New Delhi, April 23 -- In volatile markets, multi-asset funds offer stability by simultaneously spreading investments across equities, debt, and gold. Their role becomes even more significant when we consider the fact that the benchmark Nifty 50 index has remained flat over the last year.

Keeping this in mind, let's understand the basic concept of multi-asset funds, how smart diversification can boost wealth creation, and five prominent multi-asset funds for investors to explore, based on their asset under management.

Multi-asset allocation funds invest in at least three asset classes, with a minimum 10% allocation to each, as mandated by SEBI regulations. Generally, these funds blend equity (for growth), debt investments (for stability...