Multi Asset Allocation Funds Compared
Every multi asset allocation mutual fund's 1, 3 and 5-year return, SIP return and record against the Nifty 50, ranked by a stated measure, from AMFI NAVs.
As of 30 Sep 2026, there are 15 multi asset allocation funds with at least 3 years of NAVs. Over 5 years their direct plans returned a median 12.8% a year. The highest 5-year return was Quant Multi Asset Allocation Fund at 19.1% a year.
All multi asset allocation funds, ranked by 5-year return
| # | Fund | 1y | 3y | 5y | 10y | 5y regular | 5y SIP XIRR | Expense ratio (direct) |
|---|---|---|---|---|---|---|---|---|
| 1 | Quant Multi Asset Allocation Fund | 14.3% | 21.7% | 19.1% | 18.5% | 17.4% | 18.4% | 1.18% |
| 2 | Nippon India Multi Asset Allocation Fund | 9.1% | 18.3% | 15.0% | — | 13.6% | 15.9% | 0.47% |
| 3 | ICICI Prudential Multi Asset Allocation Fund | 1.8% | 13.4% | 14.7% | 15.2% | 13.9% | 12.8% | 0.85% |
| 4 | SBI Multi Asset Allocation Fund | 8.3% | 14.4% | 13.0% | 11.9% | 12.0% | 13.5% | 0.69% |
| 5 | UTI Multi Asset Allocation Fund | 3.2% | 14.2% | 12.6% | 10.8% | 11.5% | 12.3% | 0.90% |
| 6 | Tata Multi Asset Allocation Fund | 3.7% | 12.2% | 11.8% | — | 10.0% | 11.1% | 0.65% |
| 7 | HDFC Multi Asset Allocation Fund | 1.2% | 11.3% | 10.5% | 11.2% | 9.2% | 9.9% | 1.00% |
| 8 | Axis Multi Asset Allocation Fund | 7.0% | 13.2% | 8.7% | 11.5% | 7.4% | 10.9% | 1.23% |
| — | Aditya Birla Sun Life Multi Asset Allocation Fund | 9.8% | 15.4% | — | — | — | — | 0.67% |
| — | Baroda BNP Paribas Multi Asset Fund | 5.0% | 13.7% | — | — | — | — | 0.92% |
| — | DSP Multi Asset Allocation Fund | 9.9% | 17.7% | — | — | — | — | 0.63% |
| — | Edelweiss Multi Asset Allocation Fund | 6.7% | 7.5% | — | — | — | — | 0.79% |
| — | Kotak Multi Asset Allocation Fund | 12.3% | — | — | — | — | — | 0.64% |
| — | Shriram Multi Asset Allocation Fund | 5.6% | 10.5% | — | — | — | — | 0.61% |
| — | WhiteOak Capital Multi Asset Allocation Fund | 10.0% | 16.7% | — | — | — | — | 0.64% |
Direct plans, Growth option, to 30 Sep 2026. Funds that closed or merged are not in AMFI's current list, so the category looks a little better than investors actually did (survivorship). Returns are yearly (CAGR) from AMFI month-end NAVs of the Growth option. An index's return is measured through a low-cost index fund's direct plan, so it is a little below the index itself. Past returns do not tell you what a fund will do next, and this is not a recommendation to buy or sell any fund. Other categories: all mutual fund categories.
Key takeaways
Frequently asked questions
Which multi asset allocation fund has given the highest returns?
Over the 5 years to 30 Sep 2026, Quant Multi Asset Allocation Fund (direct plan) at 19.1% a year. Past returns do not predict future ones.
What is the average return of multi asset allocation funds?
The median direct plan returned 12.8% a year over 5 years to 30 Sep 2026.