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

Samco Dynamic Asset Allocation Fund Direct Growth Plan has a NAV of ₹10.57 as of 17 Sep 2026 and scheme AUM of ₹167 Cr. Its 1-year, 3-year and 5-year returns are -2.86%, 0% and 0% respectively, and the scheme sits in the High Risk category. Our view is that it suits investors who can accept meaningful ups and downs, but the return record is still short and uneven, so the case for it rests more on its flexible hybrid structure than on a long, proven compounding history.

The fund’s benchmark is Nifty 50, and the recent return pattern has been softer than the benchmark across the periods available. That combination of High Risk classification, small fund size and mixed short-term outcomes makes it more appropriate for investors who want dynamic allocation exposure and are comfortable with volatility rather than those looking for a steady, benchmark-like equity substitute.

Quick facts

Particular	Details
NAV	₹10.57 as of 17 Sep 2026
AUM	₹167 Cr
Expense Ratio	0.87%
Launch Date	28 Dec 2023
Min SIP	₹250
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	Nil upto 25% 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 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.66%	-3.66%
3M	-1.77%	-3.71%
1Y	-2.86%	-7.13%
3Y	0%	Data not available
5Y	0%	Data not available

The recent picture is mixed rather than strong. The fund has lost less than the benchmark in the 1-month, 3-month and 1-year windows, which tells us it has been more defensive than the Nifty 50 during a difficult stretch. Even so, all three recent periods are negative, so the portfolio has not yet shown durable positive compounding over the review windows.

The 1-year path also looks choppy when read alongside the time pattern behind it. There were short bursts of recovery, but they were interrupted by repeated dips, which is typical of a strategy that changes exposure rather than staying fully committed to one market direction. That can help cushion drawdowns, yet it can also leave returns uneven when the market trend is not clear.

The longer horizon is the bigger limitation. The fund has no meaningful 3-year or 5-year trailing return history yet, so we cannot claim a long-run track record. For now, the main evidence comes from the short windows, and those suggest a strategy that has defended better than the benchmark in recent months but still has not established a stable return pattern.

Against the benchmark, the fund is ahead in each period where a direct comparison is available, but the absolute returns remain negative. That means relative resilience is visible, while positive wealth creation is not yet visible across the periods reviewed.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Samco Dynamic 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 Dynamic Asset Allocation? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
Samco Dynamic Asset Allocation Fund Direct Growth Plan	-2.86%	Data not available	Data not available
Unifi Dynamic Asset Allocation Fund Direct Growth Plan	8.6%	Data not available	Data not available
Aditya Birla SL Balanced Advantage Fund Direct Growth Plan	5.17%	10.96%	9.97%
Baroda BNP Paribas Balanced Advantage Fund Direct Growth Plan	4.23%	11.11%	10.62%
360 ONE Balanced Hybrid Fund Direct Growth Plan	3.64%	Data not available	Data not available
Bank of India Balanced Advantage Fund Direct Growth Plan	3.62%	8.24%	10.21%

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

On the available 1-year numbers, the fund trails the stronger peer outcomes and sits below all five peer funds listed here. Unifi Dynamic Asset Allocation Fund Direct Growth Plan has the highest 1-year return in the set, while the other balanced advantage and balanced hybrid funds also show clearly positive numbers. By contrast, this fund’s negative 1-year figure points to a weaker recent stretch.

The longer-horizon picture is harder to compare because several peer entries do not have 3-year or 5-year figures available. Where those numbers are present, the peers with history show materially positive medium- and long-term returns, while this fund still has no comparable 3-year or 5-year record to demonstrate the same pattern. That creates two different stories: the short-term comparison is weak, and the longer-term comparison remains incomplete.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	15.1%
7.38% Government of India (20/06/2027)	Government Securities	15.06%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	10.26%
Religare Enterprises Limited	Finance	8.67%
Torrent Pharmaceuticals Limited	Healthcare	2.43%
Adani Power Limited	Power	2.07%
Cummins India Limited	Automobile & Ancillaries	1.71%
Adani Energy Solutions Limited	Power	1.58%
Apar Industries Limited	Capital Goods	1.56%
Samvardhana Motherson International Limited	Automobile & Ancillaries	1.53%

The largest disclosed holding is Clearing Corporation of India Ltd at 15.1%, closely followed by 7.38% Government of India (20/06/2027) at 15.06%. After that, the weights fall quickly to 10.26% in net receivables and 8.67% in Religare Enterprises Limited, which suggests that the portfolio’s visible exposures are not evenly spread across the top positions.

The drop from the first holding to the tenth is steep. By the time we reach the tenth row, the weight is 1.53%, which is much smaller than the two large cash and government-securities lines at the top. That pattern may reduce dependence on a single stock-style bet, but it also shows that the fund is balancing meaningful defensive exposures with a smaller set of equity positions.

The top 10 holdings together account for approximately 59.97% of the portfolio, and the fund discloses 59 holdings in total. That combination points to a layered structure: the largest positions matter a lot, yet there is also a long tail of other holdings that could shape returns in smaller ways. In practical terms, the fund may be driven more by a handful of big exposures than by a fully diversified spread across all disclosed positions.

To see all holdings, visit the Samco Dynamic Asset Allocation Fund Direct Growth Plan page

Source data date: as of 17 Sep 2026

Who should invest

This fund is better suited to investors who can tolerate a High Risk hybrid strategy and who are comfortable with uneven short-term results. The recent returns have been negative across the available 1-month, 3-month and 1-year windows, while the benchmark has been weaker still, so the main appeal is relative resilience rather than steady positive compounding.

A longer investment horizon is important because the current track record is still short, and the 3-year and 5-year return fields are not yet established in a way that demonstrates long-run consistency. Investors who want a flexible allocation approach and can accept a portfolio that may swing between cash, sovereign exposure and selected equities may find the structure interesting. The main trade-off is that the strategy may cushion declines better than a straight equity benchmark, but it has not yet shown a reliable pattern of positive returns.

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 25% of units and 1% for remaining units on or before 12M, Nil after 12M.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Samco Dynamic Asset Allocation Fund Direct Growth Plan?

The current NAV is ₹10.57 as of 17 Sep 2026.

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

The 1-year return is -2.86%, while the 3-year and 5-year returns are 0% in the current record.

How has the fund performed against its benchmark?

It has done better than the Nifty 50 in the 1-month, 3-month and 1-year periods, but all three periods are still negative.

How does it compare with the peer funds listed here?

The available 1-year peer numbers are stronger than this fund’s 1-year return, and the peers with 3-year and 5-year history also show positive medium- and long-term figures.

What is the minimum SIP amount?

The minimum SIP amount is ₹250.

What are the risk profile, portfolio style and exit load?

The scheme is marked High Risk. Its visible portfolio is led by cash and government-security exposures, and the exit load is nil for units sold after 12 months, while within 12 months the first 25% of units carry nil exit load and the remaining units attract 1%.

Bottom line

Samco Dynamic Asset Allocation Fund Direct Growth Plan has defended better than the Nifty 50 in the available short windows, but the absolute returns remain negative and the longer-term record is still not established. Compared with the listed peers, the 1-year figure is weaker, while the 3-year and 5-year comparison is limited by missing history. The portfolio shows a heavy mix of cash, government securities and selected equity positions, which may dampen some market swings but also leaves the fund dependent on a few large exposures. It fits investors who can handle High Risk and an uneven return path.

Published on 18 September 2026 at 11:37 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.