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

WOC Multi Asset Allocation Fund Direct Growth Plan currently has a NAV of ₹16.662 as of 16 September 2026 and scheme AUM of ₹8,777 Cr. Its 1-year, 3-year and 5-year returns are 11.3%, 16.48% and 0%, and the fund carries a High Risk label. Our view is that this is a hybrid fund for investors who can tolerate sharp swings and want a multi-asset structure that has still produced a positive 3-year outcome, even though the 1-year number is modest and the 5-year figure is not yet meaningful for a newer scheme.

The portfolio mix, with meaningful exposure to cash-like assets, gold ETFs, REITs, an InvIT and debt, suggests a diversified design rather than a pure equity bet. That can help balance the equity-linked benchmark backdrop, but the return pattern also shows that the fund has not moved in a straight line.

Quick facts

Particular	Details
NAV	₹16.662 as of 16 Sep 2026
AUM	₹8,777 Cr
Expense Ratio	0.34%
Launch Date	19 May 2023
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Hybrid
Exit Load	NIL upto 10% of units and 1% for remaining units on or before 30D, NIL after 30D
Fund Managers	Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak, Ashish Agarwal

The fund is managed by Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak and Ashish Agarwal.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.87%	-3.66%
3M	2.49%	-3.71%
1Y	11.3%	-7.13%
3Y	16.48%	5.82%
5Y	Data not available	Data not available

The recent pattern is better than the benchmark over every available horizon. The fund lost less than the benchmark over 1 month, and it stayed positive over 3 months when the benchmark was negative. That points to resilience in the latest stretch, even though the 1-year gain is not especially strong in absolute terms for a high-risk hybrid scheme.

The longer view is more supportive. Over 3 years, the fund has compounded at 16.48%, which is well ahead of the benchmark’s 5.82% over the same period. That gap tells us the fund has been able to deliver a healthier medium-term outcome than the benchmark despite shorter-term fluctuations.

We would not read too much into the 5-year field because the scheme was launched in May 2023, so there is no full 5-year track record yet. The 1-year and 3-year figures matter more here, and they suggest a fund that has recovered well from weaker phases but still carries enough volatility to deserve a patient holding period.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD WOC 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.

Already holding WOC Multi Asset Allocation? Thinking of investing now?

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Peer comparison

Fund	1Y return	3Y return	5Y return
WOC Multi Asset Allocation Fund Direct Growth Plan	11.3%	16.48%	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 trails the stronger recent numbers among the peer group, while its 3-year return is also below the best available 3-year peer figure. Even so, the fund has still posted a cleaner medium-term result than several peers for which only 1-year figures are available. Short-term comparisons therefore look mixed, but the 3-year record is still respectable and shows that the fund has added value over a full market cycle of its own limited history.

That split matters. On the one hand, the fund has not matched the sharper recent gains of some peers. On the other hand, its longer-term result is not weak, and the multi-asset structure may help explain why the path has been steadier than an outright equity style would usually deliver.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	18.32%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	3.75%
ICICI Prudential Gold ETF	Domestic Mutual Funds Units – Gold	3.05%
Embassy Office Parks Reit	Finance	3.01%
Nexus Select Trust – Reit	Finance	2.78%
ICICI Bank Limited	Bank	2.68%
DSP Gold ETF	Domestic Mutual Funds Units – Gold	1.9%
Brookfield India Real Estate Trust	Finance	1.67%
Citius Transnet Investment Trust	Reits & Invits	1.67%
7.44% Power Finance Corporation Limited (15/01/2030) **	Corporate Debt	1.53%

The largest disclosed holding is Clearing Corporation of India Ltd at 18.32%, which is large enough to matter on its own and gives the cash and liquidity bucket a clear lead among the disclosed positions. After that, the weights step down quickly into the 3% area, then into the 2% and low-1% range, so the portfolio does not look evenly spread across these top slots.

The top ten disclosed holdings together account for about 40.36% of the portfolio, which suggests a meaningful but not overwhelming concentration in the leading positions. Because there are 53 disclosed holdings in total, the fund appears to rely on a fairly long tail beyond the largest names. That mix may reduce dependence on any one holding, but the first few positions are still likely to have greater influence on near-term portfolio behaviour.

Compared with a plain equity fund, this set of holdings points to a more layered structure: cash-like assets, gold ETFs, REITs, an InvIT, bank exposure and a debt security all sit together in the visible top slice. That may make returns less dependent on one market segment, but it can also mean the outcome is shaped by several moving parts at once.

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

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can accept High Risk and are willing to stay invested long enough for a multi-asset allocation to play out. The 3-year outcome is stronger than the 1-year number, which tells us that the fund may reward patience more than short holding periods.

It is more appropriate for an investor who wants a hybrid style rather than a pure equity approach, and who is comfortable with a benchmark comparison that is positive over time but uneven in the near term. The main trade-off is that diversification across cash, gold, REITs, debt and equity-linked assets may support balance, but it can also keep returns from looking as aggressive as the better short-term peer numbers.

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 10% of units and 1% for remaining units on or before 30D, NIL after 30D.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of WOC Multi Asset Allocation Fund Direct Growth Plan?

The current NAV is ₹16.662 as of 16 September 2026.

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

The fund’s 1-year return is 11.3%, its 3-year return is 16.48%, and its 5-year return is Data not available because the scheme does not yet have a full five-year track record.

How does the fund compare with the benchmark?

It has outperformed the benchmark across the available horizons. The strongest gap is in the 3-year figure, where the fund is ahead of the benchmark by a wide margin.

How does it compare with peer funds on recent returns?

Its 1-year return is below some peers that have posted stronger recent gains, but its 3-year return is still healthy and compares well with peers that have only shorter histories available.

Is there a minimum SIP requirement?

The minimum SIP amount is not stated here, so we do not show one.

What risk and portfolio features should investors note?

The fund is classified as High Risk, and its visible holdings include cash-like assets, gold ETFs, REITs, an InvIT, bank exposure and debt. The fund is managed by Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak and Ashish Agarwal.

Bottom line

WOC Multi Asset Allocation Fund Direct Growth Plan shows a clearer medium-term story than a short-term one: the 3-year result is stronger than the 1-year number, and both are ahead of the benchmark on the horizons available. Against peers, the recent run is more mixed, but the longer-term record remains usable rather than weak. The High Risk tag fits the uneven path. The visible portfolio also shows a diversified multi-asset mix, which may appeal to investors who want balance and can hold through periods of fluctuation.

Published on 18 September 2026 at 1:12 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.