HDFC Multi Asset Fund Direct Growth

HDFC Multi Asset Fund Direct Growth is a hybrid fund. This fund was started on 1 January, 2013. The fund is managed by Bhagyesh Kagalkar, Srinivasan Ramamurthy, Nandita Menezes, Arun Agarwal, Dhruv Muchhal, Anil Bamboli. This fund gives you the benefit of diversification.

1. HDFC Multi Asset Fund Direct Growth has ₹4635 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.8.
   

HDFC Multi Asset Fund Direct Growth has given a CAGR return of 12.00% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.84%, 15.46% and 16.35% respectively.

HDFC Multi Asset Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Government, Corporate, Consumer Cyclical, Energy, Tech, Consumer Defensive, Health, Industrial, Basic Materials, Communication, Real Estate, Utilities.

As it is a multi asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The objective of the Scheme is to generate long term capital appreciation/income by investing in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold. There is no assurance that the investment objective of the Scheme will be realized.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. HDFC Multi Asset Fund Direct Growth has no lock in period.