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Best Multi Asset Allocation Hybrid Funds in 2025

What are Hybrid: Multi Asset Allocation funds?

Funds Included	All Fund Returns (3Y annualised)	Top 5 fund Returns (3Y annualised)
31	19.01%	20.88%

This fund category is an example of Hybrid Scheme funds.

Hybrid funds invest in a mix of equity and debt instruments to balance risk and return. The proportion of each asset class determines the fund’s risk level—aggressive hybrid funds hold more equity, while conservative hybrid funds hold more debt. These funds offer potential capital appreciation from equity exposure along with income stability from debt. Suitable for investors seeking moderate risk with balanced growth potential.

Trailing returns for Hybrid: Multi Asset Allocation funds

These are average returns over the indicated period.

Monthly trailing returns:

Returns	Oct-2025	Sep-2025	Aug-2025	Jul-2025
Value	3.06%	3.14%	-0.17%	-0.5%

Quarterly trailing returns:

Returns	2025Q3	2025Q2	2025Q1	2024Q4
Value	2.41%	7.49%	0.06%	-2.94%

Yearly trailing returns:

Returns	2024	2023	2022	2021
Value	17.17%	22.64%	7.09%	25.98%

Fundwise SIP and SWP returns

Rolling SIP returns

Fund	Any 1Y SIP	Any 3Y SIP	Any 5Y SIP
HDFC Multi Asset Fund	11.37%	12.39%	13.62%
SBI Multi Asset Allocation Fund	11.71%	11.82%	11.34%
ICICI Prudential Multi Asset Fund	17.76%	17.88%	18.06%
Axis Multi Asset Allocation Fund	11.31%	10.39%	12.25%
UTI Multi Asset Allocation Fund	10.96%	9.8%	9.48%
Quant Multi Asset Allocation Fund	13.38%	22.86%	26.04%
Tata Multi Asset Allocation Fund	16.41%	16.63%	16.36%
Nippon India Multi Asset Allocation Fund	16.72%	20.72%	19.43%
Baroda BNP Paribas Multi Asset Fund	17.78%	0%	0%
Aditya Birla Sun Life Multi Asset Allocation Fund	19.35%	0%	0%
Whiteoak Capital Multi Asset Allocation Fund	18.72%	0%	0%
Edelweiss Multi Asset Allocation Fund	8.39%	0%	0%
Shriram Multi Asset Allocation Fund	2.28%	0%	0%
DSP Multi Asset Allocation Fund	16.05%	0%	0%
Kotak Multi Asset Allocation Fund	10.14%	0%	0%
Sundaram Multi Asset Allocation Fund	14.53%	0%	0%
Bandhan Multi Asset Allocation Fund	13.74%	0%	0%
Mirae Asset Multi Asset Allocation Fund	14.02%	0%	0%
HSBC Multi Asset Allocation Fund	9.66%	0%	0%
Bank Of India Multi Asset Allocation Fund	8.64%	0%	0%
Mahindra Manulife Multi Asset Allocation Fund	14.33%	0%	0%
Quantum Multi Asset Allocation Fund	12.22%	0%	0%
Bajaj Finserv Multi Asset Allocation Fund	12.29%	0%	0%
Union Multi Asset Allocation Fund	23.32%	0%	0%
Invesco India Multi Asset Allocation Fund	0%	0%	0%
Samco Multi Asset Allocation Fund	0%	0%	0%
LIC MF Multi Asset Allocation Fund	0%	0%	0%
Canara Robeco Multi Asset Allocation Fund	0%	0%	0%
Franklin India Multi Asset Allocation Fund	0%	0%	0%
360 One Multi Asset Allocation Fund	0%	0%	0%
Groww Multi Asset Allocation Fund	0%	0%	0%

SIP Calculator Fund: Duration: 1 Year 3 Years 5 Years SIP Amount (₹):

Rolling SWP returns

Fund	Any 1Y SWP	Any 3Y SWP	Any 5Y SWP
HDFC Multi Asset Fund	9.78%	11.08%	9.02%
SBI Multi Asset Allocation Fund	10.76%	11.57%	10.19%
ICICI Prudential Multi Asset Fund	16.53%	16.05%	13.46%
Axis Multi Asset Allocation Fund	11.18%	10.15%	10.67%
UTI Multi Asset Allocation Fund	8.8%	9.75%	8.34%
Quant Multi Asset Allocation Fund	9.35%	17.04%	15.5%
Tata Multi Asset Allocation Fund	19.38%	16.79%	23.99%
Nippon India Multi Asset Allocation Fund	18.28%	14.9%	20.15%
Baroda BNP Paribas Multi Asset Fund	23.39%	0%	0%
Aditya Birla Sun Life Multi Asset Allocation Fund	21.96%	0%	0%
Whiteoak Capital Multi Asset Allocation Fund	18.44%	0%	0%
Edelweiss Multi Asset Allocation Fund	8.37%	0%	0%
Shriram Multi Asset Allocation Fund	4.31%	0%	0%
DSP Multi Asset Allocation Fund	17.78%	0%	0%
Kotak Multi Asset Allocation Fund	15.87%	0%	0%
Sundaram Multi Asset Allocation Fund	11.16%	0%	0%
Bandhan Multi Asset Allocation Fund	8.85%	0%	0%
Mirae Asset Multi Asset Allocation Fund	10.9%	0%	0%
HSBC Multi Asset Allocation Fund	2.21%	0%	0%
Bank Of India Multi Asset Allocation Fund	3.55%	0%	0%
Mahindra Manulife Multi Asset Allocation Fund	8.64%	0%	0%
Quantum Multi Asset Allocation Fund	8.99%	0%	0%
Bajaj Finserv Multi Asset Allocation Fund	0.34%	0%	0%
Union Multi Asset Allocation Fund	6.27%	0%	0%
Invesco India Multi Asset Allocation Fund	0%	0%	0%
Samco Multi Asset Allocation Fund	0%	0%	0%
LIC MF Multi Asset Allocation Fund	0%	0%	0%
Canara Robeco Multi Asset Allocation Fund	0%	0%	0%
Franklin India Multi Asset Allocation Fund	0%	0%	0%
360 One Multi Asset Allocation Fund	0%	0%	0%
Groww Multi Asset Allocation Fund	0%	0%	0%

SIP and SWP returns with step-up

Rolling SIP returns with 10% step-up

Fund	Any 1Y SIP	Any 3Y Step-up SIP	Any 5Y Step-up SIP
HDFC Multi Asset Fund	11.37%	12.33%	13.72%
SBI Multi Asset Allocation Fund	11.71%	11.78%	11.39%
ICICI Prudential Multi Asset Fund	17.76%	18.02%	18.39%
Axis Multi Asset Allocation Fund	11.31%	10.43%	12.1%
UTI Multi Asset Allocation Fund	10.96%	9.83%	9.62%
Quant Multi Asset Allocation Fund	13.38%	22.68%	26.36%
Tata Multi Asset Allocation Fund	16.41%	16.56%	16.26%
Nippon India Multi Asset Allocation Fund	16.72%	20.7%	19.55%
Baroda BNP Paribas Multi Asset Fund	17.78%	0%	0%
Aditya Birla Sun Life Multi Asset Allocation Fund	19.35%	0%	0%
Whiteoak Capital Multi Asset Allocation Fund	18.72%	0%	0%
Edelweiss Multi Asset Allocation Fund	8.39%	0%	0%
Shriram Multi Asset Allocation Fund	2.28%	0%	0%
DSP Multi Asset Allocation Fund	16.05%	0%	0%
Kotak Multi Asset Allocation Fund	10.14%	0%	0%
Sundaram Multi Asset Allocation Fund	14.53%	0%	0%
Bandhan Multi Asset Allocation Fund	13.74%	0%	0%
Mirae Asset Multi Asset Allocation Fund	14.02%	0%	0%
HSBC Multi Asset Allocation Fund	9.66%	0%	0%
Bank Of India Multi Asset Allocation Fund	8.64%	0%	0%
Mahindra Manulife Multi Asset Allocation Fund	14.33%	0%	0%
Quantum Multi Asset Allocation Fund	12.22%	0%	0%
Bajaj Finserv Multi Asset Allocation Fund	12.29%	0%	0%
Union Multi Asset Allocation Fund	23.32%	0%	0%
Invesco India Multi Asset Allocation Fund	0%	0%	0%
Samco Multi Asset Allocation Fund	0%	0%	0%
LIC MF Multi Asset Allocation Fund	0%	0%	0%
Canara Robeco Multi Asset Allocation Fund	0%	0%	0%
Franklin India Multi Asset Allocation Fund	0%	0%	0%
360 One Multi Asset Allocation Fund	0%	0%	0%
Groww Multi Asset Allocation Fund	0%	0%	0%

Rolling SWP returns with 10% step-up

Fund	Any 1Y SWP	Any 3Y Step-up SWP	Any 5Y Step-up SWP
HDFC Multi Asset Fund	9.78%	11.19%	9.22%
SBI Multi Asset Allocation Fund	10.76%	11.65%	10.26%
ICICI Prudential Multi Asset Fund	16.53%	16.27%	13.67%
Axis Multi Asset Allocation Fund	11.18%	10.17%	10.74%
UTI Multi Asset Allocation Fund	8.8%	9.85%	8.38%
Quant Multi Asset Allocation Fund	9.35%	17.36%	16.28%
Tata Multi Asset Allocation Fund	19.38%	16.79%	23.43%
Nippon India Multi Asset Allocation Fund	18.28%	14.81%	19.91%
Baroda BNP Paribas Multi Asset Fund	23.39%	0%	0%
Aditya Birla Sun Life Multi Asset Allocation Fund	21.96%	0%	0%
Whiteoak Capital Multi Asset Allocation Fund	18.44%	0%	0%
Edelweiss Multi Asset Allocation Fund	8.37%	0%	0%
Shriram Multi Asset Allocation Fund	4.31%	0%	0%
DSP Multi Asset Allocation Fund	17.78%	0%	0%
Kotak Multi Asset Allocation Fund	15.87%	0%	0%
Sundaram Multi Asset Allocation Fund	11.16%	0%	0%
Bandhan Multi Asset Allocation Fund	8.85%	0%	0%
Mirae Asset Multi Asset Allocation Fund	10.9%	0%	0%
HSBC Multi Asset Allocation Fund	2.21%	0%	0%
Bank Of India Multi Asset Allocation Fund	3.55%	0%	0%
Mahindra Manulife Multi Asset Allocation Fund	8.64%	0%	0%
Quantum Multi Asset Allocation Fund	8.99%	0%	0%
Bajaj Finserv Multi Asset Allocation Fund	0.34%	0%	0%
Union Multi Asset Allocation Fund	6.27%	0%	0%
Invesco India Multi Asset Allocation Fund	0%	0%	0%
Samco Multi Asset Allocation Fund	0%	0%	0%
LIC MF Multi Asset Allocation Fund	0%	0%	0%
Canara Robeco Multi Asset Allocation Fund	0%	0%	0%
Franklin India Multi Asset Allocation Fund	0%	0%	0%
360 One Multi Asset Allocation Fund	0%	0%	0%
Groww Multi Asset Allocation Fund	0%	0%	0%

Note:N.A. in returns indicate that the fund does not have sufficient history.

How are Hybrid: Multi Asset Allocation funds taxed on selling?

Hybrid Funds Tax for FY2025-26	STCG Rate	LTCG Eligibility	LTCG Rate
Bought Anytime	20%	After 1Y	12.5% (above 1.25L) w 31Jan18 exemption

First category is for funds holding on average more than 65% of domestic equity or arbitrage postions over the holding period. The second category is for all others.

Multi Asset Hybrid Funds (Specified Taxation) Tax for FY2025-26	STCG Rate	LTCG Eligibility	LTCG Rate
Bought Before 1 Apr 2023	Slab	After 2Y	12.5%
Bought After 31 Mar 2023	Slab	Always STCG	Slab

Note:

• Dividends from mutual funds (called IDCW or Income Distribution cum Capital Withdrawal funds), are added to the income of the investor and taxed at their highest applicable (slab) rate.
• Cess and surcharge (if applicable) is to be applied to taxes from mutual funds from selling and dividends.
• Switches, SWP and selling any lump sum amount are taxable as per the table above.

Explore All Funds Belonging to this Type

Dynamic Asset Allocation Or Balanced Advantage
Multi Asset Allocation
All
Conservative Income Equity Savings Balanced Arbitrage Aggressive

Explore All Funds Belonging to different AMCs

Aditya Birla Sun Life Mutual Fund Tata Mutual Fund Franklin Templeton Mutual Fund Taurus Mutual Fund Canara Robeco Mutual Fund Sundaram Mutual Fund SBI Mutual Fund UTI Mutual Fund Baroda BNP Paribas Mutual Fund HSBC Mutual Fund Quantum Mutual Fund DSP Mutual Fund Invesco Mutual Fund Mirae Asset Mutual Fund Bandhan Mutual Fund Bank of India Mutual Fund Edelweiss Mutual Fund Axis Mutual Fund Navi Mutual Fund Motilal Oswal Mutual Fund Union Mutual Fund Groww Mutual Fund HDFC Mutual Fund PGIM India Mutual Fund 360 ONE Mutual Fund PPFAS Mutual Fund Shriram Mutual Fund Mahindra Manulife Mutual Fund WhiteOak Capital Mutual Fund ITI Mutual Fund Trust Mutual Fund NJ Mutual Fund Samco Mutual Fund quant Mutual Fund Bajaj Finserv Mutual Fund Helios Mutual Fund Zerodha Mutual Fund Old Bridge Mutual Fund Angel One Mutual Fund Unifi Mutual Fund Jio BlackRock Mutual Fund Capitalmind Mutual Fund The Wealth Company Mutual Fund JM Financial Mutual Fund Choice Mutual Fund Kotak Mahindra Mutual Fund LIC Mutual Fund ICICI Prudential Mutual Fund Nippon India Mutual Fund

Explore Different Categories of Mutual Funds

Equity Scheme funds Hybrid Scheme funds Debt Scheme funds Solution Oriented Schemes – Funds for Retirement and Children Other Schemes – Index Funds, ETFs and Fund of Funds Commodity Schemes – Funds Investing in Gold, Silver or Both

Disclaimer: Mutual fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

Note: NAVs and returns updated on 23-Nov-2025.

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