PGIM India Multi Asset Allocation Fund - Regular Plan - IDCW Option

PGIM India Multi Asset Allocation Fund - Regular Plan - IDCW Option holds up reasonably well within the Multi Asset Allocation category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 66/100.

Cost: At 0.85%, the expense ratio runs 31% above the Multi Asset Allocation category average of 0.65%. 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 modest Sharpe ratio of 0.1 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 14.88% 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.