HDFC Multi-Asset Active FOF
FoF Domestic · HDFC Asset Management Company Limited
Among the 470 funds in its category, this one has grown money a bit faster than average. ₹1 lakh invested 5 years ago would be about ₹1.8 lakh today. Investing ₹10,000 every month for the last 5 years would have put in ₹6.1 lakh and grown it to about ₹8.4 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹91,930. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.HDFC Multi-Asset Active FOF is a FoF Domestic fund from HDFC Asset Management Company Limited. It has a track record of about 5.4 years. As of the latest data it carries an RS rating of 44/99 (its recent momentum versus category peers) and a King Score of 72/100 (a long-term quality composite). The current NAV is ₹20.54 (as of 2026-09-16).
Growth of ₹100 - last 5 years
HDFC Multi-Asset Active FOF returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -2.39% | -1.68% |
| 3 months | 1.02% | -0.37% |
| 6 months | 3.06% | 2.56% |
| 1 year | 5.31% | 18.46% |
| 3 years (CAGR) | 12.78% | 18.94% |
| 5 years (CAGR) | 12.72% | 13.11% |
The last 5 years return is 12.72% a year (₹1 lakh → ₹1.8 lakh), and the last 3 years return is 12.78% - behind its category's 18.94% average by 6.2 points. Its trailing one-year return is 5.31%. 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 | HDFC Multi-Asset Activ | Benchmark |
|---|---|---|
| 2022 | +10.4% | +3.0% |
| 2023 | +22.5% | +25.8% |
| 2024 | +15.2% | +15.2% |
| 2025 | +14.9% | +6.7% |
| 2026 | +0.9% | -5.8% |
HDFC Multi-Asset Active FOF beat its benchmark in 3 of the last 5 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 HDFC Multi-Asset Active FOF 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 | ₹426,284 | 9.41% |
| 5 years | ₹610,000 | ₹835,709 | 12.53% |
Over 5 years, ₹610,000 invested in monthly instalments would have grown to about ₹835,709 - an XIRR of 12.53%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -8.07% | -18.66% |
| Worst drawdown (3Y) | -8.07% | -15.66% |
| Volatility (1Y) | 10.18% | 23.47% |
| Sharpe (3Y) | 0.83 | 0.59 |
| Sortino (3Y) | 1.52 | 1.3 |
| Beta (3Y) | 0.46 | 0.39 |
| Alpha (3Y) | 5.47% | 12.5% |
| Up capture | 57.2% | 61.1% |
| Down capture | 35.9% | 21.88% |
| Bull-market return | 21.8% | 31.51% |
| Bear-market return | -6.1% | -5.21% |
Timing matters more than people admit: the best possible 1-year stretch in HDFC Multi-Asset Active FOF (starting 2023-09-27) gained 28.4%, while the worst (starting 2021-10-14) still made 2.8%. The worst peak-to-bottom fall HDFC Multi-Asset Active FOF has ever put investors through is -8.07% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -6.1% annualised, versus 21.8% in rising markets. It has captured roughly 57.2% of its benchmark's up-moves and 35.9% of its down-moves.
How HDFC Multi-Asset Active FOF behaves when markets fall
When the market is falling (the Nifty below its 200-day average), HDFC Multi-Asset Active FOF has historically returned about -6.1% annualised, versus roughly 21.8% when the market is rising. Its deepest fall on record is -8.07%. Right now it sits about 2.59% 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 HDFC Multi-Asset Active FOF ranks in its category
Percentile versus its ~470 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 | 16.85% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 14.09% |
| Median 5Y rolling CAGR | 13.95% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, HDFC Multi-Asset Active FOF returned a median of 16.85% a year, and 100.0% of those windows were positive.
Who manages HDFC Multi-Asset Active FOF - and how good are they?
HDFC Multi-Asset Active FOF is managed by Anil Bamboli, Srinivasan Ramamurthy and Bhagyesh Kagalkar. 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.
Anil Bamboli's full record
Anil Bamboli currently runs 10 funds, across Banking and PSU Fund, Dynamic Bond, Equity Savings, FoF Domestic and more, with about ₹47,557 Cr under management. The book's average King Score is 71.1/100. Their strongest fund by King Score is HDFC Medium Term Debt Fund (87/100); HDFC Multi-Asset Active FOF ranks #7 of 10 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 | HDFC Medium Term Debt Fund | 84 | 87 | 1.7% | 3.5% | 6.7% | 7.8% | 6.7% | 7.5% | 1.06 | 8.2% | -3.5% |
| 2 | HDFC Ultra Short Term Fund | 81 | 82 | 1.8% | 3.4% | 6.5% | 7.2% | 6.5% | n/a | 1.33 | 6.0% | -1.0% |
| 3 | HDFC Short Term Debt Fund | 78 | 80 | 1.2% | 2.8% | 5.7% | 7.5% | 6.5% | 7.4% | 0.94 | 7.9% | -2.7% |
| 4 | HDFC Banking and PSU Debt Fund | 66 | 79 | 1.0% | 2.6% | 5.2% | 7.1% | 6.2% | 7.2% | 0.46 | 7.9% | -3.1% |
| 5 | HDFC Equity Savings Fund | 64 | 75 | 0.7% | 1.9% | 2.4% | 8.0% | 8.1% | 9.6% | 0.3 | 11.4% | -16.9% |
| 6 | HDFC Gilt Fund | 52 | 75 | 0.9% | 1.8% | 3.5% | 6.3% | 5.4% | 6.0% | -0.07 | 7.3% | -11.9% |
| 7 | HDFC Multi-Asset Active FOF (this page) | 44 | 72 | 1.0% | 3.1% | 5.3% | 12.8% | 12.7% | n/a | 0.83 | 16.9% | -8.1% |
| 8 | HDFC Dynamic Debt Fund | 82 | 71 | 1.6% | 2.7% | 4.8% | 6.6% | 5.8% | 6.2% | 0.05 | 7.1% | -7.5% |
| 9 | HDFC Income Plus Arbitrage Active FOF | 52 | 45 | 1.4% | 2.8% | 5.7% | 8.5% | 10.2% | 11.2% | 0.39 | 13.0% | -23.1% |
| 10 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
Srinivasan Ramamurthy's full record
Srinivasan Ramamurthy currently runs 7 funds, across Aggressive Hybrid Fund, Conservative Hybrid Fund, Equity Savings, FoF Domestic and more, with about ₹49,203 Cr under management. The book's average King Score is 58.3/100. Their strongest fund by King Score is HDFC Hybrid Debt Fund (77/100); HDFC Multi-Asset Active FOF ranks #3 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 | HDFC Hybrid Debt Fund | 68 | 77 | 0.1% | 0.9% | 1.9% | 7.1% | 7.7% | 8.3% | 0.15 | 10.3% | -12.1% |
| 2 | HDFC Equity Savings Fund | 64 | 75 | 0.7% | 1.9% | 2.4% | 8.0% | 8.1% | 9.6% | 0.3 | 11.4% | -16.9% |
| 3 | HDFC Multi-Asset Active FOF (this page) | 44 | 72 | 1.0% | 3.1% | 5.3% | 12.8% | 12.7% | n/a | 0.83 | 16.9% | -8.1% |
| 4 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
| 5 | HDFC Hybrid Equity Fund | 39 | 44 | 0.2% | 0.3% | -4.7% | 5.8% | 7.9% | 10.1% | -0.07 | 13.0% | -33.6% |
| 6 | HDFC Housing Opportunities Fund | 7 | 37 | -3.9% | -0.4% | -6.7% | 8.4% | 10.8% | n/a | 0.11 | 18.1% | -42.2% |
| 7 | HDFC Diversified Equity All Cap Active FOF | n/a | n/a | 0.5% | 4.1% | n/a | n/a | n/a | n/a | n/a | n/a | -13.6% |
Bhagyesh Kagalkar's full record
Bhagyesh Kagalkar currently runs 2 funds, across FoF Domestic, Multi Asset Allocation, with about ₹11,808 Cr under management. The book's average King Score is 58.5/100. This fund is the highest-scored fund they run (King 72/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HDFC Multi-Asset Active FOF (this page) | 44 | 72 | 1.0% | 3.1% | 5.3% | 12.8% | 12.7% | n/a | 0.83 | 16.9% | -8.1% |
| 2 | HDFC Multi-Asset Fund | 22 | 45 | 0.2% | 0.6% | 2.7% | 11.3% | 10.7% | 11.4% | 0.62 | 12.9% | -27.1% |
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) | 0.14% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹100 |
| Fund size (AUM) | ₹5,920 Cr |
| Age | 5.4 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How HDFC Multi-Asset Active FOF compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| UTI Gold ETF Fund of Fund | 88 | 82 | 36.0% |
| Motilal Oswal Gold and Silver Passive Fund of Funds(Direct ) | 88 | 78 | 37.9% |
| LIC MF Gold ETF Fund of Fund | 74 | 78 | 35.5% |
| Edelweiss Gold and Silver ETF FOF | 88 | 77 | 40.5% |
| Nippon India Multi - Asset Omni FoF | 63 | 76 | 15.7% |
| Axis Silver Fund of Fund | 94 | 73 | 45.3% |
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.
HDFC Multi-Asset Active FOF review: the bottom line
Related
Frequently asked questions
Is HDFC Multi-Asset Active FOF a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, HDFC Multi-Asset Active FOF scores 72/100 on our King Score and RS 44/99 within its category, has compounded 12.78% a year over three years, and its worst drawdown was -8.07%. Compare those against your needs and the peer table above.
What is the NAV of HDFC Multi-Asset Active FOF today?
The latest NAV is ₹20.54 (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 expense ratio of HDFC Multi-Asset Active FOF?
The Direct-plan expense ratio is 0.14% 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 HDFC Multi-Asset Active FOF?
HDFC Multi-Asset Active FOF is managed by Anil Bamboli; Srinivasan Ramamurthy; Bhagyesh Kagalkar.
Is HDFC Multi-Asset Active FOF 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 -8.07% - ₹1 lakh briefly becoming about ₹91,930. As a index & fof, 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 HDFC Multi-Asset Active FOF 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 5 years grew ₹6.1 lakh into about ₹8.4 lakh (XIRR 12.53%). 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 HDFC Multi-Asset Active FOF?
A ₹10,000/month SIP over 5 years would have grown to about ₹835,709 (an XIRR of 12.53%) on ₹610,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does HDFC Multi-Asset Active FOF rank among similar funds?
On 3-year returns it sits around the 64th percentile of its category, and its consistency ranks 82th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is HDFC Multi-Asset Active FOF tax-efficient / what about capital gains?
As a index & fof, 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 HDFC Multi-Asset Active FOF 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.