Live desk Get access

AI Fund Dissection

Pulling the NAV history from AMFI…Computing returns against the Nifty…Measuring drawdowns and consistency…Pricing the Direct-vs-Regular gap…Lining up category peers…

Sensai

Reading the tape…Pulling live market data…Setting the scene…

Nippon India Multi Asset Allocation Fund — Fund Dissection — Sensai

AI Fund Dissection

Compare Nippon India Multi Asset Allocation Fund against another fund →

Multi Asset AllocationRegular planNippon India

Nippon India Multi Asset Allocation Fund - Regular Plan - Growth Option

₹24.6082-0.35%

NAV as of 28 Jul 2026 · AMFI publishes T+1

Since inception

31 Aug 2020

ISIN

INF204KB16V0

AI briefing

What the numbers say

AI analysis

This is a multi-asset allocation hybrid fund that has consistently outperformed the Nifty 50 across various time periods, with particularly strong returns in the 1-year and 3-year periods. The fund demonstrates lower volatility compared to the market with a beta of 0.57 and has provided positive returns in all rolling 3-year periods analyzed.

The fund appears to employ a defensive strategy with significant downside protection (53% downside capture) while maintaining upside potential (62% upside capture). Its low beta and high Sharpe ratio (1.06) suggest a focus on capital preservation through diversification across asset classes, potentially including allocations to debt and gold alongside equities.

Suits

Risk-averse investors seeking capital preservation with moderate returns
Investors looking for diversification across asset classes within a single fund
Those who want equity exposure with lower volatility than direct market investments

Not for

Aggressive investors seeking maximum returns and high volatility

News & sentiment

What the press is saying

21 headlines · live

Neutral

21 headlines · 5 outlets · 7d

Tone · daily average

07-2307-29

Performance

Returns vs the index

AMFI data

Window	Fund	Nifty 50	Difference
1M	0.80%	-0.29%	+1.09%
3M	1.13%	-0.04%	+1.18%
6M	-1.28%	-5.36%	+4.08%
1YCAGR	13.92%	-2.82%	+16.74%
3YCAGR	17.50%	6.88%

SIP simulator

What a monthly SIP would have done

Monthly amount

For how long

Buys units at the actual published NAV on the same date each month, then computes XIRR over the real cash flows. Not a projection — this is what the SIP would have done.

₹5,000/mo × 60 months

XIRR 16.16%

You invested₹3.00 L

It became₹4.49 L

Gain+₹1.49 L+49.6%

After tax

What you'd actually keep

Rules + NAV

Tax treatment

Equity

LTCG 12.5% over ₹1.25L (held >1y); STCG 20%

Lock-in

None

Open-ended — redeem any day

₹10,00,000 lumpsum · 5 years at the fund's 14.9% CAGR

Grew to₹20.01 L

Gain₹10.01 L

Est. tax−₹1.09 L

Net in hand₹18.91 L10.9% of gain

Illustrative, using FY2025-26 rules on a hypothetical lumpsum at this fund's realised 5-year CAGR — not a projection or tax advice. Debt gains are added to your income and taxed at your slab (shown at 30%); your actual rate may differ. Surcharge and cess are excluded.

Risk profile

What it costs to hold

Computed

Volatility

9.5%

Annualised, daily NAV

Sharpe

1.06

Excess return per unit of risk

Sortino

1.36

Downside risk only

Max drawdown

-10.9%

29 Jan 2026 → 23 Mar 2026

Recovery

Not yet

Still below the prior peak

Best 1 year

36.8%

Rolling, any start date

Worst 1 year

-3.0%

Rolling, any start date

Worst-case entry

The unluckiest possible lumpsum: buy at the peak of , and you'd have watched it fall and waited just to break even. A monthly SIP would have softened this by buying through the fall; this is the lumpsum-at-the-top case.

Consistency

Not just one lucky window

Computed

Every 3-year holding period since inception — 144 overlapping windows. This is what the fund returned depending on when you happened to buy.

worst 13.4%median 17.0%best 22.4%

Positive 3y windows

100%

Of 144 windows tested

Median 3y CAGR

17.0%

The typical outcome, not the best one

Vs Nifty 50

How it behaves against the index

Computed

Beta

0.57

Moves less than the index

Alpha

+6.19%

Annualised, risk-adjusted

Correlation

0.85

1.0 = moves in lockstep

Upside capture

62%

Of index gains captured

Downside capture

53%

Of index falls absorbed

Capture below 100% on the downside and above it on the upside is the pattern investors pay for. Alpha assumes a 6.5% risk-free rate. Measured against the Nifty 50— the category-appropriate index, though not necessarily this fund's exact stated benchmark.

Cost of advice

Direct vs Regular

Derived from NAV

Window	Direct	Regular	Drag
1Y	15.16%	13.92%	1.24%
3Y	18.90%	17.50%	1.40%
5Y	16.34%	14.88%	1.46%

₹10,00,000 held 5 years

Direct plan₹21.31 L

Regular plan₹20.01 L

Against its peers

AMFI data

Fund	1Y	3Y	5Y	Volatility
Nippon Indiathis fund	13.9%	17.5%	14.9%	9.5%
UTI	6.6%	15.1%	13.3%	12.0%
SBI	11.7%	15.1%	13.1%	5.7%
ICICI Prudential

Category rank

Where it sits among Multi Asset Allocation funds

AMFI data

5-year return

14.9% CAGR

86th percentile

Out-returned 86% of its category.

Calm (low volatility)

9.5% vol

70th percentile

Steadier than 70% of its category.

Ranked against 8 same-category Direct-Growth schemes (the largest AMCs in Multi Asset Allocation by scheme count). A high return percentile with a high calm percentile is the rare combination — most funds trade one for the other. Percentile is of this sample, not the whole category.

Both sides

The case for and against

AI analysis

What the numbers support

Consistent outperformance against benchmark across multiple time horizons
100% positive rolling 3-year returns indicate strong long-term resilience
Lower drawdown (-10.9%) compared to market during volatile periods

What they warn about

Significant expense drag (1.24-1.46% annually) compared to direct plans
Moderate upside capture (62%) means it may not fully participate in strong bull markets
The fund has not yet recovered from its maximum drawdown period (Jan-Mar 2026)

Not shown, and why

Portfolio holdings, sector allocation, AUM, expense ratio and the fund manager are absent because no free machine-readable feed publishes them — SEBI mandates monthly disclosure, but each AMC posts its own spreadsheet. Rather than estimate them, this page shows only what AMFI's published NAV series can prove. The cost section derives the expense difference from Direct vs Regular NAVs instead.

NAV as of 28 Jul 2026 · AMFI publishes T+1 · Educational only, not investment advice.

Important disclaimer

Sensai publishes educational market commentary, not investment advice. We are not SEBI-registered investment advisers or research analysts, and nothing here is a recommendation to buy, sell, or hold any security.

Live prices, index levels, and other market data are pulled from third-party feeds, may be delayed, and can be inaccurate or unavailable. Do not rely on them for trading decisions.

Investing in equities carries risk, including the loss of principal. Always do your own research and consider consulting a SEBI-registered adviser before making any investment decision.