Fundalysisby DARKHORSESTOCKS

Scheme

Nippon India Multi Asset Allocation Fund

Holds 95 companies worth ₹10,916 Cr in Sept 2026.

  • Fund house

    NipponThe fund house that runs this scheme.

  • AUM

    ₹18,044 CrNippon India Multi Asset Allocation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Up 0.3% on Aug 2026, ₹17,984 Cr.

  • Largest holding

    ICICI BankICICI Bank is 3.4% of this scheme's NAV.

  • Fund manager

    Kinjal DesaiRuns it since 1 Aug 2020, as the fund house dates it. With Vikram Dhawan (fund manager), Sushil Budhia (fund manager), Vinay Sharma (fund manager), Amber Singhania (fund manager).

Overview(8 Oct 2026)

Fund managers5

  1. Kinjal DesaiFund manager · Aug 2020 · 13y
  2. Vikram DhawanFund manager · Aug 2020 · 31y · B.E.
  3. Sushil BudhiaFund manager · Mar 2021 · 25y · CA
  4. Vinay SharmaFund manager · Jan 2026 · 22y
  5. Amber SinghaniaFund manager · Mar 2026 · 22y · MMS
  1. Ashutosh BhargavaAug 2020 – Apr 2026

Key facts

Benchmark
50% of BSE 500 TRI, 20% of MSCI World Index TRI, 15% of CRISIL Short Term Bond Index, 10% of Domestic prices of Gold & 5% of Domestic prices of Silver
Risk
Very High
Expense
Regular 1.44% · Direct 0.47%
Exit load
10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
Started
28 Aug 2020
Minimum
₹5,000

Source.Its Scheme Summary Document as of 8 Oct 2026 at AMFI.

What changed(29 changes)

Oct 2026

1 change
  1. Expense ratio
    8 OctRegular 1.32% → 1.44%Direct 0.35% → 0.47%

Sept 2026

1 change
  1. Expense ratio
    9 SeptRegular 1.43% → 1.32%Direct 0.46% → 0.35%

Aug 2026

2 changes

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Aug 2020 – now)

  1. Kinjal Desai
  2. Vikram Dhawan
  3. Sushil Budhia
  4. Vinay Sharma
  5. Amber Singhania
  6. Ashutosh Bhargava
MainCoSlice202120222023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
26 changesRegularDirectΔ pt
8 Oct 20261.44%0.47%0.12
9 Sept 20261.32%0.35%0.11
23 Aug 20261.43%0.46%0.02
9 Aug 20261.45%0.48%0.06
9 Jul 20261.44%0.42%0.32
9 Jun 20261.75%0.74%0.07
14 May 20261.68%0.67%0.25
7 May 20261.43%0.42%0.13
9 Apr 20261.57%0.55%0.25
9 Mar 20261.36%0.30%0.04
9 Feb 20261.36%0.26%0.03
8 Jan 20261.39%0.29%0.02
9 Dec 20251.40%0.27%0.01
10 Nov 20251.41%0.28%0.01
10 Sept 20251.43%0.27%0.01
8 Aug 20251.44%0.28%0.04
10 Jun 20251.44%0.24%0.02
10 May 20251.46%0.26%0.01
10 Apr 20251.47%0.27%0.03
10 Feb 20251.49%0.30%0.01
10 Jan 20251.50%0.31%0.03
10 Dec 20241.50%0.28%0.01
11 Nov 20241.51%0.29%0.01
10 Oct 20241.52%0.30%0.02
20 Sept 20241.52%0.28%0.01
20 Aug 20241.53%0.29%–
Direct plan, 8 Oct 2026
0.47%
Regular plan 1.44% · Exit load 10% of the units allotted shall be redeemed without any exit load, on or before completion of 12 months from the date of allotment of units. Any redemption in excess of such limit in the first 12 months from the date of allotment shall be subject to the following exit load. Redemption of units would be done on First in First out Basis (FIFO): • 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units. • Nil, if redeemed or switched out after completion of 12 months from the date of allotment of units.
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(8 Oct 2026)

Objective

The primary investment objective of Nippon India Multi Asset Allocation Fund is to seek long term capital growth by investing in equity and equity related securities, debt & money market instruments and Exchange Traded Commodity Derivatives and Gold ETF, Silver ETF as permitted by SEBI from time to time. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Moderately High
Type
Open
Benchmark
50% of BSE 500 TRI, 20% of MSCI World Index TRI, 15% of CRISIL Short Term Bond Index, 10% of Domestic prices of Gold & 5% of Domestic prices of Silver

Asset allocation it may hold% of NAV

  1. Equity & Equity related securities (including overseas securities /Overseas ETF)
    Allowed50–80%
  2. Debt & Money Market Instruments
    Allowed10–35%Holds39.5%
  3. Commodities
    Allowed10–30%Holds0.0%

Holds in Sept 2026.58.6% equity · 39.5% debt and cash · 1.9% REITs and InvITs

How to invest(8 Oct 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
Any
Systematic
SIP - Monthly, Quarterly, Yearly SWP - Monthly / Quarterly / Half yearly / Yearly STP - Daily/ Weekly/ Fortnightly/ Monthly / Quarterly
Dates
SIP - 1st to 31st of a month SWP - 1st, 8th, 15th, 22nd transaction day (if holiday, then next working day) STP - 1st to 28th of a month
Minimum
SIP - Rs.100/- per month (minimum 60 months) Rs.500/- per month (minimum 12 months) Rs.1000/- per month (minimum 6 months) Rs. 500/- per quarter (minimum 12 quarters) Rs.1500/- per quarter (minimum 4 quarters) Rs. 5000/- per year (minimum 2 years) SWP - 500 STP - Daily- Minimum of Rs. 100 Weekly / Fortnight / Monthly option - Rs. 1000 Quarterly - Rs. 3000 Capital Appreciation Monthly/ Quarterly - Rs. 500, then sIP - Rs. 500 if SIP amount is 5,000 per year & Rs. 1 for any other amount SWP - 1 STP - 1
Instalments
SIP - 60 months for Rs. 100 per month 12 months for Rs. 500 per month 6 months for Rs. 1,000 per month 12 quarters for Rs. 500 per quarter 4 quarters for Rs. 1500 per quarter 2 years for Rs. 5000 per Year SWP - 2 STP - 2
Most
SIP - Any SWP - Any STP - Any

Selling and switching

To redeem
₹100 or Any units
Switch minimum
₹5,000

Scheme details(8 Oct 2026)

What it is

Category
Hybrid: Multi Asset Allocation
Offer
7 Aug 2020 to 21 Aug 2020
Started
28 Aug 2020
Reopened
31 Aug 2020
Plans
Direct IDCW Plan Payout · Direct IDCW Plan Reinvestment · Direct Growth Plan Growth · IDCW Plan Payout · IDCW Plan Reinvestment · Growth Plan Growth
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
No
Custodian
Deutsche Bank
Auditor
Walker Chandiok & Co LLP
Registrar
KFin Technologies Limited
SEBI code
NIMF/O/H/MAA/20/01/0106