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Capitalmind Multi Asset Allocation Fund-Direct-Growth vs Tata Multi Asset Allocation Fund-Direct Plan-Growth
Capitalmind Multi Asset Allocation Fund-Direct-Growth and Tata Multi Asset Allocation Fund- are both in the Multi Asset Allocation category, from Capitalmind Asset Management Private Limited and Tata Asset Management Limited respectively. Tata Multi Asset Allocation Fund- has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Tata Multi Asset Allocation Fund- has the lower direct-plan expense ratio, by 0.34 percentage points.
| Capitalmind Multi Asset Allocation Fund-Direct-Growth | Tata Multi Asset Allocation Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Multi Asset Allocation | Multi Asset Allocation |
| AMC | Capitalmind Asset Management Private Limited | Tata Asset Management Limited |
| Benchmark | 50% NIFTY 500 TRI + 25% NIFTY Composite Debt Index + 25% MCX iCOMDEX Composite Index | 65% BSE 200 + 15% CRISIL Short Term Bond Index + 20% iCOMDEX Composite Index TRI |
| NAV | ₹9.5558 (2026-10-28) | ₹26.6214 (2026-10-28) |
| AUM | ₹36.7 Cr | ₹4,884.94 Cr |
| Expense Ratio (Direct) | 0.98% | 0.64% |
| Inception | 2026-02-23 | 2020-02-14 |
Returns
This fund is less than a year old, so there is not yet enough history to calculate rolling returns.
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
Portfolio Analytics
Tata Multi Asset Allocation Fund- carries the higher portfolio YTM.
| Capitalmind Multi Asset Allocation Fund-Direct-Growth | Tata Multi Asset Allocation Fund-Direct Plan-Growth | |
|---|---|---|
| P/E Ratio | 12.4862 | 25.6619 |
| P/B Ratio | - | - |
| Dividend Yield | 2.1065% | 0.9885% |
| Active Share | - | - |
| Portfolio Turnover | 20% | 72% |
| YTM | 5.9376% | 6.99% |
| Duration (Macaulay) | 50 yrs | 2.69 yrs |
Punji Fund Health Score
Capitalmind Multi Asset Allocation Fund-Direct-Growth has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Capitalmind Multi Asset Allocation Fund-Direct-Growth or Tata Multi Asset Allocation Fund-?
Tata Multi Asset Allocation Fund-'s direct-plan expense ratio is 0.34 percentage points lower than Capitalmind Multi Asset Allocation Fund-Direct-Growth's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Capitalmind Multi Asset Allocation Fund-Direct-Growth and Tata Multi Asset Allocation Fund- show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Capitalmind Multi Asset Allocation Fund-Direct-Growth or Tata Multi Asset Allocation Fund-?
Tata Multi Asset Allocation Fund- has ₹4,885 Cr in assets under management, versus ₹37 Cr for Capitalmind Multi Asset Allocation Fund-Direct-Growth. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), Capitalmind Multi Asset Allocation Fund-Direct-Growth or Tata Multi Asset Allocation Fund-?
Tata Multi Asset Allocation Fund-'s portfolio YTM (6.99%) is higher than Capitalmind Multi Asset Allocation Fund-Direct-Growth's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which has longer duration (more interest-rate sensitivity), Capitalmind Multi Asset Allocation Fund-Direct-Growth or Tata Multi Asset Allocation Fund-?
Capitalmind Multi Asset Allocation Fund-Direct-Growth has the longer Macaulay duration of the two, meaning its NAV is more sensitive to interest-rate changes - a longer-duration debt fund tends to gain more when rates fall and lose more when rates rise, compared to a shorter-duration fund. Duration is expressed in years but isn't literally about how long you hold the fund; it's a measure of price sensitivity to rate moves. If you expect rates to fall, the longer-duration fund benefits more; if you expect rates to rise or want to minimize that swing, the shorter-duration fund is the more conservative pick.
Which fund has a longer track record, Capitalmind Multi Asset Allocation Fund-Direct-Growth or Tata Multi Asset Allocation Fund-?
Tata Multi Asset Allocation Fund- launched on 2020-02-14, making it older than Capitalmind Multi Asset Allocation Fund-Direct-Growth (launched 2026-02-23). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.