Fincash » SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund
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SBI Multi Asset Allocation Fund Vs HDFC Multi-Asset Fund
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 Basics NAV 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 ₹55.0269 ↓ -0.53 (-0.96 %) ₹6,986 on 15 Dec 24 21 Dec 05 ☆☆☆☆ Hybrid Multi Asset 11 Moderate 1.64 1.6 0 0 Not Available 0-12 Months (1%),12 Months and above(NIL) HDFC Multi-Asset Fund
Growth
Fund Details ₹66.618 ↓ -0.58 (-0.87 %) ₹3,818 on 30 Nov 24 17 Aug 05 ☆☆☆ Hybrid Multi Asset 33 Moderate 1.97 1.9 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 Performance 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since launch SBI Multi Asset Allocation Fund
Growth
Fund Details 0.2% -2.5% 1.2% 14.8% 14.5% 13.9% 9.4% HDFC Multi-Asset Fund
Growth
Fund Details 0.3% -3% 2.4% 15.1% 12.6% 14.9% 10.3%
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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 Performance 2023 2022 2021 2020 2019 SBI Multi Asset Allocation Fund
Growth
Fund Details 24.4% 6% 13% 14.2% 10.6% HDFC Multi-Asset Fund
Growth
Fund Details 18% 4.3% 17.9% 20.9% 9.3%
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 Details Min SIP Investment Min Investment Fund Manager SBI Multi Asset Allocation Fund
Growth
Fund Details ₹500 ₹5,000 Dinesh Balachandran - 3.09 Yr. HDFC Multi-Asset Fund
Growth
Fund Details ₹300 ₹5,000 Anil Bamboli - 19.3 Yr.
Growth of 10k Investments over the years
SBI Multi Asset Allocation Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹10,986 30 Nov 21 ₹12,884 30 Nov 22 ₹13,822 30 Nov 23 ₹16,362 30 Nov 24 ₹19,317 HDFC Multi-Asset Fund
Growth
Fund Details Growth of 10,000 investment over the years.
Date Value 30 Nov 19 ₹10,000 30 Nov 20 ₹11,395 30 Nov 21 ₹14,431 30 Nov 22 ₹15,295 30 Nov 23 ₹17,156 30 Nov 24 ₹20,403
Detailed Portfolio Comparison
SBI Multi Asset Allocation Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 8.52% Equity 36.29% Debt 39.38% Other 15.81% Equity Sector Allocation
Sector Value Financial Services 9.78% Consumer Cyclical 6.51% Technology 5.22% Industrials 3.66% Energy 2.49% Basic Materials 2.33% Utility 2.03% Consumer Defensive 1.91% Real Estate 0.92% Health Care 0.9% Communication Services 0.55% Debt Sector Allocation
Sector Value Corporate 30.75% Cash Equivalent 9.41% Government 6.16% Securitized 1.57% Credit Quality
Rating Value A 3.62% AA 62.71% AAA 31.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity SBI Gold ETF
- | -10% ₹698 Cr 105,241,000
↑ 2,000,000 Nippon India Silver ETF
- | -3% ₹232 Cr 26,730,000 7.3% Govt Stock 2053
Sovereign Bonds | -3% ₹207 Cr 20,000,000 Bharti Telecom Limited
Debentures | -3% ₹202 Cr 20,000 Aditya Birla Renewables Limited
Debentures | -3% ₹201 Cr 20,000 Tata Power Renewable Energy Ltd. (Guaranteed By Tata Power Ltd.)
Debentures | -3% ₹200 Cr 20,000 SBI Silver ETF
- | -3% ₹173 Cr 19,500,000 Infopark Properties Ltd.
Debentures | -2% ₹160 Cr 16,000 Avanse Financial Services Limited
Debentures | -2% ₹150 Cr 15,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFCBANK2% ₹129 Cr 721,000 HDFC Multi-Asset Fund
Growth
Fund Details Asset Allocation
Asset Class Value Cash 26.49% Equity 46.84% Debt 15.08% Other 11.59% Equity Sector Allocation
Sector Value Financial Services 22.62% Consumer Cyclical 10.91% Consumer Defensive 6.15% Technology 4.96% Health Care 4.96% Industrials 4.52% Energy 4.27% Basic Materials 3.22% Communication Services 2.86% Utility 1.53% Real Estate 1.04% Debt Sector Allocation
Sector Value Cash Equivalent 26.49% Government 7.61% Corporate 6.16% Securitized 1.31% Credit Quality
Rating Value AA 6.83% AAA 93.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Gold ETF
- | -12% ₹443 Cr 64,290,017 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 18 | HDFCBANK6% ₹224 Cr 1,291,600
↑ 100,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | ICICIBANK5% ₹187 Cr 1,447,300
↑ 128,400 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5322155% ₹179 Cr 1,541,250
↑ 50,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 18 | RELIANCE3% ₹125 Cr 936,500
↑ 301,500 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Mar 23 | M&M3% ₹116 Cr 424,050
↑ 13,100 Future on Axis Bank Ltd
Derivatives | -3% -₹110 Cr Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Jun 18 | BHARTIARTL3% ₹108 Cr 667,550
↑ 27,550 Future on Mahindra & Mahindra Ltd
Derivatives | -3% -₹106 Cr United Spirits Ltd (Consumer Defensive)
Equity, Since 28 Feb 21 | UNITDSPR3% ₹100 Cr 693,400
↓ -37,200
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.
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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