quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan

quant Multi Asset Allocation Fund-GROWTH OPTION-Direct Plan ranks among the stronger performers in the Multi Asset Allocation category, backed by a 5-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 88/100.

Cost: At 1.16%, the expense ratio runs 78% 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 strong Sharpe ratio of 1.59 — the fund has generated solid returns relative to the volatility it exposed investors to. Separately, annualised volatility of 10.0% 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.