SBI MULTI ASSET ALLOCATION 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%); SBI MULTI ASSET ALLOCATION FUND has the lower expense ratio (0.76%); Nippon India Multi Asset Allocation Fund has the better risk-adjusted return (Sharpe 1.06). This is analysis from past data, not a recommendation.
| Metric | SBI MULTI ASSET ALLOCATION FUND | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| 1Y return | +10.75% | +12.54% |
| 3Y CAGR | +17.08% | +19.96% |
| 5Y CAGR | +13.68% | +16.06% |
| Sharpe ratio | 0.99 | 1.06 |
| Max drawdown | -8.6% | -10.8% |
| Volatility | 7.8% | 9.2% |
| Alpha | +9.03% | +11.65% |
| Expense ratio (Direct) | 0.76% | 1.07% |
| AUM | ₹15.2K 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?
SBI MULTI ASSET ALLOCATION FUND has the lower Direct-plan expense ratio (0.76%), 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.