Last updated 1 July 2026 · vs April 2026 · How the score is calculated
This page lists the top-ranked mutual funds in this category, scored every month on a blend of 1-year, 3-year, and 5-year returns, risk-adjusted return (Sharpe), and maximum drawdown. The data comes from the AMFI NAV file and the AMC factsheets our pipeline ingests nightly; the score formula is in the rankings methodology post. Use the table as a starting point, not a finishing point. Two funds with a score within 5 points of each other are essentially interchangeable for retail purposes; the difference between them over a 10-year SIP is well within the noise of any single fund's return path. Pick from the top 3-5 names in the list, not just the top 1. For a beginner-friendly walkthrough of how to actually open an account and set up a SIP in this category, see How to start investing in mutual funds in India. For the retirement goal the SIP is eventually feeding, see How much you actually need to retire in India.
Each Multi Asset fund in the table is scored on a blend of five factors: 1-year, 3-year, and 5-year returns, the 3-year Sharpe ratio, and the 3-year maximum drawdown. The 5-year return carries the heaviest weight; the 1-year return carries the lightest, because a single year is mostly noise. Funds with less than three years of history are kept out of the 3Y / 5Y windows but are still listed if they have a 1-year track record.
The underlying NAV data is sourced nightly from the AMFI daily NAV file and the AMC factsheets. The score is re-run every month after the latest upload. Two funds with a score within 5 points of each other are essentially interchangeable for retail purposes; pick from the top 3-5 names in the list, not just the top 1. The full formula, weights, and edge cases are in the rankings methodology post.
| Rank | Scheme | Score |
|---|---|---|
1— | Nippon India Multi Asset Allocation Fund - Regular Plan - Growth Option Nippon India Mutual Fund · Regular | 83.2 |
2— | SBI MULTI ASSET ALLOCATION FUND - REGULAR PLAN - GROWTH SBI Mutual Fund · Regular | 69.7 |
3— | Aditya Birla Sun Life Multi Asset Allocation Fund-Regular Growth Aditya Birla Sun Life Mutual Fund · Regular | 64.5 |
4 | WhiteOak Capital Multi Asset Allocation Fund Regular Plan Growth WhiteOak Capital Mutual Fund · Regular | 55.1 |
5↓1 | Axis Multi Asset Allocation Fund - Regular Plan - Growth Option Axis Mutual Fund · Regular | 53.6 |
Rankings based on data up to 1 July 2026. Direct plans and regular plans are scored separately; this table shows the regular plan of each fund. For educational purposes only, not investment advice. Mutual fund investments are subject to market risks. Read the full disclaimer.
Funds in this category differ primarily on the manager's track record over a full market cycle. Look at the 5-year return and the 3-year maximum drawdown, not the 1-year return, when comparing names.
FinvestR Research Desk
Research team, FinvestR
The FinvestR research desk produces the monthly fund rankings and the underlying scoring engine. The team includes AMFI-registered distributors (ARN-142502) and NISM-Series-V-A certified research analysts. Plain English, no product pitches, full methodology on every page.
AMFI-registered Mutual Fund Distributor · ARN-142502 · NISM-Series-V-A: Mutual Fund Distributors
Last updated 1 July 2026. The full ranking methodology and the data sources are published in the July 2026 rankings post. Past performance does not indicate future results.
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. FinvestR Capital is registered with AMFI as a Mutual Fund Distributor (ARN-142502). The rankings on this page are research output and not personalised investment advice. Consult a SEBI- registered investment advisor for advice tailored to your situation.