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

Shriram Multi Asset Allocation Fund Direct Growth Plan currently has a NAV of ₹13.7195 as of 17 Sep 2026 and a scheme AUM of ₹145 Cr. Its 1-year, 3-year and 5-year returns are 7.09%, 10.72% and 0% respectively, and it sits in the High Risk bucket.

Our view is that this is a portfolio for investors who are comfortable with a sharper risk profile and can stay invested long enough to absorb uneven short-term moves. The fund has held up better than the benchmark over 1 year and 3 years, but the recent 1-month and 3-month pattern has been weaker than the longer 3-year run, so the experience may be choppier than the headline medium-term numbers suggest.

Quick facts

Particular	Details
NAV	₹13.7195 as of 17 Sep 2026
AUM	₹145 Cr
Expense Ratio	0.69%
Launch Date	08 Sep 2023
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	NIL for 12% of units and 1% for remaining units on or before 90D, Nil after 90D
Fund Managers	Prateek Nigudkar, Hitesh Savanth, Amit Modani

The fund is managed by Prateek Nigudkar, Hitesh Savanth and Amit Modani.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.15%	-3.66%
3M	-0.22%	-3.71%
1Y	7.09%	-7.13%
3Y	10.72%	5.82%
5Y	Data not available	Data not available

Over the last month, the fund was weak, but it still fell less than the benchmark. The 3-month return also stayed negative, yet it remained far ahead of the benchmark’s decline. That tells us the recent patch has been soft, but the fund has still protected capital better than the benchmark in the short run.

The 1-year number changes the picture more clearly. A 7.09% return versus a negative benchmark return shows that the fund has delivered a much stronger year than Nifty 50 over the same period. The 3-year return of 10.72% also remains ahead of the benchmark’s 5.82%, which suggests the strategy has compounded reasonably well over a full market cycle, even if not smoothly.

The 5-year figure is not available because the scheme is still relatively young, having launched in September 2023. So for now, the more useful lens is the split between short-term softness and stronger 1-year and 3-year outcomes. Our view is that this pattern suits investors who can tolerate short bursts of weakness in exchange for a fund that has still stayed ahead of its benchmark across the available longer windows.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Shriram 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
Shriram Multi Asset Allocation Fund Direct Growth Plan	7.09%	10.72%	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 below all five peer funds listed here, including 360 ONE, Quant, Kotak, Bandhan and DSP. That means the recent trailing year has been more modest than the peer set we are comparing against, even though it has still been positive.

On the longer horizon, the fund’s 3-year return of 10.72% is also below the 3-year figures available for Quant at 21.38%, while the other peer rows do not provide a 3-year figure. So the medium-term profile is better than the benchmark, but it still trails the stronger peer numbers where those are available. The short-term and longer-term comparisons therefore tell different stories: the fund has beaten its benchmark, yet it has not matched the faster peer outcomes in the same table.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Nippon India ETF Gold Bees	Domestic Mutual Funds Units – Gold	12.26%
Union Bank of India CD Red 22-02-2027 ** #	Certificate of Deposit	7.31%
Bank of Baroda CD Red 12-02-27 ** #	Certificate of Deposit	6.65%
ICICI Bank Ltd.	Bank	4.15%
Reliance Industries Ltd.	Crude Oil	3.94%
HDFC Bank Ltd.	Bank	3.64%
State Bank of India	Bank	3.04%
Bharti Airtel Ltd.	Telecom	2.82%
Axis Bank Ltd.	Bank	2.59%
Sun Pharmaceutical Industries Ltd.	Healthcare	2.36%

The largest holding, Nippon India ETF Gold Bees, is 12.26%, so no single position dominates the portfolio outright. The tenth holding is still 2.36%, which shows that the weights step down gradually rather than collapsing into one or two oversized bets.

The top 10 holdings together account for 48.76% of the portfolio, and the disclosed holding list contains 51 positions in total. That combination points to a portfolio that is spread across a fairly long tail, but with enough weight in the largest names and cash-like or debt-like instruments to make the top positions likely to have greater influence on returns.

From an allocation point of view, the mix looks balanced across equity names, gold, and certificates of deposit, which may help smooth the path compared with a pure equity fund. At the same time, the top cluster is still meaningful enough that the fund’s outcome may depend on how these larger positions behave together.

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

Source data date: as of 17 Sep 2026

Who should invest

This fund suits investors who can accept High Risk positioning and are comfortable with uneven short-term returns. The return pattern suggests that a multi-year horizon is more appropriate than a quick allocation, because the recent 1-month and 3-month numbers have been soft even while the 1-year and 3-year outcomes stayed ahead of the benchmark.

The main trade-off is between diversification across asset types and the chance of short-run volatility. Investors who want a relatively mixed portfolio and can stay patient through weak patches may find the risk profile easier to handle than someone seeking steady month-to-month outcomes. The fund is better viewed as a longer-horizon satellite holding than as a stability-first core.

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 applies as NIL for 12% of units and 1% for remaining units on or before 90D, and there is no exit load after the holding period.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Shriram Multi Asset Allocation Fund Direct Growth Plan?
The current NAV is ₹13.7195 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 7.09% and its 3-year return is 10.72%. The 5-year return is Data not available.

How does it compare with the Nifty 50 benchmark?
It has outperformed the benchmark over 1 year and 3 years. The fund’s short-term moves have also been less weak than the benchmark’s recent 1-month and 3-month declines.

How does it compare with the peer funds listed here?
Its 1-year return is below the peer funds shown in this comparison, while its 3-year return is also below Quant’s available 3-year figure. The benchmark comparison is stronger than the peer comparison in this case.

Is there a minimum SIP amount?
Yes. The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Prateek Nigudkar, Hitesh Savanth and Amit Modani. The exit load is NIL for 12% of units and 1% for remaining units on or before 90D, with no exit load after the holding period.

Bottom line

Shriram Multi Asset Allocation Fund Direct Growth Plan has a mixed but understandable profile: the recent 1-month and 3-month results were soft, yet the 1-year and 3-year returns stayed ahead of the benchmark. Against the peer set shown here, its return profile is more subdued on the available figures. The High Risk label, combined with a portfolio that includes gold, certificates of deposit and equities, suggests a fund that may suit investors who want diversification and can handle uneven progress rather than a smooth ride.

Published on 18 September 2026 at 9:07 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.