Samco Multi Asset Allocation Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 16, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Samco Multi Asset Allocation Fund Direct Growth Plan is at ₹12.6 as of 11 September 2026, with an AUM of ₹400 Cr. Its 1-year, 3-year and 5-year returns are 6.42%, Data not available and Data not available, and the scheme carries a High Risk label.
Our view is that this is a multi-asset hybrid fund with a relatively short listed history and a portfolio that mixes cash-like assets, government securities, gold exposure and selected equities. The recent return profile has stayed ahead of the benchmark’s weak stretch, but the longer record is too limited to support a strong long-term verdict.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹12.6 as of 11 Sep 2026 |
| AUM | ₹400 Cr |
| Expense Ratio | 0.5% |
| Launch Date | 24 Dec 2024 |
| Min SIP | ₹250 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Hybrid |
| Exit Load | Nil upto 10% of units and 1% for remaining units on or before 12M, Nil after 12M |
| Fund Managers | Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani, Vishal Shinde |
The fund is managed by Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani and Vishal Shinde.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.4% | -4.81% |
| 3M | 1.78% | -3.63% |
| 1Y | 6.42% | -8.27% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
Recent performance has been noticeably steadier than the benchmark. The fund was positive over 1 month, 3 months and 1 year, while the benchmark stayed negative across the same periods. That tells us the portfolio has been able to soften the recent weakness in the broader market reference.
The 1-year return of 6.42% is the strongest available trailing figure, and it matters more here because the fund was launched on 24 December 2024. That means the longer-term track record is still developing, so we place more weight on how the fund behaved through a full year than on any imagined long-cycle outcome.
The daily pattern also looks choppy rather than smooth. The fund has had periods of small dips and recoveries, but the overall direction over the past year has been upward. In our view, that is consistent with a multi-asset mix that can use different return drivers, even though the benchmark comparison suggests the fund has been much more resilient than the Nifty 50 in this window.
Because the 3-year and 5-year figures are not available, we do not read too much into the short record. The key message is that the fund has held up better than the benchmark recently, but investors still do not have a mature long-run history to judge how persistent that advantage may be.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Samco Multi Asset Allocation?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Samco Multi Asset Allocation? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Samco Multi Asset Allocation Fund Direct Growth Plan | 6.42% | Data not available | Data not available |
| 360 ONE Multi Asset Allocation Fund Direct Growth Plan | 18.8% | Data not available | Data not available |
| Quant Multi Asset Allocation Fund Direct Growth Plan | 17.28% | 21.36% | 19.89% |
| Kotak Multi Asset Allocation Fund Direct Growth Plan | 16.46% | Data not available | Data not available |
| DSP Multi Asset Allocation Fund Direct Growth Plan | 14.54% | Data not available | Data not available |
| Bandhan Multi Asset Allocation Fund Direct Growth Plan | 13.61% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year numbers, this fund trails every peer listed here, so the recent return picture is clearly softer than the stronger names in the group. That does not change the fact that the fund has still remained ahead of the benchmark over the same period, which is an important distinction for a hybrid allocation strategy.
For 3-year and 5-year comparison, only Quant Multi Asset Allocation Fund Direct Growth Plan has longer history available, and its figures are materially higher than this fund’s limited record. The short-term and longer-term views therefore point in different directions: the recent benchmark-relative defence looks constructive, but the peer set with longer history has delivered much stronger compounding.
That mix suggests the fund is still in an early evidence stage, where the main question is not whether it can beat every peer immediately, but whether the current pattern can persist once a longer track record builds.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Clearing Corporation of India Ltd | Cash & Cash Equivalents and Net Assets | 20.64% |
| 7.38% Government of India (20/06/2027) | Government Securities | 11.38% |
| Gold October 2026 Future | Derivatives-Futures | 9.65% |
| Gujarat Themis Biosyn Limited | Healthcare | 4.47% |
| Apar Industries Limited | Capital Goods | 2.38% |
| Laurus Labs Limited | Healthcare | 1.71% |
| HFCL Limited | Telecom | 1.67% |
| Nippon India ETF Gold Bees | Domestic Mutual Funds Units – Gold | 1.57% |
| Ather Energy Limited | Domestic Equities | 1.56% |
| Laurus Labs Limited September 2026 Future | Healthcare | 1.55% |
The top 10 holdings account for approximately 56.58% of the portfolio.
To see all holdings, visit the Samco Multi Asset Allocation Fund Direct Growth Plan page
The largest single holding is Clearing Corporation of India Ltd at 20.64%, which is a meaningful cash-and-net-asset position and may help explain some of the fund’s defensive posture. The second and third positions are also sizable, with government securities at 11.38% and a gold future at 9.65%, so the portfolio starts with a clear allocation to liquidity, sovereign exposure and commodities.
After the top three, the weights fall sharply into the mid-single digits and then into smaller positions near 1% to 2%. That drop-off suggests the first few holdings could have greater influence on near-term movement than the tail of the list, although the fund still holds 69 disclosed positions in total.
Our view is that the displayed holdings are moderately concentrated at the top, because a little over half of the portfolio sits in the top 10. At the same time, the longer tail of positions means the fund is not relying on only a handful of assets, so the mix may still offer diversification across cash-like exposure, debt, gold and select equities.
Source data date: as of 11 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk and can accept a return pattern that is still building its history. The recent numbers have been better than the benchmark, but the available record is short, so the fund is better viewed as a developing multi-asset proposition than a proven long-cycle compounder.
A longer horizon is more suitable here because the portfolio blends cash-like holdings, government securities, gold and equities, and each component may behave differently across market cycles. The main trade-off is that the diversification may help with recent resilience, but the limited track record leaves less certainty about how consistent that outcome will be over time.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: Nil upto 10% of units and 1% for remaining units on or before 12M, Nil after 12M
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Samco Multi Asset Allocation Fund Direct Growth Plan?
It is ₹12.6 as of 11 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.42%, while the 3-year and 5-year returns are Data not available.
How has the fund performed versus Nifty 50?
It has stayed ahead of the benchmark in the recent 1-month, 3-month and 1-year periods. The benchmark was negative across those same windows, while the fund remained positive.
How does it compare with peer funds on 1-year return?
Its 1-year return of 6.42% trails the listed peer funds, which range from 13.61% to 18.8% on the available 1-year figures.
What is the minimum SIP amount?
The minimum SIP amount is ₹250.
Who manages the fund and what is the exit load?
The fund is managed by Umeshkumar Mehta, Nirali Bhansali, Dhawal Ghanshyam Dhanani and Vishal Shinde. The exit load is Nil upto 10% of units and 1% for remaining units on or before 12M, Nil after 12M.
Bottom line
The fund’s recent performance has been steadier than the benchmark, but its longer-term record is still too short to draw firm conclusions. Compared with peers on available return data, the 1-year figure trails the group, even though the fund has held up better than Nifty 50 in the recent periods. The portfolio starts with liquidity, government securities and gold exposure, which may support resilience, but investors still need to be comfortable with High Risk and with a track record that is only beginning to develop.
Published on 16 September 2026 at 8:57 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.