A combination of asset classes that are used as an investment is known as Multi-Asset Allocation Mutual Funds. Typically, it comprises more than just one asset class and intends to create a portfolio of assets. The distribution of assets and their composition tend to vary depending on an individual investor.These funds invests in at least three asset classes with a minimum allocation of at least 10% each in all three asset classes.
Through a multi-asset allocation fund, an investor gets to invest in equity and debt instruments, equity-oriented schemes, and gold and gold-oriented investment instruments.
The minimum investment varies from scheme to scheme. It could range between Rs.100/ – to Rs.5,000/ -.