HSBC Multi Asset Allocation Fund
Multi Asset AllocationVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹13.66-0.26%1 day
- Return since launch
- 12.8%
- 52-week range
- ₹12.32 — ₹14.21
- AUM
- ₹3,260 Cr
HSBC Multi Asset Allocation Fund is a Multi Asset Allocation hybrid fund from HSBC Mutual Fund with ₹3,260 Cr under management, launched in 2024. The expense ratio is 2.40% 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 +9.8% against +8.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | −3.5 pts | 8.0% | 3.6% |
| 2Y | 10.2% | +2.5 pts | 7.8% | 8.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -3.9% | −1.1 pts | -2.8% | -2.5% |
| 3M | -0.5% | −1.3 pts | 0.8% | 1.0% |
| 6M | 8.5% | +2.1 pts | 6.3% | 6.8% |
| 1Y | 9.8% | +1.8 pts | 8.0% | 7.8% |
| 2Y | 6.2% | 0.0 pts | 6.2% | 6.6% |
Since launch (8 Feb 2024): 12.8%
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
2.34%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.57%
- Brokerage
- 0.14%
- Transaction charges
- 0.01%
- Statutory levies
- 0.62%
- 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 31 Aug 2026
Asset allocation
- Equity73.9%
- Debt14.0%
- Commodities10.5%
- Other1.6%
Market cap split
- Large48.7%
- Mid38.2%
- Small13.1%
- P/E
- 28.36
- P/B
- 4.42
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HSBC Gold ETF-Growth | Unclassified | 9.12% | ₹297 Cr | +7.56% | — | — |
| ICICI Bank Ltd. | Financial | 8.96% | ₹292 Cr | +13.30% | +1.76% | +4.42% |
| HDFC Bank Ltd. | Financial | 4.64% | ₹151 Cr | +0.01% | +2.89% | +5.54% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 4.20% | ₹137 Cr | +3.01% | +2.74% | — |
| The Federal Bank Ltd. | Financial | 3.29% | ₹107 Cr | +2.07% | +1.35% | — |
| PB Fintech Ltd. | Services | 3.17% | ₹103 Cr | +3.15% | +1.53% | +0.11% |
| Meesho Ltd. | Services | 2.83% | ₹92.10 Cr | — | — | — |
| TVS Motor Company Ltd. | Automobile | 2.60% | ₹84.90 Cr | — | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 2.45% | ₹79.88 Cr | +3.49% | +3.38% | +3.18% |
| ITC Ltd. | Consumer Staples | 2.28% | ₹74.48 Cr | +0.20% | +2.70% | +2.88% |
| Lupin Ltd. | Healthcare | 2.12% | ₹69.02 Cr | +2.40% | +0.15% | +0.16% |
| JSW Steel Ltd. | Metals & Mining | 2.02% | ₹65.78 Cr | +1.25% | — | — |
| ICICI Prudential Asset Management Company Ltd. | Unclassified | 1.98% | ₹64.70 Cr | +2.51% | +3.11% | — |
| Piramal Finance Ltd. | Financial | 1.97% | ₹64.26 Cr | +1.81% | — | — |
| FSN E-Commerce Ventures Ltd. | Services | 1.81% | ₹59.08 Cr | +2.03% | +2.69% | +1.09% |
| HDFC Asset Management Company Ltd. | Financial | 1.71% | ₹55.58 Cr | +0.01% | +0.80% | +1.30% |
| HDFC Gold ETF | Unclassified | 1.69% | ₹55.13 Cr | +1.86% | +3.10% | +3.35% |
| company:1333 | Consumer Staples | 1.65% | ₹53.86 Cr | — | — | — |
| Polycab India Ltd. | Capital Goods | 1.64% | ₹53.58 Cr | +0.53% | +2.14% | — |
| Aditya Infotech Ltd. | Communication | 1.62% | ₹52.67 Cr | +2.22% | +1.12% | — |
| Bajaj Housing Finance Ltd. | Financial | 1.58% | ₹51.39 Cr | +0.90% | +0.96% | +1.19% |
| REC Ltd. | Financial | 1.56% | ₹50.71 Cr | +1.70% | — | +2.40% |
| Bajaj Finance Ltd. | Financial | 1.54% | ₹50.05 Cr | +0.87% | +0.01% | +1.62% |
| National Bank For Agriculture & Rural Development | Financial | 1.54% | ₹50.12 Cr | +0.83% | +0.97% | +1.21% |
| Ather Energy Ltd. | Automobile | 1.50% | ₹49.01 Cr | +0.92% | — | — |
| Titagarh Rail Systems Ltd. | Automobile | 1.48% | ₹48.41 Cr | +1.64% | — | — |
| Gland Pharma Ltd. | Healthcare | 1.29% | ₹41.94 Cr | — | — | — |
| Others | Others | 1.28% | ₹41.78 Cr | +1.73% | -2.08% | -0.10% |
| CG Power and Industrial Solutions Ltd. | Capital Goods | 1.19% | ₹38.93 Cr | +0.06% | +0.05% | +1.94% |
| City Union Bank Ltd. | Financial | 1.16% | ₹37.68 Cr | +1.06% | +1.25% | — |
| Mankind Pharma Ltd. | Healthcare | 1.14% | ₹37.12 Cr | +1.22% | +0.62% | — |
| Hitachi Energy India Ltd. | Capital Goods | 1.08% | ₹35.19 Cr | +1.57% | +0.87% | — |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 1.08% | ₹35.08 Cr | +0.82% | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.05% | ₹34.19 Cr | +2.56% | +2.03% | — |
| Nippon Life India Asset Management Ltd. | Financial | 0.98% | ₹31.96 Cr | +0.53% | 0.00% | +1.77% |
| company:7925 | Technology | 0.97% | ₹31.55 Cr | — | +0.02% | — |
| ABB India Ltd. | Capital Goods | 0.93% | ₹30.17 Cr | +0.96% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 0.93% | ₹30.33 Cr | — | — | — |
| Indian Bank | Financial | 0.92% | ₹30.07 Cr | +0.94% | — | — |
| Interglobe Aviation Ltd. | Services | 0.82% | ₹26.64 Cr | — | +0.16% | +1.45% |
| Small Industries Devp. Bank of India Ltd. | Financial | 0.82% | ₹26.70 Cr | +0.86% | +0.54% | +1.19% |
| company:17109 | Services | 0.82% | ₹26.62 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 0.79% | ₹25.85 Cr | -0.38% | 0.00% | +0.79% |
| Ultratech Cement Ltd. | Materials | 0.79% | ₹25.70 Cr | +0.05% | +3.26% | +1.22% |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 0.68% | ₹22.26 Cr | +0.68% | 0.00% | +0.52% |
| Tenneco Clean Air India Ltd | Automobile | 0.62% | ₹20.11 Cr | +0.75% | +0.79% | — |
| company:20537 | Financial | 0.62% | ₹20.14 Cr | — | — | — |
| Thermax Ltd. | Capital Goods | 0.60% | ₹19.51 Cr | +0.84% | — | — |
| Tata Consumer Products Ltd. | Consumer Staples | 0.58% | ₹18.79 Cr | +2.98% | — | — |
| India Universal Trust AL1 | Others | 0.56% | ₹18.36 Cr | +0.62% | +0.68% | +0.90% |
| company:17868 | Financial | 0.53% | ₹17.30 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | 0.52% | ₹16.94 Cr | +0.79% | +3.22% | — |
| Hindalco Industries Ltd. | Metals & Mining | 0.36% | ₹11.66 Cr | +3.88% | — | — |
| NTPC Ltd. | Energy | 0.36% | ₹11.85 Cr | +0.47% | +0.78% | +0.12% |
| PNB Housing Finance Ltd. | Financial | 0.36% | ₹11.74 Cr | +0.35% | +0.30% | — |
| Indian Railway Finance Corporation Ltd. | Financial | 0.32% | ₹10.50 Cr | — | — | — |
| Bharti Airtel Ltd. | Communication | 0.27% | ₹8.88 Cr | +0.30% | +3.77% | +4.85% |
| Siemens Ltd. | Capital Goods | 0.25% | ₹8.01 Cr | +2.38% | 0.00% | 0.00% |
| Divi's Laboratories Ltd. | Healthcare | 0.17% | ₹5.56 Cr | +0.13% | +0.14% | +1.43% |
| GOI | Sovereign | 0.16% | ₹5.12 Cr | +0.17% | +0.56% | +1.19% |
| Persistent Systems Ltd. | Technology | 0.13% | ₹4.36 Cr | +0.14% | +0.13% | +0.49% |
| Britannia Industries Ltd. | Consumer Staples | 0.06% | ₹1.89 Cr | +0.06% | +1.04% | — |
| State Bank of India | Financial | 0.06% | ₹2.10 Cr | +0.06% | +2.05% | — |
| Multi Commodity Exchange Of India Ltd. | Services | 0.05% | ₹1.76 Cr | +0.05% | +0.49% | +0.71% |
| Axis Bank Ltd. | Financial | 0.04% | ₹1.29 Cr | 0.00% | +2.36% | +0.04% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.04% | ₹1.16 Cr | +0.03% | +0.03% | +1.60% |
| Safari Industries (India) Ltd. | Consumer Discretionary | 0.04% | ₹1.41 Cr | +0.05% | +1.17% | +1.58% |
| Larsen & Toubro Ltd. | Construction | 0.03% | ₹0.82 Cr | -0.01% | +5.11% | +0.07% |
| Max Healthcare Institute Ltd. | Healthcare | 0.03% | ₹1.04 Cr | +0.03% | +0.04% | +1.96% |
| Oil And Natural Gas Corporation Ltd. | Energy | 0.03% | ₹0.88 Cr | +1.66% | — | — |
| BSE Ltd. | Services | 0.02% | ₹0.59 Cr | +1.82% | +1.21% | +0.07% |
| Bharat Heavy Electricals Ltd. | Capital Goods | 0.02% | ₹0.69 Cr | +3.06% | — | +0.55% |
| Godrej Consumer Products Ltd. | Consumer Staples | 0.02% | ₹0.64 Cr | +0.02% | +0.03% | +0.04% |
| Shriram Finance Ltd | Financial | 0.02% | ₹0.51 Cr | +0.01% | +1.75% | +0.69% |
| Tata Power Company Ltd. | Energy | 0.02% | ₹0.72 Cr | +0.59% | — | — |
| Bharat Electronics Ltd. | Capital Goods | 0.01% | ₹0.29 Cr | +3.63% | +3.22% | +1.78% |
| Power Grid Corporation Of India Ltd. | Energy | 0.01% | ₹0.23 Cr | +2.13% | — | — |
| Infosys Ltd. | Technology | 0.00% | ₹0.15 Cr | +0.01% | +0.01% | +1.92% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.00% | ₹0.11 Cr | 0.00% | 0.00% | +1.12% |
| Blue Star Ltd. | Consumer Discretionary | 0.00% | ₹0.08 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Axis Bank Ltd. | 1.70% | 0.04% | -1.66% |
| company:1333 | 0.00% | 1.65% | +1.65% |
| ITC Ltd. | 1.15% | 2.28% | +1.13% |
| Lenskart Solutions Ltd. | 3.11% | 4.20% | +1.09% |
| company:7925 | 0.00% | 0.97% | +0.97% |
| Hindalco Industries Ltd. | 1.23% | 0.36% | -0.87% |
| Power Finance Corporation Ltd. | 0.85% | 0.00% | -0.85% |
| Mahindra & Mahindra Ltd. | 1.61% | 0.79% | -0.82% |
| company:17109 | 0.00% | 0.82% | +0.82% |
| Meesho Ltd. | 2.02% | 2.83% | +0.81% |
| Others | -1.10% | -0.29% | +0.81% |
| company:20537 | 0.00% | 0.62% | +0.62% |
| Tata Consumer Products Ltd. | 1.17% | 0.58% | -0.59% |
| Oil And Natural Gas Corporation Ltd. | 0.61% | 0.03% | -0.58% |
| company:17868 | 0.00% | 0.53% | +0.53% |
| HDFC Bank Ltd. | 5.15% | 4.64% | -0.51% |
| Gland Pharma Ltd. | 0.91% | 1.29% | +0.38% |
| Reliance Industries Ltd. | 0.37% | 0.01% | -0.36% |
| Ather Energy Ltd. | 1.16% | 1.50% | +0.34% |
| Lupin Ltd. | 2.46% | 2.12% | -0.34% |
| ICICI Bank Ltd. | 8.69% | 8.36% | -0.33% |
| PB Fintech Ltd. | 2.85% | 3.17% | +0.32% |
| HSBC Gold ETF-Growth | 8.83% | 9.12% | +0.29% |
| BSE Ltd. | 0.26% | 0.02% | -0.24% |
| The Federal Bank Ltd. | 3.48% | 3.29% | -0.19% |
| ICICI Prudential Asset Management Company Ltd. | 2.12% | 1.98% | -0.14% |
| TVS Motor Company Ltd. | 2.72% | 2.60% | -0.12% |
| Piramal Finance Ltd. | 1.85% | 1.97% | +0.12% |
| SEDEMAC Mechatronics Ltd. | 0.98% | 1.08% | +0.10% |
| Titagarh Rail Systems Ltd. | 1.58% | 1.48% | -0.10% |
| Thermax Ltd. | 0.70% | 0.60% | -0.10% |
| Aditya Infotech Ltd. | 1.72% | 1.62% | -0.10% |
| Bajaj Housing Finance Ltd. | 1.67% | 1.58% | -0.09% |
| Bajaj Finance Ltd. | 1.62% | 1.54% | -0.08% |
| HDFC Asset Management Company Ltd. | 1.79% | 1.71% | -0.08% |
| Mankind Pharma Ltd. | 1.22% | 1.14% | -0.08% |
| National Bank For Agriculture & Rural Development | 1.62% | 1.54% | -0.08% |
| Mahindra & Mahindra Financial Services Ltd. | 1.01% | 0.93% | -0.08% |
| Billionbrains Garage Ventures Ltd. | 1.12% | 1.05% | -0.07% |
| REC Ltd. | 0.83% | 0.76% | -0.07% |
| HDFC Gold ETF | 1.63% | 1.69% | +0.06% |
| City Union Bank Ltd. | 1.10% | 1.16% | +0.06% |
| GE Vernova T&D India Ltd | 2.51% | 2.45% | -0.06% |
| NTPC Ltd. | 0.41% | 0.36% | -0.05% |
| JSW Steel Ltd. | 2.06% | 2.02% | -0.04% |
| Nippon Life India Asset Management Ltd. | 1.02% | 0.98% | -0.04% |
| Tenneco Clean Air India Ltd | 0.66% | 0.62% | -0.04% |
| Bharti Airtel Ltd. | 0.31% | 0.27% | -0.04% |
| India Universal Trust AL1 | 0.60% | 0.56% | -0.04% |
| Sun Pharmaceutical Industries Ltd. | 0.72% | 0.68% | -0.04% |
| Interglobe Aviation Ltd. | 0.85% | 0.82% | -0.03% |
| Polycab India Ltd. | 1.67% | 1.64% | -0.03% |
| Divi's Laboratories Ltd. | 0.15% | 0.17% | +0.02% |
| Indian Bank | 0.90% | 0.92% | +0.02% |
| Indian Railway Finance Corporation Ltd. | 0.34% | 0.32% | -0.02% |
| CG Power and Industrial Solutions Ltd. | 1.18% | 1.19% | +0.01% |
| FSN E-Commerce Ventures Ltd. | 1.82% | 1.81% | -0.01% |
| GOI | 0.17% | 0.16% | -0.01% |
| PNB Housing Finance Ltd. | 0.35% | 0.36% | +0.01% |
| Persistent Systems Ltd. | 0.14% | 0.13% | -0.01% |
| Siemens Ltd. | 0.24% | 0.25% | +0.01% |
| State Bank of India | 0.07% | 0.06% | -0.01% |
| Max Healthcare Institute Ltd. | 0.04% | 0.03% | -0.01% |
| Safari Industries (India) Ltd. | 0.05% | 0.04% | -0.01% |
| Tata Power Company Ltd. | 0.03% | 0.02% | -0.01% |
| Blue Star Ltd. | 0.00% | 0.00% | 0.00% |
| Infosys Ltd. | 0.00% | 0.00% | 0.00% |
| Cholamandalam Investment and Finance Company Ltd. | 0.00% | 0.00% | 0.00% |
| ABB India Ltd. | 0.93% | 0.93% | 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% |
| Dixon Technologies (India) Ltd. | 0.04% | 0.04% | 0.00% |
| Godrej Consumer Products Ltd. | 0.02% | 0.02% | 0.00% |
| Hitachi Energy India Ltd. | 1.08% | 1.08% | 0.00% |
| Larsen & Toubro Ltd. | 0.03% | 0.03% | 0.00% |
| Multi Commodity Exchange Of India Ltd. | 0.05% | 0.05% | 0.00% |
| Power Grid Corporation Of India Ltd. | 0.01% | 0.01% | 0.00% |
| Shriram Finance Ltd | 0.02% | 0.02% | 0.00% |
| Small Industries Devp. Bank of India Ltd. | 0.82% | 0.82% | 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 | ₹7,364 Cr | 1.57% | 6.5% | 12.7% | 15.4% |
 Nippon India Multi Asset Allocation Fund | ₹17,984 Cr | 1.44% | 5.9% | 13.3% | 15.5% |
 WhiteOak Capital Multi Asset Allocation Fund | ₹8,778 Cr | 1.67% | 7.9% | 13.1% | — |
 Quant Multi Asset Allocation Fund | ₹6,528 Cr | 2.32% | 7.5% | 14.1% | 17.5% |
| Nippon India Multi - Asset Omni FoF | ₹3,056 Cr | 1.08% | 4.9% | 11.0% | 14.7% |
 Aditya Birla Sun Life Multi-Asset Omni FoF | ₹478 Cr | 1.33% | 6.6% | 11.8% | 13.9% |
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 months8.46% absolute | ₹60,000 | ₹65,076 | 8.46% | |
| 1 year9.76% annualised | ₹1,20,000 | ₹1,26,537 | 5.45% |
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 ₹13.66 as on 25 Sep 2026.
What is the expense ratio of HSBC Multi Asset Allocation Fund?
The expense ratio of HSBC Multi Asset Allocation Fund is 2.40% 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 ₹1,44,068 Cr under management.