What is the typical expense ratio for Multi Asset Allocation funds?

The median total expense ratio (TER) for regular Multi Asset Allocation funds is 2.13%.

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Best Multi Asset Allocation Funds

Q: Which is the top-ranked Multi Asset Allocation fund on MFIQ?

The top-ranked Multi Asset Allocation fund is WhiteOak Capital Multi Asset Allocation Fund with a 3-year CAGR of +15.31% and an MFIQ Score of 7.1/10.

Ranked by 3-Year Sharpe • 34 schemes • Group: Hybrid • Benchmark: Nifty 50 • Data as of 2026-11-11

Funds investing at least 10% each in three or more asset classes such as equity, debt, and gold. Across 34 analyzed schemes, the top-ranked fund is WhiteOak Capital Multi Asset Allocation Fund (3Y CAGR +15.31%). The category median 3-year CAGR stands at +13.86%, median expense ratio is 2.13%, and median MFIQ score is 5.5/10.

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Rank	Scheme	Score	1Y Return	3Y CAGR	5Y CAGR	Alpha	Beta	Expense	Upside	Downside	Fund Size
#1	WC WhiteOak Capital Multi Asset Allocation Fund WhiteOak Capital Mutual Fund 3Y: +15.31% • 5Y: - • AUM: Rs 9,685 cr	7.1	+7.60%	+15.31%	-	+7.19%	0.34	1.65%	56.4%	-2.1%	Rs 9,685 cr
#2	DS DSP Multi Asset Allocation Fund DSP Mutual Fund 3Y: +16.95% • 5Y: - • AUM: Rs 11,441 cr	7.9	+7.81%	+16.95%	-	+8.71%	0.50	1.57%	69.8%	11.1%	Rs 11,441 cr
#3	QU quant Multi Asset Allocation Fund quant Mutual Fund 3Y: +19.81% • 5Y: +16.24% • AUM: Rs 6,958 cr	5.8	+9.64%	+19.81%	+16.24%	+10.11%	0.63	2.13%	84.5%	18.5%	Rs 6,958 cr
#4	NI Nippon India Multi Asset Allocation Fund Nippon India Mutual Fund 3Y: +17.22% • 5Y: +13.22% • AUM: Rs 18,983 cr	7.1	+6.79%	+17.22%	+13.22%	+7.62%	0.64	1.45%	78.7%	23.9%	Rs 18,983 cr
#5	SB SBI MULTI ASSET ALLOCATION FUND SBI Mutual Fund 3Y: +13.84% • 5Y: +11.97% • AUM: Rs 21,580 cr	5.6	+5.00%	+13.84%	+11.97%	+5.36%	0.46	1.37%	64.0%	23.1%	Rs 21,580 cr
#6	AB Aditya Birla Sun Life Multi Asset Allocation Fund Aditya Birla Sun Life Mutual Fund 3Y: +15.35% • 5Y: - • AUM: Rs 7,836 cr	6.2	+8.33%	+15.35%	-	+5.92%	0.67	1.78%	79.3%	34.3%	Rs 7,836 cr
#7	KM Kotak Multi Asset Allocation Fund Kotak Mahindra Mutual Fund 3Y: +16.15% • 5Y: - • AUM: Rs 15,532 cr	6.5	+8.61%	+16.15%	-	+6.57%	0.71	1.77%	76.7%	25.3%	Rs 15,532 cr
#8	UT UTI Multi Asset Allocation Fund UTI Mutual Fund 3Y: +13.47% • 5Y: +12.19% • AUM: Rs 6,856 cr	4.0	+1.31%	+13.47%	+12.19%	+4.19%	0.64	1.83%	79.0%	48.2%	Rs 6,856 cr
#9	AX Axis Multi Asset Allocation Fund Axis Mutual Fund 3Y: +13.86% • 5Y: +7.53% • AUM: Rs 2,758 cr	3.1	+6.36%	+13.86%	+7.53%	+4.63%	0.69	2.24%	79.2%	41.3%	Rs 2,758 cr
#10	BB Baroda BNP Paribas Multi Asset Fund Baroda BNP Paribas Mutual Fund 3Y: +13.75% • 5Y: - • AUM: Rs 1,462 cr	4.4	+4.30%	+13.75%	-	+4.29%	0.73	2.04%	83.8%	52.4%	Rs 1,462 cr
#11	TA Tata Multi Asset Allocation Fund Tata Mutual Fund 3Y: +11.89% • 5Y: +10.16% • AUM: Rs 5,156 cr	3.9	+2.13%	+11.89%	+10.16%	+2.86%	0.62	1.95%	72.2%	43.0%	Rs 5,156 cr
#12	ED Edelweiss Multi Asset Allocation Fund Edelweiss Mutual Fund 3Y: +7.14% • 5Y: - • AUM: Rs 2,984 cr	5.4	+6.08%	+7.14%	-	+0.89%	0.01	1.12%	19.0%	-16.3%	Rs 2,984 cr
#13	SH Shriram Multi Asset Allocation Fund Shriram Mutual Fund 3Y: +9.62% • 5Y: - • AUM: Rs 147 cr	2.4	+4.33%	+9.62%	-	+0.19%	0.75	2.48%	69.9%	56.9%	Rs 147 cr
#14	HS HSBC Multi Asset Allocation Fund HSBC Mutual Fund 3Y: - • 5Y: - • AUM: Rs 3,310 cr	6.5	+9.68%	-	-	+8.53%	0.70	2.23%	50.4%	10.3%	Rs 3,310 cr
#15	IN Invesco India Multi Asset Allocation Fund Invesco Mutual Fund 3Y: - • 5Y: - • AUM: Rs 1,264 cr	7.4	+8.21%	-	-	+6.39%	0.63	1.69%	44.9%	13.7%	Rs 1,264 cr
#16	MM Mahindra Manulife Multi Asset Allocation Fund Mahindra Manulife Mutual Fund 3Y: - • 5Y: - • AUM: Rs 1,270 cr	6.7	+7.56%	-	-	+5.54%	0.61	1.91%	52.8%	21.6%	Rs 1,270 cr
#17	3O 360 ONE Multi Asset Allocation Fund 360 ONE Mutual Fund 3Y: - • 5Y: - • AUM: Rs 532 cr	6.5	+7.46%	-	-	+4.88%	0.47	2.12%	11.5%	-17.5%	Rs 532 cr
#18	BA Bandhan Multi Asset Allocation Fund Bandhan Mutual Fund 3Y: - • 5Y: - • AUM: Rs 3,785 cr	6.4	+7.53%	-	-	+5.52%	0.61	-	42.9%	12.0%	Rs 3,785 cr
#19	MA Mirae Asset Multi Asset Allocation Fund Mirae Asset Mutual Fund 3Y: - • 5Y: - • AUM: Rs 3,779 cr	5.9	+7.33%	-	-	+5.48%	0.63	2.13%	48.3%	17.1%	Rs 3,779 cr
#20	CR Canara Robeco Multi Asset Allocation Fund Canara Robeco Mutual Fund 3Y: - • 5Y: - • AUM: Rs 1,417 cr	4.8	+7.13%	-	-	+5.93%	0.71	2.32%	61.8%	31.4%	Rs 1,417 cr
#21	UN Union Multi Asset Allocation Fund Union Mutual Fund 3Y: - • 5Y: - • AUM: Rs 1,019 cr	4.2	+6.97%	-	-	+6.27%	0.76	2.39%	53.8%	23.9%	Rs 1,019 cr
#22	BO Bank of India Multi Asset Allocation Fund Bank of India Mutual Fund 3Y: - • 5Y: - • AUM: Rs 375 cr	5.2	+6.20%	-	-	+3.50%	0.49	2.21%	33.2%	5.3%	Rs 375 cr
#23	BF Bajaj Finserv Multi Asset Allocation Fund Bajaj Finserv Mutual Fund 3Y: - • 5Y: - • AUM: Rs 1,982 cr	3.5	+4.50%	-	-	+3.61%	0.73	2.22%	47.7%	31.5%	Rs 1,982 cr
#24	GR Groww Multi Asset Allocation Fund Groww Mutual Fund 3Y: - • 5Y: - • AUM: Rs 398 cr	2.2	+2.64%	-	-	+1.76%	0.73	2.67%	51.2%	38.8%	Rs 398 cr
#25	LI LIC MF Multi Asset Allocation Fund LIC Mutual Fund 3Y: - • 5Y: - • AUM: Rs 981 cr	2.2	+1.32%	-	-	+1.22%	0.81	2.37%	46.7%	35.8%	Rs 981 cr
#26	SU Sundaram Multi Asset Allocation Fund Sundaram Mutual Fund 3Y: - • 5Y: - • AUM: Rs 3,290 cr	2.3	+0.70%	-	-	+0.33%	0.79	2.10%	47.8%	43.5%	Rs 3,290 cr
#27	SA Samco Multi Asset Allocation Fund Samco Mutual Fund 3Y: - • 5Y: - • AUM: Rs 379 cr	2.1	+1.18%	-	-	-1.71%	0.42	3.70%	4.0%	-2.9%	Rs 379 cr
#28	QU Quantum Multi Asset Allocation Fund Quantum Mutual Fund 3Y: - • 5Y: - • AUM: Rs 57.4 cr	2.7	-0.33%	-	-	-2.37%	0.60	2.03%	41.8%	42.0%	Rs 57.4 cr
-	PI PGIM India Multi Asset Allocation Fund PGIM India Mutual Fund 3Y: - • 5Y: - • AUM: Rs 338 cr	3.9	-	-	-	-	-	2.53%	-	-	Rs 338 cr
-	TW The Wealth Company Multi Asset Allocation Fund The Wealth Company Mutual Fund 3Y: - • 5Y: - • AUM: Rs 220 cr	3.5	-	-	-	-	-	2.79%	-	-	Rs 220 cr
-	CA Capitalmind Multi Asset Allocation Fund Capitalmind Mutual Fund 3Y: - • 5Y: - • AUM: Rs 39.2 cr	5.9	-	-	-	-	-	2.64%	-	-	Rs 39.2 cr
-	JF JM Multi Asset Allocation Fund JM Financial Mutual Fund 3Y: - • 5Y: - • AUM: Rs 175 cr	5.8	-	-	-	-	-	2.60%	-	-	Rs 175 cr
-	AL ALPHAGREP MULTI ASSET ALLOCATION FUND AlphaGrep Mutual Fund 3Y: - • 5Y: - • AUM: Rs 137 cr	6.0	-	-	-	-	-	3.09%	-	-	Rs 137 cr
-	IT ITI Multi Asset Allocation Fund ITI Mutual Fund 3Y: - • 5Y: - • AUM: Rs 157 cr	5.8	-	-	-	-	-	3.04%	-	-	Rs 157 cr

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Frequently Asked Questions about Multi Asset Allocation Funds

What investment mandate defines Multi Asset Allocation funds?

Funds investing at least 10% each in three or more asset classes such as equity, debt, and gold.

Which is the highest-ranked Multi Asset Allocation fund?

The top fund in this category is WhiteOak Capital Multi Asset Allocation Fund with a 3Y CAGR of +15.31% and an MFIQ Score of 7.1/10.

What is the median expense ratio for Multi Asset Allocation funds?

Across regular growth options in this category, the median total expense ratio (TER) is 2.13%.