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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)
33 18.68% 20.42%

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:
Nov-2025Oct-2025Sep-2025Aug-2025Jul-2025Jun-2025
0.69%3.06%3.14%-0.17%-0.50%2.40%

Quarterly trailing returns:
2025Q42025Q32025Q22025Q12024Q42024Q3
3.78%2.41%7.49%0.06%-2.94%5.86%

Yearly trailing returns:
202520242023202220212020
14.24%17.17%22.64%7.09%25.98%17.63%

Rolling returns for Hybrid: Multi Asset Allocation funds

SIP
10% Step-up SIP
Lump sum
SWP
10% Step-up SWP
Metric Any 1Y SIPAny 2Y SIPAny 3Y SIPAny 5Y SIPAny 7Y SIPAny 10Y SIP
Minimum-4.69%9.17%1.87%9.76%15.62%15.29%
Median13.92%14.64%15.24%16.26%16.79%15.65%
Maximum31.63%20.6%25.91%21.07%17.52%15.9%
Risk7.9%2.41%5.16%2.37%0.42%0.17%
Sharpe Ratio87.61%316.58%159.58%391.6%2348.8%5192.0%
Data as of 14-Dec-2025
Metric Any 1Y SIPAny 2Y 目↑ SIPAny 3Y 目↑ SIPAny 5Y 目↑ SIPAny 7Y 目↑ SIPAny 10Y 目↑ SIP
Minimum-4.69%14.07%18.01%17.41%18.04%16.28%
Median13.92%16.02%18.72%17.92%18.39%16.5%
Maximum31.63%17.48%19.24%18.27%18.6%16.64%
Risk7.9%0.8%0.37%0.26%0.17%0.1%
Sharpe Ratio87.61%1127.58%3167.23%4177.99%6764.36%9661.02%
Data as of 14-Dec-2025
Metric Any 1YAny 2YAny 3YAny 5YAny 7YAny 10Y
Minimum0.68%12.82%6.22%10.25%14.43%13.9%
Median11.82%16.85%14.96%15.51%15.06%14.11%
Maximum27.27%22.95%24.47%20.42%15.51%14.53%
Risk5.6%2.17%4.09%2.38%0.23%0.17%
Sharpe Ratio86.17%454.69%194.92%356.71%3532.12%4104.81%
Data as of 14-Dec-2025
Metric Any 1Y SWPAny 2Y SWPAny 3Y SWPAny 5Y SWPAny 7Y SWPAny 10Y SWP
Minimum-3.23%14.94%7.59%9.85%11.97%11.27%
Median10.33%19.02%14.14%13.98%12.67%11.65%
Maximum30.85%25.26%25.21%21.46%13.76%12.24%
Risk8.06%2.64%3.98%2.89%0.47%0.3%
Sharpe Ratio41.37%455.81%179.57%241.18%1211.39%1540.88%
Data as of 14-Dec-2025
Metric Any 1Y SWPAny 2Y 目↑ SWPAny 3Y 目↑ SWPAny 5Y 目↑ SWPAny 7Y 目↑ SWPAny 10Y 目↑ SWP
Minimum-3.23%18.91%17.8%19.0%15.19%11.66%
Median10.33%21.6%18.31%19.95%15.48%11.85%
Maximum30.85%24.3%18.73%20.62%15.89%12.31%
Risk8.06%1.71%0.29%0.55%0.21%0.22%
Sharpe Ratio41.37%852.26%3834.32%2371.4%4004.72%2172.39%
Data as of 14-Dec-2025

Fundwise SIP, Lumpsum and SWP returns


Rolling SIP returns (less than 1 year)
Fund Any 1M SIPAny 3M SIPAny 6M SIP
Canara Robeco Multi Asset Allocation Fund17.42%20.99%19.49%
Edelweiss Multi Asset Allocation Fund6.08%6.61%5.76%
Bank India Multi Asset Allocation Fund15.2%13.27%13.4%
Sundaram Multi Asset Allocation Fund22.07%22.04%20.07%
Shriram Multi Asset Allocation Fund18.6%19.38%14.98%
LIC MF Multi Asset Allocation Fund34.62%29.53%24.73%
ICICI Prudential Multi Asset Fund18.91%24.04%20.92%
SBI Multi Asset Allocation Fund26.19%31.52%25.24%
Kotak Multi Asset Allocation Fund29.71%28.49%25.33%
Aditya Birla Sun Life Multi Asset Allocation Fund28.83%25.99%24.55%
Samco Multi Asset Allocation Fund21.46%15.19%10.38%
Groww Multi Asset Allocation Fund9.65%0%0%
Mahindra Manulife Multi Asset Allocation Fund23.11%21.19%20.31%
Quantum Multi Asset Allocation Fund14.74%15.32%13.67%
Union Multi Asset Allocation Fund16.7%21.68%23.68%
Whiteoak Capital Multi Asset Allocation Fund17.57%23.18%20.17%
Invesco India Multi Asset Allocation Fund26.99%26.54%24.79%
The Wealth Company Multi Asset Allocation Fund0%0%0%
Nippon India Multi Asset Allocation Fund16.06%23.61%24.98%
PGIM India Multi Asset Allocation Fund0%0%0%
Bandhan Multi Asset Allocation Fund25.31%23.85%22.1%
Franklin India Multi Asset Allocation Fund23.22%21.15%0%
HDFC Multi Asset Fund12.12%17.23%16.33%
Tata Multi Asset Allocation Fund20.31%25.79%21.64%
Axis Multi Asset Allocation Fund20.06%26.19%24.94%
Baroda BNP Paribas Multi Asset Fund23.86%22.41%19.63%
Quant Multi Asset Allocation Fund19.59%31.3%26.07%
DSP Multi Asset Allocation Fund26.32%27.56%25.68%
HSBC Multi Asset Allocation Fund31.97%26.59%21.96%
360 One Multi Asset Allocation Fund43.68%42.58%0%
UTI Multi Asset Allocation Fund22.07%25.68%20.31%
Mirae Asset Multi Asset Allocation Fund20.97%20.92%19.56%
Bajaj Finserv Multi Asset Allocation Fund19.95%13.11%15.22%
Data as of 14-Dec-2025

Note: Returns for less than one year are annualised. However, given the nature of the calculation, XIRR for such periods are not meaningful.

Rolling SIP returns (1 year or more):

Fund Any 1Y SIPAny 3Y SIPAny 5Y SIP
Canara Robeco Multi Asset Allocation Fund0%0%0%
Edelweiss Multi Asset Allocation Fund8.35%0%0%
Bank India Multi Asset Allocation Fund9.72%0%0%
Sundaram Multi Asset Allocation Fund14.92%0%0%
Shriram Multi Asset Allocation Fund2.62%0%0%
LIC MF Multi Asset Allocation Fund0%0%0%
ICICI Prudential Multi Asset Fund18.49%19.33%20.32%
SBI Multi Asset Allocation Fund11.07%10.87%10.2%
Kotak Multi Asset Allocation Fund10.59%0%0%
Aditya Birla Sun Life Multi Asset Allocation Fund19.94%0%0%
Samco Multi Asset Allocation Fund0%0%0%
Groww Multi Asset Allocation Fund0%0%0%
Mahindra Manulife Multi Asset Allocation Fund14.78%0%0%
Quantum Multi Asset Allocation Fund12.41%0%0%
Union Multi Asset Allocation Fund23.51%0%0%
Whiteoak Capital Multi Asset Allocation Fund18.85%0%0%
Invesco India Multi Asset Allocation Fund0%0%0%
The Wealth Company Multi Asset Allocation Fund0%0%0%
Nippon India Multi Asset Allocation Fund11.84%15.16%19.36%
PGIM India Multi Asset Allocation Fund0%0%0%
Bandhan Multi Asset Allocation Fund14.29%0%0%
Franklin India Multi Asset Allocation Fund0%0%0%
HDFC Multi Asset Fund16.17%15.75%15.05%
Tata Multi Asset Allocation Fund20.48%17.13%16.4%
Axis Multi Asset Allocation Fund11.28%10.66%12.6%
Baroda BNP Paribas Multi Asset Fund17.94%0%0%
Quant Multi Asset Allocation Fund8.98%22.08%26.19%
DSP Multi Asset Allocation Fund16.6%0%0%
HSBC Multi Asset Allocation Fund10.0%0%0%
360 One Multi Asset Allocation Fund0%0%0%
UTI Multi Asset Allocation Fund14.38%10.91%9.97%
Mirae Asset Multi Asset Allocation Fund14.31%0%0%
Bajaj Finserv Multi Asset Allocation Fund12.57%0%0%
Data as of 14-Dec-2025
SIP Calculator


Rolling Lumpsum returns
Fund Any 1YAny 3YAny 5Y
Canara Robeco Multi Asset Allocation Fund0%0%0%
Edelweiss Multi Asset Allocation Fund8.31%0%0%
Bank India Multi Asset Allocation Fund6.61%0%0%
Sundaram Multi Asset Allocation Fund12.74%0%0%
Shriram Multi Asset Allocation Fund-0.39%0%0%
LIC MF Multi Asset Allocation Fund0%0%0%
ICICI Prudential Multi Asset Fund16.35%19.75%20.8%
SBI Multi Asset Allocation Fund10.89%11.02%10.09%
Kotak Multi Asset Allocation Fund10.2%0%0%
Aditya Birla Sun Life Multi Asset Allocation Fund18.01%0%0%
Samco Multi Asset Allocation Fund0%0%0%
Groww Multi Asset Allocation Fund0%0%0%
Mahindra Manulife Multi Asset Allocation Fund12.11%0%0%
Quantum Multi Asset Allocation Fund10.82%0%0%
Union Multi Asset Allocation Fund16.07%0%0%
Whiteoak Capital Multi Asset Allocation Fund18.61%0%0%
Invesco India Multi Asset Allocation Fund0%0%0%
The Wealth Company Multi Asset Allocation Fund0%0%0%
Nippon India Multi Asset Allocation Fund13.77%18.09%18.81%
PGIM India Multi Asset Allocation Fund0%0%0%
Bandhan Multi Asset Allocation Fund11.72%0%0%
Franklin India Multi Asset Allocation Fund0%0%0%
HDFC Multi Asset Fund12.51%15.58%16.11%
Tata Multi Asset Allocation Fund12.87%16.52%17.89%
Axis Multi Asset Allocation Fund10.71%10.1%12.1%
Baroda BNP Paribas Multi Asset Fund19.25%0%0%
Quant Multi Asset Allocation Fund9.88%18.71%18.66%
DSP Multi Asset Allocation Fund15.89%0%0%
HSBC Multi Asset Allocation Fund6.29%0%0%
360 One Multi Asset Allocation Fund0%0%0%
UTI Multi Asset Allocation Fund9.75%9.93%9.6%
Mirae Asset Multi Asset Allocation Fund12.85%0%0%
Bajaj Finserv Multi Asset Allocation Fund7.9%0%0%
Data as of 14-Dec-2025

Rolling SWP returns
Fund Any 1Y SWPAny 3Y SWPAny 5Y SWP
Canara Robeco Multi Asset Allocation Fund0%0%0%
Edelweiss Multi Asset Allocation Fund8.36%0%0%
Bank India Multi Asset Allocation Fund3.48%0%0%
Sundaram Multi Asset Allocation Fund11.48%0%0%
Shriram Multi Asset Allocation Fund3.36%0%0%
LIC MF Multi Asset Allocation Fund0%0%0%
ICICI Prudential Multi Asset Fund13.3%20.41%18.36%
SBI Multi Asset Allocation Fund10.03%10.82%9.06%
Kotak Multi Asset Allocation Fund14.3%0%0%
Aditya Birla Sun Life Multi Asset Allocation Fund21.7%0%0%
Samco Multi Asset Allocation Fund0%0%0%
Groww Multi Asset Allocation Fund0%0%0%
Mahindra Manulife Multi Asset Allocation Fund9.21%0%0%
Quantum Multi Asset Allocation Fund9.05%0%0%
Union Multi Asset Allocation Fund8.03%0%0%
Whiteoak Capital Multi Asset Allocation Fund18.27%0%0%
Invesco India Multi Asset Allocation Fund0%0%0%
The Wealth Company Multi Asset Allocation Fund0%0%0%
Nippon India Multi Asset Allocation Fund13.5%20.8%18.1%
PGIM India Multi Asset Allocation Fund0%0%0%
Bandhan Multi Asset Allocation Fund8.85%0%0%
Franklin India Multi Asset Allocation Fund0%0%0%
HDFC Multi Asset Fund8.9%15.49%17.48%
Tata Multi Asset Allocation Fund11.08%16.02%19.79%
Axis Multi Asset Allocation Fund8.92%10.44%10.92%
Baroda BNP Paribas Multi Asset Fund22.56%0%0%
Quant Multi Asset Allocation Fund7.37%7.89%8.98%
DSP Multi Asset Allocation Fund16.78%0%0%
HSBC Multi Asset Allocation Fund1.76%0%0%
360 One Multi Asset Allocation Fund0%0%0%
UTI Multi Asset Allocation Fund5.85%11.27%9.12%
Mirae Asset Multi Asset Allocation Fund10.87%0%0%
Bajaj Finserv Multi Asset Allocation Fund1.01%0%0%
Data as of 14-Dec-2025

SIP and SWP returns with step-up


Rolling SIP returns with 10% step-up
Fund Any 1Y SIPAny 3Y 目↑ SIPAny 5Y 目↑ SIP
Canara Robeco Multi Asset Allocation Fund0%0%0%
Edelweiss Multi Asset Allocation Fund8.35%0%0%
Bank India Multi Asset Allocation Fund9.72%0%0%
Sundaram Multi Asset Allocation Fund14.92%0%0%
Shriram Multi Asset Allocation Fund2.62%0%0%
LIC MF Multi Asset Allocation Fund0%0%0%
ICICI Prudential Multi Asset Fund18.49%19.36%20.31%
SBI Multi Asset Allocation Fund11.07%18.63%17.16%
Kotak Multi Asset Allocation Fund10.59%0%0%
Aditya Birla Sun Life Multi Asset Allocation Fund19.94%0%0%
Samco Multi Asset Allocation Fund0%0%0%
Groww Multi Asset Allocation Fund0%0%0%
Mahindra Manulife Multi Asset Allocation Fund14.78%0%0%
Quantum Multi Asset Allocation Fund12.41%0%0%
Union Multi Asset Allocation Fund23.51%0%0%
Whiteoak Capital Multi Asset Allocation Fund18.85%0%0%
Invesco India Multi Asset Allocation Fund0%0%0%
The Wealth Company Multi Asset Allocation Fund0%0%0%
Nippon India Multi Asset Allocation Fund11.84%21.52%19.5%
PGIM India Multi Asset Allocation Fund0%0%0%
Bandhan Multi Asset Allocation Fund14.29%0%0%
Franklin India Multi Asset Allocation Fund0%0%0%
HDFC Multi Asset Fund16.17%15.69%15.08%
Tata Multi Asset Allocation Fund20.48%17.02%16.43%
Axis Multi Asset Allocation Fund11.28%16.79%13.94%
Baroda BNP Paribas Multi Asset Fund17.94%0%0%
Quant Multi Asset Allocation Fund8.98%21.81%22.81%
DSP Multi Asset Allocation Fund16.6%0%0%
HSBC Multi Asset Allocation Fund10.0%0%0%
360 One Multi Asset Allocation Fund0%0%0%
UTI Multi Asset Allocation Fund14.38%18.93%18.09%
Mirae Asset Multi Asset Allocation Fund14.31%0%0%
Bajaj Finserv Multi Asset Allocation Fund12.57%0%0%
Data as of 14-Dec-2025

Rolling SWP returns with 10% step-up
Fund Any 1Y SWPAny 3Y 目↑ SWPAny 5Y 目↑ SWP
Canara Robeco Multi Asset Allocation Fund0%0%0%
Edelweiss Multi Asset Allocation Fund8.36%0%0%
Bank India Multi Asset Allocation Fund3.48%0%0%
Sundaram Multi Asset Allocation Fund11.48%0%0%
Shriram Multi Asset Allocation Fund3.36%0%0%
LIC MF Multi Asset Allocation Fund0%0%0%
ICICI Prudential Multi Asset Fund13.3%20.54%28.14%
SBI Multi Asset Allocation Fund10.03%18.13%14.77%
Kotak Multi Asset Allocation Fund14.3%0%0%
Aditya Birla Sun Life Multi Asset Allocation Fund21.7%0%0%
Samco Multi Asset Allocation Fund0%0%0%
Groww Multi Asset Allocation Fund0%0%0%
Mahindra Manulife Multi Asset Allocation Fund9.21%0%0%
Quantum Multi Asset Allocation Fund9.05%0%0%
Union Multi Asset Allocation Fund8.03%0%0%
Whiteoak Capital Multi Asset Allocation Fund18.27%0%0%
Invesco India Multi Asset Allocation Fund0%0%0%
The Wealth Company Multi Asset Allocation Fund0%0%0%
Nippon India Multi Asset Allocation Fund13.5%20.66%18.04%
PGIM India Multi Asset Allocation Fund0%0%0%
Bandhan Multi Asset Allocation Fund8.85%0%0%
Franklin India Multi Asset Allocation Fund0%0%0%
HDFC Multi Asset Fund8.9%15.58%17.25%
Tata Multi Asset Allocation Fund11.08%16.08%19.4%
Axis Multi Asset Allocation Fund8.92%11.76%13.46%
Baroda BNP Paribas Multi Asset Fund22.56%0%0%
Quant Multi Asset Allocation Fund7.37%21.16%33.59%
DSP Multi Asset Allocation Fund16.78%0%0%
HSBC Multi Asset Allocation Fund1.76%0%0%
360 One Multi Asset Allocation Fund0%0%0%
UTI Multi Asset Allocation Fund5.85%22.58%14.98%
Mirae Asset Multi Asset Allocation Fund10.87%0%0%
Bajaj Finserv Multi Asset Allocation Fund1.01%0%0%
Data as of 14-Dec-2025

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

Tables have been updated on 14-Dec-2025

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.

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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 14-Dec-2025.