COMPARE
ICICI Prudential Multi Asset Allocation Fund - Direct Plan - Growth vs Tata Multi Asset Allocation Fund-Direct Plan-Growth
ICICI Prudential Multi Asset Allocation Fund and Tata Multi Asset Allocation Fund- are both in the Multi Asset Allocation category, from ICICI Prudential Asset Management Company Limited and Tata Asset Management Limited respectively. ICICI Prudential Multi Asset Allocation Fund has posted a higher 3-year rolling CAGR. 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 0.21 percentage points.
| ICICI Prudential Multi Asset Allocation Fund - Direct Plan - Growth | Tata Multi Asset Allocation Fund-Direct Plan-Growth | |
|---|---|---|
| Category | Multi Asset Allocation | Multi Asset Allocation |
| AMC | ICICI Prudential Asset Management Company Limited | Tata Asset Management Limited |
| Benchmark | Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%) | 65% BSE 200 + 15% CRISIL Short Term Bond Index + 20% iCOMDEX Composite Index TRI |
| NAV | ₹850.6006 (2026-10-28) | ₹26.6214 (2026-10-28) |
| AUM | ₹82,492.45 Cr | ₹4,884.94 Cr |
| Expense Ratio (Direct) | 0.85% | 0.64% |
| Inception | 2002-10-07 | 2020-02-14 |
Returns
ICICI Prudential Multi Asset Allocation Fund leads on 3-year rolling CAGR (17.4% vs Tata Multi Asset Allocation Fund-'s 17.1%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Tata Multi Asset Allocation Fund- has been the more volatile of the two by standard deviation.
| ICICI Prudential Multi Asset Allocation Fund - Direct Plan - Growth | Tata Multi Asset Allocation Fund-Direct Plan-Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.65 | 0.43 |
| 3Y Alpha | 5.784% | 4.5719% |
| 3Y Std Deviation | 7.7169% | 8.5641% |
| 3Y Calmar Ratio | 1.27 | 1.05 |
Portfolio Analytics
ICICI Prudential Multi Asset Allocation Fund carries the higher portfolio YTM.
Punji Fund Health Score
ICICI Prudential Multi Asset Allocation Fund and Tata Multi Asset Allocation Fund- carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, ICICI Prudential Multi Asset Allocation Fund or Tata Multi Asset Allocation Fund-?
ICICI Prudential Multi Asset Allocation Fund's 3-year rolling CAGR of 17.4% is higher than Tata Multi Asset Allocation Fund-'s 17.1%. ICICI Prudential Multi Asset Allocation Fund sits in the 73rd percentile of its category on this metric, versus the 60th percentile for Tata Multi Asset Allocation Fund- - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, ICICI Prudential Multi Asset Allocation Fund or Tata Multi Asset Allocation Fund-?
Tata Multi Asset Allocation Fund-'s direct-plan expense ratio is 0.21 percentage points lower than ICICI Prudential Multi Asset Allocation Fund'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.
Which fund carries more risk, ICICI Prudential Multi Asset Allocation Fund or Tata Multi Asset Allocation Fund-?
By standard deviation (a measure of how much a fund's returns swing around its own average), Tata Multi Asset Allocation Fund- has been more volatile than ICICI Prudential Multi Asset Allocation Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.65 for ICICI Prudential Multi Asset Allocation Fund vs 0.43 for Tata Multi Asset Allocation Fund-) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, ICICI Prudential Multi Asset Allocation Fund or Tata Multi Asset Allocation Fund-?
ICICI Prudential Multi Asset Allocation Fund has ₹82,492 Cr in assets under management, versus ₹4,885 Cr for Tata Multi Asset Allocation Fund-. 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), ICICI Prudential Multi Asset Allocation Fund or Tata Multi Asset Allocation Fund-?
ICICI Prudential Multi Asset Allocation Fund's portfolio YTM (7.7902%) is higher than Tata Multi Asset Allocation Fund-'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 fund has a longer track record, ICICI Prudential Multi Asset Allocation Fund or Tata Multi Asset Allocation Fund-?
ICICI Prudential Multi Asset Allocation Fund launched on 2002-10-07, making it older than Tata Multi Asset Allocation Fund- (launched 2020-02-14). 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.