Nippon India Multi Asset Allocation Fund vs DSP Multi Asset Allocation Fund
Nippon India Multi Asset Allocation Fund (Direct) and DSP 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 09 Sep 2026
Growth of ₹100 (rebased over the selected window)
Common period 29 Sep 2023 – 09 Sep 2026, limited by DSP 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.
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| Date | Nippon India Multi Asset Allocation Fund | DSP Multi Asset Allocation Fund | Nifty 50 |
|---|---|---|---|
| 29 Sep 2023 | ₹100.00 | ₹100.00 | ₹100.00 |
| 28 Dec 2023 | ₹111.09 | ₹108.77 | ₹110.90 |
| 26 Mar 2024 | ₹117.86 | ₹113.07 | ₹112.05 |
| 24 Jun 2024 | ₹127.94 | ₹121.91 | ₹119.86 |
| 22 Sep 2024 | ₹136.56 | ₹130.30 | ₹131.33 |
| 20 Dec 2024 | ₹133.21 | ₹127.94 | ₹120.11 |
| 20 Mar 2025 | ₹132.99 | ₹131.02 | ₹118.09 |
| 18 Jun 2025 | ₹143.47 | ₹139.30 | ₹126.35 |
| 15 Sep 2025 | ₹151.47 | ₹146.51 | ₹127.65 |
| 14 Dec 2025 | ₹159.77 | ₹157.87 | ₹132.63 |
| 14 Mar 2026 | ₹159.38 | ₹160.54 | ₹117.89 |
| 11 Jun 2026 | ₹162.37 | ₹162.92 | ₹117.94 |
| 09 Sep 2026 | ₹170.49 | ₹166.68 | ₹119.32 |
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 →
Nippon India Multi Asset Allocation Fund and DSP Multi Asset Allocation Fund share 36% of their equity book by weight.
Shared holdings — Nippon India Multi Asset Allocation Fund vs DSP Multi Asset Allocation Fund
| Stock | Nippon India Multi Asset Allocation Fund | DSP Multi Asset Allocation Fund | |
|---|---|---|---|
| ICICI Bank Ltd | 7.01% | 8.35% | 7.01% |
| HDFC Bank Ltd | 4.33% | 10.43% | 4.33% |
| State Bank of India | 3.40% | 4.13% | 3.40% |
| Axis Bank Ltd | 3.30% | 8.69% | 3.30% |
| Reliance Industries Ltd | 2.81% | 4.79% | 2.81% |
| Mahindra & Mahindra Ltd | 3.11% | 2.59% | 2.59% |
| Info Edge (India) Ltd | 2.68% | 2.59% | 2.59% |
| NTPC Ltd | 2.02% | 2.99% | 2.02% |
| Sun Pharmaceutical Industries Ltd | 1.45% | 1.60% | 1.45% |
| Samvardhana Motherson International Ltd | 1.45% | 2.74% | 1.45% |
| Bharti Airtel Ltd | 1.29% | 5.96% | 1.29% |
| Infosys Ltd | 2.87% | 1.11% | 1.11% |
| KFin Technologies Ltd | 0.60% | 1.51% | 0.60% |
| Hindustan Petroleum Corporation Ltd | 0.43% | 1.82% | 0.43% |
| Ultratech Cement Ltd | 0.42% | 2.37% | 0.42% |
4 more stocks in common. 19 shared of 92 / 42 positions. Weights are shown as a share of each fund's equity book.
| Metric | Nippon India · Direct NAV ₹27.12 High risk ★★★★★ | DSP · Direct NAV ₹16.66 High risk ★★★★★ | Category median Multi Asset Allocation · 36 funds |
|---|---|---|---|
| +13.77% | +15.31%Best in row | +11.93% | |
| +18.82% | +18.94%Best in row | +14.74% | |
| +15.67% | — | +13.52% | |
| +18.17% | +18.94%Best in row | +12.79% | |
| +17.43%Best in row | +15.82% | — | |
| +18.81% | — | +16.81% | |
| +17.73% | — | +14.11% | |
| Risk | |||
| 9.99% | 8.83%Best in row | 10.05% | |
| 1.23 | 1.41Best in row | 0.72 | |
| 1.69 | 1.98Best in row | 0.98 | |
| -10.78% | -9.71%Best in row | -12.01% | |
| +11.73%Best in row | +10.94% | +8.33% | |
| 0.61 | 0.43 | 0.61 | |
| 94.1%Best in row | 81.2% | 87.9% | |
| 12.5% | -0.3%Best in row | 24.1% | |
| 0.47%Best in row | 0.63% | 0.81% | |
| ₹15,069Cr | ₹9,515Cr | ₹1,831Cr | |
| ₹5.00K | ₹100 | — | |
| 139% | 143% | 56% | |
| Ashutosh Bhargava | Shantanu Godambe | — | |
| 31 Aug 2020 | 29 Sep 2023 | — | |
| 92 | 42 | — | |
| 19.9% | 19.0% | — | |
| 2.8% | 8.3% | — | |
6 rows carry the same value for every fund — show
- 10Y return (CAGR)
- —
- 10Y rolling avg
- —
- Benchmark
- Nifty 50
- 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 DSP Multi Asset Allocation Fund?
Over the last 3 years, DSP Multi Asset Allocation Fund returned +18.94% CAGR against Nippon India Multi Asset Allocation Fund's +18.82%, computed from AMFI NAV history. Past returns don't guarantee future performance.
Which fund is cheaper — Nippon India Multi Asset Allocation Fund or DSP Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund has the lower expense ratio: Nippon India Multi Asset Allocation Fund charges 0.47% a year against DSP Multi Asset Allocation Fund's 0.63%. 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 DSP Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund has shown higher volatility (+9.99% annualized vs DSP Multi Asset Allocation Fund's +8.83%), 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 DSP Multi Asset Allocation Fund -9.71%.
Which fund manages more money — Nippon India Multi Asset Allocation Fund or DSP Multi Asset Allocation Fund?
Nippon India Multi Asset Allocation Fund is the larger fund: Nippon India Multi Asset Allocation Fund manages ₹15,069Cr against DSP Multi Asset Allocation Fund's ₹9,515Cr 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 DSP 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.