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Tuesday, 21 Jul 2026 · IST
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SEBI sub-category

Multi Asset Allocation Fund funds

Funds
35
Direct plans only
Category 1Y avg
+11.72%
Category 5Y CAGR
+15.03%
Direct vs Regular
Direct Regular

5-Year return distribution

How the 35 Multi Asset Allocation Fund funds spread across return buckets. Taller bars = more funds in that band.

Risk vs Return — Multi Asset Allocation Fund

Each dot is a fund. Up-and-left = high return for low risk (the sweet spot). Down-and-right = under-performing with high volatility. Colour = 5-year peer quartile.

Q1 (top 25%) Q2 Q3 Q4 (bottom 25%) 8 funds plotted

All Multi Asset Allocation Fund funds

Sort by: 1Y 3Y 5Y 7Y 10Y
# Scheme 5Y
1 quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan
Quant
 +20.51%
2 ICICI Prudential Multi-Asset Fund - Direct Plan - Growth
ICICI Prudential
 +18.04%
3 Nippon India Multi Asset Allocation Fund - Direct Plan - Growth Option
Nippon India
 +16.38%
4 UTI Multi Asset Allocation Fund - Direct Plan - Growth Option
UTI
 +14.35%
5 SBI MULTI ASSET ALLOCATION FUND - DIRECT PLAN - GROWTH
SBI
 +14.26%
6 Tata Multi Asset Allocation Fund-Direct Plan-Growth
Tata
 +13.80%
7 HDFC Multi-Asset Fund - Growth Option - Direct Plan
HDFC
 +12.14%
8 Axis Multi Asset Allocation Fund - Direct Plan - Growth Option
Axis
 +10.81%
9 360 ONE Multi Asset Allocation Fund - Direct Plan - Growth
360 ONE
 —
10 Aditya Birla Sun Life Multi Asset Allocation Fund-Direct Growth
Aditya Birla Sun Life
 —
11 Bajaj Finserv Multi Asset Allocation Fund - Direct Growth
Bajaj Finserv
 —
12 Bandhan Multi Asset Allocation Fund - Direct Plan - Growth
Bandhan
 —
13 Bank of India Multi Asset Allocation Fund-Direct Plan-Growth
Bank of India
 —
14 Baroda BNP Paribas Multi Asset Fund - Direct Plan - Growth Option
Baroda BNP Paribas
 —
15 Canara Robeco Multi Asset Allocation Fund - Direct Plan - Growth
Canara Robeco
 —
16 Capitalmind Multi Asset Allocation Fund-Direct-Growth
—
 —
17 DSP Multi Asset Allocation Fund - Direct - Growth
DSP
 —
18 Edelweiss Multi Asset Allocation Fund - Direct Plan - Growth
Edelweiss
 —
19 Franklin India Multi Asset Allocation Fund- Direct-Growth
Franklin India
 —
20 Groww Multi Asset Allocation Fund Direct Growth
Groww
 —
21 HSBC Multi Asset Allocation Fund - Direct - Growth
HSBC
 —
22 Invesco India Multi Asset Allocation Fund - Direct Plan - Growth
Invesco
 —
23 Kotak Multi Asset Active FOF - Direct - Growth
Kotak
 —
24 Kotak Multi Asset Allocation Fund - Direct Plan - Growth Option
Kotak
 —
25 LIC MF Multi Asset Allocation Fund-Direct Plan-Growth
LIC
 —
26 Mahindra Manulife Multi Asset Allocation Fund- Direct Plan - Growth
Mahindra Manulife
 —
27 Mirae Asset Multi Asset Allocation Fund - Direct Plan - Growth
Mirae Asset
 —
28 PGIM India Multi Asset Allocation Fund - Direct Plan - Growth Option
PGIM India
 —
29 Quantum Multi Asset Allocation Fund - Direct Plan Growth Option
Quantum
 —
30 Samco Multi Asset Allocation Fund - Direct Plan - Growth
Samco
 —
31 Shriram Multi Asset Allocation Fund - Direct Growth
Shriram
 —
32 Sundaram Multi Asset Allocation Fund Direct Plan Growth
Sundaram
 —
33 The Wealth Company Multi Asset Allocation Fund - Direct Growth
—
 —
34 Union Multi Asset Allocation Fund- Direct Plan - Growth Option
Union
 —
35 WhiteOak Capital Multi Asset Allocation Fund Direct Plan Growth
WhiteOak Capital
 —

Direct plans typically outperform Regular plans by around 50 basis points per year because they carry no distributor commission. The "Peer Q (5Y)" column shows the fund's quartile within this category over the 5-year window: Q1 = top 25%.

Frequently asked questions

Generated from this category's live aggregates — average returns, fund counts, quartile spreads. Updated daily.

Multi Asset Allocation Fund is a SEBI-defined mutual-fund category. Each scheme in it must follow the asset-allocation and exposure rules set out in the SEBI October-2017 categorisation circular. Hybrid bucket for tax purposes.
We currently track 35 active Multi Asset Allocation Fund schemes (Direct plan, Growth option). The list updates daily after AMFI publishes new NAVs and SEBI re-classifies schemes. 2 of them sit in the top quartile by 5-year CAGR.
Over the last 5 years, the average Multi Asset Allocation Fund (Direct plan) has returned 15.03% CAGR — that turns ₹1 lakh into roughly ₹201,441. Over the last 12 months the category averaged 11.72%. Top-quartile funds in this category typically beat the average by 3-6 percentage points per year — fund selection within a category matters more than the category choice itself.
Over the trailing 5-year window, the highest-returning Multi Asset Allocation Fund in our database is **quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan** (Quant) with a CAGR of 20.51%. The category average is 15.03%. Past performance is no guarantee of future returns — top-quartile funds in one window often slip in the next.
The best 1-year return in the Multi Asset Allocation Fund category right now is **360 ONE Multi Asset Allocation Fund - Direct Plan - Growth** (360 ONE) at 21.67%. 1-year numbers are noisy and shouldn't be the sole basis for picking — cross-check rolling returns and 5-year CAGR before deciding.
Across all Multi Asset Allocation Fund schemes with 5 years of history, the 5-year CAGR ranges from 10.81% (worst) to 20.51% (best), with a median of 14.35%. That spread of about 10 percentage points between top and bottom is a useful gauge of how much fund selection matters in this category.
On ProfitGuruOnline you can browse either Multi Asset Allocation Fund Direct plans (lower expense ratio, no broker commission baked in) or Regular plans (sold through distributors). Use the filter on the category page. Direct typically outperforms Regular by 0.5-1% per year in the same scheme — meaningful over 10+ years.
Multi Asset Allocation Fund is a Hybrid scheme — tax follows the actual equity allocation. ≥65% equity behaves like an equity fund; under 35% equity is taxed as debt. Check the AMC's monthly factsheet for the current allocation.
SIP suits hybrid/balanced categories because the in-built equity exposure benefits from rupee-cost averaging. Hybrid funds also rebalance internally so you don't have to manually shift between equity and debt.
Match the horizon to the Hybrid bucket: equity ≥5 years, debt 1-3 years (or per modified duration), hybrid 3-5 years.
Moderate risk. Equity portion brings volatility, debt portion cushions it. Aggressive hybrid (65-80% equity) is closer to pure equity in drawdown profile; conservative hybrid is closer to debt.
Two or three schemes from different AMCs is usually enough for a single category. Beyond that you'd be re-creating the category average minus your selection cost. Focus on consistency (% of rolling-return windows that ended positive) over chasing top performers — top quartile rarely repeats.
Quarterly is plenty for monitoring NAVs and aggregate gain; annually (or after major regulatory changes like Budget 2024) is the right cadence for re-evaluating against alternatives. Don't churn based on 1-month or even 1-year underperformance — equity funds need 3-5 year horizons to fairly judge.
We rank funds within each category by point-to-point CAGR over the chosen window (1Y, 3Y, 5Y, 7Y, 10Y, since inception), then assign quartile and decile bands so any fund's standing relative to peers is one click away. Numbers are recomputed nightly after AMFI's NAV publish.
Daily NAVs are pulled directly from AMFI's published feed. Category classification uses SEBI's October-2017 mutual-fund categorisation circular. We compute returns, rolling-window stats, SIP backtests, drawdowns and Sharpe ratios in-house — no third-party feeds, no hidden adjustments.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.