Baroda BNP Paribas Multi Asset Fund vs HDFC Multi Asset Allocation Fund
Baroda BNP Paribas Multi Asset 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 +14.88% vs +12.54%, 5-year CAGR — vs +11.11%, volatility 11.61% vs 8.18%, maximum drawdown −11.95% vs −27.08%. Their portfolios overlap by 31.2% (23 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
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | HDFC Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹16.9201 | ₹85.3470 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 26 Dec 2022 | 1 Jan 2013 |
| Track record | 3.9 yrs | 13.8 yrs |
| Fund size (AUM) | ₹1,398 Cr | ₹5,782 Cr |
| Securities held | 68 | 113 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| 1 month | +2.55% | +3.49% |
| 3 months | −2.04% | −0.41% |
| 6 months | −1.00% | +1.57% |
| 1 year | +4.71% | +2.49% |
| 3 years (CAGR) | +14.88% | +12.54% |
| 5 years (CAGR) | — | +11.11% |
| 7 years (CAGR) | — | +13.92% |
| 10 years (CAGR) | — | +11.57% |
| Since launch (CAGR) | +14.66% | +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
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | +1.91% | +0.64% |
| 2025 | +15.03% | +14.45% |
| 2024 | +15.91% | +14.82% |
| 2023 | +24.70% | +19.43% |
| 2022 | — | +5.77% |
| 2021 | — | +19.65% |
Risk
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | 11.61% | 8.18% |
| Downside volatility ⓘ | 7.78% | 5.84% |
| Sharpe ratio ⓘ | 0.72 | 0.74 |
| Sortino ratio ⓘ | 1.08 | 1.04 |
| Maximum drawdown ⓘ | −11.95% | −27.08% |
| Recovery from that fall | 4 months | 4 months |
| Current fall from peak | −3.21% | −1.91% |
| Rolling 1-year return: worst | −1.93% | −19.92% |
| Rolling 1-year return: median | +13.38% | +11.04% |
| Rolling 1-year return: best | +38.51% | +64.26% |
| Share of 1-year periods with a loss | 1.13% | 7.20% |
Against each fund's benchmark
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | 0.74 | 0.52 |
| Alpha (Jensen's, annualised) ⓘ | +4.78% | +3.01% |
| R² ⓘ | 89.27 | 89.13 |
| Upside capture | 87.91% | 65.78% |
| Downside capture | 52.93% | 33.17% |
| Tracking error | 5.39% | 7.64% |
| Information ratio | 0.92 | 0.35 |
| Treynor ratio | 9.29 | 8.93 |
Portfolio
Asset mix
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| Equity | 70.24% | 69.09% |
| Gold | 15.09% | 11.71% |
| Debt | 10.45% | 11.21% |
| Cash & equivalents | 3.10% | 4.06% |
| REITs / InvITs | 1.12% | 2.12% |
| Silver | 0.00% | 1.81% |
Market-cap split (share of fund assets)
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| Large Cap | 47.09% | 55.99% |
| Mid Cap | 16.25% | 5.25% |
| Small Cap | 5.51% | 7.85% |
| Unclassified | 1.39% | 0.00% |
Concentration
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 41.61% | 41.82% |
| Effective number of stocks ⓘ | 36.8 | 32.6 |
| Securities held | 68 | 113 |
Portfolio overlap: 31.2%
23 companies are held by both funds; by weight, 31.2% of the two portfolios is the same. That is a moderate overlap.
| Held by both | Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation |
|---|---|---|
| ICICI Bank Limited | 4.60% | 4.74% |
| HDFC Bank Limited | 4.24% | 6.86% |
| Reliance Industries Limited | 3.82% | 4.86% |
| Bharti Airtel Limited | 2.49% | 2.89% |
| Sun Pharmaceutical Industries Limited | 1.64% | 1.72% |
| Kotak Mahindra Bank Limited | 1.61% | 2.60% |
| Infosys Limited | 1.66% | 1.29% |
| State Bank of India | 1.67% | 1.24% |
| Tata Consultancy Services Limited | 1.25% | 1.24% |
| NTPC Limited | 1.21% | 1.87% |
| Larsen & Toubro Limited | 3.51% | 1.17% |
| Hero MotoCorp Limited | 1.35% | 0.91% |
| Divi's Laboratories Limited | 0.90% | 1.61% |
| Eternal Limited | 2.14% | 0.89% |
| Maruti Suzuki India Limited | 0.77% | 1.94% |
Top 10 holdings
Baroda BNP Paribas Multi Asset
- Nippon India ETF Gold Bees7.91%
- Baroda BNP Paribas Gold ETF-RG7.18%
- ICICI Bank Limited4.60%
- HDFC Bank Limited4.24%
- Hitachi Energy India Limited3.85%
- Reliance Industries Limited3.82%
- Larsen & Toubro Limited3.51%
- Bharti Airtel Limited2.49%
- Eternal Limited2.14%
- Linde India Limited1.87%
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
| Baroda BNP Paribas Multi Asset | HDFC Multi Asset Allocation | |
|---|---|---|
| Banks | 14.68% | 17.98% |
| Exchange Traded Funds | 0.00% | 11.71% |
| ETFs | 7.91% | 0.00% |
| Other | 7.18% | 0.00% |
| Electrical Equipment | 5.46% | 0.00% |
| Petroleum Products | 3.82% | 5.38% |
| Automobiles | 2.12% | 5.28% |
| Pharmaceuticals & Biotechnology | 3.72% | 4.62% |
| IT - Software | 4.17% | 4.13% |
| Sovereign | 3.78% | 2.40% |
| Telecom - Services | 2.49% | 3.54% |
| Construction | 3.51% | 1.30% |
| Power | 3.40% | 3.17% |
| Insurance | 0.00% | 3.27% |
Questions people ask
What is the difference between Baroda BNP Paribas Multi Asset and HDFC Multi Asset Allocation returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +4.71% vs +2.49%; 3-year CAGR +14.88% vs +12.54%; 5-year CAGR — vs +11.11%; 10-year CAGR — vs +11.57%. Past returns do not indicate future returns.
How do Baroda BNP Paribas Multi Asset and HDFC Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) 11.61% vs 8.18%; Sharpe ratio 0.72 vs 0.74; Sortino ratio 1.08 vs 1.04; maximum drawdown −11.95% vs −27.08%; beta 0.74 vs 0.52.
How much do Baroda BNP Paribas Multi Asset and HDFC Multi Asset Allocation overlap?
By weight, 31.2% of the two portfolios is invested in the same companies; 23 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Baroda BNP Paribas Multi Asset and HDFC Multi Asset Allocation?
Baroda BNP Paribas Multi Asset: large cap 47.1%, mid cap 16.3%, small cap 5.5%. 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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HDFC Multi Asset Allocation vs
All Multi Asset Allocation comparisons → · Compare up to six funds yourself → · Every fund in this category → · All comparisons →
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.