+91-22-48913909How to Use Multi-Asset Funds to Achieve Optimal Portfolio Diversification
In today’s fast-changing financial landscape, investors are always looking for ways to minimise risk while maximising returns.
One of the best strategies to achieve this balance is Portfolio diversification—and multi-asset funds can help you do just that. This article will walk you through how multi-asset funds work, why they are an excellent option for diversification, and how to use them to achieve a balanced portfolio.
What Are Multi-Asset Funds?
Multi-asset funds, as the name suggests, are Mutual Funds that invest in a mix of asset classes like equities, debt, gold, Real Estate, and sometimes even international assets. The goal is to balance risk and reward by diversifying across various asset types, making your portfolio less dependent on the performance of a single Asset Class.
For example, if you hold a traditional equity mutual fund, your returns will depend solely on the stock Market. In contrast, a multi-asset fund spreads your investments across multiple asset classes, helping to reduce the impact of a market downturn in one area by providing stability from other asset classes.
Why Diversification Is Important?
Diversification is a key principle of Investing. It ensures that your investment portfolio isn’t overexposed to any single type of asset, which helps manage risk. Imagine you’ve invested all your money in one company’s stock—if the company fails, your investment could be wiped out.
Example: Suppose you have invested INR 10,00,000 entirely in stocks. If the stock market falls by 10%, you could lose INR 1,00,000. However, if you had diversified across equities, Bonds, and gold (using a multi-asset fund), the loss would likely be much less, as bonds or gold could balance out the dip in stock market performance.
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How Multi-Asset Funds Achieve Diversification?
Multi-asset funds are professionally managed to maintain a specific Asset Allocation that matches the fund's investment objective. The allocation can vary depending on the market conditions and the fund's strategy.
For example, a typical multi-asset fund might invest:
- 50% in equities
- 30% in debt instruments
- 20% in gold or other assets
This approach allows the fund to benefit from the higher returns of equities while providing the stability of debt and gold during market downturns.
Types of Multi-Asset Funds
There are several types of multi-asset funds available, each designed for different risk appetites and investment goals:
- Conservative Multi-Asset Funds: These funds focus more on debt (like bonds) and less on equity. They are ideal for risk-averse investors seeking stable returns.
Example: A fund that invests 60% in debt instruments and 40% in equities. Balanced Multi-Asset Funds: These funds aim for a balance between risk and reward by equally investing in equities and debt.
Example: A fund with a 50-50 allocation between equities and bonds. Aggressive Multi-Asset Funds: For investors willing to take more risk, these funds invest a larger portion in equities for potentially higher returns.
Example: A fund that invests 70% in equities and 30% in bonds.
How to Choose the Right Multi-Asset Fund?
Choosing the right multi-asset fund depends on your investment goals, risk appetite, and time horizon. Here are a few things to consider:
risk tolerance: If you are a conservative investor, look for funds with a higher allocation to debt. For aggressive investors, funds with more equity exposure may be suitable.
Investment Horizon: Multi-asset funds with a high equity allocation are more suitable for long-term investments (5+ years), while funds with a higher debt allocation can be considered for short-term goals.
Fund Performance: Evaluate the fund’s historical performance, keeping in mind that past performance doesn’t guarantee future results. However, it can give you an idea of how the fund has navigated market fluctuations.
Expense Ratio: Check the expense ratio, which is the cost charged by the fund manager. Lower expense ratios mean more of your money stays invested and compounds over time.
Example of a Multi-Asset Portfolio
Let’s say you have INR 5,00,000 to invest and want to use a multi-asset fund for diversification. Here's a potential allocation:
- INR 2,50,000 in Equities: Equities have the potential for high returns but are also more volatile. This portion will help you capitalize on market upswings.
- INR 1,50,000 in Bonds: Bonds provide stability and regular Income. Even if the stock market takes a hit, bonds can soften the blow.
- INR 1,00,000 in Gold: Gold serves as a hedge against Inflation and market instability, adding an extra layer of protection to your portfolio.
By spreading your money across these assets, you reduce the risk of significant loss while also maintaining the potential for good returns.
Calculating Potential Returns
To understand how this portfolio might perform, let’s use a simple hypothetical example:
- Equities return 12% annually
- Bonds return 6% annually
- Gold returns 8% annually
After one year, your INR 5,00,000 portfolio might grow as follows:
- Equities: 2,50,000 * 12% = INR 30,000
- Bonds: 1,50,000 * 6% = INR 9,000
- Gold: 1,00,000 * 8% = INR 8,000
Total portfolio value = INR 5,00,000 + INR 30,000 + INR 9,000 + INR 8,000 = INR 5,47,000.
While this is a simplified example, it demonstrates how multi-asset funds diversify your returns and reduce the risk of loss from any one asset class.
Tax Benefits of Multi-Asset Funds
One of the attractive features of multi-asset funds in India is the potential for long-term Capital gains (LTCG) tax benefits. If you hold your investment for more than three years, you may be eligible for a lower Tax Rate on your gains. This makes them more tax-efficient compared to constantly moving between individual asset classes.
For example, if you sell your multi-asset fund units after three years, the Capital Gains are taxed at 20% with indexation benefits, which means your taxable gains are adjusted for inflation, reducing your overall Tax Liability.
Multi-Asset Funds vs. Creating Your Own Diversified Portfolio
You might wonder, why not just buy individual stocks, bonds, and gold on your own? The answer lies in convenience and professional management. Multi-asset funds are managed by experts who constantly monitor and rebalance the portfolio to optimize returns based on market conditions. For most investors, this level of management would be time-consuming and complex to replicate on their own.
Additionally, the costs associated with managing individual assets—brokerage fees, Taxes, and the effort required—can add up. Multi-asset funds provide a cost-efficient way to achieve diversification without the hassle of managing each asset class separately.
Top 8 Best Performing Multi-Asset Funds 2025
(Erstwhile Kotak Select Focus Fund) The investment objective of the scheme is to generate long term appreciation from the portfolio of equity and equity related sectors, generally focussed on few selected sectors. Below is the key information for Kotak Standard Multicap Fund Returns up to 1 year are on (Erstwhile Mirae Asset India Opportunities Fund) The investment objective of the scheme is to generate long term capital appreciation by capitalizing on potential investment opportunities through predominantly investing in equities, equity related securities. Research Highlights for Mirae Asset India Equity Fund Below is the key information for Mirae Asset India Equity Fund Returns up to 1 year are on (Erstwhile Motilal Oswal MOSt Focused Multicap 35 Fund) The investment objective of the Scheme is to achieve long term capital appreciation by primarily investing in a maximum of 35 equity & equity related instruments across sectors and market-capitalization levels.However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Research Highlights for Motilal Oswal Multicap 35 Fund Below is the key information for Motilal Oswal Multicap 35 Fund Returns up to 1 year are on (Erstwhile BNP Paribas Dividend Yield Fund) The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are
defined as stocks of companies that have a dividend yield in excess of 0.5%, at the time of investment. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. Research Highlights for BNP Paribas Multi Cap Fund Below is the key information for BNP Paribas Multi Cap Fund Returns up to 1 year are on An Open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 90% equity and 10% debt and money market securities. Research Highlights for Aditya Birla Sun Life Equity Fund Below is the key information for Aditya Birla Sun Life Equity Fund Returns up to 1 year are on To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments. Research Highlights for SBI Magnum Multicap Fund Below is the key information for SBI Magnum Multicap Fund Returns up to 1 year are on The investment objective of the scheme is to seek to generate capital appreciation and/or provide income distribution from a portfolio of predominantly equity and equity related instruments. There is no assurance or guarantee that the objectives of the scheme will be realized. Research Highlights for Bandhan Focused Equity Fund Below is the key information for Bandhan Focused Equity Fund Returns up to 1 year are on (Erstwhile JM Multi Strategy Fund) The investment objective of the Scheme is to provide capital appreciation by investing in equity and equity related securities using a combination of strategies. Research Highlights for JM Multicap Fund Below is the key information for JM Multicap Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Kotak Standard Multicap Fund Growth ₹84.604
↓ -1.14 ₹56,460 -3.1 -1.7 10.3 15.5 14.4 9.5 Mirae Asset India Equity Fund Growth ₹112.309
↓ -1.41 ₹41,802 -3.4 -1.6 8.2 11.9 11.9 10.2 Motilal Oswal Multicap 35 Fund Growth ₹56.9328
↓ -1.02 ₹13,862 -8.7 -9.7 -0.7 20.3 13 -5.6 BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 Aditya Birla Sun Life Equity Fund Growth ₹1,817.45
↓ -22.98 ₹25,098 -2.3 0.7 10.4 17 14.9 11.2 SBI Magnum Multicap Fund Growth ₹109.466
↑ 0.58 ₹23,685 -2.4 0.5 5.5 13.2 12.9 5.5 Bandhan Focused Equity Fund Growth ₹83.22
↓ -1.35 ₹2,059 -7.3 -7 -0.6 17.4 12.7 -1.6 JM Multicap Fund Growth ₹91.9197
↓ -1.36 ₹5,463 -7.6 -6.7 -5.8 18.4 18 -6.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 26 Research Highlights & Commentary of 8 Funds showcased
Commentary Kotak Standard Multicap Fund Mirae Asset India Equity Fund Motilal Oswal Multicap 35 Fund BNP Paribas Multi Cap Fund Aditya Birla Sun Life Equity Fund SBI Magnum Multicap Fund Bandhan Focused Equity Fund JM Multicap Fund Point 1 Highest AUM (₹56,460 Cr). Top quartile AUM (₹41,802 Cr). Lower mid AUM (₹13,862 Cr). Bottom quartile AUM (₹588 Cr). Upper mid AUM (₹25,098 Cr). Upper mid AUM (₹23,685 Cr). Bottom quartile AUM (₹2,059 Cr). Lower mid AUM (₹5,463 Cr). Point 2 Established history (16+ yrs). Established history (17+ yrs). Established history (11+ yrs). Established history (20+ yrs). Oldest track record among peers (27 yrs). Established history (20+ yrs). Established history (19+ yrs). Established history (17+ yrs). Point 3 Top rated. Rating: 5★ (top quartile). Rating: 5★ (upper mid). Rating: 4★ (upper mid). Rating: 4★ (lower mid). Rating: 4★ (lower mid). Rating: 4★ (bottom quartile). Rating: 4★ (bottom quartile). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 14.40% (upper mid). 5Y return: 11.93% (bottom quartile). 5Y return: 13.05% (lower mid). 5Y return: 13.57% (upper mid). 5Y return: 14.86% (top quartile). 5Y return: 12.86% (lower mid). 5Y return: 12.71% (bottom quartile). 5Y return: 18.01% (top quartile). Point 6 3Y return: 15.48% (lower mid). 3Y return: 11.95% (bottom quartile). 3Y return: 20.29% (top quartile). 3Y return: 17.28% (upper mid). 3Y return: 17.04% (lower mid). 3Y return: 13.20% (bottom quartile). 3Y return: 17.40% (upper mid). 3Y return: 18.42% (top quartile). Point 7 1Y return: 10.35% (upper mid). 1Y return: 8.16% (upper mid). 1Y return: -0.70% (bottom quartile). 1Y return: 19.34% (top quartile). 1Y return: 10.41% (top quartile). 1Y return: 5.46% (lower mid). 1Y return: -0.62% (lower mid). 1Y return: -5.79% (bottom quartile). Point 8 Alpha: 1.61 (top quartile). Alpha: 0.23 (upper mid). Alpha: -12.91 (bottom quartile). Alpha: 0.00 (upper mid). Alpha: 3.22 (top quartile). Alpha: -1.84 (lower mid). Alpha: -8.83 (lower mid). Alpha: -14.34 (bottom quartile). Point 9 Sharpe: 0.28 (upper mid). Sharpe: 0.38 (upper mid). Sharpe: -0.51 (bottom quartile). Sharpe: 2.86 (top quartile). Sharpe: 0.41 (top quartile). Sharpe: 0.01 (lower mid). Sharpe: -0.40 (lower mid). Sharpe: -0.73 (bottom quartile). Point 10 Information ratio: -0.04 (lower mid). Information ratio: -0.35 (bottom quartile). Information ratio: 0.54 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.82 (top quartile). Information ratio: -0.74 (bottom quartile). Information ratio: 0.35 (upper mid). Information ratio: 0.59 (top quartile). Kotak Standard Multicap Fund
Mirae Asset India Equity Fund
Motilal Oswal Multicap 35 Fund
BNP Paribas Multi Cap Fund
Aditya Birla Sun Life Equity Fund
SBI Magnum Multicap Fund
Bandhan Focused Equity Fund
JM Multicap Fund
1. Kotak Standard Multicap Fund
Kotak Standard Multicap Fund
Growth Launch Date 11 Sep 09 NAV (23 Jan 26) ₹84.604 ↓ -1.14 (-1.33 %) Net Assets (Cr) ₹56,460 on 31 Dec 25 Category Equity - Multi Cap AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.47 Sharpe Ratio 0.28 Information Ratio -0.04 Alpha Ratio 1.61 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹12,537 31 Dec 22 ₹13,164 31 Dec 23 ₹16,350 31 Dec 24 ₹19,048 31 Dec 25 ₹20,856 Returns for Kotak Standard Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -3% 3 Month -3.1% 6 Month -1.7% 1 Year 10.3% 3 Year 15.5% 5 Year 14.4% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 9.5% 2023 16.5% 2022 24.2% 2021 5% 2020 25.4% 2019 11.8% 2018 12.3% 2017 -0.9% 2016 34.3% 2015 9.4% Fund Manager information for Kotak Standard Multicap Fund
Name Since Tenure Harsha Upadhyaya 4 Aug 12 13.42 Yr. Data below for Kotak Standard Multicap Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 28.55% Industrials 18.47% Basic Materials 14.02% Consumer Cyclical 11.77% Technology 6.95% Energy 6.27% Communication Services 3.21% Utility 3.19% Health Care 2.83% Consumer Defensive 2.2% Asset Allocation
Asset Class Value Cash 2.52% Equity 97.48% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹3,915 Cr 39,500,000 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 14 | BEL6% ₹3,197 Cr 80,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Sep 10 | 5321745% ₹2,954 Cr 22,000,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 12 | SBIN4% ₹2,338 Cr 23,800,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 13 | LT4% ₹2,164 Cr 5,300,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 12 | 5322154% ₹2,031 Cr 16,000,000 Jindal Steel Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322864% ₹2,002 Cr 19,000,000 SRF Ltd (Industrials)
Equity, Since 31 Dec 18 | SRF3% ₹1,922 Cr 6,250,000 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Aug 23 | 5433203% ₹1,780 Cr 64,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL3% ₹1,742 Cr 8,271,429 2. Mirae Asset India Equity Fund
Mirae Asset India Equity Fund
Growth Launch Date 4 Apr 08 NAV (23 Jan 26) ₹112.309 ↓ -1.41 (-1.24 %) Net Assets (Cr) ₹41,802 on 31 Dec 25 Category Equity - Multi Cap AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.16 Sharpe Ratio 0.38 Information Ratio -0.35 Alpha Ratio 0.23 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹12,774 31 Dec 22 ₹12,978 31 Dec 23 ₹15,372 31 Dec 24 ₹17,322 31 Dec 25 ₹19,090 Returns for Mirae Asset India Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -5% 3 Month -3.4% 6 Month -1.6% 1 Year 8.2% 3 Year 11.9% 5 Year 11.9% 10 Year 15 Year Since launch 14.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 10.2% 2023 12.7% 2022 18.4% 2021 1.6% 2020 27.7% 2019 13.7% 2018 12.7% 2017 -0.6% 2016 38.6% 2015 8.1% Fund Manager information for Mirae Asset India Equity Fund
Name Since Tenure Gaurav Misra 31 Jan 19 6.92 Yr. Data below for Mirae Asset India Equity Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 30.82% Consumer Cyclical 14.24% Technology 11.19% Consumer Defensive 9.8% Industrials 8.08% Energy 5.85% Basic Materials 5.44% Health Care 4.88% Communication Services 4.67% Utility 3.46% Real Estate 0.79% Asset Allocation
Asset Class Value Cash 0.76% Equity 99.24% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹4,026 Cr 40,619,277 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | 5321748% ₹3,323 Cr 24,744,264 Infosys Ltd (Technology)
Equity, Since 31 May 08 | INFY5% ₹2,227 Cr 13,788,580
↓ -1,214,741 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 08 | RELIANCE5% ₹2,125 Cr 13,533,143 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 10 | BHARTIARTL4% ₹1,805 Cr 8,571,128 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC4% ₹1,760 Cr 43,675,034 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT4% ₹1,554 Cr 3,805,147
↓ -17,581 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 09 | TCS4% ₹1,479 Cr 4,612,393 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 14 | 5322153% ₹1,354 Cr 10,663,212 State Bank of India (Financial Services)
Equity, Since 31 Jul 08 | SBIN3% ₹1,202 Cr 12,236,391
↓ -71,573 3. Motilal Oswal Multicap 35 Fund
Motilal Oswal Multicap 35 Fund
Growth Launch Date 28 Apr 14 NAV (23 Jan 26) ₹56.9328 ↓ -1.02 (-1.76 %) Net Assets (Cr) ₹13,862 on 31 Dec 25 Category Equity - Multi Cap AMC Motilal Oswal Asset Management Co. Ltd Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.77 Sharpe Ratio -0.51 Information Ratio 0.54 Alpha Ratio -12.91 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹11,530 31 Dec 22 ₹11,187 31 Dec 23 ₹14,654 31 Dec 24 ₹21,349 31 Dec 25 ₹20,147 Returns for Motilal Oswal Multicap 35 Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -7% 3 Month -8.7% 6 Month -9.7% 1 Year -0.7% 3 Year 20.3% 5 Year 13% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2024 -5.6% 2023 45.7% 2022 31% 2021 -3% 2020 15.3% 2019 10.3% 2018 7.9% 2017 -7.8% 2016 43.1% 2015 8.5% Fund Manager information for Motilal Oswal Multicap 35 Fund
Name Since Tenure Ajay Khandelwal 1 Oct 24 1.25 Yr. Niket Shah 1 Jul 22 3.51 Yr. Rakesh Shetty 22 Nov 22 3.11 Yr. Atul Mehra 1 Oct 24 1.25 Yr. Sunil Sawant 1 Jul 24 1.5 Yr. Data below for Motilal Oswal Multicap 35 Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Technology 22.19% Industrials 15.89% Consumer Cyclical 13.34% Financial Services 12.91% Communication Services 9.44% Energy 2.24% Consumer Defensive 0.27% Asset Allocation
Asset Class Value Cash 23.73% Equity 76.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity Persistent Systems Ltd (Technology)
Equity, Since 31 Mar 23 | PERSISTENT10% ₹1,411 Cr 2,249,513
↓ -487 Coforge Ltd (Technology)
Equity, Since 31 May 23 | COFORGE9% ₹1,247 Cr 7,500,000 Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | KALYANKJIL7% ₹974 Cr 20,075,900
↓ -3,424,100 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Mar 23 | CHOLAFIN7% ₹933 Cr 5,480,348
↓ -397,148 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 24 | POLYCAB7% ₹905 Cr 1,188,311
↓ -275,250 ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 21 | 5321746% ₹853 Cr 6,353,221
↑ 3,853,721 CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Jan 25 | 5000936% ₹770 Cr 11,879,369
↓ -120,631 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | 5433206% ₹765 Cr 27,525,000
↓ -12,500,000 Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services)
Equity, Since 30 Apr 24 | 8901575% ₹676 Cr 4,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 25 | BHARTIARTL5% ₹632 Cr 3,000,000 4. BNP Paribas Multi Cap Fund
BNP Paribas Multi Cap Fund
Growth Launch Date 15 Sep 05 NAV (13 Mar 22) ₹73.5154 ↓ -0.01 (-0.01 %) Net Assets (Cr) ₹588 on 31 Jan 22 Category Equity - Multi Cap AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio 2.86 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 300 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹13,834 Returns for BNP Paribas Multi Cap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -4.4% 3 Month -4.6% 6 Month -2.6% 1 Year 19.3% 3 Year 17.3% 5 Year 13.6% 10 Year 15 Year Since launch 12.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for BNP Paribas Multi Cap Fund
Name Since Tenure Data below for BNP Paribas Multi Cap Fund as on 31 Jan 22
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 5. Aditya Birla Sun Life Equity Fund
Aditya Birla Sun Life Equity Fund
Growth Launch Date 27 Aug 98 NAV (23 Jan 26) ₹1,817.45 ↓ -22.98 (-1.25 %) Net Assets (Cr) ₹25,098 on 31 Dec 25 Category Equity - Multi Cap AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.68 Sharpe Ratio 0.41 Information Ratio 0.82 Alpha Ratio 3.22 Min Investment 1,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹13,028 31 Dec 22 ₹12,883 31 Dec 23 ₹16,227 31 Dec 24 ₹19,232 31 Dec 25 ₹21,387 Returns for Aditya Birla Sun Life Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -4.2% 3 Month -2.3% 6 Month 0.7% 1 Year 10.4% 3 Year 17% 5 Year 14.9% 10 Year 15 Year Since launch 20.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.2% 2023 18.5% 2022 26% 2021 -1.1% 2020 30.3% 2019 16.1% 2018 8.5% 2017 -4.1% 2016 33.5% 2015 15.2% Fund Manager information for Aditya Birla Sun Life Equity Fund
Name Since Tenure Harish Krishnan 3 Nov 23 2.16 Yr. Dhaval Joshi 21 Nov 22 3.11 Yr. Data below for Aditya Birla Sun Life Equity Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 31.31% Consumer Cyclical 14.64% Technology 10.07% Basic Materials 9.97% Industrials 9.31% Consumer Defensive 7.61% Health Care 7.31% Energy 4.95% Communication Services 2.62% Real Estate 0.56% Asset Allocation
Asset Class Value Cash 1.65% Equity 98.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | 5321746% ₹1,591 Cr 11,849,171 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK4% ₹1,096 Cr 11,055,796 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | KOTAKBANK4% ₹1,017 Cr 4,619,286 Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY4% ₹995 Cr 6,161,817
↓ -336,761 Reliance Industries Ltd (Energy)
Equity, Since 31 May 19 | RELIANCE4% ₹896 Cr 5,706,067 HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 11 | HCLTECH3% ₹666 Cr 4,103,703 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN2% ₹619 Cr 6,300,000
↓ -242,873 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL2% ₹577 Cr 2,741,033 Hindalco Industries Ltd (Basic Materials)
Equity, Since 31 Mar 17 | HINDALCO2% ₹545 Cr 6,146,182 Godrej Consumer Products Ltd (Consumer Defensive)
Equity, Since 31 Mar 24 | 5324242% ₹519 Cr 4,250,000
↑ 150,000 6. SBI Magnum Multicap Fund
SBI Magnum Multicap Fund
Growth Launch Date 29 Sep 05 NAV (22 Jan 26) ₹109.466 ↑ 0.58 (0.53 %) Net Assets (Cr) ₹23,685 on 31 Dec 25 Category Equity - Multi Cap AMC SBI Funds Management Private Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.67 Sharpe Ratio 0.01 Information Ratio -0.74 Alpha Ratio -1.84 Min Investment 1,000 Min SIP Investment 500 Exit Load 0-6 Months (1%),6-12 Months (0.5%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹13,077 31 Dec 22 ₹13,167 31 Dec 23 ₹16,171 31 Dec 24 ₹18,471 31 Dec 25 ₹19,485 Returns for SBI Magnum Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -3.2% 3 Month -2.4% 6 Month 0.5% 1 Year 5.5% 3 Year 13.2% 5 Year 12.9% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2024 5.5% 2023 14.2% 2022 22.8% 2021 0.7% 2020 30.8% 2019 13.6% 2018 11% 2017 -5.5% 2016 37% 2015 5.8% Fund Manager information for SBI Magnum Multicap Fund
Name Since Tenure Anup Upadhyay 1 Dec 24 1.08 Yr. Dinesh Balachandran 1 Dec 24 1.08 Yr. Data below for SBI Magnum Multicap Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 35.88% Consumer Cyclical 14.04% Basic Materials 12.13% Industrials 11.41% Technology 10.33% Communication Services 5.19% Energy 4.28% Health Care 1.74% Consumer Defensive 0.89% Asset Allocation
Asset Class Value Cash 3.98% Equity 95.9% Debt 0.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK8% ₹1,861 Cr 18,779,308 Infosys Ltd (Technology)
Equity, Since 31 Oct 20 | INFY6% ₹1,453 Cr 8,993,067
↑ 808,154 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 17 | 5321746% ₹1,335 Cr 9,943,955 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 19 | LT4% ₹1,060 Cr 2,596,034 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 20 | RELIANCE4% ₹1,014 Cr 6,459,540 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 24 | MARUTI4% ₹1,007 Cr 603,058 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 16 | BHARTIARTL4% ₹941 Cr 4,470,500 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK4% ₹882 Cr 4,007,500 Bajaj Finance Ltd (Financial Services)
Equity, Since 28 Feb 25 | 5000343% ₹811 Cr 8,215,850 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jan 25 | EICHERMOT3% ₹714 Cr 977,000 7. Bandhan Focused Equity Fund
Bandhan Focused Equity Fund
Growth Launch Date 16 Mar 06 NAV (23 Jan 26) ₹83.22 ↓ -1.35 (-1.60 %) Net Assets (Cr) ₹2,059 on 31 Dec 25 Category Equity - Multi Cap AMC IDFC Asset Management Company Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.1 Sharpe Ratio -0.4 Information Ratio 0.35 Alpha Ratio -8.83 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹12,459 31 Dec 22 ₹11,834 31 Dec 23 ₹15,538 31 Dec 24 ₹20,245 31 Dec 25 ₹19,914 Returns for Bandhan Focused Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -6.4% 3 Month -7.3% 6 Month -7% 1 Year -0.6% 3 Year 17.4% 5 Year 12.7% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 -1.6% 2023 30.3% 2022 31.3% 2021 -5% 2020 24.6% 2019 14.9% 2018 8.9% 2017 -12.7% 2016 54.4% 2015 1.8% Fund Manager information for Bandhan Focused Equity Fund
Name Since Tenure Manish Gunwani 2 Dec 24 1.08 Yr. Kirthi Jain 2 Dec 24 1.08 Yr. Ritika Behera 7 Oct 23 2.24 Yr. Gaurav Satra 7 Jun 24 1.57 Yr. Rahul Agarwal 2 Dec 24 1.08 Yr. Data below for Bandhan Focused Equity Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 33.99% Consumer Defensive 16.65% Health Care 15.47% Technology 8.42% Real Estate 6.88% Consumer Cyclical 4.35% Industrials 3.79% Energy 2.72% Basic Materials 2.68% Communication Services 2.35% Utility 1.99% Asset Allocation
Asset Class Value Cash 0.71% Equity 99.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 25 | 5328108% ₹164 Cr 4,612,723
↑ 270,000 LT Foods Ltd (Consumer Defensive)
Equity, Since 30 Jun 25 | 5327837% ₹154 Cr 3,943,991
↑ 180,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 25 | SBIN6% ₹131 Cr 1,331,166 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 19 | HDFCBANK6% ₹129 Cr 1,302,728 Jubilant Pharmova Ltd (Healthcare)
Equity, Since 31 Jul 25 | JUBLPHARMA5% ₹103 Cr 955,222
↑ 100,308 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5321745% ₹95 Cr 710,586 Glenmark Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Dec 24 | 5322964% ₹90 Cr 442,894 Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Jan 25 | PRESTIGE4% ₹84 Cr 524,887 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 24 | LT4% ₹78 Cr 191,166 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 May 25 | CHOLAHLDNG4% ₹77 Cr 425,719
↑ 3,300 8. JM Multicap Fund
JM Multicap Fund
Growth Launch Date 23 Sep 08 NAV (23 Jan 26) ₹91.9197 ↓ -1.36 (-1.46 %) Net Assets (Cr) ₹5,463 on 31 Dec 25 Category Equity - Multi Cap AMC JM Financial Asset Management Limited Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio -0.74 Information Ratio 0.59 Alpha Ratio -14.34 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-60 Days (1%),60 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹13,294 31 Dec 22 ₹14,336 31 Dec 23 ₹20,070 31 Dec 24 ₹26,746 31 Dec 25 ₹24,920 Returns for JM Multicap Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 26 Duration Returns 1 Month -6% 3 Month -7.6% 6 Month -6.7% 1 Year -5.8% 3 Year 18.4% 5 Year 18% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 -6.8% 2023 33.3% 2022 40% 2021 7.8% 2020 32.9% 2019 11.4% 2018 16.6% 2017 -5.4% 2016 39.5% 2015 10.5% Fund Manager information for JM Multicap Fund
Name Since Tenure Satish Ramanathan 20 Aug 21 4.37 Yr. Asit Bhandarkar 1 Oct 24 1.25 Yr. Ruchi Fozdar 4 Oct 24 1.24 Yr. Deepak Gupta 11 Apr 25 0.73 Yr. Data below for JM Multicap Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 28.59% Consumer Cyclical 15.59% Technology 14.42% Industrials 10.5% Health Care 8.74% Basic Materials 6.35% Consumer Defensive 5.14% Energy 4.31% Communication Services 4.21% Real Estate 0.31% Asset Allocation
Asset Class Value Cash 1.82% Equity 98.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 25 | RELIANCE4% ₹236 Cr 1,500,000
↓ -467,880 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT4% ₹234 Cr 573,383
↓ -158,976 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL4% ₹230 Cr 1,092,200
↓ -240,000 Godfrey Phillips India Ltd (Consumer Defensive)
Equity, Since 28 Feb 25 | GODFRYPHLP4% ₹219 Cr 794,101 Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 24 | 5327554% ₹206 Cr 1,294,184
↓ -546,724 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | HDFCBANK3% ₹178 Cr 1,800,000
↓ -200,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹177 Cr 1,802,196
↓ -1,202,804 Infosys Ltd (Technology)
Equity, Since 31 Aug 25 | INFY3% ₹166 Cr 1,024,796
↓ -12,461 One97 Communications Ltd (Technology)
Equity, Since 31 May 25 | 5433963% ₹163 Cr 1,251,745 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Oct 25 | DRREDDY3% ₹149 Cr 1,171,532
↑ 205,000
Why Multi-Asset Funds Make Sense for Diversification
In summary, multi-asset funds offer a simple yet effective way to achieve portfolio diversification. They help spread risk across different asset classes, reducing the impact of market Volatility. Whether you're a conservative or aggressive investor, there is a multi-asset fund designed to meet your needs.
By choosing the right multi-asset fund, you can enjoy balanced returns, tax benefits, and professional management—all of which can lead to optimal diversification and long-term wealth growth.
If you’re looking to invest smartly and balance your portfolio, multi-asset funds are a great option to consider.
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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Research Highlights for Kotak Standard Multicap Fund