Nippon India Multi Asset Allocation Fund
Multi Asset Allocation fund from Nippon India Mutual Fund. Direct and regular Growth plans: returns over 1, 3 and 5 years, against the Nifty 50, its rank among multi asset allocation funds and what a ₹10,000 SIP became.
As of 30 Sep 2026, Nippon India Multi Asset Allocation Fund (direct plan, Growth) has returned 15.0% a year over 5 years, 18.3% over 3 years. That ranks 2 of 8 multi asset allocation funds over 5 years. A ₹10,000 monthly SIP for 5 years (₹6,00,000) was worth ₹8,94,301, an XIRR of 15.9%. Expense ratio: 0.47% a year for the direct plan and 1.44% for the regular plan. Latest NAV ₹25.81 (29 Oct 2026).
Nippon India Multi Asset Allocation Fund returns
| Plan | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|
| Direct | 9.1% | 18.3% | 15.0% | — |
| Regular | 8.0% | 16.9% | 13.6% | — |
To 30 Sep 2026. Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund.
Against the index
| Period | Fund | Nifty 50 |
|---|---|---|
| 1 year | 9.1% | -7.3% |
| 3 years | 18.3% | 5.8% |
| 5 years | 15.0% | 6.1% |
Hybrid funds hold bonds as well as shares, so the Nifty 50 overstates what they aim for; compare them within their category.
Calendar-year returns
| Year | Direct | Regular |
|---|---|---|
| 2025 | 21.0% | 19.6% |
| 2024 | 20.1% | 18.6% |
| 2023 | 25.9% | 24.3% |
| 2022 | 4.6% | 3.2% |
| 2021 | 21.1% | 19.2% |
What a ₹10,000 SIP in Nippon India Multi Asset Allocation Fund became
| Plan | SIP for | Invested | Value at 30 Sep 2026 | XIRR |
|---|---|---|---|---|
| Direct | 3 years | ₹3,60,000 | ₹4,37,994 | 13.1% |
| Direct | 5 years | ₹6,00,000 | ₹8,94,301 | 15.9% |
| Regular | 3 years | ₹3,60,000 | ₹4,29,904 | 11.8% |
| Regular | 5 years | ₹6,00,000 | ₹8,64,172 | 14.6% |
A ₹10,000 SIP at each month-end NAV, valued at the latest month-end. Try your own amount and dates with the SIP calculator.
Expense ratio
0.47% a year for the direct plan and 1.44% for the regular plan, as disclosed for 30 Sep 2026 (AMFI's TER disclosure). It is taken out of the fund every day, so the returns above are already after it. On ₹10 lakh growing at 12% a year for 10 years, a 1.44% expense ratio instead of 0.47% costs ₹2,49,093. Try your own numbers with the expense ratio calculator.
Direct vs regular plan
The regular plan returned 1.42 points a year less than the direct plan over 5 years: on ₹10 lakh invested 5 years ago, that is ₹1,21,394 less today. The difference is the distributor's commission and the higher expense ratio. See it for your amount with the direct vs regular calculator.
Where it ranks among multi asset allocation funds
| Rank | Fund | 5-year return (direct) |
|---|---|---|
| 1 | Quant Multi Asset Allocation Fund | 19.1% |
| 2 | Nippon India Multi Asset Allocation Fund | 15.0% |
| 3 | ICICI Prudential Multi Asset Allocation Fund | 14.7% |
| 4 | SBI Multi Asset Allocation Fund | 13.0% |
| 5 | UTI Multi Asset Allocation Fund | 12.6% |
Ranked by 5-year return among the 8 multi asset allocation funds with that much history. All multi asset allocation funds.
Key takeaways
Frequently asked questions
What is the NAV of Nippon India Multi Asset Allocation Fund?
₹25.81 for the direct plan (Growth) on 29 Oct 2026, from AMFI.
What are Nippon India Multi Asset Allocation Fund's 5-year returns?
15.0% a year (direct plan, to 30 Sep 2026).
What is the expense ratio of Nippon India Multi Asset Allocation Fund?
0.47% a year for the direct plan and 1.44% for the regular plan (AMFI disclosure for 30 Sep 2026).
What did a SIP in Nippon India Multi Asset Allocation Fund return?
₹10,000 a month for 5 years became ₹8,94,301, an XIRR of 15.9%.