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Multi Asset Allocation Mutual Funds

Multi-Asset Allocation Mutual Funds are balanced funds that invest at least 10% of their portfolio in three or more asset classes as per the SEBI guidelines. The fund can invest in a diverse range of assets and securities in the equity and debt market, including gold, real estate, commodities, bonds, stocks, gold, international equities, etc. This wide range of investment options provides investors the benefit of exposure to a diversified portfolio and a lower risk from volatility in any asset class. View More

The distribution and allocation of assets in a Multi-Asset Fund can vary, and it is up to the fund manager how the allocation and investment are to be planned. As per SEBI guidelines, the Multi-Asset Allocation Fund has to have at least 10% of its portfolio in three or more asset classes, while there are no restrictions on which assets or allocations the fund manager has to follow. These funds follow the principles of ‘Do not put all your eggs in one basket,’ allowing investors to enter multiple asset classes and get performance benefits at different times.

Multi-Asset Funds allow the fund managers to play an instrumental role since they get higher flexibility to allocate funds as per market conditions and their analysis. For instance, if the stock market is volatile, the fund manager can give a higher allocation towards debt, gold, or safer instruments to ensure no adverse effects on the fund’s returns. Meanwhile, when the market is experiencing a bull run, the fund manager can increase exposure to equity-linked schemes and make the best of both situations.

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List of Multi Asset Allocation Mutual Funds

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quant written in black bold font with abstract icons inside each alphabetQuant Multi Asset Allocation Fund - Direct Growth

20.97%

Fund Size (Cr.) - 6,356

Invest
Red geometric emblem with white geometric shape in betweenNippon India Multi Asset Allocation Fund-Dir Growth

19.12%

Fund Size (Cr.) - 16,926

Invest
A blue kalash on a orange rectangle, next to a blue rectangle with uti written inside it in white. overall over UTI Mutual Fund written in blueUTI-Multi Asset Allocation Fund - Direct Growth

10.82%

Fund Size (Cr.) - 6,998

Invest
Tree-inspired graphic on blue backgroundWhiteOak Capital Multi Asset Allocation-Dir Growth

15.41%

Fund Size (Cr.) - 8,187

Invest
A rectangular logo with a pyramid like structure in center formed with red, orange and yellow colours.Aditya Birla SL Multi Asset Allocation Fund-Dir Growth

17.92%

Fund Size (Cr.) - 7,279

Invest
Multi-colored banking logo with orange and green as primary colors and two abstract elementsBaroda BNP Paribas Multi Asset Fund - Dir Growth

13.12%

Fund Size (Cr.) - 1,464

Invest
Blue circular emblem with three keyhole-shaped designs and a curved triangle together forming a tree like structure.SBI Multi Asset Allocation Fund - Direct Growth

15.95%

Fund Size (Cr.) - 20,240

Invest
Orange and red emblem with small i written in white.ICICI Pru Multi-Asset Fund - Direct Growth

10.85%

Fund Size (Cr.) - 86,785

Invest
Burgundy triangular symbolAXIS Multi Asset Allocation Fund - Direct Growth

15.91%

Fund Size (Cr.) - 2,500

Invest
TATA written in blue over MUTUAL FUND written in white with both having contrasting backgroundsTata Multi Asset Allocation Fund - Dir Growth

12.16%

Fund Size (Cr.) - 5,234

Invest
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Who Should Invest in Multi-Asset Allocation Mutual Funds?

Investing in a Multi-Asset Allocation Mutual Fund is ideal for investors who do not want a higher risk and want to earn stable returns by diversifying their investment in multiple financial instruments. Also, the fund is excellent for long-term holding or a long investment horizon, i.e., above five years at least. View More

Depending on the risk and the investment goal, investors can choose a Multi-Asset fund that is heavily focused on debt and equity. An equity-linked multi-asset scheme is ideal for long-term gains but with a relatively higher risk. For those wanting stable returns, the debt-oriented scheme is the perfect option.

Popular Multi Asset Allocation Mutual Funds

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 6,356
  • 3Y Returns
  • 22.97%

  • Quant Multi Asset Allocation Fund - Direct Growth is an Multi Asset Allocation scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Sandeep Tandon. With an impressive AUM of ₹6,356 Crores, this scheme's latest NAV is ₹183.982 as of 8/13/2026 12:00:00 AM.


    Quant Multi Asset Allocation Fund - Direct Growth scheme has delivered a return performance of 20.97% in the last 1 year, 22.97% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 1000, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 1000
  • AUM (Cr.)
  • ₹ 6,356
  • 3Y Returns
  • 22.97%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 16,926
  • 3Y Returns
  • 20.41%

  • Nippon India Multi Asset Allocation Fund-Dir Growth is an Multi Asset Allocation scheme that was launched on 07-08-2020 and is currently under the management of our experienced fund manager Vikram Dhawan. With an impressive AUM of ₹16,926 Crores, this scheme's latest NAV is ₹27.485 as of 8/13/2026 12:00:00 AM.


    Nippon India Multi Asset Allocation Fund-Dir Growth scheme has delivered a return performance of 19.12% in the last 1 year, 20.41% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 16,926
  • 3Y Returns
  • 20.41%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 6,998
  • 3Y Returns
  • 17.66%

  • UTI-Multi Asset Allocation Fund - Direct Growth is an Multi Asset Allocation scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Sharwan Kumar Goyal. With an impressive AUM of ₹6,998 Crores, this scheme's latest NAV is ₹90.3613 as of 8/13/2026 12:00:00 AM.


    UTI-Multi Asset Allocation Fund - Direct Growth scheme has delivered a return performance of 10.82% in the last 1 year, 17.66% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 6,998
  • 3Y Returns
  • 17.66%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 8,187
  • 3Y Returns
  • 17.49%

  • WhiteOak Capital Multi Asset Allocation-Dir Growth is an Multi Asset Allocation scheme that was launched on 03-05-2023 and is currently under the management of our experienced fund manager Ramesh Mantri. With an impressive AUM of ₹8,187 Crores, this scheme's latest NAV is ₹16.806 as of 8/13/2026 12:00:00 AM.


    WhiteOak Capital Multi Asset Allocation-Dir Growth scheme has delivered a return performance of 15.41% in the last 1 year, 17.49% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 8,187
  • 3Y Returns
  • 17.49%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 7,279
  • 3Y Returns
  • 17.36%

  • Aditya Birla SL Multi Asset Allocation Fund-Dir Growth is an Multi Asset Allocation scheme that was launched on 11-01-2023 and is currently under the management of our experienced fund manager Dhaval Gala. With an impressive AUM of ₹7,279 Crores, this scheme's latest NAV is ₹18.0222 as of 8/13/2026 12:00:00 AM.


    Aditya Birla SL Multi Asset Allocation Fund-Dir Growth scheme has delivered a return performance of 17.92% in the last 1 year, 17.36% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 7,279
  • 3Y Returns
  • 17.36%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 1,464
  • 3Y Returns
  • 16.47%

  • Baroda BNP Paribas Multi Asset Fund - Dir Growth is an Multi Asset Allocation scheme that was launched on 28-11-2022 and is currently under the management of our experienced fund manager Jitendra Sriram. With an impressive AUM of ₹1,464 Crores, this scheme's latest NAV is ₹17.3685 as of 8/13/2026 12:00:00 AM.


    Baroda BNP Paribas Multi Asset Fund - Dir Growth scheme has delivered a return performance of 13.12% in the last 1 year, 16.47% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 1,464
  • 3Y Returns
  • 16.47%

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 20,240
  • 3Y Returns
  • 16.41%

  • SBI Multi Asset Allocation Fund - Direct Growth is an Multi Asset Allocation scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Dinesh Balachandran. With an impressive AUM of ₹20,240 Crores, this scheme's latest NAV is ₹75.5897 as of 8/13/2026 12:00:00 AM.


    SBI Multi Asset Allocation Fund - Direct Growth scheme has delivered a return performance of 15.95% in the last 1 year, 16.41% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 500, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 500
  • AUM (Cr.)
  • ₹ 20,240
  • 3Y Returns
  • 16.41%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 86,785
  • 3Y Returns
  • 16.29%

  • ICICI Pru Multi-Asset Fund - Direct Growth is an Multi Asset Allocation scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Sankaran Naren. With an impressive AUM of ₹86,785 Crores, this scheme's latest NAV is ₹913.089 as of 8/13/2026 12:00:00 AM.


    ICICI Pru Multi-Asset Fund - Direct Growth scheme has delivered a return performance of 10.85% in the last 1 year, 16.29% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 86,785
  • 3Y Returns
  • 16.29%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 2,500
  • 3Y Returns
  • 15.18%

  • AXIS Multi Asset Allocation Fund - Direct Growth is an Multi Asset Allocation scheme that was launched on 01-01-2013 and is currently under the management of our experienced fund manager Ashish Naik. With an impressive AUM of ₹2,500 Crores, this scheme's latest NAV is ₹53.6571 as of 8/13/2026 12:00:00 AM.


    AXIS Multi Asset Allocation Fund - Direct Growth scheme has delivered a return performance of 15.91% in the last 1 year, 15.18% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 2,500
  • 3Y Returns
  • 15.18%

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 5,234
  • 3Y Returns
  • 14.92%

  • Tata Multi Asset Allocation Fund - Dir Growth is an Multi Asset Allocation scheme that was launched on 14-02-2020 and is currently under the management of our experienced fund manager RahulSingh. With an impressive AUM of ₹5,234 Crores, this scheme's latest NAV is ₹28.5812 as of 8/13/2026 12:00:00 AM.


    Tata Multi Asset Allocation Fund - Dir Growth scheme has delivered a return performance of 12.16% in the last 1 year, 14.92% in the last 3 years, and an since its launch. With a minimum SIP investment of just ₹ 100, this scheme offers a great investment opportunity for those looking to invest in Multi Asset Allocation.

  • Min SIP Investment Amt
  • ₹ 100
  • AUM (Cr.)
  • ₹ 5,234
  • 3Y Returns
  • 14.92%
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