HDFC Multi - Asset Fund Direct Growth
HybridMulti Asset AllocationHigh Risk
Direct
NAV (18-Jun-25)
₹79.01-0.11%1D
Returns (Since Inception)
12.05%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹4,375 Cr
Expense Ratio
0.78%
ISIN
INF179K01XW8
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
01 Jan 2013
About this fund
HDFC Multi - Asset Fund Direct Growth is a Multi Asset Allocation mutual fund schemes offered by HDFC Mutual Fund. This fund has been in existence for 12 years, 5 months and 18 days, having been launched on 01-Jan-13.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹79.01, Assets Under Management (AUM) of 4374.88 Crores, and an expense ratio of 0.78%.
As of 18-Jun-25, it has a Net Asset Value (NAV) of ₹79.01, Assets Under Management (AUM) of 4374.88 Crores, and an expense ratio of 0.78%.
- HDFC Multi - Asset Fund Direct Growth has given a CAGR return of 12.05% since inception.
- The fund's asset allocation comprises around 49.43% in equities, 11.08% in debts, and 28.78% in cash & cash equivalents.
- You can start investing in HDFC Multi - Asset Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+10.32%
— (Cat Avg.)
3 Years
+17.90%
— (Cat Avg.)
5 Years
+19.08%
— (Cat Avg.)
10 Years
+12.15%
— (Cat Avg.)
Since Inception
+12.05%
— (Cat Avg.)
Portfolio Summaryas of 31st May 2025
| Equity | ₹2,162.33 Cr | 49.43% |
| Debt | ₹484.76 Cr | 11.08% |
| Others | ₹1,727.79 Cr | 39.49% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Cash Offset For Derivatives | Cash - General Offset | ₹860.98 Cr | 19.68% |
| HDFC Gold ETF | Mutual Fund - ETF | ₹476.15 Cr | 10.88% |
| Treps - Tri-Party Repo | Cash - Repurchase Agreement | ₹288.87 Cr | 6.60% |
| Reliance Industries Ltd | Equity | ₹286.52 Cr | 6.55% |
| HDFC Bank Ltd | Equity | ₹251.2 Cr | 5.74% |
| ICICI Bank Ltd | Equity | ₹220.59 Cr | 5.04% |
| Future on Reliance Industries Ltd | Equity - Future | ₹-181.12 Cr | 4.14% |
| Tata Consultancy Services Ltd | Equity | ₹142.78 Cr | 3.26% |
| Infosys Ltd | Equity | ₹120.14 Cr | 2.75% |
| Bharti Airtel Ltd | Equity | ₹118.23 Cr | 2.70% |
| United Spirits Ltd | Equity | ₹105.21 Cr | 2.40% |
| Future on Bajaj Finance Ltd | Equity - Future | ₹-98.87 Cr | 2.26% |
| Axis Bank Ltd | Equity | ₹83.45 Cr | 1.91% |
| Hindustan Unilever Ltd | Equity | ₹78.5 Cr | 1.79% |
| 7.18% Govt Stock 2033 | Bond - Gov't/Treasury | ₹73 Cr | 1.67% |
| Future on Bharti Airtel Ltd | Equity - Future | ₹-68.69 Cr | 1.57% |
| Future on Godrej Consumer Products Ltd | Equity - Future | ₹-66.94 Cr | 1.53% |
| Larsen & Toubro Ltd | Equity | ₹61.63 Cr | 1.41% |
| State Bank of India | Equity | ₹60.92 Cr | 1.39% |
| Future on Apollo Hospitals Enterprise Ltd | Equity - Future | ₹-58.19 Cr | 1.33% |
| Hyundai Motor India Ltd | Equity | ₹55.42 Cr | 1.27% |
| Maruti Suzuki India Ltd | Equity | ₹53.9 Cr | 1.23% |
| Mahindra & Mahindra Ltd | Equity | ₹53.82 Cr | 1.23% |
| Future on Ambuja Cements Ltd | Equity - Future | ₹-52.94 Cr | 1.21% |
| Kotak Mahindra Bank Ltd | Equity | ₹51.87 Cr | 1.19% |
| Future on Biocon Ltd | Equity - Future | ₹-51.62 Cr | 1.18% |
| Hindalco Industries Ltd | Equity | ₹51.11 Cr | 1.17% |
| ITC Ltd | Equity | ₹50.17 Cr | 1.15% |
| Future on HDFC Bank Ltd | Equity - Future | ₹-47.69 Cr | 1.09% |
| Embassy Office Parks REIT | Equity - REIT | ₹47.53 Cr | 1.09% |
| Future on Larsen & Toubro Ltd | Equity - Future | ₹-47.25 Cr | 1.08% |
| Titan Co Ltd | Equity | ₹47.16 Cr | 1.08% |
| Future on Hindustan Unilever Ltd | Equity - Future | ₹-42.87 Cr | 0.98% |
| Hdb Financial Services Limited | Bond - Corporate Bond | ₹39.98 Cr | 0.91% |
| 7.1% Govt Stock 2029 | Bond - Gov't/Treasury | ₹36.53 Cr | 0.83% |
| Tata Steel Ltd | Equity | ₹36.34 Cr | 0.83% |
| SBI Life Insurance Co Ltd | Equity | ₹36.24 Cr | 0.83% |
| HCL Technologies Ltd | Equity | ₹36.01 Cr | 0.82% |
| State Bank Of India | Bond - Corporate Bond | ₹35.59 Cr | 0.81% |
| Future on Maruti Suzuki India Ltd | Equity - Future | ₹-35 Cr | 0.80% |
| Tata Motors Ltd | Equity | ₹34.76 Cr | 0.79% |
| Bajaj Finance Ltd | Equity | ₹34.66 Cr | 0.79% |
| Infosys Limited | Equity - Future | ₹-32.37 Cr | 0.74% |
| InterGlobe Aviation Ltd | Equity | ₹31.98 Cr | 0.73% |
| HDFC Life Insurance Co Ltd | Equity | ₹31.07 Cr | 0.71% |
| NTPC Ltd | Equity | ₹30.9 Cr | 0.71% |
| Brookfield India Real Estate Trust | Equity - REIT | ₹30.59 Cr | 0.70% |
| City Union Bank Ltd | Equity | ₹29.36 Cr | 0.67% |
| Cipla Ltd | Equity | ₹29.31 Cr | 0.67% |
| Power Grid Corp Of India Ltd | Equity | ₹28.98 Cr | 0.66% |
| Apollo Hospitals Enterprise Ltd | Equity | ₹28.81 Cr | 0.66% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹28.13 Cr | 0.64% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹27.72 Cr | 0.63% |
| Eicher Motors Ltd | Equity | ₹26.67 Cr | 0.61% |
| Bajaj Auto Ltd | Equity | ₹25.82 Cr | 0.59% |
| Future on NTPC Ltd | Equity - Future | ₹-25.81 Cr | 0.59% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹25.58 Cr | 0.58% |
| Smfg India Credit Company Limited | Bond - Corporate Bond | ₹25.45 Cr | 0.58% |
| 7.27% Govt Stock 2026 | Bond - Gov't/Treasury | ₹25.32 Cr | 0.58% |
| Hindustan Aeronautics Ltd Ordinary Shares | Equity | ₹24.87 Cr | 0.57% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹24.14 Cr | 0.55% |
| Oil & Natural Gas Corp Ltd | Equity | ₹23.94 Cr | 0.55% |
| Net Current Assets | Cash | ₹22.66 Cr | 0.52% |
| Bharat Petroleum Corp Ltd | Equity | ₹22.29 Cr | 0.51% |
| Adani Ports & Special Economic Zone Ltd | Equity | ₹21.49 Cr | 0.49% |
| India (Republic of) | Bond - Gov't/Treasury | ₹21.4 Cr | 0.49% |
| Paradeep Phosphates Ltd | Equity | ₹20.67 Cr | 0.47% |
| Cholamandalam Investment And Finance Company Limited | Bond - Corporate Bond | ₹20.65 Cr | 0.47% |
| Lupin Ltd | Equity | ₹19.58 Cr | 0.45% |
| Godrej Consumer Products Ltd | Equity | ₹19.52 Cr | 0.45% |
| Indus Towers Ltd Ordinary Shares | Equity | ₹19.21 Cr | 0.44% |
| Dr. Lal PathLabs Ltd | Equity | ₹18.11 Cr | 0.41% |
| Delhivery Ltd | Equity | ₹17.9 Cr | 0.41% |
| Nexus Select Trust Reits | Equity - REIT | ₹17.54 Cr | 0.40% |
| Indraprastha Gas Ltd | Equity | ₹16.53 Cr | 0.38% |
| 7.23% Govt Stock 2039 | Bond - Gov't/Treasury | ₹16.1 Cr | 0.37% |
| 7.1% Govt Stock 2034 | Bond - Gov't/Treasury | ₹15.81 Cr | 0.36% |
| 7.17% Govt Stock 2030 | Bond - Gov't/Treasury | ₹15.81 Cr | 0.36% |
| Transport Corp of India Ltd | Equity | ₹15.73 Cr | 0.36% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹15.55 Cr | 0.36% |
| 7.38% Govt Stock 2027 | Bond - Gov't/Treasury | ₹15.48 Cr | 0.35% |
| LIC Housing Finance Ltd | Bond - Corporate Bond | ₹15.48 Cr | 0.35% |
| 6.99% Govt Stock 2034 | Bond - Gov't/Treasury | ₹15.31 Cr | 0.35% |
| Bharti Telecom Limited | Bond - Corporate Bond | ₹15.27 Cr | 0.35% |
| Greenply Industries Ltd | Equity | ₹15.19 Cr | 0.35% |
| Bajaj Housing Finance Limited | Bond - Corporate Bond | ₹15.02 Cr | 0.34% |
| Balrampur Chini Mills Ltd | Equity | ₹14.76 Cr | 0.34% |
| Orient Electric Ltd Ordinary Shares | Equity | ₹14.75 Cr | 0.34% |
| Suprajit Engineering Ltd | Equity | ₹14.62 Cr | 0.33% |
| Ipca Laboratories Ltd | Equity | ₹14.25 Cr | 0.33% |
| Jindal Steel & Power Ltd | Equity | ₹14.23 Cr | 0.33% |
| The Tata Power Company Ltd. | Equity - Future | ₹-14 Cr | 0.32% |
| UltraTech Cement Ltd | Equity | ₹13.73 Cr | 0.31% |
| CIE Automotive India Ltd | Equity | ₹13.49 Cr | 0.31% |
| Sonata Software Ltd | Equity | ₹13.43 Cr | 0.31% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹13.06 Cr | 0.30% |
| Gland Pharma Ltd | Equity | ₹12.71 Cr | 0.29% |
| Prestige Estates Projects Ltd | Equity | ₹12.47 Cr | 0.28% |
| Bayer CropScience Ltd | Equity | ₹12.15 Cr | 0.28% |
| Star Health and Allied Insurance Co Ltd | Equity | ₹11.94 Cr | 0.27% |
| G R Infraprojects Ltd | Equity | ₹11.74 Cr | 0.27% |
| Gateway Distriparks Ltd | Equity | ₹11.47 Cr | 0.26% |
| Whirlpool of India Ltd | Equity | ₹11.12 Cr | 0.25% |
| HDFC Bank Limited | Bond - Corporate Bond | ₹10.62 Cr | 0.24% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹10.36 Cr | 0.24% |
| 7.06% Govt Stock 2028 | Bond - Gov't/Treasury | ₹10.35 Cr | 0.24% |
| Small Industries Development Bank Of India | Bond - Corporate Bond | ₹10.28 Cr | 0.24% |
| Great Eastern Shipping Co Ltd | Equity | ₹9.31 Cr | 0.21% |
| Dr Reddy's Laboratories Ltd | Equity | ₹8.76 Cr | 0.20% |
| Chemplast Sanmar Ltd | Equity | ₹8.49 Cr | 0.19% |
| Future on Mahindra & Mahindra Ltd | Equity - Future | ₹-8.31 Cr | 0.19% |
| Rolex Rings Ltd | Equity | ₹8.01 Cr | 0.18% |
| Torrent Pharmaceuticals Ltd | Equity | ₹7.94 Cr | 0.18% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹7.67 Cr | 0.18% |
| Wipro Ltd | Equity | ₹7.49 Cr | 0.17% |
| UTI Asset Management Co Ltd | Equity | ₹7.14 Cr | 0.16% |
| Future on Hindalco Industries Ltd | Equity - Future | ₹-6.56 Cr | 0.15% |
| Pipeline Infrastructure Limited | Bond - Corporate Bond | ₹6.18 Cr | 0.14% |
| Future on Titan Co Ltd | Equity - Future | ₹-6.12 Cr | 0.14% |
| Biocon Ltd | Equity | ₹5.96 Cr | 0.14% |
| 7.34% Govt Stock 2064 | Bond - Gov't/Treasury | ₹5.32 Cr | 0.12% |
| Rec Limited | Bond - Corporate Bond | ₹5.22 Cr | 0.12% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.19 Cr | 0.12% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹5.18 Cr | 0.12% |
| Power Finance Corporation Limited | Bond - Corporate Bond | ₹5.15 Cr | 0.12% |
| 6.54% Govt Stock 2032 | Bond - Gov't/Treasury | ₹5.12 Cr | 0.12% |
| Bank Of Baroda | Bond - Corporate Bond | ₹5.11 Cr | 0.12% |
| Future on ICICI Bank Ltd | Equity - Future | ₹-4.81 Cr | 0.11% |
| Future on Tata Consultancy Services Ltd | Equity - Future | ₹-4.81 Cr | 0.11% |
| Tata Power Co Ltd | Equity | ₹3.98 Cr | 0.09% |
| Future on UltraTech Cement Ltd | Equity - Future | ₹-3.94 Cr | 0.09% |
| POWERGRID Infrastructure Investment Trust Units | Equity | ₹3.6 Cr | 0.08% |
| National Bank For Agriculture And Rural Development | Bond - Corporate Bond | ₹2.55 Cr | 0.06% |
| 7.18% Govt Stock 2037 | Bond - Gov't/Treasury | ₹2.13 Cr | 0.05% |
| ITC Hotels Ltd | Equity | ₹1.73 Cr | 0.04% |
| Future on Sun Pharmaceuticals Industries Ltd | Equity - Future | ₹-0.87 Cr | 0.02% |
| Future on Tata Motors Ltd | Equity - Future | ₹-0.87 Cr | 0.02% |
| Future on Tata Steel Ltd. | Equity - Future | ₹-0.87 Cr | 0.02% |
| Ambuja Cements Ltd | Equity | ₹0.5 Cr | 0.01% |
| Future on United Spirits Ltd | Equity - Future | ₹-0.44 Cr | 0.01% |
| Mahindra &Mah Fin | Equity | ₹0.41 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
40.52%
Mid Cap Stocks
0.99%
Small Cap Stocks
6.68%
Allocation By Credit Quality (Debt)
AAA
AA
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹859.63 Cr | 19.65% |
| Consumer Cyclical | ₹353.24 Cr | 8.07% |
| Energy | ₹332.75 Cr | 7.61% |
| Technology | ₹319.84 Cr | 7.31% |
| Consumer Defensive | ₹268.16 Cr | 6.13% |
| Industrials | ₹214.14 Cr | 4.89% |
| Healthcare | ₹173.15 Cr | 3.96% |
| Basic Materials | ₹172.43 Cr | 3.94% |
| Communication Services | ₹137.43 Cr | 3.14% |
| Utilities | ₹83.98 Cr | 1.92% |
| Real Estate | ₹12.47 Cr | 0.28% |
Risk & Performance Ratios
Standard Deviation
This fund
6.67%
Cat. avg.
--
Lower the better
Sharpe Ratio
This fund
1.32
Cat. avg.
--
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
--
Higher the better
Fund Managers
AB
Anil Bamboli
Since August 2005
AA
Arun Agarwal
Since August 2020
SR
Srinivasan Ramamurthy
Since January 2022
BK
Bhagyesh Kagalkar
Since February 2022
DM
Dhruv Muchhal
Since June 2023
NM
Nandita Menezes
Since March 2025
Additional Scheme Detailsas of 31st May 2025
ISIN | INF179K01XW8 | Expense Ratio | 0.78% | Exit Load | 1.00% | Fund Size | ₹4,375 Cr | Age | 12 years 5 months | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | Domestic Price of Gold |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Multi Asset Allocation Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Canara Robeco Multi Asset Allocation Fund Direct Growth Very High Risk | - | 1.0% | - | - |
| Canara Robeco Multi Asset Allocation Fund Regular Growth Very High Risk | - | 1.0% | - | - |
| LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk | 0.5% | 1.0% | ₹577.29 Cr | - |
| LIC MF Multi Asset Allocation Fund Regular Growth Very High Risk | 2.3% | 1.0% | ₹577.29 Cr | - |
| Samco Multi Asset Allocation Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹279.41 Cr | - |
| Samco Multi Asset Allocation Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹279.41 Cr | - |
| Invesco India Multi Asset Allocation Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹378.34 Cr | - |
| Invesco India Multi Asset Allocation Fund Direct Growth Very High Risk | 0.5% | 1.0% | ₹378.34 Cr | - |
| Union Multi Asset Allocation Fund Regular Growth Very High Risk | 2.2% | 1.0% | ₹798.19 Cr | - |
| Union Multi Asset Allocation Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹798.19 Cr | - |
About the AMC
Total AUM
₹7,64,557 Cr
Address
“HUL House”, 2nd Floor, Mumbai, 400 020
Other Funds by HDFC Mutual Fund
Risk Level
Your principal amount will be at High Risk
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What is the current NAV of HDFC Multi - Asset Fund Direct Growth?
The NAV of HDFC Multi - Asset Fund Direct Growth, as of 18-Jun-2025, is ₹79.01.
What are the returns of HDFC Multi - Asset Fund Direct Growth?
The fund has generated 10.32% over the last 1 year and 17.90% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of HDFC Multi - Asset Fund Direct Growth?
The fund's allocation of assets is distributed as 49.43% in equities, 11.08% in bonds, and 28.78% in cash and cash equivalents.
Who manages the HDFC Multi - Asset Fund Direct Growth?
The fund managers responsible for HDFC Multi - Asset Fund Direct Growth are:-
- Anil Bamboli
- Arun Agarwal
- Srinivasan Ramamurthy
- Bhagyesh Kagalkar
- Dhruv Muchhal
- Nandita Menezes
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.