Multi Asset Allocation Funds invest across multiple asset classes, such as equity, debt, gold, and other securities, to provide diversification within a single investment. By spreading investments across different asset classes, these funds aim to reduce the impact of market volatility while offering the potential for long-term wealth creation.
For investors looking to make a lump sum investment, multi asset allocation funds can offer a balanced approach by combining growth-oriented and relatively stable assets in one portfolio. In this article, we look at some of the best Multi Asset Allocation Funds for July 2026 based on factors such as 5-year CAGR, assets under management (AUM), expense ratio, and recent performance.
| Fund Name | AUM (₹ Cr) | 5Y CAGR | Expense Ratio (%) | 3Y CAGR |
| Quant Multi Asset Allocation Fund | 5,615.03 | 20.99% | 1.16 | 24.84% |
| Nippon India Multi Asset Allocation Fund | 15,481.06 | 16.71% | 0.32 | 20.36% |
| Axis Multi Asset Allocation Fund | 2,293.05 | 11.24% | 0.86 | 14.57% |
| SBI Multi Asset Allocation Fund | 19,354.25 | 14.58% | 0.61 | 17.38% |
| Tata Multi Asset Allocation Fund | 5,113.79 | 14.09% | 0.44 | 15.22% |
| ICICI Pru Multi-Asset Fund | 83,883.51 | 18.33% | 0.52 | 17.26% |
| UTI Multi Asset Allocation Fund | 6,890.13 | 14.54% | 0.78 | 17.08% |
| HDFC Multi-Asset Allocation Fund | 5,887.61 | 12.41% | 0.85 | 13.29% |
It has delivered an annualised return of 16.19% since inception. The fund is classified as High Risk by SEBI. It has a standard deviation of 9.77%, which is lower than the category average of 10.76%, indicating relatively lower volatility than its peers. In terms of portfolio allocation, equity accounts for 72.25% of the fund's holdings, while 25.18% is allocated to other assets, reflecting its diversified multi-asset investment strategy.
It has delivered an annualised return of 16.3% since inception. The fund is classified as Very High Risk by SEBI. It has a standard deviation of 9.62%, which is lower than the category average of 10.76%, indicating comparatively lower volatility than its peers. The fund has a diversified portfolio, with 66.64% invested in equities. Within its equity allocation, private banks form the largest sector exposure at 15.99%, reflecting the fund's focus on the financial sector alongside investments across multiple asset classes.
It has delivered an annualised return of 18.3% since inception. The fund is classified as Very High Risk by SEBI. It has a standard deviation of 11.03%, slightly higher than the category average of 10.76%, indicating relatively higher volatility than its peers. The fund maintains a diversified portfolio, with 54.64% invested in equities, while 22.5% is allocated to other asset classes, supporting its multi-asset investment strategy.
It has delivered an annualised return of 12.55% since inception. The fund is classified as Very High Risk by SEBI. It has a standard deviation of 8.86%, which is lower than the category average of 10.76%, indicating relatively lower volatility compared with its peers. The fund follows a diversified investment approach, with 46.77% of its portfolio allocated to equities, while 17.68% is invested in other asset classes, helping provide exposure across multiple investment avenues.
It has delivered an annualised return of 10.24% since inception. The fund is classified as Very High Risk by SEBI. It has a standard deviation of 11.22%, which is slightly higher than the category average of 10.76%, indicating relatively higher volatility than its peers. The fund follows a diversified investment strategy, with 65.61% of its portfolio invested in equities, while 20.4% is allocated to other asset classes, providing exposure across multiple investment categories.
Multi Asset Allocation Funds offer exposure to multiple asset classes through a single scheme, making them a convenient choice for investors looking to diversify their portfolios. While past returns and fund size can provide useful insights, they should not be the sole basis for an investment decision.
Comparing factors such as portfolio allocation, volatility, and costs can help investors make a more informed choice. Investors planning to invest in mutual funds can do so through a registered investment platform or a demat account, depending on their preferred mode of investing, after assessing their financial goals and risk tolerance.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 6, 2026, 11:37 AM IST
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