Funds / Mutual Funds / Scheme 148457
Nippon India Multi Asset Allocation Fund
Direct Plan · Growth Option · Nippon India Mutual Fund · scheme code 148457 · ISIN INF204KB19V4
- Scheme code
- 148457
- Latest NAV
- ₹27.1044
- NAV date
- 23 Sep 2026
- Fund house
- Nippon India Mutual Fund
Reading this dossier
Data, not advice. These pages show NAV history, category and computed returns as published by AMFI, so funds can be compared side by side. StockProof does not rank funds, does not score them, and does not recommend buying, selling or holding any of them. Past NAV movement is not an indication of future returns.
Fund names here are CURRENT names, not the name the fund had on the date shown. AMFI retroactively restates historical scheme names to whatever the fund is called today: its own April 2006 file lists schemes under "Nippon India Mutual Fund", a fund house that did not exist until 2019 (it was Reliance). Measured on 2026-08-29, all 1,947 scheme codes present in both AMFI's 2018 and 2026 files showed zero name changes — not because renames are rare in the Indian fund industry, but because the history is rewritten. StockProof stores and shows only the current name and does not attempt to reconstruct point-in-time names, because AMFI publishes nothing that would make that possible. The NAV figures themselves are as published for each date and are not restated.
Long-window returns are measured only over funds that still exist. Of the 1,790 scheme codes AMFI priced in April 2006, only 568 (31%) were still being priced in 2026. Funds that closed or merged are not in a long-period comparison, so any group of surviving funds looks better than the choice an investor actually faced at the time.
Benchmark, benchmark return and AUM figures on this page are AMFI's own published disclosure — the same SEBI-mandated benchmark every fund must declare and report against, sourced from AMFI's Fund Performance data. StockProof does not compute the benchmark return itself: it shows the number AMFI and the fund house publish, exactly as published. StockProof does not rank funds or benchmarks by this figure, and this is not a recommendation to buy, sell or hold anything.
This section is matched to the scheme above by FUND NAME, not by scheme code or ISIN — AMFI's benchmark-disclosure API carries neither, unlike its NAV files. Measured 2026-08-29 across the whole universe, this name match succeeds for about 86% of funds; most misses are small spelling or punctuation drift between AMFI's own two systems, not a wrong match — a fund with no match here simply shows no data rather than another fund's. One disclosed row also covers BOTH the Regular and Direct plan of a fund together, because that is the granularity AMFI itself publishes at — one level coarser than the per-plan scheme codes StockProof otherwise tracks.
Scheme
| Latest NAV | ₹27.1044 |
|---|---|
| NAV date | 23 Sep 2026 |
| Category | Hybrid · Multi Asset Allocation |
| Structure | Open Ended |
| Status | Open — priced in AMFI's latest file |
| As published by AMFI | Open Ended Schemes(Hybrid Scheme - Multi Asset Allocation)
StockProof normalizes AMFI's 104 category spellings onto 56 categories; this is the raw string behind the one shown above. |
| Stored NAV history | 750 points, 01 Sep 2023 → 23 Sep 2026 |
Benchmark & AUM
| Benchmark | 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver |
|---|---|
| Daily AUM | ₹179.89 Bn |
| As of | 27 Aug 2026 |
| Riskometer — scheme | Very High |
| Riskometer — benchmark | Very High |
Fund vs benchmark
Regular and Direct are the plan's own trailing return; Benchmark is the same window's return on the declared benchmark above, as published by AMFI. A window is blank when AMFI has not published it for this fund, most often because the fund has not existed that long.
| Window | Regular | Direct | Benchmark |
|---|---|---|---|
| 1 Year | 16.78% | 18.03% | — |
| 3 Year | 19.16% | 20.57% | — |
| 5 Year | 14.99% | 16.44% | — |
| 10 Year | — | — | — |
| Since launch | 16.86% | 18.40% | see below |
"Since launch" benchmark return is shown per plan, not as one column above — the Regular and Direct plan of a fund can launch on different dates, so each is benchmarked over its own window: Regular —, Direct —.
Returns (CAGR)
Compound annual growth of NAV over each trailing window, computed from stored history with the same function the company pages use. A window is only shown as a number when the stored history genuinely reaches back that far — it is never computed over a shorter span and labelled as the longer one.
| Window | CAGR | Basis |
|---|---|---|
| 1-year | 11.21% | NAV 24.3749 on 23 Sep 2025 to 27.1044 on 23 Sep 2026 (1-year, AMFI) |
| 3-year | 19.36% | NAV 15.9277 on 22 Sep 2023 to 27.1044 on 23 Sep 2026 (3-year, AMFI) |
| 5-year | N/A | Stored NAV history starts 01 Sep 2023, which does not reach back a full 5 years from 23 Sep 2026. |
| 10-year | N/A | Stored NAV history starts 01 Sep 2023, which does not reach back a full 10 years from 23 Sep 2026. |
| Since stored history begins | 19.01% | NAV 15.9093 on 01 Sep 2023 to 27.1044 on 23 Sep 2026 (3.1 years stored, AMFI) |
"Since stored history begins" is deliberately not called "since inception" — AMFI publishes no NAV before 1 April 2006, so for an older fund its true inception NAV is not in any public AMFI feed.
Holdings X-ray
These holdings are the fund house's own SEBI-mandated monthly portfolio disclosure, read from the file the AMC publishes and shown as published. StockProof does not estimate, model or infer a single holding. The portfolio is a SNAPSHOT on the date shown — usually a month-end — and a fund can and does trade in between, so what it holds today is not necessarily what is listed here. Nothing on this page ranks funds, scores them, or recommends buying, selling or holding anything.
StockProof can only link a holding to a company page if that company is in the Nifty 500 universe it tracks. Everything the fund disclosed is listed here either way — holdings outside that universe are shown with their real names and weights and counted explicitly as "outside tracked universe", never dropped. Two coverage figures are given because they can differ enormously and either one alone is misleading: the share of holding LINES that link, and the share of disclosed WEIGHT that links. Parag Parikh Flexi Cap Fund is the standing example — under half its lines link, but around three-quarters of its weight does, because its unlinked positions are a handful of very large US holdings.
Coverage varies enormously by fund type and low coverage is a fact about the universe boundary, not a defect. Large-cap, flexi-cap and index funds typically X-ray at over 90% of disclosed weight; small-cap funds fall to roughly 44–75%, because much of what they own sits below the Nifty 500; and a pure debt fund links at zero, because bonds are not companies in StockProof's universe at all. Read the coverage figure before reading the holdings: at 45% coverage the listed companies are a minority of the fund.
The disclosed holdings usually do not add to 100% of the fund. The remainder is cash, TREPS, repo and derivative margin, which the AMC reports without a security line. Weights here are the AMC's own "% to NAV" figures, so they are shares of the WHOLE fund and can be added up directly — but the total falling short of 100% is normal and is shown rather than scaled away.
Holdings are matched to companies by ISIN — the security's own permanent identifier, never by name — so a matched company is the security the fund disclosed and not a guess. The FUND itself is matched to this page by NAME, which is weaker: measured 2026-08-30 across 625 portfolios, that name match succeeds for about 91% of funds, because the AMC's file carries no AMFI scheme code. A fund with no match simply shows no holdings section rather than another fund's. One disclosed portfolio also covers every plan and option of a fund at once, since that is the granularity the fund house publishes at.
How much of this fund StockProof can show
| Of the weight the fund disclosed, tracked | 55.4% | 52.4% of NAV, out of the 94.5% the fund disclosed in security lines |
|---|---|---|
| Of the holding lines disclosed, tracked | 45.0% | 76 of 169 positions. This can differ sharply from the weight figure above — a few very large untracked holdings move one and not the other. |
| Outside StockProof's tracked universe | 93 | 42.1% of NAV — listed in full below with real names and weights, never dropped |
| Not in any security line | 5.5% | cash, TREPS, repo and derivative margin, which the fund house reports without a security line |
Portfolio as disclosed by Nippon India Multi Asset Allocation Fund on 31 Aug 2026, read from the fund house's own published file (sheet MF). The unit check passed: 94.48% of NAV over 168 lines is consistent with 'fraction'.
| Holding | Industry / rating | % of NAV | Tracked |
|---|---|---|---|
| 7.4% ICICI Bank Ltd BASEL III Tier2(MD28/11/2040)C INE090A08UN9 | 0.08000072514 | — | outside tracked universe |
| Nippon India ETF Gold Bees INF204KB17I5 | — | 8.34% | outside tracked universe |
| iShares MSCI World ETF US4642863926 | — | 4.56% | outside tracked universe |
| ICICI Bank Limited INE090A01021 | Banks | 3.80% | on StockProof |
| HDFC Bank Limited INE040A01034 | Banks | 2.98% | on StockProof |
| Nippon India Silver ETF INF204KC1402 | — | 2.89% | outside tracked universe |
| Axis Bank Limited INE238A01034 | Banks | 2.22% | on StockProof |
| State Bank of India INE062A01020 | Banks | 1.88% | on StockProof |
| Eternal Limited INE758T01015 | Retailing | 1.69% | on StockProof |
| Mahindra & Mahindra Limited INE101A01026 | Automobiles | 1.60% | on StockProof |
| Infosys Limited INE009A01021 | IT - Software | 1.54% | on StockProof |
| Info Edge (India) Limited INE663F01032 | Retailing | 1.53% | on StockProof |
| Reliance Industries Limited INE002A01018 | Petroleum Products | 1.46% | on StockProof |
| Hindustan Aeronautics Limited INE066F01020 | Aerospace & Defense | 1.39% | on StockProof |
| Trent Limited INE849A01020 | Retailing | 1.37% | on StockProof |
| Hindustan Unilever Limited INE030A01027 | Diversified FMCG | 1.18% | on StockProof |
| Kotak Mahindra Bank Limited INE237A01036 | Banks | 1.17% | on StockProof |
| 364 Days Tbill IN002025Z302 | — | 1.10% | outside tracked universe |
| Bajaj Auto Limited INE917I01010 | Automobiles | 1.08% | on StockProof |
| NTPC Limited INE733E01010 | Power | 1.02% | on StockProof |
| Varun Beverages Limited INE200M01039 | Beverages | 0.98% | on StockProof |
| LG Electronics India Ltd INE324D01010 | Consumer Durables | 0.95% | on StockProof |
| Swiggy Limited INE00H001014 | Retailing | 0.91% | on StockProof |
| Titan Company Limited INE280A01028 | Consumer Durables | 0.90% | on StockProof |
| Muthoot Finance Limited** INE414G07JZ7 | CRISIL AA+ | 0.88% | outside tracked universe |
| Oil & Natural Gas Corporation Limited INE213A01029 | Oil | 0.84% | on StockProof |
| Jubilant Foodworks Limited INE797F01020 | Leisure Services | 0.83% | on StockProof |
| Sun Pharmaceutical Industries Limited INE044A01036 | Pharmaceuticals & Biotechnology | 0.77% | on StockProof |
| Altius Telecom Infrastructure Trust INE0BWS23018 | Telecom - Services | 0.74% | outside tracked universe |
| Bajaj Finserv Limited INE918I01026 | Finance | 0.71% | on StockProof |
| 8.15% Tata Capital Limited** INE976I07DF6 | CRISIL AAA | 0.70% | outside tracked universe |
| Devyani International Limited INE872J01023 | Leisure Services | 0.70% | on StockProof |
| Knowledge Realty Trust INE1JAR25012 | Realty | 0.70% | outside tracked universe |
| 6.84% State Government Securities IN2920190443 | SOVEREIGN | 0.69% | outside tracked universe |
| 91 Days Tbill IN002026X115 | — | 0.69% | outside tracked universe |
| Life Insurance Corporation Of India INE0J1Y01017 | Insurance | 0.69% | outside tracked universe |
| Samvardhana Motherson International Limited INE775A01035 | Auto Components | 0.69% | on StockProof |
| Siemens Energy India Limited INE1NPP01017 | Electrical Equipment | 0.68% | on StockProof |
| Avenue Supermarts Limited INE192R01011 | Retailing | 0.64% | on StockProof |
| Hyundai Motor India Ltd INE0V6F01027 | Automobiles | 0.64% | on StockProof |
| Bharti Airtel Limited INE397D01024 | Telecom - Services | 0.63% | on StockProof |
| Shriram Finance Limited INE721A01047 | Finance | 0.60% | on StockProof |
| 8.95% Vedanta Limited** INE205A08095 | CRISIL AA+ | 0.59% | outside tracked universe |
| Cholamandalam Financial Holdings Limited INE149A01033 | Finance | 0.58% | on StockProof |
| HDFC Asset Management Company Limited INE127D01025 | Capital Markets | 0.58% | on StockProof |
| 6.94% Government of India IN0020260025 | SOVEREIGN | 0.56% | outside tracked universe |
| 7.67% State Government Securities IN1020220126 | SOVEREIGN | 0.56% | outside tracked universe |
| 7.28% REC Limited INE020B08GI3 | CRISIL AAA | 0.55% | outside tracked universe |
| 91 Days Tbill IN002026X149 | — | 0.55% | outside tracked universe |
| Muthoot Finance Limited** INE414G07KC4 | CRISIL AA+ | 0.55% | outside tracked universe |
| 7.17% Government of India IN0020230036 | SOVEREIGN | 0.54% | outside tracked universe |
| 7.79% Bajaj Finance Limited** INE296A07UC7 | CRISIL AAA | 0.54% | outside tracked universe |
| Tata Consumer Products Limited INE192A01025 | Agricultural Food & other Products | 0.54% | on StockProof |
| Cube Highways Trust-InvIT Fund INE0NR623014 | Transport Infrastructure | 0.50% | outside tracked universe |
| Jindal Steel Limited INE749A01030 | Ferrous Metals | 0.50% | on StockProof |
| 7.51% State Government Securities IN1520260127 | SOVEREIGN | 0.49% | outside tracked universe |
| Bharat Dynamics Limited INE171Z01026 | Aerospace & Defense | 0.47% | on StockProof |
| ITC Limited INE154A01025 | Diversified FMCG | 0.47% | on StockProof |
| Bluestone Jewellery and Lifestyle Limited INE304W01038 | Consumer Durables | 0.45% | outside tracked universe |
| InterGlobe Aviation Limited INE646L01027 | Transport Services | 0.45% | on StockProof |
| 7.44% National Bank For Agriculture and Rural Development** INE261F08EU4 | CRISIL AAA | 0.44% | outside tracked universe |
| Bajaj Finance Limited INE296A01032 | Finance | 0.44% | on StockProof |
| Balkrishna Industries Limited INE787D01026 | Auto Components | 0.44% | on StockProof |
| Indus Infra Trust INE0NHL23019 | Transport Infrastructure | 0.44% | outside tracked universe |
| Vedanta Aluminium Metal Limited INE1CDF01017 | Non - Ferrous Metals | 0.44% | outside tracked universe |
| GE Vernova T&D India Limited INE200A01026 | Electrical Equipment | 0.43% | on StockProof |
| ZF Commercial Vehicle Control Systems India Limited INE342J01019 | Auto Components | 0.43% | on StockProof |
| Cholamandalam Investment and Finance Company Ltd** INE121A07SU3 | ICRA AA+ | 0.42% | outside tracked universe |
| 7.29% Small Industries Dev Bank of India INE556F08LG1 | CRISIL AAA | 0.41% | outside tracked universe |
| 91 Days Tbill IN002026X172 | — | 0.41% | outside tracked universe |
| IndiGrid Infrastructure Trust INE219X23014 | Power | 0.41% | outside tracked universe |
| Tech Mahindra Limited INE669C01036 | IT - Software | 0.40% | on StockProof |
| Coforge Limited INE591G01025 | IT - Software | 0.39% | on StockProof |
| FSN E-Commerce Ventures Limited INE388Y01029 | Retailing | 0.39% | on StockProof |
| United Spirits Limited INE854D01024 | Beverages | 0.37% | on StockProof |
| HDFC Life Insurance Company Limited INE795G01014 | Insurance | 0.36% | outside tracked universe |
| Kirloskar Oil Engines Limited INE146L01010 | Industrial Products | 0.35% | on StockProof |
| RBL Bank Limited INE976G01028 | Banks | 0.35% | on StockProof |
| Apollo Hospitals Enterprise Limited INE437A01024 | Healthcare Services | 0.34% | on StockProof |
| Grasim Industries Limited INE047A01021 | Cement & Cement Products | 0.34% | on StockProof |
| Mankind Pharma Limited INE634S01028 | Pharmaceuticals & Biotechnology | 0.34% | on StockProof |
| Power Finance Corporation Limited INE134E01011 | Finance | 0.34% | on StockProof |
| Tube Investments of India Limited INE974X01010 | Auto Components | 0.34% | on StockProof |
| 8.2% Adani Power Limited** INE814H07208 | CRISIL AA | 0.33% | outside tracked universe |
| KFin Technologies Limited INE138Y01010 | Capital Markets | 0.33% | on StockProof |
| 8.8% REC Limited** INE020B08BS3 | CRISIL AAA | 0.32% | outside tracked universe |
| L&T Finance Limited INE498L01015 | Finance | 0.32% | on StockProof |
| 7.48% National Bank For Agriculture and Rural Development INE261F08EO7 | CRISIL AAA | 0.30% | outside tracked universe |
| ICICI Prudential Asset Management Company Limited INE346A01027 | Capital Markets | 0.30% | on StockProof |
| NTPC Green Energy Limited INE0ONG01011 | Power | 0.30% | on StockProof |
| TBO Tek Limited INE673O01025 | Leisure Services | 0.30% | on StockProof |
| JSW Kalinga Steel Limited** INE2QI808033 | CRISIL AA | 0.29% | outside tracked universe |
| 7.61% Small Industries Dev Bank of India** INE556F08LD8 | CRISIL AAA | 0.28% | outside tracked universe |
| 7.68% National Bank For Agriculture and Rural Development** INE261F08EG3 | CRISIL AAA | 0.28% | outside tracked universe |
| 7.6% Power Finance Corporation Limited** INE134E08MX3 | CRISIL AAA | 0.28% | outside tracked universe |
| 7.79% Tata Capital Housing Finance Limited** INE033L07IU8 | CRISIL AAA | 0.28% | outside tracked universe |
| 7.83% Small Industries Dev Bank of India** INE556F08KL3 | CRISIL AAA | 0.28% | outside tracked universe |
| 7.88% Tata Capital Limited INE976I07DG4 | CRISIL AAA | 0.28% | outside tracked universe |
| 7.8% State Government Securities IN1520220022 | SOVEREIGN | 0.28% | outside tracked universe |
| 8.65% Bharti Telecom Limited** INE403D08231 | CRISIL AAA | 0.28% | outside tracked universe |
| Acme Solar Holdings Ltd INE622W01025 | Power | 0.28% | on StockProof |
| Piramal Finance Limited INE202B01038 | Finance | 0.28% | on StockProof |
| Tata Capital Limited** INE976I07DE9 | CRISIL AAA | 0.28% | outside tracked universe |
| Vedanta Limited INE205A01025 | Diversified Metals | 0.28% | on StockProof |
| 7.16% National Bank For Agriculture and Rural Development** INE261F08EV2 | ICRA AAA | 0.27% | outside tracked universe |
| 7.27% Power Finance Corporation Limited** INE134E08ND3 | CRISIL AAA | 0.27% | outside tracked universe |
| 7.7% Nuvoco Vistas Corporation Limited** INE118D08078 | CRISIL AA | 0.27% | outside tracked universe |
| 9.05% Veritas Finance Private Limited** INE448U07356 | CARE AA- | 0.27% | outside tracked universe |
| National Bank For Agriculture and Rural Development INE261F16AD1 | CRISIL A1+ | 0.27% | outside tracked universe |
| One 97 Communications Limited INE982J01020 | Financial Technology (Fintech) | 0.27% | on StockProof |
| Delhivery Limited INE148O01028 | Transport Services | 0.26% | on StockProof |
| Sai Life Sciences Limited INE570L01029 | Pharmaceuticals & Biotechnology | 0.26% | on StockProof |
| 7.72% State Government Securities IN2120220057 | SOVEREIGN | 0.25% | outside tracked universe |
| 8% Adani Power Limited** INE814H07190 | CRISIL AA | 0.25% | outside tracked universe |
| Britannia Industries Limited INE216A01030 | Food Products | 0.25% | on StockProof |
| 9.75% Delhi International Airport Limited** INE657H08035 | ICRA AA | 0.24% | outside tracked universe |
| Max Financial Services Limited INE180A01020 | Insurance | 0.24% | on StockProof |
| Raajmarg Infra Investment Trust INE2PB023011 | Transport Infrastructure | 0.23% | outside tracked universe |
| 7.08% State Government Securities IN3320200295 | SOVEREIGN | 0.22% | outside tracked universe |
| 8.15% JIO Credit Limited** INE282H07067 | CRISIL AAA | 0.22% | outside tracked universe |
| Kaynes Technology India Limited INE918Z01012 | Industrial Manufacturing | 0.22% | on StockProof |
| Hindustan Petroleum Corporation Limited INE094A01015 | Petroleum Products | 0.21% | on StockProof |
| Kansai Nerolac Paints Limited INE531A01024 | Consumer Durables | 0.21% | outside tracked universe |
| UltraTech Cement Limited INE481G01011 | Cement & Cement Products | 0.21% | on StockProof |
| Mazagon Dock Shipbuilders Limited INE249Z01020 | Industrial Manufacturing | 0.20% | on StockProof |
| SBI Funds Management Limited INE640G01020 | Capital Markets | 0.20% | outside tracked universe |
| 7.55% L&T Metro Rail (Hyderabad) Limited** INE128M08094 | CRISIL AAA(CE) | 0.19% | outside tracked universe |
| 7.61% Kotak Mahindra Investments Limited INE975F07JB0 | CRISIL AAA | 0.19% | outside tracked universe |
| 7.8% Torrent Pharmaceuticals Limited** INE685A07173 | ICRA AA+ | 0.19% | outside tracked universe |
| Global Health Limited INE474Q01031 | Healthcare Services | 0.19% | on StockProof |
| Liquid Gold Series** INE2R5L15013 | CRISIL AAA(SO) | 0.19% | outside tracked universe |
| NLC India Limited INE589A01014 | Power | 0.18% | on StockProof |
| PTC India Limited INE877F01012 | Power | 0.18% | outside tracked universe |
| Sanofi Consumer Healthcare India Limited INE0UOS01011 | Pharmaceuticals & Biotechnology | 0.18% | outside tracked universe |
| Prestige Estates Projects Limited INE811K01011 | Realty | 0.17% | on StockProof |
| SRF Limited INE647A01010 | Chemicals & Petrochemicals | 0.17% | on StockProof |
| Alkem Laboratories Limited INE540L01014 | Pharmaceuticals & Biotechnology | 0.16% | on StockProof |
| Persistent Systems Limited INE262H01021 | IT - Software | 0.16% | on StockProof |
| Cyient Dlm Ltd INE055S01018 | Aerospace & Defense | 0.15% | outside tracked universe |
| DLF Limited INE271C01023 | Realty | 0.15% | on StockProof |
| JTPM Metal Traders Limited** INE02PE08036 | CRISIL AA | 0.15% | outside tracked universe |
| Max Estates Limited INE03EI01018 | Realty | 0.15% | outside tracked universe |
| TeamLease Services Limited INE985S01024 | Commercial Services & Supplies | 0.15% | outside tracked universe |
| 7.15% State Government Securities IN2920200796 | SOVEREIGN | 0.14% | outside tracked universe |
| 7.4% Bharti Telecom Limited** INE403D08298 | CRISIL AAA | 0.14% | outside tracked universe |
| 7.94% ICICI Home Finance Company Limited** INE071G07736 | ICRA AAA | 0.14% | outside tracked universe |
| 8.1% Torrent Power Limited** INE813H07432 | CRISIL AA+ | 0.14% | outside tracked universe |
| 8.41% Housing & Urban Development Corporation Limited** INE031A08699 | ICRA AAA | 0.14% | outside tracked universe |
| Arvind Fashions Limited INE955V01021 | Retailing | 0.14% | outside tracked universe |
| Mahindra & Mahindra Financial Services Limited** INE774D07VP7 | CRISIL AAA | 0.14% | outside tracked universe |
| Small Industries Dev Bank of India** INE556F08LE6 | CRISIL AAA | 0.14% | outside tracked universe |
| 7.4% ICICI Bank Limited** INE090A08UN9 | ICRA AAA | 0.13% | outside tracked universe |
| Thomas Cook (India) Limited INE332A01027 | Leisure Services | 0.13% | outside tracked universe |
| 7.1% State Government Securities IN1920210219 | SOVEREIGN | 0.11% | outside tracked universe |
| 8.4% Godrej Housing Finance Limited** INE02JD07041 | CRISIL AA+ | 0.11% | outside tracked universe |
| 7.77% State Government Securities IN1020230612 | SOVEREIGN | 0.08% | outside tracked universe |
| 7.96% HDB Financial Services Limited** INE756I07FB6 | CRISIL AAA | 0.08% | outside tracked universe |
| 6.75% State Government Securities IN1320210033 | SOVEREIGN | 0.06% | outside tracked universe |
| 7.7% State Government Securities IN2220230162 | SOVEREIGN | 0.06% | outside tracked universe |
| 7.91% State Government Securities IN2220260029 | SOVEREIGN | 0.06% | outside tracked universe |
| National Highways Infra Trust** INE0H7R07066 | CARE AAA | 0.06% | outside tracked universe |
| 6.85% State Government Securities IN2920200622 | SOVEREIGN | 0.05% | outside tracked universe |
| 7.17% State Government Securities IN3120240574 | SOVEREIGN | 0.05% | outside tracked universe |
| National Highways Infra Trust** INE0H7R07058 | CARE AAA | 0.05% | outside tracked universe |
| 6.85% National Bank For Agriculture and Rural Development** INE261F08DA8 | ICRA AAA | 0.04% | outside tracked universe |
| 7.59% State Government Securities IN2120220081 | SOVEREIGN | 0.03% | outside tracked universe |
| 7.62% National Bank For Agriculture and Rural Development INE261F08DV4 | CRISIL AAA | 0.03% | outside tracked universe |
| 7.73% State Government Securities IN1920230175 | SOVEREIGN | 0.03% | outside tracked universe |
| 7.6% Torrent Pharmaceuticals Limited** INE685A07157 | ICRA AA+ | 0.01% | outside tracked universe |
Every line the fund house disclosed is listed above, in the order it weighs. Weights are the fund house's own "% to NAV" figures, normalised to a percentage of the whole fund; they are not rescaled to add to 100%.
Active share & tracking error
Active share (Cremers & Petajisto, 2009) is half the sum of the absolute difference between this fund's disclosed weight and the benchmark proxy's disclosed weight, security by security. Tracking error (Roll, 1992) is the annualized standard deviation of the daily difference between this fund's return and the proxy's, over the days both have a stored NAV. Neither is a rating or a score; both describe how much this fund's actual holdings and returns differ from a portfolio that simply held the benchmark.
StockProof has no official total-return index (TRI) data — the price feed it stores tracks an index's PRICE only, which understates a real TRI benchmark by roughly its dividend yield. Instead, both figures are computed against another fund: an index fund that tracks the same benchmark, whose own NAV already reflects reinvested dividends and whose own disclosed portfolio stands in for the benchmark's constituent weights. Measured directly: two different index funds on the same benchmark differ from each other by only 2–3 basis points a year of tracking error — two orders of magnitude below any actively managed fund's real figure — which is what licenses using one as a stand-in for the true benchmark. This proxy is hand-picked and verified for 24 declared benchmarks; a fund benchmarked to anything else shows no active share or tracking error, not a guessed one.
This fund's declared benchmark is 50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver, but no benchmark proxy has been hand-verified for “50% BSE 500 TRI + 20% MSCI World Index TRI + 15% of Crisil Short Term Bond Index + 10% Domestic prices of Gold + 5% Domestic prices of Silver”.