Aditya Birla Sun Life Multi-Asset Passive FOF-Direct IDCW

Aditya Birla Sun Life Multi-Asset Passive FOF-Direct IDCW holds up reasonably well within the FoF Domestic category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 72/100.

Cost: At 0.29%, the expense ratio runs 61% above the FoF Domestic category average of 0.18%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.52 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 13.66% 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 Other fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.