New Delhi, March 9 -- In January 2026, multi-asset funds pulled in Rs.10,485 crore-higher than what any equity category received in the same month.

The asset-allocation and diversification argument underpinning multi-asset funds, strengthened by the inclusion of gold and silver as investable components, appears to be driving their rising popularity among investors.

But just as investors were getting comfortable with the multi-asset pitch, fund houses have begun multiplying their offerings.

Sebi's 2025 directive on fund-of-funds (FoF) re-categorization appears to have triggered a fresh wave of multi-asset products. But do investors really need this variation of the multi-asset strategy, or does it simply amplify noise in an already crow...