Can I invest in SIP and Lumpsum in SBI Multi Asset Allocation Fund - Direct (IDCW-M) Direct Growth?

Yes, you can invest both lumpsum and SIP in SBI Multi Asset Allocation Fund - Direct (IDCW-M). Minimum lumpsum investment SBI Multi Asset Allocation Fund - Direct (IDCW-M) is ₹5,000 and minimum SIP amount is ₹500 . Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.

Which are the biggest stock holdings of SBI Multi Asset Allocation Fund - Direct (IDCW-M)?

The 5 biggest stock holdings of SBI Multi Asset Allocation Fund - Direct (IDCW-M) are: HDFC Bank (2.97%), Reliance Industr (2.86%), Restaurant Brand (1.88%), ITC (1.83%), HCL Technologies (1.54%)

What are the top sectors SBI Multi Asset Allocation Fund - Direct (IDCW-M) invests in?

A majority of SBI Multi Asset Allocation Fund - Direct (IDCW-M) 's AUM worth ₹8,601.45 (Cr) is invested in these 3 top sectors: Debt : 37.96% Others : 18.29% Banks : 7.18%

Mutual Funds
AMC
SBI Multi Asset Allocation Fund - Direct (IDCW-M)

SBI Multi Asset Allocation Fund - Direct (IDCW-M)

Q: What is the NAV of SBI Multi Asset Allocation Fund - Direct (IDCW-M) Direct Growth?

The latest NAV ( Net Asset Value ) of SBI Multi Asset Allocation Fund - Direct (IDCW-M) is SBI Multi Asset Allocation Fund - Direct (IDCW-M) is ₹29.62 as on 2025-06-27.

Multi Asset Allocation

Invest Now

NAV
29.62(-0.12%)
Fund Size (CR)
₹8,395.03
Expense Ratio
0.58
Scheme Type
Active Fund
Value Research

Min. investment
₹5,000
Minimum Additional Investment
₹1,000
Minimum SIP Investment
₹500
Minimum Withdrawal
₹500
Exit Load
1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
0%
Return Since Launch
12.67%

Absolute Return: 8.01%

Annualized Return: 0%

Basic Details

Scheme Manager

Dinesh Balachandran

Bench Mark

45% S&P BSE 500 TRI+40% Crisil Composite Bond Fund Index+10% Domestic Prices of Gold+5% Domestic Prices of silver

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	20 June 2025	10092.72	0.93%	-	0.98%	65/114
1 Month	27 May 2025	10276.16	2.76%	-	2.33%	30/110
3 Month	27 March 2025	10800.99	8.01%	-	7.28%	24/110
6 Month	27 December 2024	10793.75	7.94%	-	6.79%	42/106
1 Year	27 June 2024	11070.26	10.70%	10.70%	9.12%	36/96
3 Year	27 June 2022	17098.30	70.98%	19.56%	19.06%	19/40
5 Year	26 June 2020	21097.82	110.98%	16.09%	19.83%	25/34
Since Inception	22 February 2013	43646.59	336.47%	12.67%	13.74%	67/114

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	1 July 2024	1,20,000	204689.91	70.57%	70.57%
3 Year	1 July 2022	3,60,000	745748.77	107.15%	27.48%
5 Year	1 July 2020	6,00,000	1432872.77	138.81%	19.02%
10 Year	1 July 2015	12,00,000	3641857.22	203.49%	11.74%

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

Investment type
Scheme based

SIP
Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

2.13%

Standard Deviation

0.48%

Beta

1.41%

Sharpe Ratio

0.06%

Treynor's Ratio

6.84%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	2.97%	1331000	255.23	Equity	Banks
Reliance Industr	2.86%	1720000	245.60	Equity	Refineries
Restaurant Brand	1.88%	20500000	161.87	Equity	Quick Service Restaurant
ITC	1.83%	3800000	157.28	Equity	Tobacco Products
HCL Technologies	1.54%	780000	132.23	Equity	IT - Software
Bandhan Bank	1.53%	7500000	131.39	Equity	Banks
VRL Logistics	1.23%	1870000	105.40	Equity	Logistics
Bajaj Finserv	1.17%	500000	100.55	Equity	Finance
Axis Bank	1.12%	800000	96.46	Equity	Banks
Punjab Natl.Bank	0.99%	8000000	85.29	Equity	Banks

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
SBI Multi Asset Allocation Fund - Direct (IDCW-M)	8395.03	2.76%	8.01%	7.94%	10.70%	19.56%
WhiteOak Capital Multi Asset Allocation-Dir (G)	2245.19	1.61%	6.69%	9.32%	17.14%	-
DSP Multi Asset Allocation Fund - Direct (G)	3157.86	2.16%	6.75%	9.05%	14.83%	-
DSP Multi Asset Allocation Fund - Direct (IDCW)	3157.86	2.16%	6.75%	9.05%	14.83%	-
Nippon India Multi Asset Allocation Fund-Dir (IDCW)	5980.56	2.61%	8.92%	8.29%	13.19%	21.82%
Nippon India Multi Asset Allocation Fund-Dir (G)	5980.56	2.61%	8.92%	8.29%	13.19%	21.82%

List of Schemes under SBI Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
SBI Saving Fund	Debt	Moderate	8.23%	3	₹29,511.96
SBI Bluechip Fund	Equity	Very High	7.81%	4	₹52,251.14
SBI Dynamic Bond Fund	Debt	Moderate	8.95%	3	₹3,517.02
SBI Consumption Opportunities Fund	Equity	Very High	3.12%	4	₹3,051.86
SBI Gold Fund	Other	Very High	32.24%	4	₹4,154.78
SBI Infrastructure Fund-Series	Equity	Very High	-2.95%	4	₹5,060.25
SBI Technology Opportunities Fund	Equity	Very High	18.08%	0	₹4,529.99
SBI Equity Hybrid Fund	Hybrid	Very High	13.36%	3	₹75,639.24
SBI Magnum Children Benefit Fund - Savings Plan	Solution Oriented	Moderately High	10.51%	5	₹126.84
SBI Magnum Comma Fund	Equity	Very High	5.89%	0	₹677.56
SBI ESG Exclusionary Strategy Fund	Equity	Very High	4.16%	0	₹5,715.31
SBI Magnum Gilt Fund	Debt	Moderate	8.4%	4	₹12,444.58
SBI Magnum Constant Maturity Fund	Debt	Moderate	10.51%	0	₹1,926.45
SBI Magnum Global Fund	Equity	Very High	0.56%	0	₹6,366.36
SBI Credit Risk Fund	Debt	Moderately High	9.41%	3	₹2,241.18
SBI Magnum Income Fund	Debt	Moderate	9.1%	4	₹1,986.57
SBI Nifty Index Fund	Other	Very High	7.61%	3	₹9,838.77
SBI Overnight Fund	Debt	Low	6.38%	2	₹18,800.83
SBI Magnum Midcap Fund	Equity	Very High	3.81%	4	₹22,406.12
SBI Conservative Hybrid Fund	Hybrid	High	7.7%	4	₹9,621.39
SBI Multi Asset Allocation Fund	Hybrid	Very High	10.7%	4	₹8,601.45
SBI Flexi Cap Fund	Equity	Very High	3.97%	3	₹21,747.17
SBI Large & Midcap Fund	Equity	Very High	8.34%	4	₹31,295.56
SBI Long Term Equity Fund	Equity	Very High	6.32%	5	₹29,667.41
SBI Contra Fund	Equity	Very High	4.25%	5	₹45,495.71
SBI Focused Equity Fund	Equity	Very High	10.29%	3	₹37,122.28
SBI Healthcare Opportunities Fund	Equity	Very High	21.91%	5	₹3,689.28
SBI Liquid Fund	Debt	Moderate	7.19%	2	₹81,785.52
SBI PSU Fund	Equity	Very High	0.54%	0	₹5,258.68
SBI Magnum Medium Duration Fund	Debt	Moderately High	9.54%	3	₹6,530.90
SBI Short Horizon Debt - Short Term	Debt	Moderate	9.65%	3	₹15,513.25
SBI Magnum Low Duration Fund	Debt	Moderate	8.39%	4	₹14,840.50
SBI Arbitrage Opportunities Fund	Hybrid	Low	7.57%	3	₹33,759.32
SBI Magnum Ultra Short Duration Fund	Debt	Moderately Low	7.84%	2	₹17,301.74
SBI Small Cap Fund	Equity	Very High	0.27%	3	₹34,028.06
SBI Banking and PSU Fund	Debt	Moderate	9.58%	3	₹4,224.04
SBI Banking & Financial Services Fund	Equity	Very High	17.56%	4	₹7,998.78
SBI Equity Savings Fund	Hybrid	Moderately High	8.18%	3	₹5,430.84
SBI Long Term Advantage Fund - Series III	Equity	Moderately High	2.15%	0	₹71.36
SBI Long Term Advantage Fund - Series IV	Equity	Moderately High	1.4%	0	₹206.03
SBI Long Term Advantage Fund - Series V	Equity	Moderately High	26.84%	0	₹381.32
SBI Long Term Advantage Fund - Series VI	Equity	Moderately High	1.8%	0	₹280.61
SBI Corporate Bond Fund	Debt	Moderately Low	9.91%	3	₹25,190.77
SBI Equity Minimum Variance	Equity	Very High	3.22%	0	₹216.00
SBI FMP - Series 1 (3668 Days)	Debt	Moderate	10.17%	0	₹49.27
SBI FMP - Series 6 (3668Days)	Debt	Moderate	10.06%	0	₹35.63
SBI FMP - Series 34 (3682Days) (G)	Debt	Moderate	10.73%	0	₹28.34
SBI Magnum Children's Benefit Fund - IP	Solution Oriented	Very High	10.11%	5	₹3,589.14
SBI Floating Rate Debt Fund	Debt	Moderately Low	8.78%	3	₹1,196.34
SBI Retirement Benefit Fund-Aggressive Plan (G)	Solution Oriented	Very High	1.57%	3	₹2,893.95
SBI Retirement Benefit Fund-Aggrs Hyb Plan	Solution Oriented	Very High	3.23%	3	₹1,566.80
SBI Retirement Benefit Fund-Conservative Plan	Solution Oriented	Moderately High	7.73%	3	₹178.20
SBI Retirement Benefit Fund-Conser Hyb Plan	Solution Oriented	High	5.75%	3	₹282.73
SBI US Specific Equity Active FoF	Other	Very High	13.32%	0	₹944.71
SBI FMP - Series 42 (1857Days)	Debt	Moderate	8.06%	0	₹482.95
SBI Nifty Next 50 Index Fund	Other	Very High	-3.3%	1	₹1,725.38
SBI FMP - Series 43 (1616Days)	Debt	Moderate	7.33%	0	₹119.75
SBI FMP - Series 44 (1855Days)	Debt	Moderate	8.39%	0	₹389.87
SBI FMP - Series 45 (1840Days)	Debt	Moderately Low	8.3%	0	₹228.62
SBI FMP - Series 46 (1850Days)	Debt	Moderate	8.32%	0	₹133.36
SBI FMP - Series 47 (1434Days)	Debt	Moderately Low	7.03%	0	₹144.59
SBI FMP - Series 48 (1458Days)	Debt	Moderate	7.1%	0	₹46.77
SBI Balanced Advantage Fund	Hybrid	Very High	8.97%	5	₹35,565.97
SBI FMP - Series 49 (1823Days)	Debt	Moderately Low	8.5%	0	₹397.37
SBI FMP - Series 50 (1843Days)	Debt	Moderate	8.63%	0	₹123.48
SBI FMP - Series 51 (1846Days)	Debt	Moderate	8.66%	0	₹303.05
SBI FMP - Series 52 (1848Days)	Debt	Moderately Low	8.58%	0	₹139.03
SBI FMP - Series 53 (1839Days)	Debt	Moderate	8.74%	0	₹313.67
SBI FMP - Series 54 (1842Days)	Debt	Moderate	8.78%	0	₹38.23
SBI FMP - Series 55 (1849Days)	Debt	Moderate	8.81%	0	₹257.86
SBI FMP - Series 57 (1835Days)	Debt	Moderate	8.91%	0	₹261.05
SBI FMP - Series 58 (1842Days)	Debt	Moderate	8.84%	0	₹254.95
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund	Other	Moderately Low	8.51%	0	₹8,914.16
SBI FMP - Series 59 (1618Days)	Debt	Moderate	8.23%	0	₹28.29
SBI FMP - Series 60 (1878Days)	Debt	Moderate	9.02%	0	₹251.45
SBI Multicap Fund	Equity	Very High	12.08%	3	₹20,558.87
SBI FMP - Series 61 (1927Days)	Debt	Moderate	9.16%	0	₹341.22
SBI FMP - Series 66 (1361Days)	Debt	Moderately Low	8.05%	0	₹688.42
SBI FMP - Series 67 (1467Days)	Debt	Moderately Low	8.4%	0	₹593.00
SBI FMP - Series 64 (1169Days)	Debt	Moderate	7.3%	0	₹404.26
SBI FMP - Series 68 (1302Days)	Debt	Moderately Low	8.03%	0	₹195.76
SBI Nifty Smallcap 250 Index Fund	Other	Very High	3.65%	0	₹1,422.27
SBI Nifty Midcap 150 Index Fund	Other	Very High	5.45%	0	₹847.25
SBI CRISIL IBX Gilt Index-June 2036 Fund	Other	Moderate	10.51%	0	₹2,543.71
SBI CRISIL IBX Gilt Index-April 2029 Fund	Other	Moderate	10.22%	0	₹2,173.85
SBI CRISIL IBX SDL Index-September 2027 Fund	Other	Moderate	9.31%	0	₹1,121.64
SBI FMP - Series 72 (1239Days)	Debt	Moderately Low	8.23%	0	₹340.81
SBI FMP - Series 73 (1226Days)	Debt	Moderately Low	8.21%	0	₹203.75
SBI Long Duration Fund	Debt	Moderate	6.68%	0	₹2,857.65
SBI FMP - Series 74 (1243Days)	Debt	Moderate	8.24%	0	₹160.30
SBI FMP - Series 76 (1221Days)	Debt	Moderate	8.05%	0	₹167.71
SBI FMP - Series 78 (1170Days)	Debt	Moderate	8.1%	0	₹126.89
SBI Dividend Yield Fund	Equity	Very High	1.13%	0	₹9,148.67
SBI FMP - Series 79 (1130Days)	Debt	Moderately Low	8.1%	0	₹83.10
SBI FMP - Series 81 (1157Days)	Debt	Moderate	8.26%	0	₹415.35
SBI BSE Sensex Index Fund	Other	Very High	6.99%	0	₹329.32
SBI Nifty50 Equal Weight Index Fund	Other	Very High	6.8%	0	₹1,006.64
SBI Energy Opportunities Fund	Equity	Very High	-1.51%	0	₹10,450.59
SBI Automotive Opportunities Fund	Equity	Very High	-5.16%	0	₹5,651.72
SBI Silver ETF Fund of Fund	Other	Very High	0%	0	₹329.14
SBI Innovative Opportunities Fund	Equity	Very High	0%	0	₹7,367.42
SBI Nifty 500 Index Fund	Other	Very High	0%	0	₹866.33
SBI Nifty India Consumption Index Fund	Other	Very High	0%	0	₹340.15
SBI Quant Fund	Equity	Very High	0%	0	₹3,750.13
SBI Nifty Bank Index Fund	Other	Very High	0%	0	₹115.55
SBI Nifty IT Index Fund	Other	Very High	0%	0	₹49.57
SBI BSE PSU Bank Index Fund	Other	Very High	0%	0	₹19.57
SBI Income Plus Arbitrage Active FOF	Other	Moderately Low	0%	0	₹1,499.54
SBI Nifty200 Quality 30 Index Fund	Other	Very High	0%	0	₹0.00
SBI Nifty200 Momentum 30 Index Fund	Other	Very High	0%	0	₹0.00

News

SBI Nifty200 Quality 30 Index Fund Announces Extension of NFO period
SBI Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme has been modified as follows:

Name of the Scheme Existing closing date of NFO Revised closing date of NFO

SBI Nifty200 Quality 30 Index Fund 29 May 2025 30 May 2025

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Name of the Scheme	Existing closing date of NFO	Revised closing date of NFO
SBI Nifty200 Quality 30 Index Fund	29 May 2025	30 May 2025

SBI Mutual Fund announces change in fund manager under its schemes

SBI Mutual Fund has announced change in fund manager under the following schemes, with effect from 15 May 2025.

Change in Fund Manager:

Name of the Scheme	Existing Fund Manager(s)	Revised Fund Manager(s)
SBI Magnum Ultra Short Duration Fund	Mr. Rajeev Radhakrishnan & Mr. Ardhendhu Bhattacharya (Co Fund Manager)	Mr. Sudhir Agrawal
SBI Magnum Low Duration Fund	Mr. Rajeev Radhakrishnan	Mr. Sudhir Agrawal
SBI Short Term Debt Fund	Mr. Rajeev Radhakrishnan & Ms. Mansi Sajeja (Co Fund Manager)	Ms. Mansi Sajeja
SBI Banking and PSU Fund	Mr. Rajeev Radhakrishnan & Mr. Ardhendhu Bhattacharya (Co Fund Manager)	Mr. Ardhendhu Bhattacharya
SBI Equity Savings Fund	Ms. Nidhi Chawla (Equity Portion) Ms. Mansi Sajeja (Debt Portion) Mr. Neeraj Kumar (Arbitrage Portion) Ms. Vandna Soni (for ETCDs)	Ms. Nidhi Chawla (Equity Portion) Mr. Mohit Jain (Debt Portion) Mr. Neeraj Kumar (Arbitrage Portion) Ms. Vandna Soni (for ETCDs)

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SBI Mutual Fund announces change in fund manager under its schemes

SBI Mutual Fund has announced change in fund manager under the following schemes, with effect from 01 May 2025.

Change in Fund Manager:

Name of the Scheme	Existing Fund Manager(s)	Revised Fund Manager(s)
SBI Magnum Income Fund	Mr. Lokesh Mallya & Mr. Adesh Sharma (Co Fund Manager)	Mr. Lokesh Mallya
SBI Credit Risk Fund	Mr. Lokesh Mallya & Mr. Adesh Sharma (Co Fund Manager)	Mr. Lokesh Mallya

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Fund House Details & Investment Objective

Date of Incorporation

1 January 2013

Total AUM (Cr)

₹8601.45

SBI Multi Asset Allocation Fund - Direct (IDCW-M) is an Multi Asset Allocation-oriented fund from the renowned AMC, SBI Mutual Fund. Launched in 1 January 2013, this fund is managed by Dinesh Balachandran. With assets under management (AUM) worth ₹8,601.45 (Cr), as of 27 June 2025, SBI Multi Asset Allocation Fund - Direct (IDCW-M) is categorized as a Multi Asset Allocation within its segment. The fund has generated a return of 12.67% since its launch.
The current NAV of SBI Multi Asset Allocation Fund - Direct (IDCW-M) is ₹29.62, as on 27 June 2025. The fund's benchmark index is 45% S&P BSE 500 TRI+40% Crisil Composite Bond Fund Index+10% Domestic Prices of Gold+5% Domestic Prices of silver. You can invest in SBI Multi Asset Allocation Fund - Direct (IDCW-M) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
For exit within 12 months from the date of allotment For 10% of investment - Nil For remaining investment - 1.00% For exit after 12 months from the date of allotment - Nil. The fund has generated 19.56% and 16.09% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 47.68% in Equity, 39.07% in Debt and 13.25% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 37.96% in Debt, 18.29% in Others, 7.18% in Banks, 5.08% in IT-Software, 2.36% in Petroleum Products

FAQs

How to Invest in SBI Multi Asset Allocation Fund - Direct (IDCW-M) Direct Growth?

SBI Multi Asset Allocation Fund - Direct (IDCW-M) is a popular fund in the Multi Asset Allocation segment. The fund has generated a return of 12.67% since inception. Looking to invest in SBI Multi Asset Allocation Fund - Direct (IDCW-M) How about earning 1% extra return? All this is possible with m.Stock! Investing in SBI Multi Asset Allocation Fund - Direct (IDCW-M) is super easy and convenient with m.Stock. Here’s how you can begin:

Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
In the search bar, enter the fund name, in this case, SBI Multi Asset Allocation Fund - Direct (IDCW-M)
On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in SBI Multi Asset Allocation Fund - Direct (IDCW-M) today and reap the benefits of this Multi Asset Allocation fund!

How much returns has SBI Multi Asset Allocation Fund - Direct (IDCW-M) Direct Growth generated?

In the short term, i.e., 1 year, SBI Multi Asset Allocation Fund - Direct (IDCW-M) has generated annualised return of 10.70%. In the long-term, the fund has generated 19.56% and 16.09% in 3 and 5 years respectively. Since its inception, the fund has generated 12.67% returns.

What is the expense ratio of SBI Multi Asset Allocation Fund - Direct (IDCW-M) Direct Growth?

The expense ratio of SBI Multi Asset Allocation Fund - Direct (IDCW-M) Direct Growth is 0.58%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of SBI Multi Asset Allocation Fund - Direct (IDCW-M) Fund Direct Growth?

The Assets Under Management (AUM) of SBI Multi Asset Allocation Fund - Direct (IDCW-M) is ₹8,601.45 (Cr) as of 2025-06-27 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from SBI Multi Asset Allocation Fund - Direct (IDCW-M) Direct Growth?

Redeeming or selling units of SBI Multi Asset Allocation Fund - Direct (IDCW-M) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.

To redeem from SBI Multi Asset Allocation Fund - Direct (IDCW-M):

Login to your m.Stock account
In portfolio, your mutual fund investments will be visible under ‘MF’
Select the fund you wish to redeem from (in this case SBI Multi Asset Allocation Fund - Direct (IDCW-M)).
Click on ‘Redeem’ button
You have 2 options – redeem by units and redeem by value (you can only redeem free units)
Select units to be redeemed and click on submit.
Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).