HDFC Multi-Asset Active FoF Regular Growth

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 Asset Allocator Fund Of Funds Growth mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

HDFC Multi-Asset Active FoF Regular Growth is an equity flexi-cap fund which captures India's diversified growth opportunities through a multi-asset approach, deploying capital across financials, consumer cyclicals, and technology to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund's multi-asset approach has delivered consistent downside protection, outperforming its benchmark in 9 of the past 12 years.

Diversified Sector Exposure

The fund's sector allocation is well-diversified, with significant exposure to defensive sectors like healthcare and consumer staples, complemented by growth-oriented technology and cyclical holdings.

Balanced Risk Profile

With a moderate volatility of 9.91 and a Sharpe ratio of 0.898, the fund offers a balanced risk-return profile suitable for core portfolio allocations.

Performance and Risk Analysis

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

Fund Performance

0.0% AnnuallyAlpha

+13.4% vs +9.5% benchmarkSince Inception

+12.3% vs +6.3% benchmark3Y Annualized

+12.1% vs +6.5% benchmark5Y Annualized

HDFC Multi-Asset Active FoF Regular Growth

Benchmark Index

Benchmark Performance Comparison

Hdfc Asset Allocator Fund

NIFTY 50 + FD Returns

Risk Profile

Standard Deviation10.0%

Maximum Drawdown-7.4% | Mar 2026

Sharpe Ratio0.04

Detailed Risks

Market Risk

Potential recession in India could dampen consumer demand, impacting fund holdings.

Liquidity Risk

High mid-cap exposure could face liquidity stress during market sell-offs.

Concentration Risk

Concentrated exposure to Indian equities leaves fund vulnerable to domestic risks.

Specific Strategy Risk

Regulatory changes impacting fund structure or taxation could disrupt strategy execution.

Strategy Details

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

Core Investment Theme

Provides multi-asset diversification across equity, debt, and alternative asset classes. This dynamic approach aims to capture upside from growth assets while mitigating downside through defensive allocations, adjusting exposures based on evolving market conditions.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent valuation correction. Consumption and earnings normalization, coupled with a revival in capital expenditure and credit growth, are aligning favorably with the strategy's tilt towards consumer, financial services, and technology sectors. While competitive pressures and margin cyclicality pose risks, the present environment offers an attractive entry point.

Why This Strategy is Attractive Now

The strategy seems well-positioned to capitalize on the current market dynamics. Its balanced exposure across consumer cyclicals, defensives, financials, and technology appears aligned with key beneficiaries of the unfolding recovery. The portfolio's diversification across approximately 70 holdings, including market leaders, coupled with its moderate beta and risk-adjusted approach, could allow for an attractive risk-reward profile at this juncture.

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 market environment characterized by economic uncertainty and elevated volatility, a Quality Growth approach can offer a compelling combination of resilience and upside participation, balancing defensive attributes with exposure to secular growth opportunities.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with strong fundamentals, sustainable competitive advantages, and attractive growth runways, sourced through rigorous fundamental research and analysis. Selection: The selection process suggests a preference for businesses with consistent profitability, robust cash flow generation, and reasonable valuations relative to their growth prospects, while also considering qualitative factors such as management quality and competitive positioning. Construction: The portfolio construction appears to emphasize diversification across sectors and market capitalizations, while maintaining a concentrated exposure to the highest-conviction ideas, potentially resulting in a moderate level of active share and portfolio turnover.

Portfolio Holdings Overview

SectoralAllocation

Consumers20.34%

Capital Goods13.73%

Utilities2.3%

Financial Services35.81%

Services14.62%

Technology8.59%

Energy & Infra4.62%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

HDFC Large Cap Dir GrUtilities18.20%

HDFC Flexi Cap Dir GrUtilities16.26%

HDFC Gold ETFUtilities11.87%

HDFC S/T Debt Dir GrUtilities9.04%

HDFC Corporate Bond Dir GrUtilities7.88%

HDFC Small Cap Dir GrUtilities5.95%

HDFC Low Duration Dir GrUtilities5.09%

HDFC M/T Debt Dir GrUtilities4.04%

HDFC Banking & Financial Svcs Dir GrUtilities3.66%

HDFC Large and Mid Cap Dir GrUtilities3.10%

Fund House Management

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

Fund Manager Track Record

Srinivasan Ramamurthy

Mr. Srinivasan Ramamurthy has experience of 18 years. Manages 67 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹2,40,998 Cr Holds a M.B.A. degree.

82 years

Combined Team Experience

₹ 4,83,910 Cr

Assets Under Management

Bhagyesh Kagalkar

Co-Portfolio Manager

Mr. Bhagyesh Kagalkar has experience of 31 years. Manages 16 funds at HDFC Asset Management Co Ltd with an AUM of approximately ₹10,532 Cr Holds a MMS degree.

Anil Bamboli

Co-Portfolio Manager

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

CW Expert Take

HDFC Multi-Asset Active FoF combines equity and debt expertise under one umbrella. Their investment philosophy emphasizes asset allocation with a focus on risk-adjusted returns across market cycles. The fund house leverages HDFC AMC's research depth and stable investment teams to construct multi-asset portfolios with disciplined frameworks. Their capabilities span large-cap equity selection, credit analysis in fixed income, and tactical allocation shifts based on valuation perspectives.

Investment Philosophy & Approach

Disciplined Approach

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

Risk Management

Robust risk management systems ensure prudent portfolio construction and diversification.

Long-Term Perspective

The fund house maintains 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)1.12%

Exit Load1

Regulatory & Tax Information

INF179KC1BD7

ISIN

DailyDealing Frequency

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

STCG | <1Year 20%%

Tax Implications (India)