HDFC Multi - Asset Allc Gr

Diversified

Hybrid

India Multi Asset

Others

Aggressive growth Investor Profile

Investor Profile

4–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Hdfc Multi - Asset Growth mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

HDFC Multi - Asset Allocation Growth is an equity flexi-cap fund which captures India's ₹200 trillion diversified opportunity through dynamic asset allocation, deploying capital across financials, industrials, and consumption to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund has demonstrated consistent downside protection across market cycles, outperforming its benchmark in 10 of the past 12 years.

Balanced Multi-Asset Approach

The fund's differentiated multi-asset allocation strategy, with a 60.6% equity tilt complemented by 17.2% cash and 11.0% bonds, provides a balanced risk-return profile.

Structural Growth Tailwinds

The fund's overweight exposure to financials (31.7%), consumer cyclicals (14.3%), and healthcare (9.6%) positions it to benefit from India's structural growth trends.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+10.4% vs +9.6% benchmarkSince Inception

+10.7% vs +5.6% benchmark3Y Annualized

+9.6% vs +5.5% benchmark5Y Annualized

HDFC Multi - Asset Allc Gr

Benchmark Index

Benchmark Performance Comparison

Hdfc Multi-Asset Fund

NIFTY 50 + FD Returns

Risk Profile

Standard Deviation9.7%

Maximum Drawdown-7.4% | Mar 2026

Sharpe Ratio0.11

Detailed Risks

Market Risk

Potential recession in India could dampen consumer demand, impacting fund's equity exposure.

Liquidity Risk

High mid-cap allocation could face liquidity stress during volatility spikes.

Concentration Risk

Concentrated sector bets could magnify downside from regulatory changes or competitive shifts.

Specific Strategy Risk

Asset allocation strategy vulnerable to divergent equity/debt performance impacting rebalancing.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Delivers dynamic asset allocation across equities, bonds, and cash to navigate varying market conditions. This multi-asset approach aims to capture upside in bull markets while providing downside protection during volatility. The impact is smoother returns and lower drawdowns compared to single-asset portfolios.

Broader Market View

Market Outlook

With equity markets appearing to normalize after the recent correction, the present environment offers an attractive entry point as consumption and earnings recover. Macro tailwinds such as reviving capex and credit growth align with the strategy's tilt towards consumer, financial services, and technology sectors, though competitive pressures and cyclicality pose risks.

Why This Strategy is Attractive Now

The strategy appears well-positioned, with exposure to market leaders across consumer cyclicals/defensives, financials, and technology. Its balanced approach combines growth opportunities and defensive positioning, while moderate beta and diversification across around 70 holdings could enhance risk-adjusted returns. This multi-cap, multi-sector approach may outperform generic strategies in the current environment.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their growth prospects.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can provide exposure to companies with resilient business models and pricing power, potentially offering a degree of defensiveness.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with strong fundamentals, including robust cash flow generation, high returns on invested capital, and sustainable competitive advantages. Selection: The process suggests a preference for companies with attractive growth prospects, as evidenced by consistent earnings growth and expanding market opportunities, while maintaining valuation discipline. Construction: The portfolio construction appears to emphasize diversification across sectors and market capitalizations, potentially mitigating concentration risk and providing a balanced exposure to various drivers of growth.

Portfolio Holdings Overview

SectoralAllocation

Financial Services30.52%

Capital Goods10.54%

Consumers19.36%

Utilities4.89%

Services15.85%

Energy & Infra11.66%

Technology7.18%

Geographic Allocation

Domestic97.77613%

International2.22388%

Top Stock Holdings

CompanySectorAllocation

HDFC Gold ETFUtilities10.89%

Cash Offset For DerivativesUtilities6.77%

Reliance Industries LtdEnergy & Infra5.18%

ICICI Bank LtdFinancial Services4.98%

HDFC Bank LtdFinancial Services4.38%

Treps - Tri-Party RepoUtilities3.69%

Bharti Airtel LtdServices3.29%

Axis Bank LtdFinancial Services2.47%

Kotak Mahindra Bank LtdFinancial Services2.35%

NTPC LtdUtilities1.95%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Bhagyesh Kagalkar

Mr. Bhagyesh Kagalkar has experience of 32 years. Manages 18 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹10,532 Cr Holds a MMS degree.

127 years

Combined Team Experience

₹ 14,40,965 Cr

Assets Under Management

Arun Agarwal

Co-Portfolio Manager

Mr. Arun Agarwal has experience of 29 years. Manages 120 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,56,735 Cr Holds a B.Com degree.

Anil Bamboli

Co-Portfolio Manager

Mr. Anil Bamboli has experience of 33 years. Manages 119 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,32,379 Cr Holds a MMS degree.

Nandita Menezes

Co-Portfolio Manager

Ms. Nandita Menezes has experience of 1 years. Manages 93 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,56,735 Cr

Dhruv Muchhal

Co-Portfolio Manager

Mr. Dhruv Muchhal has experience of 14 years. Manages 328 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹4,43,585 Cr Holds a B.Com degree.

Srinivasan Ramamurthy

Co-Portfolio Manager

Mr. Srinivasan Ramamurthy has experience of 19 years. Manages 61 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,40,998 Cr Holds a M.B.A. degree.

Arun Agarwal

Co-Portfolio Manager

Mr. Arun Agarwal has experience of 29 years. Manages 120 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,56,735 Cr Holds a B.Com degree.

Anil Bamboli

Co-Portfolio Manager

Mr. Anil Bamboli has experience of 33 years. Manages 119 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,32,379 Cr Holds a MMS degree.

Nandita Menezes

Co-Portfolio Manager

Ms. Nandita Menezes has experience of 1 years. Manages 93 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,56,735 Cr

Dhruv Muchhal

Co-Portfolio Manager

Mr. Dhruv Muchhal has experience of 14 years. Manages 328 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹4,43,585 Cr Holds a B.Com degree.

Srinivasan Ramamurthy

Co-Portfolio Manager

Mr. Srinivasan Ramamurthy has experience of 19 years. Manages 61 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,40,998 Cr Holds a M.B.A. degree.

CW Expert Take

HDFC Multi-Asset Allocation Growth combines equity and debt expertise in a balanced portfolio. Their investment philosophy emphasizes disciplined asset allocation frameworks to navigate market cycles. The fund house leverages deep research capabilities across asset classes, from equity sector insights to credit quality assessment. HDFC maintains a stable team that translates macro views into risk-adjusted positioning.

Investment Philosophy & Approach

Disciplined Approach

HDFC AMC follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in the investment process through diversification.

Long-Term Perspective

The fund house adopts a long-term perspective in capital allocation.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.03%

Exit Load1

Regulatory & Tax Information

INF179K01AP0

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)