SBI Multi Asset Allocation Fund

Multi AssetDirect and Regular plans, Growth and IDCW options

Data as on 29-10-2026

SBI Multi Asset Allocation Fund is a Multi Asset fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹21,044 Cr of investors' money. In the 3 years to 29-10-2026, its Direct plan returned 13.9% a year and its Regular plan returned 12.9% a year.

NAV (Direct plan): ₹71.85; ▲ 0.43%29-10-2026
NAV (Regular plan): ₹64.16; ▲ 0.43%29-10-2026
Expense ratio: 0.66%Direct1.39%Regular; 0.66%; A year
Riskometer: Very High; Set by the fund house
3 year return: 13.9%Direct12.9%Regular; 13.9%; A year

SBI Multi Asset Allocation Fund NAV Today

NAV on 29-10-2026: Direct Plan Growth ₹71.85 (up 0.43% that day); Regular Plan Growth ₹64.16 (up 0.43% that day).

This fund (Direct plan)

₹71.8526

SBI 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)	−2.02%	−3.49%	−2.44%	+2.50%	+13.91%	+12.53%	+11.56%
This fund (Regular)	−2.08%	−3.67%	−2.79%	+1.73%	+12.94%	+11.56%	+10.59%
Multi Asset average	−1.71%	−3.33%	−1.78%	+2.00%	+14.20%	+12.56%	+12.92%
Best in Multi Asset	+0.22%	+1.02%	+3.21%	+8.36%	+21.56%	+18.33%	+18.26%
Worst in Multi Asset	−3.85%	−5.28%	−5.92%	−3.66%	+7.53%	+8.22%	+10.69%
Rank in Multi Asset	27/37	16/36	23/34	16/31	7/15	4/8	3/6

Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. This fund's benchmark is 45% BSE 500 TRI + 40% Crisil Composite Bond Fund Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver.. Returns of that index are not available to us, so the category average is the comparison.

SBI Multi Asset Allocation Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	−1.49%	−2.09%
2025	+19.58%	+18.58%
2024	+13.87%	+12.79%
2023	+25.48%	+24.38%
2022	+6.96%	+5.98%
2021	+13.96%	+13.02%

SBI 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 2,576 periods, one for each trading day from 21-03-2016 to 29-10-2026.

−5%0%5%10%15%20%25%

Jan 2014
to
Jan 2017Nov 2015
to
Nov 2018Sept 2017
to
Sept 2020Jun 2019
to
Jun 2022Apr 2021
to
Apr 2024Dec 2022
to
Dec 2025

SBI Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	3,056	11.8%	−7.9%	37.0%	0%	12.2%	44%
2 years	2,819	12.2%	−1.9%	25.4%	0%	12.6%	46%
3 years	2,576	12.8%	1.3%	21.6%	0%	14.2%	44%
5 years	2,095	10.6%	4.9%	18.5%	0%	12.6%	27%
7 years	1,611	11.2%	7.6%	15.7%	0%	12.5%	12%
10 years	882	12.3%	10.5%	13.3%	0%	13.2%	0%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	152	11.3%	−12.5%	34.3%	4%	12.3%	43%
2 years	140	11.8%	−3.1%	26.9%	1%	12.2%	45%
3 years	128	12.2%	−0.3%	21.9%	1%	13.8%	41%
5 years	104	11.8%	3.3%	18.7%	0%	15.1%	36%
7 years	80	11.9%	5.7%	16.7%	0%	14.6%	11%
10 years	44	13.4%	10.0%	14.7%	0%	15.0%	0%

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.

SBI Multi Asset Allocation Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	SBI Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+2.50%	+2.25%
Standard deviation	9.13%	10.59%
Sharpe ratio	-0.30	-0.28
Sortino ratio	-0.40	-0.38
Maximum drawdown	−8.6% (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	SBI Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+13.91%	+14.48%
Standard deviation	7.94%	8.81%
Sharpe ratio	0.99	0.96
Sortino ratio	1.37	1.30
Maximum drawdown	−8.6% (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	SBI Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+12.53%	+12.42%
Standard deviation	7.38%	8.63%
Sharpe ratio	0.91	0.77
Sortino ratio	1.26	1.04
Maximum drawdown	−8.6% (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	SBI Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+11.56%	+12.83%
Standard deviation	7.36%	9.19%
Sharpe ratio	0.84	0.81
Sortino ratio	1.15	1.08
Maximum drawdown	−17.6% (23-03-2020)	−25.9% (23-03-2020)

From daily NAVs, 28-10-2016 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	SBI Multi Asset Allocation Fund (Direct)This fund	Category average
Return (CAGR)	+11.91%	+12.66%
Standard deviation	6.46%	8.38%
Sharpe ratio	0.91	0.79
Sortino ratio	1.25	1.06
Maximum drawdown	−17.6% (23-03-2020)	−25.9% (23-03-2020)

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.

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.

−30%−25%−20%−15%−10%−5%0%

2014201620182020202220242026

SBI 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
SBI Multi Asset Allocation Fund (Direct)	−17.6%	20-02-2020	23-03-2020	23-06-2020	3 months	−5.2%
Category average	−25.9%	20-02-2020	23-03-2020	31-07-2020	4 months	−6.1%

From the Direct plan's daily NAV since 19-03-2013, 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.

SBI 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.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Quant Multi Asset Allocation Fund	1/15	6,608	1.13%	+8.36%	+21.56%	--	--	1.37	1.95	Compare
Nippon India Multi Asset Allocation Fund	2/15	18,044	0.48%	+3.05%	+17.96%	--	--	1.19	1.63	Compare
DSP Multi Asset Allocation Fund	3/15	10,820	0.62%	+4.15%	+17.30%	--	--	1.32	1.84	Compare
Kotak Multi Asset Allocation Fund	4/15	15,236	0.63%	+4.34%	+16.23%	--	--	0.83	1.11	Compare
WhiteOak Capital Multi Asset Allocation Fund	5/15	9,111	0.65%	+6.03%	+16.11%	--	--	1.76	2.50	Compare
SBI Multi Asset Allocation Fund	7/15	21,044	0.66%	+2.50%	+13.91%	--	--	0.99	1.37

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.

SBI Multi Asset Allocation Fund Expense Ratio and Costs

What each plan charges a year, in force from 10-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Multi Asset median	Cost rank (1 = cheapest)
Direct	0.48%	0.02%	0.00%	0.16%	0.66%	0.85%	12/37
Regular	1.10%	0.02%	0.00%	0.27%	1.39%	2.15%	2/37

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	1.73%	2.50%	0.77%	₹1,01,730	₹1,02,500
3 years	12.94%	13.91%	0.97% a year	₹1,44,060	₹1,47,804
5 years	11.56%	12.53%	0.97% a year	₹1,72,800	₹1,80,444
10 years	10.59%	11.56%	0.97% a year	₹2,73,627	₹2,98,597

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.

SBI 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

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 19-03-2013 to 29-10-2026: 164 instalments, ₹16,40,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planSBI Multi Asset Allocation Fund (Direct)	₹16,40,000	₹39,73,335	₹23,33,335	12.1%
Regular planSBI Multi Asset Allocation Fund (Regular)	₹16,40,000	₹36,94,449	₹20,54,449	11.2%
Category averageCategory average, 37 Multi Asset funds	₹16,40,000	₹43,08,005	₹26,68,005	13.2%

₹0₹10.0 L₹20.0 L₹30.0 L₹40.0 L₹50.0 L

2014201620182020202220242026

Direct planSBI Multi Asset Allocation Fund (Direct)Regular planSBI 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.

SBI Multi Asset Allocation Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

44.9%Equity

Asset	Fund	Category
Equity	44.9%	58.2%
Debt	32.2%	16.2%
Cash and others	22.9%	25.6%

Market cap of stocks

Market cap	Fund	Category
Large Cap	19.4%	35.1%
Mid Cap	9.0%	11.8%
Small Cap	15.4%	9.3%
Not on AMFI's list	1.1%	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	1.3%	5.3%
AAA and A1+	10.2%	8.2%
AA	20.7%	2.4%

SBI Multi Asset Allocation Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks9.4%
Pharmaceuticals & Biotechnology3.3%
Auto Components2.7%
Transport Services2.4%
Finance2.4%
Power2.0%
Realty1.9%
Gas1.9%
Oil1.8%
Petroleum Products1.6%

The ten largest of 32 sectors. The other 22 add up to 15.7%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	9.9%	9.6%	9.4%	−0.5%
Pharmaceuticals & Biotechnology	3.5%	3.5%	3.3%	−0.2%
Auto Components	2.5%	2.4%	2.7%	+0.2%
Transport Services	2.7%	2.6%	2.4%	−0.3%
Finance	2.9%	2.7%	2.4%	−0.5%

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.

SBI Multi Asset Allocation Fund Portfolio Holdings

As on 30-09-2026 · 130 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
SBI Gold ETF	Mutual Fund/ETF	6.42%
SBI Silver ETF	Mutual Fund/ETF	3.57%
Brookfield India Real Estate Trust	Realty	2.42%
Cholamandalam Investment & Finance Co. Ltd.Perpetual · Bond	[ICRA]AA	2.21%
Embassy Office Parks Reit	Realty	1.97%
GAIL (India) Ltd.	Gas	1.89%	0.0%
HDFC Bank Ltd.	Banks	1.77%	0.0%
Bandhan Bank Ltd.	Banks	1.74%	0.0%
Delhivery Ltd.	Transport Services	1.68%	0.0%
ICICI Bank Ltd.	Banks	1.46%	0.0%
Indus Towers Ltd.	Telecom - Services	1.45%	0.0%
Mahindra & Mahindra Financial Services Ltd.	Finance	1.43%	0.0%
National Bank for Agriculture and Rural Development · Bond	[ICRA]AAA	1.40%
Biocon Ltd.	Pharmaceuticals & Biotechnology	1.39%	0.0%
Kotak Mahindra Bank Ltd.	Banks	1.33%	0.0%
Adani Power Ltd. · Bond	CRISIL AA	1.30%
JTPM Metal Traders Ltd. · Bond	CRISIL AA	1.28%
Samvardhana Motherson International Ltd.	Auto Components	1.26%	0.0%
JSW JFE Kalinga Steel Ltd. · Bond	CRISIL AA	1.24%
Oil & Natural Gas Corporation Ltd.	Oil	1.23%	0.0%
Syngene International Ltd.	Healthcare Services	1.22%	0.0%
Muthoot Finance Ltd. · Bond	CRISIL AA+	1.19%
CESC Ltd.	Power	1.18%	0.0%
Punjab National Bank	Banks	1.13%	0.0%
Cohance Lifesciences Ltd.	Pharmaceuticals & Biotechnology	1.10%	0.0%
Axis Bank Ltd.	Banks	1.05%	0.0%
Elevate Campuses Ltd.	Realty	1.02%	New
Knowledge Realty Trust	Realty	0.99%
Reliance Industries Ltd.	Petroleum Products	0.97%	0.0%
FSN E-Commerce Ventures Ltd.	Retailing	0.97%	0.0%
Aditya Birla Renewables Ltd. · Bond	CRISIL AA	0.95%
Cholamandalam Investment & Finance Co. Ltd. · Bond	[ICRA]AA+	0.95%
Small Industries Development Bank of India · Bond	CRISIL AAA	0.94%
HDB Financial Services Ltd. · Bond	CRISIL AAA	0.93%
Bajaj Finserv Ltd.	Finance	0.92%	0.0%
GMR Airports Ltd. · Bond	CRISIL AA-	0.89%
Bharti Telecom Ltd. · Bond	CRISIL AAA	0.84%
UPL Ltd.	Fertilizers & Agrochemicals	0.84%	0.0%
HDB Financial Services Ltd. · Bond	CRISIL AAA	0.83%
Torrent Power Ltd. · Bond	CRISIL AA+	0.83%
NHPC Ltd.	Power	0.79%	0.0%
Varun Beverages Ltd.	Beverages	0.78%	0.0%
Aurobindo Pharma Ltd.	Pharmaceuticals & Biotechnology	0.77%	0.0%
Aditya Birla Sun Life Amc Ltd.	Capital Markets	0.76%	0.0%
Deepak Nitrite Ltd.	Chemicals & Petrochemicals	0.73%	+100.0%
Mahindra Lifespace Developers Ltd.	Realty	0.73%	0.0%
91 DAY T-BILL 27.11.26 · Treasury bill	Sovereign	0.71%
Kogta Financial (India) Ltd. · Bond	CARE AA-	0.71%
Motilal Oswal Financial Services Ltd. · Bond	CRISIL AA+	0.71%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.71%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.71%
Sundaram Finance Ltd. · Bond	CRISIL AAA	0.71%
Gokaldas Exports Ltd.	Textiles & Apparels	0.71%	0.0%
Bajaj Housing Finance Ltd. · Bond	CRISIL AAA	0.70%
Bharti Telecom Ltd. · Bond	CRISIL AAA	0.70%
VRL Logistics Ltd.	Transport Services	0.65%	0.0%
Indian Oil Corporation Ltd.	Petroleum Products	0.64%	0.0%
Balrampur Chini Mills Ltd.	Agricultural Food & other Products	0.63%	0.0%
Sona Blw Precision Forgings Ltd.	Auto Components	0.60%	0.0%
Cholamandalam Investment & Finance Co. Ltd. · Bond	[ICRA]AA+	0.60%
Cholamandalam Investment & Finance Co. Ltd. · Bond	[ICRA]AA+	0.59%
Indostar Capital Finance Ltd. · Bond	CARE AA-	0.59%
Motilal Oswal Finvest Ltd. · Bond	CRISIL AA+	0.57%
Oil India Ltd.	Oil	0.53%	0.0%
Coromandel International Ltd.	Fertilizers & Agrochemicals	0.50%	0.0%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.48%
Mahindra & Mahindra Financial Services Ltd. · Bond	CRISIL AAA	0.48%
Indostar Capital Finance Ltd. · Bond	CARE AA-	0.48%
VIP Industries Ltd.	Consumer Durables	0.47%	0.0%
Avanse Financial Services Ltd. · Bond	IND AA	0.47%
Power Finance Corporation Ltd. · Bond	CRISIL AAA	0.47%
ITC Ltd.	Diversified FMCG	0.47%	0.0%
Godrej Industries Ltd. · Bond	CRISIL AA+	0.47%
Tata Power Company Ltd. · Bond	CRISIL AA+	0.47%
National Bank for Agriculture and Rural Development · Bond	CRISIL AAA	0.47%
6.01% CGL 2030 · Government security	Sovereign	0.46%
JM Financial Services Ltd. · Commercial paper	CRISIL A1+	0.46%
HCL Technologies Ltd.	IT - Software	0.46%	0.0%
Privi Speciality Chemicals Ltd.	Chemicals & Petrochemicals	0.46%	−22.8%
Hindustan Aeronautics Ltd.	Aerospace & Defense	0.44%	0.0%
Sedemac Mechatronics Ltd.	Auto Components	0.43%	New
Dabur India Ltd.	Personal Products	0.43%	0.0%
Indian Energy Exchange Ltd.	Capital Markets	0.43%	0.0%
Bank of Baroda	Banks	0.43%	0.0%
State Bank of India	Banks	0.43%	0.0%
ZF Commercial Vehicle Control Systems India Ltd.	Auto Components	0.42%	0.0%
Vedanta Aluminium Metal Ltd.	Non - Ferrous Metals	0.39%	0.0%
Indostar Capital Finance Ltd. · Bond	CARE AA-	0.38%
Kalpataru Projects International Ltd.	Construction	0.37%	0.0%
Muthoot Finance Ltd. · Bond	CRISIL AA+	0.36%
Godrej Seeds & Genetics Ltd. · Bond	CRISIL AA	0.30%
Godrej Seeds & Genetics Ltd. · Bond	CRISIL AA	0.28%
Godrej Seeds & Genetics Ltd. · Bond	CRISIL AA	0.28%
Arvind Ltd.	Textiles & Apparels	0.26%	0.0%
Colgate Palmolive (India) Ltd.	Personal Products	0.25%	0.0%
Reliance Industries Ltd. · Bond	CRISIL AAA	0.24%
Vishal Mega Mart Ltd.	Retailing	0.24%	0.0%
SMFG India Home Finance Co. Ltd. · Bond	CRISIL AAA	0.24%
Sagar Cements Ltd.	Cement & Cement Products	0.24%	0.0%
Small Industries Development Bank of India · Bond	CRISIL AAA	0.24%
TVS Credit Services Ltd. · Bond	CRISIL AA+	0.24%
HDB Financial Services Ltd. · Bond	CRISIL AAA	0.24%
Wipro Ltd.	IT - Software	0.23%	0.0%
TVS Credit Services Ltd. · Bond	CRISIL AA+	0.22%
Godrej Seeds & Genetics Ltd. · Bond	CRISIL AA	0.21%
ICICI Prudential Life Insurance Company Ltd.	Insurance	0.21%	0.0%
Life Insurance Corporation of India	Insurance	0.19%	0.0%
Bajaj Housing Finance Ltd. · Bond	CRISIL AAA	0.19%
HeidelbergCement India Ltd.	Cement & Cement Products	0.19%	0.0%
Emami Ltd.	Personal Products	0.18%	0.0%
Tata Steel Ltd.	Ferrous Metals	0.17%	0.0%
Infosys Ltd.	IT - Software	0.16%	0.0%
Ashoka Buildcon Ltd.	Construction	0.16%	0.0%
Ashiana Housing Ltd.	Realty	0.15%	0.0%
Jubilant Foodworks Ltd.	Leisure Services	0.14%	0.0%
Bharti Airtel Ltd.	Telecom - Services	0.13%	0.0%
6.94% CGL 2036 · Government security	Sovereign	0.12%
Mahindra Rural Housing Finance Ltd. · Bond	CRISIL AAA	0.12%
V-Mart Retail Ltd.	Retailing	0.10%	0.0%
Afcons Infrastructure Ltd.	Construction	0.09%	0.0%
Steel Authority of India Ltd.	Ferrous Metals	0.09%	−83.1%
Equitas Small Finance Bank Ltd.	Banks	0.07%	0.0%
Rallis India Ltd.	Fertilizers & Agrochemicals	0.05%	0.0%
Shiprocket Ltd.	Transport Services	0.04%	0.0%
PVR Inox Ltd.	Entertainment	0.04%	−2.7%
Elin Electronics Ltd.	Consumer Durables	0.03%	0.0%
Moneyview Ltd.	Finance	0.02%	New
Kusumgar Ltd.	Textiles & Apparels	0.01%	0.0%
CMR Green Technologies Ltd.	Industrial Products	0.00%	0.0%
LTM Ltd.	IT - Software	0.00%	−99.9%

SBI Multi Asset Allocation Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Elevate Campuses Ltd.	New	New	1.02%
Deepak Nitrite Ltd.	Added	+100.0%	0.73%
Pine Labs Ltd.	Sold out	−100%	was 0.65%
Steel Authority of India Ltd.	Reduced	−83.1%	0.09%
Privi Speciality Chemicals Ltd.	Reduced	−22.8%	0.46%
Sedemac Mechatronics Ltd.	New	New	0.43%
LTM Ltd.	Reduced	−99.9%	0.00%
PVR Inox Ltd.	Reduced	−2.7%	0.04%
Moneyview Ltd.	New	New	0.02%

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.

What SBI Multi Asset Allocation Fund bought and sold

SBI Multi Asset Allocation Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
SBI Balanced Advantage FundBalanced Advantage · SBI	36.7%	52	Compare
SBI Contra FundValue and Contra · SBI	27.5%	36	Compare
SBI Conservative Hybrid FundConservative Hybrid · SBI	25.9%	37	Compare
SBI Equity Savings FundEquity Savings · SBI	20.8%	36	Compare
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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.

SBI Multi Asset Allocation Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.66%
Expense ratio (Regular): 1.39%
Category: Multi Asset
Risk: Very High
Launch date: 21-12-2005
Minimum investment: ₹5,000
Minimum additional investment: ₹1,000
AUM: ₹21,044.19 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 119843
ISIN (Direct): INF200K01TZ3
Scheme code (Regular): 103408
ISIN (Regular): INF200K01800
NAV history: From 19-03-2013, 13.6 years

Benchmark: 45% BSE 500 TRI + 40% Crisil Composite Bond Fund Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver.
Exit load: For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months

Tax on SBI 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	₹71.8526	29-10-2026
direct	IDCW	₹40.9366	29-10-2026
direct	IDCW	₹32.2629	29-10-2026
direct	IDCW	₹34.1292	29-10-2026
regular	Growth	₹64.1572	29-10-2026
regular	IDCW	₹36.2797	29-10-2026
regular	IDCW	₹28.6885	29-10-2026
regular	IDCW	₹28.6606	29-10-2026

About SBI Multi Asset Allocation Fund

SBI Multi Asset Allocation Fund is a mutual fund from SBI Mutual Fund. Its category is Multi Asset. It was launched on 21-12-2005. Its benchmark is 45% BSE 500 TRI + 40% Crisil Composite Bond Fund Index + 10% Domestic Prices of Gold + 5% Domestic Prices of Silver.. At the end of September 2026 it held 130 securities.

Fund Manager

Mansi Sajeja
Fund manager of SBI Multi Asset Allocation Fund, since 12-02-2024
Dinesh Balachandran
Fund manager of SBI Multi Asset Allocation Fund, since 12-02-2024
Vandna Soni
Fund manager of SBI Multi Asset Allocation Fund, since 12-02-2024

See all funds of SBI Mutual Fund

AUM change

September 2026: ₹21,044.19 Cr; +0.52% from August 2026
August 2026: ₹20,935.04 Cr; +3.43% from July 2026
July 2026: ₹20,240.34 Cr; +4.58% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare SBI Multi Asset Allocation Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

SBI Multi Asset Allocation vs Quant Multi Asset AllocationMulti Asset
SBI Multi Asset Allocation vs Nippon India Multi Asset AllocationMulti Asset
SBI Multi Asset Allocation vs DSP Multi Asset AllocationMulti Asset
SBI Multi Asset Allocation vs Kotak Multi Asset AllocationMulti Asset
SBI Multi Asset Allocation vs WhiteOak Capital Multi Asset AllocationMulti Asset
SBI Multi Asset Allocation vs SBI Balanced Advantage36.7% overlap
SBI Multi Asset Allocation vs SBI Contra27.5% overlap
SBI Multi Asset Allocation vs SBI Conservative Hybrid25.9% overlap

Compare with any other fund

Frequently Asked Questions for SBI Multi Asset Allocation Fund

What is the current NAV of SBI Multi Asset Allocation Fund?

The Direct plan NAV is ₹71.8526. The Regular plan NAV is ₹64.1572, as on 29-10-2026.

What are the returns of SBI Multi Asset Allocation Fund?

The Direct plan returned +2.50% in 1 year, +13.91% a year over 3 years, +12.53% a year over 5 years. The Regular plan returned +1.73% in 1 year, +12.94% a year over 3 years, +11.56% a year over 5 years. These figures are as on 29-10-2026.

What is the expense ratio of SBI Multi Asset Allocation Fund?

The Direct plan charges 0.66% a year. The Regular plan charges 1.39% a year. This is the figure the fund house reported to AMFI, in force from 10-10-2026.

What is the AUM of SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund managed ₹21,044.19 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of SBI Multi Asset Allocation Fund?

At the end of September 2026 the largest holdings were SBIGOLD (6.42%), SBISILVER (3.57%), BIRET-RR (2.42%), Cholamandalam Investment & Finance Co. Ltd.Perpetual (2.21%), EMBASSY-RR (1.97%). The fund held 130 securities in all.

What did SBI Multi Asset Allocation Fund buy and sell in September 2026?

It bought 3 new stocks: Sedemac Mechatronics Ltd, Moneyview Ltd, Elevate Campuses Ltd. It sold out of 1: Pine Labs Ltd. It added shares in 1. It reduced 4.

How do I invest in SBI Multi Asset Allocation Fund?

Through SBI 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. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.

Who is the fund manager of SBI Multi Asset Allocation Fund?

Mansi Sajeja (since 12-02-2024), Dinesh Balachandran (since 12-02-2024), Vandna Soni (since 12-02-2024).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

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.