NIPPON INDIA MULTI ASSET ALLOCATION FUND - IDCW Option

NIPPON INDIA MULTI ASSET ALLOCATION FUND - IDCW Option ranks among the stronger performers in the Multi Asset Allocation category, backed by a 4-star rating. Consistent 3-year performance combined with a strong rating makes this one of the more credible options in its space. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 91/100.

Cost: At 0.42%, the expense ratio is meaningfully cheaper — about 35% below the Multi Asset Allocation category average of 0.65% (based on 191 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 modest Sharpe ratio of 0.38 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 11.51% is on the lower side, suggesting a comparatively smoother ride.

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.