HSBC Multi Asset Allocation Fund
Multi Asset AllocationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹13.95+0.79%1 day
- Return since launch
- 12.7%
- 52-week range
- ₹12.32 — ₹14.21
- AUM
- ₹3,141 Cr
HSBC Multi Asset Allocation Fund is a Multi Asset Allocation hybrid fund from HSBC Mutual Fund with ₹3,141 Cr under management, launched in 2024. The expense ratio is 2.26% and the SEBI riskometer reading is Very High.
Performance
HSBC Multi Asset Allocation Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +9.2% against +5.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.5% | +2.4 pts | 5.1% | 3.9% |
| 2Y | 11.5% | +3.8 pts | 7.7% | 8.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.0% | +1.1 pts | 2.9% | 3.3% |
| 3M | -0.3% | +1.3 pts | -1.7% | -1.6% |
| 6M | 3.0% | +1.4 pts | 1.6% | 2.0% |
| 1Y | 9.8% | +4.7 pts | 5.1% | 5.8% |
| 2Y | 9.7% | +1.3 pts | 8.4% | 8.8% |
Since launch (8 Feb 2024): 12.7%
Calendar-year returns
Category average8.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 8.3% | −8.5 pts | 16.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.23%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.55%
- Brokerage
- 0.12%
- Transaction charges
- 0.01%
- Statutory levies
- 0.55%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NA
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
HSBC Multi Asset Allocation Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity74.5%
- Debt13.6%
- Commodities10.4%
- Other1.5%
Market cap split
- Large47.3%
- Mid36.1%
- Small16.6%
- P/E
- 27.28
- P/B
- 4.23
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HSBC Gold ETF-Growth | Unclassified | 9.02% | ₹283 Cr | +8.90% | +0.21% | — |
| ICICI Bank Ltd. | Financial | 8.51% | ₹267 Cr | +16.96% | +6.08% | +2.10% |
| HDFC Bank Ltd. | Financial | 5.06% | ₹159 Cr | +3.41% | +0.10% | +5.25% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 4.51% | ₹142 Cr | +2.90% | +2.26% | — |
| Meesho Ltd. | Services | 3.25% | ₹102 Cr | +0.98% | — | — |
| The Federal Bank Ltd. | Financial | 3.04% | ₹95.48 Cr | +2.31% | +2.13% | — |
| Aditya Infotech Ltd. | Communication | 2.67% | ₹83.98 Cr | +1.89% | +2.74% | — |
| ITC Ltd. | Consumer Staples | 2.44% | ₹76.60 Cr | +0.20% | +3.12% | +3.15% |
| GE Vernova T&D India Ltd | Capital Goods | 2.40% | ₹75.49 Cr | +2.92% | +3.44% | +3.22% |
| TVS Motor Company Ltd. | Automobile | 2.25% | ₹70.80 Cr | +0.94% | — | — |
| ICICI Prudential Asset Management Company Ltd. | Financial | 2.11% | ₹66.21 Cr | +2.30% | +0.04% | — |
| Lupin Ltd. | Healthcare | 2.04% | ₹64.03 Cr | +2.51% | +2.82% | +0.15% |
| JSW Steel Ltd. | Metals & Mining | 2.01% | ₹63.05 Cr | +2.03% | +0.82% | — |
| Polycab India Ltd. | Capital Goods | 1.93% | ₹60.55 Cr | +0.55% | +1.83% | — |
| PB Fintech Ltd. | Services | 1.87% | ₹58.59 Cr | +2.95% | +1.58% | +0.10% |
| Piramal Finance Ltd. | Financial | 1.82% | ₹57.09 Cr | +1.99% | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.72% | ₹54.09 Cr | +1.92% | +2.09% | +1.05% |
| Apar Industries Ltd. | Consumer Staples | 1.68% | ₹52.90 Cr | — | — | — |
| HDFC Gold ETF | Unclassified | 1.67% | ₹52.59 Cr | +1.65% | +3.06% | +3.58% |
| Bajaj Housing Finance Ltd. | Financial | 1.63% | ₹51.27 Cr | +0.85% | +1.03% | +1.13% |
| REC Ltd. | Financial | 1.62% | ₹50.80 Cr | +1.69% | +1.94% | +2.28% |
| National Bank For Agriculture & Rural Development | Financial | 1.60% | ₹50.28 Cr | +0.82% | — | +1.15% |
| Bajaj Finance Ltd. | Financial | 1.59% | ₹50.09 Cr | +0.86% | +0.99% | +1.75% |
| HDFC Asset Management Company Ltd. | Financial | 1.54% | ₹48.35 Cr | +1.41% | +0.01% | +1.25% |
| Titagarh Rail Systems Ltd. | Automobile | 1.54% | ₹48.41 Cr | +1.71% | — | — |
| Dhoot Transmission Ltd. | Capital Goods | 1.40% | ₹43.88 Cr | — | — | — |
| Gland Pharma Ltd. | Healthcare | 1.34% | ₹42.13 Cr | +0.93% | — | — |
| Ather Energy Ltd. | Automobile | 1.29% | ₹40.66 Cr | +1.07% | — | — |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 1.26% | ₹39.68 Cr | +1.08% | +0.66% | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.24% | ₹38.83 Cr | +1.20% | +1.49% | — |
| Mankind Pharma Ltd. | Healthcare | 1.22% | ₹38.42 Cr | +1.28% | +1.19% | — |
| Others | Others | 1.19% | ₹35.49 Cr | +1.69% | +1.04% | -1.54% |
| City Union Bank Ltd. | Financial | 1.18% | ₹37.16 Cr | +1.13% | +1.14% | — |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.16% | ₹36.30 Cr | +0.06% | +0.05% | +1.96% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.04% | ₹32.74 Cr | +2.74% | +0.81% | — |
| Tech Mahindra Ltd. | Technology | 0.94% | ₹29.53 Cr | — | — | — |
| Nippon Life India Asset Management Ltd. | Financial | 0.93% | ₹29.17 Cr | +1.04% | +0.07% | +1.19% |
| Indian Bank | Financial | 0.86% | ₹26.97 Cr | +0.90% | — | — |
| ABB India Ltd. | Capital Goods | 0.85% | ₹26.77 Cr | +0.91% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.84% | ₹26.42 Cr | — | — | — |
| One 97 Communications Ltd. | Services | 0.83% | ₹26.01 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 0.81% | ₹25.37 Cr | — | — | +1.37% |
| Ultratech Cement Ltd. | Materials | 0.81% | ₹25.63 Cr | +0.05% | +0.06% | +0.64% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.79% | ₹24.88 Cr | +0.85% | +0.58% | +1.14% |
| Mahindra & Mahindra Ltd. | Automobile | 0.74% | ₹23.24 Cr | -0.37% | +2.63% | +0.81% |
| KFin Technologies Ltd. | Financial | 0.68% | ₹21.22 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.65% | ₹20.37 Cr | +0.69% | 0.00% | 0.00% |
| Liquid Gold Series | Financial | 0.63% | ₹19.88 Cr | — | — | — |
| Tenneco Clean Air India Ltd | Automobile | 0.61% | ₹19.31 Cr | +0.74% | +0.76% | — |
| India Universal Trust AL1 | Others | 0.58% | ₹18.15 Cr | +0.61% | +0.72% | +0.85% |
| Tata Consumer Products Ltd. | Consumer Staples | 0.55% | ₹17.19 Cr | +2.67% | +1.72% | — |
| Reliance Industries Ltd. | Energy | 0.54% | ₹16.97 Cr | +0.75% | +15.70% | — |
| Thermax Ltd. | Capital Goods | 0.54% | ₹16.96 Cr | +0.85% | — | — |
| PNB Housing Finance Ltd. | Financial | 0.36% | ₹11.44 Cr | +0.35% | +0.30% | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.34% | ₹10.82 Cr | +2.25% | +1.67% | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.33% | ₹10.48 Cr | +0.35% | — | — |
| Siemens Ltd. | Capital Goods | 0.24% | ₹7.41 Cr | +2.18% | 0.00% | 0.00% |
| Divi's Laboratories Ltd. | Healthcare | 0.17% | ₹5.46 Cr | +0.13% | +0.14% | +1.26% |
| GOI | Sovereign | 0.16% | ₹5.06 Cr | +0.17% | +0.20% | +1.14% |
| Persistent Systems Ltd. | Technology | 0.13% | ₹4.12 Cr | +0.11% | +0.15% | +0.42% |
| Britannia Industries Ltd. | Consumer Staples | 0.06% | ₹1.74 Cr | +0.06% | +0.08% | +0.48% |
| State Bank of India | Financial | 0.06% | ₹1.90 Cr | +0.07% | +0.07% | +1.01% |
| Multi Commodity Exchange Of India Ltd. | Services | 0.05% | ₹1.71 Cr | +0.05% | +0.05% | +0.71% |
| Axis Bank Ltd. | Financial | 0.04% | ₹1.22 Cr | 0.00% | +0.02% | +0.05% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.04% | ₹1.34 Cr | +0.05% | +1.00% | +1.53% |
| Bharti Airtel Ltd. | Communication | 0.03% | ₹0.93 Cr | +0.30% | +4.92% | +4.58% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.03% | ₹1.02 Cr | +0.03% | +0.03% | +1.48% |
| Max Healthcare Institute Ltd. | Healthcare | 0.03% | ₹0.93 Cr | +0.04% | +0.04% | +1.80% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.03% | ₹0.86 Cr | +0.60% | +4.00% | — |
| BSE Ltd. | Services | 0.02% | ₹0.56 Cr | +0.83% | +0.82% | +0.07% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.02% | ₹0.64 Cr | +1.21% | — | +0.60% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.02% | ₹0.61 Cr | +0.02% | +0.03% | +0.04% |
| Larsen & Toubro Ltd. | Construction | 0.02% | ₹0.77 Cr | -0.01% | +0.11% | +1.08% |
| Tata Power Company Ltd. | Energy | 0.02% | ₹0.75 Cr | +0.53% | +1.57% | — |
| Bharat Electronics Ltd. | Capital Goods | 0.01% | ₹0.27 Cr | +0.47% | +4.07% | +1.84% |
| Power Grid Corporation Of India Ltd. | Energy | 0.01% | ₹0.23 Cr | +2.06% | — | — |
| Shriram Finance Ltd | Financial | 0.01% | ₹0.46 Cr | +0.02% | +0.26% | +0.02% |
| Infosys Ltd. | Technology | 0.00% | ₹0.13 Cr | 0.00% | +0.01% | +1.79% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.00% | ₹0.10 Cr | 0.00% | 0.00% | +0.70% |
| Blue Star Ltd. | Consumer Discretionary | 0.00% | ₹0.08 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Bank Ltd. | 8.36% | 0.62% | -7.74% |
| Dhoot Transmission Ltd. | 0.00% | 1.40% | +1.40% |
| PB Fintech Ltd. | 3.17% | 1.87% | -1.30% |
| Aditya Infotech Ltd. | 1.62% | 2.67% | +1.05% |
| HDFC Bank Ltd. | 4.64% | 5.06% | +0.42% |
| Meesho Ltd. | 2.83% | 3.25% | +0.42% |
| NTPC Ltd. | 0.36% | 0.00% | -0.36% |
| TVS Motor Company Ltd. | 2.60% | 2.25% | -0.35% |
| Lenskart Solutions Ltd. | 4.20% | 4.51% | +0.31% |
| Polycab India Ltd. | 1.64% | 1.93% | +0.29% |
| The Federal Bank Ltd. | 3.29% | 3.04% | -0.25% |
| Bharti Airtel Ltd. | 0.27% | 0.03% | -0.24% |
| Ather Energy Ltd. | 1.50% | 1.29% | -0.21% |
| SEDEMAC Mechatronics Ltd. | 1.08% | 1.26% | +0.18% |
| HDFC Asset Management Company Ltd. | 1.71% | 1.54% | -0.17% |
| ITC Ltd. | 2.28% | 2.44% | +0.16% |
| Hitachi Energy India Ltd. | 1.08% | 1.24% | +0.16% |
| KFin Technologies Ltd. | 0.53% | 0.68% | +0.15% |
| Piramal Finance Ltd. | 1.97% | 1.82% | -0.15% |
| ICICI Prudential Asset Management Company Ltd. | 1.98% | 2.11% | +0.13% |
| HSBC Gold ETF-Growth | 9.12% | 9.02% | -0.10% |
| FSN E-Commerce Ventures Ltd. | 1.81% | 1.72% | -0.09% |
| Mahindra & Mahindra Financial Services Ltd. | 0.93% | 0.84% | -0.09% |
| Others | -0.29% | -0.20% | +0.09% |
| ABB India Ltd. | 0.93% | 0.85% | -0.08% |
| Lupin Ltd. | 2.12% | 2.04% | -0.08% |
| Mankind Pharma Ltd. | 1.14% | 1.22% | +0.08% |
| Indian Bank | 0.92% | 0.86% | -0.06% |
| National Bank For Agriculture & Rural Development | 1.54% | 1.60% | +0.06% |
| Titagarh Rail Systems Ltd. | 1.48% | 1.54% | +0.06% |
| Thermax Ltd. | 0.60% | 0.54% | -0.06% |
| GE Vernova T&D India Ltd | 2.45% | 2.40% | -0.05% |
| Bajaj Finance Ltd. | 1.54% | 1.59% | +0.05% |
| Gland Pharma Ltd. | 1.29% | 1.34% | +0.05% |
| Mahindra & Mahindra Ltd. | 0.79% | 0.74% | -0.05% |
| Nippon Life India Asset Management Ltd. | 0.98% | 0.93% | -0.05% |
| Bajaj Housing Finance Ltd. | 1.58% | 1.63% | +0.05% |
| Apar Industries Ltd. | 1.65% | 1.68% | +0.03% |
| CG Power and Industrial Solutions Ltd. | 1.19% | 1.16% | -0.03% |
| REC Ltd. | 0.76% | 0.79% | +0.03% |
| Sun Pharmaceutical Industries Ltd. | 0.68% | 0.65% | -0.03% |
| Tech Mahindra Ltd. | 0.97% | 0.94% | -0.03% |
| Small Industries Devp. Bank of India Ltd. | 0.82% | 0.79% | -0.03% |
| Tata Consumer Products Ltd. | 0.58% | 0.55% | -0.03% |
| City Union Bank Ltd. | 1.16% | 1.18% | +0.02% |
| HDFC Gold ETF | 1.69% | 1.67% | -0.02% |
| Hindalco Industries Ltd. | 0.36% | 0.34% | -0.02% |
| India Universal Trust AL1 | 0.56% | 0.58% | +0.02% |
| JSW Steel Ltd. | 2.02% | 2.01% | -0.01% |
| Billionbrains Garage Ventures Ltd. | 1.05% | 1.04% | -0.01% |
| Indian Railway Finance Corporation Ltd. | 0.32% | 0.33% | +0.01% |
| Liquid Gold Series | 0.62% | 0.63% | +0.01% |
| One 97 Communications Ltd. | 0.82% | 0.83% | +0.01% |
| Siemens Ltd. | 0.25% | 0.24% | -0.01% |
| Tenneco Clean Air India Ltd | 0.62% | 0.61% | -0.01% |
| Dixon Technologies (India) Ltd. | 0.04% | 0.03% | -0.01% |
| Shriram Finance Ltd | 0.02% | 0.01% | -0.01% |
| Larsen & Toubro Ltd. | 0.03% | 0.02% | -0.01% |
| Interglobe Aviation Ltd. | 0.82% | 0.81% | -0.01% |
| Infosys Ltd. | 0.00% | 0.00% | 0.00% |
| Cholamandalam Investment and Finance Company Ltd. | 0.00% | 0.00% | 0.00% |
| Blue Star Ltd. | 0.00% | 0.00% | 0.00% |
| Axis Bank Ltd. | 0.04% | 0.04% | 0.00% |
| BSE Ltd. | 0.02% | 0.02% | 0.00% |
| Bharat Electronics Ltd. | 0.01% | 0.01% | 0.00% |
| Bharat Heavy Electricals Ltd. | 0.02% | 0.02% | 0.00% |
| Britannia Industries Ltd. | 0.06% | 0.06% | 0.00% |
| Divi's Laboratories Ltd. | 0.17% | 0.17% | 0.00% |
| GOI | 0.16% | 0.16% | 0.00% |
| Godrej Consumer Products Ltd. | 0.02% | 0.02% | 0.00% |
| Max Healthcare Institute Ltd. | 0.03% | 0.03% | 0.00% |
| Multi Commodity Exchange Of India Ltd. | 0.05% | 0.05% | 0.00% |
| Oil And Natural Gas Corporation Ltd. | 0.03% | 0.03% | 0.00% |
| PNB Housing Finance Ltd. | 0.36% | 0.36% | 0.00% |
| Persistent Systems Ltd. | 0.13% | 0.13% | 0.00% |
| Power Grid Corporation Of India Ltd. | 0.01% | 0.01% | 0.00% |
| Reliance Industries Ltd. | 0.01% | 0.01% | 0.00% |
| Safari Industries (India) Ltd. | 0.04% | 0.04% | 0.00% |
| State Bank of India | 0.06% | 0.06% | 0.00% |
| Tata Power Company Ltd. | 0.02% | 0.02% | 0.00% |
| Ultratech Cement Ltd. | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹10,235 Cr | 1.65% | 4.0% | 11.9% | 14.8% |
 Nippon India Multi Asset Allocation Fund | ₹18,044 Cr | 1.45% | 4.1% | 11.8% | 14.7% |
 Kotak Multi Asset Allocation Fund | ₹15,236 Cr | 1.78% | 1.3% | 11.3% | — |
 DSP Multi Asset Allocation Fund | ₹10,820 Cr | 1.57% | 4.0% | 13.0% | — |
 Quant Multi Asset Allocation Fund | ₹6,608 Cr | 2.14% | 5.1% | 12.4% | 16.4% |
 Aditya Birla Sun Life Multi-Asset Omni FoF | ₹468 Cr | 1.32% | 5.6% | 10.9% | 13.4% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs.
Fund managers
- Asif RizwiMr. Rizwi has done B.Tech and PGDM from IIM-CPrior to joining HSBC MF, he has worked with L&T MF, Yes Bank, ICICI Bank, Nomura International plc and Deutsche Bank
- Cheenu GuptaMs. Gupta is CFA Charter holder (USA), PGDBM (Finance) & B.E. (I.T)Prior to joining HSBC Mutual Fund, she has worked with L&T Mutual Fund, Canara Robeco Mutual Fund, Tata AIA Life Insurance Company as Fund Manager, ING Investment Management as Senior Research Analyst and UTI AMC Ltd. as Research Analyst.
- Dipan S. ParikhMr. Parikh has done B.ComHe has been working with HSBC Mutual Fund since 2006
- Mahesh A ChhabriaMr. Chhabria is a Commerce Graduate and has also pursued FCA and CFA.Prior to joining HSBC MF, he has worked with L&T AMC, Edelweiss Securities Ltd, Darivium Traditions Pvt. Ltd. and FIL Fund Management Pvt. Ltd.
- Praveen AyathanMr. Praveen is a B.Sc (Mathematics).Prior to joining HSBC Mutual Fund, he has worked with L&T MF, Kotak Mahindra AMC and Dalal & Broacha Stock Broking Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.01% absolute | ₹60,000 | ₹61,806 | 3.01% | |
| 1 year9.78% annualised | ₹1,20,000 | ₹1,26,551 | 5.46% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HSBC Multi Asset Allocation Fund?
The NAV of HSBC Multi Asset Allocation Fund is ₹13.95 as on 9 Nov 2026.
What is the expense ratio of HSBC Multi Asset Allocation Fund?
The expense ratio of HSBC Multi Asset Allocation Fund is 2.26% per year.
What is the minimum SIP amount for HSBC Multi Asset Allocation Fund?
You can start a SIP in HSBC Multi Asset Allocation Fund with ₹3,000 a month.
Is there a lock-in or exit load on HSBC Multi Asset Allocation Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year..
How risky is HSBC Multi Asset Allocation Fund?
HSBC Multi Asset Allocation Fund is rated Very High on the SEBI riskometer and belongs to the Multi Asset Allocation category.
Which fund house manages HSBC Multi Asset Allocation Fund?
HSBC Multi Asset Allocation Fund is managed by HSBC Mutual Fund, which runs 44 schemes with ₹1,58,065 Cr under management.