Multi Asset Allocation Mutual Funds
At least 10% each in three asset classes.
Equity, debt and usually gold in one fund. The three rarely fall together, so the ride is smoother — and you never have to decide when to buy gold.
Who it suits. Investors who want one holding that already diversifies across asset classes. Hold for 5 years or more.
Direct plans in this category
- Quant Multi Asset Allocation Fundquant Mutual Fund · NAV ₹176.83 7.7% 21.4% 17.7%
- Nippon India Multi Asset Allocation FundNippon India Mutual Fund · NAV ₹25.72 2.3% 17.3% 13.5%
- ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund · NAV ₹849.45 -4.3% 12.4% 13.4%
- SBI MULTI ASSET ALLOCATION FUNDSBI Mutual Fund · NAV ₹71.35 1.9% 13.4% 12.2%
- UTI Multi Asset Allocation FundUTI Mutual Fund · NAV ₹83.64 -4.2% 13.2% 11.9%
- Tata Multi Asset Allocation FundTata Mutual Fund · NAV ₹26.64 -3.1% 11.5% 10.6%
- HDFC Multi Asset Allocation FundHDFC Mutual Fund · NAV ₹81.20 -3.2% 10.8% 9.9%
- Axis Multi Asset Allocation FundAxis Mutual Fund · NAV ₹50.47 0.2% 12.5% 7.6%
- 360 ONE Multi Asset Allocation Fund360 ONE Mutual Fund · NAV ₹11.82 — — —
- Aditya Birla Sun Life Multi Asset Allocation FundAditya Birla Sun Life Mutual Fund · NAV ₹16.97 3.3% 15.3% —
- AlphaGrep Multi Asset Allocation FundAlphaGrep Mutual Fund · NAV ₹10.09 — — —
- BANDHAN MULTI ASSET ALLOCATION FUNDBandhan Mutual Fund · NAV ₹14.11 — — —
- Bajaj Finserv Multi Asset Allocation FundBajaj Finserv Mutual Fund · NAV ₹12.04 — — —
- Bank of India Multi Asset Allocation FundBank of India Mutual Fund · NAV ₹12.45 — — —
- Baroda BNP Paribas Multi Asset FundBaroda BNP Paribas Mutual Fund · NAV ₹16.07 -1.4% 13.5% —
- Canara Robeco Multi Asset Allocation FundCanara Robeco Mutual Fund · NAV ₹10.98 — — —
- Capitalmind Multi Asset Allocation FundCapitalmind Mutual Fund · NAV ₹9.57 — — —
- DSP Multi Asset Allocation FundDSP Mutual Fund · NAV ₹15.97 — — —
- Edelweiss Multi Asset Allocation FundEdelweiss Mutual Fund · NAV ₹12.71 6.2% 7.5% —
- Franklin India Multi Asset Allocation FundFranklin Templeton Mutual Fund · NAV ₹10.49 — — —
- Groww Multi Asset Allocation FundGroww Mutual Fund · NAV ₹9.92 — — —
- HSBC Multi Asset Allocation FundHSBC Mutual Fund · NAV ₹13.69 — — —
- ITI Multi Asset Allocation FundITI Mutual Fund · NAV ₹9.55 — — —
- Invesco India Multi Asset Allocation FundInvesco Mutual Fund · NAV ₹12.19 — — —
- JM Multi Asset Allocation FundJM Financial Mutual Fund · NAV ₹9.72 — — —
- Kotak Multi Asset Allocation FundKotak Mahindra Mutual Fund · NAV ₹15.46 — — —
- LIC MF Multi Asset Allocation FundLIC Mutual Fund · NAV ₹11.76 — — —
- Mahindra Manulife Multi Asset Allocation FundMahindra Manulife Mutual Fund · NAV ₹13.85 — — —
- Mirae Asset Multi Asset Allocation FundMirae Asset Mutual Fund · NAV ₹13.60 — — —
- PGIM India Multi Asset Allocation FundPGIM India Mutual Fund · NAV ₹10.10 — — —
- Quantum Multi Asset Allocation FundQuantum Mutual Fund · NAV ₹11.86 — — —
- Samco Multi Asset Allocation FundSamco Mutual Fund · NAV ₹11.94 — — —
- Shriram Multi Asset Allocation FundShriram Mutual Fund · NAV ₹13.24 -0.6% 10.3% —
- Sundaram Multi Asset Allocation FundSundaram Mutual Fund · NAV ₹12.91 — — —
- The Wealth Company Multi Asset Allocation FundThe Wealth Company Mutual Fund · NAV ₹10.40 — — —
- Union Multi Asset Allocation FundUnion Mutual Fund · NAV ₹11.86 — — —
- WhiteOak Capital Multi Asset Allocation FundWhiteOak Capital Mutual Fund · NAV ₹16.28 5.2% 15.7% —
Point-to-point CAGR from AMFI NAV history, Direct plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
Other categories
Questions people ask
What is a Multi Asset Allocation fund?
At least 10% each in three asset classes. Equity, debt and usually gold in one fund. The three rarely fall together, so the ride is smoother — and you never have to decide when to buy gold.
Who should invest in Multi Asset Allocation funds?
Investors who want one holding that already diversifies across asset classes. A sensible holding period is 5 years or more.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.