Aditya Birla Sun Life Multi Asset Allocation Fund-Direct IDCW

Aditya Birla Sun Life Multi Asset Allocation Fund-Direct IDCW ranks among the stronger performers in the Multi Asset Allocation category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 81/100.

Cost: At 0.67%, the expense ratio is roughly in line with the Multi Asset Allocation category average of 0.64% — cost isn't a standout factor either way for this fund.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.5 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 12.85% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.