Zerodha Multi Asset Passive FoF Direct Growth NAV today
AMFI: 153757ISIN: INF0R8F01117MUTF_IN: ZERO_MULT_ASSE_1K7HQ4UZerodha Mutual FundFund of Funds
NAV ₹10.8149down ₹0.05 (0.46%)
NAV for 30 Oct 2026, against 29 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month. Assets under management in the glossary
- ₹188 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it. Total expense ratio: how it is worked out
- 0.23%26 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought. Exit load in the glossary
- None
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. Riskometer in the glossary
- HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures. Holdings in the glossary
- 430 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer. Launch date in the glossary
- 13 Aug 2025
Zerodha Multi Asset Passive FoF returns
Direct Growth plan
Over each window to 30 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). Trailing return: how it is worked out |
|---|---|
| 1 week | +1.25% |
| 1 month | −2.56% |
| 3 months | −5.12% |
| 6 months | −3.82% |
| 1 year | +0.12% |
| 3 years | Needs 3 years |
₹10,000 put in on 20 Aug 2025 is ₹10,730 at the NAV of 30 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load. Growth of ₹10,000 in the glossaryOver a year and longer, a return is the yearly rate.
At the month end, 30 Sep 2026
| Over | Fund |
|---|---|
| 1 year | +7.12% |
| Since launch | +9.05% |
As the fund house states them for the month.
Zerodha Multi Asset Passive FoF SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 30 Oct 2026SIP calculator
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. Amount invested in the glossary | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. Value today in the glossary | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. SIP return (XIRR) in the glossary | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. SIP return after stamp duty in the glossary | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. Stamp duty paid in the glossary |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,15,937₹1,15,931 after stamp duty | −6.26% | −6.27% | ₹6 | |
| Since Aug 202514 instalments | ₹1,40,000 | ₹1,36,950₹1,36,943 after stamp duty | −3.50% | −3.51% | ₹7 |
3 years: Launched 13 Aug 2025, needs 3 years of history.
A SIP that rises every year: Step-up SIP calculator
Zerodha Multi Asset Passive FoF expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
Total expense ratio, month by month
Expense ratio highest 0.25%, May 2026.Expense ratio lowest 0.18%, Nov 2025.
What the expense ratio is made of
| Part | A year |
|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. Base expense ratio in the glossary | 0.18% |
| Brokerage | 0.01% |
| Transaction costs | None |
| Statutory levies | 0.04% |
Per cent of assets a year, filed for 26 Oct 2026. The parts add up to that day's total.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase. Minimum investment in the glossary
- ₹100
- Minimum top-up
- ₹100
- Minimum redemption
- ₹0
- SIP
- Accepted
- SIP instalments, at least
- 1
- SIP dates
- 1st to 28th
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold. Lock-in in the glossary
- None
- SIP minimum
- Daily :Rs. 10, Weekly, Fortnightly, Monthly, Quarterly, Half-yearly, Yearly : 100
As listed for this plan on 31 Oct 2026.
Zerodha Multi Asset Passive FoF AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹183 CrQuarter to Sep 2026
- Less the house's funds of fundsAverage assets, excluding the house's funds of funds. The quarter's average assets less the money the same fund house's funds of funds hold in this fund, so that money is not counted twice. Average assets, excluding the house's funds of funds in the glossary
- ₹0.00 CrQuarter to Sep 2026
Average assets by quarter
The latest quarter is the largest since the quarter to Sep 2025.
Assets at each month end
Highest ₹189 Cr, Aug 2026.Lowest ₹52 Cr, Sep 2025.
Zerodha Multi Asset Passive FoF portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. Weight in the fund in the glossary | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. Held since in the glossary | |||
|---|---|---|---|---|
| Zerodha Nifty Midcap 150 ETF | 31.53% | 59.34 | 5,36,98,161 | Aug 2025or earlier |
| Zerodha Nifty 100 ETF | 28.29% | 53.24 | 5,32,97,555 | Aug 2025or earlier |
| Zerodha Gold ETF | 24.83% | 46.72 | 2,01,72,735 | Aug 2025or earlier |
| Zerodha Nifty 8-13 Yr G-Sec ETF | 15.44% | 29.05 | 96,30,990 | Aug 2025or earlier |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Net Receivable / Payable | −0.49% | −0.92 |
| Clearing Corporation of India Limited | 0.40% | 0.75 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions. Largest holding in the glossary
- 31.53%Zerodha Nifty Midcap 150 ETF
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions. Top 5 holdings in the glossary
- 100.09%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions. Top 10 holdings in the glossary
- 100.09%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights. Effective number of holdings in the glossary
- 3.8Taken over 100.09% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought. Asset allocation in the glossary- Units of other funds100.09%
- Cash and receivables−0.09%
Per cent of the fund's net assets.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before. New positions in the glossary
- 0
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date. Sold out in the glossary
- 0
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth. Added to in the glossary
- 4
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth. Trimmed in the glossary
- 0
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price. Unchanged in the glossary
- 0
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month. Traded at least in the glossary
- 0.00%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it. Weight that moved in the glossary
- 0.97%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). What changed in the glossary | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. Change in weight in the glossary | ||||
|---|---|---|---|---|---|
| Zerodha Nifty Midcap 150 ETF | Added | 31.53% | 32.18% | −0.65 pts | +19,74,893 |
| Zerodha Nifty 8-13 Yr G-Sec ETF | Added | 15.44% | 14.85% | +0.59 pts | +3,84,718 |
| Zerodha Nifty 100 ETF | Added | 28.29% | 28.62% | −0.32 pts | +21,84,700 |
| Zerodha Gold ETF | Added | 24.83% | 24.75% | +0.08 pts | +8,28,600 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Zerodha Nifty Midcap 150 ETF | 30.47%Added | 29.96%Added | 29.70%Added | 29.55%Added | 30.08%Added | 29.59%Added | 31.27%Added | 31.47%Added | 32.28%Added | 32.34%Added | 32.18%Added | 31.53%Added |
| Zerodha Nifty 100 ETF | 30.52%Added | 29.93%Added | 29.69%Added | 29.33%Added | 29.34%Added | 28.64%Added | 29.10%Added | 28.24%Added | 29.11%Added | 29.31%Added | 28.62%Added | 28.29%Added |
| Zerodha Gold ETF | 25.34%Added | 25.49%Added | 26.86%Added | 26.30%Cut | 25.74%Added | 26.04%Added | 24.89%Added | 25.48%Added | 23.29%Added | 23.21%Added | 24.75%Added | 24.83%Added |
| Zerodha Nifty 8-13 Yr G-Sec ETF | 14.54%Added | 14.46%Added | 14.28%Added | 14.71%Added | 14.80%Added | 16.04%Added | 15.01%Added | 14.80%Added | 15.38%Added | 15.14%Added | 14.85%Added | 15.44%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Risk ratios
NAV to 30 Oct 2026
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves. Standard deviation in the glossary14.83%
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure. Downside deviation in the glossary10.96%
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV. Sharpe ratio in the glossary0.18
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down. Sortino ratio in the glossary0.23
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. Largest fall in the glossary | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. Back at the high in the glossary |
|---|---|---|---|---|
| 1 year and since Aug 2025 | −12.66% | 29 Jan 2026 | 23 Mar 2026 | 24 Aug 2026 |
Risk level by month
| Months | Fund | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. Benchmark's risk level in the glossary |
|---|---|---|
| Sep 2025 to Aug 202612 months | High | High60% Nifty 200 TRI + 15% CRISIL 10 year Gilt Index + 25% Domestic prices of Physical Gold |
| Aug 20251 month | High | 60% Nifty 200 TRI + 15% CRISIL 10 year Gilt Index + 25% Domestic prices of Physical Gold |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
Zerodha Multi Asset Passive FoF fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. Return in the manager's time in the glossary | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. Benchmark over the same days in the glossary | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. Difference from the benchmark in the glossary | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. Portfolio changed after the handover in the glossary | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. Portfolio changed before the handover in the glossary | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. Assets the manager runs in the glossary | ||
|---|---|---|---|---|---|---|---|---|
| Kedarnath MirajkarPrimary | Jul 2025 | – | – | – | – | – | 24 | ₹17,965 Cr₹13,689 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | |||||
|---|---|---|---|---|---|
| Zerodha Nifty 1D Rate Liquid ETFKedarnath Mirajkar | Jan 2025 | +5.22%a year | +5.51% | −0.29 pts | ₹10,619 Cr |
| Zerodha Gold ETFKedarnath Mirajkar | Sep 2024 | +36.43%a year | – | – | ₹2,523 Cr |
| Zerodha Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹1,569 Cr |
| Zerodha Silver ETFKedarnath Mirajkar | Mar 2025 | +51.07%a year | – | – | ₹1,139 Cr |
| Zerodha Gold ETF FoFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹387 Cr |
| Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index FundKedarnath Mirajkar | Oct 2023 | – | – | – | ₹280 Cr |
| Zerodha Nifty Midcap 150 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹265 Cr |
| Zerodha Silver ETF FoFKedarnath Mirajkar | Jun 2025 | – | – | – | ₹228 Cr |
| Zerodha Nifty 100 ETFKedarnath Mirajkar | Oct 2023 | – | – | – | ₹165 Cr |
| Zerodha Nifty 8-13 Yr G-Sec ETFKedarnath Mirajkar | Aug 2025 | +1.24%a year | +1.35% | −0.11 pts | ₹131 Cr |
The ten largest by assets, by manager. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. Portfolio overlap in the glossary | Shared holdings. The number of securities both funds hold, cash and futures left out. Shared holdings in the glossary | |
|---|---|---|
| Shriram Gold ETF Passive FOFShriram Mutual Fund | 24.81% | 1 |
| Zerodha Gold ETF FoFZerodha Mutual Fund | 24.81% | 1 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme is to provide diversified exposure across multiple asset classes, equity, debt, and commodities, through a passive investment approach. By blending asset classes with low correlation, this scheme seeks to offer better risk-adjusted returns while reducing overall portfolio volatility. There is no assurance or guarantee that the investment objective of the scheme would be achieved
Asset allocation
- Domestic Equity ETFs/Index Funds : 50% to 70%
- Domestic Debt ETFs/Index Funds : 10% to 20%
- Commodity ETFs : 20% to 30%
- Debt and Money Market Instruments : 0 to 5%
Type of scheme
An open ended fund of fund scheme investing in units of Equity, Debt Index Funds/ETFs and commodity ETFs
- Stated category
- Others - FoFs (Domestic)
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. Benchmark in the glossary
- 60% Nifty 200 TRI + 15% CRISIL 10 year Gilt Index + 25% Domestic prices of Physical Gold
- Risk level at launch
- Very High
- New fund offer
- 25 Jul 2025 to 8 Aug 2025
- Units first allotted
- 13 Aug 2025
- Open for sale again
- 20 Aug 2025
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹100
Plans and codes
| Plan | AMFI code | ISIN | MUTF_IN | First NAV |
|---|---|---|---|---|
| Direct Growth | 153757 | INF0R8F01117 | ZERO_MULT_ASSE_1K7HQ4U | 20 Aug 2025 |
This fund
- Scheme information documentThe fund's objective, terms, costs and risks in full
Factsheet
- Factsheet - Sep 26Zerodha Mutual Fund, Sep 2026
Statement of additional information
- SAI Zerodha Mutual FundZerodha Mutual Fund, Oct 2026
Annual report
- Annual reportZerodha Mutual Fund, Mar 2026
- Abridged Annual Report for Schemes 2025-26Zerodha Mutual Fund, Mar 2026
Riskometer disclosure
- Annual Disclosure of Risk-o-Meter 2025-26Zerodha Mutual Fund, Mar 2026