HybridMulti Asset AllocationRegularIDCWHigh

SBI Multi Asset Allocation Fund

Q: What is the NAV of SBI Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of SBI Multi Asset Allocation Fund is ₹29.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has SBI Multi Asset Allocation Fund delivered?

SBI Multi Asset Allocation Fund has returned +6.37% over 1 year, +13.19% per year over 3 years, +11.85% per year over 5 years and +5.30% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund charges an expense ratio of 1.41% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund's largest holdings are SBI Gold ETF (6.8%), SBI Silver ETF (3.8%), Brookfield India Real Estate Trust (2.5%), Embassy Office Parks Reit (2.0%) and GAIL (India) Ltd. (2.0%). Holdings are disclosed monthly and change over time.

Q: How risky is SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.0% and its worst peak-to-trough fall in our sample was -17.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 0.83 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Multi Asset Allocation Fund's 0.83 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund is benchmarked against the 45% CRISIL 10 Year Gilt Index + 40% Nifty 50 + 15% Price of Gold. Its alpha and beta on this page are measured against that index.

Q: Who manages SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund is managed by Dinesh Balachandran, Vandna Soni and Mansi Sajeja at SBI.

Q: How is SBI Multi Asset Allocation Fund taxed?

SBI Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

SBI Mutual Fund · Best Multi Asset Allocation Mutual Funds

NAV

₹29.10

-0.47% 1D

as of 01 Oct 2026

This is the Regular plan of SBI Multi Asset Allocation Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

Performance

+6.93%CAGR

52-week rangePrev NAV ₹29.24

Latest ₹29.10

Low ₹27.3657th percentile of its 52-week rangeHigh ₹30.41

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Hybrid funds (same plan and option) to rank against yet.

Performance—

Not enough Multi Asset Allocation peers to rank yet

Risk—

Volatility 8.0% (no category average yet)

Cost—

1.4% expense (no category average yet)

ConsistencyHigh

97% of rolling 3Y windows were positive

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Consistent — positive in 97% of rolling 3-year windows

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.41%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

17.78

Category —

Excess return per unit of total volatility (rf = 6.5%)

0.83

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

—

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

45% CRISIL 10 Year Gilt Index + 40% Nifty 50 + 15% Price of Gold

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-2.72%

Absolute return over the last 3 months (not annualized)

-1.97%

Absolute return over the last 6 months (not annualized)

+4.28%

Absolute return since 1 Jan of this year (not annualized)

-0.59%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.37%

3-year annualized return (CAGR)

+13.19%

5-year annualized return (CAGR)

+11.85%

10-year annualized return (CAGR)

+8.84%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+5.30%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.01%

Excess return per unit of total volatility (rf = 6.5%)

0.83

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

1.15

Largest peak-to-trough decline over full history

-17.63%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

6.33%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.53

How much of the fund's movement Nifty 50 TRI explains

76.1%

Excess return per unit of beta (market risk)

12.95

Active return over the benchmark per unit of tracking error

0.92

Annualized std dev of fund-minus-benchmark returns

7.84%

Fund's share of benchmark gains in up months (100 = matches index)

75.2%

Fund's share of benchmark losses in down months (lower is better)

24.0%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Asset Allocation)

Period	Fund	Category avg.	Diff
1M abs	-2.72%	—	—
3M abs	-1.97%	—	—
6M abs	+4.28%	—	—
1Y CAGR	+6.37%	—	—
3Y CAGR	+13.19%	—	—
5Y CAGR	+11.85%	—	—

Category average across peers in Multi Asset Allocation, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹8.10L

Absolute

+34.96%

XIRR

+12.32%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into SBI Multi Asset Allocation Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	-0.59%	-12.85%	+12.26%
2025	+18.58%	+11.97%	+6.61%
2024	+12.79%	+10.16%	+2.63%
2023	+24.38%	+21.69%	+2.69%
2022	+5.98%	+5.68%	+0.30%
2021	+13.02%	+25.49%	-12.47%
2020	+14.22%	+16.57%	-2.35%
2019	+3.96%	+13.43%	-9.47%
2018	-2.78%	+4.40%	-7.18%
2017	+3.06%	+30.12%	-27.06%

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

4,973

Expense ratio

1.41%

AUM

₹17,976Cr

Portfolio turnover

112%

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

17.8

P/B ratio

2.7

Avg market cap

₹2,15,336Cr

P/E & P/B are portfolio-weighted harmonic means across 57 of 71 equity holdings (43% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Multi Asset Allocation

Compare all


SBI Multi Asset Allocation FundThis fund SBI · Regular · IDCW	—	+6.37%	+13.19%	+11.85%	—	1.41%	₹17,976Cr
Quant Multi Asset Allocation Fund quant · Regular · IDCW	—	+11.87%	+20.82%	+17.00%	—	2.29%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Regular · IDCW	—	+0.73%	+14.52%	+12.18%	—	1.44%	₹15,069Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Regular · IDCW	—	+2.53%	+13.26%	—	—	1.77%	₹13,629Cr
SBI Multi Asset Allocation Fund SBI · Regular · IDCW	—	+6.37%	+13.20%	+11.86%	—	1.41%	₹17,976Cr
SBI Multi Asset Allocation Fund SBI · Regular · IDCW	—	+6.37%	+13.19%	+11.85%	—	1.41%	₹17,976Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap40.5%
Mid cap25.0%
Small cap34.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity47.19%
Debt31.11%
Other10.57%
Cash & Equivalents6.66%
Real Estate / REITs4.47%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

SBI Gold ETF

6.76%

SBI Silver ETF

3.81%

Brookfield India Real Estate Trust

2.48%

Embassy Office Parks Reit

1.99%

GAIL (India) Ltd.

1.98%

Delhivery Ltd.

1.88%

National Bank for Agriculture and Rural Development

1.88%

HDFC Bank Ltd.

1.78%

Mahindra & Mahindra Financial Services Ltd.

1.65%

ICICI Bank Ltd.

1.61%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
SBI Contra Fund SBI · Contra Fund	46.7%	★★★★☆	0.88%	+9.47%
SBI Balanced Advantage Fund SBI · Dynamic Asset Allocation or Balanced Advantage	45.3% of 67% equity	★★★★★	0.86%	+9.16%
Sundaram Dividend Yield Fund Sundaram · Dividend Yield Fund	29.8%	★★☆☆☆	1.26%	+8.72%
Bandhan Multi Cap Fund Bandhan · Multi Cap Fund	29.3%	★★★☆☆	0.95%	+11.63%
DSP Equity Savings Fund DSP · Equity Savings	29.2% of 71% equity	★★★☆☆	1.11%	+8.25%
JM Arbitrage Fund JM Financial · Arbitrage Fund	28.9% of 81% equity	★★☆☆☆	1.41%	+6.96%
UTI - Arbitrage Fund UTI · Arbitrage Fund	28.9% of 67% equity	★★★★☆	1.26%	+7.33%
BANDHAN ELSS - Tax Saver Fund Bandhan · ELSS	28.5%	★★★☆☆	0.93%	+8.82%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-17.6%20 Feb 2020 → 23 Mar 2020
Fell over 32 days, back to the old high on 23 Jun 2020 — 3 months under water after the low.
-11.5%07 Jan 2008 → 10 Oct 2008
Fell over 9 months, back to the old high on 23 Aug 2010 — 1.9 years under water after the low.
-8.7%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹17,976Cr

April - June 2026

+18%

since January - March 2026

+₹2,775Cr

est. net flow, last quarter

At or near its largest, ₹17,976Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

SBI Mutual Fund is a joint venture between the State Bank of India and Amundi of France, and was set up in 1987 as the first fund house in India outside UTI. It is the largest by assets, helped by managing a share of the EPFO's ETF investments.

Launched

28 Jun 1987

Total AUM

₹12,57,352Cr+0.7% QoQ

Avg AUM · April - June 2026

Website

sbimf.com

Fund Managers

DBDinesh BalachandranManaging since 30 Oct 2021

Role

Head Investments

Education

B. Tech (IIT - B), M. S. (MIT, USA), CFA Charter holder

Experience

Mr. Dinesh has over 20 years of experience in the industry primarily as Research Analyst. Experience over past years: • Mar 2012 – till date: SBI Funds Management Limited • Aug 2004 – Dec 2011: Research Analyst, Fidelity Investments, USA • Sep 2001 – July 2004: Research Associate, Fidelity Investments, USA Presently, Dinesh Balachandran is managing SBI Balanced Advantage Fund (Equity Portion), SBI Contra Fund, SBI ELSS Tax Saver Fund, SBI Comma Fund, SBI Flexicap Fund and SBI Multi Asset Allocation (Equity Portion).

Funds managed (5)

All schemes Dinesh Balachandran runs →

VSVandna SoniStart date not disclosed

Role

Fund Manager

Education

MBA

Experience

Ms. Vandna Soni joined SBIFML in December 2021 as Equity Research Analyst and has been involved in tracking of commodities and related sectors such as Cement, Metal, Oil and Gas. She has overall 10 years of experience in the area of financial services. Prior to joining SBIFML, she was associated with following entities wherein she was primarily involved in equity research of different sectors-: SBICAP Securities Limited (April 2019 to December 2021) Antique Stock Broking (October 2018 to April 2019) CRISIL GR&A (January 2014 to September 2018) She is managing SBI Silver ETF, SBI Equity Savings Fund (ETCD portion), SBI Gold ETF, and SBI Multi Asset Allocation Fund (ETCD portion).

Funds managed (3)

All schemes Vandna Soni runs →

MSMansi SajejaStart date not disclosed

Role

Fund Manager

Total experience

17 years

Education

Post Graduate Diploma in Business Management, CFA

Experience

Mansi Sajeja joined SBIFML in September 2009 as Credit Analyst. Prior to joining SBIFML, Mansi was Rating Analyst at ICRA Limited from March 2006 to September 2009. Mansi also manages, SBI Conservative Hybrid Fund (Debt portion), SBI Multi Asset Allocation Fund (Debt portion), SBI Equity Savings Fund (debt portion), SBI Balanced Advantage Fund (debt portion), SBI Short Term Debt Fund (Co-Fund Manager).

Funds managed (2)

All schemes Mansi Sajeja runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Dinesh Balachandran Vandna Soni Mansi Sajeja

Top holdings

GAIL (India) Ltd.Delhivery Ltd.HDFC Bank Ltd.Mahindra & Mahindra Financial Services Ltd.ICICI Bank Ltd.Bandhan Bank Ltd.Biocon Ltd.Indus Towers Ltd.Kotak Mahindra Bank Ltd.Syngene International Ltd.Samvardhana Motherson International Ltd.CESC Ltd.

SBI in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Multi Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of SBI Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of SBI Multi Asset Allocation Fund is ₹29.10 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has SBI Multi Asset Allocation Fund delivered?

SBI Multi Asset Allocation Fund has returned +6.37% over 1 year, +13.19% per year over 3 years, +11.85% per year over 5 years and +5.30% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

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

SBI Multi Asset Allocation Fund charges an expense ratio of 1.41% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund's largest holdings are SBI Gold ETF (6.8%), SBI Silver ETF (3.8%), Brookfield India Real Estate Trust (2.5%), Embassy Office Parks Reit (2.0%) and GAIL (India) Ltd. (2.0%). Holdings are disclosed monthly and change over time.

How risky is SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.0% and its worst peak-to-trough fall in our sample was -17.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of 0.83 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. SBI Multi Asset Allocation Fund's 0.83 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund is benchmarked against the 45% CRISIL 10 Year Gilt Index + 40% Nifty 50 + 15% Price of Gold. Its alpha and beta on this page are measured against that index.

Who manages SBI Multi Asset Allocation Fund?

SBI Multi Asset Allocation Fund is managed by Dinesh Balachandran, Vandna Soni and Mansi Sajeja at SBI.

How is SBI Multi Asset Allocation Fund taxed?

SBI Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.