Shares, bonds and gold together. At least 10% each in three or more asset classes, such as shares, debt and gold.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Quant Multi Asset Allocation Fund (+19.6% a year), Nippon India Multi Asset Allocation Fund (+15.8% a year) and DSP Multi Asset Allocation Fund (+15.5% a year). Past returns do not tell you future returns.
| +7.6% | +19.6% | +16.3% | 1/15 | 2.15% | ₹6,691 cr | |
Nippon India Multi Asset Allocation Fund Nippon India | +2.2% | +15.8% | +12.3% | 2/15 | 1.45% | ₹18,130 cr |
| +3.5% | +15.5% | — | 3/15 | 1.57% | ₹10,902 cr | |
WhiteOak Capital Multi Asset Allocation Fund WhiteOak Capital | +5.6% | +14.7% | — | 4/15 | 1.66% | ₹9,284 cr |
Kotak Multi Asset Allocation Fund Kotak Mahindra | +3.1% | +14.3% | — | 5/15 | 1.77% | ₹14,716 cr |
Aditya Birla Sun Life Multi Asset Allocation Fund Aditya Birla Sun Life | +4.1% | +14.1% | — | 6/15 | 1.78% | ₹7,443 cr |
| +1.7% | +12.7% | +11.4% | 7/15 | 1.38% | ₹20,828 cr | |
| -1.7% | +12.7% | +11.5% | 8/15 | 1.85% | ₹6,546 cr | |
Baroda BNP Paribas Multi Asset Fund Baroda BNP Paribas | +0.6% | +12.4% | — | 9/15 | 2.04% | ₹1,392 cr |
| +1.5% | +12.4% | +6.9% | 10/15 | 2.27% | ₹2,615 cr | |
ICICI Prudential Multi Asset Allocation Fund ICICI Prudential | -3.0% | +12.1% | +13.1% | 11/15 | 1.43% | ₹83,186 cr |
| -2.5% | +10.4% | +9.4% | 12/15 | 1.96% | ₹4,931 cr | |
| -1.5% | +10.4% | +9.2% | 13/15 | 2.02% | ₹5,731 cr | |
| +0.0% | +8.5% | — | 14/15 | 2.48% | ₹139 cr | |
| +5.9% | +7.2% | — | 15/15 | 1.12% | ₹2,972 cr | |
| +5.5% | — | — | — | 2.12% | ₹515 cr | |
| — | — | — | — | 3.09% | ₹129 cr | |
Bajaj Finserv Multi Asset Allocation Fund Bajaj Finserv | +0.0% | — | — | — | 2.23% | ₹1,883 cr |
| +4.4% | — | — | — | 2.16% | ₹3,645 cr | |
Bank of India Multi Asset Allocation Fund Bank of India | +2.4% | — | — | — | 2.21% | ₹358 cr |
Canara Robeco Multi Asset Allocation Fund Canara Robeco | +3.2% | — | — | — | 2.34% | ₹1,348 cr |
Capitalmind Multi Asset Allocation Fund Capitalmind | — | — | — | — | 2.53% | ₹37 cr |
Franklin India Multi Asset Allocation Fund Franklin Templeton | +0.7% | — | — | — | 1.97% | ₹2,713 cr |
| -1.3% | — | — | — | 2.68% | ₹379 cr | |
| +4.2% | — | — | — | 2.25% | ₹3,138 cr | |
| — | — | — | — | 3.05% | ₹149 cr | |
| +5.2% | — | — | — | 1.68% | ₹1,207 cr | |
JM Multi Asset Allocation Fund JM Financial | — | — | — | — | 2.60% | ₹168 cr |
| -3.7% | — | — | — | 2.39% | ₹933 cr | |
Mahindra Manulife Multi Asset Allocation Fund Mahindra Manulife | +3.6% | — | — | — | 1.90% | ₹1,213 cr |
Mirae Asset Multi Asset Allocation Fund Mirae Asset | +3.6% | — | — | — | 2.13% | ₹3,603 cr |
PGIM India Multi Asset Allocation Fund PGIM India | — | — | — | — | 2.54% | ₹321 cr |
| -3.7% | — | — | — | 2.03% | ₹55 cr | |
| -0.9% | — | — | — | 3.70% | ₹369 cr | |
| -2.7% | — | — | — | 2.10% | ₹3,141 cr | |
| +2.4% | — | — | — | 2.41% | ₹976 cr | |
The Wealth Company Multi Asset Allocation Fund The Wealth Company | — | — | — | — | 2.79% | ₹209 cr |
The largest funds in the category, two at a time
Answered from the figures above, updated every business day
37 funds, managing ₹2.22 lakh cr between them as of 3 Nov 2026. The largest is ICICI Prudential Multi Asset Allocation Fund, at ₹83,186 cr.
The average Multi Asset Allocation fund returned +1.6% over the last year, +12.9% a year over three years, +11.3% a year over five years. Over the last year the funds ranged from -3.7% to +7.6%. Past returns do not tell you future returns.
Edelweiss Multi Asset Allocation Fund, at 1.12% a year, against 2.13% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Quant Multi Asset Allocation Fund, at +19.6% a year over the last three years, against +12.9% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 11.5%: the higher it is, the more the price swings from day to day. 27 of 37 carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.
Looking at a different kind of fund? See every category.
NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.