Top-rated multi asset allocation funds: November 2026

The 4 multi asset allocation schemes rated A+ or A on their track record this month, out of 15 rated Regular plans: why each one rates well, what changed since last month, and how much they overlap. Data as of 11 Nov 2026.

Each fund is compared only with other multi asset allocation funds of the same plan type: return over 60% Nifty 50 TRI + 40% bond funds, how consistently it was earned, risk, cost and portfolio. How the ratings work.

1. WhiteOak Capital Multi Asset Allocation Fund

WhiteOak Capital Mutual Fund · AUM ₹9,284 cr · 3.5 years

Regular A+ · #1 of 15 · expense ratio 1.65% · Direct A+ · #1 of 15 · expense ratio 0.63%

Returned 15.3% a year over 3 years (Regular plan), +6.2% a year against 60% Nifty 50 TRI + 40% bond funds; the median fund: +4.7%.
In falling months it fell 8% as much as the index (median fund: 66%).
Its deepest fall in the last 3 years was 6.1% (median fund: 10.9%).

A short record: 3.5 years. Ratings on short records change more.

2. DSP Multi Asset Allocation Fund

DSP Mutual Fund · AUM ₹10,836 cr · 3.1 years

Regular A+ · #2 of 15 · expense ratio 1.57% · Direct A+ · #2 of 15 · expense ratio 0.62%

Returned 17.0% a year over 3 years (Regular plan), +7.8% a year against 60% Nifty 50 TRI + 40% bond funds; the median fund: +4.7%.
In falling months it fell 20% as much as the index (median fund: 66%).
Its deepest fall in the last 3 years was 9.9% (median fund: 10.9%).

A short record: 3.1 years. Ratings on short records change more.

3. Nippon India Multi Asset Allocation Fund

Nippon India Mutual Fund · AUM ₹18,049 cr · 6.2 years

Regular A · #4 of 15 · expense ratio 1.45% · Direct A · #3 of 15 · expense ratio 0.48%

Returned 17.2% a year over 3 years (Regular plan), +8.1% a year against 60% Nifty 50 TRI + 40% bond funds; the median fund: +4.7%.
Ahead of 60% Nifty 50 TRI + 40% bond funds in 100% of rolling 3-year periods (median fund: 100%).
In falling months it fell 56% as much as the index (median fund: 66%).
Its deepest fall in the last 3 years was 10.9% (median fund: 10.9%).

4. ICICI Prudential Multi Asset Allocation Fund

ICICI Prudential Mutual Fund · AUM ₹82,445 cr · 13.9 years

Regular A · #5 of 15 · expense ratio 1.41% · Direct A · #5 of 15 · expense ratio 0.83%

Returned 13.8% a year over 3 years (Regular plan), +4.7% a year against 60% Nifty 50 TRI + 40% bond funds; the median fund: +4.7%.
Ahead of 60% Nifty 50 TRI + 40% bond funds in 100% of rolling 3-year periods (median fund: 100%).
In falling months it fell 70% as much as the index (median fund: 66%).
Its deepest fall in the last 3 years was 9.6% (median fund: 10.9%).

No fund joined or left the shortlist since last month.

Holding two of them? Check the overlap

The share of their portfolios two funds hold in common (portfolios of October 2026). Above about half, two funds are close to one bet.

Funds	Overlap
DSP Multi Asset Allocation Fund + Nippon India Multi Asset Allocation Fund	18%

Check the overlap of your own funds

Which of these suits you?

That depends on your goal, your other funds and how much overlap you hold. Tell us what you have and we'll look at it with you.

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All 74 multi asset allocation plans, with every rating · Other categories

Common questions

Which multi asset allocation funds are rated A+ in November 2026?

Among Regular plans: WhiteOak Capital Multi Asset Allocation Fund, DSP Multi Asset Allocation Fund. 4 schemes are rated A+ or A in at least one plan. Ratings compare each fund with its own category and plan type, on its record against 60% Nifty 50 TRI + 40% bond funds.

Is the top-rated multi asset allocation fund the best one to invest in?

Not necessarily. The rating describes the track record so far: return over the index, how consistently it was earned, risk, cost and portfolio. Our own backtest found that top ratings did not reliably predict the next three years. Use the shortlist to avoid weak records, then choose for your goal, the funds you already hold, and how much overlap you can accept.

Direct plan or Regular plan?

The same portfolio. A Direct plan has no distributor commission, so its expense ratio is lower and its return slightly higher. A Regular plan pays a distributor such as us, through the expense ratio, for advice and service. Plans are rated separately: Regular against Regular, Direct against Direct.

How often does this list change?

Returns update every weekday, but ratings change twice a month: on the 11th and the 16th, after fund houses publish their monthly portfolios.

Ratings describe past track records and are not a recommendation to buy or sell, or a forecast. Mutual fund investments are subject to market risks; read the scheme documents before investing.