Nippon India Multi Asset Allocation Fund vs Aditya Birla Sun Life Multi Asset Allocation Fund
Nippon India Multi Asset Allocation Fund (Direct) and Aditya Birla Sun Life Multi Asset Allocation Fund (Direct) head to head: growth of ₹100, returns across every window, risk, cost, and portfolio overlap — every figure computed from AMFI NAV history, nothing supplied by a fund house. Both are Multi Asset Allocation schemes — see the best multi asset allocation mutual funds for the full ranking.
Head to head
NAVs as of 04 Nov 2026
Growth of ₹100 (rebased over the selected window)
Common period 02 Feb 2023 – 03 Nov 2026, limited by Aditya Birla Sun Life Multi Asset Allocation Fund. Every series is rebased to ₹100 at the start of this window. Benchmark lines are the category index WealthTicker measures against, which is not always the benchmark the scheme itself declares — the fund page’s Scheme Info names that one.
View as table
| Date | Nippon India Multi Asset Allocation Fund | Aditya Birla Sun Life Multi Asset Allocation Fund | Nifty 50 TRI |
|---|---|---|---|
| 02 Feb 2023 | ₹100.00 | ₹100.00 | ₹100.00 |
| 27 May 2023 | ₹103.45 | ₹105.57 | ₹105.51 |
| 18 Sep 2023 | ₹113.32 | ₹114.12 | ₹115.32 |
| 11 Jan 2024 | ₹124.43 | ₹121.37 | ₹124.52 |
| 04 May 2024 | ₹136.91 | ₹129.62 | ₹129.78 |
| 26 Aug 2024 | ₹149.81 | ₹142.20 | ₹144.98 |
| 18 Dec 2024 | ₹150.78 | ₹144.60 | ₹140.81 |
| 11 Apr 2025 | ₹146.95 | ₹140.85 | ₹133.41 |
| 03 Aug 2025 | ₹160.96 | ₹152.48 | ₹144.10 |
| 26 Nov 2025 | ₹176.66 | ₹166.25 | ₹154.38 |
| 20 Mar 2026 | ₹175.36 | ₹163.07 | ₹136.72 |
| 12 Jul 2026 | ₹187.13 | ₹177.44 | ₹143.76 |
| 03 Nov 2026 | ₹181.90 | ₹172.22 | ₹141.98 |
Portfolio overlap (same stocks held through more than one fund)
Some overlap is structural: SEBI defines large cap as the top 100 stocks by market capitalisation, so two large-cap funds are fishing the same pond by regulation. The bands below are measured per sleeve pairing rather than against one blanket threshold. How this is measured →
- 55 stocks only in Nippon India Multi Asset Allocation Fund
- 34 stocks in both — 44.1% of each portfolio by weight
- 44 stocks only in Aditya Birla Sun Life Multi Asset Allocation Fund
The more the circles overlap, the more the funds hold the same stocks.
Nippon India Multi Asset Allocation Fund and Aditya Birla Sun Life Multi Asset Allocation Fund share 44% of their equity book by weight.
Shared holdings — Nippon India Multi Asset Allocation Fund vs Aditya Birla Sun Life Multi Asset Allocation Fund
| Stock | Nippon India Multi Asset Allocation Fund | Aditya Birla Sun Life Multi Asset Allocation Fund | |
|---|---|---|---|
| ICICI Bank Limited | 5.98% | 5.45% | 5.45% |
| Axis Bank Limited | 4.21% | 3.95% | 3.95% |
| Reliance Industries Limited | 2.59% | 2.65% | 2.59% |
| Eternal Limited | 2.87% | 2.28% | 2.28% |
| Infosys Limited | 2.35% | 2.28% | 2.28% |
| HDFC Bank Limited | 5.65% | 2.15% | 2.15% |
| Hindustan Unilever Limited | 2.31% | 1.93% | 1.93% |
| Kotak Mahindra Bank Limited | 2.02% | 1.89% | 1.89% |
| Varun Beverages Limited | 1.83% | 1.61% | 1.61% |
| Avenue Supermarts Limited | 1.76% | 1.60% | 1.60% |
| State Bank of India | 2.94% | 1.42% | 1.42% |
| Swiggy Limited | 1.41% | 1.59% | 1.41% |
| Mahindra & Mahindra Limited | 2.50% | 1.29% | 1.29% |
| Max Financial Services Limited | 1.18% | 1.20% | 1.18% |
| Bharti Airtel Limited | 1.06% | 2.54% | 1.06% |
19 more stocks in common. 34 shared of 89 / 78 positions. Weights are shown as a share of each fund's equity book.
| Metric | Nippon India · Direct NAV ₹25.97 High risk ★★★★★ | Aditya Birla Sun Life · Direct NAV ₹17.41 High risk ★★★★☆ | Category median Multi Asset Allocation · 37 funds |
|---|---|---|---|
| +3.93% | +6.92%Best in row | +4.23% | |
| +17.42%Best in row | +16.02% | +14.32% | |
| +13.88% | — | +12.65% | |
| +16.87% | +15.93% | +11.08% | |
| +14.83% | — | — | |
| +18.92%Best in row | +17.62% | +16.64% | |
| +17.42% | — | +14.07% | |
| Risk | |||
| 10.09%Best in row | 10.58% | 10.20% | |
| 1.08Best in row | 0.90 | 0.80 | |
| 1.47Best in row | 1.23 | 1.10 | |
| -10.78% | -12.83% | -11.95% | |
| +9.09%Best in row | +7.18% | +5.76% | |
| 0.61 | 0.66 | 0.61 | |
| 87.4%Best in row | 83.9% | 79.9% | |
| 22.6%Best in row | 29.9% | 29.5% | |
| 0.48%Best in row | 0.67% | 0.85% | |
| ₹17,454Cr | ₹7,410Cr | ₹1,950Cr | |
| ₹5.00K | ₹500 | — | |
| 84% | 45% | 97% | |
| Vikram Dhawan · 6.3y | Bhupesh Bameta · 3.8y | — | |
| 28 Aug 2020 | 31 Jan 2023 | — | |
| 89 | 78 | — | |
| 19.5% | 20.4% | — | |
| 16.3% | 2.4% | — | |
6 rows carry the same value for every fund — show
- 10Y return (CAGR)
- —
- 10Y rolling avg
- —
- Benchmark
- Nifty 50 TRI
- Exit load
- Up to 1.00%
- Lock-in
- None
- Min SIP
- ₹100
Best marks the strongest value in a row, and only where the gap is bigger than noise — a near-tie is left unmarked rather than dressed up as a result. SIP XIRR is a ₹10,000/month instalment over 5 years of real NAV history. Nothing here is supplied by a fund house. For research only — not investment advice.
Frequently asked questions
Which fund has delivered higher returns — Nippon India Multi Asset Allocation Fund or Aditya Birla Sun Life Multi Asset Allocation Fund?
Over the last 3 years, Nippon India Multi Asset Allocation Fund returned +17.42% CAGR against Aditya Birla Sun Life Multi Asset Allocation Fund's +16.02%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Nippon India Multi Asset Allocation Fund or Aditya Birla Sun Life Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund has the lower expense ratio: Nippon India Multi Asset Allocation Fund charges 0.48% a year against Aditya Birla Sun Life Multi Asset Allocation Fund's 0.67%. The expense ratio is deducted from the NAV daily, so a lower one compounds in the investor's favour.
Which fund is riskier — Nippon India Multi Asset Allocation Fund or Aditya Birla Sun Life Multi Asset Allocation Fund?
Aditya Birla Sun Life Multi Asset Allocation Fund has shown higher volatility (+10.58% annualized vs Nippon India Multi Asset Allocation Fund's +10.09%), measured as the annualized standard deviation of daily returns over the trailing 3 years. Worst 3-year drawdown: Nippon India Multi Asset Allocation Fund -10.78% vs Aditya Birla Sun Life Multi Asset Allocation Fund -12.83%.
Which fund manages more money — Nippon India Multi Asset Allocation Fund or Aditya Birla Sun Life Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund is the larger fund: Nippon India Multi Asset Allocation Fund manages ₹17,454Cr against Aditya Birla Sun Life Multi Asset Allocation Fund's ₹7,410Cr in assets. Size cuts both ways — scale lowers costs, but a very large fund can find it harder to move in and out of positions.
Are Nippon India Multi Asset Allocation Fund and Aditya Birla Sun Life Multi Asset Allocation Fund in the same category?
Yes — both are Multi Asset Allocation schemes, so their returns, risk and cost are directly comparable against the same peer set.
Figures update daily from AMFI NAV history; ratings and ranks are WealthTicker’s own — see the methodology. This is data, not investment advice.