Multi asset allocation funds (MAAF) have been in focus, primarily due to the kind of returns post in the past 1 year. The returns generated can be attributed largely to the rally in gold prices. Multi-asset funds can shift between asset classes – equity + debt + gold + commodities – giving built-in diversification + downside management.
The total Category AUM is now close to Rs 1.6 lakh crore as of Mar 2026, growing fast as investors shift from pure equity to dynamic allocation.
Kotak Multi Asset, a relatively new is among the fastest growing fund. Top 1Y performer at 27.53% due to higher equity + gold allocation.
The fund is the top performer among the top 5 largest MAAF in terms of AUM.
| Fund Name | Fund AUM | Return posted in the past 1 year |
| ICICI Pru MAAF | Rs 77,658 cr | 9.81% |
| SBI MAAF | Rs 16,150 cr | 17.73% |
| Nippon India MAAF | Rs 13,139 cr | 18.12% |
| Kotak MAAF | Rs 12,073 cr | 27.53% |
| DSP MAAF | Rs 8,396 cr | 23.22% |