HybridMulti Asset AllocationRegularGrowthHigh

Bajaj Finserv Multi Asset Allocation Fund

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

As of 05 Oct 2026, the NAV of Bajaj Finserv Multi Asset Allocation Fund is ₹11.82 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bajaj Finserv Multi Asset Allocation Fund delivered?

Bajaj Finserv Multi Asset Allocation Fund has returned +4.36% over 1 year and +7.26% 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 Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund charges an expense ratio of 2.20% 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 Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund's largest holdings are DSP Gold ETF (8.1%), ICICI Bank Limited (6.0%), HDFC Bank Limited (6.0%), State Bank of India (3.3%) and Embassy Office Parks REIT (3.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.3% and its worst peak-to-trough fall in our sample was -13.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

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

Bajaj Finserv Multi Asset Allocation Fund is benchmarked against the 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold. Its alpha and beta on this page are measured against that index.

Q: Who manages Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund is managed by Anup Kulkarni, Siddharth Chaudhary and Cheragh Sidhwa at Bajaj Finserv.

Q: How is Bajaj Finserv Multi Asset Allocation Fund taxed?

Bajaj Finserv 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.

Bajaj Finserv Mutual Fund · Best Multi Asset Allocation Mutual Funds

NAV

₹11.82

+0.20% 1D

as of 05 Oct 2026

This is the Regular plan of Bajaj Finserv Multi Asset Allocation Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+3.66%absolute

52-week rangePrev NAV ₹11.79

Latest ₹11.82

Low ₹11.2433rd percentile of its 52-week rangeHigh ₹12.98

Scorecard

★★☆☆☆2/5 vs 31 of 36 Multi Asset Allocation peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Multi Asset Allocation (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 31 of the 36 Multi Asset Allocation funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Multi Asset Allocation peers to rank yet

RiskModerate

Volatility 10.3% vs 9.9% category avg

CostAverage

2.2% expense vs 2.2% category avg

Consistency—

Not enough history for a rolling 3Y view

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.20%

Category 2.18%▲0.02%

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

20.36

Category —

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

—

Category 0.73

Scheme Info

Definitions

Plan

Regular · Growth

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

None

If units are redeemed / switched out within 3 months from the date of allotment: • if up to 30% of units allotted are redeemed/switched out – Nil • any redemption / switch-out of units in excess of 30% of units allotted – 1% of applicable NAV. If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 3 months from the date of allotment, no exit load is payable.

Up to 1.00%

tiered — see the full terms

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

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices 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.

06 Jun 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.92%

Absolute return over the last 3 months (not annualized)

-2.72%

Absolute return over the last 6 months (not annualized)

+2.46%

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

-3.80%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.36%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

+7.26%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

10.30%

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

—

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

—

Largest peak-to-trough decline over full history

-13.38%

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

—

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

—

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

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

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	-3.92%	-3.47%	-0.45%
3M abs	-2.72%	-2.24%	-0.48%
6M abs	+2.46%	+3.88%	-1.42%
1Y CAGR	+4.36%	+4.48%	-0.12%
3Y CAGR	—	+13.19%	—
5Y CAGR	—	+11.72%	—

Category average across peers in Multi Asset Allocation (up to 36 funds with data), 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.

Category rank

Vs 36 peers in Multi Asset Allocation

1Y return

+4.36%

Beats 43.3% · rank #18

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.17L

Absolute

-2.21%

XIRR

-4.76%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Bajaj Finserv 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	-3.80%	-12.85%	+9.05%
2025	+19.10%	+11.97%	+7.13%
2024part	+2.77%	—	—

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

575

Expense ratio

2.20%

AUM

₹1,831Cr

Exit load

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

P/E ratio

20.4

P/B ratio

4.2

Avg market cap

₹4,56,772Cr

P/E & P/B are portfolio-weighted harmonic means across 47 of 61 equity holdings (60% 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


Bajaj Finserv Multi Asset Allocation FundThis fund Bajaj Finserv · Regular · Growth	★★☆☆☆ 1Y	+4.36%	—	—	—	2.20%	₹1,831Cr
Quant Multi Asset Allocation Fund quant · Regular · Growth	★★★☆☆	+11.87%	+20.86%	+17.03%	—	2.29%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Regular · Growth	★★★★★	+6.63%	+16.71%	+13.46%	—	1.44%	₹15,069Cr
DSP Multi Asset Allocation Fund DSP · Regular · Growth	★★★★★	+7.28%	+15.92%	—	—	1.59%	₹9,515Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Regular · Growth	★★★☆☆	+8.94%	+15.58%	—	—	1.77%	₹13,629Cr
WhiteOak Capital Multi Asset Allocation Fund WhiteOak Capital · Regular · Growth	★★★★★	+7.98%	+15.16%	—	—	1.67%	₹7,308Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 91% of the equity sleeve priced.

Large cap67.3%
Mid cap14.3%
Small cap18.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity72.90%
Other19.61%
Debt5.12%
Cash & Equivalents2.37%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Bajaj Finserv Balanced Advantage Fund Bajaj Finserv · Dynamic Asset Allocation or Balanced Advantage	54.0%	★★★☆☆	1.00%	—
Invesco India Multi Asset Allocation Fund Invesco · Multi Asset Allocation	49.7% of 37% equity	★★★☆☆	0.54%	—
360 ONE ELSS Tax Saver Nifty 50 Index Fund 360 One · Index Funds	49.5%	★★☆☆☆	0.37%	+5.84%
Zerodha Nifty 50 Index Fund Zerodha · Index Funds	49.5%	★☆☆☆☆	0.28%	—
Bandhan Nifty 50 Index Fund Bandhan · Index Funds	49.5%	★★★☆☆	0.16%	+5.91%
Franklin India NSE Nifty 50 Index Fund Franklin Templeton · Index Funds	49.5%	★★★☆☆	0.31%	+5.88%
Nippon India Index Fund - Nifty 50 Nippon India · Index Funds	49.5%	★★★☆☆	0.13%	+5.93%
Taurus Nifty 50 Index Fund Taurus · Index Funds	49.5%	★★☆☆☆	0.86%	+5.15%

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.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 2.69% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Rubicon Research LimitedLong-term · Stage I1.55%
Whirlpool of India LimitedShort-term · Stage I1.14%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-13.4%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.
-10.6%27 Sep 2024 → 03 Mar 2025
Fell over 5 months, back to the old high on 26 Jun 2025 — 4 months under water after the low.

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

₹1,831Cr

April - June 2026

+11%

since January - March 2026

+₹235.67Cr

est. net flow, last quarter

At or near its largest, ₹1,831Cr 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

Bajaj Finserv Mutual Fund is run by Bajaj Finserv Asset Management, part of the Bajaj Finserv financial services group, and began launching schemes in 2023. Its line-up spans equity, hybrid and debt.

Launched

17 Oct 2021

Total AUM

₹37,842Cr+14.6% QoQ

Avg AUM · July - September 2026

Website

bajajamc.com

Fund Managers

AKAnup KulkarniManaging since 10 Jun 2025

Experience

Mr. Anup Kulkarni has joined the AMC with effect from December 02, 2024. Prior to joining the AMC, Shri Anup Kulkarni was associated with PineBridge India Private Limited from November 2015 till November 2024. Before joining PineBridge India Private Limited, he was also associated with Deutsche Asset Management India Pvt. Ltd from September 2014 to November 2015. He has work experience of over 16 years in financial markets both, on the sell and buy side. His experience includes coverage and stock recommendations for Foreign Portfolio Investment (FPI) Fund and Mutual Fund.

All schemes Anup Kulkarni runs →

SCSiddharth ChaudharyStart date not disclosed

Role

Senior Fund Manager – Fixed Income

Experience

Mr. Chaudhary joined the Company in July 2022 as Senior Fund Manager Fixed Income. Prior to this he was associated with Sundaram Asset Management Co. Ltd from April 2019 - July 2022 as Head Fixed Income Institutional Business, from April 2017 – March 2019 as Senior Fund Manager – Fixed Income, from August 2010

Funds managed (19)

All schemes Siddharth Chaudhary runs →

CSCheragh SidhwaStart date not disclosed

Role

Fund Manager Commoditie s

Education

Master of - Management Studies (Finance)

Experience

including assignments held during the last 10 years Mr. Cheragh Sidhwa joined the Company in July 2024 as a Senior Research Analyst and has been actively involved in investment research, idea generation and portfolio management support, with primary focus on commodities (metals, mining, oil, gas and cement) as well as global market trends. Upon his appointment as Fund Manager – Commodities and Key Personnel, he will be responsible for overseeing commodity-focused investment strategies, with focus on global commodity cycles, supply- demand dynamics, pricing trends and underlying market fundamentals. Prior to joining the Company, he was associated with ICICI Securities Limited and Emkay Global Financial Services Limited. He brings over 10 years of experience in equity research across multiple sectors, with expertise in company and sector analysis, identifying alpha-generating opportunities, and recommending investment strategies.

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.

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Fund managers

Siddharth Chaudhary

Top holdings

ICICI Bank Limited HDFC Bank Limited State Bank of India Embassy Office Parks REIT Bharti Airtel Limited Larsen & Toubro Limited Divi's Laboratories Limited Reliance Industries Limited Bajaj Finance Limited Mindspace Business Parks REIT Infosys Limited Tata Steel Limited

Bajaj Finserv 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.

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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 Bajaj Finserv Multi Asset Allocation Fund?

As of 05 Oct 2026, the NAV of Bajaj Finserv Multi Asset Allocation Fund is ₹11.82 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bajaj Finserv Multi Asset Allocation Fund delivered?

Bajaj Finserv Multi Asset Allocation Fund has returned +4.36% over 1 year and +7.26% 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 Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund charges an expense ratio of 2.20% 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 Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund's largest holdings are DSP Gold ETF (8.1%), ICICI Bank Limited (6.0%), HDFC Bank Limited (6.0%), State Bank of India (3.3%) and Embassy Office Parks REIT (3.2%). Holdings are disclosed monthly and change over time.

How risky is Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 10.3% and its worst peak-to-trough fall in our sample was -13.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund is benchmarked against the 65% Nifty 50 TRI + 25% NIFTY Short Duration Debt Index + 10% Domestic Prices of Gold. Its alpha and beta on this page are measured against that index.

Who manages Bajaj Finserv Multi Asset Allocation Fund?

Bajaj Finserv Multi Asset Allocation Fund is managed by Anup Kulkarni, Siddharth Chaudhary and Cheragh Sidhwa at Bajaj Finserv.

How is Bajaj Finserv Multi Asset Allocation Fund taxed?

Bajaj Finserv 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.