New Delhi, Aug. 2 -- Multi-asset allocation funds dominated investor preference in the first half of 2026. According to AMFI data, the category attracted net inflows of around Rs.38,027 crore during January-June 2026, compared with Rs.5,586 crore for balanced advantage funds (or dynamic asset allocation).

Both categories belong to the hybrid-fund universe and are often considered by investors seeking an alternative to pure equity funds.

However, experts say they are designed for different objectives, and recent inflows have been driven more by performance than by product suitability.

SEBI mandates that multi-asset allocation funds can invest in at least 3 asset classes, with a minimum allocation of 10% to each. On the other hand, balan...