Multi Asset Allocation funds in India
74 plans (37 Regular, 37 Direct), rated on their track record against their composite benchmark (60% Nifty 50 TRI + 40% bond funds) and their peers. Data as of 8 Nov 2026.
Equity, debt and gold in one fund, rebalanced for you. Gold tends to rise when equities fall, which steadies the ride. Most of these funds are young, so many are not rated yet. SEBI requires multi asset allocation funds to invest at least 10% in each of three asset classes, usually equity, debt and gold.
₹4.9 lakh
The difference, on ₹10 lakh invested three years ago, between the strongest multi asset allocation fund (19.7% a year) and the weakest (7.2% a year). Same category, same SEBI rules, same market. 14 of 15 funds beat their composite benchmark (60% Nifty 50 TRI + 40% bond funds) over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (37)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| WhiteOak Capital Multi Asset Allocation FundWhiteOak Capital Mutual Fund · 3.5 yrs | A+ | 15.3% | +6.4% | 1.65% | ₹9,284 cr |
| DSP Multi Asset Allocation FundDSP Mutual Fund · 3.1 yrs | A+ | 16.7% | +7.8% | 1.57% | ₹10,836 cr |
| Nippon India Multi Asset Allocation FundNippon India Mutual Fund · 6.2 yrs | A | 17.0% | +8.1% | 1.45% | ₹18,049 cr |
| ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund · 20.6 yrs | A | 13.5% | +4.6% | 1.41% | ₹82,445 cr |
| Edelweiss Multi Asset Allocation FundEdelweiss Mutual Fund · 3.4 yrs | B | 7.2% | -1.7% | 1.12% | ₹2,972 cr |
| SBI Multi Asset Allocation FundSBI Mutual Fund · 20.6 yrs | B | 13.5% | +4.5% | 1.37% | ₹20,689 cr |
| Quant Multi Asset Allocation Fundquant Mutual Fund · 20.6 yrs | B | 19.7% | +10.8% | 2.14% | ₹6,730 cr |
| Aditya Birla Sun Life Multi Asset Allocation FundAditya Birla Sun Life Mutual Fund · 3.8 yrs | B | 15.1% | +6.2% | 1.78% | ₹7,413 cr |
| HDFC Multi Asset Allocation FundHDFC Mutual Fund · 20.6 yrs | B | 11.4% | +2.5% | 2.01% | ₹5,686 cr |
| Kotak Multi Asset Allocation FundKotak Mahindra Mutual Fund · 3.1 yrs | B | 15.5% | +6.6% | 1.78% | ₹14,716 cr |
| UTI Multi Asset Allocation FundUTI Mutual Fund · 17.9 yrs | B | 13.3% | +4.4% | 1.84% | ₹6,520 cr |
| Tata Multi Asset Allocation FundTata Mutual Fund · 6.7 yrs | C | 11.7% | +2.8% | 1.95% | ₹4,886 cr |
| Baroda BNP Paribas Multi Asset FundBaroda BNP Paribas Mutual Fund · 3.9 yrs | C | 13.5% | +4.6% | 2.04% | ₹1,378 cr |
| Axis Multi Asset Allocation FundAxis Mutual Fund · 16.2 yrs | C | 13.5% | +4.6% | 2.25% | ₹2,622 cr |
| Shriram Multi Asset Allocation FundShriram Mutual Fund · 3.1 yrs | C | 9.4% | +0.5% | 2.48% | ₹138 cr |
| 360 ONE Multi Asset Allocation Fund360 ONE Mutual Fund · 1.2 yrs | – | – | – | 2.12% | ₹516 cr |
| AlphaGrep Multi Asset Allocation FundAlphaGrep Mutual Fund · 0.3 yrs | – | – | – | 3.09% | ₹126 cr |
| Bandhan Multi Asset Allocation FundBandhan Mutual Fund · 2.8 yrs | – | – | – | 2.16% | ₹3,625 cr |
| Bajaj Finserv Multi Asset Allocation FundBajaj Finserv Mutual Fund · 2.4 yrs | – | – | – | 2.22% | ₹1,872 cr |
| Bank of India Multi Asset Allocation FundBank of India Mutual Fund · 2.7 yrs | – | – | – | 2.21% | ₹358 cr |
| Canara Robeco Multi Asset Allocation FundCanara Robeco Mutual Fund · 1.4 yrs | – | – | – | 2.32% | ₹1,337 cr |
| Capitalmind Multi Asset Allocation FundCapitalmind Mutual Fund · 0.6 yrs | – | – | – | 2.53% | ₹37 cr |
| Franklin India Multi Asset Allocation FundFranklin Templeton Mutual Fund · 1.3 yrs | – | – | – | 1.96% | ₹2,699 cr |
| Groww Multi Asset Allocation FundGroww Mutual Fund · 1.1 yrs | – | – | – | 2.67% | ₹377 cr |
| HSBC Multi Asset Allocation FundHSBC Mutual Fund · 2.7 yrs | – | – | – | 2.22% | ₹3,134 cr |
| ITI Multi Asset Allocation FundITI Mutual Fund · 0.2 yrs | – | – | – | 3.04% | ₹147 cr |
| Invesco India Multi Asset Allocation FundInvesco Mutual Fund · 1.9 yrs | – | – | – | 1.69% | ₹1,202 cr |
| JM Multi Asset Allocation FundJM Financial Mutual Fund · 0.3 yrs | – | – | – | 2.60% | ₹169 cr |
| LIC MF Multi Asset Allocation FundLIC Mutual Fund · 1.7 yrs | – | – | – | 2.38% | ₹926 cr |
| Mahindra Manulife Multi Asset Allocation FundMahindra Manulife Mutual Fund · 2.6 yrs | – | – | – | 1.91% | ₹1,206 cr |
| Mirae Asset Multi Asset Allocation FundMirae Asset Mutual Fund · 2.8 yrs | – | – | – | 2.13% | ₹3,583 cr |
| PGIM India Multi Asset Allocation FundPGIM India Mutual Fund · 0.9 yrs | – | – | – | 2.54% | ₹320 cr |
| Quantum Multi Asset Allocation FundQuantum Mutual Fund · 2.7 yrs | – | – | – | 2.03% | ₹55 cr |
| Samco Multi Asset Allocation FundSamco Mutual Fund · 1.8 yrs | – | – | – | 3.70% | ₹368 cr |
| Sundaram Multi Asset Allocation FundSundaram Mutual Fund · 2.8 yrs | – | – | – | 2.10% | ₹3,131 cr |
| The Wealth Company Multi Asset Allocation FundThe Wealth Company Mutual Fund · 0.9 yrs | – | – | – | 2.79% | ₹207 cr |
| Union Multi Asset Allocation FundUnion Mutual Fund · 2.1 yrs | – | – | – | 2.39% | ₹971 cr |
Direct plans (37)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| WhiteOak Capital Multi Asset Allocation FundWhiteOak Capital Mutual Fund · 3.5 yrs | A+ | 16.6% | +7.6% | 0.63% | ₹9,284 cr |
| DSP Multi Asset Allocation FundDSP Mutual Fund · 3.1 yrs | A+ | 18.2% | +9.1% | 0.62% | ₹10,836 cr |
| Nippon India Multi Asset Allocation FundNippon India Mutual Fund · 6.2 yrs | A | 18.4% | +9.3% | 0.48% | ₹18,049 cr |
| ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund · 13.8 yrs | A | 14.3% | +5.3% | 0.83% | ₹82,445 cr |
| Edelweiss Multi Asset Allocation FundEdelweiss Mutual Fund · 3.4 yrs | B | 7.5% | -1.6% | 0.79% | ₹2,972 cr |
| Quant Multi Asset Allocation Fundquant Mutual Fund · 13.8 yrs | B | 21.2% | +12.2% | 1.18% | ₹6,730 cr |
| SBI Multi Asset Allocation FundSBI Mutual Fund · 13.6 yrs | B | 14.4% | +5.4% | 0.67% | ₹20,689 cr |
| Aditya Birla Sun Life Multi Asset Allocation FundAditya Birla Sun Life Mutual Fund · 3.8 yrs | B | 16.6% | +7.5% | 0.67% | ₹7,413 cr |
| HDFC Multi Asset Allocation FundHDFC Mutual Fund · 13.8 yrs | B | 12.6% | +3.5% | 1.01% | ₹5,686 cr |
| Kotak Multi Asset Allocation FundKotak Mahindra Mutual Fund · 3.1 yrs | B | 17.1% | +8.0% | 0.65% | ₹14,716 cr |
| UTI Multi Asset Allocation FundUTI Mutual Fund · 13.8 yrs | B | 14.5% | +5.4% | 0.92% | ₹6,520 cr |
| Tata Multi Asset Allocation FundTata Mutual Fund · 6.7 yrs | C | 13.2% | +4.2% | 0.65% | ₹4,886 cr |
| Baroda BNP Paribas Multi Asset FundBaroda BNP Paribas Mutual Fund · 3.9 yrs | C | 14.8% | +5.8% | 0.89% | ₹1,378 cr |
| Axis Multi Asset Allocation FundAxis Mutual Fund · 13.8 yrs | C | 14.6% | +5.6% | 1.19% | ₹2,622 cr |
| Shriram Multi Asset Allocation FundShriram Mutual Fund · 3.1 yrs | C | 11.4% | +2.3% | 0.62% | ₹138 cr |
| 360 ONE Multi Asset Allocation Fund360 ONE Mutual Fund · 1.2 yrs | – | – | – | 0.66% | ₹516 cr |
| AlphaGrep Multi Asset Allocation FundAlphaGrep Mutual Fund · 0.3 yrs | – | – | – | 1.29% | ₹126 cr |
| Bandhan Multi Asset Allocation FundBandhan Mutual Fund · 2.8 yrs | – | – | – | 0.83% | ₹3,625 cr |
| Bajaj Finserv Multi Asset Allocation FundBajaj Finserv Mutual Fund · 2.4 yrs | – | – | – | 0.76% | ₹1,872 cr |
| Bank of India Multi Asset Allocation FundBank of India Mutual Fund · 2.7 yrs | – | – | – | 1.06% | ₹358 cr |
| Canara Robeco Multi Asset Allocation FundCanara Robeco Mutual Fund · 1.4 yrs | – | – | – | 0.96% | ₹1,337 cr |
| Capitalmind Multi Asset Allocation FundCapitalmind Mutual Fund · 0.6 yrs | – | – | – | 1.05% | ₹37 cr |
| Franklin India Multi Asset Allocation FundFranklin Templeton Mutual Fund · 1.3 yrs | – | – | – | 0.56% | ₹2,699 cr |
| Groww Multi Asset Allocation FundGroww Mutual Fund · 1.1 yrs | – | – | – | 1.01% | ₹377 cr |
| HSBC Multi Asset Allocation FundHSBC Mutual Fund · 2.7 yrs | – | – | – | 0.93% | ₹3,134 cr |
| ITI Multi Asset Allocation FundITI Mutual Fund · 0.2 yrs | – | – | – | 1.35% | ₹147 cr |
| Invesco India Multi Asset Allocation FundInvesco Mutual Fund · 1.9 yrs | – | – | – | 0.55% | ₹1,202 cr |
| JM Multi Asset Allocation FundJM Financial Mutual Fund · 0.3 yrs | – | – | – | 0.92% | ₹169 cr |
| LIC MF Multi Asset Allocation FundLIC Mutual Fund · 1.7 yrs | – | – | – | 1.07% | ₹926 cr |
| Mahindra Manulife Multi Asset Allocation FundMahindra Manulife Mutual Fund · 2.6 yrs | – | – | – | 0.60% | ₹1,206 cr |
| Mirae Asset Multi Asset Allocation FundMirae Asset Mutual Fund · 2.8 yrs | – | – | – | 0.63% | ₹3,583 cr |
| PGIM India Multi Asset Allocation FundPGIM India Mutual Fund · 0.9 yrs | – | – | – | 0.82% | ₹320 cr |
| Quantum Multi Asset Allocation FundQuantum Mutual Fund · 2.7 yrs | – | – | – | 0.44% | ₹55 cr |
| Samco Multi Asset Allocation FundSamco Mutual Fund · 1.8 yrs | – | – | – | 2.21% | ₹368 cr |
| Sundaram Multi Asset Allocation FundSundaram Mutual Fund · 2.8 yrs | – | – | – | 0.77% | ₹3,131 cr |
| The Wealth Company Multi Asset Allocation FundThe Wealth Company Mutual Fund · 0.9 yrs | – | – | – | 1.18% | ₹207 cr |
| Union Multi Asset Allocation FundUnion Mutual Fund · 2.1 yrs | – | – | – | 1.28% | ₹971 cr |
Common questions
What does a multi asset allocation fund invest in?
SEBI requires multi asset allocation funds to invest at least 10% in each of three asset classes, usually equity, debt and gold.
How many multi asset allocation funds beat their index over 3 years?
14 of 15 multi asset allocation funds (Regular plans with 3 years of history) beat their composite benchmark (60% Nifty 50 TRI + 40% bond funds) over the 3 years to 8 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.