Sundaram Multi Asset Allocation Fund
This hybrid fund is heavily tilted toward gold as a stability anchor—nearly a fifth of assets—while maintaining meaningful equity exposure concentrated in quality financials and large-cap industrials. The manager's recent portfolio churn signals a shift toward cyclical plays like commodities and infrastructure at the expense of consumer discretionary holdings, suggesting conviction in an economic upswing. The banking overweight alongside significant government securities provides ballast, positioning the fund for moderate growth with downside cushioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹13.1889 | +0.16% | +9.40% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| One 97 Communications Ltd | 0.87% |
| Oil & Natural Gas Corporation Ltd | 0.79% |
| Multi Commodity Exchange of India Ltd | 0.61% |
| Vedanta Ltd | 0.36% |
| Affle (India) Ltd | 0.28% |
| Aster DM Healthcare Ltd | 0.26% |
| Talwandi Sabo Power Ltd | 0.16% |
| Malco Energy Ltd | 0.16% |
| Vedanta Aluminium Metal Ltd | 0.16% |
| Vedanta Iron and Steel Ltd | 0.16% |
| Elecon Engineering Company Ltd | 0.16% |
| Patanjali Foods Ltd | 0.15% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | SBI-ETF GOLD INF200KA16D8 | 7.12% |
| 2 | HDFC Bank Ltd INE040A01034 | 5.94% |
| 3 | Reliance Industries Ltd INE002A01018 | 4.71% |
| 4 | ICICI Bank Ltd INE090A01021 | 4.58% |
| 5 | Nippon India ETF Gold Bees INF204KB17I5 | 4.43% |
| 6 | Larsen & Toubro Ltd INE018A01030 | 3.95% |
| 7 | Bharti Airtel Ltd INE397D01024 | 3.88% |
| 8 | Kotak Mutual Fund - Gold Exchange Traded Fund INF174KA1HJ8 | 3.67% |
| 9 | 7.38% Central Government Securities 20/06/2027* IN0020220037 | 3.25% |
| 10 | Mahindra & Mahindra Ltd INE101A01026 | 3.23% |
| 11 | HDFC Gold Exchange Traded Fund INF179KC1981 | 3.14% |
| 12 | Kotak Mahindra Bank Ltd INE237A01036 | 2.26% |
| 13 | Bajaj Finance Ltd INE296A01032 | 2.01% |
| 14 | DSP-GOLD ETF INF740KA1SW3 | 1.97% |
| 15 | 6.01% Central Government Securities 21/07/2030 IN0020250067 | 1.64% |
| 16 | 7.04% Central Government Securities 03/06/2029* IN0020240050 | 1.55% |
| 17 | State Bank of India INE062A01020 | 1.54% |
| 18 | Bharat Electronics Ltd INE263A01024 | 1.54% |
| 19 | Cholamandalam Investment and Finance Company Ltd INE121A01024 | 1.49% |
| 20 | PB Fintech Ltd INE417T01026 | 1.42% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Sundaram Multi Asset Allocation Fund hold?
Sundaram Multi Asset Allocation Fund holds 72 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 26.78% of NAV.
What is the largest holding in Sundaram Multi Asset Allocation Fund?
The largest position in Sundaram Multi Asset Allocation Fund is SBI-ETF GOLD, accounting for 7.12% of NAV.
Is Sundaram Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.496, Sundaram Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 28,463 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 26.78% of the portfolio.
What is the market cap allocation of Sundaram Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Sundaram Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 49.12%, Mid Cap: 10.00%, Small Cap: 5.13%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Sundaram Multi Asset Allocation Fund invest in most?
Sundaram Multi Asset Allocation Fund has the highest allocation to Banks (14.78%), Sovereign (10.12%), Automobiles (5.82%). The fund is invested across 33 sectors in total.
How actively managed is Sundaram Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Sundaram Multi Asset Allocation Fund has an Active Share of 63.65%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Sundaram Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Sundaram Multi Asset Allocation Fund added 12 new stocks (including One 97 Communications Ltd) and exited 5 stocks (including Trent Ltd). Total holding count increased from 68 to 75 stocks.