Allocation Fund?
The Direct plan returned +3.05% in 1 year, +17.96% a year over 3 years, +13.83% a year over 5 years. The Regular plan returned +2.00% in 1 year, +16.60% a year over 3 years, +12.44% a year over 5 years. These figures are as on 29-10-2026.
What is the expense ratio of Nippon India Multi Asset Allocation Fund?
The Direct plan charges 0.48% a year. The Regular plan charges 1.44% a year. This is the figure the fund house reported to AMFI, in force from 01-10-2026.
What is the AUM of Nippon India Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund managed ₹18,044.33 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Nippon India Multi Asset Allocation Fund?
At the end of September 2026 the largest holdings were GOLDBEES (7.94%), iShares MSCI World ETF (4.52%), ICICIBANK (3.44%), HDFCBANK (3.25%), SILVERBEES (2.70%). The fund held 165 securities in all.
What did Nippon India Multi Asset Allocation Fund buy and sell in September 2026?
It bought 3 new stocks: Godrej Consumer Products Limited, JSW Dulux Limited, PB Fintech Limited. It sold out of 3: Cyient Dlm Ltd, ICICI Prudential Asset Management Company Limited, One 97 Communications Limited. It added shares in 18. It reduced 2.
How do I invest in Nippon India Multi Asset Allocation Fund?
Through Nippon India Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.
How does Nippon India Multi Asset Allocation Fund rank in its category?
The Direct plan ranks 2 of 15 Multi Asset funds by its 3 year return. The category average is +14.20% a year.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its 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.
Track Nippon India Multi Asset Allocation Fund in WealthGamma
Add this fund once. WealthGamma updates its value every day and shows it next to your stocks, gold, deposits and loans.