ICICI Prudential Multi - Asset Fund vs Nippon India Multi Asset Allocation Fund
Updated June 2026 · both Multi Asset Allocation funds · metrics from AMFI NAVs
In short: Nippon India Multi Asset Allocation Fund has the higher 3-year return (+19.96%); ICICI Prudential Multi - Asset Fund has the lower expense ratio (0.80%); ICICI Prudential Multi - Asset Fund has the better risk-adjusted return (Sharpe 1.28). This is analysis from past data, not a recommendation.
| Metric | ICICI Prudential Multi - Asset Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| 1Y return | +3.83% | +12.54% |
| 3Y CAGR | +16.56% | +19.96% |
| 5Y CAGR | +17.15% | +16.06% |
| Sharpe ratio | 1.28 | 1.06 |
| Max drawdown | -9.5% | -10.8% |
| Volatility | 8.7% | 9.2% |
| Alpha | +8.53% | +11.65% |
| Expense ratio (Direct) | 0.80% | 1.07% |
| AUM | ₹80.6K Cr | ₹12.6K Cr |
Winner on each row highlighted (lower is better for expense ratio and volatility; max drawdown closer to zero is better). Computed from AMFI NAVs - see methodology. No paid placement.
FAQ
Which has the lower expense ratio?
ICICI Prudential Multi - Asset Fund has the lower Direct-plan expense ratio (0.80%), versus 1.07% for the other. Over long horizons a lower TER compounds into a meaningful difference.
Which has performed better over 3 years?
Nippon India Multi Asset Allocation Fund has the higher 3-year CAGR (+19.96%). Past performance does not predict future returns - check volatility and drawdown too, shown above.
How are these figures calculated?
All returns, risk metrics and alpha are computed independently from AMFI daily NAVs using a disclosed methodology. FindMF takes no commission and this comparison is not a recommendation.