New Delhi, April 26 -- As equity markets stall and global uncertainty deepens, Indian investors are turning to multi-asset allocation funds at a record pace - and the data makes a compelling case for why this shift may be structural, not cyclical.

When markets don't move in straight lines, investors look for funds that don't need them to. That, in essence, is the story of multi-asset allocation funds in FY26 - a category that has quietly become the defining product trend of India's mutual fund industry this year.

Net inflows into these funds have surged nearly 3.9 times since January 2025. In February 2026 alone, they pulled in over Rs.8,500 crore - accounting for roughly 60% of all hybrid fund category inflows that month. Assets under ...