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Best Multi-Asset Allocation Mutual Funds

Multi-Asset Allocation·9 Multi-Asset Allocation schemes ranked by a 5Y / 3Y / 1Y composite percentile. Top-ranked: quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Plan.

Long-Term Ranking9 SchemesUpdated 20 Sept 2026

Top Ranked

quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Plan

#1

Best 1Y Return

quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Plan

15.14%

Best 3Y Return

quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Plan

20.22%

Best 5Y Return

quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Plan

17.94%

Multi-Asset Allocation — At a Glance

CategoryMulti-Asset Allocation
View TypeLong-Term Ranking
Funds Ranked9
MethodologyFunds are ranked using a composite of 5-year (45%), 3-year (35%) and 1-year (20%) percentile performance within their category. Rankings are a research aid and not investment advice.
Data SourceNAV history sourced from AMFI data feeds
Last Updated20 Sept 2026
NotInvestment advice, buy/sell recommendation, guaranteed returns

What Are Multi-Asset Allocation Mutual Funds?

The Multi-Asset Allocation funds below are ranked by a composite of 5-year (45%), 3-year (35%) and 1-year (20%) percentile performance within their own category. Longer horizons are weighted higher so that a single strong year does not dominate the ranking. This is a research aid, not investment advice.

Regulatory framework for Indian mutual funds is governed by SEBI, with industry data published by AMFI.

Which Are the Best Multi-Asset Allocation Mutual Funds?

9 funds
RankFundFund House1Y3Y5Y
1quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Planquant Mutual Fund15.14%20.22%17.94%
2Nippon India Multi Asset Allocation Fund - Regular Plan - Growth OptionNippon India Mutual Fund10.27%17.33%14.10%
3SBI MULTI ASSET ALLOCATION FUND - REGULAR PLAN - GROWTHSBI Mutual Fund9.30%13.84%12.37%
4ICICI Prudential Multi Asset Allocation Fund - GrowthICICI Prudential Mutual Fund2.93%13.31%14.95%
5UTI Multi Asset Allocation Fund - Regular Plan - Growth OptionUTI Mutual Fund2.10%13.70%11.97%
6Tata Multi Asset Allocation Fund-Regular Plan-Dividend ReinvestmentTata Mutual Fund5.20%11.46%10.69%
7Axis Multi Asset Allocation Fund - Regular Plan - Growth OptionAxis Mutual Fund7.96%12.50%7.77%
8Tata Multi Asset Allocation Fund-Regular Plan-GrowthTata Mutual Fund5.20%11.46%10.69%
9HDFC Multi Asset Allocation Fund - Growth OptionHDFC Mutual Fund1.46%10.36%9.58%

Data reflects trailing returns as of 20 Sept 2026. Past performance does not guarantee future results.

Explore Other Views of Multi-Asset Allocation

This page shows the long-term ranking view. The same Multi-Asset Allocation funds can also be seen through a different lens — pick whichever answers your question.

Top Performing

Multi-Asset Allocation — Top Performing

Recent momentum screen — weighted toward the last 3, 6 and 9 months.

Return Comparison

Multi-Asset Allocation — Return Comparison

Raw trailing returns across all six periods, side-by-side, no composite ranking.

Scheme-by-Scheme Breakdown

9 funds analysed

Below is a fund-by-fund analysis of the Multi-Asset Allocation schemes listed on this page. Each entry covers the fund's position, its trailing returns, and a short characterisation of its return profile within the category.

Top Performer
#1

quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Plan

quant Mutual Fund

1Y:15.14%3Y:20.22%5Y:17.94%

quant Multi Asset Allocation Fund-GROWTH OPTION - Regular Plan from quant Mutual Fund holds the #1 position on this Multi-Asset Allocation long-term composite ranking, out of 9 funds evaluated.

As of the latest snapshot, the fund has delivered a 5-year return of 17.94%, a 3-year return of 20.22%, a 1-year return of 15.14%.

Its 1-year return trails its 5-year average — a common pattern after strong multi-year runs. Investors should verify whether this reflects normal mean reversion or a change in the fund's strategy.

The scheme is managed by quant Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#2

Nippon India Multi Asset Allocation Fund - Regular Plan - Growth Option

Nippon India Mutual Fund

1Y:10.27%3Y:17.33%5Y:14.10%

Nippon India Multi Asset Allocation Fund - Regular Plan - Growth Option from Nippon India Mutual Fund sits in the top 3 on this Multi-Asset Allocation long-term composite ranking, at #2 of 9.

As of the latest snapshot, the fund has delivered a 5-year return of 14.10%, a 3-year return of 17.33%, a 1-year return of 10.27%.

Its 1-year return trails its 5-year average — a common pattern after strong multi-year runs. Investors should verify whether this reflects normal mean reversion or a change in the fund's strategy.

The scheme is managed by Nippon India Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#3

SBI MULTI ASSET ALLOCATION FUND - REGULAR PLAN - GROWTH

SBI Mutual Fund

1Y:9.30%3Y:13.84%5Y:12.37%

SBI MULTI ASSET ALLOCATION FUND - REGULAR PLAN - GROWTH from SBI Mutual Fund sits in the top 3 on this Multi-Asset Allocation long-term composite ranking, at #3 of 9.

As of the latest snapshot, the fund has delivered a 5-year return of 12.37%, a 3-year return of 13.84%, a 1-year return of 9.30%.

Its 1-year return trails its 5-year average — a common pattern after strong multi-year runs. Investors should verify whether this reflects normal mean reversion or a change in the fund's strategy.

The scheme is managed by SBI Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#4

ICICI Prudential Multi Asset Allocation Fund - Growth

ICICI Prudential Mutual Fund

1Y:2.93%3Y:13.31%5Y:14.95%

ICICI Prudential Multi Asset Allocation Fund - Growth from ICICI Prudential Mutual Fund appears at #4 of 9 on this Multi-Asset Allocation long-term composite ranking — a position in the upper half of the funds tracked on this page.

As of the latest snapshot, the fund has delivered a 5-year return of 14.95%, a 3-year return of 13.31%, a 1-year return of 2.93%.

Its longest-horizon return is its strongest, indicating a track record built across full market cycles rather than a recent spike. This is the profile the long-term ranking rewards most heavily, and it is why the fund earns its position on this page.

The scheme is managed by ICICI Prudential Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#5

UTI Multi Asset Allocation Fund - Regular Plan - Growth Option

UTI Mutual Fund

1Y:2.10%3Y:13.70%5Y:11.97%

UTI Multi Asset Allocation Fund - Regular Plan - Growth Option from UTI Mutual Fund appears at #5 of 9 on this Multi-Asset Allocation long-term composite ranking — a position in the upper half of the funds tracked on this page.

As of the latest snapshot, the fund has delivered a 5-year return of 11.97%, a 3-year return of 13.70%, a 1-year return of 2.10%.

Its 1-year return trails its 5-year average — a common pattern after strong multi-year runs. Investors should verify whether this reflects normal mean reversion or a change in the fund's strategy.

The scheme is managed by UTI Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#6

Tata Multi Asset Allocation Fund-Regular Plan-Dividend Reinvestment

Tata Mutual Fund

1Y:5.20%3Y:11.46%5Y:10.69%

Tata Multi Asset Allocation Fund-Regular Plan-Dividend Reinvestment from Tata Mutual Fund is included on this Multi-Asset Allocation screen at #6 of 9. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 5-year return of 10.69%, a 3-year return of 11.46%, a 1-year return of 5.20%.

Its 1-year return trails its 5-year average — a common pattern after strong multi-year runs. Investors should verify whether this reflects normal mean reversion or a change in the fund's strategy.

The scheme is managed by Tata Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#7

Axis Multi Asset Allocation Fund - Regular Plan - Growth Option

Axis Mutual Fund

1Y:7.96%3Y:12.50%5Y:7.77%

Axis Multi Asset Allocation Fund - Regular Plan - Growth Option from Axis Mutual Fund is included on this Multi-Asset Allocation screen at #7 of 9. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 5-year return of 7.77%, a 3-year return of 12.50%, a 1-year return of 7.96%.

Its 1-year and 5-year returns are closely aligned, indicating steady compounding rather than dramatic swings. For investors who prioritise consistency over episodic outperformance, this return profile is often easier to hold through market cycles.

The scheme is managed by Axis Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#8

Tata Multi Asset Allocation Fund-Regular Plan-Growth

Tata Mutual Fund

1Y:5.20%3Y:11.46%5Y:10.69%

Tata Multi Asset Allocation Fund-Regular Plan-Growth from Tata Mutual Fund is included on this Multi-Asset Allocation screen at #8 of 9. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 5-year return of 10.69%, a 3-year return of 11.46%, a 1-year return of 5.20%.

Its 1-year return trails its 5-year average — a common pattern after strong multi-year runs. Investors should verify whether this reflects normal mean reversion or a change in the fund's strategy.

The scheme is managed by Tata Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

#9

HDFC Multi Asset Allocation Fund - Growth Option

HDFC Mutual Fund

1Y:1.46%3Y:10.36%5Y:9.58%

HDFC Multi Asset Allocation Fund - Growth Option from HDFC Mutual Fund is included on this Multi-Asset Allocation screen at #9 of 9. Its presence here reflects that its returns are part of the current set the ranking is drawn from.

As of the latest snapshot, the fund has delivered a 5-year return of 9.58%, a 3-year return of 10.36%, a 1-year return of 1.46%.

Its 1-year return trails its 5-year average — a common pattern after strong multi-year runs. Investors should verify whether this reflects normal mean reversion or a change in the fund's strategy.

The scheme is managed by HDFC Mutual Fund, one of the asset management companies offering Multi-Asset Allocation funds in India.

How Are These Multi-Asset Allocation Funds Ranked?

Funds are ranked using a composite of 5-year (45%), 3-year (35%) and 1-year (20%) percentile performance within their category. Rankings are a research aid and not investment advice.

Who Should Consider This Category?

  • →Investors whose risk profile and time horizon align with the Multi-Asset Allocation mandate.
  • →Investors looking for professionally managed exposure rather than picking individual securities.
  • →Investors comfortable with the volatility typical of this category and able to stay invested through cycles.
  • →Advisors and researchers using this page as a starting point before deeper due diligence.

Factors to Consider Before Investing

Four signals worth checking before you commit.

Track Record

Look at consistency across 1-year, 3-year and 5-year windows. A single strong year rarely tells the whole story — the longer the history, the more reliable the signal.

Expense Ratio

Small differences in expense ratio compound meaningfully over long horizons. Compare funds within the same plan type (Direct vs Regular) before judging.

Fund Manager Tenure

A change in fund manager can change investment style. Confirm the current manager has been in place for a meaningful portion of the track record you're relying on.

Portfolio Overlap

If you already hold funds in adjacent categories, check for overlap. Holding three funds that own the same 40 stocks doesn't diversify anything.

Why Multi-Period Ranking Matters

A single strong year is not a track record. Markets rotate. A fund that dominates one calendar year can lag the next. Ranking on a single window rewards funds that happen to be positioned well for a specific stretch — not funds that compound reliably.

Percentile within category, not raw percentage. Comparing an 18% return in Large Cap to an 18% return in Small Cap makes no sense — different risk, different universe. On this page, every fund is scored against its direct peers, in the same category, on the same period. Only then are the numbers combined.

Longer horizons carry more weight. For the long-term ranking (Best), 5-year performance is weighted at 45%, 3-year at 35%, 1-year at 20%. This structure is designed to favour funds that have delivered over full market cycles rather than over the last twelve months.

💡 Pro Tip: Use the Returns page to see the raw numbers, the Top page for recent momentum, and the Best page for a longer-horizon ranking. Different questions need different views.

Three Views — One Category

Each page type answers a different question about the same funds.

Page TypeQuestion AnsweredPeriods UsedBest For
BestStrongest sustained performance1Y (20%), 3Y (35%), 5Y (45%)Long-term investors
TopRecent momentum within category3M (40%), 6M (30%), 9M (20%), 1Y (10%)Short-to-medium horizon
ReturnsWhat returns were actually deliveredAll six periods, no rankingSide-by-side comparison

Data Sources

  • →NAV history sourced from AMFI data feeds.
  • →Trailing returns computed from adjusted NAV, accounting for dividends and splits.
  • →Rankings recalculated nightly. Page regenerated automatically.
  • →Every fund on this page is only ever compared to funds in the same SEBI category.

What Makes This Different

  • Multi-period composite — not a single-window ranking.
  • Percentile-based scoring so categories are compared fairly.
  • Explicit methodology — weights published, no black box.
  • Daily refresh — the page is regenerated from scratch each night.
⚡ Rankings are a research aid — always do your own due diligence.

Frequently Asked Questions

How are these Multi-Asset Allocation funds ranked?

Funds are ranked using a composite of 5-year (45%), 3-year (35%) and 1-year (20%) percentile performance within their category. Rankings are a research aid and not investment advice.

How often is this page updated?

Underlying fund data is refreshed nightly. The page is regenerated automatically after each refresh, and the "Last updated" date at the top of this page reflects the most recent generation. You are always seeing the latest snapshot.

Is this investment advice?

No. Rankings on this page are a research aid only. They do not constitute investment advice or a recommendation to buy or sell any scheme. Read the Scheme Information Document and consult a SEBI-registered adviser before investing.

Why isn't every Multi-Asset Allocation fund listed here?

This page shows the top 9 funds in the category based on the ranking methodology above. The full universe of Multi-Asset Allocation schemes is larger — this snapshot is designed to surface the strongest candidates for further research, not to be an exhaustive directory.

What's the difference between Best, Top, and Returns pages?

Best ranks by long-term composite performance (weighted toward 3Y and 5Y). Top ranks by recent momentum (weighted toward 3M, 6M and 9M). Returns shows raw numbers across all six periods with no composite ranking, so you can compare funds on whatever metric you care about.

How do I use these rankings in a client conversation?

Treat them as a starting point. Use the Returns page to show the raw numbers, the Best page to explain why a longer horizon matters, and the Top page when discussing recent momentum. Rankings are most useful when paired with a conversation about the client's time horizon, existing portfolio, and risk profile.

Disclaimer: Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance is not indicative of future results. The rankings on this page are based on historical return data and are provided for research purposes only. They do not constitute investment advice or a recommendation to buy or sell any scheme.