BANDHAN MULTI ASSET ALLOCATION FUND vs HDFC Multi Asset Allocation Fund
BANDHAN MULTI ASSET ALLOCATION FUND and HDFC Multi Asset Allocation Fund are both Multi Asset Allocation funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +12.54%, 5-year CAGR — vs +11.11%, volatility 9.53% vs 8.18%, maximum drawdown −10.02% vs −27.08%. Their portfolios overlap by 34.5% (39 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| Fund house | Bandhan Mutual Fund | HDFC Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹14.3782 | ₹85.3470 |
| NAV date | 4 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 1 Feb 2024 | 1 Jan 2013 |
| Track record | 2.8 yrs | 13.8 yrs |
| Fund size (AUM) | ₹3,684 Cr | ₹5,782 Cr |
| Securities held | 135 | 113 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| 1 month | −0.46% | +3.49% |
| 3 months | −3.70% | −0.41% |
| 6 months | −0.90% | +1.57% |
| 1 year | +7.43% | +2.49% |
| 3 years (CAGR) | — | +12.54% |
| 5 years (CAGR) | — | +11.11% |
| 7 years (CAGR) | — | +13.92% |
| 10 years (CAGR) | — | +11.57% |
| Since launch (CAGR) | +14.03% | +11.40% |
| SIP return (XIRR, 5 years) ⓘ | — | +10.90% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | +2.37% | +0.64% |
| 2025 | +20.98% | +14.45% |
| 2024 | — | +14.82% |
| 2023 | — | +19.43% |
| 2022 | — | +5.77% |
| 2021 | — | +19.65% |
Risk
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | 9.53% | 8.18% |
| Downside volatility ⓘ | 6.48% | 5.84% |
| Sharpe ratio ⓘ | 0.79 | 0.74 |
| Sortino ratio ⓘ | 1.16 | 1.04 |
| Maximum drawdown ⓘ | −10.02% | −27.08% |
| Recovery from that fall | 3 months | 4 months |
| Current fall from peak | −4.66% | −1.91% |
| Rolling 1-year return: worst | +4.75% | −19.92% |
| Rolling 1-year return: median | +14.39% | +11.04% |
| Rolling 1-year return: best | +28.85% | +64.26% |
| Share of 1-year periods with a loss | 0.00% | 7.20% |
Against each fund's benchmark
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | 0.59 | 0.52 |
| Alpha (Jensen's, annualised) ⓘ | +8.19% | +3.01% |
| R² ⓘ | 78.52 | 89.13 |
| Upside capture | 83.85% | 65.78% |
| Downside capture | 24.55% | 33.17% |
| Tracking error | 7.43% | 7.64% |
| Information ratio | 1.43 | 0.35 |
| Treynor ratio | 11.63 | 8.93 |
Portfolio
Asset mix
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| Equity | 64.96% | 69.09% |
| Cash & equivalents | 13.53% | 4.06% |
| Gold | 6.67% | 11.71% |
| Silver | 6.42% | 1.81% |
| Debt | 6.36% | 11.21% |
| Mutual Fund Units | 2.06% | 0.00% |
| REITs / InvITs | 0.00% | 2.12% |
Market-cap split (share of fund assets)
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| Large Cap | 39.53% | 55.99% |
| Mid Cap | 12.00% | 5.25% |
| Small Cap | 13.43% | 7.85% |
| Unclassified | 0.00% | 0.00% |
Concentration
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 32.48% | 41.82% |
| Effective number of stocks ⓘ | 60.8 | 32.6 |
| Securities held | 135 | 113 |
Portfolio overlap: 34.5%
39 companies are held by both funds; by weight, 34.5% of the two portfolios is the same. That is a moderate overlap.
| Held by both | BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 4.37% | 6.86% |
| Reliance Industries Limited | 3.71% | 4.86% |
| ICICI Bank Limited | 2.79% | 4.74% |
| Kotak Mahindra Bank Limited | 2.36% | 2.60% |
| Axis Bank Limited | 2.16% | 2.54% |
| Bharti Airtel Limited | 2.11% | 2.89% |
| Maruti Suzuki India Limited | 1.88% | 1.94% |
| Infosys Limited | 1.21% | 1.29% |
| Larsen & Toubro Limited | 1.39% | 1.17% |
| Bajaj Finserv Limited | 1.08% | 1.07% |
| Tata Consultancy Services Limited | 0.95% | 1.24% |
| ICICI Lombard General Insurance Company Limited | 0.80% | 1.15% |
| NTPC Limited | 0.75% | 1.87% |
| Eternal Limited | 0.72% | 0.89% |
| Hero MotoCorp Limited | 0.71% | 0.91% |
Top 10 holdings
BANDHAN MULTI ASSET ALLOCATION
- ICICI Prudential Gold ETF6.50%
- HDFC Bank Limited4.37%
- ICICI Prudential Silver ETF4.25%
- Reliance Industries Limited3.71%
- ICICI Bank Limited2.79%
- Kotak Mahindra Bank Limited2.36%
- Bandhan Silver ETF2.17%
- Axis Bank Limited2.16%
- Bharti Airtel Limited2.11%
- Bandhan Ultra Short to Short Term Fund-DR GR2.06%
HDFC Multi Asset Allocation
- HDFC Gold Exchange Traded Fund11.71%
- HDFC Bank Limited6.86%
- Reliance Industries Limited4.86%
- ICICI Bank Limited4.74%
- Bharti Airtel Limited2.89%
- Kotak Mahindra Bank Limited2.60%
- Axis Bank Limited2.54%
- Maruti Suzuki India Limited1.94%
- NTPC Limited1.87%
- HDFC Silver ETF1.81%
Sector exposure
| BANDHAN MULTI ASSET ALLOCATION | HDFC Multi Asset Allocation | |
|---|---|---|
| Banks | 13.12% | 17.98% |
| Exchange Traded Funds | 0.00% | 11.71% |
| Capital Markets | 11.23% | 0.15% |
| Finance | 5.76% | 2.34% |
| Petroleum Products | 3.72% | 5.38% |
| Automobiles | 4.04% | 5.28% |
| Pharmaceuticals & Biotechnology | 3.29% | 4.62% |
| Unclassified | 4.40% | 1.81% |
| IT - Software | 2.43% | 4.13% |
| Retailing | 3.72% | 0.89% |
| Telecom - Services | 2.11% | 3.54% |
| Insurance | 2.93% | 3.27% |
| Power | 1.48% | 3.17% |
| Consumer Durables | 2.66% | 1.91% |
Questions people ask
What is the difference between BANDHAN MULTI ASSET ALLOCATION and HDFC Multi Asset Allocation returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +7.43% vs +2.49%; 3-year CAGR — vs +12.54%; 5-year CAGR — vs +11.11%; 10-year CAGR — vs +11.57%. Past returns do not indicate future returns.
How do BANDHAN MULTI ASSET ALLOCATION and HDFC Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) 9.53% vs 8.18%; Sharpe ratio 0.79 vs 0.74; Sortino ratio 1.16 vs 1.04; maximum drawdown −10.02% vs −27.08%; beta 0.59 vs 0.52.
How much do BANDHAN MULTI ASSET ALLOCATION and HDFC Multi Asset Allocation overlap?
By weight, 34.5% of the two portfolios is invested in the same companies; 39 stocks are held by both, the largest shared positions being HDFC Bank Limited, Reliance Industries Limited, ICICI Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of BANDHAN MULTI ASSET ALLOCATION and HDFC Multi Asset Allocation?
BANDHAN MULTI ASSET ALLOCATION: large cap 39.5%, mid cap 12.0%, small cap 13.4%. HDFC Multi Asset Allocation: large cap 56.0%, mid cap 5.3%, small cap 7.9% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.