UTI Multi Asset Allocation Fund
Multi Asset Allocation · UTI Asset Mgmt. Co. Ltd.
Among the 128 funds in its category, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.8 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹23.3 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹74,980. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.UTI Multi Asset Allocation Fund is a Multi Asset Allocation fund from UTI Asset Mgmt. Co. Ltd.. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 23/99 (its recent momentum versus category peers) and a King Score of 53/100 (a long-term quality composite). The current NAV is ₹86.81 (as of 2026-09-16).
Growth of ₹100 - last 5 years
UTI Multi Asset Allocation Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -3.59% | -2.41% |
| 3 months | -0.66% | 0.27% |
| 6 months | 2.02% | 3.31% |
| 1 year | 3.24% | 9.14% |
| 3 years (CAGR) | 14.74% | 14.11% |
| 5 years (CAGR) | 12.87% | 13.49% |
| 10 years (CAGR) | 11.06% | 13.33% |
The last 10 years return of UTI Multi Asset Allocation Fund works out to 11.06% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹2.9 lakh today. The last 5 years return is 12.87% a year (₹1 lakh → ₹1.8 lakh), and the last 3 years return is 14.74% - ahead of its category's 14.11% average by 0.6 points. Its trailing one-year return is 3.24%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | UTI Multi Asset Alloca | Benchmark |
|---|---|---|
| 2018 | +0.5% | -3.4% |
| 2019 | +4.8% | +7.7% |
| 2020 | +14.0% | +16.7% |
| 2021 | +12.7% | +30.2% |
| 2022 | +5.3% | +3.0% |
| 2023 | +30.2% | +25.8% |
| 2024 | +21.9% | +15.2% |
| 2025 | +12.4% | +6.7% |
| 2026 | -2.1% | -5.8% |
UTI Multi Asset Allocation Fund beat its benchmark in 6 of the last 9 calendar years. That is a strong hit-rate - most active funds fail to clear their index this often. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in UTI Multi Asset Allocation Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹419,080 | 8.26% |
| 5 years | ₹610,000 | ₹849,112 | 13.17% |
| 10 years | ₹1,210,000 | ₹2,326,354 | 12.54% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹2,326,354 - an XIRR of 12.54%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -25.02% | -13.03% |
| Worst drawdown (3Y) | -10.0% | -9.53% |
| Volatility (1Y) | 12.5% | 12.1% |
| Sharpe (3Y) | 0.84 | 0.74 |
| Sortino (3Y) | 1.48 | 1.49 |
| Beta (3Y) | 0.58 | 0.53 |
| Alpha (3Y) | 6.99% | 7.27% |
| Up capture | 71.2% | 66.13% |
| Down capture | 48.6% | 41.98% |
| Bull-market return | 19.3% | 28.84% |
| Bear-market return | -15.0% | -11.07% |
Timing matters more than people admit: the best possible 1-year stretch in UTI Multi Asset Allocation Fund (starting 2020-03-23) gained 51.7%, while the worst (starting 2019-03-22) lost 20.1%. The worst peak-to-bottom fall UTI Multi Asset Allocation Fund has ever put investors through is -25.02% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -15.0% annualised, versus 19.3% in rising markets. It has captured roughly 71.2% of its benchmark's up-moves and 48.6% of its down-moves.
How UTI Multi Asset Allocation Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), UTI Multi Asset Allocation Fund has historically returned about -15.0% annualised, versus roughly 19.3% when the market is rising. Its deepest fall on record is -25.02%. Right now it sits about 4.01% below its all-time high (last hit 2026-08-12). The real question isn't the average year - it's whether you could hold on through the worst one.
How UTI Multi Asset Allocation Fund ranks in its category
Percentile versus its ~128 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 9.75% |
| 3Y windows positive | 98.9% |
| Worst 3Y window | -2.46% |
| 3Y windows beating Nifty 500 | 43.2% |
| Median 5Y rolling CAGR | 9.23% |
| Median 10Y rolling CAGR | 10.94% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, UTI Multi Asset Allocation Fund returned a median of 9.75% a year, and 98.9% of those windows were positive.
What UTI Multi Asset Allocation Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 23.4% of the portfolio, across 94 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
UTI Multi Asset Allocation Fund shares WhiteOak Capital Multi Asset Allocation Fund (0%), Nippon India Multi Asset Allocation Fund (0%), Aditya Birla Sun Life Multi Asset Allocation Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages UTI Multi Asset Allocation Fund - and how good are they?
UTI Multi Asset Allocation Fund is managed by Sharwan Goyal, Jaydeep Bhowal and Lokesh Kulthia. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Sharwan Goyal's full record
Sharwan Goyal currently runs 20 funds, across FoF Domestic, Index Funds, Multi Asset Allocation, Sectoral/ Thematic, with about ₹46,189 Cr under management. The book's average King Score is 47.7/100. Their strongest fund by King Score is UTI Gold ETF Fund of Fund (82/100); UTI Multi Asset Allocation Fund ranks #6 of 20 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | UTI Gold ETF Fund of Fund | 88 | 82 | 0.8% | -2.2% | 37.2% | 36.0% | n/a | n/a | 1.44 | 34.3% | -16.8% |
| 2 | UTI Silver ETF Fund of Fund | 96 | 66 | -8.5% | -7.7% | 75.4% | 45.3% | n/a | n/a | 1.04 | 47.9% | -35.9% |
| 3 | UTI Nifty 500 Value 50 Index Fund | 39 | 65 | -5.3% | -0.4% | 10.6% | 21.1% | n/a | n/a | 0.65 | n/a | -22.6% |
| 4 | UTI Nifty50 Equal Weight Index Fund | 34 | 60 | -1.8% | 2.0% | -0.9% | 10.2% | n/a | n/a | 0.26 | n/a | -18.1% |
| 5 | UTI Nifty Next 50 Index Fund | 58 | 57 | -1.5% | 7.7% | 3.8% | 15.8% | 10.7% | n/a | 0.47 | 18.0% | -39.9% |
| 6 | UTI Multi Asset Allocation Fund (this page) | 23 | 53 | -0.7% | 2.0% | 3.2% | 14.7% | 12.9% | 11.1% | 0.84 | 9.8% | -25.0% |
| 7 | UTI Nifty 200 Momentum 30 Index Fund | 21 | 42 | -4.2% | 1.3% | -3.4% | 9.4% | 8.7% | n/a | 0.14 | 18.5% | -31.5% |
| 8 | UTI Nifty Midcap 150 Quality 50 Index Fund | 30 | 34 | -3.0% | 5.9% | -5.3% | 7.1% | n/a | n/a | 0.05 | 13.9% | -21.4% |
| 9 | UTI BSE Low Volatility Index Fund | 4 | 33 | -3.6% | -3.0% | -8.5% | 6.2% | n/a | n/a | -0.02 | 15.4% | -18.2% |
| 10 | UTI Nifty 50 Index Fund | 14 | 31 | -2.2% | -1.6% | -6.7% | 5.8% | 6.7% | 11.3% | -0.04 | 13.2% | -38.4% |
| 11 | UTI BSE Sensex Index Fund | 8 | 29 | -2.0% | -2.4% | -8.5% | 4.0% | n/a | n/a | -0.16 | 11.9% | -16.1% |
| 12 | UTI BSE Housing Index Fund | 3 | 20 | -4.7% | 1.2% | -12.2% | 5.4% | n/a | n/a | -0.04 | n/a | -26.5% |
| 13 | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund | 67 | n/a | -1.3% | 10.3% | 2.7% | n/a | n/a | n/a | 0.23 | n/a | -16.9% |
| 14 | UTI Nifty Midcap 150 Index Fund | 66 | n/a | -0.8% | 8.0% | 3.8% | n/a | n/a | n/a | -0.19 | n/a | -18.9% |
| 15 | UTI Nifty India Manufacturing Index Fund | 49 | n/a | -1.6% | 5.1% | 4.3% | n/a | n/a | n/a | 0.48 | n/a | -11.5% |
| 16 | UTI Nifty Private Bank Index Fund | 45 | n/a | -1.4% | 4.1% | 2.1% | n/a | n/a | n/a | -0.34 | n/a | -17.3% |
| 17 | UTI Nifty Alpha Low-Volatility 30 Index Fund | 37 | n/a | -0.1% | 2.2% | -3.0% | n/a | n/a | n/a | -0.72 | n/a | -16.6% |
| 18 | UTI Nifty 200 Quality 30 Index Fund | 27 | n/a | -1.3% | 1.9% | -6.7% | n/a | n/a | n/a | -0.91 | n/a | -22.6% |
| 19 | UTI Quant Fund | 26 | n/a | -0.8% | 3.8% | -4.2% | n/a | n/a | n/a | -0.29 | n/a | -14.4% |
| 20 | UTI Nifty500 Shariah Index Fund | n/a | n/a | -2.1% | 3.5% | n/a | n/a | n/a | n/a | n/a | n/a | -9.2% |
Jaydeep Bhowal's full record
Jaydeep Bhowal currently runs 7 funds, across Aggressive Hybrid Fund, Conservative Hybrid Fund, Gilt Fund with 10 year constant duration, Index Funds and more, with about ₹15,351 Cr under management. The book's average King Score is 70.7/100. Their strongest fund by King Score is UTI Gilt Fund with 10 year Constant Duration (83/100); UTI Multi Asset Allocation Fund ranks #7 of 7 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | UTI Gilt Fund with 10 year Constant Duration | 72 | 83 | 0.6% | 1.4% | 3.5% | 6.9% | n/a | n/a | 0.12 | 8.0% | -2.7% |
| 2 | UTI CRISIL SDL Maturity June 2027 Index Fund | 81 | 81 | 1.6% | 2.9% | 6.2% | 7.5% | n/a | n/a | 1.07 | 7.5% | -0.4% |
| 3 | UTI NIFTY SDL Plus AAA PSU Bond Apr 2028- 75 25 Index Fund | 78 | 77 | 1.6% | 2.7% | 6.0% | 7.5% | n/a | n/a | 0.8 | 7.4% | -0.7% |
| 4 | UTI Conservative Hybrid Fund | 69 | 76 | 0.3% | 1.7% | 1.4% | 7.5% | 7.5% | 8.0% | 0.24 | 9.3% | -14.4% |
| 5 | UTI Aggressive Hybrid Fund | 47 | 65 | -0.6% | 0.9% | -0.8% | 9.7% | 10.6% | 11.6% | 0.31 | 14.3% | -32.4% |
| 6 | UTI CRISIL SDL Maturity April 2033 Index Fund | 66 | 60 | 1.2% | 2.5% | 5.4% | 7.0% | n/a | n/a | 0.21 | 7.5% | -2.2% |
| 7 | UTI Multi Asset Allocation Fund (this page) | 23 | 53 | -0.7% | 2.0% | 3.2% | 14.7% | 12.9% | 11.1% | 0.84 | 9.8% | -25.0% |
Lokesh Kulthia's full record
Lokesh Kulthia currently runs 20 funds, across FoF Domestic, Index Funds, Multi Asset Allocation, Sectoral/ Thematic, with about ₹46,189 Cr under management. The book's average King Score is 47.7/100. Their strongest fund by King Score is UTI Gold ETF Fund of Fund (82/100); UTI Multi Asset Allocation Fund ranks #6 of 20 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | UTI Gold ETF Fund of Fund | 88 | 82 | 0.8% | -2.2% | 37.2% | 36.0% | n/a | n/a | 1.44 | 34.3% | -16.8% |
| 2 | UTI Silver ETF Fund of Fund | 96 | 66 | -8.5% | -7.7% | 75.4% | 45.3% | n/a | n/a | 1.04 | 47.9% | -35.9% |
| 3 | UTI Nifty 500 Value 50 Index Fund | 39 | 65 | -5.3% | -0.4% | 10.6% | 21.1% | n/a | n/a | 0.65 | n/a | -22.6% |
| 4 | UTI Nifty50 Equal Weight Index Fund | 34 | 60 | -1.8% | 2.0% | -0.9% | 10.2% | n/a | n/a | 0.26 | n/a | -18.1% |
| 5 | UTI Nifty Next 50 Index Fund | 58 | 57 | -1.5% | 7.7% | 3.8% | 15.8% | 10.7% | n/a | 0.47 | 18.0% | -39.9% |
| 6 | UTI Multi Asset Allocation Fund (this page) | 23 | 53 | -0.7% | 2.0% | 3.2% | 14.7% | 12.9% | 11.1% | 0.84 | 9.8% | -25.0% |
| 7 | UTI Nifty 200 Momentum 30 Index Fund | 21 | 42 | -4.2% | 1.3% | -3.4% | 9.4% | 8.7% | n/a | 0.14 | 18.5% | -31.5% |
| 8 | UTI Nifty Midcap 150 Quality 50 Index Fund | 30 | 34 | -3.0% | 5.9% | -5.3% | 7.1% | n/a | n/a | 0.05 | 13.9% | -21.4% |
| 9 | UTI BSE Low Volatility Index Fund | 4 | 33 | -3.6% | -3.0% | -8.5% | 6.2% | n/a | n/a | -0.02 | 15.4% | -18.2% |
| 10 | UTI Nifty 50 Index Fund | 14 | 31 | -2.2% | -1.6% | -6.7% | 5.8% | 6.7% | 11.3% | -0.04 | 13.2% | -38.4% |
| 11 | UTI BSE Sensex Index Fund | 8 | 29 | -2.0% | -2.4% | -8.5% | 4.0% | n/a | n/a | -0.16 | 11.9% | -16.1% |
| 12 | UTI BSE Housing Index Fund | 3 | 20 | -4.7% | 1.2% | -12.2% | 5.4% | n/a | n/a | -0.04 | n/a | -26.5% |
| 13 | UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund | 67 | n/a | -1.3% | 10.3% | 2.7% | n/a | n/a | n/a | 0.23 | n/a | -16.9% |
| 14 | UTI Nifty Midcap 150 Index Fund | 66 | n/a | -0.8% | 8.0% | 3.8% | n/a | n/a | n/a | -0.19 | n/a | -18.9% |
| 15 | UTI Nifty India Manufacturing Index Fund | 49 | n/a | -1.6% | 5.1% | 4.3% | n/a | n/a | n/a | 0.48 | n/a | -11.5% |
| 16 | UTI Nifty Private Bank Index Fund | 45 | n/a | -1.4% | 4.1% | 2.1% | n/a | n/a | n/a | -0.34 | n/a | -17.3% |
| 17 | UTI Nifty Alpha Low-Volatility 30 Index Fund | 37 | n/a | -0.1% | 2.2% | -3.0% | n/a | n/a | n/a | -0.72 | n/a | -16.6% |
| 18 | UTI Nifty 200 Quality 30 Index Fund | 27 | n/a | -1.3% | 1.9% | -6.7% | n/a | n/a | n/a | -0.91 | n/a | -22.6% |
| 19 | UTI Quant Fund | 26 | n/a | -0.8% | 3.8% | -4.2% | n/a | n/a | n/a | -0.29 | n/a | -14.4% |
| 20 | UTI Nifty500 Shariah Index Fund | n/a | n/a | -2.1% | 3.5% | n/a | n/a | n/a | n/a | n/a | n/a | -9.2% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.78% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹6,922 Cr |
| Age | 13.7 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How UTI Multi Asset Allocation Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Multi Asset Allocation Fund | 97 | 86 | 16.5% |
| Nippon India Multi Asset Allocation Fund | 87 | 81 | 18.3% |
| Aditya Birla Sun Life Multi Asset Allocation Fund | 79 | 73 | 15.4% |
| quant Multi Asset Allocation Fund | 89 | 70 | 21.4% |
| SBI Multi Asset Allocation Fund | 64 | 65 | 14.5% |
| Baroda BNP Paribas Multi Asset Fund | 43 | 61 | 13.8% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
UTI Multi Asset Allocation Fund review: the bottom line
Related
Frequently asked questions
Is UTI Multi Asset Allocation Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, UTI Multi Asset Allocation Fund scores 53/100 on our King Score and RS 23/99 within its category, has compounded 14.74% a year over three years, and its worst drawdown was -25.02%. Compare those against your needs and the peer table above.
What is the NAV of UTI Multi Asset Allocation Fund today?
The latest NAV is ₹86.81 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the last 10 years return of UTI Multi Asset Allocation Fund?
Over the last 10 years UTI Multi Asset Allocation Fund has returned about 11.06% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹2.9 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
What is the expense ratio of UTI Multi Asset Allocation Fund?
The Direct-plan expense ratio is 0.78% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of UTI Multi Asset Allocation Fund?
UTI Multi Asset Allocation Fund is managed by Sharwan Goyal; Jaydeep Bhowal; Lokesh Kulthia.
Is UTI Multi Asset Allocation Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -25.02% - ₹1 lakh briefly becoming about ₹74,980. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is UTI Multi Asset Allocation Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹23.3 lakh (XIRR 12.54%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of UTI Multi Asset Allocation Fund?
A ₹10,000/month SIP over 10 years would have grown to about ₹2,326,354 (an XIRR of 12.54%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does UTI Multi Asset Allocation Fund rank among similar funds?
On 3-year returns it sits around the 81th percentile of its category, and its consistency ranks 20th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is UTI Multi Asset Allocation Fund tax-efficient / what about capital gains?
As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See UTI Multi Asset Allocation Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.