Now Reading: Multi-asset funds see Rs 38,027 crore inflows on gold rally
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Multi-asset funds see Rs 38,027 crore inflows on gold rally
Multi-asset allocation funds (MAAFs) attracted nearly Rs 38,027 crore in inflows during January-June 2026, compared with Rs 5,586 crore for Balanced Advantage Funds, businesstoday.in reports. The category delivered average returns of 15-17%…
The Story in Brief
Multi-asset allocation funds (MAAFs) attracted nearly Rs 38,027 crore in inflows during January-June 2026, compared with Rs 5,586 crore for Balanced Advantage Funds, businesstoday.in reports. The category delivered average returns of 15-17% in 2025, boosted by gold and silver as central-bank buying and geopolitical tensions drove safe-haven demand.
But Chacko, an expert quoted by the outlet, warned investors against chasing recent performance. Gold prices have consolidated in recent months, moderating MAAF returns. Several funds posted negative six-month returns in July 2026, including Quant (-2.99%) and Bajaj Finserv (-1.90%). Chacko also cautioned that holding hybrid funds alongside separate equity, debt and gold investments can create portfolio duplication.
The Indian Opinion
The rush into multi-asset funds reflects a familiar recency bias, investors piling into whatever has just done well. The narrative that commodity exposure always boosts returns is simplistic. As gold consolidates and some funds show negative six-month returns, the question is whether investors will stay disciplined. The real test: when equity markets rebound strongly, will they still hold their multi-asset funds, or jump again?
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
