HSBC Multi Asset Allocation Fund - Direct Plan - Growth
The aim of the fund is to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs. However, there can be no assurance or guarantee that the investment objective of the scheme would be achievedRead more
- Current NAV₹13.9474
- Fund Size (AUM)₹ 3,141 Cr.
- Expense Ratio1.04 %
- 1Y Return+4.24%
- 3Y Return (CAGR)—
- 5Y Return (CAGR)—
- Category Rank (3Y)—
- RiskometerModerate Risk
- Min. SIP / Lump sum₹ 500 / ₹ 5,000
More figures (11)
- Since Launch (CAGR)+13.40%
- Benchmark—
- Volatility (3Y)14.18 %
- Sharpe Ratio (3Y)—
- Beta (3Y)—
- 52-week High / Low₹14.7033 / ₹12.6711
- Max Drawdown-18.7 %
- Launched28 Feb 2024
- Lock-inNone
- Portfolio Turnover142 %
- Fund ManagersMahesh Chhabria, Praveen Ayathan, Cheenu Gupta +3
Performance chart
Past performance may or may not be sustained in future.
Quick take
- Over 1 year it returned 4.2%, against category average 3.0% (rank 15 of 31 Multi Asset Allocation Funds).
- Volatility over 3 years was 14.2% a year.
- Its biggest fall from a peak was 18.7% (17 Dec 2024 to 28 Feb 2025).
- Expense ratio 1.04%, fund size ₹3,141 crore.
Pros
AINo standout strengths in its record so far.
Cons
AI- Short track record: launched 1 Mar 2024, so 3- and 5-year figures are not available yet.
- Expense ratio of 1.04% is above the category median of 0.74%.
Pros and cons are generated automatically from the scheme's published figures. They are observations about past data, not a recommendation to invest, switch or redeem.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language.
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Book a free consultation Compare with other fundsReturns vs benchmark and category
| Returns (%) | 1W | 1M | 3M | 6M | YTD | 1Y | 2Y | 3Y | 5Y | 7Y | 10Y | Since launch |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| This fund | +0.07% | -2.13% | -1.87% | +1.89% | +3.32% | +4.24% | +6.47% | — | — | — | — | +13.40% |
| Category average | -1.59% | -0.71% | +2.96% | +14.22% | +12.53% | |||||||
| Rank in category | 30/37 | 7/34 | 15/31 | |||||||||
| Quartile | Q4 | Q1 | Q2 | |||||||||
| Best in category | +0.38% | +3.03% | +10.16% | +21.71% | +17.86% | |||||||
| Worst in category | -2.97% | -5.81% | -2.74% | +7.53% | +7.94% |
Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Multi Asset Allocation Funds, returns as on 17 Oct 2026. Q1 = top quarter by return over that period.
Calendar-year returns
| Year | 2026 YTD | 2025 |
|---|---|---|
| This fund | +3.32% | +9.81% |
January to December each year; the current year is to date.
Month-by-month returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.6 | 1.0 | -9.0 | 7.8 | 2.7 | -0.2 | 0.1 | 3.4 | -5.1 | 0.2 | |||
| 2025 | -9.0 | -7.8 | 6.1 | 2.7 | 3.9 | 3.7 | 0.8 | 0.5 | 4.1 | 2.5 | 1.3 | 1.8 | 9.8 |
| 2024 | 6.3 | 2.0 | 3.8 | 3.4 | 0.4 | 1.8 | -2.7 | 2.1 | 2.4 |
Change in NAV from the last business day of one month to the last business day of the next. Positive in 25 of 31 months shown (81%). "Year" is shown for complete calendar years.
Risk and consistency
| Risk measure | 3 years | 5 years |
|---|---|---|
| Volatility (standard deviation) ? | 14.18% | 14.18% |
| Sharpe ratio ? | — | — |
| Sortino ratio ? | — | — |
| Maximum drawdown | -18.69% | -18.69% |
Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.
How it handled market falls
Biggest falls in this fund's NAV
| Peak | Bottom | Fall | Back to the peak on | Time to recover |
|---|---|---|---|---|
| 17 Dec 2024 | 28 Feb 2025 | -18.7% | 10 Sep 2025 | 6 months |
| 29 Jan 2026 | 23 Mar 2026 | -11.8% | 22 Jun 2026 | 3 months |
| 15 Oct 2024 | 13 Nov 2024 | -7.4% | 5 Dec 2024 | 22 days |
| 3 Jun 2024 | 4 Jun 2024 | -6.4% | 12 Jun 2024 | 8 days |
| 26 Aug 2026 | 8 Oct 2026 | -6.3% | Not yet | — |
Falls of 5% or more from a previous high, deepest first. Time to recover runs from the bottom to the day the NAV regained its old high.
SIP returns: ₹10,000 every month
| SIP for | Invested | Value today | Gain | XIRR |
|---|---|---|---|---|
| 1Y | ₹1,20,000 | ₹1,21,633 | ₹1,633 | +2.52% |
A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.
What your investment would be worth
Worked out from the scheme's weekly NAVs (instalments on the first NAV of each month), so it can differ slightly from your statement. Past performance may or may not be sustained in future. Plan a future SIP.
Compare with all Multi Asset Allocation Funds (37)
| S.No. | Scheme (Direct plans, Growth) | NAV ₹ | 1M % | 6M % | 1Y % | 3Y % CAGR | 5Y % CAGR | Expense ratio % | Fund size ₹ Cr | Riskometer |
|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Quant Multi Asset Allocation Fundquant Mutual Fund | ₹178.8211 | -0.62 | 2.00 | 10.16 | 21.71 | 17.86 | 1.13 | 6,608 | High Risk |
| 2. | Nippon India Multi Asset Allocation FundNippon India Mutual Fund | ₹26.3663 | -2.07 | 0.10 | 4.88 | 17.90 | 14.20 | 0.46 | 18,044 | Very High Risk |
| 3. | DSP Multi Asset Allocation FundDSP Mutual Fund | ₹16.2817 | -1.55 | -1.69 | 6.17 | 17.24 | — | 0.64 | 10,820 | Very High Risk |
| 4. | Kotak Multi Asset Allocation FundKotak Mahindra Mutual Fund | ₹16.0410 | -2.03 | -1.86 | 5.62 | 16.62 | — | 0.61 | 15,236 | High Risk |
| 5. | WhiteOak Capital Multi Asset Allocation FundWhiteOak Capital Mutual Fund | ₹16.4850 | -1.13 | 2.69 | 6.96 | 16.19 | — | 0.65 | 9,111 | High Risk |
| 6. | Aditya Birla Sun Life Multi Asset Allocation FundAditya Birla Sun Life Mutual Fund | ₹17.3237 | -1.69 | 0.28 | 4.73 | 15.09 | — | 0.67 | 7,478 | Very High Risk |
| 7. | SBI MULTI ASSET ALLOCATION FUNDSBI Mutual Fund | ₹73.1084 | -1.48 | -0.77 | 4.73 | 13.92 | 12.42 | 0.71 | 21,044 | High Risk |
| 8. | UTI Multi Asset Allocation FundUTI Mutual Fund | ₹85.8549 | -1.35 | -1.65 | -1.42 | 13.88 | 12.44 | 0.73 | 6,634 | High Risk |
| 9. | Baroda BNP Paribas Multi Asset FundBaroda BNP Paribas Mutual Fund | ₹16.4457 | -2.01 | -1.94 | 0.40 | 13.29 | — | 0.87 | 1,398 | High Risk |
| 10. | ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | ₹870.9902 | -1.76 | -3.10 | -1.14 | 13.14 | 13.96 | 0.83 | 84,108 | Very High Risk |
| 11. | Axis Multi Asset Allocation FundAxis Mutual Fund | ₹51.7034 | -1.31 | 0.53 | 2.50 | 13.07 | 7.94 | 1.27 | 2,616 | Very High Risk |
| 12. | Tata Multi Asset Allocation FundTata Mutual Fund | ₹27.1782 | -2.70 | -1.86 | 0.06 | 11.96 | 11.16 | 0.64 | 5,000 | Very High Risk |
| 13. | HDFC Multi Asset Allocation FundHDFC Mutual Fund | ₹83.0140 | -0.84 | -1.42 | -0.97 | 11.33 | 10.22 | 1.01 | 5,782 | Very High Risk |
| 14. | Shriram Multi Asset Allocation FundShriram Mutual Fund | ₹13.5343 | -1.35 | -1.34 | 1.12 | 10.42 | — | 0.62 | 140 | Very High Risk |
| 15. | Edelweiss Multi Asset Allocation FundEdelweiss Mutual Fund | ₹12.6999 | 0.38 | 3.03 | 6.14 | 7.53 | — | 0.80 | 2,961 | High Risk |
| 16. | 360 ONE Multi Asset Allocation Fund360 ONE Mutual Fund | ₹12.1354 | -2.01 | 0.10 | 8.20 | — | — | — | — | — |
| 17. | AlphaGrep Multi Asset Allocation FundAlphaGrep Mutual Fund | ₹10.2451 | -0.20 | — | — | — | — | — | — | — |
| 18. | Bajaj Finserv Multi Asset Allocation FundBajaj Finserv Mutual Fund | ₹12.2833 | -1.61 | -2.08 | 1.93 | — | — | 0.74 | 1,913 | Very High Risk |
| 19. | BANDHAN MULTI ASSET ALLOCATION FUNDBandhan Mutual Fund | ₹14.4876 | -1.45 | 1.05 | 7.28 | — | — | 0.77 | 3,684 | Very High Risk |
| 20. | Bank of India Multi Asset Allocation FundBank of India Mutual Fund | ₹12.8230 | -1.38 | 1.08 | 6.06 | — | — | 1.09 | 369 | Very High Risk |
| 21. | Canara Robeco Multi Asset Allocation FundCanara Robeco Mutual Fund | ₹11.1600 | -2.02 | 0.90 | 2.76 | — | — | — | — | — |
| 22. | Capitalmind Multi Asset Allocation FundCapitalmind Mutual Fund | ₹9.6301 | -2.93 | -5.81 | — | — | — | — | — | — |
| 23. | Franklin India Multi Asset Allocation FundFranklin Templeton Mutual Fund | ₹10.7339 | -2.66 | -3.11 | 1.11 | — | — | — | — | — |
| 24. | Groww Multi Asset Allocation FundGroww Mutual Fund | ₹10.0753 | -1.78 | -2.02 | -0.69 | — | — | — | — | — |
| 25. | HSBC Multi Asset Allocation FundHSBC Mutual Fund | ₹13.9474 | -2.11 | 0.97 | 3.81 | — | — | 1.04 | 3,141 | Moderate Risk |
| 26. | Invesco India Multi Asset Allocation FundInvesco Mutual Fund | ₹12.4200 | -1.35 | -0.32 | 5.43 | — | — | 0.52 | 1,213 | Very High Risk |
| 27. | ITI Multi Asset Allocation FundITI Mutual Fund | ₹9.7835 | -1.19 | — | — | — | — | — | — | — |
| 28. | JM Multi Asset Allocation FundJM Financial Mutual Fund | ₹10.0089 | -2.24 | — | — | — | — | — | — | — |
| 29. | LIC MF Multi Asset Allocation FundLIC Mutual Fund | ₹12.1103 | -2.23 | -0.78 | -1.41 | — | — | — | — | — |
| 30. | Mahindra Manulife Multi Asset Allocation FundMahindra Manulife Mutual Fund | ₹14.1076 | -1.49 | 1.03 | 4.80 | — | — | 0.60 | 1,214 | Very High Risk |
| 31. | Mirae Asset Multi Asset Allocation FundMirae Asset Mutual Fund | ₹13.8360 | -1.11 | -0.22 | 4.95 | — | — | 0.62 | 3,607 | High Risk |
| 32. | PGIM India Multi Asset Allocation FundPGIM India Mutual Fund | ₹10.3400 | -1.80 | -0.96 | — | — | — | — | — | — |
| 33. | Quantum Multi Asset Allocation FundQuantum Mutual Fund | ₹12.1000 | -0.49 | -1.87 | -2.26 | — | — | 0.41 | 54 | Very High Risk |
| 34. | Samco Multi Asset Allocation FundSamco Mutual Fund | ₹12.0900 | -2.97 | -1.63 | -0.49 | — | — | 2.67 | 380 | Very High Risk |
| 35. | Sundaram Multi Asset Allocation FundSundaram Mutual Fund | ₹13.2148 | -2.97 | -3.29 | -2.74 | — | — | 0.78 | 3,205 | Very High Risk |
| 36. | The Wealth Company Multi Asset Allocation FundThe Wealth Company Mutual Fund | ₹10.7195 | -0.55 | 0.91 | — | — | — | — | — | — |
| 37. | Union Multi Asset Allocation FundUnion Mutual Fund | ₹12.1600 | -0.82 | -0.98 | 3.05 | — | — | 1.30 | 989 | Very High Risk |
| Median: 37 schemes | — | -1.55 | -0.87 | 3.05 | 13.88 | 12.43 | 0.74 | 3,406 | — |
Detailed comparison with another fund About Multi Asset Allocation Funds
Sorted by 3-year return; tap a heading to sort. Expense ratio and fund size are from published scheme data ("—" = not available yet). Sorting by past returns is a way to explore data, not a ranking of which fund to choose.
Scheme details
- Investment objective
- The aim of the fund is to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved
- Fund managers
- Mahesh Chhabria, Praveen Ayathan, Cheenu Gupta, Mohd Asif Rizwi, Dipan Parikh, Mayank Chaturvedi
- Fund house
- HSBC Mutual Fund
- Category
- Multi Asset Allocation Funds · Hybrid
- Plan / option
- Direct · Growth
- AMFI scheme code
- 152380
- ISIN
- INF336L01RI3
- Scheme documents
- SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.
About Multi Asset Allocation Funds
Multi Asset Allocation Funds invest at least 10% each in at least three asset classes, such as equity, debt and gold.
Generally used by investors who want diversification across asset classes in one fund.
Other plans of this scheme
Tax on your gains
Likely tax treatment: Equity-oriented fund
- Held 12 months or less: short-term gain taxed at 20%.
- Held over 12 months: long-term gain taxed at 12.5% on gains above ₹1.25 lakh a year (the ₹1.25 lakh exemption covers all your equity funds and shares together).
- Dividends (IDCW option) are added to your income and taxed at your slab rate; the fund deducts 10% TDS when they exceed ₹10,000 in a year.
- Switching from one scheme or plan to another counts as selling and buying.
- Surcharge and 4% health and education cess apply on top of these rates.
| Fund type | Short-term | Long-term |
|---|---|---|
| Equity-oriented | 20% (up to 12 months) | 12.5% above ₹1.25 lakh |
| Debt-oriented (bought from Apr 2023) | Slab rate | Slab rate |
| Gold, international, other hybrid | Slab rate | 12.5% (after 12 or 24 months) |
Exit load, if any, is set out in the scheme's KIM (scheme documents). Tax rules change from time to time and depend on your situation; please confirm with your tax adviser. This is general information, not tax advice.
Fund managers
From the scheme details published by the fund house. "Also manages" lists schemes we have on record and grows as more schemes are viewed.
Latest news: HSBC Mutual Fund
- HSBC India Export Opportunities Fund completes 2 years: How a ₹10,000 monthly SIP performedCNBC TV18 · Yesterday
- HSBC Mutual Fund uses everyday habits to promote SIP discipline in new campaign filmmarketech apac · 6 Oct
- HSBC Mutual Fund launches #StayDiSIPlined campaign to encourage investors to make SIP investing a routine, not a reaction to market volatilityTheWire.in · 1 Oct
- Anuj Rathi named next HSBC Mutual Fund CEOLivemint · 29 Sep
- HSBC Mutual Fund launches #StayDiSIPlined investor education campaignMediaBrief · 28 Sep
- Pitch BFSI Summit: India now has 3.5 household incomes -Kailash Kulkarni, HSBC Mutual FundExchange4Media · 23 Sep
- Interview with Kailash Kulkarni, CEO at HSBC Mutual FundValue Research · 21 Sep
Headlines from Google News about this fund house and its schemes over the last 30 days. Lists of "best funds" and buy or sell calls are left out. Links open the publisher's site.
Questions about this scheme
What is the NAV of HSBC Multi Asset Allocation Fund today?
What returns has HSBC Multi Asset Allocation Fund given?
What is the expense ratio of HSBC Multi Asset Allocation Fund?
How risky is this fund?
What is the difference between Direct and Regular plans?
What are Multi Asset Allocation Funds?
How are gains from HSBC Multi Asset Allocation Fund taxed?
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