Multi Asset Allocation · Hybrid

HDFC Multi Asset Allocation Fund

HDFC Asset Management Company Limited

Benchmark

65% Nifty 50 TRI + 22.5% Nifty Composite Debt Index + 10% Domestic Price of Gold + 2.5% Domestic Price of Silver

Riskometer

High

Size

₹5,774 cr

Allotted

17 Aug 2005

Holdings as of

30 Sep 2026

HDFC Multi Asset Allocation Fund is a multi asset allocation fund of HDFC Asset Management Company Limited with ₹5,774 cr under management. Its direct plan charges 1.01% a year. Anil Bamboli has managed it for 21.2 years.

Has HDFC Multi Asset Allocation Fund beaten its benchmark?

−0.65% over the last year on the direct plan.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−1.99%	−3.60%	—
3 months	−1.88%	−5.03%	—
6 months	−0.79%	−1.83%	—
1 year	−0.65%	−4.06%	+3.41 pts
3 years	+11.16%	+9.27%	+1.89 pts
5 years	+10.15%	+8.00%	+2.15 pts
10 years	+11.12%	+12.69%	−1.57 pts
Since start from 1 Jan 2013	+11.15%	—	—

Valarth price history to 13 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	−0.65%	−1.68%	—	—	🔒
3y	+11.14%	+9.92%	—	—	🔒
5y	+10.14%	+8.84%	—	—	🔒
10y	+11.11%	+10.00%	—	—	🔒

Ahead in points a year · its rank among Multi Asset Allocation funds, and how steady the lead is, in the app

Value of 100, month-end

Oct 2016 to 13 Oct 2026

Fund 286Nifty 500 TRI 327

₹100 put in at the start of Oct 2016 would be ₹286 on 13 Oct 2026, against ₹327 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro

Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.

See them in the app →

What does HDFC Multi Asset Allocation Fund cost?

1.01% a year on the direct plan, 2.02% on the regular plan; 11 of 18 funds in its category charge less.

Direct plan

1.01% a year

Category median 0.93%

Regular plan

2.02% a year

Category median 2.21%

Gap

1.01 points

for the same holdings

11 of 18 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Schemes - Multi Asset Allocation Fund

What the regular plan costs you over time

🔒 Pro

The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages HDFC Multi Asset Allocation Fund?

Ihab Dalwai, since 11 Sep 2026; Anil Bamboli, since 17 Aug 2005; Bhagyesh Kagalkar, since 2 Feb 2022.

Ihab Dalwai

0.1 years

since 11 Sep 2026

Anil Bamboli

21.2 years

since 17 Aug 2005

Bhagyesh Kagalkar

4.7 years

since 2 Feb 2022

And 3 more; every manager, the other funds each runs and the changes over time are in the app.

Benchmark as filed65% Nifty 50 TRI + 22.5% Nifty Composite Debt Index+ 10% Domestic Price of Gold+ 2.5% Domestic Price of Silver

Exit load

In respect of each purchase / switch-in of Units, upto 15% of the units (“the limit”) may be redeemed without any exit load from the date of allotment. However, please note that the Units will be redeemed on First In First Out (FIFO) basis. Any redemption in excess of the above limit shall be subject to the following exit load: - Exit Load of 1.00% is payable if units are redeemed/switched out within 12 months from the date of allotment. - No Exit Load is payable if units are redeemed/switched out after 12 months from the date of allotment.

From 7 Scheme Summary Documents filed with NSE, first on 12 Apr 2026; as on 13 Oct 2026

What does HDFC Multi Asset Allocation Fund hold?

116 holdings as of 30 Sep 2026; the ten largest are 41.8% of the fund, the largest HDFC Bank Ltd.£ at 6.9%.

Mix

Holdings as of 30 Sep 2026

Equity69.1%Debt11.2%Cash4.1%Other15.6%

Holdings

116

72 shares

Top ten

41.8%

of the fund

Effective holdings

30.2

spread, as if equal-weighted

Matched to our table

100%

of the equity

Five largest

% of fund

HDFC Bank Ltd.£6.86%

Reliance Industries Ltd.4.86%

ICICI Bank Ltd.4.74%

Bharti Airtel Ltd.2.89%

Kotak Mahindra Bank Limited2.60%

Five largest industries

% of fund

Banks26.0%

Petroleum Products7.80%

Automobiles7.60%

Pharmaceuticals & Biotechnology6.70%

IT - Software6.00%

By company size

% of equity · SEBI size lists

Large Cap81.0%Mid Cap7.6%Small Cap11.4%

How does HDFC Multi Asset Allocation Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro

Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.

Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro

The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is HDFC Multi Asset Allocation Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro

Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker

Nearest to the Nifty 50: 36% of it differs from the index (an active fund is usually above 60%).

Active share 36.2%60%

Funds that hold much the same

% of holdings in common

HDFC Equity Savings Fund68.0% the same

45 shared holdings

HDFC Retirement Fund - Equity Plan66.6% the same

41 shared holdings

TATA NIFTY 50 EXCHANGE TRADED FUND64.1% the same

33 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro

How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages HDFC Multi Asset Allocation Fund?

Ihab Dalwai (manager) since 11 Sep 2026; Anil Bamboli (manager) since 17 Aug 2005; Bhagyesh Kagalkar (manager) since 2 Feb 2022; Nandita Menezes (manager) since 29 Mar 2025; Arun Agarwal (manager) since 24 Aug 2020; Gopal Agrawal (manager) since 1 Sep 2026.

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

1.01% a year on the direct plan and 2.02% on the regular plan (expense report, Oct 2026).

How has HDFC Multi Asset Allocation Fund done?

Its direct plan returned +11.14% a year over 3 years against None for its benchmark, 65% Nifty 50 TRI + 22.5% Nifty Composite Debt Index + 10% Domestic Price of Gold + 2.5% Domestic Price of Silver, as of 13 Oct 2026.