AlphaGrep Multi Asset Allocation Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

AlphaGrep Multi Asset Allocation Fund Direct Growth Plan currently has an NAV of ₹10.2631 as of 02 Sep 2026 and an AUM of ₹52 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the Medium Risk category. On the numbers available so far, it looks like a short-history scheme that is still building a performance record rather than a fund with a long compounding track record.

Our view is that it may suit conservative investors who want a lower-volatility allocation and can accept that the fund has only a limited launch history. The portfolio is already tilted heavily toward cash-like and short-duration instruments, which helps explain the calmer profile, but it also means the return profile has been modest so far.

Quick facts

The fund is managed by Ravneet Singh.

Source data date: as of 02 Sep 2026

Performance

Over the most recent month, the fund moved ahead while the benchmark stayed weak. That gap suggests the portfolio has been positioned more defensively than the broad equity market, which fits the scheme’s lower-volatility character.

The longer-horizon picture is less informative because the fund was launched only in July 2026, so the 1-year, 3-year and 5-year fields do not yet reflect a mature compounding history. We would therefore treat the 1M movement as a near-term snapshot rather than proof of a stable return pattern.

Even so, the short-term behaviour matters because it shows the fund has not simply mirrored the benchmark’s recent weakness. In our view, that points to a portfolio that may be driven more by cash, treasury and short-duration exposures than by directional equity risk.

For investors, the key takeaway is that recent relative resilience is visible, but the fund still lacks a meaningful track record across longer periods. That makes it more useful as a cautious building block than as a stand-alone return story.

Source data date: as of 02 Sep 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The available peer set does not separate the current scheme from its listed comparison entry on return figures, so the near-term comparison is effectively tied. That means the fund’s latest month-outperformance versus the benchmark is the clearest usable signal, while the longer-horizon peer fields still do not provide a meaningful differentiator.

Because the fund is so new, the 3-year and 5-year comparison does not tell us much yet. The main distinction today is less about long-term compounding and more about whether the portfolio can continue to defend capital when the benchmark weakens.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

The largest disclosed holding is Net Receivable / Payable at 37.97%, which is sizeable enough to shape day-to-day fund behaviour. That kind of balance-sheet-heavy positioning can help keep volatility contained, although it also means the return engine is likely to be more modest than a more equity-led portfolio.

Weight then drops fairly quickly into treasury bills, a short-duration bank deposit and TREPS, before moving into two corporate debt positions. The spread from 37.97% to 0.55% is wide, so the disclosed book is not built around one dominant security beyond the cash-like exposure at the top.

With the top eight disclosed holdings accounting for 91.69% of the portfolio, the visible sleeve is highly concentrated in a few liquid and fixed-income-oriented positions rather than a long tail of smaller bets. That structure may contribute to a steadier profile, but it can also leave less room for upside if risk assets rally strongly.

Source data date: as of 02 Sep 2026

Who should invest

This fund may fit investors with a moderate risk tolerance who want a conservative-leaning allocation and can live with a short performance history. The recent month has been better than the benchmark, but the longer-term return fields are not yet meaningful because the scheme was launched only in July 2026.

The main trade-off is clear: the portfolio looks built for relative stability, not for aggressive upside. Investors who want a steadier debt-oriented allocation may find that useful, while those looking for a more established compounding record will need to wait for more history to build.

Tax and exit load

Exit load applies at 1% if units are sold on or before 15 days. After that holding period, no exit load applies.

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of AlphaGrep Multi Asset Allocation Fund Direct Growth Plan?

The current NAV is ₹10.2631 as of 02 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?

The fund’s 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has it performed versus the benchmark recently?

In the latest month, the fund returned 2.05% while the benchmark returned -3.47%. That indicates a better short-term showing than the benchmark.

How does it compare with the peer entry listed alongside it?

The available peer entry shows the same 1-year, 3-year and 5-year figures as the current fund, so the comparison does not separate them on return data alone.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

Who manages the fund and what is its risk profile?

Ravneet Singh manages the fund, and the scheme is placed in the Medium Risk category. The portfolio is led by cash-like and short-duration positions, including net receivables, treasury bills, deposits and TREPS.

Bottom line

AlphaGrep Multi Asset Allocation Fund Direct Growth Plan is still too young for a strong long-term return judgment, but its recent month has been better than the benchmark. The portfolio is dominated by cash-like and short-duration exposures, which supports the Medium Risk profile and may keep swings modest. That structure makes the fund more relevant for investors who want a cautious allocation and can accept that the compounding record is only just beginning to form.

Published on 3 September 2026 at 6:51 PM IST