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Fincash » SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund

SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund

Updated on March 31, 2025 , 2720 views

SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund both belong to the Multi Asset Allocation category of Mutual Funds. Multi asset allocation funds are a part of the hybrid category. The special part about this scheme is that the fund can invest in three asset classes. This means that multi asset allocation can invest in debt, equity and in one more Asset Class. As per the norms, the fund should invest a minimum of 10 percent in each of the asset classes. Though SBI Multi Asset Allocation Fund and HDFC Multi-Asset Fund both belong to the same category nevertheless; there exist numerous differences between them. So, let us understand the differences between both the schemes through this article.

SBI Multi Asset Allocation Fund (Erstwhile SBI Magnum Monthly Income Plan Floater)

SBI Multi Asset Allocation Fund, earlier known as SBI Magnum Monthly Income Plan Floater, was launched in the year 2005. The scheme aims to provide regular Income, attractive returns and liquidity in addition to mitigating the impact of interest rate risk through an actively managed Portfolio of Floating Rate and fixed rate debt instruments, money market instruments, derivatives and equity.

Some of the top holdings of the fund (as on 31st July 2018) are Govt Stock 2022, Gold - Mumbai, RMZ Infotech Private Limited, Housing Development Finance Corporation Limited, CLIX Capital Services Private Limited, etc.

HDFC Multi-Asset Fund (Erstwhile HDFC Multiple Yield Fund - Plan 2005)

HDFC Multi-Asset Fund, earlier known as HDFC Multiple Yield Fund - Plan 2005, was launched in the year 2005. The aim of the scheme is to generate positive returns over medium time frame with low-risk of Capital Loss over medium time frame.

Some of the top holdings of the fund (as on 30th July 2018) are Gold Bar 1 Kg (0.995 Purity), Kotak Mahindra Prime Limited, HDFC Bank Ltd, Reliance Industries Ltd, Shriram Transport Finance Co Ltd, etc.

SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund

There are a number of differences between SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund on a number of parameters. So, let’s understand the differences between these schemes with the help of four sections, given below.

Basics Section

Fincash Rating, current NAV, AUM, expense raito, scheme category, etc., are some of the comparable elements that form part of the basics section. With respect to the scheme category, both the schemes belong to the same category of Multi Asset Allocation-Hybrid Fund.

The comparison of Fincash Rating shows that, SBI Multi Asset Allocation Fund is a 4-Star rated scheme and HDFC Multi-Asset Fund is a 3-Star rated scheme*.

The summary of the basics section is as follows.

Parameters
BasicsNAV
Net Assets (Cr)
Launch Date
Rating
Category
Sub Cat.
Category Rank
Risk
Expense Ratio
Sharpe Ratio
Information Ratio
Alpha Ratio
Benchmark
Exit Load
SBI Multi Asset Allocation Fund
Growth
Fund Details
₹55.4634 ↓ -0.12   (-0.21 %)
₹7,351 on 15 Mar 25
21 Dec 05
Hybrid
Multi Asset
11
Moderate
1.64
0.13
0
0
Not Available
0-12 Months (1%),12 Months and above(NIL)
HDFC Multi-Asset Fund
Growth
Fund Details
₹67.54 ↓ 0.00   (0.00 %)
₹3,837 on 28 Feb 25
17 Aug 05
Hybrid
Multi Asset
33
Moderate
1.97
0.07
0
0
Not Available
0-15 Months (1%),15 Months and above(NIL)

Performance Section

The comparison of Compounded Annual Growth Rate or CAGR returns at different time intervals is done in the performance section. The comparison of the performance section shows that in most instances, HDFC Multi-Asset Fund has performed better than SBI Multi Asset Allocation Fund. The table given below shows the summary comparison of the performance section.

Parameters
Performance1 Month
3 Month
6 Month
1 Year
3 Year
5 Year
Since launch
SBI Multi Asset Allocation Fund
Growth
Fund Details
4%
-0.1%
-2.4%
9.4%
14%
16.3%
9.3%
HDFC Multi-Asset Fund
Growth
Fund Details
4.2%
0.1%
-2.1%
9.2%
12.2%
20.2%
10.2%

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Yearly Performance Section

Being the third section in the comparison of both the schemes, it analyses the differences in the absolute returns generated by both the schemes for a particular year. The analysis of yearly performance section shows that in some years, SBI Multi Asset Allocation Fund leads the race while in others, HDFC Multi-Asset Fund leads the race. The summary comparison of the yearly performance section is tabulated as follows.

Parameters
Yearly Performance2023
2022
2021
2020
2019
SBI Multi Asset Allocation Fund
Growth
Fund Details
12.8%
24.4%
6%
13%
14.2%
HDFC Multi-Asset Fund
Growth
Fund Details
13.5%
18%
4.3%
17.9%
20.9%

Other Details Section

Being the last section in the comparison, it includes parameters such as Minimum SIP investment and minimum lumpsum investment. The minimum SIP and lumpsum investment for both the schemes are same, that is, INR 500 and INR 5000, respectively.

SBI Multi Asset Allocation Fund is currently managed by Ruchit Mehta.

HDFC Multi-Asset Fund is currently managed by a group of fund managers- Anil Bamboli, Chirag Setalvad, Rakesh Vyas and Krishan Daga.

The summarized comparison of the other details section is as follows.

Parameters
Other DetailsMin SIP Investment
Min Investment
Fund Manager
SBI Multi Asset Allocation Fund
Growth
Fund Details
₹500
₹5,000
Dinesh Balachandran - 3.42 Yr.
HDFC Multi-Asset Fund
Growth
Fund Details
₹300
₹5,000
Anil Bamboli - 19.63 Yr.

Growth of 10k Investments over the years

Growth of 10,000 investment over the years.
SBI Multi Asset Allocation Fund
Growth
Fund Details
DateValue
31 Mar 20₹10,000
31 Mar 21₹12,606
31 Mar 22₹14,357
31 Mar 23₹15,088
31 Mar 24₹19,141
31 Mar 25₹21,145
Growth of 10,000 investment over the years.
HDFC Multi-Asset Fund
Growth
Fund Details
DateValue
31 Mar 20₹10,000
31 Mar 21₹14,982
31 Mar 22₹17,328
31 Mar 23₹18,249
31 Mar 24₹22,366
31 Mar 25₹24,611

Detailed Portfolio Comparison

Asset Allocation
SBI Multi Asset Allocation Fund
Growth
Fund Details
Asset ClassValue
Cash8.19%
Equity35.09%
Debt37.46%
Other19.26%
Equity Sector Allocation
SectorValue
Financial Services9.27%
Technology5.87%
Consumer Cyclical4.57%
Consumer Defensive4.47%
Industrials2.78%
Energy2.16%
Basic Materials1.82%
Health Care1.56%
Utility1.5%
Real Estate0.65%
Communication Services0.45%
Debt Sector Allocation
SectorValue
Corporate27.38%
Cash Equivalent9.11%
Securitized5.56%
Government3.6%
Credit Quality
RatingValue
A3.35%
AA61.82%
AAA32.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
SBI Gold ETF
- | -
11%₹789 Cr105,241,000
SBI Silver ETF
- | -
5%₹403 Cr41,296,178
↑ 7,800,000
Nippon India Silver ETF
- | -
3%₹254 Cr26,730,000
Brookfield India Real Estate Trust
Unlisted bonds | -
3%₹229 Cr7,664,234
Bharti Telecom Limited
Debentures | -
3%₹203 Cr20,000
Aditya Birla Renewables Limited
Debentures | -
3%₹200 Cr20,000
Tata Power Renewable Energy Ltd. (Guaranteed By Tata Power Ltd.)
Debentures | -
3%₹200 Cr20,000
Embassy Office Parks Reit
Unlisted bonds | -
2%₹180 Cr4,900,000
Infopark Properties Ltd.
Debentures | -
2%₹160 Cr16,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFCBANK
2%₹157 Cr921,000
Asset Allocation
HDFC Multi-Asset Fund
Growth
Fund Details
Asset ClassValue
Cash28.02%
Equity44.22%
Debt15.71%
Other12.04%
Equity Sector Allocation
SectorValue
Financial Services19.22%
Consumer Cyclical10.74%
Energy6.62%
Technology5.97%
Consumer Defensive5.77%
Industrials4.35%
Basic Materials4.28%
Health Care3.92%
Communication Services2.94%
Utility1.82%
Real Estate1.22%
Debt Sector Allocation
SectorValue
Cash Equivalent27.41%
Government7.59%
Corporate7.55%
Securitized1.18%
Credit Quality
RatingValue
AA6.09%
AAA93.91%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Gold ETF
- | -
12%₹470 Cr64,290,017
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE
6%₹224 Cr1,866,500
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK
6%₹224 Cr1,291,600
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK
5%₹184 Cr1,525,700
Future on Reliance Industries Ltd
Derivatives | -
4%-₹159 Cr
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
3%₹130 Cr768,800
↑ 45,600
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Mar 23 | M&M
3%₹116 Cr449,425
Future on Mahindra & Mahindra Ltd
Derivatives | -
3%-₹107 Cr
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Jun 18 | BHARTIARTL
3%₹100 Cr636,925
↓ -40,125
United Spirits Ltd (Consumer Defensive)
Equity, Since 28 Feb 21 | UNITDSPR
2%₹89 Cr692,150

Therefore, in a nutshell, it can be said that both the schemes belong to the same category of Equity Fund but they have numerous differences. Resultantly, individuals should be careful before choosing any of the schemes for investment. They should understand the modalities of the scheme thoroughly and check whether the scheme suits their investment objective or not. This will help them to attain their objectives on time and in a hassle-free manner.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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