New Delhi, Sept. 22 -- Amid weak performance of the Indian stock market, rising geopolitical uncertainty and persistent macroeconomic headwinds, experts advise investors to consider multi-asset allocation funds as a way to diversify portfolios and navigate heightened market volatility.

Equity benchmark Nifty is down nearly 11% year-to-date, while domestic spot gold prices are up 14%.

As both asset classes have seen heightened volatility this year, mutual fund investors are continuing their fancy for multi-asset allocation funds.

The Association of Mutual Funds of India (AMFI) data for August showed that multi-asset allocation funds were the second-highest contributor to the broader hybrid funds category, neck to neck with arbitrage fun...