Multi-asset allocation mutual funds are an attractive choice for investors looking to diversify their investment portfolios in stocks, bonds, and other securities. Investors like them because of their high returns. Multi-asset funds are a type of hybrid funds. In this blog, we will cover the best multi-asset allocation funds, with an emphasis on their performance over the previous three years.
10 Best Multi Asset Allocation Funds in India
1) Quant Multi Asset Fund
It was launched on 01-01-13. It is a growth plan and it can be beneficial for investors who are eyeing Multi Asset Allocation of funds. The scheme has invested in some of the top stocks like Reliance Industries Ltd, HDFC Bank Ltd, Jio Financial Services Ltd, and Adani Power Ltd. Currently, the fund has allocated 58.42% to equities and 5.32% to debt. The last year’s direct growth returns for Quant Multi Asset Funds are 49.45%.
- NAV: ₹141.7098 (as of 11-07-24)
- AUM: ₹2542 Cr
- Expense Ratio: 0.67%
- 1-year return: 48.20%
- 3-year Return: 25.46%
2) ICICI Prudential Multi-Asset Fund
It was launched on 01-01-13. Currently, the fund has allocated 14.03% to Debt and 53.40% to equity.
- NAV: ₹756.4047 (as of 11-07-24)
- AUM: ₹43,928 Cr
- Expense Ratio: 0.76%
- 1-year return: 34.78%
- 3-year Return: 24.75%
3)UTI Multi Asset Allocation Fund
This scheme was launched on 01-01-13. The majority of the fund’s stock is invested in sectors like finance, energy, and automobiles.
- NAV: ₹78.9879 (as of 11-07-24)
- AUM: ₹2,418 Cr
- Expense Ratio: 1.09%
- 1-year return: 39.48%
- 3-year Return: 19.45%
4)HDFC Multi-Asset Fund
It was also launched on 01-01-13. With the HDFC brand name, this fund can be a suitable choice for investors seeking Multi Asset Allocation funds.
- NAV: ₹73.0900 (as of 11-07-24)
- AUM: ₹3,141 Cr
- Expense Ratio: 0.82%
- 1-year return: 25.80%
- 3-year Return: 15.71%
5)SBI Multi Asset Allocation Fund
This scheme was initiated on 19-03-13. SBI Multi Asset Allocation Fund is a hybrid fund. Currently, the fund has a 36.41% allocation to Debt and a 37.07% allocation to equity.
- NAV: ₹60.7976 (as of 11-07-24)
- AUM: ₹5309 Cr
- Expense Ratio: 0.55%
- 1-year return: 31.12%
- 3-year Return: 16.84%
6)Axis Multi Asset Allocation Fund
This scheme was Launched on 01-01-13. With an expense ratio of 1.21%, the fund is more expensive than the majority of similar Multi Asset Allocation funds. Currently, the fund has allocated 71.33% to equities and 12.38% to debt.
- NAV: ₹43.2807 (as of 11-07-24)
- AUM: ₹1197 Cr
- Expense Ratio: 1.21%
- 1-year return: 23.83%
- 3-year Return: 11.80%
7) Nippon India Multi Asset Fund
It was launched on 07-08-20. The top 5 holdings of this fund are Nippon India ETF Gold BeES, GOI, HDFC Bank Ltd., IShares MSCI World ETF, and ICICI Bank Ltd. Currently, the fund has allocated 12.39% to debt and 69.04% to equities.
- NAV: ₹20.9794 Cr (as of 11-07-24)
- AUM: 3,602.76 Cr
- Expense Ratio: 0.29%
- 1-year return: 36.46%
- 3-year Return: 19.12%
8) Tata Multi-Asset Opportunities Fund
This scheme was launched on 04-03-20. The majority of the fund’s equity investments are in finance, energy, construction, healthcare, and technology. GOI, ICICI Bank Ltd., Reliance Industries Ltd., State Bank of India, and Larsen & Toubro Ltd. are the fund’s top 5 holdings.
- NAV: ₹24.1496 (as of 11-07-24)
- AUM: ₹3,051 Cr
- Expense Ratio: 0.38%
- 1-year return: 30.23%
- 3-year Return: 18.12%
9) Baroda BNP Paribas Multi Asset Allocation Fund
It was launched on 26-12-22. The majority of the fund’s stock is invested in sectors like finance, unclassified, energy, automobiles, and technology. The top 5 holdings of this fund are Reliance Industries Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Nippon India ETF Gold BeES, and Baroda BNP Paribas Gold ETF.
- NAV: ₹14.5922 (as of 11-07-24)
- AUM: ₹1180 Cr
- Expense Ratio: 0.90%
- 1-year return: 35.98%
10) Aditya Birla Sun Life Multi Asset Fund
It was launched on 11-01-2023. Currently, the fund has allocated 15.70% to debt and 62.35% allocation to equity. The direct growth returns of the Aditya Birla Sun Life Multi Asset Allocation Fund since its inception is around 26.73%.
- NAV: ₹14.0074 (as of 11-07-24)
- AUM: ₹3,370.93 Cr
- Expense Ratio: 0.43%
- 1-year return: 27.80%
To Wrap Up
Investing in best multi asset allocation mutual funds can be a smart way to diversify your portfolio and possibly earn greater returns in the long run. The above-mentioned funds have performed well over the past three years, demonstrating their capacity to handle market volatility and capitalize on opportunities in a variety of asset classes. Before making an investment, investors must consider their investing goals, risk tolerance, and time horizon.
