{"id":256607,"date":"2026-09-18T12:24:40","date_gmt":"2026-09-18T06:54:40","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/"},"modified":"2026-09-18T12:24:40","modified_gmt":"2026-09-18T06:54:40","slug":"hsbc-multi-asset-allocation-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/","title":{"rendered":"HSBC Multi Asset Allocation Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-multi-asset-allocation-fund-g-direct-plan\">HSBC Multi Asset Allocation Fund Direct Growth Plan<\/a> is a hybrid fund with a High Risk profile. As of 17 September 2026, its NAV is \u20b914.2484 and its scheme AUM is \u20b93,259 Cr. Its 1-year, 3-year and 5-year returns are 10.67%, 0% and 0% respectively, which tells us the recent track has been positive but the longer history is still too short to judge a full cycle.<\/p>\n<p>Our view is that this fund may suit investors who can tolerate sharp swings and want a multi-asset allocation approach rather than a narrow single-asset strategy. The portfolio is spread across equities, banks, consumer names, financials and a meaningful gold holding, which can help diversify return drivers, but the current performance record remains limited.<\/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\/hsbc-multi-asset-allocation-fund-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\/hsbc-multi-asset-allocation-fund-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\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_HSBC_Multi_Asset_Allocation\" title=\"Should you BUY or HOLD HSBC Multi Asset Allocation?\">Should you BUY or HOLD HSBC Multi Asset Allocation?<\/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\/hsbc-multi-asset-allocation-fund-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\/hsbc-multi-asset-allocation-fund-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\/hsbc-multi-asset-allocation-fund-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\/hsbc-multi-asset-allocation-fund-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\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_HSBC_Multi_Asset_Allocation_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of HSBC Multi Asset Allocation Fund Direct Growth Plan?\">What is the current NAV of HSBC Multi Asset Allocation Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#What_are_the_funds_1-year_3-year_and_5-year_returns\" title=\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\">What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#How_has_the_fund_done_against_Nifty_50\" title=\"How has the fund done against Nifty 50?\">How has the fund done against Nifty 50?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_peer_funds_on_available_return_figures\" title=\"How does the fund compare with peer funds on available return figures?\">How does the fund compare with peer funds on available return figures?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_exit_load\" title=\"Who manages the fund, and what is the exit load?\">Who manages the fund, and what is the exit load?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-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-16\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-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-17\" href=\"https:\/\/univest.in\/blogs-2\/hsbc-multi-asset-allocation-fund-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>\u20b914.2484 as of 17 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b93,259 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.47%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>28 Feb 2024<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9500<\/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>Hybrid<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil upto 10% 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>Cheenu Gupta, Mahesh Chhabria, Mohd Asif Rizwi, Praveen Ayathan<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Cheenu Gupta, Mahesh Chhabria, Mohd Asif Rizwi and Praveen Ayathan.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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>-1.41%<\/td>\n<td>-3.66%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>-0.31%<\/td>\n<td>-3.71%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>10.67%<\/td>\n<td>-7.13%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The one-month and three-month figures point to a soft but relatively controlled recent phase. The fund was negative over both periods, yet it held up better than the benchmark, which was down more sharply in each case. That gap suggests the portfolio has been less sensitive than Nifty 50 in the near term.<\/p>\n<p>The one-year return is the clearest positive data point. At 10.67%, it stands well ahead of the benchmark\u2019s negative 7.13% over the same window, so the fund has clearly added value over the past year. Even so, the return history is still short because the scheme launched in February 2024, so we would avoid reading the one-year figure as proof of long-run consistency.<\/p>\n<p>The pattern also matters. The shorter windows show mild volatility rather than a smooth straight line, while the one-year path looks stronger overall. Our reading is that the fund has recently performed with more resilience than the benchmark, but investors still do not have a full 3-year or 5-year record to test whether this edge can last through a wider market cycle.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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_HSBC_Multi_Asset_Allocation\"><\/span>Should you BUY or HOLD HSBC Multi Asset Allocation?<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 HSBC Multi Asset Allocation? 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\/hsbc-multi-asset-allocation-fund-g-direct-plan\">HSBC Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>10.67%<\/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\/360-one-multi-asset-allocation-fund-g-direct-plan\">360 ONE Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>18.54%<\/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\/quant-multi-asset-allocation-fund-g-direct-plan\">Quant Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>14.8%<\/td>\n<td>21.38%<\/td>\n<td>19.38%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-asset-allocation-fund-g-direct-plan\">Kotak Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>14.1%<\/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\/bandhan-multi-asset-allocation-fund-g-direct-plan\">Bandhan Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>12.25%<\/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\/dsp-multi-asset-allocation-fund-g-direct-plan\">DSP Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>12.2%<\/td>\n<td>Data not available<\/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. On the available one-year figures, the fund trails the stronger peer readings from 360 ONE, Quant, Kotak, Bandhan and DSP. The longer-horizon comparison is harder to make because only Quant has usable 3-year and 5-year figures, and those are higher than this fund\u2019s currently unavailable multi-year history. That leaves the short-term picture looking respectable, but not as strong as the leading peer figures shown here.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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>HSBC Mutual Fund<\/td>\n<td>Domestic Mutual Funds Units &#8211; Gold<\/td>\n<td>9.12%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Bank Limited<\/td>\n<td>Bank<\/td>\n<td>8.36%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Limited<\/td>\n<td>Bank<\/td>\n<td>4.64%<\/td>\n<\/tr>\n<tr>\n<td>Lenskart Solutions Limited<\/td>\n<td>Domestic Equities<\/td>\n<td>4.2%<\/td>\n<\/tr>\n<tr>\n<td>The Federal Bank Limited<\/td>\n<td>Bank<\/td>\n<td>3.29%<\/td>\n<\/tr>\n<tr>\n<td>PB Fintech Limited<\/td>\n<td>IT<\/td>\n<td>3.17%<\/td>\n<\/tr>\n<tr>\n<td>Meesho Limited<\/td>\n<td>Retailing<\/td>\n<td>2.83%<\/td>\n<\/tr>\n<tr>\n<td>TVS Motor Company Limited<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>2.6%<\/td>\n<\/tr>\n<tr>\n<td>Ge Vernova T&amp;D India Limited<\/td>\n<td>Capital Goods<\/td>\n<td>2.45%<\/td>\n<\/tr>\n<tr>\n<td>ITC Limited<\/td>\n<td>FMCG<\/td>\n<td>2.29%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest disclosed holding is HSBC Mutual Fund at 9.12%, which is meaningful but not oversized for a multi-asset portfolio. The gap from the first holding to the tenth is still material, yet the weights do not collapse abruptly; instead, they step down gradually from the high single digits into the low twos. That pattern suggests the visible book is not built around one dominant position.<\/p>\n<p>The top 10 holdings together account for approximately 42.95% of the portfolio, and the fund has 58 disclosed holding rows in total. That points to a fairly extended tail beyond the leading names. In our view, the concentration is moderate: the top positions may influence day-to-day movement, but the wider spread across 58 holdings could soften the impact of any single position.<\/p>\n<p>Because the portfolio includes a gold-related mutual fund unit, several banks, and a mix of consumer, financial and industrial names, returns may be driven by more than one market theme at a time. That diversification can help, though it also means the fund\u2019s path may differ from a plain equity-only scheme.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/hsbc-multi-asset-allocation-fund-g-direct-plan\">HSBC Multi Asset Allocation Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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 may suit investors who can handle High Risk and are comfortable with a multi-asset style that can move unevenly in the short run. The one-year return is positive, but the shorter windows are mildly negative and the longer record is still too limited to build strong confidence in durability.<\/p>\n<p>We think the most suitable horizon is at least medium term, because the portfolio\u2019s mix and the lack of 3-year and 5-year history both argue against using it as a short parking place. Relative to the benchmark, the fund has recently held up better; relative to peer figures, the one-year return is workable but not the strongest shown here. The trade-off is clear: broader diversification and some resilience versus a still-young track record.<\/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 up to 10% of units and 1% for remaining units if sold on or before 1 year; no exit load after holding period.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 17 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<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_HSBC_Multi_Asset_Allocation_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of HSBC Multi Asset Allocation Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b914.2484 as of 17 September 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_are_the_funds_1-year_3-year_and_5-year_returns\"><\/span>What are the fund\u2019s 1-year, 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is 10.67%, while the 3-year and 5-year returns are not available because the scheme history is still too short.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_the_fund_done_against_Nifty_50\"><\/span>How has the fund done against Nifty 50?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has outperformed the benchmark over 1 year, 3 months and 1 month. The 1-year return is 10.67% versus the benchmark\u2019s -7.13%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_peer_funds_on_available_return_figures\"><\/span>How does the fund compare with peer funds on available return figures?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Its 1-year return is lower than several peer figures shown here, including 360 ONE, Quant, Kotak, Bandhan and DSP. The longer-horizon comparison is limited because only Quant has usable 3-year and 5-year figures.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b9500.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_exit_load\"><\/span>Who manages the fund, and what is the exit load?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by Cheenu Gupta, Mahesh Chhabria, Mohd Asif Rizwi and Praveen Ayathan. The exit load is nil up to 10% of units and 1% for remaining units if sold on or before 1 year, and there is no exit load after the holding period.<\/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>HSBC Multi Asset Allocation Fund Direct Growth Plan has a better recent run than its benchmark, but its shorter-term returns are mixed and its 3-year and 5-year track record is still unavailable. Against the peer figures shown here, the one-year return is workable but not the strongest. The risk profile is High Risk, and the portfolio has a moderate concentration in the disclosed leading holdings while still showing a broad spread across 58 holdings. That makes it more suitable for investors who want diversification and can live with an emerging performance record.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 18 September 2026 at 12:21 PM 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\":\"HSBC Multi Asset Allocation Fund Direct Growth Plan\",\"identifier\":\"hsbc-multi-asset-allocation-fund-g-direct-plan\",\"category\":\"Hybrid\",\"dateCreated\":\"28 Feb 2024\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":14.2484,\"valueReference\":\"as of 17 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"3259 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.47\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":10.67},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Cheenu Gupta, Mahesh Chhabria, Mohd Asif Rizwi, Praveen Ayathan\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of HSBC Multi Asset Allocation Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b914.2484 as of 17 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is 10.67%, while the 3-year and 5-year returns are not available because the scheme history is still too short.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund done against Nifty 50?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has outperformed the benchmark over 1 year, 3 months and 1 month. The 1-year return is 10.67% versus the benchmark\u2019s -7.13%.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with peer funds on available return figures?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year return is lower than several peer figures shown here, including 360 ONE, Quant, Kotak, Bandhan and DSP. The longer-horizon comparison is limited because only Quant has usable 3-year and 5-year figures.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9500.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund, and what is the exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by Cheenu Gupta, Mahesh Chhabria, Mohd Asif Rizwi and Praveen Ayathan. The exit load is nil up to 10% of units and 1% for remaining units if sold on or before 1 year, and there is no exit load after the holding period.\"}}]}<\/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>HSBC Multi Asset Allocation Fund Direct Growth Plan has a High Risk profile, a NAV of \u20b914.2484, AUM of \u20b93,259 Cr and a 1-year return of 10.67% as of 17 Sep 2026.<\/p>\n","protected":false},"author":38,"featured_media":256604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-256607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["256604"],"rank_math_title":["HSBC Multi Asset Allocation Fund: NAV, Returns, Review"],"rank_math_description":["HSBC Multi Asset Allocation Fund Direct Growth Plan NAV \u20b914.2484, 1Y return 10.67% and High Risk profile as of 17 Sep 2026."],"rank_math_focus_keyword":["HSBC Multi Asset Allocation Fund 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\/HSBC_Multi_Asset_Allocation_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_bullish.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/256607","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=256607"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/256607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/256604"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=256607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=256607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=256607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}