Multi asset allocation mutual funds are those investing in at least three asset classes, including debt, equities and commodities like gold. There has to be a minimum allocation of 10% to each of these asset classes, and these funds are tailored to lower risks through proper diversification. The aim here is to ensure balanced returns, and fund managers adjust allocations dynamically based on market conditions. This is done to leverage market opportunities and minimise overall volatility in turn.

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List of Multi Asset Allocation Mutual Funds in India

Fund Name	Category	Risk	NAV	Expense Ratio	1Y Returns	3Y Returns	5Y Returns	Rating	Fund Size (in Cr)	Exit Load
Nippon India Multi - Asset Omni FoF Fund	Hybrid	Very High	23.37	0.14	12.8%	20.9%	NA	5	₹1,265	Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 12 Months. See more
Nippon India Multi Asset Active FoF Fund	Hybrid	Very High	NA	-	8.5%	20.0%	NA	5	₹907	-
ICICI Prudential Multi Asset Fund	Hybrid	Very High	876.53	0.69	13.4%	20.0%	25.3%	5	₹67,999	Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 365 days. See more
Nippon India Multi Asset Allocation Fund	Hybrid	Very High	24.79	0.28	15.9%	21.3%	19.1%	4	₹7,759	Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. See more
Kotak Multi Asset Allocator FoF - Dynamic Fund	Hybrid	Very High	NA	-	5.3%	18.8%	20.3%	4	₹1,857	-
SBI Multi Asset Allocation Fund	Hybrid	Very High	69.95	0.62	13.3%	18.3%	16.1%	4	₹10,484	For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months See more
HDFC Multi-Asset Active FoF Fund	Hybrid	High	19.93	0.07	12.0%	17.1%	NA	4	₹4,792	Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 365 days. See more
HDFC Multi Asset Fund	Hybrid	High	82.98	0.77	10.8%	15.8%	16.4%	4	₹4,929	Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 12 months. See more
ICICI Prudential Asset Allocator Fund	Hybrid	High	136.34	0.2	9.7%	15.2%	16.2%	4	₹27,750	Exit Load for units in excess of 30% of the investment,1% will be charged for redemption within 1 year. See more
Franklin India Income Plus Arbitrage Active FoF Fund	Hybrid	Moderate	24.16	0.24	13.8%	15.0%	15.7%	4	₹76	-
UTI Multi Asset Allocation Fund	Hybrid	Very High	85.90	0.58	9.6%	20.3%	16.7%	3	₹6,375	Exit load of 1%, if redeemed within 30 days.
Kotak Multi Asset Omni FoF Fund	Hybrid	Very High	267.44	0.4	12.2%	20.0%	20.8%	3	₹1,963	Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 365 days See more
Aditya Birla Sun Life Multi-Asset Omni FoF Fund	Hybrid	Very High	37.10	0.21	12.3%	18.3%	17.1%	3	₹244	Exit load of 1% if redeemed within 1 year
Tata Multi Asset Allocation Fund	Hybrid	Very High	27.09	0.4	10.9%	16.4%	18.5%	3	₹4,277	Exit load of 0.50%, if redeemed within 30 days.
Aditya Birla Sun Life Asset Allocator FoF Fund	Hybrid	Very High	NA	-	3.7%	16.2%	16.7%	3	₹227	-
View All

Who Should Invest in Multi Asset Allocation Mutual Funds?

You should only invest in multi asset allocation funds if you are:

A beginner seeking diversified market exposure without having to handle multiple accounts.
A conservative investor who wants market growth with lower risks and higher stability.
A long-term investor who wants wealth creation across multiple market cycles.
An investor who does not want to manage allocation between debt, equity and other market segments actively.

Factors to Consider Before Investing in Multi Asset Allocation Mutual Funds

Some of the factors to consider before investing in multi asset allocation mutual funds include:

The fund should sync with your specific investment goals and risk appetite. Multi-asset funds have varying risk profiles based on equity allocation. You should select one that matches your level of comfort.
Consider your investment horizon. These funds are often ideal for medium to long-term objectives.
Check the fund manager’s track record and expertise carefully.
Review the historical performance of the fund in multiple market cycles.
Compare the expense ratios of multiple similar funds, since a lower ratio will give you higher net returns.
Check the asset allocation strategy of the fund in question. The diversification should sync with your risk tolerance and objectives.
Check the liquidity of the fund, i.e. how swiftly you can withdraw your funds when you need them.

Major Advantages While Investing in Multi Asset Allocation Funds

Some of the main advantages of investing in these funds include:

Diversification- You can use these funds to diversify your investments across multiple asset classes and lower risks simultaneously.
Easier investments- Fluctuations across varying market cycles can be managed better due to the diverse mix of assets in these funds.
Professional management- These funds are managed by experienced professionals who adjust portfolios to optimise investor returns.
Higher convenience- You can use a single fund to access multiple asset classes, without having to rebalance or track each individual exposure separately.
SIP option- Many of these funds offer SIP (systematic investment plan) options. You can invest smaller amounts every month for maximum convenience.

Risks Involved While Investing in Multi Asset Allocation Funds

Some of the risks of investing in these funds include:

Returns are always subject to market risks, particularly if all the asset classes underperform together.
Expense ratios are often higher for these funds and may eat into your net returns.
Exit load fees may apply in case you redeem your fund units before a particular holding period. You should check the SID (scheme information document) with care before investing.

Taxation of Multi Asset Allocation Funds

The tax treatment of these funds depends on the underlying mix of assets, especially the portion that is allotted for equity. If the fund maintains the majority equity allocation as per regulatory guidelines, it will be taken as an equity-oriented fund for taxation purposes. It may otherwise be perceived as a debt-oriented fund.

Let's have a closer look

Now let us jump and check about these top 15 mutual fund schemes.

Nippon India Multi Asset Omni FoF Direct Growth

Fund Performance: The Nippon India Multi - Asset Omni FoF Fund comes under the Hybrid category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Multi - Asset Omni FoF Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt	₹5,000
AUM	₹1,265Cr
1Y Returns	12.8%

Nippon India Multi Asset Active FoF Direct Growth

Fund Performance: The Nippon India Multi Asset Active FoF Fund comes under the Hybrid category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Multi Asset Active FoF Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt	₹5,000
AUM	₹907Cr
1Y Returns	8.5%

ICICI Prudential Multi Asset Fund Direct Growth

Fund Performance: The ICICI Prudential Multi Asset Fund has given 19.97% annualized returns in the past three years and 25.34% in the last 5 years. The ICICI Prudential Multi Asset Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in ICICI Prudential Multi Asset Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt	₹5,000
AUM	₹67,999Cr
1Y Returns	13.4%

Nippon India Multi Asset Allocation Fund Direct Growth

Fund Performance: The Nippon India Multi Asset Allocation Fund has given 21.33% annualized returns in the past three years and 19.15% in the last 5 years. The Nippon India Multi Asset Allocation Fund comes under the Hybrid category of Nippon India Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Nippon India Multi Asset Allocation Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt	₹5,000
AUM	₹7,759Cr
1Y Returns	15.9%

Kotak Multi Asset Allocator FoF Dynamic Direct Growth

Fund Performance: The Kotak Multi Asset Allocator FoF - Dynamic Fund has given 18.81% annualized returns in the past three years and 20.33% in the last 5 years. The Kotak Multi Asset Allocator FoF - Dynamic Fund comes under the Hybrid category of Kotak Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Kotak Multi Asset Allocator FoF - Dynamic Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt	₹100
AUM	₹1,857Cr
1Y Returns	5.3%

SBI Multi Asset Allocation Fund Direct Growth

Fund Performance: The SBI Multi Asset Allocation Fund has given 18.26% annualized returns in the past three years and 16.14% in the last 5 years. The SBI Multi Asset Allocation Fund comes under the Hybrid category of SBI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in SBI Multi Asset Allocation Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt	₹5,000
AUM	₹10,484Cr
1Y Returns	13.3%

HDFC Multi Asset Active FoF Direct Growth

Fund Performance: The HDFC Multi-Asset Active FoF Fund comes under the Hybrid category of HDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in HDFC Multi-Asset Active FoF Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt	₹100
AUM	₹4,792Cr
1Y Returns	12.0%

HDFC Multi Asset Fund Direct Growth

Fund Performance: The HDFC Multi Asset Fund has given 15.79% annualized returns in the past three years and 16.45% in the last 5 years. The HDFC Multi Asset Fund comes under the Hybrid category of HDFC Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in HDFC Multi Asset Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt	₹100
AUM	₹4,929Cr
1Y Returns	10.8%

ICICI Prudential Asset Allocator Fund (FOF) Direct Growth

Fund Performance: The ICICI Prudential Asset Allocator Fund has given 15.24% annualized returns in the past three years and 16.19% in the last 5 years. The ICICI Prudential Asset Allocator Fund comes under the Hybrid category of ICICI Prudential Mutual Funds.

Min Investment Amt	₹5,000
AUM	₹27,750Cr
1Y Returns	9.7%

Franklin India Income Plus Arbitrage Active FoF Direct Growth

Fund Performance: The Franklin India Income Plus Arbitrage Active FoF Fund has given 15.01% annualized returns in the past three years and 15.67% in the last 5 years. The Franklin India Income Plus Arbitrage Active FoF Fund comes under the Hybrid category of Franklin Templeton Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Franklin India Income Plus Arbitrage Active FoF Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt	₹5,000
AUM	₹76Cr
1Y Returns	13.8%

UTI Multi Asset Allocation Fund Direct Growth

Fund Performance: The UTI Multi Asset Allocation Fund has given 20.25% annualized returns in the past three years and 16.73% in the last 5 years. The UTI Multi Asset Allocation Fund comes under the Hybrid category of UTI Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in UTI Multi Asset Allocation Fund via lump sum is ₹5,000 and via SIP is ₹500.

Min Investment Amt	₹5,000
AUM	₹6,375Cr
1Y Returns	9.6%

Kotak Multi Asset Omni FoF Direct Growth

Fund Performance: The Kotak Multi Asset Omni FoF Fund has given 20% annualized returns in the past three years and 20.8% in the last 5 years. The Kotak Multi Asset Omni FoF Fund comes under the Hybrid category of Kotak Mahindra Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Kotak Multi Asset Omni FoF Fund via lump sum is ₹100 and via SIP is ₹100.

Min Investment Amt	₹100
AUM	₹1,963Cr
1Y Returns	12.2%

Aditya Birla Sun Life Multi Asset Omni FoF Direct Growth

Fund Performance: The Aditya Birla Sun Life Multi-Asset Omni FoF Fund has given 18.29% annualized returns in the past three years and 17.11% in the last 5 years. The Aditya Birla Sun Life Multi-Asset Omni FoF Fund comes under the Hybrid category of Aditya Birla Sun Life Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Multi-Asset Omni FoF Fund via lump sum is ₹1,000 and via SIP is ₹100.

Min Investment Amt	₹1,000
AUM	₹244Cr
1Y Returns	12.3%

Tata Multi Asset Allocation Fund Direct Growth

Fund Performance: The Tata Multi Asset Allocation Fund has given 16.4% annualized returns in the past three years and 18.54% in the last 5 years. The Tata Multi Asset Allocation Fund comes under the Hybrid category of Tata Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Tata Multi Asset Allocation Fund via lump sum is ₹5,000 and via SIP is ₹100.

Min Investment Amt	₹5,000
AUM	₹4,277Cr
1Y Returns	10.9%

Aditya Birla Sun Life Asset Allocator FoF Direct Growth

Fund Performance: The Aditya Birla Sun Life Asset Allocator FoF Fund has given 16.24% annualized returns in the past three years and 16.72% in the last 5 years. The Aditya Birla Sun Life Asset Allocator FoF Fund comes under the Hybrid category of Aditya Birla Sun Life Mutual Funds.

Minimum Investment Amount: The minimum amount required to invest in Aditya Birla Sun Life Asset Allocator FoF Fund via lump sum is ₹1,000 and via SIP is ₹100.