HealthyDirect · GrowthFit for a long SIP
SBI MULTI ASSET ALLOCATION FUND
SBI Mutual FundHybrid Scheme - Multi Asset Allocation13.6 years
The scheme seeks to provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes.
- NAV
- 71.2828
- 26 Oct 2026
- 1Y
- +2.6%
- Trailing CAGR
- AUM
- ₹21,044.19 Cr
- 30 Sept 2026
- Volatility
- Low
- 6.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 26 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
13.6 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.68% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -17.6%. Ask whether you can hold through a similar fall.
Vs category
Watch
45% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Vandna Soni · 2.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 30.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 18%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+2.6%
- 3Y+13.7%
- 5Y+12.2%
- 10Y+11.5%
- SI+11.9%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-4.4%
- 3Y+8.1%
- 5Y+12.2%
- 10Y+12.5%
- Since inception
- +11.9%
- Calendar-day CAGR
- Excess 1Y
- +0.9%
- Category median, same plan and option
- 3Y win rate
- +45%
- Windows beating the median
- 3Y percentile
- 43
- Vs comparable share classes
- SIP 3Y XIRR
- +8.1%
- Simulated monthly SIP
- Worst rolling 3Y
- +1.3%
- 2559 daily-ending windows
- Median rolling 3Y
- +12.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2078 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -17.6%
- Worst peak-to-trough
- Current
- -6.0%
- Below last peak
- Current spell
- 270 days
- Days below latest peak
- Time below peak
- +74%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 286 recovered episodes
- Longest recovery
- 106 days
- Trough to prior peak
20 Feb 2020 – 23 Jun 2020
Trough 23 Mar 2020 · recovered in 92 days
-17.6%
29 Jan 2026 – open
Trough 23 Mar 2026 · not recovered
-8.6%
11 Apr 2022 – 17 Aug 2022
Trough 20 Jun 2022 · recovered in 58 days
-7.5%
26 Sept 2024 – 24 Apr 2025
Trough 3 Mar 2025 · recovered in 52 days
-6.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
43
Vs category
56
Consistency
49
Risk-adjusted
72
Drawdown
56
Mean
55
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
30 Sept 2026 · 135 holdings · top 10 are 30.8%.
- Top 5
- 21.8%
- Top 10
- 30.8%
- Largest holding
- 7.1%
- Effective holdings
- 52.2
Repo
Unspecified
7.1%
SBI ETF Gold
Unspecified
6.4%
SBI Silver ETF-Growth
Unspecified
3.6%
Brookfield India Real Estate Trust REIT
Real Estate
2.4%
Cholamandalam Investment & Finance Co.Ltd NCD
Financial
2.2%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Aditya Birla Sun Life Multi Asset Allocation Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +3.7%
- 3Y
- +15.3%
- Vol
- 9.8%
- Max DD
- -12.8%
- Sharpe
- 0.93
- 3Y win
- +59%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Kotak Multi Asset Allocation Fund
Kotak Mahindra Mutual Fund
- 1Y
- +3.7%
- 3Y
- +15.8%
- Vol
- 12.3%
- Max DD
- -13.8%
- Sharpe
- 0.76
- 3Y win
- +100%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Nippon India Multi Asset Allocation Fund
Nippon India Mutual Fund
- 1Y
- +3.2%
- 3Y
- +17.9%
- Vol
- 9.5%
- Max DD
- -10.8%
- Sharpe
- 1.10
- 3Y win
- +84%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
BANDHAN MULTI ASSET ALLOCATION FUND
Bandhan Mutual Fund
- 1Y
- +5.4%
- 3Y
- n/a
- Vol
- 9.2%
- Max DD
- -10.0%
- Sharpe
- 0.80
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher volatility · Higher TER · Lower trailing returns
Quant Multi Asset Allocation Fund
quant Mutual Fund
- 1Y
- +9.2%
- 3Y
- +21.8%
- Vol
- n/a
- Max DD
- -44.8%
- Sharpe
- n/a
- 3Y win
- +59%
- Higher win rate vs category
- Higher trailing returns
Caveat: Deeper drawdown · Higher TER