{"id":251129,"date":"2026-09-17T10:02:45","date_gmt":"2026-09-17T04:32:45","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/"},"modified":"2026-09-17T10:02:45","modified_gmt":"2026-09-17T04:32:45","slug":"hdfc-multi-asset-active-fof-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/","title":{"rendered":"HDFC Multi-Asset Active FOF Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-multi-asset-active-fof-g-direct-plan\">HDFC Multi-Asset Active FOF Direct Growth Plan<\/a> currently has a NAV of \u20b920.542 as of 16 Sep 2026 and an AUM of \u20b96,200 Cr. Its 1-year, 3-year and 5-year returns are 5.03%, 12.66% and 12.68%, and the scheme carries a High Risk profile. Our view is that this is a multi-asset fund with a steadier long-term return profile than its recent shorter-term patch, but the return pattern and portfolio mix still make it better suited to investors who can handle meaningful fluctuations.<\/p>\n<p>With a low expense ratio of 0.07% and a diversified FOF structure, the fund can appeal to investors looking for a single allocation that blends equity, debt and gold exposures through underlying schemes. The trade-off is that the recent one-year outcome has been modest versus its longer history, so patience and a multi-year horizon matter more than short-term expectations.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HDFC_Multi-Asset_Active_FOF\" title=\"Should you BUY or HOLD HDFC Multi-Asset Active FOF?\">Should you BUY or HOLD HDFC Multi-Asset Active FOF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hdfc-multi-asset-active-fof-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b920.542 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b96,200 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.07%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>05 May 2021<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9100<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Fund of Fund<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil upto 15% of units and 1% for remaining units on or before 1Y, Nil after 1Y<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Srinivasan Ramamurthy, Anil Bamboli, Bhagyesh Kagalkar<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Srinivasan Ramamurthy, Anil Bamboli and Bhagyesh Kagalkar.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-2.39%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>0.61%<\/td>\n<td>-3.6%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>5.03%<\/td>\n<td>-7.76%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>12.66%<\/td>\n<td>5.74%<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>12.68%<\/td>\n<td>5.67%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Near term, the fund has been uneven but not weak in absolute terms. The 1-month return stayed negative, while the 3-month figure turned mildly positive, which tells us the fund has had some recent recovery rather than a smooth run. That pattern is consistent with a multi-asset structure that can move around from one period to the next, especially when its underlying sleeves do not move in step.<\/p>\n<p>Over 1 year, the fund delivered 5.03% while the benchmark fell 7.76%. That gap matters because it shows the fund held up materially better than the index over the same stretch. The monthly path also suggests that the latest year was not linear; there were phases of softness and rebound, which is typical when the portfolio mixes equity, debt and gold-oriented allocations.<\/p>\n<p>The longer record is more constructive. The 3-year and 5-year returns are both above 12%, while the benchmark is in the mid-single digits over the same horizons. That means the fund has not only protected better in the recent year, it has also compounded at a noticeably faster pace over multiple years. Our reading is that the return profile looks more compelling on a patient holding period than on a one-year lens.<\/p>\n<p>At the same time, the recent 1-year result is much lower than the 3-year and 5-year numbers, so investors should not assume a straight-line pace from the longer track record. The fund appears capable of producing better multi-year outcomes than the benchmark, but the short-term path can still be choppy.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_HDFC_Multi-Asset_Active_FOF\"><\/span>Should you BUY or HOLD HDFC Multi-Asset Active FOF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding HDFC Multi-Asset Active FOF? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-multi-asset-active-fof-g-direct-plan\">HDFC Multi-Asset Active FOF Direct Growth Plan<\/a><\/td>\n<td>5.03%<\/td>\n<td>12.66%<\/td>\n<td>12.68%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/sbi-silver-etf-fof-g-direct-plan\">SBI Silver ETF FOF Direct Growth Plan<\/a><\/td>\n<td>76.71%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-silver-etf-fof-g-direct-plan\">Kotak Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>75.91%<\/td>\n<td>45.12%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/axis-silver-fof-g-direct-plan\">Axis Silver FoF Direct Growth Plan<\/a><\/td>\n<td>74.42%<\/td>\n<td>45.18%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/zerodha-silver-etf-fof-g-direct-plan\">Zerodha Silver ETF FoF Direct Growth Plan<\/a><\/td>\n<td>73.46%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/nippon-india-silver-etf-fof-g-direct-plan\">Nippon India Silver ETF FOF Direct Growth Plan<\/a><\/td>\n<td>72.65%<\/td>\n<td>43.94%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The fund\u2019s 1-year return is far below the five peer funds listed here, which all show very strong recent silver-linked performance. That comparison is less helpful for judging the fund\u2019s core style because these peers are concentrated in a very different return driver, but it still shows the current fund has not matched the headline one-year gains available elsewhere in the peer set.<\/p>\n<p>The longer-term picture is more balanced. Where 3-year and 5-year figures are available, this fund\u2019s 12.66% and 12.68% are below the 43% to 45% range shown by the silver-oriented peers with available medium-term data. Even so, the current fund\u2019s numbers are steadier across time, while several peers have missing 5-year histories or limited longer-term track records. That makes the short-term and longer-term comparisons tell different stories.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>HDFC Large Cap Fund &#8211; Direct Plan &#8211; Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>18.82%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Flexi Cap Fund &#8211; Direct Plan- Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>17.63%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Gold Exchange Traded Fund<\/td>\n<td>Domestic Mutual Funds Units &#8211; Gold<\/td>\n<td>12.04%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Short Term Fund &#8211; Growth Option &#8211; Direct Plan<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>8.68%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Corporate Bond Fund &#8211; Growth Option &#8211; Direct Plan<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>7.59%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Small Cap Fund &#8211; Direct Plan- Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>5.95%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Medium Term Fund &#8211; Growth Option &#8211; Direct Plan<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>3.91%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Banking &amp; Financial Services Fund &#8211; Direct Plan &#8211; Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>3.67%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Large &amp; Mid Cap Fund &#8211; Direct Plan- Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>3.11%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Technology Fund &#8211; Direct Plan &#8211; Growth Option<\/td>\n<td>Domestic Mutual Funds Units<\/td>\n<td>3.09%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 84.49% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/hdfc-multi-asset-active-fof-g-direct-plan\">HDFC Multi-Asset Active FOF Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding is HDFC Large Cap Fund &#8211; Direct Plan &#8211; Growth Option at 18.82%, which is large enough to matter but not so dominant that it defines the entire portfolio on its own. The tenth holding is still 3.09%, so the drop from first to tenth is meaningful, yet the spread does not collapse after the top position.<\/p>\n<p>The mix suggests that a few positions may carry more influence than the rest, especially because the top 10 together account for 84.49% of the disclosed holdings and there are 19 holdings in total. That points to a portfolio that is fairly concentrated in its visible core, even though it still extends beyond the first page of holdings.<\/p>\n<p>We also note that the portfolio is spread across equity-oriented funds, debt-oriented funds and gold exposure through underlying schemes. That structure may help balance return sources, but it also means the fund\u2019s outcome could depend on how those sleeves move relative to each other over time.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund fits investors who are comfortable with High Risk and can stay invested for several years. The 3-year and 5-year returns are stronger than the benchmark, but the latest 1-year result is far more modest, so the fund is better suited to people who can tolerate uneven stretches.<\/p>\n<p>It may appeal to investors who want a multi-asset structure rather than a pure equity fund, especially because the holdings include equity funds, debt funds and gold. The main trade-off is that this diversification can smooth some swings over time, but it can also leave the fund lagging very strong single-asset phases, as the peer comparison highlights.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> Nil upto 15% of units and 1% for remaining units on or before 1Y, Nil after 1Y.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of HDFC Multi-Asset Active FOF Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b920.542 as of 16 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>The fund\u2019s returns are 5.03% over 1 year, 12.66% over 3 years and 12.68% over 5 years.<\/p>\n<p><strong>How has the fund performed versus the benchmark?<\/strong><br \/>It has outperformed the benchmark across 1-year, 3-year and 5-year periods. The benchmark return figures are -7.76%, 5.74% and 5.67% for those same horizons.<\/p>\n<p><strong>How does it compare with the peer funds listed here?<\/strong><br \/>Its 1-year return is much lower than the five peer funds shown, which are heavily driven by silver-linked allocations. Over 3 years, its available return is also below the peer figures that are available, but the comparison is not identical because several peers have missing longer-term data.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b9100.<\/p>\n<p><strong>What is the fund\u2019s risk profile and who manages it?<\/strong><br \/>It is tagged as High Risk. The fund is managed by Srinivasan Ramamurthy, Anil Bamboli and Bhagyesh Kagalkar.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>HDFC Multi-Asset Active FOF Direct Growth Plan has a much better long-term return profile than its latest 1-year result suggests, and it has also held up better than the benchmark over the periods shown. The portfolio is built around a fairly concentrated core of underlying funds, with equity, debt and gold sleeves all playing a role. That mix can support diversification, but it also means the fund may not move in a straight line. It is best viewed as a multi-year holding for investors comfortable with High Risk and some variability in returns.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 10:01 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"HDFC Multi-Asset Active FOF Direct Growth Plan\",\"identifier\":\"hdfc-multi-asset-active-fof-g-direct-plan\",\"category\":\"Fund of Fund\",\"dateCreated\":\"05 May 2021\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":20.542,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"6200 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.07\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":5.03},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":12.66},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":12.68},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Srinivasan Ramamurthy, Anil Bamboli, Bhagyesh Kagalkar\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HDFC Multi-Asset Active FOF Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b920.542 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund\u2019s returns are 5.03% over 1 year, 12.66% over 3 years and 12.68% over 5 years.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed versus the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark across 1-year, 3-year and 5-year periods. The benchmark return figures are -7.76%, 5.74% and 5.67% for those same horizons.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is much lower than the five peer funds shown, which are heavily driven by silver-linked allocations. Over 3 years, its available return is also below the peer figures that are available, but the comparison is not identical because several peers have missing longer-term data.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9100.\"}},{\"@type\":\"Question\",\"name\":\"What is the fund\u2019s risk profile and who manages it?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is tagged as High Risk. The fund is managed by Srinivasan Ramamurthy, Anil Bamboli and Bhagyesh Kagalkar.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HDFC Multi-Asset Active FOF Direct Growth Plan has a NAV of \u20b920.542, 1Y\/3Y\/5Y returns of 5.03%\/12.66%\/12.68% and a High Risk profile.<\/p>\n","protected":false},"author":38,"featured_media":251125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-251129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["251125"],"rank_math_title":["HDFC Multi-Asset Active FOF Review 2026 | NAV, Returns"],"rank_math_description":["HDFC Multi-Asset Active FOF Direct Growth Plan NAV is \u20b920.542; 1Y return 5.03% and 5Y return 12.68% as of 16 Sep 2026."],"rank_math_focus_keyword":["HDFC Multi-Asset Active FOF Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/HDFC_Multi_Asset_Active_FOF_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/251129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=251129"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/251129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/251125"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=251129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=251129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=251129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}