JM Multi Asset Allocation Fund vs UTI Multi Asset Allocation Fund
JM Multi Asset Allocation Fund and UTI Multi Asset Allocation Fund are both Multi Asset Allocation funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +14.84%, 5-year CAGR — vs +13.12%, volatility — vs 10.81%, maximum drawdown −8.84% vs −25.02%. Their portfolios overlap by 8.8% (10 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
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| Fund house | JM Financial Mutual Fund | UTI Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹10.1514 | ₹87.8100 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 20 Jul 2026 | 2 Jan 2013 |
| Track record | 0.3 yrs | 13.8 yrs |
| Fund size (AUM) | ₹167 Cr | — |
| Securities held | 53 | 127 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| 1 month | +0.21% | +2.50% |
| 3 months | −1.68% | −2.45% |
| 6 months | — | +0.18% |
| 1 year | — | +2.25% |
| 3 years (CAGR) | — | +14.84% |
| 5 years (CAGR) | — | +13.12% |
| 7 years (CAGR) | — | +13.38% |
| 10 years (CAGR) | — | +11.31% |
| Since launch (CAGR) | — | +9.91% |
| SIP return (XIRR, 5 years) ⓘ | — | +12.91% |
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
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | — | −0.95% |
| 2025 | — | +12.42% |
| 2024 | — | +21.90% |
| 2023 | — | +30.21% |
| 2022 | — | +5.34% |
| 2021 | — | +12.69% |
Risk
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 10.81% |
| Downside volatility ⓘ | — | 7.74% |
| Sharpe ratio ⓘ | — | 0.77 |
| Sortino ratio ⓘ | — | 1.08 |
| Maximum drawdown ⓘ | −8.84% | −25.02% |
| Recovery from that fall | — | 4 months |
| Current fall from peak | −3.51% | −3.10% |
| Rolling 1-year return: worst | — | −20.14% |
| Rolling 1-year return: median | — | +9.44% |
| Rolling 1-year return: best | — | +51.68% |
| Share of 1-year periods with a loss | — | 13.13% |
Against each fund's benchmark
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | — | 0.72 |
| Alpha (Jensen's, annualised) ⓘ | — | +5.15% |
| R² ⓘ | — | 89.25 |
| Upside capture | — | 88.22% |
| Downside capture | — | 51.45% |
| Tracking error | — | 5.58% |
| Information ratio | — | 0.96 |
| Treynor ratio | — | 10.14 |
Portfolio
Asset mix
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| Equity | 50.22% | 65.01% |
| Debt | 28.94% | 10.82% |
| Cash & equivalents | 20.09% | 3.29% |
| REITs / InvITs | 0.73% | 5.41% |
| Gold | 0.00% | 13.63% |
| Silver | 0.00% | 1.70% |
| ETF Units | 0.00% | 0.11% |
Market-cap split (share of fund assets)
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| Large Cap | 16.99% | 48.66% |
| Mid Cap | 10.50% | 13.32% |
| Small Cap | 16.94% | 2.80% |
| Unclassified | 5.79% | 0.23% |
Concentration
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 34.83% | 35.65% |
| Effective number of stocks ⓘ | 43.6 | 33.8 |
| Securities held | 53 | 127 |
Portfolio overlap: 8.8%
10 companies are held by both funds; by weight, 8.8% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | JM Multi Asset Allocation | UTI Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 1.91% | 2.94% |
| Titan Company Limited | 1.47% | 1.57% |
| Eicher Motors Ltd. | 1.51% | 1.22% |
| InterGlobe Aviation Limited | 1.10% | 1.69% |
| Shriram Finance Limited | 1.42% | 0.93% |
| Brookfield India Real Estate Trust | 0.89% | 0.80% |
| Embassy Office Parks REIT | 0.73% | 1.39% |
| Navin Fluorine International Limited | 1.07% | 0.39% |
| Nippon Life India Asset Management Limited | 1.02% | 0.23% |
| 6.94% Government of India (11/05/2036) | 2.94% | 0.07% |
Top 10 holdings
JM Multi Asset Allocation
- TATA GOLD EXCHANGE TRADED FUND6.84%
- DSP Gold ETF4.35%
- 8.75% Piramal Finance Limited (29/10/2027)2.99%
- Power Finance Corporation Ltd.2.99%
- Bank of Baroda (11/12/2026)2.96%
- Axis Bank Limited2.95%
- 182 Days Tbill (MD 14/01/2027)2.94%
- 6.94% Government of India (11/05/2036)2.94%
- 6.36% GOI 16-Feb-20312.93%
- 6.85% National Bank for Agriculture and Rural Development (19/01/2029)2.93%
UTI Multi Asset Allocation
- MF UNITS UTI MF- GOLD EXCHANGE TRADED FUND ETF13.63%
- ICICI Bank Limited3.23%
- Kotak Mahindra Bank Limited3.14%
- HDFC Bank Limited2.94%
- ITC Limited2.57%
- Nestle India Limited2.56%
- Tata Consultancy Services Limited2.36%
- Bharat Electronics Limited1.83%
- MF UNITS UTI MF- SILVER EXCHANGE TRADED FUND1.70%
- InterGlobe Aviation Limited1.69%
Sector exposure
| JM Multi Asset Allocation | UTI Multi Asset Allocation | |
|---|---|---|
| - | 0.00% | 16.26% |
| Banks | 6.12% | 14.26% |
| Sovereign | 7.65% | 3.06% |
| IT - Software | 0.00% | 7.04% |
| CAPITAL MARKETS | 6.84% | 0.00% |
| SOVEREIGN | 5.88% | 0.00% |
| Mutual Funds | 5.42% | 0.00% |
| CRISIL AAA | 2.99% | 4.81% |
| Realty | 2.67% | 4.19% |
| Food Products | 0.00% | 4.12% |
| Electrical Equipment | 3.83% | 1.81% |
| Auto Components | 3.67% | 0.66% |
| Pharmaceuticals & Biotechnology | 1.33% | 3.58% |
| Finance | 3.26% | 1.80% |
Questions people ask
What is the difference between JM Multi Asset Allocation and UTI Multi Asset Allocation returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return — vs +2.25%; 3-year CAGR — vs +14.84%; 5-year CAGR — vs +13.12%; 10-year CAGR — vs +11.31%. Past returns do not indicate future returns.
How do JM Multi Asset Allocation and UTI Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) — vs 10.81%; Sharpe ratio — vs 0.77; Sortino ratio — vs 1.08; maximum drawdown −8.84% vs −25.02%; beta — vs 0.72.
How much do JM Multi Asset Allocation and UTI Multi Asset Allocation overlap?
By weight, 8.8% of the two portfolios is invested in the same companies; 10 stocks are held by both, the largest shared positions being HDFC Bank Limited, Titan Company Limited, Eicher Motors Ltd.. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of JM Multi Asset Allocation and UTI Multi Asset Allocation?
JM Multi Asset Allocation: large cap 17.0%, mid cap 10.5%, small cap 16.9%. UTI Multi Asset Allocation: large cap 48.7%, mid cap 13.3%, small cap 2.8% (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.