Aditya Birla Sun Life Multi Asset Allocation Fund vs Nippon India Multi Asset Allocation Fund
Multi Asset Allocation · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 13-Jul-2026
| Metric | Aditya Birla Sun Life Multi Asset Allocation Fund | Nippon India Multi Asset Allocation Fund |
|---|---|---|
| Latest NAV | ₹17.7 | ₹26.72 |
| 1-Year Return | +14.78% | +14.09% |
| 3-Year Return (CAGR) | +18.22% | +20.34% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 12.4% | 10.8% |
| Max Drawdown | −12.8% | −10.8% |
| Fund House | Aditya Birla Sun Life Mutual Fund | Nippon India Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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Aditya Birla Sun Life Multi Asset Allocation Fund vs Nippon India Multi Asset Allocation Fund: which is better?
Aditya Birla Sun Life Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund are both multi asset allocation mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised), Nippon India Multi Asset Allocation Fund leads with +20.34% against +18.22% — a gap of about 2.12 percentage points per year over that period.
Nippon India Multi Asset Allocation Fund has been the steadier fund over the past year, with annualised volatility of 10.8% versus 12.4%. Looking at worst falls, Aditya Birla Sun Life Multi Asset Allocation Fund's deepest drawdown in the stored history is −12.8% against −10.8% for Nippon India Multi Asset Allocation Fund.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- Nippon India Multi Asset Allocation Fund has delivered higher 3-year returns (+20.34% vs +18.22%).
- Nippon India Multi Asset Allocation Fund has shown lower volatility over the trailing year.
- Nippon India Multi Asset Allocation Fund has had the shallower maximum drawdown (−10.8%).
Frequently Asked Questions
Which fund has given higher returns — Aditya Birla Sun Life Multi Asset Allocation Fund or Nippon India Multi Asset Allocation Fund?
Over the past 3 year period, Nippon India Multi Asset Allocation Fund has delivered higher returns: +20.34% versus +18.22% annualised. Past performance does not guarantee future results.
Which fund is less risky — Aditya Birla Sun Life Multi Asset Allocation Fund or Nippon India Multi Asset Allocation Fund?
Based on the trailing year, Nippon India Multi Asset Allocation Fund has shown lower day-to-day volatility (Aditya Birla Sun Life Multi Asset Allocation Fund: 12.4%, Nippon India Multi Asset Allocation Fund: 10.8% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both Aditya Birla Sun Life Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More Multi Asset Allocation comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.