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

Edelweiss Multi Asset Allocation Fund Direct Growth Plan has a NAV of ₹12.6521 as of 17 Sep 2026 and scheme AUM of ₹2,953 Cr. Its 1-year, 3-year and 5-year returns are 6.73%, 7.58% and Data not available, and the scheme is tagged Low Risk.

Our view is that this is a multi-asset fund with a cautious risk profile, but its recent return pattern is still modest against the benchmark over longer horizons. The portfolio mix across silver, gold, debt and select equities may help dampen volatility, which can suit conservative investors who want diversified exposure rather than a single-asset bet.

Quick facts

Particular	Details
NAV	₹12.6521 as of 17 Sep 2026
AUM	₹2,953 Cr
Expense Ratio	0.4%
Launch Date	23 Jun 2023
Min SIP	₹100
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	0.10% on or before 30D, Nil after 30D
Fund Managers	Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, Kedar Karnik

The fund is managed by Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, and Kedar Karnik.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.25%	-3.66%
3M	1.38%	-3.71%
1Y	6.73%	-7.13%
3Y	7.58%	5.82%
5Y	Data not available	Data not available

The recent picture is constructive. The fund stayed positive across 1 month, 3 months and 1 year, while the benchmark was negative in each of those periods. That tells us the scheme has held up better than the benchmark in the near term, even though the absolute gains are not especially strong.

The 3-year return is also ahead of the benchmark, which suggests the fund has delivered a steadier outcome over a fuller cycle rather than only during the latest rebound. Still, the difference between the fund and the benchmark is not large enough to call this a high-octane growth profile. The pattern fits a diversified hybrid fund that aims to smooth the ride more than chase sharp upside.

The return path also looks uneven rather than linear. Short stretches of stability and small gains have been followed by pockets of weakness, which is consistent with a portfolio that mixes metals, debt and equities. For an investor, that usually means less dependence on one market segment, but it can also mean returns may lag simpler equity rallies when risk appetite is strong.

On balance, the fund has been better than the benchmark in the recent periods we can compare, and the 3-year trend remains positive. The missing 5-year figure matters because the scheme is still relatively young, so the available history is helpful but not fully complete.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Edelweiss 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Edelweiss Multi Asset Allocation Fund Direct Growth Plan	6.73%	7.58%	Data not available
360 ONE Multi Asset Allocation Fund Direct Growth Plan	18.54%	Data not available	Data not available
Quant Multi Asset Allocation Fund Direct Growth Plan	14.8%	21.38%	19.38%
Kotak Multi Asset Allocation Fund Direct Growth Plan	14.1%	Data not available	Data not available
Bandhan Multi Asset Allocation Fund Direct Growth Plan	12.25%	Data not available	Data not available
DSP Multi Asset Allocation Fund Direct Growth Plan	12.2%	Data not available	Data not available

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

The fund’s 1-year return is lower than each of the peer figures available in this set, so the recent run looks more restrained than the stronger short-term names. The 3-year return is also modest versus the one peer with a 3-year figure, which points to a steadier but less aggressive outcome.

That said, the comparison does not tell the same story across all horizons because several peers do not have comparable longer-term numbers visible here. The available figures suggest the fund is built more for diversification and capital smoothing than for leading the field in recent return bursts.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Silver	Silver	8.65%
Gold	Gold	6.67%
7.51% Sidbi SR V NCD Red 12-06-2028**	Corporate Debt	5.23%
HDFC Bank Ltd.	Bank	5.03%
Steel Authority of India Ltd.	Iron & Steel	3.56%
Vodafone Idea Ltd.	Telecom	3.26%
Clearing Corporation of India Ltd.	Cash & Cash Equivalents and Net Assets	2.94%
8.3333%HDB Fin SR 213 A1 NCD 06-08-27**	Corporate Debt	2.55%
7.53% NABARD NCD SR 25E Red 24-03-28	Corporate Debt	2.53%
7.1104% Aditya Birla HSG SR D1 R30-07-27**	Corporate Debt	2.52%

The largest holding, Silver, accounts for 8.65%, followed by Gold at 6.67%. That gap shows that no single position dominates the disclosed top holdings, but the precious-metals exposure is still meaningful and could play an important role in how the portfolio behaves.

Weight then tapers into a mix of debt, bank and equity positions. By the tenth holding, the weight is down to 2.52%, so the displayed book is spread across multiple positions rather than concentrated in just one or two names. That type of spread may help reduce reliance on any single security, although it does not remove exposure to the asset mix itself.

The top 10 holdings together account for approximately 42.94% of the portfolio, and the fund discloses 52 holdings in total. That suggests a reasonably broad underlying book with a meaningful long tail beyond the largest positions. In our view, the visible concentration is moderate rather than extreme.

To see all holdings, visit the Edelweiss Multi Asset Allocation Fund Direct Growth Plan page

Source data date: as of 17 Sep 2026

Who should invest

This fund may suit conservative to moderately cautious investors who are comfortable with a Low Risk profile and want diversified exposure across metals, debt and equities. The return record looks steadier than the benchmark in recent periods, but it is not built around aggressive upside.

A longer investment horizon is more appropriate than a short trading-style hold, especially because the scheme is still young and the 5-year track record is not available. The main trade-off is that the diversification and lower-volatility posture may reduce drawdowns, but it may also limit upside when equity markets are strong.

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: 0.10% if units are sold on or before 30 days; nil after 30 days.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Edelweiss Multi Asset Allocation Fund Direct Growth Plan?
Its NAV is ₹12.6521 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year return is 6.73% and the 3-year return is 7.58%. The 5-year return is Data not available.

How has the fund done versus Nifty 50?
It has outpaced the benchmark in the 1-month, 3-month, 1-year and 3-year periods shown here. The benchmark has been weaker over the same recent windows.

How does it compare with the peer funds shown?
Its 1-year return is below the peer figures available in this set, and its 3-year return is also lower than the one peer with a 3-year figure. The comparison points to a steadier return profile rather than a standout recent run.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

What is the exit load and who manages the fund?
The exit load is 0.10% if units are sold on or before 30 days, and nil after 30 days. The fund is managed by Bhavesh Jain, Bharat Lahoti, Rahul Dedhia, and Kedar Karnik.

Bottom line

Edelweiss Multi Asset Allocation Fund Direct Growth Plan has been steadier than the benchmark in the recent windows shown, but its longer comparison set is more measured than aggressive. The available peer numbers also place its recent return profile behind several peers, while the portfolio itself is diversified across silver, gold, debt and select equities. That combination makes it more suitable for investors who prioritise diversification and a Low Risk stance over fast return chasing.

Published on 18 September 2026 at 1:37 PM 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.