Mahindra Manulife Multi Asset Allocation Fund vs PGIM India Multi Asset Allocation Fund
Mahindra Manulife Multi Asset Allocation Fund and PGIM India Multi Asset Allocation Fund are both Multi Asset Allocation funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility 9.00% vs —, maximum drawdown −9.53% vs −12.08%.
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
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| Fund house | Mahindra Manulife Mutual Fund | PGIM India Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹14.4216 | ₹10.5600 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 15 Mar 2024 | 3 Dec 2025 |
| Track record | 2.6 yrs | 0.9 yrs |
| Fund size (AUM) | ₹1,223 Cr | — |
| Securities held | 81 | — |
| Portfolio as of | 30 Sep 2026 | Not disclosed yet |
| Fund page | Full record → | Full record → |
Returns
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| 1 month | +2.17% | +1.64% |
| 3 months | −0.56% | −1.58% |
| 6 months | +2.61% | +0.57% |
| 1 year | +8.08% | — |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +14.78% | — |
| SIP return (XIRR, 5 years) ⓘ | — | — |
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
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | +4.73% | +3.13% |
| 2025 | +22.74% | — |
Risk
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | 9.00% | — |
| Downside volatility ⓘ | 5.96% | — |
| Sharpe ratio ⓘ | 0.92 | — |
| Sortino ratio ⓘ | 1.39 | — |
| Maximum drawdown ⓘ | −9.53% | −12.08% |
| Recovery from that fall | 4 months | 5 months |
| Current fall from peak | −1.80% | −3.39% |
| Rolling 1-year return: worst | +3.09% | — |
| Rolling 1-year return: median | +15.74% | — |
| Rolling 1-year return: best | +29.48% | — |
| Share of 1-year periods with a loss | 0.00% | — |
Against each fund's benchmark
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | 0.55 | — |
| Alpha (Jensen's, annualised) ⓘ | +8.09% | — |
| R² ⓘ | 80.16 | — |
| Upside capture | 83.41% | — |
| Downside capture | 24.84% | — |
| Tracking error | 7.76% | — |
| Information ratio | 1.41 | — |
| Treynor ratio | 12.06 | — |
Portfolio
PGIM India Multi Asset Allocation Fund has no usable portfolio disclosure on file yet, so portfolio comparisons are shown only where available.
Asset mix
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| Equity | 52.80% | — |
| Debt | 18.18% | — |
| Gold | 12.32% | — |
| REITs / InvITs | 6.11% | — |
| Mutual Fund Units | 4.94% | — |
| Silver | 2.87% | — |
| Cash & equivalents | 2.78% | — |
Market-cap split (share of fund assets)
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| Large Cap | 35.06% | — |
| Mid Cap | 6.72% | — |
| Small Cap | 10.45% | — |
| Unclassified | 0.57% | — |
Concentration
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 39.64% | — |
| Effective number of stocks ⓘ | 33.6 | — |
| Securities held | 81 | — |
Top 10 holdings
Mahindra Manulife Multi Asset Allocation
- ICICI Prudential Gold ETF12.32%
- Mahindra Manulife Liquid Fund -Direct Plan -Growth4.94%
- HDFC Bank Limited3.50%
- ICICI Bank Limited3.39%
- Brookfield India Real Estate Trust3.36%
- Muthoot Finance Ltd.3.09%
- Nippon India Silver ETF2.87%
- Bharti Airtel Limited2.08%
- 8.85% TVS Credit Services Limited 20272.07%
- Divi's Laboratories Limited2.02%
PGIM India Multi Asset Allocation
Not disclosed yet.
Sector exposure
| Mahindra Manulife Multi Asset Allocation | PGIM India Multi Asset Allocation | |
|---|---|---|
| Capital Markets | 12.95% | — |
| Banks | 11.77% | — |
| CRISIL AAA | 7.54% | — |
| CRISIL AA+ | 5.86% | — |
| Unclassified | 4.94% | — |
| Realty | 4.89% | — |
| Pharmaceuticals & Biotechnology | 4.57% | — |
| Industrial Products | 3.44% | — |
| IT - Software | 3.03% | — |
| ETFs | 2.87% | — |
| Power | 2.43% | — |
| Retailing | 2.25% | — |
| Finance | 2.23% | — |
| Telecom - Services | 2.08% | — |
Questions people ask
What is the difference between Mahindra Manulife Multi Asset Allocation and PGIM India Multi Asset Allocation returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +8.08% vs —; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Mahindra Manulife Multi Asset Allocation and PGIM India Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) 9.00% vs —; Sharpe ratio 0.92 vs —; Sortino ratio 1.39 vs —; maximum drawdown −9.53% vs −12.08%; beta 0.55 vs —.
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.
More comparisons
Mahindra Manulife Multi Asset Allocation vs
- Mahindra Manulife Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
- Mahindra Manulife Multi Asset Allocation vs Bank of India Multi Asset Allocation
- Mahindra Manulife Multi Asset Allocation vs Groww Multi Asset Allocation
- Mahindra Manulife Multi Asset Allocation vs Kotak Multi Asset Allocation
- Mahindra Manulife Multi Asset Allocation vs SBI MULTI ASSET ALLOCATION
PGIM India Multi Asset Allocation vs
- PGIM India Multi Asset Allocation vs Groww Multi Asset Allocation
- PGIM India Multi Asset Allocation vs Kotak Multi Asset Allocation
- PGIM India Multi Asset Allocation vs SBI MULTI ASSET ALLOCATION
- PGIM India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
- PGIM India Multi Asset Allocation vs Bank of India Multi Asset Allocation
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.