Mirae Asset Multi Asset Allocation Fund - Direct Plan - IDCW

Mirae Asset Multi Asset Allocation Fund - Direct Plan - IDCW ranks among the stronger performers in the Multi Cap category, backed by a 5-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 90/100.

Cost: At 0.8%, the expense ratio is meaningfully cheaper — about 12% below the Multi Cap category average of 0.91% (based on 110 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.76 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 10.24% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors who want the fund manager to freely allocate across large, mid and small caps rather than being boxed into one segment. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.